Angang New Steel, the publicly traded unit of China’s second-biggest steelmaker Anshan Iron & Steel Group Complex, looks set to emerge from the current round of steel sector consolidation as a major player.
Category: Investment
China's net international investment position grew 138% to US$287.5 billion at the end of 2005, according to China's first International Investment Report. The State Administration of Foreign Exchange (SAFE) report compares China's financial and direct investments overseas to similar investments in China. It showed overseas financial assets grew 32% in 2005 to US$1.2 trillion, while […]
Money brokers eye China
Leading interdealer brokers, the middlemen in currency and fixed-income markets, are looking to establish themselves in they believe could become a lucrative China market. Although mainland capital markets are small and generally unsophisticated, recent regulatory changes may give foreign brokers a chance to play a bigger role. The changes have led to a flurry of […]
Rampant investment risky
The People's Bank of China may move to slow down lending by raising mandatory bank reserves and expanding open-market operations, state media reported, quoting the bank's as yet unreleased annual report. When the report becomes public it will allegedly warn of the emerging negative impact of over-investment in some sectors and caution that potential financial […]
Bulls lurk for the blue chips
The axing of a popular economics TV show deprived the market regulators of a few valuable home truths. But bring in the blue chips and all will be well