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| Saturday, August 30, 2008 06:13:01 |
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October 25,2006
State-owned China International Trust & Investment Corp (CITIC) has acquired a 7.5 pct interest in Australian gold and uranium explorer Southern Gold Ltd, giving it exposure to Australia's uranium mining and exploration sector, Forbes reported.
October 20,2006
While Top Marques luxury fair in Shanghai still hits the headlines with record transactions, the northeast is catching up with being posh as well. Luxury consumption is no longer a characteristic found during the golden week. In major cities such as Shenyang, Harbin and Changchun, many top global brands have penetrated these markets with exclusive counters and stable audience.
October 20,2006
Cheung Kong Holdings Limited and Hutchison Whampoa Limited that are controlled by Hong Kong tycoon Li Ka-shing have jointly obtained new land in Lujiazui in Shanghai. Judging from land ownership transformation and transactions in the past two years, Shanghai’s top-end commercial land is mainly in the hands of Hong Kong investors. What retains their interests?
October 12,2006
As new regulations on foreign acquisitions of Chinese companies arise, long term expansion strategies adjust to the more stringent measures. Financial investors see more opportunities.
September 26,2006
Taiping Life and China Sports Insurance (CSIB) jointly launched the first sport insurance for mountaineering and outdoor activities in China. The move followed a series of recently launched insurance products to cover risks in swimming, skiing and Taekwondo. Is the market for sport insurance becoming mature?
September 26,2006
Mid-tier developer in Hong Kong, Kowloon Development, has joined forces with mainland developer CITIC South China to win the tender for seven plots of land in Foshan city of Guangdong province, for 3.03 billion yuan (378.75 million US dollars), The Standard reported
September 26,2006
Hua An Fund Management has sold more than 60 million US dollars of China’s first overseas fund under the qualified domestic institutional investor program (QDII) through Industrial and Commercial Bank of China, as the first step toward China opening its capital account by allowing more funds to flow abroad, The Standard reported.
September 19,2006
China Reinsurance (Group) Company is planning listings on both the Hong Kong and Shanghai bourses next year after a capital injection from Central Huijin Investment Co. Ltd, Forbes reported, citing China Daily.
September 07,2006
CITIC said it plans to buy out CITIC fund management, as part of the efforts to increase competitiveness and business expansion, The Standard reported.
September 01,2006
Huafeng Textile International, a pioneer and leading fabric processor in the Province of Fujian City, PRC, announced today that it has secured 250 million HK dollars (31.25 million US dollars) in a round of funding, said the company in a statement.
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Established in 1979 with focus on finance, industrial production and other services, CITIC Group has grown to be a multinational corporation with 44 subsidiary banks in Hong Kong, North America and Australia. It has controlling shares in CITIC Securities, the largest publicly traded securities broker in the Mainland. It reported an 800 per cent jump in net profit in the first half of 2006. The Group also fully owns many Mainland industry giants include CITIC Bank, CITIC Construction and CITIC Resources Holdings. By the end of 2004, the Group has total assets stood at RMB 701.411 billion with an after-tax profit of RMB 1.782 billion.
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