Handling Internal Investigations in China: Special Considerations

Categories: China Business Ventures, Labor and Employment Law | By Peter Pang

As recently as the 1990s when investment in China was used primarily as a means of exploiting cheap labor resources, skepticism abounded as to whether China itself would ever become a consistently profitable market for Western companies. China’s consumption market has exploded since then, however, and this new prosperity has fueled a high demand for…

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Spotlight on the Enforcement of the U.S. Foreign Corrupt Practices Act: 2018 and Beyond

Categories: Blog, Business In China, Financing in the U.S. with Chinese Investors, Legal Updates | By Peter Pang

By Peter Pang* The Foreign Corrupt Practices Act (the “FCPA”) is a U.S. federal statute that requires companies to observe certain accounting transparency standards and prohibits individuals and companies from bribing foreign officials. Because of its international reach, it can be used to impose civil and criminal sanctions against both companies and individuals operating anywhere…

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Beware the Ides of March? China’s New Foreign Investment Law Passed on March 15, 2018

Categories: Blog, Business In China, China Business Ventures, Foreign Direct Investments | By Peter Pang

By Peter Pang* Foreign investment is big business in China. According to China’s state news agency, Xinhua, as of October 2018, nearly a million foreign-invested companies were registered to do business in China – and these are not shell companies either. Total foreign investment in China exceeds a staggering $2 trillion, larger than the annual…

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Transportation

Categories: Industries We Serve | By Chris Roberts

China already has the world’s largest network of high speed rails. It is the largest purchaser of airplanes and has the world’s largest contiguous airport complex. These statistics demonstrate that China is poised for greatness and poised for continued growth. With it, billions of dollars’ worth of contracts will be handed out to suppliers at…

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Telecommunications

Categories: Industries We Serve | By Chris Roberts

With over 1 billion television viewers, 700 million mobile phone users, 500 million cable television viewers, 350 million broadband users, and over 100 domestic and satellite television channels, Chinese telecommunication isn’t taking a backseat to anyone or anything. It is big business in China. While still mostly controlled by the Chinese government, many foreign enterprise…

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Retailing

Categories: Industries We Serve | By Chris Roberts

With the opening up of the local retailing licenses to foreign enterprises in China, many foreign enterprise clients are sweeping in to try retailing, and eventually franchising or licensing, first hand. This brings about its own unique set of issues, problems and opportunities. IPO Pang is experienced in assisting major international brands in opening up…

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Real Estate

Categories: Industries We Serve | By Chris Roberts

To say that there is a real estate boom in China is an understatement. Prices of both residential and commercial buildings have more than tripled on average within the last 5 years. It is not clear if the real estate industry in China is going to continue unmolested by the woes of the rest of…

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Medical

Categories: Industries We Serve | By Chris Roberts

The pharmaceutical, diagnostics and medical device industry in China is emerging. Although the sophistication level of many Chinese companies in the sector is high, local demand – at least for some of their products – is developing at only a modest pace. However, what the Chinese market doesn’t have in terms of ready-made markets, it…

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Manufacturing Sector

Categories: Industries We Serve | By Chris Roberts

China is the factory of the world and has been bestowed this honor year after year for the past 10 years. It doesn’t take long for someone to come to that same conclusion with a quick trip to the Guangdong province, or the area outside of Shanghai, Tianjin, Chengdu or Shenyang, where one sees literally…

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Information Technology

Categories: Industries We Serve | By Chris Roberts

Although China is the world’s largest Internet user, it is far from being the information technology capital of the world. For Developing World IT needs, many foreign enterprises have traditionally turned to India and possibly Russia as sources. This will not remain the case for long. The Ministry of Industry and Information Technology (MIIT) has…

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