https://www.scmp.com/rss/322448/feed The mainland leadership has made the globalisation of Chinese firms a key part of its economic reform plans, looking to establish the nation as a major provider of value-added and high-end goods and services. The South China Morning Post has examined in a series of articles the key industries targeting overseas expansion. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Xiaofei Xu,He Huifeng Xiaofei Xu,He Huifeng With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. When Lawrence Wong decided to set up a toy factory in Vietnam last year, he had a clear plan: 600 square metres (6,458 sq ft) of floor space at the start of 2026, with... https://www.scmp.com/economy/china-economy/article/3350477/chinese-manufacturers-recalibrate-overseas-expansion-plans-wake-iran-war?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3350477/chinese-manufacturers-recalibrate-overseas-expansion-plans-wake-iran-war?utm_source=rss_feed Fri, 17 Apr 2026 22:00:09 +0000 Fan Chen,Zhao Ziwen Fan Chen,Zhao Ziwen China has vowed to firmly safeguard its overseas interests – a core objective reaffirmed in its latest five-year plan – at a time when global volatility is testing supply chains and regional influence. Foreign Minister Wang Yi said on Sunday that Beijing would continue to strengthen its capacity to protect Chinese interests and citizens abroad, put the people first, and develop a global system for security and risk prevention. According to analysts, his remarks reflect the growing pressures on... https://www.scmp.com/news/china/diplomacy/article/3345902/world-full-turmoil-china-stands-firm-mountain-compatriots?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3345902/world-full-turmoil-china-stands-firm-mountain-compatriots?utm_source=rss_feed Mon, 09 Mar 2026 01:00:14 +0000 Haining Gao Haining Gao – https://www.scmp.com/plus/article/3336168/chinese-companies-expand-globally?utm_source=rss_feed https://www.scmp.com/plus/article/3336168/chinese-companies-expand-globally?utm_source=rss_feed Fri, 12 Dec 2025 04:42:28 +0000 Ningrong Liu Ningrong Liu A quiet transformation is weaving itself into the fabric of Hong Kong. In recent years, the city’s social and business circles have been energised by a wave of newcomers from across the Chinese mainland. They have brought with them a culinary revolution – restaurants serving flavours from fiery Sichuan to delicate Zhejiang now dot neighbourhoods once dominated by Cantonese fare. And these tables are magnets for a new cohort of ambitious entrepreneurs, who speak of supply chains stretching into... https://www.scmp.com/opinion/hong-kong-opinion/article/3335639/how-hong-kong-became-trusted-bridgehead-china-firms-going-out?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3335639/how-hong-kong-became-trusted-bridgehead-china-firms-going-out?utm_source=rss_feed Thu, 11 Dec 2025 01:30:08 +0000 Luna Sun Luna Sun The electric vehicle (EV) industry, formerly one of China’s most inward-focused industrial sectors, is now leading a push overseas, carrying the government’s hopes of forging an offshore economic empire to sidestep cutthroat competition at home. Last year, for the first time, Chinese EV companies invested more overseas than they did at home, despite higher costs, delays and risks abroad, according to a report published by Rhodium Group on Monday. That marked a historic shift after years of... https://www.scmp.com/economy/china-economy/article/3322247/how-ev-industry-driving-chinas-going-global-strategy?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3322247/how-ev-industry-driving-chinas-going-global-strategy?utm_source=rss_feed Mon, 18 Aug 2025 13:00:08 +0000 June Xia June Xia In a leafy Los Angeles garden, a mafia boss dressed in a flamboyant white suit stands at an altar, shooting wildly into the rows of seats in front of him as his guests dive for cover. The wedding has been infiltrated by a team of assassins, but the young don is not going down without a fight. He continues to fire at his enemies, using his body to shield his petite bride from the flying bullets. “Cut!” director Xiang Sining cheerfully shouts from behind the monitor. That’s a wrap for Kidnapped by... https://www.scmp.com/economy/global-economy/article/3322032/chinese-vertical-dramas-are-booming-america-should-hollywood-be-worried?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3322032/chinese-vertical-dramas-are-booming-america-should-hollywood-be-worried?utm_source=rss_feed Sat, 16 Aug 2025 22:00:25 +0000 Wang Huiyao Wang Huiyao At a recent Singapore conference on Chinese companies going global, I spoke on deglobalisation and the emerging contours of Globalisation 3.0. Perhaps more than ever, we need to look ahead to new ideas and concepts to tackle whatever the future holds. When China started its reform and opening up in 1978, its economy, shaped by autarkic experience and self-reliance, was still “in China for China”. In tapping world-changing market forces, the economy entered a period of “in China for the world” as... https://www.scmp.com/opinion/china-opinion/article/3315681/chinese-companies-can-spearhead-new-wave-globalisation?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3315681/chinese-companies-can-spearhead-new-wave-globalisation?utm_source=rss_feed Thu, 26 Jun 2025 08:30:08 +0000 Xiaofei Xu Xiaofei Xu When Agosto Bodo took a job at a Chinese law firm’s Budapest office last year, he found himself catapulted into the centre of a China-fuelled investment boom. Yingke Law Firm, a major player in Chinese corporate law, had opened the new office to serve a wave of Chinese companies looking to open factories in Hungary. And the business was quickly gaining momentum. “We helped our clients with sourcing labour, looking for offices – we provided the whole service to help them overcome the language and... https://www.scmp.com/economy/china-economy/article/3313686/how-hungary-became-chinas-new-factory-hub-heart-europe?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3313686/how-hungary-became-chinas-new-factory-hub-heart-europe?utm_source=rss_feed Mon, 09 Jun 2025 22:00:07 +0000 Yuke Xie Yuke Xie Pop Mart, the company behind the hit collectible character Labubu, was virtually unknown outside mainland China before 2024, but now some analysts are comparing its success to that of Sanrio and its Hello Kitty property, suggesting that the Beijing toymaker could have created a new playbook for cultural exports. Labubu, a sharp-fanged but cute little monster that is often sold as a plush clip-on charm for handbags, has attracted high-profile fans including the family of football star David... https://www.scmp.com/business/companies/article/3312704/labubu-next-hello-kitty-analysts-debate-limits-chinas-pop-mart?utm_source=rss_feed https://www.scmp.com/business/companies/article/3312704/labubu-next-hello-kitty-analysts-debate-limits-chinas-pop-mart?utm_source=rss_feed Mon, 02 Jun 2025 23:30:08 +0000 Yujie Xue Yujie Xue Xiamen Hithium Energy Storage Technology, the world’s third-largest energy storage system (ESS) battery manufacturer, is ramping up production overseas in response to heightened US-China tensions and rising tariffs impacting Chinese exports. Hithium plans to start production at its Texas factory in the second half of this year and hire at least 200 staff locally, said Sun Minghuang, the director of strategic marketing, in an exclusive interview. “We are determined to go global, and localisation... https://www.scmp.com/business/china-business/article/3312121/chinese-battery-maker-hithium-expands-global-footprint-amid-us-china-rift-rising-demand?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3312121/chinese-battery-maker-hithium-expands-global-footprint-amid-us-china-rift-rising-demand?utm_source=rss_feed Wed, 28 May 2025 23:30:08 +0000 Xiaofei Xu Xiaofei Xu Hundreds of fans were already waiting in line – some young, some old, some pushing prams – when Camille Lacroix arrived at the opening of Chinese toy giant Pop Mart’s latest Paris location in the La Défense business district last month. “I arrived at 10am, but guess how many people were already there before?” she wrote in a post about her visit on TikTok. “Spoiler: it was crazy.” Others who survived the opening day crush flocked to the comment section to share their experiences. “I arrived at... https://www.scmp.com/economy/china-economy/article/3310651/how-europe-went-crazy-chinese-blind-box-toys-and-why-it-matters?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3310651/how-europe-went-crazy-chinese-blind-box-toys-and-why-it-matters?utm_source=rss_feed Sat, 17 May 2025 08:00:10 +0000 Yujie Xue Yujie Xue Sany Heavy Industry, one of China’s largest heavy equipment manufacturers, plans to use the sum of up to US$1.5 billion that it could raise in a proposed Hong Kong initial public offering (IPO) to support global expansion, despite ongoing trade tensions between China and the US, according to an executive. The Shanghai-listed company will use the capital to expand its sales and service networks outside China, Jiang Qingbin, vice-president of parent company Sany Group told the Post on Friday. The... https://www.scmp.com/business/banking-finance/article/3309810/heavy-equipment-maker-sany-eyes-doubling-overseas-revenue-after-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3309810/heavy-equipment-maker-sany-eyes-doubling-overseas-revenue-after-hong-kong-ipo?utm_source=rss_feed Sun, 11 May 2025 03:00:14 +0000 Ralph Jennings Ralph Jennings When I found Mao Gao in Vietnam, the Chinese national had just finished one of the country’s signature flavoured coffees at a pavement cafe and was getting ready for a smoke. Unlike most people I met on a late April visit to Bac Ninh, a flat hazy factory city north of the capital Hanoi, Mao was not in a hurry to push on. He was not, that is to say, anxious about his Vietnam investments getting caught in the crossfire of the US-China trade war that has sent tariffs on both sides soaring to the... https://www.scmp.com/economy/global-economy/article/3309076/vietnam-feels-china-20-years-ago-and-its-bringing-neighbours-closer-together?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3309076/vietnam-feels-china-20-years-ago-and-its-bringing-neighbours-closer-together?utm_source=rss_feed Mon, 05 May 2025 13:00:10 +0000 Yujie Xue Yujie Xue Xpeng, a maker of premium electric vehicles (EVs), chose Hong Kong as its first stop outside mainland China to set up a self-branded supercharging station, as the industry’s ambition extends to charging technologies. On Friday, the company said it would partner with Malaysian car distributor Sime Darby to build its first charging station in Hong Kong’s Convention Square in Wan Chai. Xpeng would be the first mainland-based company to set up a self-branded supercharging network in the city, it... https://www.scmp.com/business/article/3303372/xpeng-sets-first-self-branded-ev-supercharging-station-hong-kong?utm_source=rss_feed https://www.scmp.com/business/article/3303372/xpeng-sets-first-self-branded-ev-supercharging-station-hong-kong?utm_source=rss_feed Fri, 21 Mar 2025 10:15:17 +0000 Yujie Xue Yujie Xue Chinese miners have accelerated their investments in critical mineral projects overseas to support electric vehicle (EV) adoption and clean energy development, as Beijing seeks to secure more minerals amid geopolitical tensions. “Our long-term strategy is focused on key technologies that promote a low-carbon future,” said Xu Jiqing, the chairman of MMG, in an interview on Wednesday. “China’s urbanisation is far from over and the global trend towards decarbonisation is growing, as well as the... https://www.scmp.com/business/china-business/article/3301361/cleantech-mineral-security-demand-drive-china-miners-overseas-buying-spree-mmg-chair?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3301361/cleantech-mineral-security-demand-drive-china-miners-overseas-buying-spree-mmg-chair?utm_source=rss_feed Thu, 06 Mar 2025 13:15:34 +0000 Yuke Xie Yuke Xie Chinese budget lifestyle retailer Miniso Group envisions a global network of 40,000 stores to capitalise on a growing trend of “interest-driven” consumption by offering high-margin products centred on popular entertainment franchises, according to top executives. “Interest-driven consumption, where young shoppers are increasingly willing to pay for happiness and a sense of satisfaction, is an inevitable trend,” Ye Guofu, the company’s founder and CEO, said on Tuesday during a press event in... https://www.scmp.com/business/companies/article/3284365/chinas-miniso-aims-expand-10000-shops-globally-2027-high-margin-push?utm_source=rss_feed https://www.scmp.com/business/companies/article/3284365/chinas-miniso-aims-expand-10000-shops-globally-2027-high-margin-push?utm_source=rss_feed Wed, 30 Oct 2024 00:30:14 +0000 With globalism under savage attack by the Trump administration, it may not appear to be an opportune time for Beijing to be hosting a forum on China and globalisation, involving former Chinese ministers and others. Yet this is the very moment when globalisation needs help, if planet Earth and its inhabitants are to survive, let alone thrive and prosper. Someone needs to take a lead and if that is China, then power to its arm while the United States recovers from its ignominious retreat under... https://www.scmp.com/comment/opinion/article/3108851/chinas-trying-revive-globalisation-it-cant-do-it-its-own?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3108851/chinas-trying-revive-globalisation-it-cant-do-it-its-own?utm_source=rss_feed Sun, 08 Nov 2020 09:15:20 +0000 Chinese entrepreneurs must ready themselves for a digitalised and globalised world and look beyond immediate difficulties, according to Alibaba founder Jack Ma. “Globalisation was led by developed countries and large enterprises in the past, but it will be led by developing countries and small businesses in the future,” Ma told the China Green Companies Summit, an event hosted by the China Entrepreneur Club, on Tuesday. “Anyone with a mobile phone can run a globalised business … in the last... https://www.scmp.com/economy/china-economy/article/3103716/jack-ma-chinas-entrepreneurs-must-be-ready-globalised?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3103716/jack-ma-chinas-entrepreneurs-must-be-ready-globalised?utm_source=rss_feed Wed, 30 Sep 2020 12:15:06 +0000 Many non-Americans (and likely many Americans) would have been amazed at the dirty linen being aired on global news networks over the past week. Given the tense arguments between municipal, state and federal leaders in the United States, it seems like the country is facing disunity unseen since its Civil War. It is still surprising that the US – the world’s largest and most advanced economy – is clearly struggling to make and procure basic medical equipment. One of the world’s great cities – New... https://www.scmp.com/week-asia/opinion/article/3078386/coronavirus-has-exposed-diseased-heart-global-economy?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3078386/coronavirus-has-exposed-diseased-heart-global-economy?utm_source=rss_feed Sun, 05 Apr 2020 10:45:11 +0000 It was only in recent years, as I take friends and family back to visit my childhood home, that I realised just how small – quite literally – that childhood world had been. The river I used to wade in to catch sticklebacks and freshwater crayfish was just 100 yards from my home. The fields where my father took me in darkness before dawn to pick horse mushrooms, or hazelnuts and sweet chestnuts, were just half a mile away. My school was a 10-minute bike ride away. Most of our food came from my... https://www.scmp.com/comment/opinion/article/3076279/how-coronavirus-shutdowns-are-redrawing-supply-chains-and?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3076279/how-coronavirus-shutdowns-are-redrawing-supply-chains-and?utm_source=rss_feed Sun, 22 Mar 2020 19:00:11 +0000 Victor Fung Kwok-king, the honorary chairman of global supply-chain manager Li & Fung, has stepped down from some of his official roles and plays less golf than he used to. But apart from that, there has been no let-up in his jet-setting lifestyle. Fung, 74, spoke at 31 seminars and conferences around the world in the past two years at the rate of more than one every month, 10 of which were on globalisation, a subject very close to his heart and the source of three generations of wealth for his... https://www.scmp.com/business/companies/article/3040763/globalisations-tireless-advocate-victor-fung-feted-lifetime?utm_source=rss_feed https://www.scmp.com/business/companies/article/3040763/globalisations-tireless-advocate-victor-fung-feted-lifetime?utm_source=rss_feed Fri, 06 Dec 2019 00:00:12 +0000 Fuyao Glass Industry Group, which shot to fame recently thanks to the popular documentary American Factory, has come a long way from its founding as a countryside plant three decades ago to dominate a quarter of the global car glass market. Seen by many as a flagship of China’s manufacturing prowess, the company now faces a grave challenge today – the slowdown in the country’s car market following years of breakneck expansion. But investors and analysts are overall confident Fuyao could find new... https://www.scmp.com/business/china-business/article/3025008/how-fuyao-glass-centre-documentary-american-factory-became?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3025008/how-fuyao-glass-centre-documentary-american-factory-became?utm_source=rss_feed Sun, 01 Sep 2019 03:30:41 +0000 A Chinese battery maker carved out of China’s biggest sport utility vehicle manufacturer, Great Wall Motors, on Tuesday said it was planning its first overseas manufacturing base in Europe. SVOLT Energy Technology, which became independent in 2018, also said it was making “good progress” on developing a cobalt-free lithium-ion battery, a goal of battery producers aiming to eliminate the pricey and increasingly scarce mineral. “We plan to have five production bases worldwide, including in the... https://www.scmp.com/business/companies/article/3017851/svolt-battery-firm-linked-chinese-suv-maker-great-wall-build-20?utm_source=rss_feed https://www.scmp.com/business/companies/article/3017851/svolt-battery-firm-linked-chinese-suv-maker-great-wall-build-20?utm_source=rss_feed Tue, 09 Jul 2019 08:12:04 +0000 Sany Heavy Industry, China’s biggest heavy machines manufacturer by sales, last week started assembling from scratch hydraulic excavators at its US headquarters in suburban Atlanta, Georgia. The company is putting together its SY215 and SY265 models from broken-down parts sourced from China, as well as the United States, Japan and South Korea, in what is known as completely knocked-down production. Until October 2018, it was importing only complete machines from China. “They are in the... https://www.scmp.com/business/companies/article/3017687/chinese-excavator-giant-sany-digs-long-haul-sidesteps-trump?utm_source=rss_feed https://www.scmp.com/business/companies/article/3017687/chinese-excavator-giant-sany-digs-long-haul-sidesteps-trump?utm_source=rss_feed Mon, 08 Jul 2019 14:00:21 +0000 More Chinese industrial companies – from electric car battery makers to pharmaceuticals – are looking to build manufacturing plants in Europe to be closer to their customers, according to the regional head of German factory builder Exyte. Plans for expansion in Europe are becoming particularly popular among firms in China’s biotechnology and pharmaceutical sectors, where meeting European standards and certification are required for market entry. Chemical and electronics firms are also making... https://www.scmp.com/business/article/2189414/more-chinese-industrial-firms-are-building-their-factories-europe-says-head?utm_source=rss_feed https://www.scmp.com/business/article/2189414/more-chinese-industrial-firms-are-building-their-factories-europe-says-head?utm_source=rss_feed Mon, 11 Mar 2019 00:59:19 +0000 MMG, the overseas mining unit of state-owned China Minmetals, will press on with its goal to rank among the world’s “top mid-tier” mining firms by next year despite the challenges it faces in Peru, its most profitable market, said its chief executive. To realise the target it first unveiled in 2014, the Hong Kong-listed firm will keep an eye out for potential acquisition targets in the mining hot spots of South America, Africa and Australia, said Geoffrey Gao Xiaoyu, who took the helm last... https://www.scmp.com/business/companies/article/2189097/metals-miner-mmg-keeps-eye-out-overseas-acquisitions-it-tackles?utm_source=rss_feed https://www.scmp.com/business/companies/article/2189097/metals-miner-mmg-keeps-eye-out-overseas-acquisitions-it-tackles?utm_source=rss_feed Thu, 07 Mar 2019 23:02:57 +0000 It has taken almost four years but China’s Lenovo Group has begun to see some rewards from the multibillion dollar acquisitions of IBM’s commodity server business and Google’s Motorola Mobility smartphone unit, with the company recently regaining the crown from HP as the world’s biggest personal computer (PC) maker. The company in November posted a third, straight quarter of profit growth as its Motorola business broke even operationally and as its data centre unit posted much-reduced losses of... https://www.scmp.com/tech/article/2180685/lenovos-chairman-says-worst-over-pc-giant-and-intelligent-transformation-set?utm_source=rss_feed https://www.scmp.com/tech/article/2180685/lenovos-chairman-says-worst-over-pc-giant-and-intelligent-transformation-set?utm_source=rss_feed Sun, 06 Jan 2019 23:00:37 +0000 Ruyi Holding Group, the Chinese apparel firm that is taking over Bally International AG, will slow its deal making after announcing more than US$4 billion of overseas acquisitions in the past three years. The company would focus on integrating existing brands and ease its mergers and acquisitions pace in the short to medium term, chairman Qiu Yafu said on Monday in Hong Kong. In the future, Ruyi would only consider buying labels that are profitable and have high growth potential, according to... https://www.scmp.com/business/companies/article/2172813/ruyi-chinas-lvmh-slows-acquisition-pace-after-us4-billion-global?utm_source=rss_feed https://www.scmp.com/business/companies/article/2172813/ruyi-chinas-lvmh-slows-acquisition-pace-after-us4-billion-global?utm_source=rss_feed Mon, 12 Nov 2018 10:26:12 +0000 As China globalises its economy, builds itself an international financial centre and internationalises the yuan, one obstacle has steadfastly stood in the way: the Chinese language. The limited use in global finance and business of the language because of its complexity, said analysts, would have hindered Beijing’s efforts to increase the use of the yuan in global payments and transactions. That may change as global financial messaging provider Society for Worldwide Interbank Financial... https://www.scmp.com/business/banking-finance/article/2165580/how-global-payment-system-cashes-yuans-increased-use-learn?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2165580/how-global-payment-system-cashes-yuans-increased-use-learn?utm_source=rss_feed Wed, 26 Sep 2018 01:33:54 +0000 Zhejiang Geely Holding Group, a leading mainland Chinese carmaker and owner of Volvo, vowed to press on with its expansion into global markets undeterred by the US-China trade war, company officials said on Wednesday. The company would start to sell its Lynk & Co brand cars in eastern Europe as early as next year, and had already set up the framework of a feasibility study on cooperation with Malaysian carmaker Proton to enter Malaysia, said Gui Shengyue, chief executive of the Hong Kong-listed... https://www.scmp.com/business/china-business/article/2160898/volvos-chinese-owner-geely-expands-europe-and-southeast-asia?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2160898/volvos-chinese-owner-geely-expands-europe-and-southeast-asia?utm_source=rss_feed Wed, 22 Aug 2018 13:31:23 +0000 CEFC Shanghai International Group, a unit of the country’s largest private oil conglomerate CEFC China Energy, said on Monday it failed to repay principal and interest on 2.1 billion yuan ($306 million) worth of commercial paper due on August 20. The unit said it defaulted because operations had been seriously affected by recent negative events at the company, and it is actively raising funds to repay investors. The announcement was made in a statement via the Shanghai Clearing House. Earlier... https://www.scmp.com/business/china-business/article/2160544/oil-giant-cefc-chinas-debt-woes-widen-unit-defaults?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2160544/oil-giant-cefc-chinas-debt-woes-widen-unit-defaults?utm_source=rss_feed Mon, 20 Aug 2018 12:11:29 +0000 China’s outbound mergers and acquisitions to the US in the first six months of the year shrank on heightened trade tensions with the US even as the mainland’s overall outbound deals grew and swung more towards Europe. The total Chinese outbound M&As have increased since the beginning of last year, but deals in the US have shrunk as the dispute escalated between US President Donald Trump and his Chinese counterpart Xi Jinping over duties and security on investments, culminating to this month’s... https://www.scmp.com/business/companies/article/2156157/trade-war-shrinks-chinese-companies-first-half-mergers-and?utm_source=rss_feed https://www.scmp.com/business/companies/article/2156157/trade-war-shrinks-chinese-companies-first-half-mergers-and?utm_source=rss_feed Sun, 22 Jul 2018 11:00:45 +0000 As the trade war with the US heightens concerns over the security of supplies – from soybeans to technologies – to the world’s biggest factory, China is building its first offshore commodities exchange, which it hopes will buy it a voice in influencing global prices beyond the ongoing dispute. Mainland China is the world’s biggest consumer of raw materials from energy to agriculture products, but it remains a price taker at the mercy of traders in Chicago, New York and London, as well as Dubai... https://www.scmp.com/business/china-business/article/2155531/how-does-largest-commodities-buyer-become-price-maker-owning?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2155531/how-does-largest-commodities-buyer-become-price-maker-owning?utm_source=rss_feed Tue, 17 Jul 2018 00:30:35 +0000 Multilateralism is under such intense pressure these days that a recent meeting of G20 foreign ministers at San Martin Palace in Buenos Aires felt the need to weigh in with a call for it to be preserved. In this time of budding trade wars, spats among good international friends and a disturbing lack of consensus on human rights and peace, it can often seem that disagreement on the way forward is actually a retreat from present standards. Perhaps what shines clearest from these unsettling woes is... https://www.scmp.com/comment/letters/article/2154109/trade-wars-loom-humble-mail-reminder-value-multilateralism?utm_source=rss_feed https://www.scmp.com/comment/letters/article/2154109/trade-wars-loom-humble-mail-reminder-value-multilateralism?utm_source=rss_feed Sun, 08 Jul 2018 06:30:15 +0000 China Jianyin Investment, the equity investment group spun off from China Construction Bank, remains adamant in pursuing foreign assets to proliferate China’s “soft power” even as Beijing tightened its oversight on overseas acquisitions of film, sports and entertainment businesses. Determined to capitalise on the vast potential of the mainland’s culture sector which encompasses entertainment, leisure, arts and publishing, the state-owned investment conglomerate (JIC) said it envisioned creating... https://www.scmp.com/business/china-business/article/2152100/chinas-state-owned-jianyin-investment-asserts-pursuit?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2152100/chinas-state-owned-jianyin-investment-asserts-pursuit?utm_source=rss_feed Sun, 24 Jun 2018 00:01:10 +0000 A unit of Chinese state-run conglomerate Citic Ltd will buy a near 20 per cent stake in Canada’s Ivanhoe Mines for about C$723 million (US$556 million), the companies said on Monday. Under the deal, Ivanhoe will issue 196.6 million shares to Citic Metal through a private placement, at a price of C$3.68 per share. Citic Metal will own 19.9 per cent of Ivanhoe Mines’ outstanding common shares after the placement, becoming Ivanhoe’s largest single shareholder. Ivanhoe said it would use the proceeds... https://www.scmp.com/business/companies/article/2150276/chinas-citic-buy-20-cent-stake-canadian-copper-miner-ivanhoe-u556?utm_source=rss_feed https://www.scmp.com/business/companies/article/2150276/chinas-citic-buy-20-cent-stake-canadian-copper-miner-ivanhoe-u556?utm_source=rss_feed Mon, 11 Jun 2018 14:13:12 +0000 China will inject 60.8 billion yuan (US$9.7 billion) into the beleaguered Anbang Insurance Group to ensure its solvency after ex-chairman Wu Xiaohui admitted fundraising fraud and embezzlement involving more than US$10 billion. The injection of cash from the government-run Insurance Protection Fund will take Anbang’s registered capital to 61.9 billion yuan, the China Banking and Insurance Regulatory Commission (CBIRC) said in a statement on Wednesday. Anbang’s ex-chief on trial for fraud and... https://www.scmp.com/business/companies/article/2140250/china-rescues-anbang-insurance-us10-billion-bailout-after-ex?utm_source=rss_feed https://www.scmp.com/business/companies/article/2140250/china-rescues-anbang-insurance-us10-billion-bailout-after-ex?utm_source=rss_feed Wed, 04 Apr 2018 07:00:52 +0000 Nicky Burridge Nicky Burridge The global luxury goods market is enjoying an upswing, thanks to growing wealth among mainland Chinese consumers, along with digitisation and “millenialisation” – adapting to young customers’ demand – that could further drive its growth. The market, valued at an estimated €1.2 trillion (US$1.48 trillion) in 2017, is projected to expand at an annual compound rate of 4 to 5 per cent by 2020, according to management consultancy Bain & Co. In China, sales of personal luxury goods – clothes, handbags... https://www.scmp.com/business/global-economy/article/2139639/can-digitalisation-and-millennial-shoppers-sustain-luxury?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/2139639/can-digitalisation-and-millennial-shoppers-sustain-luxury?utm_source=rss_feed Wed, 04 Apr 2018 01:30:33 +0000 Fosun International announced on Thursday that it had acquired a controlling stake in the 129-year-old French fashion house Lanvin, joining other Chinese companies that have recently bought top brands to capitalise on the demand for luxury products from wealthy mainlanders. Fosun did not disclose financial details of the deal, but said Lanvin’s current shareholders would retain a minority stake. “Fosun’s understanding of the brand and strong track record in the European and global market,... https://www.scmp.com/business/china-business/article/2134347/fosun-adds-another-luxury-brand-crown-it-takes-control?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2134347/fosun-adds-another-luxury-brand-crown-it-takes-control?utm_source=rss_feed Thu, 22 Feb 2018 12:53:28 +0000 China’s overseas investments declined sharply last year, but technology related buying remained active, as the country pursued a more strategic approach and encouraged companies to purchase advanced technologies in the West. While some previously aggressive buyers have retreated, Tencent Holdings and Alibaba Group Holding continue to lead the shopping spree, and have spent billions on buying overseas companies and their technology, which ranges from artificial intelligence and cryptocurrencies... https://www.scmp.com/business/companies/article/2133715/chinese-overseas-shopping-spree-slowed-2017-technology-buying?utm_source=rss_feed https://www.scmp.com/business/companies/article/2133715/chinese-overseas-shopping-spree-slowed-2017-technology-buying?utm_source=rss_feed Sun, 18 Feb 2018 08:06:48 +0000 China has tightened its scrutiny on offshore financing for insurers to trim their leverage levels and curb risky overseas investments amid a widening crackdown of the industry. Insurance companies’ outstanding offshore financing that is backed by domestic guarantees must be capped at 20 per cent of their net assets as of the end of the previous quarter, according to a joint notice from the mainland’s top insurance and foreign exchange regulators posted on Monday. They must also report any... https://www.scmp.com/business/banking-finance/article/2133071/china-tightens-scrutiny-insurers-offshore-financing?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2133071/china-tightens-scrutiny-insurers-offshore-financing?utm_source=rss_feed Mon, 12 Feb 2018 23:31:31 +0000 China’s efforts to connect with German stock market look set to come to fruition after white goods maker Qingdao Haier confirmed that it is studying the feasibility of issuing the so-called D shares in Frankfurt, following more than two years of preparations by regulators. A listing by a top Chinese firm on the China European International Exchange, known as CEINEX, will represent another significant step taken by Beijing to reinforce its country’s globalisation drive. D shares refer to the... https://www.scmp.com/business/global-economy/article/2132767/chinas-haier-mulls-d-share-issue-raise-funds-germany?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/2132767/chinas-haier-mulls-d-share-issue-raise-funds-germany?utm_source=rss_feed Fri, 09 Feb 2018 23:02:14 +0000 Mainland Chinese textile and apparel producer Shandong Ruyi Group has bought a controlling stake in Bally International AG, the 167-year-old Swiss luxury brand, its latest buy in a global shopping spree where it has picked up French fashion group SMCP and British trench coat maker Aquascutum. Ruyi, based in eastern Shandong province, has signed definitive agreements to buy a majority stake in Bally from its parent JAB Holding, JAB, which will retain a minority interest, said in a statement on... https://www.scmp.com/business/companies/article/2132758/chinese-textile-giant-buys-swiss-luxury-brand-bally-amid-global?utm_source=rss_feed https://www.scmp.com/business/companies/article/2132758/chinese-textile-giant-buys-swiss-luxury-brand-bally-amid-global?utm_source=rss_feed Fri, 09 Feb 2018 11:43:37 +0000 Beijing has been urged to respond to Donald Trump’s plans to cut taxes by improving the domestic business environment, open its markets wider and initiate fiscal reforms. The US tax cut bill that was passed by the Senate this week would be the biggest reductions in three decades and could create an irresistible trend for other countries to follow suit – as happened in the 1980s. Economists have said that could put pressure on China which is trying hard to woo investors and to stop domestic... https://www.scmp.com/news/china/economy/article/2123365/what-should-beijing-do-cope-donald-trumps-tax-cut-chinese-experts?utm_source=rss_feed https://www.scmp.com/news/china/economy/article/2123365/what-should-beijing-do-cope-donald-trumps-tax-cut-chinese-experts?utm_source=rss_feed Thu, 07 Dec 2017 13:15:45 +0000 China is considering allowing consumers to buy imported goods from e-commerce companies during the China International Import Expo, which will be held in November 2018. The fair, a national undertaking, is aimed at drawing more foreign companies to sell their products on Chinese soil and hopes to attract 150,000 institutional, domestic and foreign buyers. Deputy commerce minister Wang Bingnan, who heads a newly established bureau overseeing the fair, held a meeting in Shanghai this month to... https://www.scmp.com/business/china-business/article/2121639/beijing-hopes-next-years-import-expo-will-convince-domestic?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2121639/beijing-hopes-next-years-import-expo-will-convince-domestic?utm_source=rss_feed Sun, 26 Nov 2017 11:47:45 +0000 JP Morgan’s chairman and chief executive officer for Asia Pacific expects China to have at least a quarter of the world’s top 500 companies, and account for 20 per cent of global gross domestic product (GDP) within a decade from its current World Bank estimate of more than 14 per cent. In an exclusive interview, Nicolas Aguzin also told South China Morning Post that its progress in the financial technology (fintec) and consumer sectors would be especially dramatic, with emerging Chinese firms... https://www.scmp.com/business/companies/article/2120592/expect-huge-rise-global-influence-innovative-chinese-companies?utm_source=rss_feed https://www.scmp.com/business/companies/article/2120592/expect-huge-rise-global-influence-innovative-chinese-companies?utm_source=rss_feed Mon, 20 Nov 2017 00:02:43 +0000 Sinochem Group, China’s state-owned chemical major, denied on Tuesday it has any plans to bid for a US$4 billion stake being potentially offered in Chile’s SQM, one of the world’s largest lithium producers, a critical ingredient in electric-car batteries. Canada’s Potash Corp of Saskatchewan (PotashCorp) has been widely reported to have employed banks to handle the sale of its 32 per cent stake in SQM (Sociedad Quimica y Minerva de Chile). A spokesman for PotashCorp, appearing to confirm that a... https://www.scmp.com/tech/enterprises/article/2116695/sinochem-denies-bidding-us4b-stake-chilean-lithium-giant-sqm?utm_source=rss_feed https://www.scmp.com/tech/enterprises/article/2116695/sinochem-denies-bidding-us4b-stake-chilean-lithium-giant-sqm?utm_source=rss_feed Tue, 24 Oct 2017 04:08:09 +0000 Seventeen years after China launched its “going global” strategy to encourage domestic firms to invest more abroad, a new trend has emerged, with Western targets now starting to benefit from the rapid innovation and scale of the Chinese market, while at the same time becoming more appealing to global investors, said JP Morgan’s head of global investment banking in China. Last Friday, French fashion retailer SMCP – bought by Chinese textiles giant Shandong Ruyi Technology in 2016 and the owner of... https://www.scmp.com/news/china/policies-politics/article/2116475/chinas-going-global-enters-new-phase-western-firms?utm_source=rss_feed https://www.scmp.com/news/china/policies-politics/article/2116475/chinas-going-global-enters-new-phase-western-firms?utm_source=rss_feed Mon, 23 Oct 2017 00:33:03 +0000 At the Asia-Pacific Economic Cooperation (APEC) forum, you know something is becoming important when officials generate an acronym for it. So in Ho Chi Minh City a month ago, when the APEC Economic Committee decided to spend a day on something called “ODR”, I knew a big new initiative was afoot. The first challenge then was to discover what the acronym stood for without looking too stupid. The usually infallible Wikipedia lays a fascinating array of false trails – the Oregon Department of... https://www.scmp.com/business/companies/article/2111302/online-dispute-resolution-likely-become-godsend-smes-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/2111302/online-dispute-resolution-likely-become-godsend-smes-hong-kong?utm_source=rss_feed Fri, 15 Sep 2017 03:24:21 +0000 Hong Kong is such an international centre we often forget that elsewhere, they do things a little differently. And by failing to acknowledge that, many managers sent overseas accidental blunder and don’t land the deal, get a promotion or secure a contract to launch their company into a new market. Before you hop on a flight out of Chek Lap Kok to set up a new business overseas, it may be worthwhile taking a few hours to stop and linger in the airport lounge. Gift yourself some precious time to... https://www.scmp.com/business/companies/article/2102505/when-seeking-grow-your-business-across-borders-its-mindset?utm_source=rss_feed https://www.scmp.com/business/companies/article/2102505/when-seeking-grow-your-business-across-borders-its-mindset?utm_source=rss_feed Sat, 15 Jul 2017 02:01:23 +0000