China Business News

S.J.Grand offers quality research, case studies and essential updates on the latest China tax and business issues through our news feed, periodic newsletters and our online resource library.

Please feel free to browse, to search using the tags below or contact an S.J. Grand office if you would like to know more about a particular topic that interests you.

China's international patent filings surge in 2010

--Telecom industry prominent in securing intellectual property protection--

China increased its international patent filings over 56% last year, recording the largest growth under the World Intellectual Property Organization’s (WIPO) Patent Cooperation Treaty (PCT), the China Daily reports.

Hong Kong stock exchange open to alliances

--HKEx follows international trend--

The Hong Kong stock exchange has expressed interest in forging new international alliances, following the lead of recent tie-ups between Deutsche Börse and NYSE Euronext, and the London and Toronto exchanges.

The world's biggest exchange operator by market value and a strong market from China-backed IPOs, Hong Kong Exchanges and Clearing (HKEx) released an email statement announcing that while it will consider international alliances and partnerships, it is yet to identify any potential targets.

China moves to allow Health Care WFOEs

--PRC government hopes opening will improve national healthcare--

The Chinese Government has moved to open the domestic healthcare industry to greater foreign investment, by allowing WFOEs to run private hospitals, China Law Blog reports. Previously, foreign companies in the healthcare industry were limited to joint ventures and were unable to have singular ownership.

CNOOC and Chesapeake ink investment deal

--China continues expansion into energy resources field--

Last week, China’s CNOOC agreed to invest US$570 million to acquire a 33.3% stake in various gas and oil projects in Colorado and Wyoming run by America-based Chesapeake, FinanceAsia reported. This is the second major deal between the two resource companies, with CNOOC also agreeing to pour US$697 million to fund the majority of the drilling and completion costs of the projects.

Working Capital Optimization in Vietnam


Dear clients and colleagues,

2011 has already been a busy year for S.J. Grand.

‘Big Four’ audit dominance could pose dangers

-- UK Employment Minister stresses need for diversity -- 

The market dominance of Big Four audit firms is set to be challenged by a new multi-month enquiry in the UK’s House of Lords, reports Accountancy Age. The enquiry will examine ways to expand choices for companies looking for tax and audit services, and comes amid fears that the Big Four’s overwhelming control of market share could pose a risk to the economy.

Spring Festival Opening Hours

We have no sooner entered 2011 and the Chinese Lunar New Year is upon us. At the end of this month we welcome the Year of The Rabbit. After a ferocious Tiger, the Rabbit promises a calming 12 months of diplomacy, refinement and prosperity.

S.J. Grand offices will be closed during the Spring Festival holidays from Mon 31 January to Tues 8 February 2011 with one day opening in lieu on Sat 12 February 2011.

Our regular opening hours will be amended to the following:

ICBC opens first branch in France

-- Both countries look to increase financial cooperation --

On Tuesday, the Industrial and Commercial Bank of China launched its inaugural branch in Paris, France, according to the People’s Daily. France’s finance minister hailed the opening as a way for France and China to continue to develop their economic cooperation. The two countries had economic exchanges of more than $40 billion dollars in 2010, and the ICBC president hopes the new subsidiary will help bring close ties in banking and investment.

Obama calls for Yuan appreciation

-- Despite recent steps, U.S. believes Chinese currency still undervalued --

China foreign investment jumps in 2010

-- Data shows FDI hit record levels --

The Chinese government released a statement yesterday saying Foreign Direct Investment increased to $105.7 billion, up over 17% from the previous year, Bloomberg reports.

Beijing - Shanghai - Shenzhen - Hong Kong - Paris

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