Germany’s premium auto brands seduce Chinese customers
Category: Investment
China National Materials (1893.HK), a cement maker also known as Sinoma, said on Wednesday that it is seeking overseas acquisitions after China’s construction market boosted its earnings 71% in the first half, Reuters reported. The company, which is the world’s largest cement equipment maker, will seek between one and 10 acquisitions in Europe and the […]
Chinese millionaires will account for half of Asia’s rich and hold over half of wealth in Asia (excluding Japan) by 2015, according to a report released Wednesday from Julius Baer and CLSA, Bloomberg reported. China is expected to have 1.4 million high net worth individuals, about half of Asia’s total 2.8 million. Moreover, Chinese millionaires […]
Sinopec (SNP.NYSE, 600028.SH, 0386.HK) announced Sunday it intends to raise US$7.8 billion through bond sales after enjoying an unexpected 12% rise in first-half profits, the Financial Times reported. The world’s second-largest oil refiner said it will sell a mixture of regular and convertible bonds to existing shareholders to fund projects, increase working capital and pay […]
China-focused private equity funds raised US$10.3 billion in the first half of 2011, and are poised to beat the pre-crisis PE fundraising record of US$14.5 billion in 2008, Reuters reported. China’s share of the world’s fundarising total stands at 45%, and its share of global deal activity has also increased significantly, from a 19% share […]