Crown’s CEPA License Supports its Growth in China

Crown was awarded a Certificate of Approval by the Establishment of Enterprises with Investment of Taiwan, Hong Kong, Macau and Overseas Chinese in the People's Republic of China for its operations in China. The process took only a few weeks as Crown was able to obtain a license through CEPA (Closer Economic Partnership Agreement between mainland China and Hong Kong).

Earning this license will enable Crown to provide freight forwarding and logistics services through its wholly-owned subsidiary in Shanghai. It will allow Crown to freely choose best-in-class local partners, employ its own staff, operate its own facilities and establish direct contractual relations with customers. This certificate brings added value to customers, which already benefit from Crown’s large network in over 10 locations throughout China.

Jim Thompson Chairman, Crown Worldwide

Jim Thompson, Chairman, Crown Worldwide added “Crown Worldwide is proud to be a living example of a successful Hong Kong business. Establishing our office here exactly 35 years ago, we’ve seen our company grow steadily throughout this time. With the introduction of CEPA we are converting our representative offices in China to become full-fledged branches and we’ve just completed construction on a new state-of-the-art warehouse complex in Shanghai. We’re also opening another new Crown Relocations office in Macau. The aggressive development of the enclave has shed light on the full potential of our neighbor and we are already vigorously serving our clients there.

“Similar facilities will follow in other cities thereby confirming our commitment to serving our clients with utmost efficiency throughout the country. Today, we employ hundreds of people in the region and anticipate this growth to carry on well into the future. We are dedicated to maintaining Hong Kong as the central hub of Crown Worldwide’s ever-expanding international operations."