China Economic ReviewBoeing is to take a 50 per cent stake in a US$100m airplane modification and repair joint venture in Shanghai, reported Xinhua. If the project receives authorisation from the State Development and Reform Commission and the Ministry of Commerce, the venture would start operations in 2005, said the company's China president, David Wang. According to […]
Investing in mainland China usually involves an element of risk, but with an intelligent risk management framework in place, foreign firms can make risk work in their favour, says Prof. Kai-Alexander Schlevogt. Many companies are attracted by China's great market potential, but are deterred by the perceived risk of doing business there. For example, despite […]
ABN Amro Asset Management has agreed to buy a 33 per cent stake in Xiangcai Hefeng Fund Management, the asset management arm of Xiangcai Securities, China's seventh-largest brokerage, the Financial Times said. The price paid was not disclosed, but to secure the deal the Dutch group had to buy out four existing shareholders of the […]
China was the leading destination for business travel in the Asia-Pacific region in 2002, according to a survey by MasterCard International. Its poll of 5,500 people revealed that 21 per cent listed China as their top business destination, followed by the US with 20 per cent and Hong Kong with 12 per cent. Australians were […]
General Electric's power systems subsidiary has acquired 90 per cent of a leading joint venture supplier of hydropower equipment, Kvaerner Hangfa, set up in 1995 with registered capital of US$25m. Kvaerner Energy has sold its entire 61 per cent stake in the company, while the 39 per cent stake of the other former partner, Hangzhou […]