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Article
Publication date: 1 December 2000

Sheng Chengmao, Fang Zhida and Yu Xiaohong

Using the quantitative analysis method, this paper studies the property investment differentia in areas such as East China, Middle China and West China, as well as the…

3774

Abstract

Using the quantitative analysis method, this paper studies the property investment differentia in areas such as East China, Middle China and West China, as well as the characteristics of property investment based on the relevant economic index in different areas. After studies, the paper reveals the cause of formation for the property investment differentia in the areas and puts forward a lot of constructive suggestions on how the adjustment of property investment structure can meet the requirements of the recent economic restructuring in China and the ambitious strategy of developing the West China area.

Details

Property Management, vol. 18 no. 5
Type: Research Article
ISSN: 0263-7472

Keywords

Article
Publication date: 31 May 2013

Han Jinshan and Tong Tong

The purpose of this paper is to analyze the changing trend of China's power project investment value.

Abstract

Purpose

The purpose of this paper is to analyze the changing trend of China's power project investment value.

Design/methodology/approach

The authors research the profitability of different power projects in recent years and summarize the reason why investment value varies between different power projects. To achieve this, the empirical study developed a fixed effect model in panel data analysis to investigate the impacts that different power projects made to company value. The data were collected from annual financial reports of 30 Chinese power listed companies from 2007 to 2011.

Findings

This paper indicates three changes in investment value of China's electricity industry: the electricity industry in China is of investment prospects; the investment value of fuel power projects in China is less and less; and projects around electric power load center are more preferable than those built in other areas. It suggests that it is the resource factors, environment factors, investment policies and conditions, not the power unit itself, that determine the investment value of different power projects in China.

Originality/value

This paper analyzes the formation reason of current power investment situation combining China's actual conditions. This study fulfils an identified need to research the changing trend of China's power project investment value and generalize the influencing factors of investment value.

Article
Publication date: 10 July 2009

Li Ben

Purpose –This paper seeks to assess the extent to which China has both encouraged and achieved growth through foreign investment. Design/methodology/approach – This paper provides…

1224

Abstract

Purpose –This paper seeks to assess the extent to which China has both encouraged and achieved growth through foreign investment. Design/methodology/approach – This paper provides an examination of the incentives developed and deployed and seeks to assess evidence of their performance. Findings – “Market Economic” development of legislation of foreign investment in China has significant meanings toward promotion of Chinese economy. Since the basic policies of reform and opening coming into force in China in 1970s, China has adopted the opening, welcoming and incentive attitudes for foreign investment, making the positive activities acclimating to economic development rules to achieve the win‐win results all around the world. Investment in China by foreign investors has been initially carried out by “enterprises with foreign investment”, which always turned out to be the cooperative or independent direct investment basing on the funds. During the recent years, China has become the second country (only behind of USA) which absorbs the most direct foreign investment in the world. FDI has played an important role in the Chinese economic development. Correspondingly, the legislation for foreign investment in China has gradually been improved and perfected and has protected and enhanced the foreign investment and economic development. Viewing the alternation of legislation of foreign investment in China, it has fully embodied the corresponding to the global and regional international investment legislation cooperation. Originality/value – This study will be of interest to those seeking an “insider's” view on the success or otherwise of foreign direct investment strategies in China.

Details

International Journal of Law and Management, vol. 51 no. 4
Type: Research Article
ISSN: 1754-243X

Keywords

Article
Publication date: 6 November 2018

Zhiqun Zhu

The purpose of this paper is to analyze the rationale, strategies and significance of Chinese investment in the USA and its impact on US–China relations.

Abstract

Purpose

The purpose of this paper is to analyze the rationale, strategies and significance of Chinese investment in the USA and its impact on US–China relations.

Design/methodology/approach

Through empirical analysis, this preliminary study examines the rationale, strategies and impact of Chinese investment in the USA.

Findings

Chinese investment has promoted economic growth in both countries, but it faces several challenges including security concerns and cultural clashes.

Originality/value

This paper is one of the first, comprehensive studies of the topic.

Details

Asian Education and Development Studies, vol. 7 no. 4
Type: Research Article
ISSN: 2046-3162

Keywords

Article
Publication date: 15 June 2012

Jie Huang

After Ma Yingjeou's re‐election in 2012, Mainland China and Taiwan will continue cooperation in economic fields. The purpose of this paper is to undertake research on a bilateral…

Abstract

Purpose

After Ma Yingjeou's re‐election in 2012, Mainland China and Taiwan will continue cooperation in economic fields. The purpose of this paper is to undertake research on a bilateral investment agreement (BIA) between Mainland China and Taiwan.

Design/methodology/approach

The paper uses statistics to demonstrate the growing cross‐strait investment and incompetent contemporary investment protection mechanisms in Mainland China and Taiwan. The paper also compares laws in Mainland China and Taiwan and the investment protection agreements concluded by Mainland and Taiwan with other countries, respectively.

Findings

Based on the similarities of current laws and the investment protection agreements concluded by Mainland China and Taiwan with other countries, respectively, Mainland China and Taiwan can possibility agree upon major provisions of a BIA. Solutions are provided to both macro and micro challenges against a successful BIA.

Research limitations/implications

It is hard to predict whether the BIA will promote political integration between Mainland China and Taiwan in the near future.

Practical implications

A BIA can boost investors' confidence.

Social implications

This paper may serve as a humble reference for both the Mainland China and Taiwan government when negotiating the BIA.

Originality/value

Cross‐strait investment is an important and prosperous field in practice, but has not been fully explored in literature thus far. This Article aims to fill this gap.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 5 no. 2
Type: Research Article
ISSN: 1754-4408

Keywords

Article
Publication date: 7 March 2016

Alice de Jonge

This paper aims to examine the potential for “triangular cooperation” between investment partners from Australia, China and host African nations to contribute to the economic…

1329

Abstract

Purpose

This paper aims to examine the potential for “triangular cooperation” between investment partners from Australia, China and host African nations to contribute to the economic development in Africa.

Design/methodology/approach

The paper discusses a number of complementarities between Australian and Chinese investors in mining, agriculture, energy, research and education and finance – sectors vital to Africa’s future development. These complementarities are examined in light of recent development studies on the benefits of triangular cooperation and recent literature examining links between foreign direct investment (FDI) policy and economic development.

Findings

The paper concludes that there is much to be gained by making the most of the existing and potential synergies between Australian, Chinese and local investors in African settings.

Research limitations/implications

The implications of this paper are, first, that African nations should keep the benefits of triangular cooperation in mind when designing FDI policies and, second, that Australian and Chinese investors should be more willing to explore potential investment partner synergies when investing in Africa. The paper also suggests an agenda for future research into how good design of FDI policies might best promote healthy economic development in African nations.

Practical implications

Australian and Chinese companies should be more willing to explore potential avenues for cooperation when investing in Africa, while African governments should be more mindful of how rules and policies can maximise the local benefits of FDI.

Social implications

African governments should be more mindful of the quality, rather than the quantity of FDI when drafting relevant laws and policies.

Originality/value

The value of the paper is in applying the concept of “triangular cooperation” to direct investment. The paper also provides an original focus on Australia-China investment synergies in African settings.

Details

critical perspectives on international business, vol. 12 no. 1
Type: Research Article
ISSN: 1742-2043

Keywords

Article
Publication date: 17 August 2020

Heshan Sameera Kankanam Pathiranage, Huilin Xiao and Weifeng Li

In an attempt to satisfy the desire to become a global economic leader, China is working on a series of ambitious deals with several countries. As a major country in a region…

Abstract

Purpose

In an attempt to satisfy the desire to become a global economic leader, China is working on a series of ambitious deals with several countries. As a major country in a region considered as an emerging market, the immense infrastructure gap that is curtailing trade and accessibility for economic growth has led to major changes in economic policy. The past few decades have seen China invest billions of dollars not only in the developing countries of Africa and Asia but also in other world economic giants of Europe and the USA. China has embarked on a rigorous global effort to close the infrastructure gap through the Belt and Road Initiative (BRI) in partnership with multilateral development banks. China’s BRI brings together several countries in East Asia and the Eurasian mainland into close proximity with China, thereby promoting inland trade between the countries. The investments in this project are estimated to reach US$1tn over a span of ten years. However, the volume of outward foreign direct investments (OFDI) from China to the host countries is determined by several factors. Several previous researchers have studied various issues affecting the business activities of China and the given countries. First, the cultural organization, policy approaches and objectives of China as a country create trade barriers with countries involved in the BRI plan. This paper aims to provide a comparative overview of how the institutional distance of the Belt and Road countries from China affects their sustainable development.

Design/methodology/approach

Data on the nature, success and challenges of the BRI (such as the volume of bilateral trade and OFDIs and its financial implications) were extracted from various published studies. The impact of cultural distance and internationalization of the BRI enterprise was analyzed through a comparative research methodology.

Findings

A significant relationship exists between institutional distance and sustainable development of the Belt and Road countries. However, the barriers – for example, inhospitable culture and regulations for organizations in participating countries – could become pillars of success once resolved.

Originality/value

Previous studies lacked a standard framework to investigate how institutional distance is related to China’s outbound trade with the Belt and Road countries. The comparative analysis methodology adopted in this study fills this gap.

Details

Nankai Business Review International, vol. 11 no. 4
Type: Research Article
ISSN: 2040-8749

Keywords

Book part
Publication date: 26 December 2016

John Y. Lo

Abstract

Details

Angel Financing in Asia Pacific
Type: Book
ISBN: 978-1-78635-128-9

Abstract

Details

Demystifying China’s Mega Trends
Type: Book
ISBN: 978-1-78714-410-1

Article
Publication date: 28 February 2023

Graeme Newell, Muhammad Jufri Marzuki, Martin Hoesli and Rose Neng Lai

Opportunity real estate funds are an important style of real estate investing for institutional investors seeking nonlisted real estate exposure. Importantly, institutional…

Abstract

Purpose

Opportunity real estate funds are an important style of real estate investing for institutional investors seeking nonlisted real estate exposure. Importantly, institutional investors have sought exposure to the China real estate market, often via opportunity real estate funds. This has been by a pure China opportunity real estate fund (100% China opportunity real estate) or by a pan-Asia opportunity real estate fund where China opportunity real estate was part of this pan-Asia opportunity real estate portfolio. Using two bespoke China opportunity real estate indices developed by the authors, this paper aims to assess the risk-adjusted performance and portfolio diversification benefits of China opportunity real estate in a mixed-asset portfolio over 2008–2020. It also highlights critical issues for institutional investors going forward to factor into their real estate investment decision-making for effective China real estate exposure.

Design/methodology/approach

This paper develops two bespoke China opportunity real estate fund performance indices to assess the risk-adjusted performance and portfolio diversification benefits of China opportunity real estate funds in a mixed-asset portfolio over 2008–2020. An asset allocation diagram is used to assess the role of China opportunity real estate in a mixed-asset portfolio via both the non-listed and listed real estate investment channels.

Findings

Over 2008–2020, China opportunity real estate exposure via pan-Asia opportunity real estate funds were seen to outperform pure China opportunity real estate funds. In both formats, China opportunity real estate funds were seen to have a significant role in a China mixed-asset portfolio across most of the portfolio risk spectrum; particularly compared to listed real estate exposure in China. On-going issues regarding real estate risk management in China will take on increased importance for institutional investors seeking China real estate exposure.

Practical implications

Opportunity real estate funds are an important style of real estate investing, often used by institutional investors to gain non-listed real estate exposure in a developing real estate market. This style of real estate investing has been popular with institutional investors seeking exposure to China real estate as part of the China economic growth dynamic. The results of this research highlight the importance of opportunity real estate investing in China, both via a pure China opportunity real estate fund and via a pan-Asia opportunity real estate fund. Based on this empirical analysis, China opportunity real estate exposure is seen to be more effective via a pan-Asia opportunity real estate fund than a 100% China opportunity real estate fund. A range of practical China real estate investment issues are also highlighted for the effective delivery of China real estate exposure for institutional investors going forward; this particularly relates to the on-going risk management for real estate investment in China.

Originality/value

This paper is the first empirical research analysis of the risk-adjusted performance of China opportunity real estate and its role in a mixed-asset portfolio. Using bespoke China opportunity real estate fund indices developed by the authors, this research enables empirically-validated, more informed and practical opportunity real estate investment decision-making regarding the strategic role of China opportunity real estate in an institutional investor's portfolio. It also highlights the importance of various facets of real estate risk management in China going forward.

Details

Journal of Property Investment & Finance, vol. 41 no. 6
Type: Research Article
ISSN: 1463-578X

Keywords

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