As China has evolved from a foreign investment backwater to a global money magnet, Chinese policymakers have pushed through a body of laws across a swathe of areas to make China even more attractive in our globalized and market-driven era. In addition to legislation covering securities, real estate, labor contracts, intellectual property, corporate transparency and bankruptcy, some of the most important new laws have targeted industrial safety. 

As part of the effort to modernize industry and raise safety standards, a set of national fire codes, passed in April 2007, have left Chinese companies scrambling to upgrade their facilities to comply with new regulations.

Beijing-based China Fire & Security Group, Inc. (Nasdaq: CFSG), a developer and manufacturer of industrial-grade fire protection products, is blazing a trail to capitalize on the need for compliance with newly enacted codes. China Fire markets heat, flame and gas detectors, fire extinguishers and fire alarm control and management systems chiefly to companies in the iron-and-steel, power generation and petrochemical sectors in mainland China. In addition to those core markets, China Fire has adapted its products for a wide range of applications, including uses in growth markets like highway and railway tunnels, wine and tobacco warehouses, seagoing vessels, public markets and nuclear power plants — all high-risk locations with a strong need for fire-safety measures.

Industry leaders in innovation, China Fire's 30-member research and development team, which is expected to grow by 50% in the next two years, is one of the country's most productive sources of innovation in fire safety technology. They played a role in creating China's liner heat detector standard, which is more stringent than that of the internationally accepted Underwriters Laboratories standard. And China's Fire's senior executives have been actively involved in establishing both fire-safety codes and industry standards in China and abroad.

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