Multinational corporations in China have long complained that they are hobbled by red tape, rising costs and a Byzantine legal system. Although foreign direct investment growth is slowing, recent reforms suggest the Mainland will not necessarily lose its lustre. George W. Russell reports By George W Russell E-Mart, a large South Korean supermarket chain, announced its withdrawal from the Chinese… Read More China shakes out the welcome mat
By Marie-Claude Morin Energy, letter mail and liquor boards were set up as government monopolies for good reasons years ago. But are they now relics of an economic past that’s holding us back? Although some countries such as Australia have privatized many of their government corporations, such enterprises are still very present in the global… Read More For the public good
Mid-tier firms are finding that size does matter, as they respond to a stricter compliance environment and try to get their heads, and hands, around big data. Hong Kong’s mid-tier firms are experiencing growing pains. Bridging the gap in the market between small audit-based accounting firms and the increasingly advisory-focused space the Big Four occupy,… Read More Growing Pains
By Rob Lant The ubiquity of the satnav can give the impression that the humble road map is redundant, a thing of the past. But sometimes, such as when you are planning a long journey, it’s helpful to see the big picture – to understand not just the next turn but see the route in… Read More The road map to where?
by Jemelyn Yadao Unwieldy and unyielding, Mainland state-owned enterprises have long been urged to reform. With restructuring once again on the front burner, Jemelyn Yadao looks at the latest developments and how CPAs can contribute. China Ocean Shipping Company, the second largest container line in the world, is making a comeback. Once a byword for… Read More Fixing China’s state-owned enterprises
By George W. Russell A plethora of bilateral and regional free trade agreements are complicating cross-border transactions. George W. Russell looks at whether such deals actually break down barriers or instead create a regulatory minefield for financial professionals. The Bergquist Company, based in the United States, is in the business of making and selling thermally… Read More Are Trade Agreements Creating Regulatory and Compliance Headaches for Finance Professionals?