Other Briefings
Coke-Huiyuan Deal Still Under Review
Mar. 10 – The Chinese government is still reviewing Coca-Cola Co’s bid to acquire China Huiyuan Juice Group under the new anti-monopoly law, the Commerce Minister Chen Demin said in a press conference at the sidelines of the ongoing annual parliamentary meeting. Coca-Cola had filed the application for anti-trust approval in the country since December, […]
Advisor: Shanghai Should Have Clearing Bank
Mar. 3 – A political advisor and member of the 11th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) said that China will need to establish a clearing bank in Shanghai to help its growth as a global financial center. Ji Xiaohui told Xinhua: “Setting up a clearing bank is an important step […]
Shanghai Airlines to Raise RMB1 billion
SHANGHAI, Feb. 27 – Shanghai Airlines will raise a RMB1 billion capital injection through the private issuance of 222 million shares to Jinjiang International Holdings at RMB4.5 per share. The struggling airline has been in dire straits recently; a result of a weakening travel market, the airline announced last month that it expected their net […]
Jiangsu Province Stricter with FIE Registration
Feb. 27 – The State Administration of Foreign Exchange (SAFE) of Jiangsu Province is becoming stricter on rules regarding new foreign invested enterprises (FIE) to prevent abuse. In the past, local companies and individuals have been caught setting up offshore companies and using it to incorporate in China and take advantage of the benefits offered […]
Yangtze Ports Show Signs of Growth
Feb. 23 – Cargo passing through the Yangtze River ports increased in January, the first time after six months of decline. Industry sources told Xinhua that businesses on the river will not see a full recovery until the year’s second half. In January, major ports in the area reported that cargo throughput of 80 million […]
Foreign Direct Investment Drops by 32.7 Percent
Feb. 17 – The Ministry of Commerce reported that foreign direct investment declined by 32.7 percent in January to US$7.54 billion year on year. This is the fourth straight month that China reported slowing FDI rates. Last December, the FDI rate was 5.7 percent. Commerce ministry spokesman, Yao Jian attributed the steep decline to the […]
Shanghai to Begin RMB Settlement Trials
SHANGHAI, Jan. 24 – The local government said it is likely to participate in the second batch of yuan-settlement trials to deal with export slowdown and the instability of the U.S. dollar. Last December, the State Council announced it would use the Chinese currency yuan to settle trade payments in Guangdong province, the Yangtze River […]
Mainland Investors to Access Taiwanese Stocks Soon
Jan. 20 – Chinese mainland investors may soon be able to access Taiwanese stocks when bourses finalize cross-listing exchange traded funds (ETFs), says market experts. An agreement between the Shanghai and Taiwan bourses will be signed soon and this should be followed by talks on cross-listing ETFs. ETF products are ideal because its diversity carries […]
