Do not forget the impact of Chinese VAT on exports and the economy, someone once said to me. And I’ve tried to stay true to that.
I was involved recently in a desktop due diligence of a publicly listed Chinese manufacturing company.
Nothing untoward was revealed in its public filings and disclosures, but a little more was revealed from an [...]
The Circular issued by the State Owned Assets Supervision and Administration Commission (SASAC) and released on 26 April 2010 concerning “commercial secrets” of Central State-owned enterprises (CSOEs) has generated signficant commentary about what it really means for businesspeople and advisers in China.
According to the Circular, its intention is to strengthen the protection of CSOE commercial [...]
We’re still just talking and talking about the revaluation of the Yuan. It must be imminent. Any day now it will happen. Surely, surely.
Provided it does finally happen, what will be the fallout? One very basic and direct consequence of a revaluation would be that Chinese exports would be less competitive and imports to China [...]
I have previously posted my views on China’s “indigenous innovation” policies. Reading a recent WSJ blog post by China law specialist Stanley Lubman on the issue, I thought a further post would be timely.
Mr Lubman’s post (including the links) is well worth reading for its observations on the step-up by the Chinese government to give priority to [...]
As China has found its feet as a growing economic and political power, it has started to get its foreign investment regulatory framework in order. The changes in laws and regulations over the last few years reflects a China not only cognisant that its own enterprises need to expand past its shores but a China [...]
I continue to be fascinated by the fireworks between the US and China and so read the press on the Wen Jiabao post-NPC conference with interest, as reported by the WSJ.
A lot of it is huff-and-puff on the US’s continuing pressure on China to revalue the Yuan.
I do still think the Yuan will revalue soon, [...]
I attended a lunch today, around the theme of Chinese investment into the UK.
It was graciously organised by Douglas Clark, director at RSM Tenon. RSM Tenon bills itself as “one of the most progressive and entrepreneurial professional services firms in the UK today”. The lunch brought together a loose coalition of individuals interested in advising Chinese [...]
This is the second instalment of my observations on China M&A and how it can be very different from doing deals in the West. In this instalment, I focus on the approvals process, which begins once the contracts are signed and submitted to the relevant authorities for approval.
6. Government approvals: The approval itself is one [...]
I’ve been looking back at the deals I’ve assisted with over the years in Australia, the UK and of course China, and collected some observations on the things I have found about doing an M&A deal in China that are very different from others.
Some don’t seem so different anymore but really struck me at the time as [...]