Latest news with #ChinaInvestment
South China Morning Post
19 hours ago
- Business
- South China Morning Post
How Hungary became China's new factory hub in the heart of Europe
When Agosto Bodo took a job at a Chinese law firm's Budapest office last year, he found himself catapulted into the centre of a China-fuelled investment boom. Yingke Law Firm, a major player in Chinese corporate law, had opened the new office to serve a wave of Chinese companies looking to open factories in Hungary. And the business was quickly gaining momentum. 'We helped our clients with sourcing labour, looking for offices – we provided the whole service to help them overcome the language and culture barrier,' Bodo said. For Bodo, who started as an intern before becoming a director's assistant, it was an eye-opening experience. He quickly had to learn a new way of doing business, which often revolved around boozy banquets with Chinese executives. 'I kept my alcohol consumption moderate,' Bodo laughed. 'Chinese clients are different from European ones in that they want to know you more personally.' By the time he left to start a master's degree in late 2024, Yingke's Budapest outpost had already signed 10 clients – a mix of new business and existing Chinese clients looking to expand into Hungary, Bodo recalled.
Fox News
7 days ago
- Business
- Fox News
Dem governor ripped as 'total disgrace' after vetoing bill limiting Chinese land ownership near military bases
Arizona Democratic Gov. Katie Hobbs, who is up for reelection this year, garnered backlash Tuesday after vetoing a bill aimed at preventing China from buying up land next to strategic assets, such as military bases. Arizona state Senate Majority Leader Janae Shamp said the "politically motivated veto" was "utterly insane," blaming Hobbs for being "an obstructionist against safeguarding our citizens from threats." However, Hobbs said the bill, S.B. 1109, was "ineffective at counter-espionage" and did not "directly protect" American military assets in the state. Chinese investment in land near military bases has become an increasing concern for national security hawks. Shamp, in her efforts to get the now-vetoed bill passed, cited recent Chinese attempts to lease buildings alongside Arizona's Luke Air Force Base, where the military trains fighter pilots. "Governor Hobbs's veto of SB 1109 hangs an 'Open for the CCP' sign on Arizona's front door, allowing Communist China to buy up American land near critical assets like Luke Air Force Base, Palo Verde nuclear power plant, and Taiwan Semiconductor's growing fabrication footprint," said Michael Lucci, the CEO and founder of State Armor Action, a conservative group with a mission to develop and enact state-level solutions to global security threats. "Allowing Communist China to buy up land near our critical assets is a national security risk, plain and simple, and Governor Hobbs is substantively and completely wrong when she says that SB 1109 'is ineffective at counter-espionage and does not directly protect our military assets,'" Lucci added. Lucci pointed to Ukraine's recent drone attacks that destroyed significant numbers of Russian military aircraft, noting that "proximity produces peril in asymmetric warfare." S.B. 1109, which can still pass if the Arizona legislature overrides Hobbs' veto, would have prohibited the People's Republic of China from having a 30%, or more, stake in Arizona property. Hobbs, in her defense of the veto, added that in addition to being ineffective at countering Chinese espionage efforts, the bill lacked "clear implementation criteria," which opened the door for "arbitrary enforcement." However, the bill went through a bipartisan amendment process in an effort to assuage those concerns that the legislation might lead to discrimination in land sales, according to local outlet the AZ Mirror. The initial version of the bill banned certain people and entities deemed to be national security threats from buying up land in Arizona, but following subsequent amendments the bill only sought to ban Chinese government-linked entities and its subsidiaries. In addition to Arizona, other states have proposed or passed legislation aimed at curtailing Chinese land grabs in the United States. Congress has also taken steps in an effort to effectuate change through national policy. As of March 17, according to the China-focused nonprofit Committee of 100, 27 states are currently considering 84 bills aimed at restricting foreign property ownership in some way, while Congress is currently considering seven separate bills addressing the issue. So far, the committee indicated, 22 states have passed bills restricting foreign property ownership, 17 of which were passed into law in 2024.
Wall Street Journal
08-04-2025
- Business
- Wall Street Journal
China Steps In to Support Stock Prices
Chinese state-owned firms are swinging into action to support stock prices after sharp falls on Monday. Moves Tuesday include: —Central Huijin, a unit of state-owned sovereign wealth fund China Investment, said it was buying more index exchange-traded funds as a show of confidence. Other funds made similar moves. The Chinese central bank said it would support Central Huijin as needed. —One of the biggest state-owned oil companies, known as Sinopec, said it would buy back the equivalent of $273 million to $409 million of its own shares, and other state-owned companies announced share buybacks.
Wall Street Journal
08-04-2025
- Business
- Wall Street Journal
China Steps In to Boost Stock Market
Chinese state-owned firms are swinging into action to support stock prices after sharp falls on Monday. Moves Tuesday include: —Central Huijin, a unit of state-owned sovereign wealth fund China Investment, said it was buying more index exchange-traded funds as a show of confidence. Other funds made similar moves. The Chinese central bank said it would support Central Huijin as needed. —One of the biggest state-owned oil companies, known as Sinopec, said it would buy back the equivalent of $273 million to $409 million of its own shares, and other state-owned companies announced share buybacks.
Japan Times
27-01-2025
- Business
- Japan Times
Brookfield seeks to buy more property in Japan after $1.6 billion in deals
Brookfield Asset Management said it plans to ramp up real estate investments in Japan after buying a stake in a landmark Tokyo hotel and a large plot of land for logistics development in deals worth a combined $1.6 billion (¥249 billion). The Canadian investment firm took a stake in Gajoen, a mixed-use complex in the Japanese capital owned by China Investment and LaSalle Investment Management. It also acquired 1 million square feet (92,903 square meters) of land near Japan's manufacturing heartland of Nagoya to develop a large warehouse. The two deals closed at the end of 2024. The investments underscore a trend of increased foreign investor activity in Japanese real estate in recent years, buoyed by the weak yen and cheap financing. The return of inflation after three decades and a tourism boom in the country have also made certain assets like hotels and apartments more attractive.
