Allianz

MNCs in the News-2019-11-22

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 shows notable developments in 2019. All-China Federation of Returned Overseas Chinese encourages overseas Chinese businesspeople to get involvement in China’s Belt and Road Initiative (BRI). Japan’s Diet passes new investment law that tighten review criteria for inward FDI. Japanese firms may not see worse repercussions from Japan-South Korea political frictions. South Korea Fair Trade Commission (FTC) to create special task force to examine potential unfair business practices by domestic and foreign technology companies. Korea will leverage Korea-ASEAN 2019 Smart City Fair to promote Korean business involvement in smart city development.

Dr. Jean-Marc F. Blanchard's picture

Chump Change? The risks of Banking on financial sector opening in China

China has long assured others of its intent to open up its financial sector. While it has never been entirely clear what this means, many have expected China not just to let in more foreign companies, but also to let them hold greater ownership stakes in their China operations and conduct more lines of business.