Other Briefings
Shanghai Expo 2010: The Singapore Pavilion
The 2010 World Exposition in Shanghai will be the first registered one in a developing country. Officially known as “Expo Shanghai 2010,” it will last 184 days and provide China an opportunity to show off its remarkable economic growth. The expo will also give foreign nations and companies a chance to further develop business partnerships […]
China Remembered: The Silver Russian Samovar at Beijing Capital Airport
By Chris Devonshire-Ellis Aug. 14 – It’s a sunny afternoon along a peaceful country road in north-east Beijing. Poplar trees and silver birch line the road, red-billed magpies, resplendent in blue feathers dive amongst the trees, and the occasional horse and cart trot by along the two lane tarmac. Traditional northern Chinese houses, with angled […]
Pudong Issues Rules on Foreign Invested Equity Investment Enterprises
SHANGHAI, Aug. 14 – Pudong New Area authorities have just issued guidelines for foreign private equity companies opening in the area. According to the circular, foreign-invested equity investment management enterprises (FIEIMEs) can establish offices in the following forms: contractual joint venture; equity joint venture; or wholly foreign-owned enterprise. Registered capital for is pegged at a […]
Visas May be Difficult to Obtain After September 15
SHANGHAI, Aug. 14 – Businessmen planning to visit China in the early–mid autumn period are advised that visas may be difficult to obtain for dates after September 15 due to the government’s 60th founding anniversary on October 1. The restrictions are likely to be in force for about four to six weeks. Foreigners residing in […]
Bank of East Asia Declares Interest in Shanghai Listing
SHANGHAI, Aug. 14 – Hong Kong’s third largest bank, the Bank of East Asia has declared interest in listing in Shanghai following news earlier this week that HSBC is also set to list in the city next year. BEA’s deputy chief executive, Brian Li, made the comments yesterday in Taiwan following a ceremony to rename […]
HSBC’s Shanghai Listing to Kick Start Financial Reforms
By Chris Devonshire-Ellis Aug. 13 – HSBC’s proposed listing next year in Shanghai is likely to have an extreme knock on effect in terms of accounting standards on the mainland, and is also likely to herald a move to a fully convertible RMB. China has long been wary of foreign banks operating in China, not […]
WTO Rules Against Chinese Import Limits
Aug. 13 – The World Trade Organization (WTO) has ruled in favor of the United States on its complaint that China’s distribution restrictions on imported reading materials, audiovisual home entertainment products, DVDs, sound recordings and movies violated international free trade rules. The ruling indicates that China has yet to totally comply to the rules it […]
HSBC Set to List in Shanghai
By Chris Devonshire-Ellis Aug. 12 – HSBC is set to list their operations on the Shanghai stock market in a move that would see them return to their roots. The bank was founded by Thomas Sutherland in 1865 in Hong Kong and Shanghai and was called the Hongkong and Shanghai Banking Company Limited. It financed […]
