China Economic ReviewPrudential Financial is investing in a funds management joint venture with Everbright Securities, reported the Financial Times. The second largest US life insurer will take a minority 33 per cent stake in the fund. While this is currently the maximum shareholding permitted by Chinese regulators, foreign fund managers are likely to be allowed to increase […]
As China's industries become more open to foreign investment, Peter A Kenevan and Xi Pei argue that alliances with local companies represent an attractive and profitable option for many global corporations. Foreign investment in China used to be restricted largely to alliances with struggling state-owned companies. The results were mixed, and some high profile failures […]
Controversial for its impact on the environment and local residents, the Three Gorges Dam should actually deliver substantial economic benefits to the impoverished regions of central and western China.
Japan's Nippon Steel and Baoshan Iron & Steel have agreed to establish a Yn6.Sbn cold-rolled steel plant in Shanghai. The plant will initially be a 50-50 joint venture but Nippon Steel said that Arcelor, the world's largest steelmaker headquartered in Europe, may also invest in the venture. Production is due to begin in 2005. Steel […]
Millea Holdings of Japan said in late June it would pay Yn 1,06bn for a 24.9 per cent hold-ing in Shanghai- based Sino Life Insurance. This is the maximum foreign ownership allowed under curtent rules, although the proportion will be relaxed as part of China's deal to join the World Trade Organisation. The purchase is […]