nanjing xuanwu district investment environment study key transport hub linking china’s east and...

ADVISORY

Nanjing Xuanwu District Investment Environment Study

Contents

Preface

Chapter 1 Nanjing at a glance 5

Chapter 2 Development of Xuanwu District 10

Chapter 3 Investment in Xuanwu 20

Chapter 4 Appendices 28

Additional copies of this report may be obtained from

KPMG China

Shanghai office Nanjing office

50th Floor Plaza 66 46th Floor Zhujiang No1 Plaza

1266 Nanjing West Road 1 Zhujiang Road

Shanghai 200040 China Nanjing 210008 China

Tel + 86 (21) 2212 2888 Tel + 86 (25) 8691 2888

Fax + 86 (21) 6288 1889 Fax + 86 (25) 8691 2828

wwwkpmgcomcn


copy 2009 KPMG Huazhen a Sino-foreign joint venture in the Peoplersquos Republic of China and a member firm of the KPMG network of independent member firms affiliated with KPMG International a Swiss cooperative All rights reserved

This publication presents an overview bull In 2008 Nanjing ranked 9th of for those contemplating investment 200 cities in the China Urban in Nanjingrsquos Xuanwu District Xuanwu Competitiveness Report from the District is located in the downtown Chinese Academy of Social area of Nanjing the capital of Jiangsu Science (4)

province in eastern Chinabull Nanjing ranked 2nd in the

Nanjing is located in the economically ldquoChinese Top One Hundred developed Yangtze River Delta (YRD) Tourist Destinations in 2009rdquo(c) as The YRD includes Shanghai Jiangsu determined by the China Society province and Zhejiang province and of Urban Economy at its annual is one of the nationrsquos most affluent meeting on Chinese tourism regions According to the latest competitiveness (5)

statistics(1) in 2008 the YRDrsquos GDP bull The Nanjing Travel Expo held

reached CNY 54 trillion amounting to annually in the International

179 percent of the national GDP and Exhibition Centre in Xuanwu

roughly the same size as the economy District is regarded as the one of

of Turkey the most important events in the

As one of the three core cities of the National Tourism Administration YRD Nanjing has naturally become an calendarattractive destination for investors By

Chinas business environment is the end of 2008 the utilised foreign

evolving rapidly Moreover cost and direct investment in Nanjing amounted

operational issues vary from company to USD 24 billion(2) with nearly 90

to company and from industry to Fortune 500 companies having a

industry Companies that are doing presence in Nanjing

business in China or planning to The greater Nanjing urban area spans do so are advised to obtain current eleven districts and two counties information and company-specific Xuanwu District the centre of this advice from experienced professional urban area is the site of Nanjing advisors and to conduct proper due municipal government and a number diligence This publication is dedicated of notable historical sites With Chinarsquos to providing prospective investors with recent economic development accessible independent research on Xuanwu Districtrsquos economic progress the business environment in Nanjing has been based on information Xuanwu District However this technology leisure and tourism as well report should not be construed as a as retail and services substitute for detailed due diligence

prior to investmentRecognition and events of note for both Nanjing and the Xuanwu District The sources of information in this in recent years include booklet have been cited throughout

The assistance of the Investment bull Nanjing was ranked 4th in Forbes

Service Bureau of Xuanwu District ldquoTop Cities in Mainland China for

noted Business in 2008rdquo (a) Nanjing is gratefully This booklet

contains information available as at bull Nanjing was awarded the UN- February 2009

Habitat Scroll of Honour in October 2008 a first for a Chinese local government (b)(3)

Preface

Notes (a) ldquoTop Cities in Mainland China for Business in 2008rdquo assesses194 cities with GDP exceeding CNY 19 billion in 2006

(b) UN-Habitat Scroll of Honour is awarded by UN-Habitat to honour the organisations and individuals making contributions to state construction and development of habitats

(c) The tourism competitiveness rating (from the China Society of Urban Economy and covering 293 cities excluding Beijing Tianjin Shanghai and Chongqing) is based on rating on city development tourism resources tourism market and tourism service competitiveness plus over 60 second and third tier factors

Sources (1) GDP of 16 cities in Yangtze River Delta exceeds CNY 5 trillion 26 February 2009 wwwjsxinhuanetcom (2) Nanjing Foreign Trade and Economic Cooperation Bureau (3) UN-Habitat (4) China Urban Competitiveness Report (2008) Social Sciences Academic Press (5) China Society of Urban Economy (6) KPMG analysis (7) Investment Service Bureau of Xuanwu District Nanjing

Xuanwu Lake (7)



1 Changsha in contextbull City introductionbull Economy bull City planning

A key transport hub linking Chinarsquos east and west Changsha has a sizeable population and a diverse economic and industrial base

ldquoChangsha continues to grow as do the demands of the consumer markethellipso we are confident in our development in Changsha and will be increasing our investment thererdquo

- Head of the Investment Department Happigo Home Shopping Co Ltd a subsidiary of Golden Eagle Broadcasting System operating a direct sales shopping channel model from an interview on 12 March 2009

1 Nanjing at a glance

bull City introduction

bull Economic development

bull Urban competitiveness

As a major transportation hub for eastern China Nanjing attracts domestic and foreign investors alike Electronics information technology petrochemicals car manufacturing and steel have all become pillar industries of Nanjing Key growth areas for the future include advanced optoelectronics and material sciences biopharmaceuticals software entertainment and leisure sectors



History and cultureLocationbull Nanjing is one of Chinas four bull Nanjing capital of Jiangsu province

ancient capitals is a major transportation hub for the lower Yangtze River and East China bull With a history of over 2500 years area Nanjing was the national capital

for six dynasties as well as for the bull Jiangsu province is located half way Republic of China before 1949up Chinarsquos east coast bordering

the Yellow Sea Shanghai Zhejiang bull Nanjing is a major tourism city By Anhui and Shandong provinces It the end of 2007 according to the is one of the more economically national rating system for sites developed provinces along Chinarsquos of cultural significance Nanjing east coast had one 5A(a) and seven 4A

sites (1) Famous scenic spots in bull Nanjing lies 380km from the Nanjing include Dr Sun Yat-senrsquo s YRDrsquos estuary Benefiting from its Mausoleum the Confucius Temple position on both the Yangtze River Purple Mountain (Zijin Shan) Ming and the Shanghai-Beijing railway Dynasty City Wall and the Qinhuai it is variously known as a ldquodoor to River Nanjing attracts around 50 the southeastrdquo and ldquogateway to million domestic and overseas the inland provincesrdquo (Please refer visitors annually (2)

to page 8 urban competitiveness section)

Notes (a) 5A is the highest rank of scenic spots in China as authorised by the National Tourism Administration there are 66 5A-rated sites nationwide

(b) The map is for reference onlySources (1) Nanjing Travel Bureau (2) Nanjing Statistics Bureau (3) Investment Service Bureau of Xuanwu District Nanjing

City introduction

Nanjing and the YRD(b)

Zhongshan Gate (3)



Nanjing is a large urban centre temperature is 178 C with annual

rainfall of 1034 mm The mean bull Nanjing covers a total area of 6598 2 temperature is 4 C in January and km making it a little larger than the

(1) 28 C in JulyUS state of Delaware with the greater urban area spanning eleven bull Nanjing municipal government has districts (Xuanwu Baixia Qinhuai encouraged the rdquogreeningrdquo of the Jianye Gulou Xiaguan Pukou Xirsquoxia urban landscape in recent years In Yuhuatai Jiangning and Liuhe) and 2008 green area cover accounted two county-level cities (Lishui and for 47 percent of the city 11 Gaochun) percentage points higher than the

national average The per capita bull The population of Nanjing was around green area cover is 132 m2 (3) (4)

759 million at the end of 2008 similar to that of the US state of Virginiarsquos bull In February 2009 Nanjing was population(2) Of this approximately awarded the Habitat Scroll by the 55 million were urban residents Ministry of Housing and Urban-

Rural Development (MOHURD) A mild climate and green which praised its high standards in environment urban green cover and its efficient

sewage system(5)bull Nanjing is a temperate city with four

distinct seasons and ample sunshine and rainfall The average annual

Map of Nanjing downtown area

Note The map is for reference onlySources (1) State of Delaware official website (2) State of Virginia official website (3) Nanjing Statistics Bureau (4) State Forestry Administration (5) Ministry of Housing and Urban-Rural Development (6) Investment Service Bureau of Xuanwu District Nanjing (7) KPMG analysis

Purple Mountain (6)



Economic development

Nanjingrsquos economy has seen bull By the end of 2008 nearly 90 steady growth especially in the Fortune 500 companies had manufacturing (secondary) and established a presence in Nanjing service (tertiary) sectors(a) including BASF Siemens Bayer

Schneider Electric Shell Philips BP bull In recent years Nanjingrsquos GDP has

Ericsson Fiat ABB Maersk Ford accounted for 12-13 percent of

Motorola Best Buy Kimberly-Clark Jiangsu provincersquos total with an

Emerson 3M American Express annual growth rate of 16 percent

Sharp Itochu Toshiba Fujitsu Nanjingrsquos GDP reached CNY 3775

Mitsubishi NYK Line Hyundai LG billion in 2008 nearly twice that of

Samsung Cathay Life Insurance 2004 Its GDP per capita amounted

China Life Insurance (Group) to CNY 50327 in 2008 22 times

Company and China Petrochemical the national average roughly the

Corporation (3)same as that of Malaysia in 2008 according to International Monetary - in the case of BASF for example Fund statistics (1) the BASF-YPC joint venture (with

Yangtze Petrochemical Company bull Manufacturing and service

Ltd) is BASFrsquos largest investment industries continue to grow with

project in China (4)the formerrsquos contribution to the total industrial output traditionally

Asian investors particularly those higher However in recent years from Hong Kong Macau and the service sector has outpaced Taiwan contribute the majority of manufacturing and became the FDI in Nanjinglargest single contributor to the

economy in 2008 bull From 2004 to 2008 52 percent of Nanjingrsquos FDI originated from Asia

bull In line with Nanjingrsquos economic and a of which 60 percent came from

social development plans value-Hong Kong Macau and Taiwan (2)

added industries are growing in local importance These include bull From 2005 to 2007 Nanjing was the software biopharmaceutical lauded as a ldquorecommended city for advanced material advanced investmentrdquo by the Taiwan Electrical optoelectronic entertainment and and Electronic Manufacturerslsquo leisure sectors (2) Association (TEEMA) in their reports

on the investment environment in

Nanjing is a major investment mainland China (5)

destination for Fortune 500 bull In TEEMArsquos 2008 report Nanjing companies was voted ldquoone of the ten best bull In 2008 utilised FDI in Nanjing destinationsldquo for high technology

totalled USD 237 billion an industry investors (5)

increase of 394 percent from 2006 By the end of 2008 more than 10000 projects from more than one hundred countries and regions had invested in Nanjing including more than 1600 companies each with an accumulated investment of more than USD 10 million (2)

2005 2006 2007 200820040

50

100

150

200

250

300

350400

Figure 1Nanjing GDP by sector 2004-2008

CNY

billi

on

Agriculture Manufacturing Service

Sources (1) Nanjing Statistics Yearbook (2) Investment Service Bureau of Xuanwu

District Nanjing

Figure 2Utilised FDI in Nanjing 2004-2008

Hong Kong Macau and Taiwan

32

Southeast Asia11

Europe10

South Kore6

USA4

Japan3

Others34

Note ldquoOthersrdquo includes enterprises registered in the BVI and Cayman Islands

Sources (1) Nanjing Foreign Trade and Economic Cooperation Bureau (2) Investment Service Bureau of Xuanwu District Nanjing

Note (a) Agriculture (or ldquoprimaryrdquo industry) based on Chinese classification includes farming forestry animal husbandry and fishery manufacturing (or ldquosecondaryrdquo industry) refers to industries including mining and quarrying manufacturing production and supply of electricity water and gas and construction services (or ldquotertiaryrdquo industry) refers to all other industries mainly services such as banking or real estate

Sources (1) International Monetary Fund website (2) Nanjing Foreign Trade and Economic Cooperation Bureau (3) Investment Service Bureau of Xuanwu District Nanjing (4) ldquoFinancial Crisis Effect on BASFrdquo 4 December 2008 published by China Petroleum and Chemical Industry

Association (5) ldquoMainland Investment Environment and Risk Research Reportldquo 28 August 2008 Taiwan Electrical and

Electronic Manufacturersrsquo Association (TEEMA)



Nanjing benefits from its - in 2008 Nanjing residents ldquogatewayrdquo location average expenditure was around

CNY 15000 per annum second bull More than 60 major national and in Jiangsu only to Suzhou and provincial roads run through the fourth in the YRD (4)

city Major expressways include Shanghai-Nanjing Shanghai-Hefei bull Throughout 2008 Nanjing Nanjing-Hangzhou Nanjing-Nantong consumer markets showed steady Nanjing-Lianyungang Nanjing- growth with annual retail sales Gaochun and Nanjing-Luoyang (5) reaching CNY 1652 billion an

inflation-unadjusted increase of 197 bull Nanjing is the rail hub for several percent compared with 2007 (b)(1)

main lines including Shanghai-Nanjing Nanjing-Wuhu and Nanjing- - the value of retail sales reached Xirsquoan making it a major rail hub for CNY 1435 billion and CNY 195 northern central and eastern China billion for the wholesale and Railways under development include retail sector and the lodging Nanjing-Hangzhou Nanjing-Huairsquoan and catering sector respectively and Nanjing-Anqing (5) representing annual growth rates

of 191 percent and 234 bull Nanjing Lukou International Airport percent (1)

serves two special administrative regions (Hong Kong and Macau) 42 bull Retailing giants such as Wal-major mainland destinations and 19 mart BampQ Tesco Metro Auchan international cities (3) and Carrefour all have a retailing

presence in Nanjingbull Nanjing has one of the largest inland container ports along the Yangtze

Nanjingrsquos multiplier effect on other River with a throughput of 110 areas of Jiangsu provincemillion tonnes cargo and 106 million

standard containers in 2007 (1) bull ldquoNanjing City Circlerdquo is one of three ldquocirclesrdquo promoted by the

Nanjing as a consumer market for provincial government It targets investors the development of the area within

100 kilometres of Nanjingbull Personal disposable incomes have increased steadily - ldquoNanjing is the hub of the

lsquoNanjing cities clusterrsquo which - in 2008 Nanjingrsquos urban residentsrsquo connects it with Shanghai As per capita disposable income was the intersection of East and CNY 23123 some 24 percent West Nanjing has an impact higher than the Jiangsu provincial on the less developed inland average ranking Nanjing third

(a) areas by leveraging its location in Jiangsu province Nanjingrsquos in the advanced coastrdquo - Jiangsu growth rate of 138 percent Provincial Research for Urban however ranks fourth in the

YRD (4) Development (2)

Notes (a) Sixteen cities in YRD include Shanghai Suzhou Wuxi Nanjing Changzhou Zhenjiang Nantong Yangzhou Taizhou (Jiangsu province) Ningbo Taizhou Hangzhou Shaoxing Zhoushan Huzhou Jiaxing (Zhejiang province)

(b) Not adjusted for inflationSources (1) Nanjing Statistics Bureau (2) Jiangsu Provincial Research of Urban Development (3) Investment Service Bureau of Xuanwu District Nanjing (4) ldquo YRD 16 Cities Urban Residents Income and Expenditure Analysis 2008rdquo 25 February 2009

Changzhou Statistics Bureau (5) ldquoSeven Characteristics of Jiangsu Provincial Economic and Social Developmentrdquo 5 March 2009 Jiangsu

Development and Reform Commission

Urban competitiveness

Xuanwu Lake (3)

0

5000

10000

15000

20000

25000

30000

Figure 3Urban residentsrsquo per capita disposable income top 5 cities in Jiangsu 2008

2008 Jiangsu Provincial Average urban residentsrsquo per capita disposable incomemdashCNY 18680

CNY

Suzhou Wuxi Nanjing Changzhou Zhenjiang

Sources (1) Nanjing Foreign Trade and Economic Cooperation Bureau

(2) ldquoYRD 16 Cities Urban Residents Income and Expenditure Analysis 2008rdquo 25 February 2009 Changzhou Statistics Bureau

(3) ldquoSeven Characteristics of Jiangsu Provincial Economic and Social Developmentrdquo 5 March 2009 Jiangsu Development and Reform Commission



2 Development of Xuanwu District

bull District development

bull Economic growth

bull Featured industries

- information technology sector

- leisure and tourism sector

- retail and services sector

Xuanwu District is primarily a service economy key industries include information technology leisure and tourism and retail and services The district has established special industry zones such as the Xuzhuang Software Industry Base Changjiang Road Cultural Area and Xinjiekou Central Economic Area

Nanjing Xuanwu District Investment Environment Study10


bull Xuanwu District is an urban centre located in the north-eastern part of Nanjing It covers 81 km2 with a population of 634000 Xuanwu District is the site of the Nanjing Municipal Government

bull Xuanwu District has a well-developed education system with more than 40 colleges and research institutes including Southeast University Nanjing University of Science and Technology Nanjing Forestry University Nanjing Agricultural University and Jiangsu Academy of Agricultural Sciences More than 70 academics from the Chinese Academy of Sciences and the Chinese Academy of Engineering live in Jiangsu province almost half of them live in Xuanwu District(1)

bull Transportation in Xuanwu District is convenient Nanjing metro Line 1 runs through the district from South to North Line 2 which is under construction will connect the district from East to West Within

Notes (a) UNESCO is the United Nations Educational Scientific and Cultural Organisation (b) The map is for reference onlySources (1) ldquoNanjing Xuanwu District interviewrdquo 6 September 2006 Ministry of Commerce (2) Investment Service Bureau of Xuanwu District Nanjing (3) KPMG analysis

the district there are also several - Xuanwu Lake area The area main lanes and tunnels connecting includes historical and natural to the Shanghai-Nanjing railway scenic spots such as Xuanwu and loop expressway It takes 20 Lake and the Ming Dynasty minutes from Xuanwu District City Wall It enjoys good government to Nanjing Railway transportation links Nanjing Station and one hour to Nanjing Railway Station the No1 metro Lukou Airport line Xuanwu Lake tunnel and

Jiuhuashan tunnel all run through bull Xuanwu District is also famous

the area This area focuses on for its tourist attractions Dr Sun

the development of tourism and Yat-senrsquos Mausoleum and Xuanwu

leisure related industriesLake are both located in Xuanwu District The green cover is more - the emerging industrial area near than 58 percent There are a total the Purple Mountain The area of 23 scenic spots within the includes many scenic spots such district Emperor Zhu Yuanzhangrsquos as Dr Sun Yat-senrsquos Mausoleum Mausoleum is included in Emperor Zhu Yuanzhangrsquos UNESCOrsquos list of world cultural Mausoleum and Plum Flower relics(a) Mountain The Shanghai - Nanjing

expressway Nanjing - Hangzhou bull As part of its industry development

expressway and No 2 metro plan (please refer to page 12)

line all pass through the area Xuanwu District aims to focus on

The area focuses on ldquogreen the development of three industry

industriesrdquo such as information areas

technology tourism leisure - Xinjiekou Central Economic Area activities and biotechnology

(please refer to page 18)

District development

Nanjing Library (2)

Map of Nanjing Xuanwu District

Note The map is for reference only

11Nanjing Xuanwu District Investment Environment Study


Economic Development

In Xuanwu District services - United States 3M American dominate Express

bull In 2008 Xuanwu Districtrsquos GDP - Europe Siemens (Germany) reached CNY 228 billion the Schneider Electric (France) Philips compound annual growth rate from (Netherlands) ABB (Switzerland) 2004 to 2008 was 17 percent Maersk (Denmark)In 2004 87 percent of Xuanwu

- Korea Hyundai and SamsungDistrictrsquos GDP came from the service industry by 2008 this - Japan NYK Linefigure had increased to 91 percent

- Taiwan Cathay Life Insurancebull Unlike the wider city of Nanjing

- China China Life Insurance which has a spread of both

(Group) Company China manufacturing and tertiary

Petrochemical Corporationindustries Xuanwu is dominated by

the service sector In recent years Similar to Nanjing as a whole its contribution to the districtrsquos GDP Xuanwu District FDI is mainly from has increasedHong Kong Macau and Taiwan

bull Information technology leisure and bull From 2004 to 2008 combined tourism retail and services have foreign investment from Hong become the key development areas Kong Macau and Taiwan amounted in the tertiary industry landscape to nearly 60 percent of utilised FDI

in Xuanwu District (1)

In recent years an increasing number of multinational corporations have chosen Xuanwu District

bull ldquoFortune 500rdquo companies(a) that have established a presence in Xuanwu District include

Note (a) 2008 Fortune 500 companies list wwwfortunechinacomSources (1) Nanjing Foreign Trade and Economic Cooperation Bureau

(2) Investment Bureau of Xuanwu District Nanjing

2005 2006 2007 200820040

5

10

15

20

25

30

CNY

billi

on

59

7

31

21

Figure 4Xuanwu District GDP 2004-2008


Sources (1) Nanjing Statistics Yearbook (2) Investment Service Bureau of Xuanwu District Nanjing

Figure 5Sources of FDI into Xuanwu by region 2004-2008

g Hong Kong Macau and Taiwan g USAg Southeast Asia g Japang Others

Note ldquoOthersrdquo include enterprises registered in the British Virgin Islands and Cayman Islands





Featured sector I - information technology

Key industries

bull The local government has identified information technology leisure and tourism retail and services as key industries for Xuanwu District (d)

bull Finance arrangements The district government will provide at least CNY 30 million per year to support the development of information technology leisure and tourism retail and services

bull The annual subsidy of CNY 30 million will be allocated to Fortune 500 companies Chinese top 100 companies and headquarters (a) as well as the service industry economic and industrial parks and large-scale property development projects

Industry development plan (2006-2010)

bull By the end of 2010 the plan calls for the establishment of more than 1500 companies specialising in information technology in Xuanwu District realising cumulative sales of CNY 50 billion Of this amount the software industry sales target is over CNY 20 billion(b) with exports reaching USD 200 million

bull Under the plan Xuanwu District - a public technology service will be home to 15 companies platform for integrated circuit with more than CNY 100 million in design has now been put into annual sales 25 companies with use more than CNY 50 million in annual bull Modern communication sales and 35 companies with more telecommunications value-added than CNY 10 million in annual sales mobile services development of

bull From 2006 to 2010 at least finished digital products network five companies per year will be and information servicesassessed as ldquoHigh and New bull Bio-pharmaceuticals innovative Technology Enterprisesrdquo and at least dosage and biological dosage with 1500 patent applications submitted self-developed intellectual propertyfor approval every year The target is to have at least 50 patents approved - in 2008 15 biopharmaceutical and commercialised within Xuanwu companies had total sales of CNY District 173 billion

bull Energy saving and environmental Key development areas protection advanced energy

technology as well as technology bull Software industry applications and for reducing the use of energy management systems middleware pollution reduction waste material embedded software and finished treatment recycling and reuseproducts information security

products Linux system technology and products animation software Incentive policies(c)

exporting and service outsourcing bull A CNY 1 million subsidy is available - in 2008 Xuanwu Districtrsquos for core projects that promote

software industry sales reached the entire industry for example CNY 6 billion and newly the construction of information certified software enterprises technology parks or RampD buildings and products numbered to 16 bull Subsidies of up to CNY 300000 and 63 respectively increasing are available for projects related to the total figures to 261 software research integration for example a enterprises and 764 software collaboration between an enterprise products and a university or research

- by the end of 2008 five institute to jointly build a technology enterprises recorded sales more development centrethan CNY 100 million and 41 enterprises had sales exceeding CNY 10 million There are roughly 700 enterprises specialising in software within the district

bull Integrated circuit sector design of core chips and embedded CPUs

- in 2008 enterprises engaged in the integrated circuit sector in Xuanwu had total sales of CNY 100 million There are more than 20 integrated circuit design enterprises that annually train 400 technicians

Notes (a) These enterprises include headquarters and branches of listed companies and companies designated by the national government Also included are enterprises with annual sales of CNY 100 million and others approved by Xuanwu Districtrsquos industry development leadership team

(b) According to the Investment Service Bureau of Xuanwu District software sales may differ from the plan as a result of the financial crisis the plan is subject to adjustment

(c) Only selected incentive policies are listed here Full details can be obtained from and are subject to the Investment Service Bureau of Xuanwu District Nanjing

(d) According to the Guidance on further development of key industries in Xuanwu (provisional) Development and Reform Bureau of Xuanwu District Nanjing

Source Investment Service Bureau of Xuanwu District Nanjing

Xuzhuang Software Industry Base



Key industrial zone ndash Xuzhuang - US-based Oracle domestic IC Software Industry Base (Xuzhuang giant Vimicro and the Jiangsu Base) System Integration RampD Centre

have signed agreements to bull In 2002 the Nanjing Xuzhuang establish offices in Xuzhuang Software Industry Base was approved Base (4)

by the Nanjing Municipal Government as one of the two major bases of - leading Chinese pharmaceutical Jiangsu Software Park The base was companies have also located in accorded the status of a rdquoNational Xuzhuang for example NYSE-Demonstration Zone of Software listed Simcerersquos headquarters is Export and Innovation Baserdquo ldquoChina located in Xuzhuang and Zhengda Urban Demonstration Zone of Service Tianqing Pharmaceuticals has Outsourcing Baserdquo and ldquoConvergence moved to Xuzhuang Base (a)

Area of Modern Service Industry in - by the end of 2008 some 40 Jiangsu provincerdquo Jiangsu Software

enterprises had moved into Park enjoys all the preferential policies Xuzhuang Base and another 103 granted to National (ldquoTorch Planrdquo)

(4) enterprises had signed agreements Software Industry Bases of intent (1)

bull The planned area of the base is 28 km2 (5) bull In order to promote the development

of Xuzhuang Base on the basis - the planned construction area covers of current national provincial and

13 million m2 (RampD buildings occupy municipal policies the base aims to 60 percent public facilities 20 communicate closely with potential percent and offices 20 percent) (2) investors and tailor policies case

2 by case to help each company - the base also includes a 31000 m 2 individuallycommercial zone a 10000 m club

a 200000 m2 waterscape leisure - ldquoXuanwu District government area a 5000 m2 fitness centre and provided project outsourcing a 11000 m2 cultural centre (2) information to us and helped us

to apply It also assisted us in bull A sizable employee talent pool is one the negotiation with hospitals to of the advantages of Xuzhuang Baseenlarge our client baserdquomdash Jiangsu

- neighbouring educational institutes SimLink Information Systems such as Nanjing University Nanjing Ltd (3)

University of Science and Technology - ldquoGovernment assistance in Nanjing Pulei Information Technology

relation to technology was quite School and Nanjing Yinhe Information helpful for example arranging Technology Training School are a technical exchange activities as ready source of software talentwell as with respect to finance for

- according to interviews carried out example helping us apply for a tax by KPMG software enterprises in reductionexemption and providing Xuzhuang are satisfied with the a subsidy for innovative technology quality and availability of the local developmentrdquo mdash Nanjing Jia Teng workforce (Please refer to page 25 Wei Xin Software Co Ltd (3)

the investorsrsquo feedback section)

bull Famous national and international brands have established a presence in Xuzhuang Base

Note (a) According to the Investment Service Bureau of Xuanwu District Nanjing and Xuzhuang Software Industrial Base Administrative Committee Xuzhuang aims to attract software and information technology enterprises However Xuzhuang was originally positioned as a high technology industry base some pharmaceutical companiese such as Simcere and Zhengda Tianqing have entered into Xuzhuang and stayed Therefore Xuzhuang is home to a variety of enterprises not limited to software and information technology companies

Sources (1) Investment Service Bureau of Xuanwu District Nanjing(2) Xuzhuang Software Industrial Base Administrative Committee (3) KPMG interviews(4) ldquoIndustry mapping speed up the construction of Xuzhuang Software Industrial Base Administrative Committeerdquo 15 July 2008 China Economic Net

Xuzhuang Software Industry Base (1)





Zhujiang Road a ldquohigh-tech streetrdquo - more than 30 percent of high-tech enterprises on Zhujiang bull The 43-kilometer long Zhujiang Road were cooperating with Road a ldquohigh-tech streetrdquo is located local universities and colleges in the centre of Xuanwu District as at March 2009 Over 50 RampD and runs from Zhongshan Road to inventions of Southeast University North Anmen Street Zhujiang Road have been commercialised with has become a well-known high-tech investment totalling CNY 710 location for electronic products and millioncomputers in East China Jiangsu

Software Park and the Science Park - over 30000 employees work of Southeast University are also for companies in the Zhujiang located here Road area of which 45 percent

2 hold bachelorrsquos degrees and 6 - the 600000 m business area percent hold masterrsquos degrees along Zhujiang Road is home to

3000(a) Chinarsquos first tier universities such high-tech enterprises as Nanjing University Southeast includingUniversity and Nanjing University

bull 200 regional and national IT of Aeronautics and Astronautics products resellers are located near Zhujiang Road

bull local companies (such as Hisap - the district government initiated Sinotide and Fuzhong) each with a ldquoservice-oriented governmentrdquo national sales revenue over CNY campaign over the past few 1 billion per annum years with a batch of incentive

polices such as ldquoOpinions on bull stores and branches of first tier Improving the Information brands such as Intel IBM HP Technology Industries in Xuanwu Apple and LenovoDistrictrdquo ldquoOpinions on Improving

bull nearly 400 software-oriented Key Industries Development in companies including 88 granted Xuanwu Districtrdquo and ldquoOpinions ldquoDouble Software Certificaterdquo on Improving Talent Management by the Ministry of Industry and in Xuanwu Districtrdquo(c)

Information Technology(b)

- Jiangsu Software Park and the Science Park of Southeast University are two high-tech bases on Zhujiang Road Jiangsu Software Park is a National (ldquoTorch Planrdquo) Software Industry Base enjoying the incentives of National High-tech Industrial Development Zone

Notes (a) Includes companies registered in Xuanwu District and those registered elsewhere but with a presence in the District

(b) Double Software Certificate refers to the software company certificate and software products registration granted to software companies by the Ministry of Industry and Information Technology



Huahai Electronics Mall on Zhujiang Road



Industry development plan (2006mdash book trading market and advertising2010) bull Exhibition to support large scale bull The government anticipates that exhibitions trade shows and

from 2006 to 2010 more than 100 downstream industriesnew leisure and tourism enterprises

bull Sports to support the development will start up every year in Xuanwu of sports products fitness centres Districtsports media etc

bull During the same period the added value of tourism industry will grow Incentive policies(b)

30 percent annually(a) By the bull A CNY 500000 subsidy is

end of 2010 the increased value available to investors in leisure

from leisure and tourism activities and entertainment areas Chinese

is projected to be more than 10 traditional calligraphy and painting

percent of Xuanwu Districtrsquos total markets and souvenir markets

GDP bull A maximum subsidy of CNY

Key development focus 300000 will be granted to encourage the industry area to lead bull Animationnetwork games sector its own development and construct to support the development an information sharing scheme production and sales of animation especially for the digital animation products network games and and design industriesderivative products

bull Large-scale companies essential bull Tourism to support tours including to the arearsquos industry effectiveness ecological and experience tours will be assisted by the government Key projects includeto apply for preferential policies

- ldquoNanjing 1912rdquo fashion streets as well as offering projectrental Mingchenghui Culture Street and subsidies preferential loan terms Jiangning Weaving Palace and loan guarantees

bull Design to support architecture bull A maximum CNY 200000 subsidy culture and arts consulting and will be granted to promising advisory services fashion and animation and computer game consumer design enterprises

bull Leisure and entertainment to bull A maximum subsidy of CNY support the production of radio and 500000 will be granted to media TV programmes as well as large publishing trading advertising scale leisure and entertainment exhibition and sports related projects companies

bull Press and publishing to support the publishing and copyright service industry audio-visual material and

Notes (a) Added value means the increase in value during the production process equal to total output value minus the input cost incurred

(b) Only selected incentive policies are listed here Full details can be obtained from and are subject to the Investment Service Bureau of Xuanwu District Nanjing


Featured sector II mdash leisure and tourism

Presidential Hall of Dr Sun Yat-sen



Featured tourism and 2 ldquoMingchenghuirdquo Culture Street

leisure areas bull Mingchenghui is a leisure and entertainment development next to a world cultural heritage site the

1 Nanjing 1912Ming Dynasty City Wall

bull ldquoNanjing 1912rdquo completed in 2004 bull The project covers around 120000 is a commercial property of the

m2 and the construction area is Nanjing 1912 Investment Group over 70000 m2 adjacent to a two Co Ltd kilometer stretch of Ming Dynasty

- it is located next to the City Wall from Jiefang Gate to Presidential Hall of Dr Sun Yat-sen Xuanwu Gate Phase one to phase and composed of 19 buildings three will cover 8000 16000 and featuring the architecture from 50000 m2 respectively (2)

the period of the Republic of bull The main businesses include top China and four squares

restaurants fashion retail hotels - its total construction covers theme restaurants and a classical

42000 m2 living experience area with features of the Ming Dynasty- Nanjing 1912 is a key nightlife

destination for Nanjingrsquos urban - phase one has been completed residents and opened to the public and

comprises top restaurants a spa bull Nanjing 1912 targets leisure and and business club Upscale Hong entertainment tenantsKong seafood restaurant ldquoAh Yat

- home to over 20 bars and cafes Abalonerdquo opened its first Nanjing and roughly 30 other restaurants branch hereand shops (a)

bull ldquoMingchenghui relies on Nanjingrsquos - in addition to several local flagship cultural and historical heritagehellip it is

restaurants there are also local ideal for the development of upscale snack shops tea houses an arts servicerdquo - KPMG interview with salon fast food restaurants and Nanjing Luoke Forum Catering Co ice cream shops (b)

Ltd (3)

bull Nanjing 1912 was recognised by the bull The target customers are upscale China Commercial Walking Street business people and expatriates in Committee as ldquoChinarsquos Featured Nanjing for business or tourismPedestrian Streetrdquo in 2008 (1)

Nanjing 1912 (2)

Mingchenghui (2)

Notes (a) ldquolsquoNanjing 1912 Christmas Eve Partyrdquo 19 December 2004 wwwjschinacomcn (b) ldquoNanjing 1912 Phase two aims to be the new landmark of Nanjing Cateringrdquo 19 September 2005 wwwlonghunetSources (1) Nanjing 1912 awarded Chinas Featured Pedestrian Street 5 November 2008 Nanjing Daily (2) Investment Service Bureau of Xuanwu District Nanjing (3) KPMG interview and analysis



Industry development plan known supermarket brand or sign (2006-2010) a strategic cooperation agreement

with Xuanwu Districtbull By the end of 2010 Xuanwu District plans to introduce more than 50 bull In order to promote the international luxury brands more construction of Red Mountain and than 15 national chain enterprises Xiaolingwei retail and services and to build Nanjingrsquos high-end centre a maximum CNY 300000 business and commercial area rental subsidy will be granted

to top international and national bull With the Xinjiekou business district supermarkets that enter into the as the centre forming Nanjingrsquos centrehigh-end retail and services hub

the district will focus on introducing bull Top international brands entering headquarters of famous enterprises into the Nanjing market for the

first time and setting up an bull From 2006 to 2010 Xuanwu independent legal entity will be District aims to encourage 25 granted a maximum subsidy of newly established professional CNY 500000 A one-off subsidy of service providers such as software up to CNY 300000 will be granted companies a year realising sales of to companies who introduce top more than CNY 15 billion including international brands into the Nanjing exports of more than CNY 200 marketmillion

bull A maximum CNY 300000 subsidy bull The plan focuses on four key for purchasingrenting premises will development areasbe granted to brand-name chain

- retail stores from other locations that move to Nanjing for the first time - business services including and set up an independent legal finance insurance and entity within Xuanwu Districtprofessional service

bull Depending on the scale of its - technical products wholesale contribution and its effect on the automobiles and auto parts local industry a maximum CNY dealership300000 subsidy for purchase

- E-commerce rental of premises will be granted to international and national

Incentive policies(a) financial service organisations and

bull According to its investment and professional service companies

contribution to the local economy bull New or existing key services a maximum CNY 500000 rental outsourcing companies may subsidy or maximum CNY 1 million be eligible for a maximum CNY project subsidy will be granted to 300000 subsidycompanies that introduce a well-

Note (a) Only selected incentive policies are listed here full details can be obtained from and are subject to the Investment Service Bureau of Xuanwu District Nanjing


Featured sector III ndash retail and services

Changjiang Road No 9



Xinjiekou Central Economic Area - by the end of 2008 the first phase of Deji Plaza (shopping bull Xinjiekou is located in the centre mall) and Landmark Square (office of Nanjing As one of the top ten building) was completed Projects street malls in China its daily under construction include the average customer flow is around second phase of Deji Plaza and 400000 to 500000 people During Kairun Golden City Mansion It is the holidays this figure increases to

more than 1 million (1)(2) estimated that a total of 1 million m2 of commercial and office

- over 30 large and medium space will be completed by commercial enterprises each 2011 (3)

occupy more than 10000 m2 at Xinjiekou (3) - top international brands including

Louis Vuitton Versace Dior bull Xinjiekou Xuanwu Section is located Bvlgari and Coach have opened

at the northeast side of Xinjiekou stores in Deji Plaza (first phase)Central Economic Area and covers 1 km2 (3) - ldquoThe second phase of Deji Plaza

includes a Ritz-Carlton Hotel and bull Xinjiekou Xuanwu Section is a Marriott Xuanwu District will

focused on developing as a ldquohigh be the first choice for business end CBD and retail areardquo attracting people in the futureldquo mdash KPMG top international brands Integrated interview with Xinjiekou office with neighbouring Zhujiang Road Nanjing Peoplesrsquo Municipal Sci-Tech Park and Changjiang Road Government of Xuanwu DistrictCultural Area Xinjiekou aims to be

bull Companies located in Xinjiekou a leading trade and business area in Xuanwu Section are shown belowEastern China and the top CBD in

Nanjing

Deji Plaza (3)

Sector Company Location

Finance and Insurance

Bank of Jiangsu

Landmark SquareHang Seng Bank

Taiping Life Insurance Company

Cathay Life Insurance Co Ltd Huijie Square

China Life Insurance CompanyLife Insurance

Companyrsquos Mansion

Logistics

Panalpina (China) Co Ltd Deji Plaza

Mediterranean (Hong Kong) Co LtdHuijie Square

Maersk Logistics

E-commerce Maersk Logistics Huijie Square

Sources (1) ldquoXinjiekou ranked third among top ten Chinese Business Streets rdquo 25 March 2005Nanjing Daily Newspaper (2) ldquoCustomer volume reaches the level of international top grade business streetsmdashXinjiekou gets the national

award againrdquo 15 January 2007 wwwlonghunet (3) Investment Service Bureau of Xuanwu District Nanjing (4) KPMG interview and analysis

Xinjiekou Central Economic Area




3 Investment in Xuanwu

bull Labour resources and costs

bull Infrastructure and costs

bull Business and living facilities

bull Investorsrsquo feedback

Cost is an important concern for investors Xuanwu District offers an advantage over other locations with regard to labour supply and business and living facilities



Plentiful labour supply bull According to interviews KPMG conducted with Xuanwu bull There are 41 universities 216 enterprises currently some middle schools 30 technical schools specialist resources may need to be and 434 vocational schools in recruited from outside Nanjing Nanjing Annually around 300000

local graduates enter the labour In 2008 the average annual salary marketin Nanjing was around CNY 31000

bull Employee recruitment is conducted bull The Nanjing Municipal government through job centres and direct

has published indicative salaries advertising Contract procedures are for 2008 we present a selection straightforward but the following below The typical salary offered points should be notedby FIEs for the same positions has

- the Labour Law and Labour been listed as well for reference Contract Law are the main legal based on information from local documents governing labour recruitment professionalsrelations in China and apply to all

bull All companies are required by the companies in the PRC including government to contribute to a range Foreign Invested Enterprises of benefits on behalf of employees (FIEs)including pensions unemployment

- major terms regarding contract insurance and medical insurance signing and termination include Total employment costs therefore

include both the basic salary and bull all labour contracts must be in social welfare benefitswriting- the level of contribution is based bull probationary periods should not

on a percentage of salary and exceed six monthsis set by the local authorities

bull generally speaking if an These non-salary costs in Nanjing employer or an employee amount to between 396 percent terminates an employment and 403 percent (depending on contract they must provide the industry) on top of the base either 30 days notice or pay salaryone monthrsquos salary in lieu of notice

Labour resource and costs

Position Average salary(a) (CNY) Indicative FIE salary(b) (CNY)

Finance manager 38000 75000-110000

Sales manager 34000 NA(c)

HR manager 34000 65000-100000

IT software technician 72000 90000-110000

Electrical engineering technician 39000 78000-120000

Accountant 27000 50000-80000

Notes (a) Data are summarised based on research conducted by Nanjing Labour and Social Security Bureau regarding the average salary in 2007 of 37000 employees from 500 enterprises

(b) The indicative FIE salary is estimated based on typical salary levels indicated in interviews with local recruitment professionals

(c) Salary levels vary widely from industry to industry and depend on individual circumstances

Sources (1) ldquoNanjing Enterprises Indicative Salaries 2008rdquo (2) Investment Service Bureau of Xuanwu District Nanjing (3) Manpower Nanjing Co Ltd (4) KPMG interview and analysis

Social welfare contribution rates in Nanjing in 2008

Company()

Pension 21

Basic medical insurance premium 85

Housing fund 8

Unemployment insurance premium 1

Staff and workerrsquos injury insurance premium 04-11

Maternity insurance 07

Total 396-403

Note In Nanjing the maximum basic monthly salary subject to social welfare benefit is CNY 8115 and the minimum is CNY 1369



University Middle School

TechnicalSchool

Vocational School

0

50

150

100

200

Figure 6Number of new graduates in Nanjing 2008

Note The maximum basic monthly salary subject to social benefit is CNY 8115 and the minimum is CNY 1369 in Nanjing


0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury

Unemployment insuranceHousing fund

Basic medical insurancePension

Total salary and social

welfare benefits

2583 62207

220

542 3614

CNY

Figure 7Employment cost borne by companies(using Nanjing average salaries of 2008 as example)

Thou

sand

per

sons



Land and office buildings subway line (Refer to page 19 map of Xinjiekou) The buildings are relatively new (most Grade A FIEs can purchase land rights but buildings were completed after cannot own land2005)

bull In China land is all nationally-owned bull Kairun Golden City Mansion will and cannot be owned by individual

be completed in 2009 including a companies However a company 34780 m2 office area and 24700 can pay the local government to m2 commercial area The second obtain land use rights normally for phase (three hotels) of Deji Plaza a term of 50 yearswill be completed by 2011 and

bull Land use rights transfer prices the third phase of Deji Plaza is in are decided by the government developmentaccording to the basic land price

bull The rent for office buildings in systemXuanwu District is similar to

- according to Chinese regulations that for buildings located for the land use rights can only be acquired neighbouring districts The rental through public bidding and auction rates for selected Grade A and

Grade B office buildings in Xuanwu A variety of Grade A and Grade B District are shown in the table office buildings in Xuanwu District below

bull Most Grade A and B office buildings in Xuanwu District are located near Xinjiekou and on the

Infrastructure and costs

Zhujiang No1

Xuanwu District Selected Grade A office buildings (February 2009)

Office building name Occupancy Indicative rental （CNYmonthm2 )

Management fee （CNYmonthm2）

Zhujiang No1 70 120-150 15

Landmark Square(a) 95 129 7

Peace Building 90 93 5

Deji Plaza 90 90 7

Nanjing Subway Building(b) 85 78-90 7

Notes(a) The rent-free period for Landmark Square ranges from 15 to 30 days and the standard lease period is from two to three years

(b) The lease period for Nanjing Subway Building starts from three years rent-free period is 30 days and may be extended by 15 to 30 days based on lease area

Sources(1) Investment Service Bureau of Xuanwu District Nanjing (2) Xinjiekou office Nanjing Peoplersquos Municipal Government of Xuanwu District

Xuanwu District Selected Grade B office buildings (February 2009)

Office building name Occupancy Indicative rental （CNYmonthm2）


Huijie Square 90 75 8

New World Center 90 51 39

Future City 85 51 3

Huangpu Building 85 42-48 41

Dongding Building 90 45 3

Note The rent-free period for Grade B office buildings ranges from 15-30 days and the standard lease period starts from three years

Sources (1) Investment Service Bureau of Xuanwu District Nanjing (2) Xinjiekou office Nanjing Peoplersquos Municipal Government of Xuanwu District



Communication Utilities

bull Telephone options include fixed bull According to KPMG interviews line mobile phones and Internet with a number of companies in the Protocol (IP) services For a detailed Xinjiekou economic area they have price list please refer to the utilities not experienced limited access to and communication cost section in electricity or power cuts during the the Appendix summer peak time

bull There are three types of internet bull For the utilities rates please refer access digital data network (DDN) to the utilities and communication local area network (LAN) and ADSL cost section in the AppendixFor a detailed price list please refer to the utilities and communication cost section in the Appendix

Utilities and communication

Case studyMonthly utilities and communication charges of a company in a Grade A office building in the Xinjiekou economic area

Sector Business services

Staff Around 110

Rented area 1700 m2

Utilities fee (water electricity) CNY 8500month

Communication charge（including telephone and internet） CNY 5000month

Sources (1) KPMG interview and KPMG analysis (2) Investment Service Bureau of Xuanwu District Nanjing



Travel and hotels

Nanjing is well-connected to other major cities in China by air and by rail

bull Nanjing Lukou Airport is located 36 kilometers southeast of the

Business and living environment

city centre Most cities in eastern central and southern China are within two hours flying time

bull Express train is a popular mode of transportation for business people traveling to Beijing and Shanghai

Domestic travel by air (February 2009)

DestinationIndicative ticket price

（CNY）Flying time Frequency of flights per

week

Beijing 1010 1 hour 50 minutes 12

Guangzhou 1180 2 hours 12

Shenzhen 1380 2 hours 8

Hong Kong 4100 2 hours 20 minutes 3

Note Economy class full priceSource Nanjing Yinyan Air Ticketing Centre

Nanjing Railway Station (2)

A variety of housing options are Convenient inner-city travelavailable in Nanjing bull Nanjing also has extensive bus bull Nanjing has 12 five-star hotels 20 services with fares of CNY 2 per

four-star hotels and 64 three-star trip on an air-conditioned city bus hotels The daily rate for a five-star and CNY 1 on an ordinary bushotel (standard room) ranges from

bull There are nearly 10000 taxis in CNY 1600 to 1800 discounts of

Nanjing A flat rate of CNY 9 is 30 to 50 percent may be offered

charged at all times for the initial 3 bull Long-term expatriate residents in kilometres followed by CNY 24 per

Nanjing may choose an apartment kilometre during daytime and CNY For example 27 per kilometre at night

- a four bedroom 145m2 bull The monthly cost of leasing a car apartment in the Plum Blossom (5-seater sedan including a driver) is Resort (downtown area) is around CNY 10000 (a)

CNY 5000 per month a three bedroom 160m2 apartment in Jinling Imperial Park is CNY 4000 to 5000 per month

Travel to Shanghai and Beijing by express train (February 2009)


（CNY）Travel time

Beijing 274580 8 hours

Shanghai 90112 2 hours - 2 hours 30 minutes

Notes CNY 274 is the price for a second class seat CNY 580 is the price for a first class sleeper CNY 90 and CNY 112 are the prices for second class and first class seats respectively

Source wwwhuochecomcn

Note (a) Petrol not included Sources (1) KPMG interview and KPMG analysis (2) Investment Service Bureau of Xuanwu District Nanjing



Education and Healthcare Shopping and leisure

Nanjing has one international Nanjing has plenty of shopping school and many other schools and entertainment venuesopen to overseas students bull Nanjing is home to many national bull Nanjing International School opened and multinational retail chains

in 1996 It is a member of the including Suguo Jinrunfa Carrefour Association of China and Mongolia Metro Auchan Beijing Hualian and International Schools (ACAMIS) and Lotusset up a teaching plan according bull Nanjing Zhongshan International to the curriculum published by Golf Club has an international IBO (International Baccalaureate standard 18-hole golf course and Organisation) Currently the school a nine-hole floodlit golf course has approximately 435 students Sofitel Zhongshan International Golf

bull In addition to Nanjing International Hotel (five-star plus) clubs and an School there are 30 other primary international conference centre and middle schools open to The club was co-designed by Gary overseas students For example Player EDSA Beltcollins and WATGNanjing Foreign Language School bull The entire area around Nanjingrsquos and Nanjing 21st Century Bilingual famous Confucius Temple School consists of a series of tea houses

restaurants and snack bars all Hospitals and clinics provide both done up in Ming and Qing style basic and specialised medical care architecture Qinhuai snacks one bull Nanjing has 622 hospitals and of four Chinese traditional snacks

community healthcare facilities with groups is a Nanjing specialitya total of 27500 beds including 13 disease prevention and control centres and 13 women and children service centres Nanjing has more than 36000 medical professionals

bull Four healthcare institutions provide specialised services to the expatriate community with a special ldquogreen channelrdquo for expatriates with English services They are Jiangsu province Hospital the Drum Tower Hospital BenQ Hospital and International SOS Medical Clinics

Southeast University




KPMG visited a number of companies that have already invested in Xuanwu District They provided us with feedback on their investing experience

Investorsrsquo feedback

in Xuanwu District and why they chose this district as their investment destination

Nanjing city and Xuanwu District bull ldquoThe government provided a government agencies were seen good platform for communication as supportive within the industry It also helped

us in terms of financing The bull ldquoDuring the pre-opening period government was active in delivering Xuanwu District government has outsourcing information to help us shown active support and enabled growrdquo- Jiangsu Golden Thinking our company with access to a Information Technology Co Ltdguaranteed power supply It also

provided guidance regarding the bull ldquoThe government helped us during business license application and the challenging start-up phase was efficient during the approval through tax reduction exemption process The government provided and subsidyrdquo- Nanjing 1912 practical assistance on car parking Investment Group Co Ltdand securityrdquo - Nanjing Luoke

bull ldquoWe were invited to join in the Forum Catering Co Ltd (Ah Yat recruitment events in the US Abalone)organised by the government

bull ldquoIt only took six months from The government also assisted planning and construction to our us in resolving the ldquoHukourdquo and opening ceremony as a result of education issues of our employeesrsquo high efficiency and support from dependants Our annual meeting Xuanwu District government The normally hosts nearly 2000 people government provided assistance and the government helped make on the fire control and lightening sure it ran smoothlyldquo ndash Simcereprotection etc after the opening of the businessrdquo - Golden Eagle City Shopping Centre

Government Affairs Hall (2)

Company

Company name Year of establishment Sector

Nanjing Jia Teng Wei Xin Software Co Ltd 1992 Software development

Simcere 1995 Pharmaceuticals

Jiangsu Golden Thinking Information Technology Co Ltd 2000 Software development

Nanjing 1912 Investment Group Co Ltd 2005 Business real estate

Jiangsu Simlink Information Systems Ltd 2006 Software development

Nanjing Luoke Forum Catering Co Ltd（Ah Yat Abalone） 2007 Restaurant

Golden Eagle City Shopping Centre 2007 GroceryRetail

Sources (1) KPMG interviews and analysis (2) Investment Service Bureau of Xuanwu District Nanjing



Sufficient labour supply with high- facilities especially shopping calibre candidates entertainment and medical system

are fine for themrdquo - Nanjing Luoke bull ldquoHigher education and research Forum Catering Co Ltd(Ah Yat institutions are centralised in Abalone)Nanjing and as a result talent

is centralised as wellrdquo - Jiangsu bull rdquoOur top level employees recruited Golden Thinking Information from overseas are satisfied with Technology Co Ltd the living and ancillary facilities

in Nanjing Compared with junior bull ldquoThe main factor for choosing staff the turnover rate of top Nanjing was the advantage of its level employees is relatively lowldquo labour supply and local universities ndash Simcereprovide a large workforceldquo - Nanjing

Jia Teng Wei Xin Software Co LtdRegional advantage

bull ldquoThe current labour supply can bull Nanjingrsquos location makes it an meet our growth requirementsrdquo -

important logistics centre The Nanjing Luoke Forum Catering Co Shanghai-Nanjing Railway passes Ltd (Ah Yat Abalone)through the YRD and the Beijing-

bull rdquoLabour supply is sufficient as Shanghai Railway connects to the nearly one third of the most northern citiesldquo - Simcereprestigious universities and

bull rdquoOne of the reasons we chose colleagues are located in Nanjingldquo Nanjing was its location and ndash Simcereconvenient transportation networkldquo ndash Jiangsu Golden Thinking

Ancillary facilitiesInformation Technology Co Ltd

bull ldquoAccording to feedback from our Hong Kong employees the living

Nanjing 1912 (2)




4 Appendix

bull Registration procedures for establishing FIEs

bull Utilities and telecommunications costs

bull List of useful contacts in Nanjing Xuanwu District



Registration procedures for establishing FIEs

Company files a letter of intent confirming the investment

Project approval

Approval of contracts and Articles of Association

Application for national organisation code

Application for Approval Certificate

Customs registration

Registration for Business License

20 working days

3 working days

17 working days

3 working days

10 working days

Opening of bank accounts

Registration with Tax Bureau

Foreign exchange registration

Note The diagram above sets out the typical expected procedures for establishing an FIE in Nanjing Xuanwu District companies should allow time to prepare required documents such as application form feasibility study report contracts and Articles of Association and audit reports prior to starting the registration process The Investment Service Bureau of Xuanwu District will assist companies to follow the registration process via a one-stop service The indicative working days shown for each stage represent the maximum time period required by the administrative regulations




Utilities and telecommunications costs

Charges for utilities in Nanjing February 2009

Utilities Charges (CNY) Utilities Charges (CNY)

Water Gas

Residential use 25tonneLiquefied gas

Residential use 11m3

Electricity Commercial use 15m3

Residential use 052KWHNatural gas


Commercial use 0884KWH Commercial use 3m3


Telephone charges (CNY) February 2009

Local call Domestic call International call

Fixed line 022 for the first 3 minutes and 011 thereafter

07minute

04minute from 10 pm to 7 am

HK Macau Taiwan 2minute


Other countries and regions 8minute


Mobile 04minute

Free for incoming calls

07minute HK Macau Taiwan 2minute


IP phone (Dial 11808) NA 199 for first 45 minutes and 04minute thereafter


HK Taiwan 199minute plus local call charges for the first 10 minutes and 15minute thereafter


US Canada and Singapore (to mobile and fixed line)

299minute plus local call charges for the first 10 minutes and 24minute thereafter


UK France Germany Italy Australia Japan and South Korea (to fixed line)



Sources (1) Investment Service Bureau of Xuanwu District Nanjing (2) Nanjing Telecom Co Ltd

Monthly rental for DDN (CNY) February 2009

Speed Local connection within Nanjing

Domestic connection outside Nanjing

128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800

Note DDN refers to Digital Data NetworkSources (1) Investment Service Bureau of Xuanwu District Nanjing (2) Nanjing Telecom Co Ltd

Monthly rental for LAN and ADSL (CNY) February 2009

Speed LAN ADSL

2M bits 900 900

4M bits (dynamic) 1200 1200




Notes (1) LAN refers to Local Area Network (2) ADSL refers to Asymmetric Digital Subscriber LineSources (1) Investment Service Bureau of Xuanwu District Nanjing (2) Nanjing Telecom Co Ltd



List of useful contacts in Nanjing Xuanwu District

Investment Promotion Bureau of Nanjing Xuanwu District

Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345

Address No455 Zhujiang Road

Postcode 210018

Website httpwwwnjxwzscom

Zeng Liping

Assistant to Bureau Chief

Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345

E-mail zenglipingmailxwzfgovcn

Other government contacts

Development and Reform Bureau Construction Bureau

Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199

Website httpfgjxwzfgovcn Website httpxwjsjxwzfgovcn

Commerce Bureau Labour and Social Security Bureau

Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055

Website httpswjxwzfgovcn Website httpldjxwzfgovcn

Science and Technology Bureau Education Bureau

Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110

Website httpkjjxwzfgovcn Website httpwwwxwjycn

Culture Bureau Real Estate Administrative Burearu

Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180

Website httpwhjxwzfgovcn Website httpfcjxwzfgovcn

Tourism Bureau Health Bureau

Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465

Website httplyjxwzfgovcn Website httpwsjxwzfgovcn

Civil Affairs Bureau

Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014

Website httpxwmzxwzfgovcn

About KPMG

KPMG is a global network of experience and local knowledge makes professional firms providing Audit Tax us well-positioned to serve our clients and Advisory services We operate in in this increasingly complex but 144 countries and have 137000 people exciting market working in member firms around the

Our single management structure for world

all our China offices allows efficient KPMG China has 12 offices (including and rapid allocation of experienced KPMG Advisory (China) Limited) in professionals wherever the client is Beijing Shenyang Qingdao Shanghai located in China The flexibility of this Nanjing Chengdu Hangzhou single structure allows us to effectively Guangzhou Fuzhou Shenzhen Hong serve companies across China Kong SAR and Macau SAR with more and we have many projects where than 8500 professionals professionals from different offices

work together on a work engagement In 1992 KPMG became the first

under the supervision of a single international accounting firm to be

nominated client partner who has granted a joint venture licence in China

operational control of all resources and our Hong Kong SAR operations have been established for over 60 years Our business in China has established since 1945 This early commitment industry groups helping enable to the China market together with targeted industry-specific experience our unwavering focus on quality has and methodologies to be delivered been the foundation for accumulated where needed For our clients this industry experience and is reflected focus on industry and country-specific in our appointment by some of the knowledge helps us deliver exceptional Chinas most prestigious companies people with an intimate knowledge of

specific business issues as well as an As China businesses join the global

overriding commitment to strive for the economy and international companies

highest quality services seek to enter the China market KPMGs blend of international

Contact us

KPMG China

William Gong Senior Partner Nanjing Tel +86 (25) 8691 2999 williamgongkpmgcomcn

Louie Choi Senior Partner Eastern amp Western China Region Tel +86 (21) 2212 3801 louiechoikpmgcomcn

Chris Ho Partner Corporate Tax Tel +86 (21) 2212 3406 chrishokpmgcomcn

Jeffrey Wong Partner Transaction Services Tel +86 (25) 8691 2900 jeffreywongkpmgcomcn

Honson To Partner Financial Advisory Services Tel +86 (21) 2212 2708 honsontokpmgcomcn

Thomas Stanley Partner Commercial Due Diligence Tel +86 (21) 2212 3884 thomasstanleykpmgcomcn

Chengdu18th Floor Tower 1 Plaza Central 8 Shuncheng AvenueChengdu 610016 ChinaTel +86 (28) 8673 3888Fax +86 (28) 8673 3838

Nanjing46th Floor Zhujiang No1 Plaza1 Zhujiang RoadNanjing 210008 ChinaTel +86 (25) 8691 2888Fax +86 (25) 8691 2828

Guangzhou38th Floor Teem Tower 208 Tianhe RoadGuangzhou 510620 ChinaTel +86 (20) 3813 8000Fax +86 (20) 3813 7000

Fuzhou25th Floor Fujian BOC Building136 Wu Si RoadFuzhou 350003 ChinaTel +86 (591) 8833 1000Fax +86 (591) 8833 1188

Shenzhen9th Floor China Resources Building 5001 Shennan East RoadShenzhen 518001 ChinaTel +86 (755) 2547 1000Fax +86 (755) 8266 8930

Shanghai50th Floor Plaza 66 1266 Nanjing West RoadShanghai 200040 ChinaTel +86 (21) 2212 2888Fax +86 (21) 6288 1889

Hangzhou8th Floor West Tower Julong Building9 Hangda RoadHangzhou 310007 ChinaTel +86 (571) 2803 8000Fax +86 (571) 2803 8111

Beijing8th Floor Tower E2 Oriental Plaza1 East Chang An AvenueBeijing 100738 China Tel +86 (10) 8508 5000Fax +86 (10) 8518 5111

Qingdao4th Floor Inter Royal Building 15 Donghai West RoadQingdao 266071 ChinaTel +86 (532) 8907 1688Fax +86 (532) 8907 1689

Shenyang27th Floor Tower E Fortune Plaza 59 Beizhan RoadShenyang 110013 ChinaTel +86 (24) 3128 3888Fax +86 (24) 3128 3899

wwwkpmgcomcnwwwkpmgcomhk

Hong Kong8th Floor Princersquos Building 10 Chater RoadCentral Hong KongTel +852 2522 6022Fax +852 2845 2588

Macau24th Floor BampC Bank of China BuildingAvenida Doutor Mario Soares MacauTel +853 2878 1092Fax +853 2878 1096

copy 2009 KPMG Huazhen a Sino-foreign joint venture in the Peoplersquos Republic of China and a member firm of the KPMG network of independent member firms affiliated with KPMG International a Swiss cooperative All rights reserved Printed in the Peoplersquos Republic of China

KPMG and the KPMG logo are registered trademarks of KPMG International a Swiss cooperative

Publication date May 2009

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity Although we endeavour to provide accurate and timely information there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation

Contents

Preface

Chapter 1 Nanjing at a glance 5

Chapter 2 Development of Xuanwu District 10

Chapter 3 Investment in Xuanwu 20

Chapter 4 Appendices 28

Additional copies of this report may be obtained from

KPMG China

Shanghai office Nanjing office

50th Floor Plaza 66 46th Floor Zhujiang No1 Plaza

1266 Nanjing West Road 1 Zhujiang Road

Shanghai 200040 China Nanjing 210008 China

Tel + 86 (21) 2212 2888 Tel + 86 (25) 8691 2888

Fax + 86 (21) 6288 1889 Fax + 86 (25) 8691 2828

wwwkpmgcomcn
























Preface





Xuanwu Lake (7)






















City introduction


Zhongshan Gate (3)













Purple Mountain (6)




























2005 2006 2007 200820040

50

100

150

200

250

300

350400


CNY

billi

on



District Nanjing



32

Southeast Asia11

Europe10

South Kore6

USA4

Japan3

Others34





























Xuanwu Lake (3)

0

5000

10000

15000

20000

25000

30000



CNY


































Nanjing Library (2)




















2005 2006 2007 200820040

5

10

15

20

25

30

CNY

billi

on

59

7

31

21












Key industries







































































































Ltd (3)


Nanjing 1912 (2)

Mingchenghui (2)































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China















































Preface





Xuanwu Lake (7)






















City introduction


Zhongshan Gate (3)













Purple Mountain (6)




























2005 2006 2007 200820040

50

100

150

200

250

300

350400


CNY

billi

on



District Nanjing



32

Southeast Asia11

Europe10

South Kore6

USA4

Japan3

Others34





























Xuanwu Lake (3)

0

5000

10000

15000

20000

25000

30000



CNY


































Nanjing Library (2)




















2005 2006 2007 200820040

5

10

15

20

25

30

CNY

billi

on

59

7

31

21












Key industries







































































































Ltd (3)


Nanjing 1912 (2)

Mingchenghui (2)































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China













































City introduction


Zhongshan Gate (3)













Purple Mountain (6)




























2005 2006 2007 200820040

50

100

150

200

250

300

350400


CNY

billi

on



District Nanjing



32

Southeast Asia11

Europe10

South Kore6

USA4

Japan3

Others34





























Xuanwu Lake (3)

0

5000

10000

15000

20000

25000

30000



CNY


































Nanjing Library (2)




















2005 2006 2007 200820040

5

10

15

20

25

30

CNY

billi

on

59

7

31

21












Key industries







































































































Ltd (3)


Nanjing 1912 (2)

Mingchenghui (2)































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China




































Purple Mountain (6)




























2005 2006 2007 200820040

50

100

150

200

250

300

350400


CNY

billi

on



District Nanjing



32

Southeast Asia11

Europe10

South Kore6

USA4

Japan3

Others34





























Xuanwu Lake (3)

0

5000

10000

15000

20000

25000

30000



CNY


































Nanjing Library (2)




















2005 2006 2007 200820040

5

10

15

20

25

30

CNY

billi

on

59

7

31

21












Key industries







































































































Ltd (3)


Nanjing 1912 (2)

Mingchenghui (2)































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China



















































2005 2006 2007 200820040

50

100

150

200

250

300

350400


CNY

billi

on



District Nanjing



32

Southeast Asia11

Europe10

South Kore6

USA4

Japan3

Others34





























Xuanwu Lake (3)

0

5000

10000

15000

20000

25000

30000



CNY


































Nanjing Library (2)




















2005 2006 2007 200820040

5

10

15

20

25

30

CNY

billi

on

59

7

31

21












Key industries







































































































Ltd (3)


Nanjing 1912 (2)

Mingchenghui (2)































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China














































Xuanwu Lake (3)

0

5000

10000

15000

20000

25000

30000



CNY


































Nanjing Library (2)




















2005 2006 2007 200820040

5

10

15

20

25

30

CNY

billi

on

59

7

31

21












Key industries







































































































Ltd (3)


Nanjing 1912 (2)

Mingchenghui (2)































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China





















































Nanjing Library (2)




















2005 2006 2007 200820040

5

10

15

20

25

30

CNY

billi

on

59

7

31

21












Key industries







































































































Ltd (3)


Nanjing 1912 (2)

Mingchenghui (2)































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China









































2005 2006 2007 200820040

5

10

15

20

25

30

CNY

billi

on

59

7

31

21












Key industries







































































































Ltd (3)


Nanjing 1912 (2)

Mingchenghui (2)































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China



























Key industries







































































































Ltd (3)


Nanjing 1912 (2)

Mingchenghui (2)































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China









































































































Ltd (3)


Nanjing 1912 (2)

Mingchenghui (2)































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China





















































Nanjing

Deji Plaza (3)



Bank of Jiangsu






Logistics



Maersk Logistics






























HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China
















































HR manager 34000 65000-100000



Accountant 27000 50000-80000






Company()

Pension 21


Housing fund 8




Total 396-403





TechnicalSchool

Vocational School

0

50

150

100

200




0

500

1000

1500

2000

2500

3000

3500

4000

Basic salary

MaternityInjury




welfare benefits

2583 62207

220

542 3614

CNY


Thou

sand

per

sons












Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China



































Zhujiang No1




Zhujiang No1 70 120-150 15



Deji Plaza 90 90 7










Future City 85 51 3













Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China
































Staff Around 110

Rented area 1700 m2






Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China


























Travel and hotels









week













































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China














































Company























Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China





































Nanjing 1912 (2)




4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China


























4 Appendix








Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China




























Project approval






20 working days

3 working days

17 working days

3 working days

10 working days











Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China





























Water Gas











07minute






Mobile 04minute


















128 Kbits 2000 2500

256 Kbits 2500 3200

512 Kbits 3800 5200

1 Ms 5000 7500

2 Ms 6000 800



Speed LAN ADSL

2M bits 900 900










Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China




























Tel +86 (25) 8368 2345

Fax +86 (25) 8368 2345


Postcode 210018


Zeng Liping


Tel +86 (25) 8367 7077

Fax +86 (25) 8368 2345




Tel +86 (25) 8368 2312 Tel +86 (25) 8623 5199

Fax +86 (25) 8368 2312 Fax +86 (25) 8623 5199



Tel +86 (25) 8369 3552 Tel +86 (25) 5771 5055

Fax +86 (25) 8321 7729 Fax +86 (25) 5771 5055



Tel +86 (25) 8368 2267 Tel +86 (25) 8455 0110

Fax +86 (25) 8368 2186 Fax +86 (25) 8455 0110



Tel +86 (25) 8367 6583 Tel +86 (25) 8466 3180

Fax +86 (25) 8367 6301 Fax +86 (25) 8466 3180



Tel +86 (25) 8378 1078 Tel +86 (25) 8368 2465

Fax +86 (25) 8368 1078 Fax +86 (25) 8368 2465



Tel +86 (25) 8368 2014

Fax +86 (25) 8368 2014


About KPMG











Contact us

KPMG China
























About KPMG











Contact us

KPMG China
























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