Tag: china

Fook Woo Group is one of six small-cap listing hopefuls to kick-off a Hong Kong IPO in the past week. Cnooc makes its largest overseas investment to date, shelling out $3.1 billion for a 50% stake in Argentine oil and gas company Bridas Corporation. Man Wah, which was listed in Singapore until last year and generates almost half of its earnings from the US, is looking to China for its next growth driver. China Mobile aims to tap into the growing potential for mobile finance and mobile e-commerce through a 20% stake in Shanghai Pudong Development Bank. Fred Hu is leaving Goldman Sachs, but will become an advisory director for the firm. The Chinese car dealer decides to sell a smaller portion of its enlarged share capital at this time, believing that the stock will command a higher valuation in the long term, ... China's latest attempt to secure natural resources sees PetroChina partner with Shell in a $3 billion takeover bid for Australia's Arrow Energy. Tom Fennimore moves to Beijing from New York as part of Goldman Sachs's efforts to build its industrials team in Asia. China's 3% inflation rate target comes as a surprise, as CPI is likely to exceed that level in the second quarter, economists warn. The country’s fifth-largest lender offers its shares at an average discount of 44.4% to the theoretical ex-rights price of its A- and H-shares. The answer is no, not in droves. And that's partly because banks in China aren't ready to pay market prices. As regulators in China endeavour to control bank lending, 2010 will be a year of balanced growth for China, says J.P. Morgan's Jing Ulrich. Tengzhong is unable to secure regulatory approvals to proceed with the Hummer acquisition, forcing it to abandon the deal. The Carlyle group announces its second renminbi fund, in partnership with Fosun, with an initial capital of $100 million. Amid other senior moves, the UK firm's head of China now oversees Hong Kong as well as the mainland. FinanceAsia readers fear that China’s economic recovery is masking an asset price bubble. An apparent change in behaviour by these institutions may be affecting investors' approach to the metal, says the World Gold Council. The China property market should continue to grow in 2010 although both buyers and developers will be more cautious, according to CCB International. Chinese companies will attract the lion's share of inbound M&A this year, according to FinanceAsia readers. Despite volatile markets in Europe and the US, nine bond issuers came to market in Asia last week, including Noble, Chandra Asri, New World, KDB and Star Energy. But Bank of ...