Foreign shoe companies collectively come to China to sell shares and overseas investment approval authority is delegated
According to the “Beijing Morning News” report, the economic downturn has provided low-cost opportunities for corporate mergers and acquisitions, and with the increasing number of overseas mergers and acquisitions by Chinese companies, the implementation of the “Overseas Investment Management Measures” has also entered a countdown. According to Yao Jian, spokesperson of the Ministry of Commerce, according to the “Measures”, the further release of approval authority will enable the vast majority of overseas investment enterprises to only submit an application form and obtain the “Enterprise Overseas Investment Certificate” within 3 working days. 》. Allowing enterprises to “go global” in a short period of time and in a convenient service environment has been regarded by the government as an important measure to revitalize the current economy.
Compared with the current regulations, the “Measures” mainly include decentralizing approval authority, simplifying the approval process, highlighting management priorities, and strengthening The five major features of guiding services and proposing behavioral norms are planned to be implemented on 1 of May.
After the implementation of the Measures, the Ministry of Commerce will only retain the authority to approve a small number of major and sensitive overseas investments, including1U.S. dollars of overseas investment, foreign investment in specific countries, etc. This means that about 85% of overseas investment approval matters will be handed over to the competent departments of the provincial people’s governments in the future. The approval of the competent commerce department will focus on whether the investment affects bilateral political and economic and trade relations, harms national economic security, violates international obligations, and exists vicious competition.
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The United States CPSC delays the implementation of mandatory testing requirements
The U.S. Consumer Product Safety Commission (CPSC) website recently released news that the Commission The vote unanimously passed a resolution to postpone for one year the implementation of mandatory testing and certification for manufacturers and importers of some controlled products, including children’s products 12 years old and below.
This resolution delays some requirements of the U.S. Consumer Product Safety Amendment Act until 2010 On 2 month 10, the United States has irregularly updated a series of requirements such as mandatory standards for toys and the U.S. Consumer Product Safety Amendment Act in the past two years. , the only resolution that imposes relatively lower requirements on imported consumer goods.
The resolution is for 2 months10 this year The required testing limit for children’s toys in the Consumer Product Safety Amendment Act that took effect on the 20th is (the total lead limit 600ppm,phthalic acid The salt limit 1000ppm) provides a limited transition period. Manufacturers and producers of children’s products no longer need to comply with the new certification and testing standards, but only need to comply with the required limits for lead and phthalates in statutory toy standards and other related standards.
Foreign brands promote the upgrading of the underwear industry
Chinese consumers’ requirements for underwear have gradually risen to high-level demands for fabrics, quality, and brands.TOMMY and other international brands’ entry is promoting the escalation of competition in China’s high-end underwear market.
According to China Textile News, at present, in the Chinese underwear market, in addition to Triumph, Wacoal, Aimer and other consumers In addition to brands with high recognition, in the past two years, TOMMY, BABARA, CK, Victoria‘s secret and other international brands are also quietly entering China, and competition in China’s high-end underwear market is escalating.
Italian footwear companies collectively come to China to sell shares
According to the Beijing Times, Italian leather shoe manufacturing companies collectively came to China to sell equity. The reporter learned from the Beijing Equity Exchange yesterday that 7 Italian companies are listed for transfer here. Foreign companies have come to China for financing in large quantities, which has never happened before.
It is understood that the equity transfer ratio of these seven Italian shoe companies ranges from 1% to 100%, and the project deadline is December 31, 2019. North Exchange staff said that the stocks of these Italian leather shoe manufacturersThe rights transfer projects are all cooperation projects between the Milan Equity Exchange and the Beijing Stock Exchange. The project companies all belong to Italian mid-to-high-end market brands. Specific matters such as company name, project intention, financing transfer ratio, and transfer price require interested companies and The transferor conducts further negotiations. AAERT5Y4375JTY
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