Foreign-funded Banks Approved to Handle Renminbi Business

Four Foreign-funded Banks took the lead to receive approval in China to handle Renminbi business lor Chinese enterprises. China's banking industry has made a significant step in opening up to the outside world.The four banks were Hongkong Shanghai Banking Corporation (HSBC), Japan's Mi/uho Bank Shanghai Branch, U.S. Citibank Shanghai Branch and Hong Kong-hased Bank of East Asia Shanghai Branch.On February 13, a Chief from the China Banking Regulatory Commission (CBRC) said, the CBRC announced on December 1, 2003 that in the light of a commitment to the World Trade Organization (WTO), overseas banks could lend Chinese Yuan to Chinese companies after receiving approval. This provided new opportunities for overseas banks to de-     

International Tourism Promotes "Cross Border Prosperity

While numerous international tourists come visit China each year, more and more Chinese are traveling overseas. From the Opera House in Sydney to the Pyramid in Egypt, tourists from China are more conspicuously seen than before.     

Chinese M＆A,Opportunities ＆ Risks

Recently, the cases of Chinese enterprises＇ merger and acquisition are emerging in multitude. It is believed that M＆A will provide opportunities for China enterprises to go global and act in the global economic environment. China enterprises also want high margin profits that are accessible in Western Europe and North America. Judging from the current situation, many companies are not short of money, the banks can also provide a large-scale lending for Chinese companies＇ overseas M＆A. So, the overseas M＆A is feasible in the current circum-stance.     

Provisional Regulations for Foreign Businessmen to Run Investment Companies in China

With a view to encouraging foreign investors to invest in China, and importing overseas advanced technology and management, expertise, foreign investors are permitted to run investmentnature companies (hereinafter referred to as investment co.) in China in accordance with the Chinese related foreign investment laws, decrees, rules and the Regulations.     

Create New Brands, Achieve New Leaders

The Fourth Annual Conference Of Excellent Overseas Chinese Business Elites ＆ The Second Award Ceremony to Top 100 Overseas Chinese Investors were held in Beijing from December 13 to 15. Worid Eminence Chinese Business Association and China International Economic Cooperation society co-organized the grand feast for the overseas Chinese all around the world.     

Chinese Outbound Travel Booms

Nowadays,outbound travel has become commonplace in China.The world tourism market is witnessing a rapid increase of Chinese tourists. Around the world,major tourist destinations have seen surging numbers of Chinese visitors in recent years.In 2010 alone,57.39 million Chinese traveled abroad,spending US$48 billion overseas,according to the China Tour-     

Overseas Chinese Entrepreneurs： Second Force of Chinese Economy

Most of the foreign-funded enterprises in China are in fact funded by overseas Chinese. They have made indelible contributions to China＇s remarkable economic achievement. Their pioneering spirit has already been written into the glorious annals of China＇s economic development!     

Overseas Chinese Entrepreneurs: Second Force of Chinese Economy

Most of the foreign-funded enterprises in China are in fact funded by overseas Chinese. They have made indelible contributions to China‘s remarkable economic achievement. Their pioneering spirit has already been written into the glorious annals of China‘s economic development!……     

Canada: An Ideal Place for Outbound Investment

In recent years, bilateral investment between China and Canada has become more and more active. According to the report on overseas investment of Chinese enterprises released by China Council for the Promotion of International Trade (CCPIT)at the 4th Chinese Enterprise Outbound Investment Conference, Chinese overseas investment is displayingan increasing trend, with the strength of Chinese enterprises and overseas investment rapidly growing.     

Grasp Golden Opportunity to Work Out Economic Blueprint

Thousands of outstanding Chineseentrepreneurs will gather in Nanjing forthe 6th World Chinese EntrepreneursConvention this autumn to exchangeviews on current business trade andeconomy.Playing an active role in the interchange of China and the worldeconomy, Chinese entrepreneurs havemade great contributions to China'seconomic development. Thanks to thesupport and cooperation of many overseas Chinese, a flourishing economyhas grown robustly since 1978. Theamount of foreign investment absorbe…     

Belgium,Eager for Chinese Investment

April 17, 2007 was the 36th anniversary day of the diplomatic relations between China and Belgium. According to the press conference by Belgium Embassy in China, in June, Belgium Prince Philippe will visit China, accompanied by a large Belgium trade and commercial delegation. For years, with the continuous development of China-EU economic and trade relations, the European countries have showed great concern on the Chinese economic development. Meanwhile, more and more Chinese enterprises have managed to walk out and seek the overseas development.     

CULTURE

China emerges as popular destination for overseas students China is emerging as a popular des- tination for overseas students, with their numbers on the rise in the last three years, the People's Daily reported on September 2. A total of 195,000 students from 188 countries and regions came to study at 544 Chinese universities, colleges and research institutes in 2007, said the Beijing-based newspaper. This compared with 141,000 stu- dents from 179 countries and regions in 2005.     

Olympics Are Opening up China—— Interview with Charles Lagrange,Representative from the EUCCC

＂Recent deals are demonstrating China＇s willingness to invest in overseas markets instead of passively receiving FDI. This is potentially a winwin scenario; a great amount of Chinese companies are not satisfied with selling their products only in China So in that sense, I believe the greatest benefit of hosting the Olympics is showing that China wants to become a big player on the international scene.＂     

NPC ＆ CPPCC in Foreign Officials Eyes

NPC ＆ CPPCC was closed in Beijing on March 13, during the two sessions, not only Chinese but the overseas kept a close watch on the two annual sessions, the proposals covering all fields of China development, for instance, to improve the people＇s livelihood, to perfect citizen＇s health care system, and to stimulate domestic demand. Our journalists also invited some foreign officials in China to comment on the event. During the interview, they paid close concern on the two sessions that it is favorable to access China＇s policies; so that they could convey the policy to the companies willing to invest in China or do business with Chinese companies. The officials were interested in the issues such as the ＂stimulus package＂, the reforms related to the democratization process, the environment protection, and the economic policy for foreign companies.     

The 8th Rational Congress of Returned Overseas Chinese and Their Families Convened in Beijing

On July 14,2009,1026 overseas Chinese circle delegates from all over China and 347 overseas Chinese guests from abroad and 3500 overseas Chinese in Capital Beijing gathered together in the Great Hall of the People,attending the opening ceremony of the 8th National Congress of Returned Overseas Chinese and Their Families.At 9 o'clock,Lin Jun,Chairman of the 7th Committee of All-China Federation of Returned Overseas Chinese declared the Congress open.     

Securities Investment Rules to Change

Formally ineligible holding companies of foreign financial institutions can now invest in Chinese securities firms, thanks to a regulation under revision that aims to open the door to overseas investors. Before China Securities Regulatory Commission made this move, only foreign financial corporations - not their parent companies - were authorized to invest in Chinese securities firms.     

Overseas Chinese Entrepreneurs: Second Force of Chinese Economy

Most of the foreign-funded enterprises in China are in fact funded by overseas Chinese. They have made indelible contributions to China's remarkable economic achievement. Their pioneering spirit has already been written into the glorious annals of China's economic development!     

Private Enterprise to Be Dynamic Force of Future Overseas M&A

It means a lot of risks for Chinese enterprises to get involved in overseas merger and acquisitions.A new regulation enacted recently by the Chinese government requires state-owned companies not to purchase overseas business assets unrelated to their major business.Some companies thus felt worried that they would not be allowed to engage into any type of overseas merger and acquisitions.Ms.Shu Ya,IMAP director who is in charge of overseas M&A affairs of the Chinese enterprises,commented that such kind of regulations intend not to limit Chinese companies' overseas M&A strategy,but to encourage them to make headway into the global M&A market.     

Survey on Current Conditions and Intention of Outbound Investment by Chinese Enterprises

In order to collect more precise information about the overseas investments made by Chinese enterprises in 2009 and their future investment plans, China CounciL for the Promotion of International Trade （CCPIT） has carried out the fourth ＂Survey on Current Conditions of and Intention for Outbound investment by Chinese Enterprises＂ between December 2009 and March 2010. The objective of the survey is to collect in-depth information about the intentions and problems concerning the overseas investments of Chi- nese enterprises,     

Procedures for the Establishment of Representative Offices of Foreign Enterprises

With the adoption of the policy of reform and opening to the outside world, more and more foreign enterprises (including overseas Chinese, Hongkong and Macao ones) wish to establish permanent representative offices in China. In order to help foreign businessmen understand the rules and regulations and the procedures relating to the establishment of representative