China Economic ReviewThe 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. […]
Korean electronics group LG opened a second microwave oven factory in Tianjin in May, Shanghai Daily said. Total investment in the 10m-units-a-year capacity plant is US$230m. LG claims to hold 34 per cent of China’s microwave oven market. LG also plans to invest an additional US$300m in the period up to 2005 to build air […]
Recent statistics from the People’s Bank of China (http://www.pbc.com.cn) indicate some surprising changes in household savings behaviour during 2001. Chinese families are accumulating bank deposits at a higher rate than ever before, possibly in response to greater economic insecurity. But the time structure of new deposits has shifted dramatically, away from demand deposits and towards […]