23rd July 2019 – “CICC Business Survey 2019 second…
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23rd July 2019 - "CICC Business Survey 2019 second edition”
The Italian chamber of commerce in China, CICC, in association with Assolombarda, organized a meeting discussing the results of “CICC Business Survey 2019 second edition” at the headquarters of Assolombarda in Milan, It was created to analyze the composition of the Italian business community in China and probe the perception of Italian companies’ outlook in the country.
The speakers at the event were: Davide Cucino, President of the Italian Chamber of Commerce in China; Guido D. Giacconi, Vice President of the Italian Chamber of Commerce in China and President In3act; Filippo Fasulo CeSIF Director at the Italy China Foundation.
The results of the research showed the current trend of Italian companies in China, talking about important points, such as: the healthy industrial community, EBIT and EBITDA implemented for the evaluation of the companies, FDI current situation in China, import-export practices, the lack of research and development in Italian companies, the IPR, the new environmental protection law, the labor cost and the future prospective that seems to be positive for the Italian community in China.
Talking about sectorial opportunities, Fabrizio Grillo of Bracco, discussed the current situation and strategies implemented by the mulmultinational Bracco in China.
During the meeting, there was a chance to network and debate. The supported debate arguments mainly cantered around the 2025 Made in China for the “China manufacturing” and the BRI, Belt Road Initiative.
B&P attended the events, for more information contact us at: info@barbatelli.net
Milan, 5th July 2019 – Italy’s stock exchange organized…
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Milan, 5th July 2019 - “Borsa Italiana”, Italy's stock exchange, organized a seminar focused on the Belt & Road Initiative - ITALY AND THE NEW SILK ROAD.
The seminar program was divided into various topics addressed by various speakers of relief in Italy and China. The seminar introduced the initiative from a general point of view, addressing current developments in China and diving deeper into specific aspects of the initiave.
An important point that was discussed is the current and future role that Europe will play and relatedly explaining the opportunity and role Italy will be partaking in this global Initiative.
June 30th 2019 – Updated Negative Lists regarding foreign…
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June 30th 2019 - Updated Negative Lists regarding foreign investment in China.
On June 30th the National Development and Reform Commission and the Ministry of Commerce published two updated negative lists regarding foreign investment in China.
The negative lists show the sectors in which foreign investment is restrained. One list is applicable to free trade zones and the other one is applicable to the rest of the country. The reduction of the “negative” list items shows that China is promoting a greater market for foreigner investors and at the same time also that less and less industries are restricted.
The list applicable to the FTZ has restricted business for 8 industries thus reducing the total industry count from 45 to 37.
Limitations for foreign investments have been removed in the following sectors:
- Fishing in geographic aquatic areas under China’s jurisdiction and inland waters;
- Exploration and mining of molybdenum, tin, antimony and fluorite;
- Publication printing;
- Xuan paper and Chinese ink ingot Production;
- Construction and operation of pipeline networks for gas and heat in cities with the population over 500,000 persons;
- Domestic shipping agency;
- Development of wildlife resources originating in China under State Protection;
- Construction and operation of cinemas.
The list applicable in the rest of the country has been reduced from 48 to 40 industries.
The businesses sectors removed from the negative list are:
- Exploration and exploitation of oil and natural gas;
- Exploration and mining of molybdenum, tin, antimony and fluorite;
- Production of Xuan paper and Chinese ink ingot;
- Construction and operation of pipeline networks for gas and heat in cities with the population over 500,000 persons;
- Domestic shipping agencies;
- Development of wildlife resources originating in China under State protection;
- Construction and operation of cinemas;
- Performance brokers.
New updated negative lists:
Special Administrative Measures for Access of Foreign Investments (Negative List) (2019 Edition)
https://docs.wixstatic.com/ugd/02e245_6700578467574b92953cadc36e625bc2.pdf
Special Administrative Measures (Negative List) for Foreign Investment Access in Pilot Free Trade Zones (2019 Edition)
https://docs.wixstatic.com/ugd/02e245_fd0b85b2ddd7451881d7eb999222021f.pdf