Looking into the future

Weilai (未来) means future in Chinese, ...it is a key point of their culture, and for many Chinese, the reason of our existence. With that in mind, China has definitely had a high display of weilai lately.

This month there were several conferences and expositions setup for the Chinese to look into Latin America, focusing on Mexico and Brazil. Many Chinese companies and SOEs (State Owned Enterprises) are looking at the west for future business. It makes sense that Mexico would be a key player for them as the country is logistically a strategic spring board to North and South America. With 44 tax treaties (second with the most in the world), excellent skilled workers, and safety standards similar to the ones in the US, China is looking at Mexico as a test market for their future endeavors.

Deloitte will be having this month its Global CSG internal meeting, and we can assure you that Mexico has now became a top five priority for the Global China Firm. Some examples of the growing interest in the area are: the Latin America Investors Conference in Beijing had more attendees than any other North American Countries related conferences; the China-Latin American Conference in Chengdu had over 500 attendees who were all interested in Latin America; the Energy Investment Seminar in Mexico brought forth companies in the energy sector who wanted to enter China; and let’s not forget the world expo, where our beautiful country, Mexico, displayed amazing culture, technology and the spirit of its people.

It seems that everywhere you turn; China and Chinese businesspeople are looking at Mexico as the future. Are you ready? Are you ready for the cultural differences that exist between these two great nations? Are you ready for the different ways of doing business? Knowing these key issues makes the difference between having a successful business venture or a negative one. Allow Deloitte’s Chinese Services Group to help you.

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China M&A Round-up 10-22-2010
For your information, please see attached the latest Deloitte China M&A weekly report. These are among the transactions announced from October 15, 2010 - October 22, 2010

• Minmetals Resources Ltd. agreed to buy Minerals & Metals Group from Minmetals' parent for US$1.85 billion.
• Inner Mongolia Yili Energy raised US$445.9 million to acquire a 100% stake in Ejin Horo Banner Dongbo Coal Company.
  

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China M&A Round-up 10-15-2010
For you information, please see attached the latest Deloitte China M&A weekly report. These are some of the transactions announced from October 08, 2010 - October 15, 2010

• China National Offshore Oil Corp. agreed to acquire a 33% stake of Chesapeake's Eagle Ford Shale Project in Texas.
• Kunlun Energy Co. won a bid to acquire a stake in a subsidiary of PetroChina Co. for US $293.9 million.
  

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Deloitte Survey: 79% of PE Investors expect investment activities to rise in China.
Growing importance and popularity of RMB funds.
According to Deloitte's latest "China Private Equity Confidence Survey", there is strong optimism among major participants in the Chinese private equity (PE) market, with 79 percent of respondents expecting a rise in investment activities over the next 12 months.

Download document in traditional chinese version

More information: www.deloitte.com

Asia Pacific Economic Outlook – October, 2010
The October 2010 edition of the Asia Pacific Economic Outlook gives a near-term outlook for China, Indonesia, Japan, and Thailand.

China – There is global anxiety about the rate of deceleration in China, but the good news is that Chinese authorities have successfully engineered a soft landing for the country’s economy.

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We would like to invite you to a presentation of the guide Doing Business in Mexico, a joint project of Deloitte, HSBC and Galicia Abogados / Uría Menéndez. The purpose of the Guide is to provide advice to prospective or existing foreign investors, particularly from China, on certain relevant aspects concerning investing in Mexico. General issues such as political structure, economy, culture and etiquette are discussed in the Guide, as well as more specific subjects such as regulations, licenses, price controls, foreign investment and taxes, among others.

This event will be held on Thursday November 11th, 2010 at the premises of HSBC "Winter Garden" located in Paseo de la Reforma 347 Col. Cuauhtemoc, 06500 Mexico City at 19:00 hours.

We hope you may be able to attend and we would appreciate the confirmation of your assistance by clicking on the next link: www.deloitte.com/mx/eventoguia

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M&A Transactions in China, India, and Indonesia: Are Tax Efficient Structures Still Possible?
November 2, 12:00 noon – 1:00 PM HKT (GMT +8)
Host: Alan Tsoi
Presenters: Vijay Dhingra, Cindy Sukiman and Simon Tan
As deal flow throughout Asia Pacific continues, tax authorities increasingly challenge popular acquisition structures. What types of beneficial ownership rules and cases are springing up, particularly in China, India, and Indonesia?

Listen to key cases involving high-profile firms and large tax assessments, and learn ways your organization can structure its Asia Pacific investments tax efficiently.

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Asia Pacific Dbriefs

Inbound Investment into China and the Use of Tax Treaties: New Clues about China's Direction?
November 25, 12:00 noon - 1:00 PM HKT (GMT +8)
Host: Leonard Khaw
Presenters: Julie Hao, Huan Wang and Hong Ye
In the Circular 75, the State Administration of Taxation (SAT) detailed China's position on each provision of the China-Singapore tax treaty. In the circular, the SAT stipulates that it will take the same position on similar provisions in treaties with other countries. What does Circular 75 reveal about China's approach to current and future treaties?

Gain insights into the Chinese SAT's position on major articles of the China-Singapore tax treaty and possible implications for the future.

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