new foreign investment law

MNCs in the News-2020-01-10

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 Europe plummeted in 2019 for multiple reasons. China ranked as Cambodia’s largest source of FDI in 2019. Japan’s Financial Service Agency (FSA) is preparing a guidebook on the registration process for investment management, investment advisory, and related businesses to boost Tokyo’s status as a financial capital. Iranian action against United States (US) troops in Iraq led various Japan companies to send staff out of Iran and limit travel to Iran and/or Iraq. Korea’s inward FDI in 2019 dropped notably versus the highs of 2018, though the second half of 2019 was relatively promising versus the 1st half. Korean construction firms have gone on high alert due to the tensions in the Middle East and the Korean government is mobilized to help such businesses.