Other Briefings
U.S. Energy Company Seeks to Raise US$200 Million on Hong Kong Listing
Feb. 2 – The U.S.-based energy company, China Hydroelectric, has announced plans to raise US$200 million through a listing in the Hong Kong stock exchange. Deutsche Bank and Merrill Lynch have been appointed to manage the sale, with a listing scheduled for three-four months time. The company, was formed to take advantage of a unique […]
China in Asia: Feb. 2
Feb. 2 – Here is how China has been reported across the region over the past week. Asia According To The Big Mac Index Invented by The Economist magazine in 1986, Burgernomics is a modern, fast food version to calculate the purchasing power parity (PPP) of a nation. The informal theory uses a common standard, […]
Wen: China Considering New Stimulus Package
Feb. 2 – Chinese Premier Wen Jiabao said that Beijing was considering another economic stimulus plan in addition to the initial US$585 billion package announced last November. Wen spoke during an interview with the Financial Times during the fifth leg of a European tour tasked to assure trade partners that China will cooperate with the […]
Lunar New Year Holidays Boosts Spending by 13 Percent
Feb. 1 – China’s Ministry of Commerce announced retail sales increased by 13.8 percent to RMB290 billion during the Lunar New Year holidays despite the slowing economy, compared to the same period last year. The figure may point to a stable Chinese consumer sector that posted a 19 percent increase in retail sales last December. […]
Economist: China Growth To Be 8 Percent in 2010
Jan. 30 – The chairman of Morgan Stanley Asia Limited said during the sidelines of the Davos World Economic Forum that the Chinese economy should post a strong rebound in 2010 when GDP growth reaches 8 percent. Stephen Roach told Xinhua: “China has become increasingly tied with the global economy and does not get special […]
Dezan Shira & Associates Hire Senior U.S. Practitioner
Jan. 30 – Dezan Shira & Associateshas just announced the hiring of Hank Bourg to their Shanghai office. Hank joins the company from LimeLife, Inc. a venture capital company based in Silicon Valley, California. Bourg brings with him expertise and experience for American investors looking for investment legal and tax advice in China and Asia. […]
China Industry Report: Jan. 28
Jan. 28 – This is a regular series of relevant industry news from around China. Wind power Bowen, a wholly-owned subsidiary of China’s CIAM Group Ltd. bought 45 percent of Huaneng Shouguang Wind Power for RMB84.03 million. U.S. Navajo Wind Energy Corp. said it had secured a line of credit financing for up to US$2.5 […]
Beijing Lifts Restrictions for Foreigners Buying Real Estate
Jan. 26 – The Beijing government has lifted restrictions on foreigners wanting to purchase real estate in an effort to lift the slumping property market. For this year, the residency requirement and house type limits that applies for foreign expatriates have been removed. Previously, only expatriates that have resided in the capital for more than […]
