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HAIKOU O. J. Howard Youth Jersey , Jan. 25 (Xinhua) -- Denis Koreshkov waited only one night before getting his business license in south China's Hainan Province.
The 34-year-old Russian engineer and his business partners were amazed at the administrative efficiency. The office of his company in Hainan Software Park in Chengmai County, which is undergoing fitment and equipment installation, will be put into use after Spring Festival, which falls on Feb. 16.
Koreshkov and his partners moved their computer technology company from Russia to Hainan last year and established the Hainan firm with a registered investment of 10 million U.S. dollars.
"China is a rising power in the IT industry and has a huge potential market," he said. His company has signed three cooperation projects in Hainan.
The Russian entrepreneur is among foreign investors benefiting from the favorable business environment in China.
The country has been making efforts to remove barriers to market access and requires local governments to create healthy business environment for fair competition.
To attract foreign investors, since October last year the approval of foreign enterprises in Hainan has only taken three days, compared with 18 days previously.
Hainan took the lead on online administrative approval in July 2017, enabling applicants to submit administrative approval affairs at home with a computer.
"A highly efficient government will cut the institutional and time costs for companies' development," said Wang Jing, head of the Hainan provincial government affairs service center.
"Streamlining administrative approval procedures will push the transformation of government functions and create a favorable soft environment for economic development," she said.
Wu Yusheng, founder of Tetranov International, a U.S. pharmaceutical company, also feels the benefits of such policies.
The registration and construction of his health product plant in Haikou, the provincial capital, only took five months.
"We have lots of investment projects around the world. The Hainan project is the fastest," Wu said.
To attract foreign capital, Hainan also identified 12 key industries, including tourism, Internet, medical treatment and bio-pharmaceuticals, and introduced preferential policies.
Due to the policies, the island province has become a hot spot for foreign investment.
In the past five years, 360 foreign-funded enterprises have been set up in the province, with contracted foreign capital reaching 25.4 billion U.S. dollars. In 2017, the island signed almost 40 foreign investment projects.
January 23, 2017, Beijing -- Sina Sports signed an official strategic partnership agreement with Mediapro Asia, the Asia branch of Mediapro, a world’s leading communications and production company and sports media giant in Spain. The five-year partnership sees Sina Sports appointing Mediapro Asia as the exclusive media rights agency and commercial rights agency of Sina’s 3X3 Golden League basketball tournament. Mediapro Asia will assist with the development of the event into a global 3X3 basketball league. Through this partnership, the 3X3 Golden League becomes China’s first mass participation event to reach the global rights market, to commercialize on a global basis and to potentially hold events outside of China.
Both Mediapro Asia and Sina Sports acknowledge that, this cooperation and the admission of 3X3 basketball as an official game into the Olympic Games, will help promote this event worldwide and reach a wider audience in a broader global market. Mediapro Asia and Sina Sports will cooperate internationally in three aspects including media rights, sponsorship rights and event operation rights. Mediapro will serve as the agent for exclusive media right sales of Sina’s 3X3 Golden League across all media platforms, including the television and online platforms. In addition, Mediapro will become the global sponsorship representative of the League (excluding Mainland China). Moreover, Mediapro has the rights to host 3x3 Golden League-branded events in certain countries or regions.
Sina Senior Vice President and Sina Sports General Manager Arthur Wei said at the signing ceremony: “The government is supportive of private sporting events and encourages us to internationalize these events. It’s important that we not only bring international talent to events in China but to globalize China-based events and this cooperation is a historical first step by any Chinese company in doing so.” Mediapro Asia Managing Director, Lars Heidenreich stated: Sina’s 3x3 Golden League Basketball has a proven track record hosting more than 25 events p.a. in China. Mediapro Asia is delighted to market this property internationally and help promote 3x3 Basketball into one of the largest urban team sports across Asia-Pacific.
This FIBA-endorsed 3X3 Golden League basketball tournament held its 3rd edition in 2017, and the number of cities has grown to 24 with 6,144 teams and 24,576 participants in total. The bonus of the event is $200,000, and the winners will be sent to the Australian National Basketball League for training and have the opportunity to play in the league. The event has attracted the best 3X3 basketball players both domestically and internationally. In 2017, on Weibo platform, the number of interactive topics related to the event exceeded 1.4 billion, video views more than 240 million, making the 3X3 Golden League the most popular independent IP sporting event on Chinese social media. The Final was broadcast on over 10 video platforms including Netease Sports, Youku, iQIYI and others. Domestic and international TV stations such as CCTV-5, SMG Sports, GDTV Sports, and FOX Sports Asia also made real-time coverage of the competitions on the final day. In the selection of 2017 SPIA Asia – Asia's Sports Industry Awar
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