Category: Investment

China's first Sino-foreign mutual fund joint venture has been set up in Shenzhen, Guangdong province, Xinhua reported. The joint venture is operated by ING of the Netherlands, which holds 30 per cent, China Merchant Securities with 40 per cent and three other Chinese partners holding a combined 30 per cent. Regulations on the establishment of […]

US banking giant Citigroup is buying a 5 per cent stake in Shanghai Pudong Development Bank, Bloomberg reported. Citibank Overseas Investment Corp will pay Yn600m for the stake, or Yn3.32 a share, and buy another 1.7 per cent from Shanghai Jinqiao Export Processing Zone Development Co, as part of its parent's plan to take a […]

China Ocean Shippi, shipng Co (Cosco) is tapping the international market for financing the building of some of the world's largest container ships. It is seeking up to US$500m to build a probable total of six ships of around 7,000 teu in capacity. Recently, Cosco has ordered new container ships from yards in South Korea, […]

 Mayborn of the UK is to move certain manufacturing processes carried out by its baby products division to a new unit in Guangdong province. French car-maker PSA Peugeot Citroen plans to form a joint venture with China's third largest car-maker, Dongfeng Motor, to manufacture Peugeots in Wuhan in Hubei province. Taiwan-backed Semiconductor Manufacturing International […]

China's private enterprises have huge potential but they lack funds. Investors able to supply capital will unlock a vast reservoir of pent-up demand, writes Francis Bassolino. Until now, foreign direct investment (FDI) has been the only viable vehicle for direct equity participation in mainland Chinese markets. Over the coming decade, however, this situation will change. […]