China Economic ReviewChina has announced the first group of foreign brokers allowed to trade shares under its Qualified Foreign Institutional Investor scheme. They are UBS, Switzerland's biggest bank, Nomura Securities, the leading Japanese securities firm, and Morgan Stanley and Citigroup of the US. Under the scheme, the brokers will be allowed to trade in the US$500bn A-share […]
Despite the recent Sars outbreak, utilised foreign investment in the first five months of 2003 rose 47 per cent year-on-year to US$24bn. However with a growth rate of 51 per cent recorded between January and April, momentum tailed off slightly in May. Experts at the China Academy of International Trade and Economic Co-operation forecast that […]
A Ministry of Commerce website for foreign investment in China was launched at the beginning of June, Xinhua reported. The site, called Invest in China (www.fdi.gov.en), includes information in both Chinese and English on China's economy, laws, government departments, statistics and research. It also has links to relevant bodies such as the business agencies of […]
Qualcomm, the US-based developer of the CDMA standard, said it would invest up to US$ 100m in Chinese start-ups that develop CDMA applications and services. The commitment is part of a U$500m investment plan announced in November 2000. The group hopes the investment will promote the adoption of CDMA technology in China. China Unicom said […]
US media group AOL Time Warner is in talks to sell a controlling stake in its Chinese television station to Tom.com, which is controlled by Hong Kong tycoon Li Ka-shing, the Financial Times said. The possibility of a link between the two companies was first mooted earlier this year when it was seen more as […]