Some inland provinces are holding job fairs to attract migrant workers back home, leading enterprises in coastal manufacturing hubs to fear increasingly serious labor shortages, and higher wages.
Other stockholders include investment firms Trueway Company and Gainway Enterprises, JPMorgan Securities Japan and Nomura Asset Management, and banks holding stakes for Japanese mutual funds.
This allowed the new business, once local-government approval was obtained in China, to accept foreign private-equity money invested into the overseas holding company, while abiding by the letter of Beijing's restrictions on foreign investment in domestic enterprises.