Category: Investment

State-backed conglomerate CITIC Pacific and Veolia Environment, the world's largest water company, will supply drinking water to the city of Changzhou, near Shanghai, in a 30-year deal worth US$964 million, the Standard of Hong Kong reported. CITIC will pay more than US$47 million for a 49% stake in Changzhou Tap Water Group (CZTWG) and take […]

A stock rescue fund to compensate investors who get caught up in the collapse of mainland brokerages is to be launched by regulators, state media reported. A company was set up in early September to manage the fund, overseen by five government agencies, including the China Securities Regulatory Commission, the Ministry of Finance and the […]

After announcing in May it would raise the amount of money overseas institutions may invest in the nation's stocks and bonds to US$10 billion, Beijing has begun distributing US$6 billion worth of new qualified foreign institutional investor (QFII) quotas to foreign banks and fund managers. Hang Seng Bank, the first to acknowledge the increase in […]

China has set up a US$779 million fund to protect investors against stock market losses, compensating investors with accounts in bankrupt brokerages, the FT reported. Many Chinese brokerage companies have suffered scandals and mismanagement in recent years. The development comes amid a concerted government overhaul of the country's markets that aims to make all shares […]