Information session: Financial incentives and investment funds for doing business with China – 12 September 2012, 15h – Offices of FIT, Brussels
Aug-27-2012 By : agxadmin
The Flanders-China Chamber of Commerce and Flanders Investment & Trade are organizing an information session focused on financial incentives and investment funds for doing business with China.
The session will present a view on investment funds available and which financial incentives are being offered. This seminar focuses both on Flemish companies wishing to expand in China and Chinese companies investing in Belgium.
This practical information session will take place on Wednesday 12 September at 15h at the offices of Flanders Investment & Trade, Gaucheretstraat 90, 1030 Brussels.
The programme is :
14h30 Registration
15h00 Welcome by Mrs Claire Tillekaerts, CEO, Flanders Investment & Trade
15h10 Introduction by Mrs Gwenn Sonck, Executive Director, Flanders-China Chamber of Commerce
15h20 “China-Belgium Investment Funds” by Mr Rik Daems, Senator, Chairman China-Belgium Investment Fund
15h50 “TINA: Transformation through Innovation, a multi-company approach”, by Mr Roald Borré, Business Manager, Investment Fund TINA, PMV
16h20 “Financial Support to companies” by Peter Bulckaert (Head of Department Finance & IT) / Yves Roekens (Head of financial incentives), Flanders Investment & Trade
16h35 Questions and answer session
16h45 Networking cocktail
If you are interested in attending, please subscribe online via the following link:
http://www.flanders-china.be/events_subscription1.asp?id_event=251&lang1=
Participation fee for FCCC Members: €45, for Non-Members: €65.
Lunch seminar: EU Business in China: Position Paper 2012/2013 – 18 September 2012, 12h00 – Résidence Palace, Brussels
By : agxadmin
The Flanders-China Chamber of Commerce (FCCC) is inviting its members the annual lunch seminar “EU Business in China: Position Paper 2012/2013”, which will take place on Tuesday 18 September 2012 at 12h at the Résidence Palace, Rue de la Loi/Wetstraat 155, 1040 Brussels. The seminar is organized by the European Union Chamber of Commerce in China (European Chamber) in collaboration with Business Europe and the EU-China Business Association (EUCBA), of which the FCCC is in charge of the secretariat-general. At this occasion, the European Chamber will present its European Business in China Position Paper 2012/2013.
Speakers:
Karel De Gucht, Commissioner for Trade, European Commission
Davide Cucino, President, European Union Chamber of Commerce in China
This is the 13th edition of this annual publication, which has grown in importance and stature to become a vital contribution from private business to the development of China and Europe-China relations. On the eve of a generational leadership transition, China’s economic model remains unstable, unbalanced, uncoordinated and unsustainable. China’s state capitalism has supported high-levels of growth for the last 3 decades. However it has reached the point in which bold reforms are needed in order to create the conditions whereby the drivers of innovation, productivity and efficiency will prevail.
The “EU Business in China: Position Paper 2012/2013” illustrates the perception of European business regarding the challenges to operate in the Chinese market. But it also wants to contribute by providing constructive recommendations on how China could move to a more balanced and sustainable economic model. Drawing on the industry knowledge and expertise of the European Chamber’s 1,700 member companies, this year’s Position Paper presents Chinese and European policy-makers with more than 600 key recommendations. Trade Commissioner Karel De Gucht will deliver a speech on the current climate of EU-China business and economic relations.
Agenda:
12h00 –13h00: Registration and buffet lunch
13h00 –13h15: Introduction by EU-China Business Association
13h15 –13h45: Presentation of the European Business in China Position Paper 2012/2013 by Mr Davide Cucino, President, European Union Chamber of Commerce in China
13h45 –14h00: Speech on EU-China business relations by Mr Karel De Gucht, European Commissioner for Trade
14h00 –14h15: Q&A
The participation fee is €85. Register online via following link:
http://www.flanders-china.be/events_subscription1.asp?id_event=250&lang1
China Low Carbon City Tour – September 15-19, 2012 – Beijing-Dezhou-Nanchang-Beijing
By : agxadmin
New energy is one of the seven Strategic Emerging Industries under China’s 12th Five Year Plan which receives favorite policy support from the central government. To decarbonize the economy and encourage the development of new energy industry and application, the government targets to have 11.4% non-fossil fuel based primary energy by 2015, and to shoot for 15% by 2020. The Climate Group’s 5th China Low Carbon City Tour focuses on new energy industry development and application. The tour will bring local and foreign business delegates and investors to two Chinese cities – Dezhou and Nanchang. The delegation will gain industry insights by meeting senior city government officials, as well as local business leaders. The tour will also include visiting local industrial parks and projects.
Key activities of the Low Carbon City Tour include:
- Visiting Dezhou Solar Exhibition, Dezhou Economic Development Zone, Solar Valley, Industrial Park, and selected industrial plants;
- Meeting with Dezhou Mayor and DRC officials;
- Visiting Nanchang Economic Development Zone and low carbon projects;
- Meeting with Nanchang Mayor, DRC officials, business and financial institutions on projects and development roadmap
All activities in Dezhou and Nanchang of the Low Carbon City Tour are free. The Dezhou government will cover all local expenditure including meals and accommodations. However, we will charge each participant CNY6,000 to cover round trip transportation from Beijing-Dezhou-Nanchang-Beijing. If participants are departing directly from Nanchang after the tour ends, the cost is CNY5,000.
For more information: Xue Yanyan, Senior Manager, The Climate Group, Tel: +86 10 6440 3639 (ext 8008), E-mail: yxue@theclimategroup.org
Government to probe triangular debt
By : agxadmin
The Chinese government has ordered a major probe into the level of debt owed between companies from the private and public sector, also known as “triangular debt”. Various ministries are involved in the investigation. From January to May, the turnover rate of receivables among state-owned enterprises stood at 4.9 times, 0.32 times lower than the same period of last year. Equipment manufacturers had suffered most in terms of payment defaults with both receivables and payables increasing “substantially”. The steel and coal industries are also severely affected. Among 1,437 listed companies that had published half-year results as of September 23, receivables stood at CNY803.9 billion by the end of June, up by 45% year-on-year. By March, receivables among industrial enterprises rose by 18% year-on-year to CNY7.12 trillion, accounting for 12.5% of outstanding loans, the highest level since 2009. Non-performing loans at Chinese banks increased for a third straight quarter to CNY456.4 billion by June, the longest deterioration in eight years.
European R&D investment in China lagging
By : agxadmin
The share of European Union companies’ R&D investment in China lags behind not only developed markets such as the United States and Canada, but also other emerging economies, such as India, said Dan Prud’homme, Business Manager of the Intellectual Property Rights Working Group at the European Chamber of Commerce in China. China accounted for only 2% of EU enterprises’ R&D spending outside their respective home countries in 2010, while investment in India accounted for 3%, according to the European Commission. Despite the struggling economy in Europe, European companies’ investment in R&D will increase by 4% annually from 2012 to 2014. The IPR environment is a concern, as it shows that European countries want to keep their high-end manufacturing products within Europe amid the woes of the recession, said Yao Ling, Associate Research Fellow at the Chinese Academy of International Trade and Economic Cooperation. European companies in China should have the same access to fiscal stimulus and other favorable measures as their Chinese counterparts, said Dirk Moens, the European Chamber’s Secretary General. The EU’s investment in China declined 2.7% year-on-year in the first seven months of this year, according to the Ministry of Commerce (MOFCOM). “The situation in Europe is difficult. That definitely to some extent has affected overseas investment,” Moens said, as reported by the China Daily.
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