Monthly Archives: April 2015
- Cover story
- Economy outlook
- Financial strategy
- Legal spotlight
- Point of interest
- Remark from editor
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank (MDB) conceived for the 21st century. Through a participatory process, its founding members are developing its core philosophy, principles, policies, value system and operating platform. The Bank’s foundation is built on the lessons of experience of existing MDBs and the private sector. Its modus operandi will be lean, clean and green: lean, with a small efficient management team and highly skilled staff; clean, an ethical organization with zero tolerance for corruption; and green, an institution built on respect for the environment. The AIIB will put in place strong policies on governance, accountability, financial, procurement and environmental and social frameworks. Continue reading
An overall plan for the China (Fujian) Pilot Free Trade Zone was issued by the Chinese State Council on April 20, focusing on cross-Strait economic cooperation.
The Fujian free trade zone will serve as a key zone to prepare for further institutional innovation and is a core area for building the 21st Century Maritime Silk Road, according to the plan.
The FTZ, covering a total area of 118.04 square km, will include industrial areas in the provincial capital of Fuzhou, the city of Xiamen, and Pingtan, a new industrial park targeting cross-Strait investment. Continue reading
On April 3, 2015, the General Office of Chinese Ministry of Commerce issued the Work Focus of Electronic Business in 2015 (No. 116, 2015, hereinafter referred to as the Work Focus), which points out that, the work of electronic business in 2015 should actively adapt to the new normal of economic development, implement the work deployment of the Work Report of the Government, carry out the action plan of “Internet +”, comprehensively boost the application of information technology with internet as the core to commodity circulation and foreign trade, play the important role of electronic business in expanding markets, promoting consumption, bolstering employment and stabilizing growth, promoting the transformation and upgrading of economy, the entrepreneurship and innovation, and construct a unified and open market system of electronic business with order competition. Continue reading
A foreign investment negative list concerning free trade zones in Shanghai and Tianjin municipalities, and Guangdong and Fujian provinces, was issued by the Chinese State Council on April 20.
The list contains 119 types of foreign investment projects in 49 areas that will not fall under the scope of national treatment and require special management. It also contains three areas of restrictions that apply to foreign investment in various types of businesses. Continue reading
The 2015 China-ASEAN Expo (CAEXPO) Tourism Exhibition, jointly organized by China National Tourism Administration (CNTA) and the People’s Government of Guangxi Zhuang Autonomous Region, is scheduled to be staged in Guilin, Guangxi, from May 29 to 31, 2015. It’s expected to attract around 800 companies and over 300 overseas buyers in addition to visitors from nearly 50 countries and regions. Continue reading
Jin Liqun is Chairman of Board of Supervisors of the sovereign wealth fund, China Investment Corporation, and its subsidiary Central Huijin Investment Ltd.. He is the Secretary General of the Multilateral Interim Secretariat of Asian Infrastructure Investment Bank (AIIB). He is also serving as deputy chair of the International Working Group of Sovereign Wealth Funds. Continue reading
The Putian (China) Health Industry Chamber of Commerce started a boycott of Baidu’s advertising service that began March 22 over what they’re calling exorbitant fees. It was said that almost 98 percent of China’s small private hospitals have investors from the city of Putian in southeast China’s Fujian Province, and at least 80% are practically controlled by owners from Putian. Continue reading