Italy's second largest city is to be home to the first European office of Dagong, the Chinese credit rating agency,which check chinese company credit. It is expected that the company's Milan office could get official approval to begin operations as early as next month (June). It is currently waiting on final authorisation from the European Securities and Markets Authority (ESMA), the EU financial regulatory body.
Once operational, the Milan office will employ more than 40 analysts as a joint venture between Dagong Global and Mandarin Capital Partners, a Sino-Italian private equity fund. It will undertake rating activities for banks and corporate entities, while any sovereign state rating activity will be conducted by the company's head office in Beijing.
It is believed this Europe-based rival to Standard & Poor's, Moody's and Fitch Group (the three ratings agencies that together share 95% of the global market) is intended to boost Chinese investments in Europe by providing Mainland companies with clear indications of the value and rating of local industry prospects.
It is a timely launch, given that Chinese investors are currently switching away from sovereign state bond investments and considering the acquisition of both brands and local industries. A rating by a China-based agency could be a useful guide for Chinese investors looking to evaluate opportunities in the European market.
Milan decision surprises industry observers
The selection of Italy as Dagong's first European operation – with more apparently planned in the coming years – has caused raised eyebrows among the EU business community. Despite retaining something of an industrial base, the country is not seen as one of the main European hubs for financial services.
The Italian press has carried some concerns that the arrival of this Chinese newcomer reflects expectations that a number of local businesses, weakened by the prevailing European financial conditions, could be ripe to be acquired at knockdown rates. Some have even suggested the agency could be instrumental in artificially lowering the value of companies in order for purchasers to secure a better deal. Others, however, maintain that the arrival of a Chinese ratings agency is inevitable given the level of the country's acquisitions in Europe.
2016年1月4日 星期一
2015年9月27日 星期日
The all Electric Hovering self balance scooter
Segway is fun, more and more people choosed a segway for their daily life. A new site can be seen in towns and cities all over the world at the moment in the form of small electric scooters being used as personal transportation devices. People are finding that a balance scooter in the perfect way to get around quickly and easily.
The new electric scooters have a unique, new and small design which means they can 'hover' a person along a pavement, down a road or path and work both indoors and outdoors.
The electric scooter fad has become apparent after a number of celebrities and online bloggers and youtube stars began using the escooters to get around. Unlike other scooters they do not have handlebars and rely on the balance and ingenuity of the person riding the escooter.
An electronic gyroscope inside the scooter means it will balance automatically whenever a person places two feet on it. Unlike previous similar transportation devices like the Segway, Unicycles, Push scooters an electronic self balancing scooter only requires you to tilt your feet and body in the direction you wish to travel. The pivoting self balancing electric scooter
can then work out which direction you wish to go and send you in that direction using built in motors connected to each wheel.
The battery life of an self balancing electric scooter is outstanding allow somebody to travel around 22KM without needing a recharge. The electronic scooter we tested was certified for use in wet weather. Every 2 wheel self balancing scooter is strongly deisigned and constructed meaning in can withstand the bumps and knocks of travelling around a busy town or city.
If you don't want to spend each day on a self balancing unicycle then battery powered motorized scooters look like the perfect way to get around.
The new electric scooters have a unique, new and small design which means they can 'hover' a person along a pavement, down a road or path and work both indoors and outdoors.
The electric scooter fad has become apparent after a number of celebrities and online bloggers and youtube stars began using the escooters to get around. Unlike other scooters they do not have handlebars and rely on the balance and ingenuity of the person riding the escooter.
An electronic gyroscope inside the scooter means it will balance automatically whenever a person places two feet on it. Unlike previous similar transportation devices like the Segway, Unicycles, Push scooters an electronic self balancing scooter only requires you to tilt your feet and body in the direction you wish to travel. The pivoting self balancing electric scooter
can then work out which direction you wish to go and send you in that direction using built in motors connected to each wheel.
The battery life of an self balancing electric scooter is outstanding allow somebody to travel around 22KM without needing a recharge. The electronic scooter we tested was certified for use in wet weather. Every 2 wheel self balancing scooter is strongly deisigned and constructed meaning in can withstand the bumps and knocks of travelling around a busy town or city.
If you don't want to spend each day on a self balancing unicycle then battery powered motorized scooters look like the perfect way to get around.
2015年9月8日 星期二
Document Legalization: Jurisdictional Issues
Three Key Questions to Ask Before Getting Started on a Legalization Project
Where is the document from?
Where will the document be used?
What type of document is it?
The answers to these questions can have a significant impact on how to proceed. Below are a few examples of how to approach a legalization project based on whether the originating and destination countries have signed onto the Hague Convention on Abolishing the Requirement of Legalization for Foreign Public Documents.
Example 1: You need to use documents from Japan (Hague party country) in the U.S. (Hague party country) and in the United Arab Emirates (UAE) (non-Hague party country). What you need: Japanese apostille for U.S. and Japanese authentication with UAE legalization for UAE.
Example 2: You need to use documents from China (non-Hague party country) in the U.S. (Hague party country) and in Brazil (non-Hague party country). What you need: Chinese authentication with legalization at U.S. and Brazilian embassy/consulate inChina.
The type of document, in certain circumstances, can be very important. Sometimes documents such as passports, educational or personal documents must be sent to one consular office, while commercial documents must be sent to another. Certain consular offices may refuse to legalize certain document types altogether, but their sister offices may accept them. Different types of documents may also require different procedures (such as Algeria only requiring translations for a Power of Attorney) or different fees (such as a fee of $30 for Good Standings, and a fee of $600 for most other corporate documents at the Embassy of the United Arab Emirates). And for many Arab countries, commercial invoices require an additional step of certification by the National U.S.-Arab Chamber of Commerce.
Procedures Can Vary Greatly Between Consular Offices for Same Country
Sometimes, the regions covered by different consular offices for a particular country overlap. In these situations, it is usually best to determine if there will be a benefit in working with one office over another. For example, when legalizing a document, some consular offices require only that a document be notarized due to the fact that the notary is registered within a specific territory. Conversely, sometimes it is necessary to have a document notarized, certified by a county clerk, authenticated by a Secretary of State, authenticated by the U.S. Department of State and even certified by a trade group before it can be legalized by the consulate. In some cases, going to one consular office versus another can make a big difference in terms of turnaround time, level of complexity and the cost associated with these projects.
Getting Accurate Information Can Be a Challenge
Most embassies/consulates post their jurisdictional policies and procedures online. The information on these websites, however, is often out of date and inaccurate. In some cases, the websites are not even in English. We have even seen one example of an embassy website containing a scam because it was set up to be editable by the general public, like a “wiki” site, but postings have clearly not been monitored.
There are also books published on the subject of document legalization/authentication, but due to frequent changes in policies and procedures, these are often outdated, even with annual publishing. (It is not unusual for embassies in Washington, D.C., for example, to change their rules on jurisdictional policy more than once a year.)
The bottom line is that if you are going to handle any legalization project, answer the three questions listed above and then start digging. Realize that the rules and procedures change all the time so you can’t assume something will be handled the same exact way as in the past. By doing your “homework” or working with a service company that is experienced in document legalization, you can help to minimize or eliminate delays and frustration.
Where is the document from?
Where will the document be used?
What type of document is it?
The answers to these questions can have a significant impact on how to proceed. Below are a few examples of how to approach a legalization project based on whether the originating and destination countries have signed onto the Hague Convention on Abolishing the Requirement of Legalization for Foreign Public Documents.
Example 1: You need to use documents from Japan (Hague party country) in the U.S. (Hague party country) and in the United Arab Emirates (UAE) (non-Hague party country). What you need: Japanese apostille for U.S. and Japanese authentication with UAE legalization for UAE.
Example 2: You need to use documents from China (non-Hague party country) in the U.S. (Hague party country) and in Brazil (non-Hague party country). What you need: Chinese authentication with legalization at U.S. and Brazilian embassy/consulate inChina.
The type of document, in certain circumstances, can be very important. Sometimes documents such as passports, educational or personal documents must be sent to one consular office, while commercial documents must be sent to another. Certain consular offices may refuse to legalize certain document types altogether, but their sister offices may accept them. Different types of documents may also require different procedures (such as Algeria only requiring translations for a Power of Attorney) or different fees (such as a fee of $30 for Good Standings, and a fee of $600 for most other corporate documents at the Embassy of the United Arab Emirates). And for many Arab countries, commercial invoices require an additional step of certification by the National U.S.-Arab Chamber of Commerce.
Procedures Can Vary Greatly Between Consular Offices for Same Country
Sometimes, the regions covered by different consular offices for a particular country overlap. In these situations, it is usually best to determine if there will be a benefit in working with one office over another. For example, when legalizing a document, some consular offices require only that a document be notarized due to the fact that the notary is registered within a specific territory. Conversely, sometimes it is necessary to have a document notarized, certified by a county clerk, authenticated by a Secretary of State, authenticated by the U.S. Department of State and even certified by a trade group before it can be legalized by the consulate. In some cases, going to one consular office versus another can make a big difference in terms of turnaround time, level of complexity and the cost associated with these projects.
Getting Accurate Information Can Be a Challenge
Most embassies/consulates post their jurisdictional policies and procedures online. The information on these websites, however, is often out of date and inaccurate. In some cases, the websites are not even in English. We have even seen one example of an embassy website containing a scam because it was set up to be editable by the general public, like a “wiki” site, but postings have clearly not been monitored.
There are also books published on the subject of document legalization/authentication, but due to frequent changes in policies and procedures, these are often outdated, even with annual publishing. (It is not unusual for embassies in Washington, D.C., for example, to change their rules on jurisdictional policy more than once a year.)
The bottom line is that if you are going to handle any legalization project, answer the three questions listed above and then start digging. Realize that the rules and procedures change all the time so you can’t assume something will be handled the same exact way as in the past. By doing your “homework” or working with a service company that is experienced in document legalization, you can help to minimize or eliminate delays and frustration.
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