Industry&Companies
Shanghai Auto Buys MG Maker Nanjing
[2007-12-28]
The 2 billion yuan deal will diversify the product lineup for Chinese automaker SAIC, which once competed against its new subsidiary for the Rover line.
Profits Jump, Questions Fly as Ethanol Subsidies Rise
[2007-12-28]
A government decision to dramatically boost support for two of China’s four producers of corn-based ethanol reversed a trend toward falling subsidies.
Sinopec Wins Access to Huge Iranian Oil Field
[2007-12-27]
After years of negotiations and despite Washington’s objections, China and Iran have agreed to jointly tap the Yadavaran field’s 18 billion barrels of oil.
Chinese Fund Manager Bosera Auctioned Off
[2007-12-27]
Minority shareholder Merchants Securities submitted the winning bid of 6.23 billion yuan for control of mutual fund giant Bosera, two years after regulators shut down majority stakeholder Jinxin for mismanaging investments.
CIC Got a Stake of Morgan Stanley
[2007-12-24]
By investing US$ 5 billion in Morgan Stanley, China’s sovereign wealth fund is positioned for future profit.
CITIC Bank Not in Talks with Bear Stearns
[2007-10-18]
A source close to Bear Stearns executive told Caijing that the U.S. investment bank, which is struggling after losses on the sub-prime market, is shopping for buyers in China.
Is It Bribery, or Business As Usual in China?
[2007-09-20]
German and U.S. investigations of multinational Siemens have helped pull back a curtain to reveal common business practices in China – from kickbacks to phony consultants – considered unethical and often illegal in western countries.
KKR Launches Cement Deal
[2007-09-17]
KKR has combined its own investment funds with long-term syndicated loans to bring US$ 450 million of capital to Tianrui, a cement company.
Blackstone Takes Rocky Road to BlueStar Deal
[2007-09-12]
Long negotiations and bumps along the way preceded the private equity firm's agreement to buy 20 percent of China's BlueStar chemical company -- a deal that still isn't sealed.
Restructuring Gears Up as Telecoms Gap Grows
[2007-09-12]
China Mobile's surging profits and mixed results for other operators portend another overhaul for the nation's telecommunications industry, where the switch is on from fixed lines to wireless networks.
Death of A Toy-Maker
[2007-08-28]
Product recalls are not rare events in the Chinese export toy business. Yet something in the way this incident played out drove a successful businessman to take his own life, shut down his once-thriving factory and send his more than a thousand employees seeking for other work. The responsibility for the unsafe toys Mattel Inc. was forced to recall lies in many more hands than just those that tied the noose that fateful day.
New Ways Out for China’s PE Funds
[2007-07-13]
Recently barred from the overseas initial public offerings that provided easy investment exits, China’s “homegrown” PE funds are ready to try IPOs on domestic exchanges.
Raving for Private Equity, Chinese Style
[2007-07-13]
Recently barred from the overseas initial public offerings that provided easy investment exits, China’s “homegrown” PE funds are ready to try IPOs on domestic exchanges.
Sinopec Shakeup as Ex-chief Removed, Detained
[2007-07-12]
Rumors and the sudden replacement of Sinopec’s chairman Chen Tonghai, who was succeeded by industry pro Su Shulin, sent the oil giant’s share prices tumbling.
Hainan Airlines Prepares Its Grand China Takeoff
[2007-07-11]
A proposed red chip listing on the Hong Kong exchange is a key part of Hainan Airlines’ strategy for growth, with flights to more cities and a new name, Grand China.
China Primes the Pumps for Iraqi Oil
[2007-06-27]
A long-sought deal to open Iraqi oil fields to China appears close at hand, although similar hopes in 1996 were crushed by the ongoing conflict in Iraq.
Chinese Carmakers May Bury the Hatchet
[2007-06-13]
After fighting over former British automaker MG Rover, China’s NAC and SAIC may soon end their bitter rivalry by joining forces.
“Rhythm” Turns To Ruin for Insurance Boss
[2007-05-30]
Guan Guoliang expanded Beijing-based New China Life Insurance into a nationwide network in just four years. He also allegedly siphoned billions of yuan into shell companies, forcing government intervention.
New Bailout Likely for Indebted Rural
[2007-05-22]
The market’s current condition is “irrational exuberance,” a phrase used by Alan Greenspan when he commented on the U.S. stock market in 1996. To calm the exuberance, measures that are more definitive than an education program should be adopted.
Forging Ahead, Google China Tries to Forget 2006
[2007-05-01]
The world's largest search engine is recruiting talent and battling Chinese rivals, including the country's top site Baidu.com. But after a problem-plagued startup, has Google China under chief Lee Kai-Fu turned a corner?
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