Specialty Consulting!
Specialty consulting will provide the investors or businesses invaluable insight into the local business environment,
through Allied's business bridges:
1. City introduction
2. Favorable Investment Policies
3. Basic Investment
Environment
a. Taxation & relative favorable
policies
b. Employment & Salary Structure
4.
Standard Investment Documents
a. Feasibility
studies
b. Formal Contracts
c. Articles of Incorporation
d. Working Agreements
5. Introduction to appropriate city departments and Public Officials
Our Mission:
To provide the best business advice in Liaoning to create
innovative solutions, and participate in the success of our clients and local partners in contributing
to the development of our region.
The Management...
Mr. Qian Xiao Qiu is the General Manager of Allied China.
Mr. Qian is a Graduate of Nanjing Engineering College, and served as a Director in the Technical Introduction Department of
the Shenyang Municipal Planning and Economic Commission, and as Managing Director and General Manager of the Shenyang International
Trade and Investment Company.
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New
Regulations on Foreign Acquisitions of Domestic Enterprises
Not long ago the Ministry of Foreign
Trade and Economic Cooperation, the State Bureau of Taxation, the State Administration for Industry and Commerce, and the
State Administration of Foreign Exchange jointly issued Provisional Regulations Concerning Acquisition of Domestic Enterprises
by Foreign Investors. These specify the principles, procedures, examination and approval of such acquisitions. The regulations,
which came into effect on April 12, 2003, mean that more fields are open to foreign investors. They represent a breakthrough
in that they specify the rights and obligations of foreign investors and domestic enterprises, clarify the right of credit
and liability, and protect the interests of both sides (source: China Today May 2003)
The implementation of these new Provisional Rules
means more investment fields are now opened to foreign investors and foreign acquisition will become a long-lasting craze
on the domestic securities market. This does not, however, mean that all Chinese listed companies will be attractive to foreign
investors.
Enterprises with
potential investment opportunities fall into six categories:
1. Companies
with a competitive edge in their industries, such as Yantian Port, Shanghai Port Container, Shenzhen Airport and Shenzhen
Vanke
2. Those which
have already established joint venture co-operation with foreign investors, such as Beijing Capital Tourism, Tianjin Automotive,
and Rare Earth High-Tech
3. Large and
medium-sized enterprises who are appropriate for industrial restructuring and whose operations are poor. Enterprises with
high market barriers and heavy historic burdens, are expected to attract foreign investors if they enjoy policy support and
the quality of their holding assets is good
4. Companies
in industries where the state formerly restricted or banned foreign investment, such as aviation, communication and transportation,
power and travel service. The monopoly in these industries is being broken and the companies in these industries need to expand
their market share
5. Companies
which have listed foreign capital shares overseas, mainly B-share companies with overwhelming main operations, considerable
capacity and position in their respective industries and good performance
6. Companies
in areas where opening-up is much encouraged by the local government, for example the seven fields in which the Shanghai municipal
government encourages foreign investment, including energy, communication, raw materials, high-tech, environmental protection,
and transformation of state-owned enterprises. After a new system for administration of state assets is developed, these areas
will probably experiment with the opening of some industries in which foreign investment is currently restricted or banned.
Accordingly, foreign acquisitions will increase in these fields.
Foreign acquisition is a major form of international investment. Among the listed companies in China,
those in the textiles, garments, building materials, machinery, instruments, biomedicine, transportation and computers involve
a high rate of foreign equity investment.
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