EYESHENZHEN  /   Business  /   Industry News

Workstation helps firm expand production

Writer: Xia Yuanjie  |  Editor: Ye Shangqing  |  From: Shenzhen Daily  |  Updated: 2022-07-12

With the guidance of Shenzhen’s foreign-invested company service workstation, Hong Kong-funded Yaneng BIOsciences (Shenzhen) Co. Ltd. has enjoyed the city’s fresh incentives by adding another manufacturing branch to its existing business license without having to register for a separate license.

The move enables Yaneng to scale up production while avoiding extra management overheads, according to the company.

Yaneng, a national high-tech enterprise and a leading manufacturer of HPV genotyping test reagent in China, faced a shortage of manufacturing sites due to growing market demand for its products.

To balance between an increase in production capacity and cost savings, the company requested help from the workstation, an institution that was jointly established by the municipal commerce bureau and industry associations to provide overseas companies with policy consultations and subsidy application guidance.

Joining hands with the city’s market supervision and regulation department, the workstation guided Yaneng to apply for adding a new locality to its existing business license.

According to the “one license, several locations” policy, if a Shenzhen-incorporated commercial entity establishes additional branches, the commercial entity may merely add the branches’ information to its current business license, rather than applying for a separate license.

Yaneng thus applied to add the new manufacturing location to its current business license via the websites of the provincial medical products administration and the municipal market supervision and regulation bureau, respectively.

Yaneng’s new branch for R&D and manufacturing is expected to be put into use in the near future. The overseas-invested company will continue taking on new market opportunities in Shenzhen that possesses a sound business environment and accessible government services, company executives said.