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An eagle eye on China overseas investment:-
28 Apr 2018 – PetroChina International Corporation Ltd. to set up PetroChina International (Australia) Co. Ltd. 28 Apr 2018 – China Electronic Imports & Exports Corporation (CEIEC) to set up CEIEC Ecuador Co. Ltd. 28 Apr 2018 – Industrial & Commercial Bank of China (ICBC) to increase share capitals in ICBC (USA). 25 Apr 2018 – CITIC Construction Co. Ltd., through its subsidiary in Hong Kong, to set up CITIC Construction International (Thailand) Co. Ltd. in Thailand. 25 Apr 2018 – ICBC Financial Leasing Co. Ltd. to set up ICBC Aviation Financial Leasing Co. Ltd. in Hong Kong. 25 Apr 2018 - Industrial & Commercial Bank of China (ICBC) to open a branch office in Manila, the Philippines. 25 Apr 2018 - China Duty Free Group Co. Ltd. to increase capitals in China Duty Free Group (Cambodia) Co. Ltd. 25 Apr 2018 – COSCO Shanghai LNG Investment Co. Ltd. to acquire certain equity stakes of four single-ship companies of Mitsui O.S.K. Lines in Hong Kong. 25 Apr 2018 - China Huadian Corporation to set up China Huadian Financial (Hong Kong) Co. Ltd. in Hong Kong, and China Huadian Overseas Development 2018 Co. Ltd. in British Virgin Islands. 25 Apr 2018 – China Automobile Trading Co. Ltd. to increase share capitals in China Automobile Trading (Hong Kong) Co. Ltd. 25 Apr 2018 – Sinopec Group to turn the undistributed net profits of Sinopec Insurance Co. Ltd. into its registered capital. 25 Apr 2018 – CNOOC Enertech to increase share capitals in CNOOC Enertech International (Singapore) Co. Ltd. 25 Apr 2018 – Zhongnan Equipment Ltd. to set up Thailand Zhongnan Huatai Co. Ltd. in Thailand. 25 Apr 2018 - CNMC International Trading Co. Ltd. to increase share capitals in CNMC Xinqiao Trading Co. Ltd. 25 Apr 2018 - China Film Equipment Co. Ltd., APPOTRONICS and others are forming a joint venture company Barco CineAppo Ltd. in Hong Kong. 25 Apr 2018 - China Gezhouba Group Explosive Co. Ltd. to form a joint venture in Pakistan. |
Industry Snapshot
SpotlightArt Appreciation
A hat-hanger made of purple rosewood (Pterocarpus indicus), Qing Dynastry. Height 30cm, diameter 12 cm.
Courtesy of National Museum of China
Purple rosewood chair displaying western style and curve, Qianlong Era, Qing Dynasty. Height 110 cm, length 70 cm, width 65 cm.
Courtesy of National Meseum of China
What to watch
24 May 2018 – A vessel loading 50 TEUs of coffee and fertilizer set sail from Guangxi’s Qinzhou Port to Singapore last week, for the first time shipping Yunnan cargoes to Southeast Asia and further to America.
22 May 2018 – Several state firms signed cooperation agreements to invest in Gansu province, putting their expertise in building Gansu’s agricultural, energy and tourism. 21 May 2018 – A business matching session gathered a pool of 200 corporate representatives from Hong Kong and Guangdong interested in investing in Guangxi’s Beibu Gulf region. 21 May 2018 – Non-ferrous metal companies in Yunnan province have announced their first quarter results, showing stellar growths in sales and profits. 20 May 2018 – Guangxi Forestry Group Financial Assets Management Co. Ltd. and Guangdong Avi Low Carbon Technology Co. Ltd. have formed Guangxi Senjie Carbon Assets Management Co. Ltd. in Nanning, the first carbon trading platform in Guangxi Autonomous Region. 15 May 2018 – Qingdao, Shandong province is going to let small business loans grow towards the direction of revolving loans. 14 May 2018 – Nanning Railway Logistics Centre was opened in Nanning, Guangxi last week, expecting to put through 20 million tons of cargo a year. Up-dating China economics
Time: Jan-Apr 2018 Import & export of cargo: RMB9.11 trillion (+8.9% year-on-year) of which: - Export: RMB4.81 trillion (+6.4%) - Import: RMB4.3 trillion (+11.7%) - Import & export of cargo with "Belt and Road" countries and regions: RMB2.51 trillion (+11.6%) - Import & export of cargo done by private companies: RMB3.52 trillion (+12.4%) Source: National Bureau of Statistics of China |
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CHINA FREE TRADE AGREEMENTS |
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A matter of fact -
China's 11 pilot free trade zones (FTZs): - Shanghai (approved in 2013) - Tianjin (2014) - Guangdong province (2014) - Fujian province (2014) - Liaoning province (cities of Dalian, Shenyang, Yingkou) - Henan province (Zhengzhou, Kaifeng, Luoyang) - Zhejiang province (Zhoushan) - Hubei province (Wuhan, Xiangyang, Yichang) - Chongqing (Liangjiang, Xiyung, Guoyuan) - Sichuan province (Chengdu) - Shaanxi province (Xi'an) |