JPMorgan (China) intends to assume full ownership of all its mainland China operations by 2021 to take advantage of China’s financial sector opening. Chinese regulators approve United States (US) credit card firm Mastercard Inc.’s application to establish a bankcard clearing house joint venture. Peter Navarro urges the US to reduce…
Tag: OFDI
February 10, 2020
China’s Ministry of Commerce pushes Chinese Chambers of Commerce to provide force majeure certificates to Chinese firms struggling to meet their contractual obligations due to disruptions caused by the coronavirus crisis. Wuhan Institute of Virology move to apply for a patent to use United States (US) firm Gilead’s remdesivir to…
February 1, 2020
The coronavirus is affecting the operations of numerous multinational corporations (MNCs) in China, though many remain hopeful about the longer-term and are not overreacting. The former Chairman of China’s Sinopec opined that Chinese foreign direct investment (FDI) in sensitive areas and big deals would be avoided due to the contemporary…
January 20, 2020
China’s tax system has been improving and there are hopes this will boost inward foreign direct investment (FDI). Goldman Sachs contemplates major expansion of employees in mainland China if China’s financial sector opening continues and it can take full ownership of its securities joint venture (JV). JPMorgan moves to increase…
January 13, 2020
China Banking and Insurance Regulatory Commission (CBIRC) makes it yet easier for foreign banks to set up and expand in China. China’s Ministry of Resources moves to lubricate the way for greater foreign direct investment (FDI) in energy exploration and extraction in China. Chinese outward FDI in North America and…
December 30, 2019
European countries like Germany, the United Kingdom, and Norway have been struggling over the extent to which they should use equipment and services and accept foreign direct investment (FDI) from Chinese telecommunication firms. The United States has played no small role in fueling these actors’ quandaries by warning loudly and...
December 15, 2019
UIBE Institute of International Economy 2019 Foreign Direct Investment (FDI) report recommends China do more to enhance the business environment for FDI such as allowing the market to play a greater role in the allocation of resources. Chinese government orders all government offices and public institutions to remove foreign computer…
December 10, 2019
Per Chinese media, the Chinese government is on the verge of promulgating its “unreliable entities” list which will identify foreign companies that may be subject to sanctions. Beijing municipality moves to open its service sector to a wide variety of firms, though limitations will remain in some areas. Pledged foreign…
December 3, 2019
Recently, foreign pharmaceutical makers such as AbbVie, AstraZeneca, Novartis, Sanofi, and Roche slashed the prices of a large number of drugs sold in China, the world’s second largest drug market. They cut prices far below their prices in the United States (US) and elsewhere so Beijing would put these drugs...
November 26, 2019
China’s National Development and Reform Commission (NDRC) and Ministry of Commerce (MOFCOM) issues new negative list for market access. Despite trade war with United States (US) and slowing economic growth, China witnesses solid inward foreign direct investment (FDI) flows for 1st 10th months of 2019. FDI in China’s insurance sector…
