Archive for
Higher Rates…Higher Markets
While the US is engulfed with “toxic debt” problems, and there is “a run” on a UK bank, the Chinese markets are registering new records, despite more attempts to cool them, according to China Daily: “China’s major stock index shrugged off the latest monetary tightening measures on Monday, rising more than two percent to hit [...]
FDI grows steadily this year
By Jiang Wei (China Daily) Actual foreign direct investment (FDI) in China maintained steady growth in the first eight months and government agencies are investigating the latest batch of “Made in China” toy recalls, a senior commerce official said yesterday. The Ministry of Commerce approved 24,848 foreign-invested enterprises in the past eight months, with actual [...]
New Rules May Scuttle GE, Shenzhen Bank Deal
Shenzhen Development Bank Co.’s chairman said new regulations on private placements and an increase in the bank’s share price have put in doubt the lender’s planned sale of a 7% stake to General Electric Co. The two companies struck a deal in September 2005 for GE Capital to pay 5.247 yuan (70 U.S. cents) a [...]
Shenzhen Airlines Considers IPO
Shenzhen Airlines Co., China’s largest unlisted carrier in terms of assets, said it is considering an initial public offering to fund its fleet expansion. Chief Executive Li Kun said that the carrier doesn’t have a timetable for the planned stock offering. He didn’t give further details. Shenzhen Airlines, in which Hong Kong-listed Air China Ltd. [...]
Olympic Tickets
When I first moved to China, I promised myself that I would go to the 2008 Olympics. I have a lot of friends and family in Beijing and it seems about right that I go for the festivities. Not only will there be awesome events, it’s a great way to celebrate China’s growth and revival. [...]
Inside the toy recalls: Mattel’s sins
It’s been a few weeks since the Mattel toy recalls first started. Since then millions of toys have been taken off the shelves all over the world, a Chinese factory owner hung himself and the “Made in China” name is being dragged through the dirt in the US media. Just about everyone in the US [...]
Shenzhen Development Bank Doubles First-Half Earnings
Shenzhen Development Bank Co. said its first-half net profit doubled, driven by healthy loan growth, an improved interest spread and effective tax management. The bank’s net profit increased to 1.124 billion yuan ($148 million) from 518 million yuan a year earlier. Net interest income, mostly derived from lending, rose to 4.43 billion yuan from 3.11 [...]
Inside the World’s Largest Electronics Producer
Past a guarded gate on the outskirts of Shenzhen sits one of the world’s largest factories, producing gadgets bearing technology’s household names-Apple Inc.’s iPods and iPhones, Hewlett-Packard Co.’s personal computers, Motorola Inc. mobile phones and Nintendo Co. Wii videogame consoles. But few people outside of the industry know of the plant’s owner: Hon Hai Precision [...]
View posts by page: