Chinese sovereign-wealth fund China Investment Corp (CIC) and the State Administration of Foreign Exchange (SAFE) were behind a series of investments in major Japanese firms totaling more than US$19.4 billion in 2010, the Wall Street Journal reported, citing people familiar with the matter. Between April and September last year, a shareholder called SSBT OD05 Omnibus […]
Category: Investment
Construction has begun on a US$2.6 billion resort in the Bahamas that is being built and financed by the China Export-Import Bank and China State Construction (3311.HK), Reuters reported. China’s ambassador to the Bahamas, Hu Dingxian, was present at the groundbreaking ceremony for the Baha Mar resort, which he said was a milestone in China-Bahamas […]
JPMorgan (JPM.NYSE) and Fidelity are among the many overseas banks and asset managers looking to apply for trust company licenses in China, the Financial Times reported. There are currently around 55 such trust companies in China that can raise money for clients, trade with their own capital and create investment products with no limit on […]
China should account for 8-9% of global merger and acquisition activity this year, maintaining a similar share to 2009 and 2010, according to JPMorgan’s (JPM.NYSE) head of China M&A, Reuters reported. Consolidation in consumer retail, healthcare, real estate, and chemical and industrial sectors is likely to drive M&As within China this year, Brian Gu said. […]
Demand for gold in China is growing at an "explosive" rate, according to Industrial and Commercial Bank of China (601398.SH, 1398.HK). The bank sold about 7.7 metric tons of physical gold in January alone – nearly half the sales volume for 2010 as a whole. "As Chinese get wealthy, they look to diversify their investments […]