Where can I get finance to develop my business in China?
In China, International and domestic banks are still the primary source of external sources of funding for European SMEs. In addition, many other financing institutions outside the banking system also offer funding solutions, including financial leasing companies, credit guarantee companies, and micro loan companies. Although the financing cost could be much higher, it does provide alternative channels to fill the funding gap. Leer más
How to make it easier to get bank loans in China, if you do not have fixed assets in China to pledge as collateral?
In a recent survey conducted by the EU SME Centre, over a half (59%) of the respondents indicated access to finance as one of the biggest challenges encountered when doing business in China. To assist EU SMEs in this aspect, the Centre’s business development team has put together a number of tips order to make this process easier, in particular vis à vis accessing bank loans in China when you do not necessarily have fixed assets in the country. First of all, we recommend that you use a licensed credit guarantee company (CGC) Leer más
Xi urges overseas-educated talent to pursue Chinese dream
Chinese President Xi Jinping called on overseas-educated talent, whether at home or abroad, to contribute to realizing the Chinese dream of national rejuvenation. The government supports students and scholars studying abroad. He encourages them to return to China, guarantees them the freedom of coming and going, and supports them in using their talents.
The Communist Party of China and the government respect the choices of the students, Xi said. “You are warmly welcomed if you return to China. If you stay abroad, we support you in serving the country in various ways.”
Will Economic Reform Policies Get into the Zone?
The Shanghai Free Trade Zone (FTZ) launched last month is touted as an important part of the Chinese government’s new reform strategy. By supporting the China-U.S. Bilateral Investment Treaty (BIT) talks and also preparing for eventual participation in the Trans-Pacific Partnership (TPP) negotiations, the Shanghai FTZ may help take China’s economic opening to a new level. These steps could also benefit the Chinese economy in a similar way to WTO accession more than a decade ago. But there are still uncertainties about what the Shanghai FTZ can achieve.
China’s Silicon Valley becoming Internet finance breeding ground
Beijing is wooing Internet-based financial services such as online peer-to-peer lending and crowd financing to move their activities to its technological hub, promising perks from lower rents to cash rewards.
Beijing’s Haidian District, which administers Zhongguancun, known as China’s Silicon Valley, has carved out three plots for Internet-based financial service companies as part of its effort to lead the nation’s innovation drive.
Sunac China Says Real Estate Sales to Exceed $8.2 Billion as Rich Buy
Sunac China Holdings Ltd. (1918), the Chinese developer in which buyout firm Bain Capital LLC has a stake, expects home sales to rise at least 11 percent this year from last year amid strong demand from rich buyers.
The developer’s home sales will exceed 50 billion yuan ($8.2 billion) this year as it focuses on mid-to-high-end properties in major cities including Beijing and Shanghai, Chairman Sun Hongbin told reporters in Suzhou, a city west of Shanghai. Leer más
China Urges Economic Policy Implementation to Spur Rebound.
China’s central government called for “unrelenting” implementation of its economic policies and reform measures to consolidate the nation’s recovery from a two-quarter slowdown and improve the quality of growth.
While the economy is “stable and trending for the better,” and the nation has the ability to achieve this year’s targets, the foundations of the rebound are “not yet firm,” the State Council said in a statement late yesterday after an Oct. 18 meeting led by PremierLi Keqiang. Leer más
China’s Banks Must Compete to Survive
The explosion of debt and shadow banking may threaten the stability of China’s banking system, if it stays as is.
Yukon Huang and Canyon Bosler
The news leading up to China’s Third Plenum next month seems to suggest that the country is heading toward a financial cliff. The common perception is that China’s mismanaged banks are saddled with unprecedented credit driven by irresponsible local borrowing and incomprehensible shadow banking products. Over-capacity in manufacturing suggests that high investment rates cannot produce the returns needed to service these new debts. Leer más
Tips for not failingin doing businesswith China
China is not a fashion, one of those caprices of markets that change favorites like clothes. The Asian giant is already the second largest world economy. China is still a developing country with a per capita income of only 3,400 Euros per year. However, the purchasing power of its citizens has multiplied by 92 since the seventies and poverty has decreased from 98% to 37%. The result is that the Chinese middle class is already the largest in the world, fostering the consumption of medium to high quality goods. Therefore, some institutes and business schools offer clues about how not to fail in the attempt to do business in China. Patience, alliances with local partners and knowledge of the complex legislation are some of them. There is no novelty in operations that could go wrong if Western businesspersons ignore economic, legal and cultural factors. Leer más
Global Traveler launches Chinese edition to cater to the world’s fastest-growing luxury business travel market
Global Traveler, the only monthly magazine for business and luxury travelers, announces the launch of China Global Traveler magazine and website in January 2014. The magazine and website will be in Mandarin and circulate throughout China, Hong Kong and Macau.
Chinese travelers are the world’s fastest-growing luxury business travel market. More than 90 million Chinese travelers will circle the world in 2014, with 8 million traveling in premium cabins and staying at luxury hotels. CGT will connect with this exclusive group of travelers, bringing up-to-the-minute, need-to-know information to elite Chinese travelers 10 times per year.