News

From May 21st – May 31st, 2021, CGCC Foundation partnered with Vanke US and Achilles International to host the 2021 Vanke US Virtual Challenge.

“Fast & Furious 9” tops China box office, China becomes Apple ’s biggest supplier, Beijing cracks down on cryptocurrency, and Goldman Sachs is granted preliminary approval to form a wealth management JV with the Industrial and Commercial Bank of China. Get the latest US-China business and industry news roundup at #ReachFurther.

President Biden issued an Executive Order asking the Secretary of the U.S. Department of the Treasury to work with the Financial Stability Oversight Council to assess risks that climate change poses to the financial system. The Executive Order highlights the growing regulatory focus on climate-related financial risks, which will likely manifest itself through a growing number of related supervisory initiatives. This White Paper describes the Executive Order, along with recent guidance and statements of the U.S. federal and state financial services regulators, and offers a look ahead at what’s next.

On May 19th, 2021, China General Chamber of Commerce-USA (CGCC) hosted “A Conversation with Richard Edelman” as part of its Leaders Roundtable event series. The event invited Richard Edelman, CEO of Edelman, one of the largest public relations firms in the world, to share his unique perspectives and insights on the current Communications and P.R. landscape with a high-level audience of CGCC vice chairs and executive board members as well as other leaders from top American and Chinese companies.

In East West Bank’s latest #USChina business and industry news round-up: Chinese antitrust regulators fine several of its internet giants, including Tencent; China’s box office tops 2020 cumulative gross; and Tesla begins recycling EV components at Shanghai gigafactory.

The global IPO market started 2021 on a high, breaking records. IPO candidates should consider acting while the transaction window is still open.

On April 23rd, 2021, China General Chamber of Commerce – USA (CGCC), and CGCC Foundation joined by CGCC-Chicago, D.C., Houston, LA, SF, hosted a webinar titled “Supporting ‘Stop AAPI Hate’ Efforts: As an Individual, a Company, and Community as a Whole.” CGCC was honored to invite three experts from different backgrounds to share their views on how to best support “Stop AAPI Hate” efforts with CGCC members and the greater community.

On Thursday, April 29, 2021, China General Chamber of Commerce-USA (CGCC), as part of its Legal and Policy Series, hosted a well-attended webinar with a distinguished panel from Jones Day, discussing “The Long Arm of the U.S.: The Reach of U.S. Courts Over Chinese Businesses.”

On April 27th, 2021, TIME Magazine published its first-ever list of TIME100 Most Influential Companies. The list aims to highlight “businesses making an extraordinary impact around the world.”

Multinational companies are under increasing legal and social pressure to increase their representation of women and minorities on boards and in their workforce. Long after the practice became commonplace in Europe, the United States is beginning to impose initiatives mandating that companies include a certain number of minorities on their boards.