Shanghai Investment Promotion Conference – 24 June 2014 – Kortrijk
May-26-2014 By : agxadmin
A conference on investment opportunities in Shanghai, Shanghai Fengxian European SME Industry Park and Shanghai Jinshan Zhujing Industry Park, is organized by the Flanders-China Chamber of Commerce (FCCC), VOKA West-Flanders, the Shanghai Foreign Investment Development Board, Shanghai Fengxian European SME Industry Park and the Shanghai Jinshan Zhujing Industry Park.
In this conference you will learn about the current investment environment in Shanghai and preferential policies available for SMEs. You will also get a chance to meet with senior level delegates that can give you practical advice on how to do business in China.
The conference will take place on Tuesday 24 June 2014 at 17h30 at Sandton Hotel Broel, Broelkaai 8, Kortrijk.
The programme:
17h00
- Registration
17h30
- Welcome: Mrs Gwenn Sonck, Executive Director, Flanders-China Chamber of Commerce and by Mr Hans Maertens, Managing Director, VOKA – Chamber of Commerce West-Flanders
17h45
- Presentation on the investment environment and policy in Shanghai by Mr Tao Dong, Vice President, Shanghai Foreign Investment Development Board
- Presentation on the Shanghai Fengxian European SME Industry Park by Representative Fengxian
- Presentation on the Shanghai Jinshan Zhujing Industry Park by Representative Jinshan, Zhujing
19h00
- Exchange of views and walking dinner
The meeting is organized with the support of Flanders Investment and Trade.
If you are interested in attending this event, please register online before 17 June 2014. Registration is free of charge.
Recent Developments in Doing Business in China and Hong Kong – 3 June 2014 – Gent
By : agxadmin
Horsten International, KBC and Tritas Consulting, with the support of the Flanders-China Chamber of Commerce (FCCC), are organizing a seminar on Recent Developments in Doing Business in China and Hong Kong on 3 June 2014 at Seminariecentrum Nieuwgoed, Grotesteenweg Zuid 8 in Gent.
The programme is as follows:
13:30 – 14:00
- Registration
14:00 – 14:30
- Olivier Dubois & Elain Liu, Partners Tritas Consulting (www.tritasconsulting.com) Update on the new Hong Kong company ordinance: challenges and opportunities; Changes to China’s new company law: welcoming signs for new investors
14:30 – 15:00
- Jo Vander Stuyft, General Manager KBC Hong Kong (www.kbc.be) Financing your business in China and the role of Hong Kong
15:00 – 15:20
- Bart Horsten, Managing Director Horsten International (www.horsten.be) Case study BIOBEST: how a manufacturing SME structured its business in China via Hong Kong
15:20 – 15:40
- Testimonial: Koen Berghmans, Director Corporate Finance and Controlling, Ahlers Group Belgium (www.ahlers.com)
15:40 – 16:00
- Q&A
16:00 – 17:00
- Networking reception
This seminar will be held in Dutch.
More information on the venue is available at www.nieuwgoed.be
Registration fee: €30 (VAT excl.)/person for FCCC members and for non-members €50 (VAT excl.)/person. Register by sending your contact details by e-mail to info@horsten.be before 30 May 2014.
Nomura JV set up in Shanghai FTZ
By : agxadmin
Nomura Holdings will establish a joint venture in the China (Shanghai) Pilot Free Trade Zone with three local companies. Shanghai Nomura Lujiazui Investment Management Co will be a consolidated subsidiary of Nomura Holdings with registered capital of CNY30 million. The Tokyo-based company will be the first asset management company to set up shop in the 28-square-kilometer FTZ. Nomura will have a 60% stake in the company, while Shanghai Lujiazui Financial Holdings Co and Lujiazui International Trust, two affiliates of the state-owned Shanghai Lujiazui Development (Group) Co, will have a combined 30%. Shanghai Jiu You Equity Investment Fund Management will own the remaining 10%. The joint venture will provide information on financial markets and products to financial institutions in the Shanghai FTZ. According to a report by Guotai Junan Securities, China’s personal asset management market ranks third largest worldwide, with an estimated size of USD16.5 trillion and annual growth of 25%. The new Nomura joint venture will not be allowed to directly sell financial products to Chinese clients, but observers say it can help Nomura familiarize itself with the Chinese market so as to promote its sales via partners. By the end of April, a total of 20 foreign banks had filed to set up branches in the FTZ. Among them, 10 banks, including Citibank and HSBC Holdings, have already opened for business. “Financial reform in the Shanghai FTZ advances steadily, and there are more innovations in the pipeline,” said Tu Guangshao, Vice Mayor of Shanghai.
Approval process for foreign investment relaxed
By : agxadmin
China will relax the approval process for foreign companies planning to invest in the country, while strengthening national security reviews, the National Development and Reform Commission (NDRC) announced. From June 17, China will adopt a system of “limited approval” and “general registration” instead of the existing “all-round approval” mechanism. All planned investment projects by foreign firms, excluding those required by the “Foreign Investment Industrial Guidance Catalogue” to have Chinese stakes, need only registration before proceeding. Projects listed among the first to 11th items in the 2013 catalogue still need to obtain government approval, the NDRC said. Under the new regulation, all investment projects exempt from approval can go through the registration process with local authorities, and some of the projects needing NDRC approval can directly apply for approval from local authorities. While relaxing the approval process generally, the Chinese authorities will incorporate national security reviews into the country’s management system for foreign investment projects, the Shanghai Daily reports.
Chinese companies’ overseas investments rising
By : agxadmin
Chinese companies’ investment in Europe reached USD7.2 billion in the first quarter of this year. Agriculture was the most targeted sector by Chinese investors, led by Cofco’s USD2.9 billion acquisition of 51% of Netherlands-based Nidera. Chinese companies are increasingly pursuing opportunities in higher value-added industries such as manufacturing, automotive, IT and telecommunications. During the first quarter of this year, Chinese investment in Europe exceeded the USD5.5 billion for the whole of last year, according to Mergermarket, an international publisher of information on mergers and acquisitions (M&As). It outpaced the USD5.5 billion of U.S. investments in Europe. China accounted for 11.6% of total investments in Europe in the quarter, a big jump from 2.9% last year. In America, Chinese firms spent USD1.36 billion on 26 deals in the quarter, with the number of acquisitions reaching an all-time quarterly high, according to a report by the Rhodium Group, a U.S. consultancy. The U.S. industries attracting the most Chinese investment were healthcare, real estate and IT. The biggest Chinese deal in the U.S. during the first quarter was the USD290 million acquisition by Chinese medical device firm MicroPort Scientific of Wright Medical Group’s OrthoRecon business. More than USD8 billion worth of Chinese deals in the U.S. are pending, including two potential mergers and acquisitions in IT equipment worth more than USD5 billion. Chinese investments in the U.S. totaled more than USD14 billion last year. Chinese investments in America exceeded U.S. investments in China for the first time in 2012. Chinese firms now employ more than 70,000 Americans, a sharp increase from barely 10,000 in 2007, the South China Morning Post reports.
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