China Economic ReviewShanghai may attract up to US$2bn in semiconductor investment this year, Reuters reported a senior official of the Shanghai Integrated Circuit Association as telling a local industry forum. The figure was based on investment proposals submitted to the city government and was 30 per cent higher than in the previous year. For example, two Taiwanese […]
Microsoft Corp said that it would invest US$750m in China over the next three years as part of a software development deal with the Chinese government. Under a memorandum of understanding signed in Beijing by Microsoft chairman Bill Gates and State Development Planning Commission minister Zeng Peiyuan, Microsoft will invest the money in education, research […]
The China Securities Regulatory Commission said in July that individual foreign firms are allowed to invest in at most two domestic fund management companies and can be the biggest single shareholder in only one of them, Reuters reported. The maximum size of a foreign stake is currently 33 per cent but this will rise to […]
China International Trust and Investment Corp (Citic) is to pay US$200m for 35 per cent of Fletcher Challenge Forests, the second largest forest owner in New Zealand, Shanghai Daily said. The purchase is being made through South East Asia Wood Industries Holdings, which is 40 per cent owned by Citic. Citic Group Executive Director Mi […]
A survey by Nihon Keizai Shimbun of 99 major Japanese companies found strong confidence in the China market. The poll found that 24 per cent of respondents thought China had more appeal than Japan as both a production base and a consumer market, while 31 per cent just thought it was a superior production base. […]