Monthly Archives: March 2016

Shanghai Gains Muscles as Leading Financial Center

Shanghai has become the nation’s financial center and a global center for yuan trading, pricing and clearing, officials said recently. Cross-border yuan business consolidated Shanghai’s position as a global yuan center, said Zhang Xin, deputy director of People’s Bank of China Shanghai Headquarters. The city’s cross-border trade settlement in yuan reached 2.7 trillion yuan (US$415 billion) last...
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FTZ Push Drives Offshore Yuan Loans

Shanghai banks conducted offshore yuan lending of 66.1 billion yuan (US$10.2 billion) last year, a surge of 119 percent year on year, as they tapped financial reforms to transact more cross-border business, the city’s banking regulator said yesterday. “The expansion of the offshore business paid off after the city pushed forward the pilot free trade zone...
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New Fund Offers Flexible Financing to Small Tech Firms

Pudong New Area has launched a fund to combine equity and debt financing in a move to widen funding channels for small growth companies with core technologies and to encourage innovation. With a size of 131.5 million yuan (US$20.2 million), the fund combines equity investment and credit loans to offer funding solutions for small and...
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Forming a China WFOE: The Method and the Madness

One of the more challenging things about our work is making peace with how often the written law in China has no relation to what happens in the real world. Such disconnects fit into one of two broad categories: (1) routinely ignored laws and regulations and (2) rules imposed without any basis in law or...
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