Global Capital. Clear Intelligence.
BEING chief economist of the ministry of railways seems to be a livelier job in China than elsewhere. Instead of sitting behind a desk writing dry reports, you meet foreign bankers and investors and try to lure them into investing billions of dollars in your national rail network. Huang Min is the lucky man. Sitting … Read more
SHANGHAI, China — China is relaxing controls and rules on investing for companies seeking overseas financing in a move meant to boost development of private and high-tech companies, the country’s foreign exchange regulator said. The change in policy will enable mainland Chinese companies to set up offshore companies to raise funds and conduct mergers and … Read more
CHINA’S commodities bull story which has held everyone’s attention in recent years, is far from over. In the near future, the Asian giant’s growth could be even stronger than the scorching rate so far. Support for this extremely optimistic view is drawn from China’s Communist party endorsement of doubling the country’s GDP per capita by … Read more
COLORADO SPRINGS, COLO. – While serving on the executive board of the Asian Development Bank under the first President George Bush, I consistently called for China to “bite the bullet” and privatize its state-owned companies as soon as possible. Representatives from European and other Asian countries would just shake their heads and mutter about impatient … Read more
UBS has sufficient demand from clients to warrant further increases in the amount it is investing in China’s domestic stock and bond markets, Leon Brittan, vice-chairman of UBS Investment Bank, said yesterday. Such additional investment by the Swiss-based bank was mainly being held back by regulatory issues. “There is no shortage of demand [from clients],” … Read more
BEIJING, Feb. 23 — The mainland’s first exchange-traded fund, or ETF starts trading Wednesday on the Shanghai bourse. The move is aimed at helping to develop the nation’s fledgling stock markets. More than six billion units of Shanghai 50 ETF’s are being listed on the Shanghai Stock Exchange on Wednesday. The index ETF funds are … Read more
With a too-hot economy, China knows it has to change its fixed currency system. But all options are risky, hence Beijing’s foot-dragging “Soon,” “someday,” “drop dead” — such are the responses from Beijing officialdom when asked for the umpteenth time about when China will overhaul its fixed currency regime. One hopeful remark electrifies the currency … Read more
Venture capitalists across Silicon Valley are falling for China. Tom Shields, partner at the Woodside Fund, sticks a teach-yourself-Mandarin CD into his car player as he heads to his office in Redwood Shores. Down the Peninsula, Joseph Tzeng, partner at Crystal Ventures, packs for another trip to Beijing. He’s teaching himself to skip breakfast and … Read more