The geopolitical landscape is shifting. As the US focuses inwards, China is emerging as the champion of globalisation and trade.
It has introduced financial reforms, is promoting the remnimbi as a global currency and has ambitious plans to create 'one belt, one road,' a vast economic corridor covering 74 countries. We have been in mainland China for over 30 years and are helping clients to identify the issues and trends that will have a significant impact on their businesses.
Greater China Region: The Development of The Green Bond Market
The governments and agencies within the greater China region have continued at their respective pace with the advancement of China’s green financing. Over the course of the past five years, regulators in the greater China region, including those of Mainland China and the Special Administrative Regions of Hong Kong and Macau, have announced and implemented a number of policies and guidelines in support of the overall policy direction on green financing. Read more here.
Trends in global financial regulation: China's search for global capital
With protectionism and deglobalisation on the rise in Europe, the US and elsewhere, China, by contrast, is championing globalisation. Its financial system is still relatively closed to international access, but the Chinese government has recently taken steps to open up access to its financial markets to foreign investors, in order to seek global capital.Although it remains at a relatively early stage, legislative changes such as the new Foreign Investment Law and links to the global financial system including Shanghai-Hong Kong Stock Connect are already having an impact and China’s influence in global financial markets may grow significantly if this trend continues. Read more here.
China's blueprint for its pharmaceutical sector
China has stepped up its legislative reform of the pharmaceutical sector to drive down prices, improve access to new drugs and foster generic competition with brand name drugs. These policies have had a wide-ranging impact on the industry and led many drug companies to restructure their China-based portfolio of drugs, sales model and investment strategy, creating new opportunities for international and domestic players alike. Clifford Chance experts assess the changing regulatory landscape as the Chinese government puts quality and affordability at the centre of its healthcare policy agenda. Read more here.
Shanghai-London Stock Connect: An overview of the rules and requirements
This report was prepared in conjuction with the London Stock Exchange and assesses the regulatory framework for the introduction of the Shanghai-London Stock Connect (Stock Connect) programme. Read more here. For the Chinese version, please click here.
China, Tech and the need for global standards
Protectionism and a looming tech war between China and the West may dominate current headlines, but there is an urgent need to work together to develop global frameworks around innovation and the safety of technology, Jeroen Ouwehand, Global Senior Partner, said at a conference on China’s economic future hosted by Chatham House. In this extract from his speech, Ouwehand discusses digital borders, data flows and ethics and artificial intelligence. Read more here.
Shanghai-London Stock Connect: What do Chinese companies need to consider?
Shanghai-London Stock Connect – a stock exchange trading link – will allow investors to more easily trade depositary receipts representing shares cross-border and is a signal that the Chinese government is keen to increase foreign access to its financial markets. Read more here. For the Chinese version, please click here.
English Law and International Arbitration for China's Belt and Road
Belt and Road Initiative (BRI) projects involve complex contractual arrangements with numerous parties including investors, financiers, consultants and advisers, construction contractors and government or state-owned enterprises. Many projects are both politically and technically challenging. Investors potentially face political instability, project delays, cost overruns and possibly, in the worst case, even project abandonment. With a myriad of different legal and regulatory systems potentially involved in cross-border infrastructure projects, the risks of disputes arising are real. Read more here.
Davos 2019: The next global crisis – are we ready?
China and the US are heading towards a new cold war which may radically alter the global economy, argued Nouriel Roubini, Professor of Economics at New York University's Stern School of Business at an event hosted by Clifford Chance in Davos. Read more here.