COFCO Group to Implement Mixed-Ownership Reforms Including IPOs and ESOPs

Shares of three listed units of State-owned China National Cereals, Oils and Foodstuffs Corp rose sharply on Wednesday [22 February 2017], after the country’s biggest food supplier by volume announced further plans for mixed-ownership reform on Monday. COFCO Biochemical (Anhui) Co Ltd stocks reached their 10 percent daily limit in early trading hours, and settled

State-Owned Henan Farm Invests in Tajik and Ukrainian Farmland

Duan Lin manages vast swathes of farmland in central China’s Henan Province. Next week, the agricultural specialist will fly to Tajikistan to inspect 1,600 hectares of farmland he runs there. Duan comes from a family of agricultural businessmen. His grandfather, Duan Shouming, was among the first generation of farmers who came in 1956 to develop

China’s Ministry of Agriculture Considering Functional Zoning for Certain Crops

The Ministry of Agriculture (MOA) is mulling to establish grain production function zones as well as key agricultural product production protection zones to ensure key agricultural product safety and supply, according to Yu Xinrong, vice minister of MOA…Full Article: Xinhua Finance Dec 2016 Key Point Officials are considering agricultural function zones in northeastern China (i.e.

China’s Asia Pacific Food Capital Signs Agreement with Kazakhstan’s National Export and Investment Agency

Kazakhstan and China intend to create a joint agricultural investment fund [~US$3 billion], Kazinform reports. Creation of the Kazakhstan-Chinese investment fund in the field of agricultural industry is provided by the Cooperation Memorandum between JSC National Export and Investments Agency KAZNEX INVEST of the Ministry for Investments and Development of the RoK and Asia-Pacific Food

Beijing Academic Responds to USA’s WTO Grain Subsidy Dispute

On Sept 13, the United States initiated WTO dispute proceedings against China, claiming that Beijing had provided support for farmers in excess of its commitment to the World Trade Organization. Among the crops in contention are wheat, Indica rice, Japonica rice, and corn…Full Article: ChinaDaily Sept 2016 Key Point According to the Dean of the

Jilin Grain Group to Receives US$1.5 Billion from Hubei-based Investment Company to Expand its Business

State-owned Jilin Grain Group Co Ltd, the largest grain trader in northeastern China by sales revenue, will use 10 billion yuan ($1.5 billion) of new investment to add new types of businesses this year, including agricultural insurance, machinery manufacturing and pesticides…Full Article: China Daily Aug 2016 Key Point Founded in 2010 and headquartered in Wuhan,

Shanghai Zhongfu Buys Cattle Land in Northern Australia

A Chinese company has bought one of Australia’s largest cattle stations for $76 million. Shanghai Zhongfu, trading in Australia as Kimberley Agricultural Investment (KAI), acquired the 476,000-hectare Carlton Hill station in far north Western Australia (WA)…Full Article: China Daily Aug 2016 Key Point In March 2016, Australia’s Foreign Investment Review Board (FIRB) approved the acquisition