Sino-Belgian Business Survey: Results & panel Discussion, 15 March 2012, 20h00, Living Tomorrow, Vilvoorde
Feb-27-2012 By : Gwenda
The Chinese economy outperformed most economies with its 9% growth last year. But how well did our Belgian companies perform in China? What are the greatest opportunities and threats that lie ahead of us? Through the results of 15 simple yet crucial questions we took the temperature of the Sino-Belgian business conditions.
The results of the survey will be shared with you through a panel discussion with a number of Sino-Belgian industry leaders. These panel members already confirmed their presence:
Herman Van de Velde, CEO Van de Velde
Dirk Vyncke, Chairman Vyncke Clean Energy Technology
Ivan Van de Cloot, Chief Economist Itinera Institute
Geert Defieuw, Director Intellectual Property & Education Umicore
This event is organized by Moore Stephens Verschelden, the Flanders-China Chamber of Commerce and Flanders Investment & Trade.
Programme:
19:30 – 20:00 Welcome and registration
20:00 – 20:45 Presentation results of the survey and panel discussion
20:45 – 21:00 Q & A
21:00 – 22:00 Networking reception
This meeting will take place at Living Tomorrow, Indringingweg 1, 1800 Vilvoorde. Register by sending an e-mail to info@flanders-china.be before 12 March 2012. After subscribing you will receive a confirmation by e-mail. Participation fee for FCCC members: €30, non-members: €45.
Flanders-China Chamber of Commerce change of address
By : Gwenda
As from March 1, 2012, the Flanders-China Chamber of Commerce temporarily moved its offices to Voldersstraat 5, 9000 Gent. Our new telephone numbers are:
T : +32 9 264 84 86/82
F : +32 9 264 69 93
This change takes place In the framework of the China-platform, which is a cooperation between Ghent University, the Province of East Flanders and the Flanders-China Chamber of Commerce. Both are also structural partners of the FCCC.
Hannover Messe 23-27 April: Partner Country China, exciting opportunities for FCCC members
By : agxadmin
The Flanders-China Chamber of Commerce, through its membership of the EU China Business Association, is offering an exclusive opportunity to participate in Hannover Messe from 23-27 April.
Hannover Messe is a leading global trade fair embracing the whole spectrum of technological and engineering expertise from around the world. China is the Partner Country this year – hence our involvement.
FCCC members can benefit from a range of first-class opportunities as a co-exhibitor on the joint DCW-EUCBA stand ‘Doing Business with China’ to high-profile sponsorship and speaking opportunities in a number of China-related events, including “Invest in China” and “EU-China Business & Technology Forum”. An opportunity is available to sponsor the overall programme and gain even higher profile. Please contact DCW (see flyer) to explore this.
Click HERE for the flyer and complete information, including registration and contact details. Please note all enquiries should be sent directly to DCW.
China Information Session: Assignments from China to Belgium and vice versa: Update on immigration and social security aspects, Tuesday 21 February 2012, Antwerp
By : agxadmin
The Flanders-China Chamber of Commerce organized, in cooperation with Deloitte and the Port of Antwerp, an information session on the aspects of immigration and social legislation. The focus was on the posting of Chinese nationals to Belgium and vice versa.
Mr Erwin Vandervelde, and Mr Matthias Lommers, who are Partner and Senior Manager at Deloitte, gave us an update on the important international mobility issues for Chinese and European nationals.
The meeting was concluded with a question and answer session and a networking reception in the Museum aan de Stroom (MAS). More than 50 participants attended this interesting event.
Pictures of the event are online at the FCCC website.
Chinese banks report record-high 2011 net profits
By : agxadmin
Chinese banks reported record-high net profits in 2011. According to data from the China Banking Regulatory Commission (CBRC), Chinese commercial lenders had a net profit of more than CNY1 trillion in 2011, an increase of 36.3% from the year before. They also reported net interest income of CNY2.15 trillion in 2011, up by 29.3% from the year before, and their non-interest income increased by 46.3% to CNY514.9 billion. Lenders’ total assets reached CNY88.4 trillion by the end of 2011, up 19.2% from a year earlier. Chen Yongjie, Deputy Secretary of the China Center for International Economic Exchanges, said Chinese banks’ net profit per capita is 12 times as large as that of manufacturers. Although commercial banks still enjoy high profits, their rate of increase has fallen below what it had been in previous years, said Guo Tianyong, Director of the Central University of Finance and Economics’ Research Center. “In 2005 and 2006, banks had a profit growth rate of between 50% and 60%,” Guo said. The amount of non-performing loans (NPLs) increased in the fourth quarter. By the end of 2011, the non-performing loan ratio stood at 0.96%, up by 0.01 percentage point from the third quarter. In the fourth quarter, the amount of outstanding bad loans increased by CNY20.1 billion. UBS Securities Co earlier predicted that Chinese banks will face a capital shortfall of more than CNY220 billion in 2012 and will need more than CNY295 billion in 2013. Local media reported that publicly listed lenders may raise more than CNY100 billion through equity financing this year. Banks’ average capital adequacy ratio (CAR) reached 12.7% by the end of the year, 0.55 percentage point higher than a year earlier and 0.39 point higher than three months ago. Liu Ligang at ANZ Banking Group said banks brokered fewer loans than expected in the first 15 days of February. That, he said, was the chief reason the central bank reduced the reserve requirement ratio (RRR).
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