Half of the super-rich in mainland China are considering emigration, according to a survey of Chinese with assets of over RMB 10 million (US$1.57 million), raising concerns about the country’s worsening social and business environment, the South China Morning Post reported. The report, released jointly by the Hurun Report and the Bank of China (601988.SH, 3988.HK), found […]
Category: Investment
French President Nicolas Sarkozy may call Hu Jintao tomorrow to ask China to invest in a potential fund to help resolve sovereign debts in the EU, Bloomberg reported, citing a person familiar with the matter. The fund was one option to extend the reach of the US$612 billion European Financial Stability Facility being considered by […]
BP (BP.NYSE) said a deal to sell its stake in Argentine crude oil producer Pan American Energy to a joint venture between China’s CNOOC (CEO.NYSE, 0883.HKG) and Argentina’s Bridas Energy Holdings is unlikely to close by next Tuesday’s deadline, the Wall Street Journal reported. Both BP and CNOOC said Tuesday that they had not yet […]
Sovereign wealth fund China Investment Corporation may join Blackstone (BX.NYSE) to buy stake in a portfolio of distressed property loans from the ailing Royal Bank of Scotland Group (RBS.LSE), the Wall Street Journal reported, quoting people familiar with the matter. RBS agreed three months ago to sell Blackstone a 25% stake in a property-loan portfolio […]
Jack Ma, founder and CEO of Chinese e-commerce giant Alibaba Group, is seeking US private-equity partners in the coming weeks in a bid to acquire US-based online portal Yahoo (YHOO.NASDAQ), the Wall Street Journal reported. “We’re interested in investing. It’s good for the US. So many PEs are talking to us and we will start […]