China Economic ReviewDanish shipping company AP Moller has formed a joint venture container terminal management company with the Port of Shanghai Authority. The new company will manage four berths in phase four of Waigaoqiao Container Terminals. Moller has contributed 49 per cent of the registered capital of Shanghai Hudong Container Terminal Management. Its container carrier subsidiary Maersk […]
China's central bank welcomes more strategic foreign investment in small and mediumsized banks, Reuters quoted assistant bank governor Li Ruogu as saying. Such banks would serve the development of local economies and non-state companies. The central bank also supported commercial banks performing other banking operations besides fee-based ones. The International Finance Corp and Canada's Bank […]
The Taiwanese authorities have ordered local companies to pull out of unapproved investments in computer chip companies in mainland China, Reuters reported. The announcement by the cabinet's Mainland Affairs Council said that some investors had admitted to investing in chip-making firms on the mainland and had promised to withdraw the funds. A task force has […]
ON Semiconductor of America plans to invest up to US$231m to expand its Sichuanbased joint venture, Leshan-Phoenix Semiconductor, and to become the first foreign company to introduce six-inch wafers to the region, South China Morning Post said. ON Semiconductor and its partner Leshan Radio will first produce advanced metal oxide semiconductor devices, and introduce more […]
Before buying into a domestic enterprise in mainland China, especially state-owned enterprises, foreign investors should be aware of the tax implications of any reorganisation in the target company. Under its World Trade Organisation agreement, the Chinese government has promised broader access to its markets. Even some previously prohibited industries, such as telecommunications, are expected to […]