Businesses’ concerns about China in recent years have often been captured by major shocks and external trends. While these are hugely important, many people have lost sight of underlying, durable trends in the local regulatory and policy environment that will shape China’s business environment.
China is set on securing its place in the global hierarchy as it transitions from an economy dominated by manufacturing and exports to one led by technology and services. To this end, the administration of President Xi Jinping has brought in a legal and policy framework that fundamentally alters the landscape for foreign businesses.
China is still an opportunity, but the rules of the game have changed forever. The coming phase of China’s development will continue to be highly disruptive and some businesses will not survive. What steps should foreign multinationals take to future-proof their China business?
The answer is “yes”, but only for companies who know where the political and regulatory priorities and limits are. Kent D. Kedl, Partner and Head of Greater China and North Asia, discusses the key points in future-proofing your China business strategy in the new era.
Few National Congresses of the Communist Party of China (CPC) in history seem to have generated as much global media attention and market response as this year’s, underscoring how business is increasingly driven by politics. With all eyes on China's future political trajectory and business environment, have the fundamentals of its long-term growth changed?
Developing resilience in asset protection in China is more important now than ever, and the cost of failure to do so extends far beyond the balance sheet, creating reputational risk on a global scale. In order to address the issue, businesses need to identify and assess key risks using an investigative mindset, as well as improve internal controls and compliance management.
When faced with COI allegations, it is critical to develop an intelligence-based assessment of the risk to business continuity and create an execution plan to mitigate and minimise that risk.
Pelosi's trip may have ushered in a new normal of increased US-China tensions, growing actions and countermeasures around Taiwan and more broadly, and a deepening dilemma for businesses. From security to supply chain, the risk exposure is greater than what companies may have expected.
Control Risks experts discuss the changing supply chain landscape in China, the opportunities and risks of running supply chains in South-East Asia, and what businesses should be considering no matter which market they will focus on in the future.
Why relying on ESG ratings may be the quickest way to undermine your own reputation for ESG compliance.
Geopolitical tensions are becoming a larger source of disruptions. Multinational corporations need to recalibrate their China strategy accordingly if they want to succeed globally.
Regulations are transforming the way companies use technology and handle information. Companies operating in China now need to adjust and adapt work processes to effectively manage their compliance commitments.
A stream of regulatory interventions have increased fears for MNCs and investors about an anti-business backlash in China. How worried should they be?
Understanding, responding and adapting to the changing regulatory landscape in China can significantly lower the odds of major disruption for multinationals.
MLPS is a significant cyber security compliance concern for both Chinese domestic and international companies.
Learn how RIOT Games pulled off the biggest live esports event during the height of the Covid-19 pandemic with Control Risks by their side.