Finland Times

Monday, 22 April, 2024
Home BUSINESSAccess of Finnish SMEs to Chinese market gets easier
Tue, 09 Apr, 2013 02:36:16 AM
Finpro opens support centre in Beijing
FTimes-STT Report, April 9


Kari Häyrinen (left) and Fang Zhou signed an agreement on FinChi Beijing innovation centre at Beijing in China on Monday. Photo Lehtikuva
Finland on Monday opened an innovation centre in Beijing to facilitate and boost access of Finnish small and medium enterprises (SMEs) to the Chinese market.
The initiative has been taken as a number of Finnish SMEs have been facing a range of difficulties in entering the Chinese industrial sector.
Finpro, which runs a programme of marketing Finnish products globally, has opened the centre named FinChi in Zpark, the Silicon Valley of China.
European Affairs and Foreign Trade Minister Alexander Stubb was present at the inaugural ceremony of FinChi.
Photo Lehtikuva
FinChi aims at helping Finnish companies do business in China by easing technical difficulties. Besides, Beijing is also welcoming foreign investors to boost the economy.
FinChi offers such cutting-edge administrative and legal support that enables a company to start doing business from the very first day.
A foreign company is generally allowed to observe the business condition in China for two years before taking a decision and the time-consuming conditions make the business process difficult for the SMEs, said Finpro Asia director Jari Hietala.
But FinChi is going to pave the way for SMEs to run businesses in China by solving all the problems at the initial level, he added.
FinChi was established in Shanghai and at least 12 Finnish companies are now doing business through it.
Zpark, an industrial and technological area in Beijing, is famous for its substantial international-standard universities and research centres. About 50 to 60 Finnish companies, including Nokia and Metso, are now running businesses in the Chinese capital.
In the middle the European Affairs and Foreign Trade minister, Alexander Stubb and businessmen at business park Zparkiin on occasion of the inaugural ceremony in Beijing on Monday. Photo Lehtikuva
FinChi will open the door for Finnish companies to observe the Chinese business environment while operating their businesses in Finland from China, Stubb told the opening ceremony.
He said around 300 companies of Finland were looking for an opportunity to enter the international market and many of them might become excited finding an opportunity to get into this business arena. 
SMEs probably have a better future here, the minister quipped.
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