Citic @ The China Perspective

ICBC secures green light for dual listing

July 19,2006

By AMY CHEUNG

Industrial and Commercial Bank of China (ICBC), the nation's largest lender, received approval from China Banking Regulatory Commission for a public share sale, paving the way for the lender to be the first company to sell shares simultaneously in Hong Kong and Shanghai, Bloomberg reported.

China plans to halve number of securities brokers

July 19,2006

By AMY CHEUNG

China could halve the number of securities brokers by the end of the year, leaving only about 50 firms qualified to tradde, te China Daily reported.

Transformation of China export structure

July 18,2006

By AMY CHEUNG

China’s export structure has undergone rapid changes from over-reliance on cheap products to high-tech products that can make much more profit, FTChinese.com reported.

CITIC Securities H1 net up 50%

July 17,2006

By AMY CHEUNG

CITIC Securities Co. Ltd. on Tuesday estimated its net profit in the first half of this year had a year-on-year growth of more than 50%, Reuters reported.

US listed Chinese companies face challenges

July 16,2006

By AMY CHEUNG

Chinese enterprises listed in US now face great challenges as Sarbanes-Oxley Act started to be in force on July 15, Beijing Business Journal reported.

IFC plans aggressive investment in China securities sector

July 16,2006

By AMY CHEUNG

International Finance Corp (IFC), the World Bank's investment arm, plans to invest in China's securities industry as aggressively as it has in the banking industry, where it has spent almost US$600 million in seven years, XFN Asia reported, citing the South China Morning Post.

Motorola consolidates DVX alliance with CITIC

July 16,2006

By AMY CHEUNG

Motorola, the US-based telecommunications equipment giant, has increased its stake in DVN Holdings to 18.53% from 14.82%, The Stanadrd reported, The move is aimed at strengthening Motorola’s alliance with the CITIC Group and reinforcing their dominant position in China’s digital broadcasting market.

Coal Profits to Slide 26%

January 17,2006

By STAFF EDITOR

Improvements to rail transport have eliminated supply bottlenecks, meaning that mining companies are now able to increase production more rapidly than demand is growing....

Whither the Housing Bubble in 2006?

December 29,2005

By STAFF EDITOR

As the year draws to a close, both developers and homebuyers are speculating on how housing prices will behave in 2006. The Hong Kong Commercial Daily reports that developers have been predicting a continued rise in prices, but finds it unlikely that the government will allow any significant increase to occur.

In 2006: Retail Up, Coal Down

December 29,2005

By STAFF EDITOR

Investment predictions for 2006: promising (real estate, retail), middling (cement, banking), and flat (steel, coal).

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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.

Today’s Daily Briefs E-Mail

	ICBC secures green light for dual listing July 19,2006 By AMY CHEUNG Industrial and Commercial Bank of China (ICBC), the nation's largest lender, received approval from China Banking Regulatory Commission for a public share sale, paving the way for the lender to be the first company to sell shares simultaneously in Hong Kong and Shanghai, Bloomberg reported. China plans to halve number of securities brokers July 19,2006 By AMY CHEUNG China could halve the number of securities brokers by the end of the year, leaving only about 50 firms qualified to tradde, te China Daily reported. Transformation of China export structure July 18,2006 By AMY CHEUNG China’s export structure has undergone rapid changes from over-reliance on cheap products to high-tech products that can make much more profit, FTChinese.com reported. CITIC Securities H1 net up 50% July 17,2006 By AMY CHEUNG CITIC Securities Co. Ltd. on Tuesday estimated its net profit in the first half of this year had a year-on-year growth of more than 50%, Reuters reported. US listed Chinese companies face challenges July 16,2006 By AMY CHEUNG Chinese enterprises listed in US now face great challenges as Sarbanes-Oxley Act started to be in force on July 15, Beijing Business Journal reported. IFC plans aggressive investment in China securities sector July 16,2006 By AMY CHEUNG International Finance Corp (IFC), the World Bank's investment arm, plans to invest in China's securities industry as aggressively as it has in the banking industry, where it has spent almost US$600 million in seven years, XFN Asia reported, citing the South China Morning Post. Motorola consolidates DVX alliance with CITIC July 16,2006 By AMY CHEUNG Motorola, the US-based telecommunications equipment giant, has increased its stake in DVN Holdings to 18.53% from 14.82%, The Stanadrd reported, The move is aimed at strengthening Motorola’s alliance with the CITIC Group and reinforcing their dominant position in China’s digital broadcasting market. Coal Profits to Slide 26% January 17,2006 By STAFF EDITOR Improvements to rail transport have eliminated supply bottlenecks, meaning that mining companies are now able to increase production more rapidly than demand is growing.... Whither the Housing Bubble in 2006? December 29,2005 By STAFF EDITOR As the year draws to a close, both developers and homebuyers are speculating on how housing prices will behave in 2006. The Hong Kong Commercial Daily reports that developers have been predicting a continued rise in prices, but finds it unlikely that the government will allow any significant increase to occur. In 2006: Retail Up, Coal Down December 29,2005 By STAFF EDITOR Investment predictions for 2006: promising (real estate, retail), middling (cement, banking), and flat (steel, coal). Prev 4 5 6 7 8 9	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. Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR Clean tech fund unveils Shanghai eco project Online love headhunter eyes IPO ZTE produces 100 millionth mobile handset Alibaba and Home Inns team up to bring SMEs online Teamsum rewards excelling HK branch with cash injection Chongqing Chang’an, Jiangling Motors reveal financials Cement investment skyrockets, demand set to slow Good times over for steel industry over: Baosteel boss Huge molybdenum mine unearthed in Hainan province China’s animation industry triples value Go to Complete List >

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