The Frontline of Going Global | National Development and Reform Commission releases the Administrative Measures for Overseas Investment; Zhiyuan beco

Overseas Expansion Milestones

NDRC issues administrative measures for overseas investment

The National Development and Reform Commission has released the Administrative Measures for Overseas Investment. It specifies that the scope of record-filing administration covers non-sensitive overseas investments directly carried out by investors, namely non-sensitive overseas investments that involve direct input of assets, equity, or provision of financing, guarantees, etc. by investors. For investors that are centrally managed enterprises, the record-filing authority shall be the National Development and Reform Commission; for investors that are local enterprises with a Chinese investment amount of 300 million US dollars or more, the record-filing authority shall be the National Development and Reform Commission; for investors that are local enterprises with a Chinese investment amount of less than 300 million US dollars, the record-filing authority shall be the development and reform department of the provincial-level government where the investor is registered; for investors that are other organizations, the implementation shall refer to that for enterprises; for investors that are individual residents, the record-filing authority shall be the development and reform department of the provincial-level government where the investor's household registration is located or where they are habitually resident. For overseas investments falling within the scope of record-filing administration, investors shall obtain the overseas investment record-filing notice before implementing the overseas investment. (National Development and Reform Commission)

China's global free trade network has taken initial shape

Reporters learned at the "Kickstarting the 15th Five-Year Plan" series of themed press conferences held by the State Council Information Office on the 22nd that since China reached its first free trade agreement with ASEAN in 2002, after more than 20 years of efforts, China has signed 26 free trade agreements with 33 countries and regions. Its free trade partners (including Hong Kong, Macao and Taiwan) account for 45% of China's total foreign trade volume and 70% of China's utilized foreign investment, marking that the global-oriented free trade network has taken initial shape. (CCTV News)

The first phase of the 140th Canton Fair concludes, multiple regions in Zhejiang hold special events to help local enterprises seize global orders

On October 19, the first phase of the 140th Canton Fair concluded successfully. This phase focused on the advanced manufacturing sector, showcasing the latest achievements in five major sectors: electronics and home appliances, industrial manufacturing, lighting and electricals, hardware tools, and vehicles and two-wheelers. More than 12,000 enterprises participated in the exhibition, of which over 6,000 were high-quality exhibitors including high-tech enterprises, specialized, refined, differential and innovative enterprises, and single-item champion enterprises. Merchants from home and abroad gathered in Guangzhou, with hot negotiations and efficient supplier-purchaser docking in the exhibition hall, fully demonstrating the strong resilience of China's foreign trade. According to statistics, a total of 189,000 overseas buyers from 214 countries and regions attended the first phase of this Canton Fair, an increase of 13.3% over the same period of the previous session. (Zhejiang Department of Commerce)

New Market Observation

Study says AI will help Southeast Asia's digital economy reach 3680 billion US dollars

Artificial Intelligence (AI) is helping Southeast Asia's digital economy maintain strong growth. A report by Google, Temasek Holdings and Bain & Company shows that the region's online consumption is expected to grow by about 17% this year to reach 368 billion US dollars, with the growth rate slightly slowing down from last year. Although weak economic growth and high inflation are curbing consumer demand in sectors ranging from e-commerce to tourism, local digital enterprises have leveraged AI to reach consumers more accurately and drive spending. (Sina Finance) 

Saudi Aramco: The energy market is facing unprecedented shocks

Amin Nasser, President and CEO of Saudi Arabian Oil Company (Saudi Aramco), said in an interview that the current situation in the Middle East has caused an unprecedented impact on the energy market. In the exclusive interview broadcast on the 22nd, Nasser said that since the outbreak of the crisis, global crude oil supply has decreased by about 3 billion barrels compared with normal levels. If it were not for the release of global strategic reserves, oil prices would be far higher than the current level. Nasser said that Saudi Arabia's East-West crude oil pipeline plays an important role in maintaining crude oil supply to the market, and the pipeline's transportation capacity has been increased from about 2 million barrels per day to 7 million barrels per day. He predicts that after the situation returns to normal, the market's daily average crude oil demand will increase by about 3 million barrels for consumption and inventory replenishment. (CCTV News)

Canada announces strategic industry assistance plan to counter the impact of US tariffs

Canadian Prime Minister Mark Carney and Ontario Premier Doug Ford jointly announced a series of strategic industry assistance plans on the 21st to support workers and enterprises affected by US tariffs and promote long-term economic growth. According to the press release on the official website of the Canadian Prime Minister, these plans total 8.7 billion Canadian dollars (about 6.2 billion US dollars), focusing on protecting Ontario's steel, automotive and critical minerals industries, including the establishment of a joint steel action fund, supporting automakers to upgrade production lines, building road infrastructure and developing the critical mineral supply chain in the northern part of the province. (Xinhua News Agency)

Company Updates

AGIBOT becomes a key enterprise under Hong Kong's introduction office, will expand its layout in Hong Kong to promote international R&D and talent cultivation

On October 22, the Office for Attracting Strategic Enterprises of the Hong Kong Special Administrative Region Government (hereinafter referred to as the "introduction office") held a signing ceremony for a new batch of key enterprises. Witnessed by Paul Chan Mo-po, Financial Secretary of the Hong Kong SAR Government, AGIBOT officially signed the agreement to become one of the new batch of key introduced enterprises of the introduction office. This selection marks another important step in AGIBOT's long-term layout in Hong Kong. AGIBOT will take Hong Kong as an important fulcrum for international R&D, industrial cooperation and connection to the global market, and continuously promote scientific research cooperation, talent cultivation and practical application of embodied intelligence technology. (Ifeng.com)

Fangda Group signs a 2 billion yuan major overseas curtain wall project

Fangda Group announced on October 19 that a joint venture formed by its wholly-owned subsidiary Shihui International Holdings Co., Ltd. and a wholly-owned subsidiary of Saudi IKK Group has signed a major overseas curtain wall project contract with the general contractor, with a total contract amount equivalent to about 2 billion RMB and a contract duration of 863 days. Fangda Group stated in the announcement that the smooth performance of the above contract is expected to have a positive impact on the company's operating results in the coming years, and the specific revenue recognition will be confirmed in accordance with the performance of the contract, relevant provisions of the Accounting Standards for Business Enterprises and the company's accounting policies. As one of the world's major curtain wall projects, this project will lay a solid foundation for the company to continue to deeply cultivate overseas markets and enhance its global competitiveness, and play a positive promoting and demonstration role in the development of the company's overseas business. (China Securities Journal) 

Samsung reportedly plans to expand exports by leveraging India's new mobile phone manufacturing subsidy policy and considers additional investment

On October 23, it was reported that Samsung Electronics plans to use the new mobile phone manufacturing program launched by the Indian government to increase exports of mobile phones produced in India. The program will provide higher subsidies for new export volumes. Samsung is considering expanding its production capacity in India, including making additional investments; if the global mobile phone market continues to shrink due to high storage chip costs, the company may also transfer part of its production capacity from countries such as Vietnam to India. (Jiemian News)

Industry Trends

Overseas power supply projects continue to advance, investment opportunities in the fuel cell industry chain attract attention

The construction of AI data centers is accelerating, and power supply and equipment delivery capacity have become important factors affecting project commissioning. With the advancement of large-scale overseas power supply projects, the application prospects of Solid Oxide Fuel Cells (SOFC) and the investment value of domestic supporting enterprises have attracted attention. Analysts believe that SOFC has the advantages of modular deployment and short delivery cycle, and is expected to meet the new power supply demand of data centers. Order delivery, revenue growth and profit contribution will become important bases for observing the investment value of the industry chain. (China Securities Journal)

Leading enterprises in the lithium battery industry chain accelerate the progress of their European projects

Recently, leading enterprises in the lithium battery industry chain have significantly accelerated the progress of their European projects: CATL has started production at its cell factory in Hungary, Gotion High-Tech announced that it will jointly invest in and build battery factories in Spain and Slovakia with subsidiaries under Volkswagen, and Hunan Yuneng has significantly raised the investment amount of its Spanish project. The boom of building factories in Europe is rising again, driven by two factors. The implementation of EU regulations such as the Regulation on Batteries and Waste Batteries and the Net Zero Industry Act, as well as industrial rules including carbon footprint and battery passport, have forced the lithium battery industry chain to accelerate its localized layout in Europe; the rapid expansion of the European power battery and energy storage market has further opened a demand window for new production capacity. (Securities Times)

Overseas orders for domestic coatings have exploded

Since the beginning of this year, the prices of many types of domestic chemical raw materials have continued to rise, among which core raw materials for coatings such as resins, solvents and additives have seen obvious increases. Recently, many domestic coating enterprises have raised their product prices, and many enterprises are also actively exploring overseas markets. A coating enterprise based in Huizhou, Guangdong set up a local team in Myanmar this year to increase market development efforts, and plans to raise the proportion of overseas revenue from 30% last year to 60%. The person in charge of the enterprise introduced that compared with last year, the revenue of the Myanmar market has increased by four to five times, and the growth of the overseas market is about 100%. At another enterprise in Foshan, the staff said that the company started to layout overseas business in 2024, and its business volume in Southeast Asia has increased by more than 200% this year. Data from Foshan Customs shows that in the first nine months of this year, Foshan exported synthetic resins in primary shapes worth 530 million yuan, a year-on-year increase of 23.5%; non-aqueous medium paints and varnishes worth 203 million yuan, up 50%; water-based medium paints and varnishes worth 65.0806 million yuan, up 45.3%; painting supporting products such as glass putty and caulking compounds worth 48.225 million yuan, up 86.7%, with a significant increase in exports to emerging markets. (CCTV Finance)

This article is from the WeChat official account "Zhejiang Enterprise Overseas Comprehensive Service Port".