Wong MNC Center

MNCs in the News-2018-09-07

International Monetary Fund (IMF) calls China’s investment and service trade environment “very restrictive.” US tariffs and environmental rules severely constrain Chinese firms, creating space for Japanese chemical firms. Muji pondering moving HQ from the United Kingdom (UK) due to tax and trade complications flowing from Brexit. New South Korea government penalty scheme relating to recalled vehicles following BMW’s massive recall raises trade secret loss anxieties among South Korean firms. Meeting between high-ranking Hyundai official and Indian Prime Minister Moti leads Hyundai to promise a leading role in helping develop India’s electric vehicle industry.

MNCs in the News-2018-08-24

China cannot rely on United States (US) business community in China to pressure Washington to temper the current trade war. Foreign companies’ desire to take full control of their securities and financial management companies in China may be impeded by the US-China trade war. US-China trade war forces foreign companies in China at the lower-end of the value added chain to consider all kinds of new strategies. Chinese outward foreign direct investment (FDI) in 2018 rises by 14.1 percent in dollar terms over the same seven month period in 2017. Nissan to deepen its China ties due to uncertainties in the US as well as in Europe relating to Brexit. Daiwa Securities will move to set up majority owned securities unit in China due to the revision of foreign ownership stake limits. South Korea to investigate foreign companies over their practices to protect customer data. South Korea Innovation begins construction of electric vehicle battery factory that will be the first JV involving a Chinese automaker and a foreign battery maker.

MNCs in the News-2018-08-17

China’s Ministry of Commerce (MOFCOM) reported that inward foreign direct investment (FDI) over the first seven months of 2018 grew 5.5 percent year-over-year (YOY) with strong growth in inward FDI (IFDI) in high-tech industries. MOFCOM noted that there was major growth in IFDI from countries such as the United Kingdom (UK), South Korea, and Japan over the first seven months of 2018 YOY. Hundreds of Google employees raise concerns internally about the firm’s plans to produce a censored search engine for China. China National Petroleum Corporation (CNPC) takes over Total’s stake in Iran’s South Pars Phase II project as Total must abandon it due to re-imposition of United States (US) sanctions. Japanese regulators investigating Apple over allegations that it unfairly pressured Yahoo Japan to slow the expansion of online games platform. Japan makes economic cooperation with the Indo-Pacific region a diplomatic priority in attempt to counter China’s Belt and Road Initiative. South Korea places ban on over 20,000 BMWs after more than 30 engines caught fire this year due to faulty hardware. South Korean Prime Minister calls for increased cooperation with Qatar especially in infrastructure projects.

MNCs in the News-2018-08-10

Shenmei Energy effort to invest in United States (US) solar power plants blacks out over opposition by Committee on Foreign Investment in the US (CFIUS). Expanding Chinese investment in Bangladesh generates increasing anxieties and opposition in India. Japanese minister says Donald Trump administration’s tariff plans could stall Japanese investment in State of Indiana. MUFG Bank doubles stake in Indonesia’s Bank Danamon after having gained approval from Indonesian financial authorities. Incheon Free Economic Zone facing biggest crisis since establishment in 2003 as it continues to fail to attract FDI. After various investment offers including from Korea’s Lotte Chemical, Pakistan Chemical Manufacturers Association urges government to include chemical industry in first 100 days plan.

Wong MNC Center Co-Organizes and Co-Sponsors Conference entitled “Coping with Global Backlash”

The Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations (Wong MNC Center) is co-organizing and co-sponsoring the “Coping with Global Backlash” Conference at the University of California Berkeley (UC Berkeley) in October 2018. The two-day event, which runs from October 18 to 19, is hosted by the UC Berkeley Asia Pacific Economic Cooperation Study Center (BASC), Center for Long Term Cybersecurity, Clausen Center, and IEAS, which also are event co-organizers and co-sponsors.

Executive Director Jean-Marc F. Blanchard Gives Speech at “2018 June 20th (2018) China Venture Capital & Private Equity Forum”

Dr. Jean-Marc F. Blanchard, the Executive Director of the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations (Wong MNC Center), gave a keynote speech on June 10 at the 20th China Venture Capital & Private Equity Forum in Shenzhen, China at a panel that considered how to enhance business, scientific and technical, and other forms of cooperation in the Guangdong-Macao-Hong Kong (China) Greater Bay Area (粤港澳大湾区). During his presentation entitled “Soft Aspects of Solidifying a ‘Greater Bay Area,’” Dr.

Executive Director Jean-Marc F. Blanchard gives speech at 2018 April 18 UNIDO Conference

On April 18, 2018, Dr. Jean-Marc F. Blanchard, Executive Director of the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations gave a speech at a United Nation's Industrial and Development Organization (UNIDO) conference (in Shanghai, China) entitled "Fostering Inclusive and Sustainable Industrial Development (ISID) in the New Silk Road Economic Belt: Leveraging potentials of Industrial Parks, Zones, and Cities." The title of Dr.

Executive Director Jean-Marc F. Blanchard gives keynote speech at 2nd Silicon Valley-Beijing Internet of Things Summit

On January 13, 2018, Dr. Jean-Marc F. Blanchard, Executive Director of the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations (Wong MNC Center) gave a keynote speech at the 2nd Silicon Valley-Beijing Internet of Things Summit & Investment and Financing Competition on a panel entitled “Design for Manufacturing.” The title of Dr. Blanchard’s speech was “The Political Environment Surrounding Chinese Expansion in Silicon Valley.” In his remarks, Dr.

Wong MNC Center "The Political Economy of China's Maritime Silk Road Initiative (MSRI), Africa, and the Middle East" Conference a Big Success

On November 18 and 19, 2017, the "Political Economy of China's Maritime Silk Road Initiative (MSRI), Africa, and the Middle East" conference was held in Shanghai, China. The conference, orchestrated and co-sponsored by the Mr. & Mrs. S.H.

Peter J. Buckley, Ph.D., joins the Wong MNC Center Advisory Board

Peter J. Buckley, Ph.D. has joined the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations as an Advisory Board member. Dr. Buckley is a world renowned international business scholar with a specialization in Chinese business. He is Professor, Founder and Director of the Business Confucius Institute, and Founder and Director of the Centre for International Business, all at the University of Leeds (UK). He was appointed Officer of the Order of the British Empire (OBE) in 2012 and is an elected Fellow of the British Academy. He earned his Ph.D.

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