Sixty-five percent of US-China Business Council (USCBC) member companies experience challenges with licensing and approvals to operate in the China market, according to USCBC’s 2017 Member Survey. Licensing and approvals rose to the second-most prominent challenge for US companies in the China market, behind competition with Chinese companies.
Wholly foreign-owned enterprise (WFOE) wealth management firms can now directly invest in the Chinese market as a result of new licensing reforms.
US and Chinese government officials are gearing up for the eighth annual Strategic and Economic Dialogue (S&ED) in early June in Beijing. Priority issues for negotiators regarding US industry include industrial overcapacity, investment liberalizations, intellectual property rights, and transparency.