On May 28, the US-China Business Council (USCBC) hosted its annual China Operations Conference (CHOPS) in Beijing, featuring government and industry presentations on Sino-US commercial relations. US and Chinese government officials said that despite recent diplomatic tensions over cybersecurity, the economic relationship betwe
China Market Intelligence
China’s economic ascent has turned the Ministry of Commerce’s (MOFCOM’s) Antimonopoly Bureau—China’s merger control authority—into an increasingly influential actor in global M&A.
Foreign firms doing business in China could see some streamlining of investment approvals based on finalized National Development and Reform Commission (NDRC) regulations.
A new set of State Council measures released earlier this month lays out high-level goals and principles that provide an encouraging framework for economic and financial reforms, though details about the role of foreign investment continue to be vague.
China will limit the number of Initial Public Offerings (IPOs) listing on its Shanghai and Shenzhen exchanges to 100 in the second half of 2014, according to Xiao Gang, President of China Security Regulatory Commission (CSRC). Speaking at a May 19 conference, Xiao said that the listings will be spaced out evenly to ensure a similar number take place each month.
Chinese investment in the United States reached nearly $1.4 billion in the first quarter of 2014, according to new estimates released by Rhodium Group. Though overall investment slowed from Q1 2013, the number of M&A transactions hit a new high for the quarter—18 in total.
China’s top legislative body recently approved long-awaited amendments to the country’s Environmental Protection Law (EPL) that expand local governments’ ability to impose fines and increase the number of organizations that can file public interest lawsuits.
On April 14, all 40,000 workers of Yue Yuen Industrial, a Chinese shoe manufacturer that supplies American brands such as Nike and Adidas, went on a two-week strike that caused $27 million in direct losses to the Hong Kong-listed company.
US exports to China continue to contribute to US job and economic growth, with total exports reaching $120 billion in 2013.
In 2014, China’s quality, standards, and conformity assessment agencies plan to focus on initiatives that support reform by elevating the importance of China’s inter-ministerial joint conference mechanism for certification and accreditation—a body that aims to coordinate the formulation of China’s standards.