Tag Archives: China

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China’s technical trade commission will visit Panama in March to address FTA

A technical delegation from China will visit Panama to meet with representatives of the Government to examine the commercial markets of both countries, with the purpose of entering into a feasibility arrangement, prior to the negotiations of a Free Trade Agreement (FTA).

Deputy Minister of Foreign Trade, Néstor González, commented during a press conference. that a few weeks ago a similar meeting was held in Beijing with the Chinese Ministry of Commerce to advance the feasibility study.

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09 JAN – ASEAN Today – Regional Legal and Business News – December 2017

Blockchain Technology
A recent report by a global business consulting firm argues that ASEAN will be the top investment destination in the region by 2025, replacing China, and that disruptive trends in the logistics sector will boost ASEAN’s position as a leading business hub. The report states that it expects blockchain to influence ASEAN’s supply chain management the most. A blockchain facilitates secure online transactions and is a continuously growing list of records linked and secured using cryptography. Blockchain use in the ASEAN region will help boost the logistics industry, accelerate trade growth, and support the rapid adoption of digital technology.

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ASEAN Today – Regional Legal and Business News – September 2017

ASEAN Business Survey
The Australian Chamber of Commerce released its Australian Business in ASEAN Survey 2017. The survey findings show that the top attraction for Australian businesses investing into the region is ASEAN’s growing consumer market, not the economic integration of the ASEAN Economic Community. Corruption is rated the top challenge for Australian companies doing business in ASEAN. Over 60% of the surveyed firms expanded their trade and investment in the region in the past two years and 85% plan to expand their investment in the next five years. Singapore is the favorite spot to operate a regional hub and Vietnam is the most popular market for expansion. Two-way investment between ASEAN and Australia was US$224 billion at the end of 2016.

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China Home Buying and Pricing Increase Trend

Arnstein & Lehr Attorney Ronald Fieldstone

Ronald R. Fieldstone

The phenomenon of escalating home buying and prices continues in China. According to recent publications, the real estate sector now accounts for one-third of China’s GDP compared to 10% just a decade ago. Household debt has increased significantly during the last decade (now 42%). However, since it is only as a share of new loans, it is still far less than the 78% factor encountered in the United States. Home prices have dramatically risen in the major cities in China compared to other major cities in the world. Intensified government restrictions have apparently created an accelerated effect on home buying. Sources indicate that at the end of 2016, real estate accounted for approximately 69% of household assets compared to less than 60% in the U.S.

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EB-5 Marketplace Measurement – China and Beyond

Arnstein & Lehr Attorney Ronald Fieldstone

Ronald R. Fieldstone

I just returned from a week in China. Along with speaking at the EB-5 Investors Magazine’s 2017 EB-5 & Investment Immigration Expo, I had the opportunity to visit with many migration agents, as well as other professionals in the EB-5 industry. My impressions of the marketplace, particularly China, are as follows:

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Sit, Fung, Kwong & Shum acts for Lau

We acted for Mr. Joseph Lau, Luen-hung in the distribution of all the 74.99% shares in Chinese Estates Holdings Limited indirectly held under a discretionary trust founded by him. Chinese Estates is company listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 127) with market capitalisation of over HK$20 billion. After the distribution on 1 March 2017, Mr. Lau Ming Wai (the son of Mr. Joseph Lau) and Ms Chan Hoi Wan (the spouse of Mr. Joseph Lau), as trustee for her minor children Lau Chung-hok and Lau, Sau-wah, indirectly hold shares representing approximately 24.97% and 50.02% of the total issued share capital of Chinese Estates respectively.

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ASEAN TODAY – REGIONAL LEGAL AND BUSINESS NEWS – JANUARY 2017

ASEAN Economic Community News

Chiang Mai Initiative
The ASEAN member countries and Japan, China, and South Korea (ASEAN+3) plan to expand the Chiang Mai Initiative, an emergency multilateral currency swap arrangement that helps manage regional short-term liquidity problems and prevent another currency crisis. Currently, the overall pool is US$240 billion, but only 30%, US$72 billion, can be authorized for release under ASEAN+3’s authority. ASEAN+3 wants to move this amount to 40%, a US$24 billion increase.

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China Premier Li Keqiang discusses trade and economic issues in NY

Arnstein & Lehr Attorney Ronald Fieldstone

Ronald R. Fieldstone

I had the privilege of attending the New York Economic Club Dinner on September 20, 2016, for Premier Li Keqiang of the People’s Republic of China. The Premier held this position since March of 2013 and has been very active in the Chinese government since the 1990s. He was extremely engaging and articulate in his speech and responsive to the questions posed to him.

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CEPA’s New Era: from Approval to Record Filing 2016/6/28 15:55:54

一、历史及背景
《中国内地和香港地区关于建立更紧密经贸关系的安排》,或称“CEPA”,是中国内地和香港地区达成的第一个自由贸易协定。CEPA的主体协议系于2003年6月份签订。它为香港货物及服务贸易开启了巨大的市场。不积跬步无以至千里,自主体协议签署以来,中国内地和香港地区进一步紧密合作,扩展和丰富了CEPA 的内容;双方在2004年到2013年之间签署了十个补充协议,增强了市场的自由化,并加快促进了贸易和投资的发展。
2014年12月,在CEPA的主体框架下,《关于内地在广东与香港基本实现服务贸易自由化的协议》(以下简称“《广东协议》”)签署通过,实现了香港投资者在广东地区的普遍服务贸易自由化。
在《广东协议》的基础上,中国内地和香港地区继续协商,并于2015年11月27日签署通过了《服务贸易协议》(以下称“《协议》”),由此将服务贸易自由化的地理范围从广东覆盖到整个中国内地。
在这样的背景之下,2016年5月18日,中国商务部发布了《港澳服务提供者在内地投资备案管理办法》(以下称“《管理办法》”),上述《管理办法》已于2016年6月1日正式生效。

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Amendments to Anti-commercial Bribery made by Draft Amendment of Anti-Unfair Competition Law

On February 25, 2016, the Legislative Affairs Office of China’s State Council published the Draft Amendment of Anti-Unfair Competition Law of the People’s Republic of China (for examination) (hereinafter referred to as the Draft Amendment).

Zhong Lun Newsletter_Compliance_201605

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