As part of its renewed interest in China, Blackstone Group is considering investing US$400 million in a 20-40% stake of National BlueStar Group, a state-owned chemical company. The Wall Street Journal reported the deal, noting that it would be small by global standards but large in China where deals are usually below US$100 million. The […]
Category: Investment
Michael Enright discusses the future of Hong Kong and the Pearl River Delta’s increasingly integrated economies
India and China may be very different on the surface but the two countries are poised to work together in the future, said Nirupama Rao, India’s ambassador to China. The comparison between India and China has become commonplace but the debate should not be a cause of concern. "An intergovernmental network and other mechanisms are […]
Chinese and Indian companies raised the most money in Asia excluding Japan during the first half of this year, according to preliminary data released by data provider Dealogic, the Wall Street Journal reported. Chinese companies raised US$21.5 billion with 85 initial public offerings (IPOs), up from 46 IPOs at US$15.6 billion a year ago, while […]
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Throw money at India
India’s largest-ever IPO went to market this week, a US$2.4 billion float by real estate firm DLF. The company received bids worth three times the total shares available. Later this month, state bank ICICI plans to raise US$5 billion in offerings in India and the US. Those of us who follow the stock markets in […]