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Upcoming Doing Business in Asia events

         

UK Trade & Investment and CBI members RBS and NatWest will present a series of Doing Business in Asia events in the UK in February 2012. Read more here.

DLA Piper advises Chinese shipyard group on securing assets during the insolvency proceedings of the Beluga Shipping Group



CBI member DLA Piper recently announced that it has been advising and representing the Quinshan Shipyard of China Changjiang National Shipping Group Corporation (CSC), one of the largest shipyard groups in China, during the insolvency proceedings of the Germany-based Beluga Shipping Group. Read more here.

Pinsent Masons advises on the Hong Kong listing of China-based Noble House



CBI member Pinsent Masons recently announced that it had advised Quam Capital Limited, the listing sponsor, and the underwriters on the HK$70 million (£5.7 million) placing of shares and listing of Noble House (China) Holdings Limited, the owner and operator of a premium restaurant chain in mainland China, on the Growth Enterprise Market of the Hong Kong Stock Exchange. Read more here.

SABMiller launches trial for Miller Genuine Draft in China



CBI member SABMiller recently announced that China Resources Snow Breweries Limited (CR Snow), its joint venture with China Resources Enterprise Limited (CRE), is launching a trial of SABMiller's international premium brand, Miller Genuine Draft, in Zhejiang province. Read more here.

UKTI's Regional Cities Programme in China



UK Trade & Investment (UKTI) recently released the dates for the next phase of its Regional Cities Programme in China. Read more here.

Jaguar Land Rover achieves record sales in China in 2011



CBI member Jaguar Land Rover (JLR) recently announced that it hit a historic milestone in China in 2011, with sales exceeding 42,000 units for the first time in the country, up 61% compared to the previous year. Read more here.

China International Import Expo (29-31 Mar)

The China Chamber of International Commerce and the Jiangsu Provincial People's Government will host the China International Import Expo on 29-31 March at the Kunshan Convention & Exhibition Centre in Jiangsu province. Read more here.

Royal Institution of Chartered Surveyors Beijing conference (28-29 Mar)



CBI member The Royal Institution of Chartered Surveyors (RICS) will host a conference in Beijing titled "Fit for the Future: A grand transformation for property, land, and construction" on 28-29 March 2012. Read more here.

Rolls-Royce Motor Cars announces record sales in 2011



CBI member Rolls-Royce Motor Cars recently announced record sales results for 2011, with 3,538 vehicles sold globally during the year, a 31% increase compared to 2010. The impressive figure, led by soaring demand in China, represents the best sales result in the company's 107-year history, breaking the previous record of 3,347 vehicles sold in 1978. Read more here.

Hays wins awards in China



CBI member Hays recently won two awards recognising its work in China, receiving "Recommended Recruitment Firm of the Year" at the 2011 HRA Awards and "Best Recruitment Firm" at the 2011 China HR Pioneer Awards. Read more here.

ABB celebrates delivery of its 10,000th medium voltage gas insulation switchgear produced in China



CBI member ABB recently announced the delivery of its 10,000th medium voltage gas insulation switchgear (GIS) by ABB Xiamen Switchgear Company, one of the largest medium voltage switchgear and breaker manufacturers in the world. Read more here.

Eversheds advises on Chow Tai Fook Enterprises on a 2.36 billion yuan ($932 million) acquisition in Qingdao



CBI member Eversheds recently announced that it had advised Chow Tai Fook Enterprises Ltd. on a 2.36 billion yuan ($932 million) property deal to acquire a 100% stake in a Qingdao-based joint venture from Shanghai Industrial Holdings Limited, a company listed on the Hong Kong Stock Exchange. Read more here.

Simmons & Simmons advises Da Cheng and Guotai Junan on the formation and SFC authorisation of two RMB-denominated retail funds in Hong Kong



CBI member Simmons & Simmons announced that it had advised Da Cheng International Asset Management Company Limited and Guotai Junan Assets (Asia) Limited on the formation and Securities and Futures Commission (SFC) authorisation of two RMB-denominated retail funds in Hong Kong. Read more here.

Everything Everywhere and China Telecom (Europe) sign milestone agreement



CBI member Everything Everywhere, a leading communications company in the UK, recently announced that China Telecom (Europe) will launch a mobile virtual network operator (MVNO) on its network. Read more here.

Herbert Smith advises CNOOC on deal in Indonesia



CBI member Herbert Smith recently advised Chinese oil giant CNOOC Limited on the disposal of its Offshore Northwest Java Production Sharing Contract interests in Indonesia. Read more here.

China becomes Bentley's second-largest market



Yesterday, CBI member Bentley reported that its global sales rose 37% in 2011, with strong growth in all major markets. The U.S. remained Bentley's largest market, with sales up 32%, reaching 2,021 vehicles. For the first time ever, however, China became Bentley's second-largest market, with sales virtually doubling to reach a record 1,839 units in 2011. Read more here.

Celebrating CBI member success in China: December 2011



A number of CBI members were busy raising their profile in China in December, engaging in many exciting activities across a wide range of industries. Read more here.

Glyndŵr University strengthens links with China



CBI member Glyndŵr University recently announced that it is one of ten members of the Wales Higher Education Training Consortium, which will offer training and expertise to the Chinese market. Read more here.

Hays 2012 Salary Guide event (08 Feb)



CBI member Hays will launch the 2012 Hays Salary Guide at a breakfast function at the JW Marriott Beijing from 08:00-10:30am on 08 February. Read more here.

Visteon signs MOU to combine the majority of its global interiors business with its Chinese joint venture



CBI member Visteon and Huayu Automotive Systems Co. Ltd. (HASCO) recently announced that their Chinese joint venture, Yanfeng Visteon Automotive Trim Systems Co. Ltd. (YFV),  and Visteon signed a non-binding memorandum of understanding to combine the majority of Visteon's global interiors business with YFV. Read more here.

Simmons & Simmons update on the Social Insurance Law



CBI member Simmons & Simmons has prepared an overview of the new Social Insurance Law in China, which requires foreigners to begin participating in the PRC social insurance system. Read more here.

UK Government announces launch of £1 million UK-China science fund



The UK Government recently announced a £75 million boost for high-tech small and medium-sized enterprises (SMEs) as part of a package of measures included in the Government's new Innovation and Research Strategy for Growth. Read more here.

WPP's Ogilvy & Mather acquires stake in leading Chinese advertising agency



Yesterday, CBI member WPP announced that its wholly-owned operating company Ogilvy & Mather, a leading advertising and marketing communications network, has acquired 49% of Nanjing Yindu Advertising and Commerce Co., Ltd. ("Yindu") in China. Read more here.

The University of Nottingham and the Chinese Academy of Survey and Mapping launch the Sino-UK Geospatial Engineering Centre in Beijing



Yesterday, CBI member The University of Nottingham and the Chinese Academy of Survey and Mapping (CASM), the academic arm of China's National Administration for Survey, Mapping, and Geoinformation (NASG), launched the Sino-UK Geospatial Engineering Centre in Beijing. Read more here.

Herbert Smith advises China Outfitters on its HK$1.13 billion IPO



CBI member Herbert Smith recently advised China Outfitters Holdings Limited ("China Outfitters") on the HK$1.13 billion (US$145 million) listing of its shares on the main board of the Hong Kong Stock Exchange and Rule 144A/Regulation S global offering. Read more here.

Huawei chooses Pearson VUE as its exclusive test delivery provider

    

CBI member Huawei announced that it has chosen fellow CBI member Pearson VUE as its sole testing provider to deliver its global certification testing programme, the Huawei Certifications System. Read more here.

Siemens and Shanghai Electric agree to form strategic wind power alliance in China



CBI member Siemens and Shanghai Electric recently agreed to establish two new joint ventures to form a strategic wind power alliance in China. Read more here.

The University of Edinburgh signs agreements with six Chinese institutions



CBI member The University of Edinburgh recently signed agreements with six Chinese institutions, which will enable collaborations between researchers in China and Edinburgh and facilitate international exchange study programmes for students. Read more here.

The University of Nottingham plans to hire another 30 engineering academics in Ningbo



CBI member The University of Nottingham announced that it will hire another 30 academics to join its engineering team at its campus in Ningbo, China. The new academics will help support the expansion of the University's degree and research programmes in Ningbo. Read more here.

IBM and Lushang Group build a system to help ensure pork product safety and improve food supply chain efficiency



Yesterday, CBI member IBM and China-based Shandong Commercial Group Co. Ltd. (Lushang Group) announced that they have built a system that will help ensure the safety of pork products in eastern China's Shandong province while also improving the efficiency of the food supply chain in the region. Read more here.

IHG signs two-brand hotel management contract in Hainan



CBI member InterContinental Hotels Group (IHG) recently signed a two-brand hotel management contract with Yanlord Land Group Limited to further strengthen its position in Sanya, one of China's most popular resort destinations. Read more here.

City of London's China financial weekly report



CBI member City of London has released its latest China financial weekly report (09-15 December 2011). Read more here.

Rolls-Royce receives order for design and propulsion equipment for platform supply vessels to be built in China



CBI member Rolls-Royce recently received an order from PaxOcean, a Singapore-based offshore company, to deliver design and propulsion equipment for two platform supply vessels. The vessels will be built in PaxOcean Engineering's shipyard in Zhuhai in southern China's Guangdong province. Read more here.

PwC China opens its 16th branch



CBI member PwC recently opened a branch office in Hangzhou in eastern China, marking its 16th branch in the country and the second branch launched this year. Earlier this year, PwC opened a branch in Nanjing in Jiangsu province. Read more here.

BrandZ Top 50 Most Valuable Chinese Brands ranking released



Commissioned by CBI member WPP, the annual BrandZ Top 50 Most Valuable Chinese Brands ranking was released earlier this week by Millward Brown. Read more here.

Huawei successfully verifies E-Band microwave equipment on LTE test network in Chengdu



CBI member Huawei recently announced that it had successfully deployed and verified the capabilities of its E-Band microwave equipment in a comprehensive Long-Term Evolution (LTE) test network in Chengdu, the capital of Sichuan province in southwestern China. Read more here.

AstraZeneca to acquire Chinese generics manufacturing company



CBI member AstraZeneca entered into an agreement to acquire Guangdong BeiKang Pharmaceutical Company Ltd., a privately-owned Chinese generics manufacturing company based in southern China's Guangdong province. The acquisition will provide AstraZeneca with access to a portfolio of injectable medicines used to treat infections that AstraZeneca will make available to patients in China. Read more here.

DLA Piper update on the UK Bribery Act



CBI member DLA Piper has prepared a summary regarding the UK Bribery Act from a roundtable discussion in Washington, D.C. with the Director of Public Prosecution (DPP) for England and Wales. Read more here.

Birmingham Airport and MG Motor UK enter corporate partnership



CBI member Birmingham Airport and Chinese automaker MG Motor UK recently entered into a formal corporate partnership, which demonstrates their long-term commitment to the development of trade between China and the West Midlands region in the UK. Read more here.

Gatwick Airport announces that Air China will operate non-stop services from Gatwick to Beijing



Yesterday, CBI member Gatwick Airport announced that Air China will launch four non-stop weekly services to Beijing from the UK's second-largest airport. Read more here.

PwC note on UN climate change negotiations



CBI member PwC has prepared a brief report on the ongoing UN climate change negotiations in Durban, South Africa. Read more here.

BT welcomes China-based iSoftStone's investment in MDCL-Frontline



In late November, CBI member BT welcomed iSoftStone, a leading China-based IT services provider, as a shareholder in MDCL-Frontline, BT's main delivery arm for the provision of IT infrastructure services to its multinational customers in China. Read more here.

Eversheds advises New World China Land Limited on a rights issue to raise up to HK$4.3 billion



Last month, CBI member Eversheds announced that its Hong Kong office had advised New World China Land Limited, one of the largest national property developers in mainland China, on a rights issue to raise up to HK$4.3 billion. Read more here.

Rolls-Royce and China's Bestway Engineering unveil new energy efficient ship designs



CBI member Rolls-Royce and China's Bestway Engineering recently unveiled a range of energy efficient ship designs, which have been produced to meet the future requirements of the global merchant shipping industry. Read more here.

Arup recognised at the MIPIM Asia Awards 2011



CBI member Arup recently announced that the International Commerce Centre (ICC) in Hong Kong, to which it provided full engineering services, was voted as the gold winner at the MIPIM Asia Awards 2011, a scheme which recognises outstanding real estate projects in the Asia Pacific region. Read more here.

Ernst & Young update on Shanghai VAT pilot programme



CBI member Ernst & Young has prepared a highly useful overview of the Shanghai VAT pilot arrangements. Read more here.

China Investment Corporation looks to invest in UK infrastructure

China Investment Corporation (CIC), the country's main sovereign wealth fund, is keen to invest in the infrastructure of developed countries, particularly the UK. Read more here.

UKTI announces first Private Equity, Venture Capital, and Fund Management trade mission to China—March 2012



UK Trade & Investment recently announced its first trade mission to China for private equity, venture capital, and fund management firms. Major Chinese institutional investors can now invest, on average, 15% of their total AUM (Assets Under Management) off shore, without seeking additional approval from regulators. Read more here.

40th anniversary of UK-China diplomatic relations



On 13 March 2012, China and the UK will celebrate the 40th anniversary of the restoration of full diplomatic relations. Read more here.

Celebrating CBI member success in China: November 2011



A number of CBI members were busy raising their profile in China in November and earlier this fall, engaging in many exciting activities across a wide range of industries. Read more here.

UK-China IP Symposium in London



As announced by UK Prime Minister David Cameron and Chinese Premier Wen Jiabao at the UK-China Summit in June 2011, the UK-China IP Symposium will be held in London on 08 December 2011 from 08:45-16:30. Read more here.

INEOS licenses its Innovene PP process for Sinopec's new project in Guangdong



Last month, CBI member INEOS licensed its Innovene PP process to the Sinopec Maoming Company for the manufacture of polypropylene homopolymers, random copolymers, and impact copolymers at Sinopec's planned manufacturing facility in Maoming in southern China's Guangdong province. Read more here.

J.P. Morgan commemorates 90th anniversary in China



CBI member J.P. Morgan recently acted as the exclusive sponsor of a new contemporary art exhibition at the Today Art Museum in Beijing, which featured 14 leading Chinese artists. The exhibition was a major art event to commemorate J.P. Morgan's 90th anniversary in China this year. Read more here.

Rio Tinto's joint venture with Chinalco receives regulatory approval



CBI member Rio Tinto's joint venture with Chinalco, the largest aluminum producer in China, recently had its registration approved by China's Industrial and Commercial Administration. Read more here.

Lafarge launches its first sustainable construction development lab in Chongqing



Earlier this fall, CBI member Lafarge opened its first Sustainable Construction Lab in Chongqing in southwestern China. Read more here.

Airbus launches logistics company in Tianjin



CBI member Airbus recently opened Airbus (Tianjin) Logistics in the Tianjin Free Trade Zone Comprehensive Bonded Area in northeastern China. Read more here.

Deloitte launches 16th office in China



CBI member Deloitte recently announced the opening of its 16th office in China. Located in Harbin, the capital of Heilongjiang province in northeastern China, the new office will support Deloitte's continued expansion in the country. Read more here.

ABB launches three-year anti-desertification programme in Inner Mongolia



Today, CBI member ABB launched a new three-year anti-desertification programme with Inner Mongolia Power (IMPC) and the Ordos Power Supply Bureau (OPSB), marking the second time that the partners have carried out an anti-desertification campaign. Read more here.

Boeing's Inventory Locator Service launches bilingual website to benefit Chinese-speaking customers



CBI member Boeing's Inventory Locator Service (ILS) recently launched a Chinese language version of the ILS website. Read more here.

Pearson to acquire English teaching group in China



CBI member
Pearson announced yesterday that it has agreed to acquire Global Education and Technology Group, a leading provider of test preparation services for students in China who are learning English, for $155 million. Read more here.

Catlin forms strategic partnership with China Reinsurance that will see the first Chinese direct investment into Lloyd's of London



London-based reinsurer Catlin Group has reached an agreement to manage a new syndicate at CBI member Lloyd's of London on behalf of China Reinsurance Corporation, the country's largest reinsurer. The deal marks the first time that a Chinese company has invested money directly at Lloyd's. Read more here.

CBI and Ernst & Young release new report "Winning overseas: boosting business export performance"

    

The CBI and Ernst & Young have published a major new report titled "Winning overseas: boosting business export performance." Read more here.

Events

 

 

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2012 Dates for diary:

5 Jan: CBI - UK Export Projects Breakfast Briefing (Beijing)

 

12 Jan: British Business Briefing (Beijing)

 

 

17 Jan: IP Attaché Meeting

22-28 Jan: Chinese New Year

 

 6 Feb: CBI members dinner (Beijing)

 

6-15 Feb: CBI China Team in UK

 

8 Feb: Hays 2012 Salary Guide Event (Beijing)

 

Early March (date tbc): Launch of British Business Awards (BBA)

 

13 Mar: 40th Anniversary of resumption of UK-China Diplomatic Relations

 

1 April - 1 Nov: UK Now (website and downloads will go live over Chinese New Year) (China)