The earliest Hong Kong will see an initial public offering of a mainland state-owned bank will be mid-2005, according to a report quoting Hong Kong Exchanges & Clearing Chairman Charles Lee. The banks need time to reduce non-performing loans and to let auditors bring their books up to international standards. "Given their large networks, the […]
Category:
Categories
China lags in hot spots
Intel signed agreements with the Dalian and Chengdu municipal governments to install new broadband wireless services, a sign that WiFi activity may be picking up. An International Herald Tribune story said Beijing's year-old dispute with Intel and others over wireless standards was partly to blame for China's slow deployment of WiFi hotspots, which enable wireless […]
Categories
State Street partnership formed
State Street Global Advisors (SSGA) has formed a partnership with China Asset Management with plans to market an exchange-traded fund, which awaits regulatory approval. A joint venture could be next. Regulations require foreign fund managers to operate in the mainland as joint ventures. SSGA Principal and Chief Executive Vincent Duhamel said his firm would prefer […]
Categories
Work accidents decrease
The latest State Administration of Work Safety statistics showed there were 41,393 deaths from work-related accidents in the first four months of 2004, 13% fewer than for the same period last year. The administration said coal mine fatalities dropped by 12.3% in the first quarter over the corresponding quarter in 2003. Across all sectors in […]
Categories
Hu signs deal with Romania
President Hu Jintao signed economic agreements with Romanian president Ion Iliescu during a three-day trip to the Eastern European nation. Agreements included a deal in which Chinese companies will construct a 990 meter bridge over the Danube river at a projected cost of US$300 million. The bridge will be located in eastern Romania and is […]