Sumitomo has just done a deal which looks very significant. The Japanese trading house has reached agreement to buy a large block of non-tradeable shares in a listed state-owned pharmaceutical company. The terms are that it has to abide by a three-year lock-up period, the implication of which is they are free to sell on […]
Category: Investment
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Alliance brings border cities closer
A new partnership, the Shenzhen and Hong Kong Investment Alliance, has been established to exploit investment opportunities in the twin cities, the South China Morning Post reported. At the top of its agenda will be cutting cross-border red tape and fostering government co-operation. The alliance's Hong Kong president, MTR Corp chairman Raymond Chien Kuo-fung, said […]
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Moody's to enter partnership
Moody's Investors Service is taking a 49% stake in China Chengxin International Credit Rating, buying into increasing demand for rating services, the South China Morning Post reported. The international ratings agency will purchase the shares from China Chengxin Credit Management and an affiliated entity, as long as regulatory approval is granted. ?This joint venture will […]
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FDI from Japan hits record high
Japan's investment into China rose 19.8% in 2005 to a record US$6.5 billion, according to the Beijing office of the Japan External Trade Organization (JETRO). This came despite anti-Japanese protests last April triggered by Tokyo's bid to join the UN Security Council, its attitude towards its wartime activities and disputes over energy resources. The increase […]
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Time to break free of the bonds
Dubai’s US port acquisition brought back ugly memories of the CNOOC-Unocal debacle, but overseas equity stakes are the way forward for Chinese investors.