China Economic ReviewUS private equity firm Carlyle Group has spoken out in defense of its track record in China and believes that private equity will be strong in Asian despite the global credit crunch. X.D. Yang, Carlyle's top executive in Asia, pointed out that the company's high-profile struggle to win Beijing's backing for an investment into construction […]
Prudential, the UK's second-largest life insurer, increased its stake in its fund management joint venture with CITIC from 33% to 49%, the Financial Times reported. CITIC is also raising its share to the same level, with shareholder China-Singapore Suzhou Industrial Park Venture Company reducing its holdings from 18% to 2% and Suzhou New District Economic […]
US Treasury Secretary Henry Paulson urged China to allow Sino-foreign joint-venture brokerages Wednesday, stressing that liberalizing the financial services sector is critical to maintaining economic stability and future growth. Paulson, on his final day in Beijing for the second round this year of the Sino-US Strategic Economic Dialogue, also pressed further on the issue of […]
People's Bank of China (PBOC), China's central bank, has purchased a .046% interest in UK gas giant BG Group, Reuters reported. According to exchange records, PBOC bought the stake, worth an estimated US$254 million at the current share price, between June 13 and July 15. PBOC representatives declined to comment on the purchase, saying only […]
Olympic growth is already boosting supply and demand for Beijing property