Investment Working Group Position Paper 2018/2019

Investment Working Group Position Paper 2018/2019 - 投资工作组建议书2018/2019 Go back »

Published on:

2018-09-18
Category:

Position Paper
by:

Investment Working Group / Forum
Keywords:

investment

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Foreign investment is necessary for China to continually grow its economy and help the country meet its development goals. All companies exist to solve a specific problem in society or satisfy a particular need. Corporate investments are necessary for many companies to produce a product or provide a service to solve problems that are present in society. The more the market demands solutions to societal problems, the more investment is needed. The regulatory environment can either improve trust in the marketplace or create uncertainty, with the latter being a deterrent to investment. Due to China’s rising middle class, and growing demands from all parts of society, the country will need more international investments.

The Investment Working Group was created out of the European Chamber’s Private Equity and Strategic Mergers and Acquisitions (M&A) Working Group in March 2016, to provide a lobbying platform for all European investors in China. Its prime objective is to affect beneficial change in China’s investment environment on behalf of European investors with regard to regulation and market access, encompassing foreign direct and portfolio investment.

The Investment Working Group addresses European investor concerns in China, a particularly relevant task considering the ongoing negotiations for an EU-China Comprehensive Agreement on Investment (CAI), the plans for a new Foreign Investment Law, which is still in draft status, and the range of issues that China faces in reforming its capital markets. The working group seeks first to achieve a level playing field for foreign investors and second to provide a credible platform for exchanging expertise among active international investors in China.

The Investment Working Group appreciates the open dialogue on investment it has had with various Chinese regulatory bodies in China, such as the former State Council Legislative Affairs Office, the Ministry of Commerce (MOFCOM), the State Administration of Foreign Exchange (SAFE), the National Development and Reform Commission (NDRC) and the China Securities Regulatory Commission (CSRC). This open form of communication has helped to improve cooperation between government bodies and European businesses as well.

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