China is fast embracing the sharing economy, having come up with its own innovative resource sharing platforms to rival foreign counterparts such as Uber and Airbnb. According to a report published by China’s State Information Center, the sharing economy is expected to maintain a 40% annual growth rate over the next few years, and is...
China is embracing green bonds as part of its efforts to combat the country’s notorious pollution problems. China Securities Regulatory Commission (CSRC), the main regulator of the securities industry in China, released a new set of guidelines to support the issuance of green bonds on March 2, 2017. Promoting green bonds could be considered the...
Recently, the city of Wuhan announced that they will be opening a police station run solely by artificial intelligence (AI), no employees need apply. Although the station would be limited to vehicle and driver related administrative work, the government anticipates increasing AI use in many other areas of governance. Automated government offices like these are...
Traditional financial centers such as London and New York are witnessing increased competition from Chinese cities like Shanghai and Shenzhen with the rise of FinTech. While China’s traditional financial sector is relatively undeveloped and restricted from foreign participation, the country’s Internet Finance, or Financial Technology (FinTech), industry has developed rapidly in recent years with an...
Foreign investors that would like to understand the senior care sector in China may find a comparison to the hospitality sector helpful. The hospitality sector boomed over the past 30 years as the Chinese economy grew and visitors poured in. Chinese real estate players rushed into the sector, and they absolutely wanted to work with...
Due to its size and growth potential, China’s healthcare market is one of the most attractive in the world for foreign investors. China surpassed Japan to become the world’s second-largest healthcare market in 2013 and continues to develop at double-digit rates. Indeed, it’s the fastest-growing healthcare market of all large emerging economies. Recently in 2016,...
With cross border e-Commerce (CBEC) taking an increasing bigger share of the total import and export market, it is of no surprise that the government has taken CBEC regulations more seriously. As consumer complaints and industry speculation over unfair competition increase, regulatory authorities have taken notice. Foreign companies seeking to pursue business opportunities in China’s...
China has ambitious plans for its battery industry as it attempts to develop its electric vehicle (EV) and EV battery industries. Analysts predict that China will have the capacity to produce over 120 GWh of batteries by 2020, and will increase its share of global lithium production from its current 55% to 65% by 2021....
China has announced that it will eliminate ownership limits on automotive enterprises by 2023, allowing foreign investors to establish wholly foreign-owned enterprises (WFOEs) in the industry. According to the National Development and Reform Commission, ownership limits on new energy vehicles (NEVs) will be scrapped this year, commercial vehicles by 2020, and passenger vehicles by 2022....
JP Morgan’s co-president Daniel Pinto still hopes its new China securities venture will be approved next year, and insists the US giant’s aspirations in the world’s second largest economy will not be “derailed” by any setbacks. The biggest bank in the US by total assets, JP Morgan applied to the China Securities Regulatory Commission last...