Talking Points and Member News

Insight | 11/11 Singles Day Sales

The Importance of 11/11 The world’s largest shopping event has amassed total sales of nearly USD $70 billion in gross merchandise value (GMV) across China’s two largest e-commerce platforms, Alibaba and JD.com. The 24-hour event is known as the Double 11 shopping festival as it falls on the 11th of November, China’s annual ‘Singles Day’. …

Draft Foreign Investment Law Submission

With the releasing of the Draft Foreign Investment Law of the People’s Republic of China, AustCham China has been invited to prepare a submission on behalf of our members. We would encourage members who wish to participate to get in contact with our Industry & Advocacy Associate, Kathy Lin, at kathy.lin@austcham.org with any input. The …

TALKING POINTS | HEALTHCARE 16/10/2019

In today’s talking points, the 2018 boom in healthcare investment was aided by three key deals, and a cancer treatment accelerator approved in Wuwei signals a breakthrough in cancer research. In other news, Chemist Warehouse has experienced continued growth in the Chinese market and has made new plans to expand their sales platform, and Chinese …

Applying for an Exclusion from Chinese Tariffs: FAQs

  Written by: Zoey Ye Zhang, Asia Briefing, Dezan Shira & Associates On May 13, 2019, China’s Customs Tariff Commission of the State Council released the Trail Measures on the Exclusion Work for US Products Subject to Additional Tariffs in Announcement [2019] No.2. On a trial basis, the document allows imported US products to be temporarily exempted from …

TALKING POINTS | ENERGY 28/08/2019

  In today’s talking points, we consider the potential success of renewable energy across hundreds of Chinese cities.   China’s growth in the renewable energy sector is driving down prices Over the last few years, China’s reliance on the coal industry has sparked huge research and investment into new renewable energy resources such as solar, …

Talking Points | Financial Services

In today’s talking points, we consider the implications of the lowered Chinese lending rate on the greater Australian economy. The reforms, originally intended to lower corporate borrowing costs, has increased speculation that Beijing will continue to drive lower borrowing costs to maintain current economic activity levels. Economists believe that this minimal reduction in lending rates …

MEMBER EVENT | Cutting-Edge Insights From China – Brought to you by Cheung Kong Graduate School of Business (CKGSB)

With a rapidly changing China comes challenges for business leaders to keep up with the latest market opportunities, technologies, business models, and social innovations. How can business leaders stay ahead of the developments and understand the key issues driving these changes? China’s first independent business school, Cheung Kong Graduate School of Business (CKGSB), launches a …

MEMBER NEWS | Significant changes to security of payment regime in Singapore

Written by Out-Law, Pinsent Masons Significant changes to the security of payment regime in Singapore are due to come into force in the near future. The changes contained in the Building and Construction Industry Security of Payment Amendment Bill 2018 are the most extensive changes to the Security of Payment Act (SOP Act) since it became …

MEMBER NEWS | The rise of unsolicited proposals for infrastructure projects in Asia

Written by Out-Law, Pinsent Masons There has been a significant increase in the number of unsolicited proposals (USPs) for greenfield and brownfield public-private partnership (PPP) infrastructure projects in Asia over the past two years. Unlike solicited proposals where a government entity launches a formal public tender, in the case of an unsolicited proposal, it is the …

MEMBER NEWS | Philippines and ADB sign loan for Malolos-Clark railway project

Written by Out-Law, Pinsent Masons The Asian Development Bank (ADB) and the Philippine government have signed an agreement which will see $1.3 billion provided to help finance the Malolos-Clark railway project. The ADB is co-financier of the project and has agreed to provide a total $2.75bn loan facility to support construction. According to the ADB statement, …

MEMBER NEWS | US private firms to take part in Philippines’ infrastructure programme

Written by Out-Law, Pinsent Masons US ambassador to the Philippines Sung Kim has said that US is supporting the Duterte administration’s ambitious ‘build, build, build’ infrastructure programme and American private companies will take part in major infrastructure projects under this programme, according to CNN. This project has also been financed through Chinese loans and grants. The …

MEMBER NEWS | China to open finance sector up to more foreign investment in 2020

Written by Out-Law, Pinsent Masons China will remove some restrictions on foreign investment in the financial sector in 2020, a year earlier than expected, according to a statement from the China’s Financial Stability and Development Commission. The statement followed the sixth meeting of the financial stability and development committee chaired by China’s vice premier Liu He. …

MEMBER NEWS | Foreign arbitration institutions can establish in new Shanghai FTZ area

Written by Out-Law, Pinsent Masons Foreign arbitration and dispute resolution institutions are allowed to establish business organisations in the new Lingang area of the China (Shanghai) Pilot Free Trade Zone, according to plans published by China’s State Council.  The plan said that the new section would compete with leading free trade zones, would open up the …

MEMBER NEWS | International mediation enforcement agreement to be signed next week

Written by Out-Law, Pinsent Masons The US, China and other countries will next week sign a new international agreement in Singapore on cross-border mediation agreements. The Singapore Convention on Mediation is the final version of the United Nations Convention on International Settlement Agreements Resulting from Mediation, which was adopted by the UN in December. It aims …

MEMBER NEWS | Beijing’s new airport chooses Emaar Properties for $11 billion project

Written by Out-Law, Pinsent Masons Beijing New Aeropolis Holdings (BNA) has chosen Emaar Properties to develop an $11 billion project as part of Beijing’s new international airport development. Emaar Properties, Dubai’s largest listed real estate developer, will develop five square kilometres of land within the Aero-Economic of Area Beijing Daxing International Airport. Construction work on Beijing …

MEMBER NEWS | Monash University Global Executive MBA

The Monash Global Executive MBA is an intensive 15-month program for experienced managers, featuring international residential modules and a series of weekend modules. The program is designed for managers and executives with significant experience in wide range of sectors and professions who are seeking to position themselves for more senior roles and more extensive responsibilities.  In …

MEMBER NEWS | China’s 2019 Negative Lists and Encouraged Catalogue for Foreign Investment

Written by: Zoey Ye Zhang, Asia Briefing, Dezan Shira & Associates The 2019 editions of China’s National and FTZ Negative Lists and FI Encouraged Catalogue are important supplements to the upcoming Foreign Investment Law. China Briefing explains the new changes and identifies the industries where China restricts or encourages foreign investments. On June 30, 2019, …

MEMBER NEWS | Over 1GW expected to be installed for wind energy expansion in Vietnam by 2021

Written by Out-Law, Pinsent MasonsVietnam is set for an expansion of its wind energy industry, with more than 1GW of capacity expected to be installed by 2021 according to a market intelligence report from the Global wind energy council (GWEC). The report ‘South-East Asia Market Update: Insights on Vietnam’ suggested that Vietnam has some of the …

MEMBER NEWS | Japanese development agency to continue funding Philippines rail expansion

Written by Out-Law, Pinsent Masons Japan’s international development agency, Japan International Cooperation Agency (JICA), still has 900 billion yen ($8.32bn) remaining of the 1.3 trillion yen it has pledged to lend to support the development of the Philippine railway system. The Japanese government, through JICA, had previously allocated the funding to the Philippines to build more …

MEMBER EVENTS | Indonesia plans to bolster connectivity with $70 billion toll-road plan

Written by Out-Law, Pinsent MasonsIndonesian president Joko Widodo has announced plans to spend $70 billion on toll roads connecting Indonesia to other countries. The plans involve building 5,400 kilometres of fee-charging highways by 2024 tripling the size of the current network, according to Bloomberg. The government has said that it wants to make it much easier …

MEMBER NEWS | New digital bank licences to be issued in Singapore

Written by Out-Law, Pinsent Masons Five new digital bank licences are to be issued to firms in Singapore, the Monetary Authority of Singapore (MAS) has announced. The five new digital bank licences include two types of bank licences, according to MAS. Two will be digital full bank licences and the remaining three, digital wholesale bank …

MEMBER NEWS | G20 leaders sign infrastructure debt principles

Written by: Out-Law, Pinsent Masons Finance leaders from G20 countries agreed new principles last week to make sure that infrastructure debt is sustainable to avoid the build-up of huge debt. According to Reuters the G20 finance leaders endorsed the G20 Principles for Quality Infrastructure Investment as their “common strategic direction and high aspiration” during a …

TALKING POINTS | HEALTHCARE 10/07/2019

In today’s talking points, Ping An Technology believes AI is the key to advancing healthcare, and have developed a partnership with Everbright Bank to expand into ‘healthcare finance’. Poor rural areas in China can expect to gain access to basic healthcare, and WA is accelerating commercialisation of digital healthcare research. Ping An Technology CEO believes …

TALKING POINTS | AGRICULTURE 09/07/2019

In today’s talking points, Australian woodchip prices are up and Qu Dongyu takes on the head of UN’s Food and Agriculture Organisation. Demand from China drives Australian woodchip prices up Australian woodchip has enjoyed rising prices for the past few years, which has peaked at the current price for Tasmanian blue gum (woodchip) at US$182 …

Member News | Shanghai Businesses to Comply with New Waste Management Norms from July 1

Written by Dorcas Wong, Asia Briefing, Dezan Shira & Associates Starting July 1, 2019, Shanghai will make garbage sorting mandatory and restrict the use of disposable items in the hospitality and e-commerce industries. Shanghai will welcome its new waste management regulations, which is set to transform the way waste is collected and places new restrictions upon …

TALKING POINTS | FINANCIAL SERVICES 03/07/2019

In today’s talking points, the RBA cuts Australia’s interest rates, China is set to allow foreign ownership of domestic securities companies, China implements a new scheme to encourage consumers to buy locally-produced infant formula, and Baoshang Bank enters administration RBA cuts interest rates to a historic low of 1 per cent On Tuesday, the Reserve Bank …

TALKING POINTS | ENERGY 02/07/2019

    In today’s talking points, China continues to dominate investment in the renewable energy sector, and the world’s largest waste-to-energy plant is in development in Shenzhen. Australian and Chinese Universities continue strong collaboration to solve household energy issues, and Australia’s largest solar plant is in construction using Chinese tech. China is the world’s biggest …

TALKING POINTS | EDUCATION 24/06/2019

In today’s talking points, more than half a million Chinese students completed degrees abroad in 2018, and the latest list of China’s higher education figures were released by the Ministry of Education. The Ministry have also implemented guidelines pertaining to the transparency of education and safety measures for kindergartens.

MEMBER NEWS | GHD Pacific Development Projects from the 2019 Asian Development Bank (ADB) Annual Meeting in Fiji

Written by: GHD.com Invited by the Australian Trade and Investment Commission (Austrade), GHD recently took part in high-profile dialogues between Pacific Island governments and Australian and US businesses at the 2019 Asian Development Bank (ADB) Annual Meeting, in Nadi, Fiji. This is the first time in 52 years that the ADB Annual Meeting was held …

MEMBER NEWS | Minimum Wages in China 2019

Written by Alexander Chipman Koty and Qian Zhou, Asia Briefing, Dezan Shira & Associates   Minimum wages in China continue to grow. Through the first six months of 2019, four regions have increased their minimum wages: Beijing, Chongqing, Shaanxi, and Shanghai. Last year, 15 out of the 31 regions in mainland China increased their minimum wages, while 20 did …