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.
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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.
In an effort to better serve US-China Business Council (USCBC) member companies, USCBC has significantly increased full-time staff in its Beijing and Shanghai offices.
China’s leading economic planning body recently announced it had begun the initial research phase for the 13th Five-Year Plan (FYP)—the key social and economic policy blueprint for the 2016-20 period.
As China strengthens its enforcement of anti-unfair competition and antimonopoly regulations, and local media reports on investigations involving both foreign and Chinese companies, more and more executives are raising questions about what to expect—and how to respond to—investigations by local enforcement agencies like Administrations of Industry and Commerce (AICs).
Antimonopoly issues, including M&A reviews and pricing investigations, have garnered considerable attention by US stakeholders in recent months, due to widespread reporting on pricing investigations involving foreign companies and a November 2013 National Development and Reform Commission (NDRC)
