{"id":33112,"date":"2006-01-20T22:57:47","date_gmt":"2006-01-20T14:57:47","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2006\/01\/20\/mainland-threshold-lowered-for-hong-kong-and-macao-travel-agencies\/"},"modified":"2006-01-20T22:57:47","modified_gmt":"2006-01-20T14:57:47","slug":"mainland-threshold-lowered-for-hong-kong-and-macao-travel-agencies","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2006\/01\/20\/33112\/","title":{"rendered":"Mainland Threshold Lowered For Hong Kong And Macao Travel Agencies"},"content":{"rendered":"<p><img decoding=\"async\" height=\"60\" src=\"http:\/\/www.chinahospitalitynews.com\/images\/cnta_logo.gif\" width=\"61\" align=\"right\">The China National Tourism Administration (CNTA) and the Ministry of Commerce of China have jointly announced rule changes regarding setting up a foreign travel agency in the Chinese mainland.<\/p>\n<p><!--more--><\/p>\n<p>The two agencies have decided to lower the threshold for Hong Kong and Macao travel service providers who want to set up companies in the mainland.<\/p>\n<p>The new rule requires travel agencies from Hong Kong and Macao who establish an independent travel service in the mainland to make no less than US$25 million travel revenue each year and those who set up joint ventures with mainland counterparts no less than US$12 million. <\/p>\n<p>The amount previously was RMB500 million and US$40 million, respectively.<\/p>\n<p>The rules do not allow Hong Kong and Macao travel agencies to provide outbound travel services from the mainland, so the local travel agencies still enjoy many more advantages.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The China National Tourism Administration (CNTA) and the Ministry of Commerce of China have jointly announced rule changes regarding setting up a foreign travel agency in the Chinese mainland.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-33112","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=33112"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/33112\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=33112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=33112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=33112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}