Premium British drama brand and CBI Member BBC First has made its debut in Hong Kong as a SVOD service on the territory’s largest pay-TV provider, Now TV.
The premium drama brand has launched successfully in key markets around the world including Australia, South Africa, Benelux and the Middle East and offers viewers the best British drama from the BBC and UK independent production companies. Viewers will also be able to access select popular and distinct dramas from the BBC within 24 hours of their original transmission.
Kelvin Yau, GM of BBC Worldwide Greater China, commented: “We are thrilled to bring BBC First to Hong Kong. We are committed to sharing the most fascinating dramas and Hong Kong viewers have always appreciated the intelligent and distinctive content of BBC programmes. BBC First is the ideal platform for us to showcase the best and latest BBC dramas to discerning viewers in Hong Kong, anytime they like.”
International law firm & CBI member Simmons & Simmons has advised Dutch private equity investor Nimbus and ebu’s managing director Jörg Berger on the sale of ebu Umformtechnik GmbH to Chinese Xuzhou Metalforming Machine Group Co., Ltd (Xuduan).
Corporate/M&A partner Boris Schilmar commented: “The exceptional experience of our China Desk team in bridging cultural gaps in Sino-European SPA negotiations has clearly contributed to the success of this transaction."
The Simmons & Simmons team was led by Düsseldorf based corporate/M&A partner Dr Boris Schilmar and corporate/M&A counsel Vanessa Nieporte who had already been advising Nimbus together with the firm’s Amsterdam based partner Pieter van Uchelen on previous M&A and restructuring projects.
A pilot programme has been launched by CBI member the University of Nottingham to help Chinese universities improve the quality of the training they provide to film industry students.
The University of Nottingham hosted a group of 27 screen industry academics from 23 universities across China, who came to the UK to find out how the University trains graduates and prepares them for careers the screen industry. China’s film industry is expanding rapidly.
In 2015, the Chinese spent more than $6.5 billion on movie tickets, an increase of almost 50% on the previous year. Around 20 new cinema screens are opening every day in China to meet demand, and last year, profit from film production climbed 76% to 868 million yuan.
BASF has entered into a three and a half year partnership with South China Agriculture University (SCAU) to conduct a large-scale doctoral (PhD) research project. The collaboration aims to examine the role of organic acids as effective, core eubiotic alternatives for reducing the usage of antibiotic growth promoters (AGPs) in post-weaning piglets.
Eubiotics are feed additives used to maintain an optimal balance of microbiota in the gastrointestinal tract, improving animal health status and growth performance. The project looks deeper into a wide range of eubiotics, and the safety and efficacy of individual or combined eubiotics will also be explored.
The information generated by this project will provide feed producers and farmers with greater insight into available eubiotic AGP alternatives and therefore, greater confidence in their selection process. SCAU was founded in 1909. Located in Guangdong province, it is, today, one of the key agricultural universities in China, and is highly regarded as a prominent swine research institute.
CBI MemberToyota Motor Corporation announces the expansion of R&D facilities at Toyota Motor Engineering & Manufacturing (China) Co., Ltd., (TMEC). This is in accordance with the initial investment plan, which had been created at the time of the establishment of the R&D facilities.
Specifically, the plan includes improvements to the existing laboratory facility, construction of a new laboratory, creation of a battery evaluation and test facility, as well as improvements to test tracks on the premises.
These are scheduled to be completed from late 2018 onwards. TMEC was established in 2010, in line with Toyota's aim to produce cars in China for the Chinese market. To this end, TMEC was created with the intention to emphasize on the localization and strengthening of organizational development in the country.
Since then, TMEC has worked toward the promotion and expansion of cars that are equipped with China-made hybrid systems for the Chinese market. In 2012, Toyota Motor (Changshu) Auto Parts Co., Ltd., was created as the local production company for the main hybrid system (hybrid vehicle transaxle).
This was followed by the establishment of the Sinogy Toyota Automotive Energy System Co., Ltd. (STAES), a hybrid battery production company in 2013. Altogether, these developments led to the October 2015 launch of the Corolla Hybrid and the Levin Hybrid which are fitted with China-made hybrid systems.
CITIC-Prudential Life Insurance Company Limited (“CITIC-PRU Life”), a 50:50 equity joint venture partnership between Prudential plc in the U.K. and CITIC Limited in China, has commenced operations of its 16th branch in Anhui province.
The company’s expansion into the Anhui province further strengthens its footprint across the country and enhances its ability to meet the protection and savings needs of customers in one of the fastest growing regions in China.
The new Anhui branch, located in the capital city of Hefei, complements CITIC-PRU Life’s extensive network spanning 66 cities across 16 provinces and municipalities in China, covering the key economies of Pearl River Delta in the south, Yangtze River Delta in the east and Bohai Economic Rim in the north.
CBI member Siemens announced it has entered into a strategic agreement with Hesteel Group Co., Ltd. (HBIS), to form deep cooperation in the area of digital factory, intelligent manufacturing, energy-saving and environmental-protection, as well as metallurgical technology improvement. Based on the cooperation, both parties will be committed to exploring and practicing Siemens intelligent manufacturing solutions.
Targeting the key program of “Made in China 2025” - Hesteel Tangsteel cold rolling intelligent manufacture project, and Hesteel coastal new base project, both parties will be closely cooperated in the fields of digital factory and enterprise management etc., collectively cast an Industry 4.0 intelligent plant model for Hesteel. In addition, Siemens will provide a comprehensive range of services for products provided to Hesteel throughout the entire life cycle, including customized training, responsive service, as well as retrofit and upgrading solutions.
According to the agreement, factories of Siemens and Hesteel will select product from each other as priority for development needs. Siemens Learning Campus China and Hesteel Strategy Institute will establish a long-term and in-depth cooperation, to jointly research development trend in metal industry and cultivate excellent talents to serve for both parties’ future development. Furthermore, Siemens and Hesteel Mining Company will be committed collectively to supporting Hesteel achieve digital mining management, building up internationally leading digital mining demonstration project.
The Xi’an metro line 3 phase one for which CBI memberAlstom supplied traction system for the metros started today. The contract was signed in 2013 between Alstom and Xi’an Metro Company to equip 246 metro cars with the OptONIX traction system. That was the first transport contract for Alstom in Xi’an city.
Phase one - which is 39.1 km long and includes 26 stations – connects the city from southwest to northeast, passing through important landmarks including Xi’an International University, Qinglong Temple, Chanba Ecological District, Xi’an International Habour Affairs Area, Xi’an Economic & Technological Development Zone and Xi’an Free Trade Zone. A further extension of the metro line toward the south is planned.
CLIFFORD CHANCE ADVISES ICBC ON CENTRAL AND EASTERN EUROPEAN FOCUSED INVESTMENT FUND TARGETING €10 BILLION
Leading international law firm and CBI memberClifford Chance is advising the Industrial and Commercial Bank of China (ICBC) on the establishment of a European investment fund that is focused on projects in Central and Eastern Europe (CEE).
The fund is part of China's major initiative to develop a modern silk road – 'One Belt One Road', and was formally announced at the China and CEE Countries Summit in Riga, Latvia on 5 November 2016. The fund will focus on developing the infrastructure, high-tech manufacturing and consumer goods industries in the CEE countries with the intention of promoting more economic interaction between the Chinese and the European markets.
The size of the fund is expected to reach €10 billion and expected investors include governmental investors from of CEE countries, as well as Asian institutional investors.
CBI MemberBombardier announced today that its CS300 jetliner, the second CS300 flight test vehicle, has arrived in Zhuhai, China. The visit is the debut of the C Series aircraft in China and the jetliner, which is showcasing the logo of CS300 first operator airBaltic, will be on static display at the China International Aviation & Aerospace Exhibition (Airshow China) from October 30 to November 3.
“As we approach first delivery and entry-into-service of the CS300 aircraft with launch operator airBaltic in the coming weeks, it is a pleasure to be showcasing the aircraft in China for the first time and updating the industry on our progress,” said Andy Solem, Vice President, Sales – China and North Asia, Bombardier Commercial Aircraft. “What we have been saying all along, is confirmed - the aircraft offers exceptional fuel burn and range, outstanding airfield performance in hot-and-high operations and it is the quietest commercial jet in production.