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Trading Places: Chinese Cities
A few months back I met with Dan Inman to discuss what I had been seeing in my time in China, related to China’s 2nd and 3rd tier growth, and this week his article was released on CNBC’s European Edition. Trading Places take a mixed approach of looking at the macro picture and then bringing [...]
Looking For a Job In China? You Are Not Alone…
h/t to China Digital Times for this picture posted on Netease. It is timely as my director and I were talking about the difficulties of new graduates finding good jobs now, and the fact that all the babies born in 2007 (year of pig) and 2008 (Olympic babies) are probably going to create a very [...]
Citigroup to form investment banking JV
Citigroup has agreed to form an investment banking joint venture with a Chinese brokerage, the Wall Street Journal reported. The proposed partnership with Central China Securities Holdings, which would allow the US bank to collect fees from underwriting the sale of yuan-denominated shares and bonds on the Shanghai and Shenzhen stock exchanges, is currently awaiting [...]
China Mobile, ICBC to focus on emerging markets
The heads of two of China’s largest state-owned companies have said that they would focus on emerging markets as part of their overseas acquisition strategies. Jiang Jianqing, chairman of Industrial and Commercial Bank of China (ICBC), said his bank will look at strategic acquisitions in emerging markets, the Wall Street Journal reported. Jiang, speaking in [...]
Three Gorges Dam risk study likely
China will likely commission a feasibility study on environmental risks related to the Three Gorges Dam to a US environmental group, the Wall Street Journal reported. The state-owned firm that owns and manages the dam is finalizing an agreement with the Nature Conservancy for a study that will minimize the ecological impact of the dam [...]
Official: Six died during Olympics construction
A Beijing municipal government official admitted that six workers have been killed during the construction of Olympics venues in the past three years, the Wall Street Journal reported. Ding Zhenkuan, deputy chief of the Beijing Municipal Bureau of Work Safety, said two people had died while building the National Stadium, also known as the Bird’s [...]
Australian coal loses market share in China
Australia’s share of the Chinese coal market dropped sharply last year, the Financial Times reported. Australian coal exports to China dropped by 34% to 4.52 million tons last year, according to figures from China’s customs authorities. Vietnam was China’s biggest foreign supplier, with a 23% year-on-year increase to 24.6 million tons. Coal is Australia’s biggest [...]
Brokerages can now manage individuals’ assets
Chinese brokerages will be allowed to manage assets for individual clients for the first time, Bloomberg reported. The China Securities Regulatory Commission (CSRC) announced the move by publishing a set of draft rules on its website yesterday, and has requested comments from the public. Under the draft rules, brokerages can manage cash, bonds, asset-backed securities, [...]
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