CHINA

By Wei Jianguo   The fifth plenary session of the 19th Communist Party of China (CPC) Central Committee, which began on Monday in Beijing, has attracted global attention.    As the world experiences a once-in-a-century shake-up caused by the COVID-19 pandemic and the headwind of anti-globalization, the achievements of China's 13th Five-Year Plan (2016-20), its proposals for formulating the 14th Five-Year Plan (2021-25), and China's long-term goals through 2035 are being closely watched.   This year marks several key milestones for China. It is the final year of the current 13th Five-Year Plan and the eve of the 100th anniversary...

FOREIGN DIRECT INVESTMENT NEWS 2020

By Elise Donovan   The way in which Asia’s economies, and the international financial centres they interact with, are able to re-start global growth and help other economies recover from the ravages of COVID-19, is an important topic. Learning from Asia’s experience of handling SARS and other outbreaks, and the region's rapid growth prior to the pandemic will be crucial to our understanding of how quickly global progress can happen. The role of IFCs in channelling funds to those who are able to invest in them for the strongest returns is also important - and often not given enough credit in...

CORPORATE & FIDUCIARY NEWS 2020

By Ping An Insurance   The two funds combined received a total capital commitment of USD875 million from a group of global investors, anchored by GIC and Switzerland-based Montana Capital Partners. Ping An Overseas Holdings is also a Limited Partner in the Funds alongside other investors.   The Funds represent Ping An Overseas Holdings' first dedicated investment program focusing on overseas private equity investing. The Selection Fund operates a fund of funds program that was invested by Ping An into a well-diversified portfolio of top-tier buyout managers in North America and Europe and was transferred as part of a secondary transaction. The Global Equity Fund is set up to capture...

FUNDS & FUNDS SERVICES NEWS 2020

By Zhou Xin   Foreign direct investment (FDI) inflows into China surged in September by nearly a quarter compared to a year ago, underlining the confidence international investors have in the world’s second-biggest economy long-term prospects, despite threats of decoupling from the United States.   FDI inflows into China rose 23.7 percent to US$14.25 billion last month, according to data released by the Ministry of Commerce on Friday. The growth marked an acceleration from August when China’s FDI recorded year-on-year growth of 15 percent.   Total FDI inflows into China in the first nine months amounted to US$103 billion, an...

FOREIGN DIRECT INVESTMENT NEWS 2020

By Thomson Reuters   SHANGHAI (Reuters) - Amundi, Europe's largest asset manager, launched a wealth management venture in Shanghai on Wednesday and plans to set up an outbound investment business in Beijing as China opens its doors wider to global asset managers.   The French company, which already owns a mutual fund venture in China, is capitalizing on a new round of financial opening by Beijing that also galvanized other global asset managers such as BlackRock.   "You don't have a single market in the world where you see global asset managers are positioning themselves so proactively, and so resourcefully," said...

FOREIGN DIRECT INVESTMENT OUTBOUND INVESTMENT HIGHLIGHTS 2020

As we enter 2020, even the youngest of those born in the 1980s are in their thirties. In China, this generation is quickly becoming the main driver of the country’s investment migration market. Millennials, here defined as those born between 1980 and 1996 account for about 23% of the overall population. Due to the rapid economic transformation of the country in the years since they were born, China’s millennials are very different, both from their parents and their children (who are just now being born).   Compared to their parents, millennials want very different things from life, work, and –...

IMMIGRATION BY INVESTMENT REPORTS 2020

Coca Cola and Goji Berries   On December 16th, 1978, Jimmy Carter and Deng Xiaoping signed the Joint Communique on the Establishment of Diplomatic Relations between the People’ Republic of China and the United States of America, which normalized relations between two countries whose relationship had been anything but normal until then. A few days later, Coca Cola became the first foreign company in more than two decades to be allowed back into China.   Whereas today, an international beverage company might be expected to avoid political affiliation, the Coca Cola companies of the 1950s were one that actively sought to...

IMMIGRATION BY INVESTMENT REPORTS 2020

As the global investment migration heavyweight, China accounts for some two-thirds of applicants globally. In the last decade alone, more than 57,000 Chinese together spent at least US$44 billion on residence by investment programs. But only a tiny proportion of those actually moved to their new country of residence/citizenship. Each year, hundreds (if not thousands) of Chinese investor migrants see their permanent residence permits canceled over their failure to meet physical presence requirements, typically in places like Australia and Canada. In this article, we’ll try to dissect the reasons why Chinese investors are so often migrants on paper only.   #1 –...

IMMIGRATION BY INVESTMENT NEWS 2020