China Economic ReviewShanghai has issued new regulations designed to encourage more multinationals to set up their regional headquarters operations in the city. The setting up of a headquarters operation is one of the most important decisions facing multinational corporations (MNCs) wanting to develop their activities in China. The Ministry of Foreign Trade and Economic Co-operation issued the […]
Under new guidelines drawn up by the State Economic and Trading Commission, private and foreign investors are to be allowed to take controlling shares in state-owned enterprises when they launch initial public offerings, Hong Kong Standard said. However, the state will retain control of companies in military and other important public service industries. It will […]
Cosco Pacific, the port operating arm of Cosco Group, is expected to take an 8% shareholding in Dalian Port Container Terminal. The stake is being taken up through a Yn37.5m joint venture investment by Cosco Pacific (China) with the Port of Dalian Authority, Shanghai Port Container Co, PG Logistics and Cosco's shipping division, operating locally […]
Chinese companies that invest abroad no longer need to give the government a guarantee that they repatriate all of their profits from overseas operations. The new rule introduced by the Foreign Exchange Control Bureau should make it easier for domestic firms to expand their activities overseas. Some 6,960 companies have registered with the Ministry of […]
In China, the IPO machine still roars