CCB

MNCs in the News-2015-07-24

China’s utilized foreign direct investment (FDI) in first six months of 2015 increases significantly over the same period in 2014. Chinese Ministry of Commerce (MOFCOM) expects solid FDI inflow results for 2015. China’s move to create incentives for traditional gas-powered hybrids may open opportunities for foreign car companies in China. Chinese outward FDI is on a path to exceed inward FDI. Tsinghua Unicom’s pursuit of Micron raises all kinds of anxieties. Chinese FDI dominates Myanmar investment scene. U.S. Federal Reserve Bank requires China Construction Bank to shape up it anti-money laundering rules. China’s Industrial and Commercial Bank of China promises to help Kenya realize new gains. Japan’s Mitsubishi Materials apologizes for use of slave laborers during Second World War and reports suggest it may offer compensation. Japan Tobacco International faces opposition in Taiwan to massive plan investment proposal. Indonesia remains Southeast Asia’s premier FDI destination, but faces challenges in reaching 2015 targets. Thailand attracts more investment projects in July, but value of investment falls

MNCs in the News-2015-01-09

BMW agrees to give China car dealers RMB 5.1 billion in subsidies to address dealer concerns. China’s Ministry of Commerce (MOFCOM) terminates 17 rare earth mineral export quotas. Li Keqiang to attend Davos Forum for the first time in six years. Shanghai Husi lashes out at Shanghai Food and Drug Administration. China promises US $250 billion in investment in Latin America over next 10 years. China Construction Bank (CCB) wins branch license from the UK Prudential Regulation Authority and Financial Conduct Authority. Honda slapped with US $70 million fine by US National Highway Transportation Safety Administration. Sony’s satire “The Interview” (about North Korea) proves to be a success on the Internet despite hacker threats. US FBI states there is strong evidence that North Korea was guilty of cyber attack against Sony. FDI into Korea in 2014 jumped due to free trade agreements and government policy initiatives. Korea Trade Investment Promotion Agency to step up efforts to realize government inward foreign direct investment goals for 2015.