China Shenhua Energy nearly doubled on its trading debut in Shanghai Stock Exchange Tuesday, Xinhua reported (in Chinese). The company, China's biggest coal miner, opened at RMB68 (US$9.05) per share, jumping 83.8% from its initial price of RMB36.99 (US$4.93). The miner has issued 1.8 billion yuan-denominated shares and raised a record US$8.87 billion, making it […]
Category: Economics & Trade
[photopress:Financial_Street_Beijing.jpg,full,alignright]HSBC NF China real estate fund, managed by a joint venture between the real estate investment arm of HSBC and property developer Nan Fung Group, has recently raised $700 million to invest in the Greater China market. HSBC and Nan Fung Group shared $200 million of the fund’s seed money equally. To date, it has […]
[photopress:Hotel_gilles_pellison.jpg,full,alignright]The new name is Pullman. Accor is positioning Pullman as an upscale hotel somewhere between the first-class hotel Sofitel and Novotel. Think of Pullman as being designed for the upmarket business traveler and you have it about right. Gilles Pelisson, CEO of Accor and seen here, said ‘The idea of Pullman is to fill a […]
[photopress:IT_Robin_Li_baidu2.jpg,full,alignright]Baidu is a stock with a lot of supporters. JP Morgan analyst Dick Wei said Baidu shares should rise to $400 by the end of next year. The company has brand recognition and a history of offering products its users want, he said, which has made it one of the most visited Web sites in […]
[photopress:logistics_Brian_Lutt.jpg,full,alignright]Brian Lutt, president of APL Logistics said that the China trade surge has created unprecedented complexity, additional costs and potential choke points in thousands of international supply chains. He recently warned delegates at the Transpacific Maritime Asia Conference in Shenzhen that these challenges will be magnified as China looks to spread wealth beyond the coast. […]