Chinese investment picking up speed

UK prime minister David Cameron’s current visit to China could potentially see China investing in the hotly-debated $50bn High Speed 2 rail line project, and Chinese investment into the UK picking up speed in general.

But even before Cameron’s trip, Chinese money has been pouring into Great Britain and has been keeping City firms’ corporate departments busy. For example, two Chinese nuclear groups are investing in EDF’s Hinkley Point C nuclear plant in Somerset, and China Investment Corporation has acquired a stake in each of Heathrow airport and Thames Water.

Inside China, the government’s tougher stance on corruption and law enforcement has triggered investigations into multinationals’ practices and spurred a market for compliance advice. This week’s China special report takes a closer look at this fast-growing practice area among international and local law firms.

During his official visit, the prime minister is also calling for an EU-China trade deal. For the UK and European legal industry, a free trade agreement could potentially solve some of the perennial problems in China such as low profitability and a lack of critical mass.

Funds – Minter Ellison: ASIC issues updated disclosure guidance for shorter PDSs
Pensions – King & Wood Mallesons: Superannuation discussion paper released addressing regulation, governance, transparency and competition
Company & commercial – Minter Ellison: Doing Business in Australia
Intellectual property – NCTM: Trademark law in the People’s Republic of China
Real estate – King & Wood Mallesons: Cutting red tape in the real-estate sector — PAMDA repealed