woensdag, juni 30, 2004
China United seeks 4.5b yuan
China United Telecommunications, which controls the smaller of the nation's two mobile operators, plans to raise 4.5 billion yuan (HK$4.24 billion) through a three-for-10 rights offer to help its parent fund network construction. (bron: The Standard)
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dinsdag, juni 29, 2004
A bumpy road but no crash for China
CHINA'S unique blend of state-controlled capitalism has produced outstanding economic results compared with the chaos that still reigns in its northern neighbour, Russia. (bron: NEWS.com.au)
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China should keep RMB pegged to dollar
China should keep its renminbi (RMB) currency pegged to the US dollar in the short term and a floated currency will do more harm than good to the country, said Steve Forbes, president and CEO of Forbes Inc. here Monday. (bron: Xinhuanet)
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maandag, juni 28, 2004
China overtreft VS met investeringen
China was vorig jaar voor het eerst aantrekkelijker als investeringsland dan de Verenigde Staten. China trok 53 miljard dollar (44 miljard euro) aan directe investeringen aan tegen 40 miljard dollar voor de VS. (bron: De Financiƫle Telegraaf)
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China launches small-company stock market, prices soar on first day
China launched a new stock market this week for small companies, and share prices for its first eight listings soared by an average of 130 per cent in their opening day. (bron: National Post)
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China cooling impact now global
China's policy measures to slow investment spending are only just beginning to be felt, especially globally, according to a report on the implications of the slowdown by Qu Hongbin, HSBC's China economist. (bron: The Standard)
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maandag, juni 14, 2004
China's Ping An Expects At Least 19% Net Jump In 2004
Ping An Insurance (Group) Co. (1833.HK), the Chinese insurer raising up to US$2.1 billion in an initial public offering, is forecasting a 19% jump in its net profit this year. The insurance company kicks of the retail tranche of its IPO Monday. In a press conference Sunday, Ping An Chairman and Chief Executive Officer Peter Ma said the company expects to report net profit for the year to Dec. 31, 2004, of no less than 2.76 billion yuan (US$1=CNY8.28), up 19% from the CNY2.32 billion reported last year. In 2002, Ping An had a net profit of CNY2.017 billion. (bron: Yahoo Finance Singapore)
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Growing demand, inefficiency blamed for China's shortage of energy supply
Accelerating development of power-intensive machinery, auto, steel and manufacturing sectors, the growing pace of urbanization and low energy efficien cy are blamed for China's extensive shortage of energy, which may worsen before 2020. An industrial report of the State Information Center with the National Bureau of Statistics forecasts China will face a more severe power shortage this year than it did in 2003. A total of 24 provincial areas imposed power brownouts in the past few months. (bron: Xinhuanet)
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