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3/30/2007
Jiangsu Chengde
To Sell Steel Stake
To Carlyle Group__Wall Street
Journal
Jiangsu Chengde Steel Tube Share Co. has signed an agreement with
Carlyle Group LP to sell its 49% stake in Yangzhou Chengde Steel Tube
Share Co., an employee at Jiangsu Chengde Steel said.
Citigroup Plans Bigger Push In International Operations__Wall Street
Journal
Citigroup
said it plans to roughly double its China branch network this year,
expanding its presence in a key growth market as it considers cutting
jobs elsewhere.
Cnooc Shareholder Vote Puts Spotlight on Risky Lending
Move__Wall Street
Journal
A
Cnooc shareholder vote lays bare a widespread practice that investor
advocates say is a little-understood risk of investing in China's
stocks: the loaning of money from a company that is publicly traded to
an affiliate that isn't.
Trade Barriers
Remain in China,
U.S. Official Says__Wall Street
Journal
American businesses are having a hard time operating in China because
of trade barriers that remain despite efforts by Beijing to keep World
Trade Organization commitments, a U.S. trade official said.
Karachi
and Shanghai exchanges agree links __Financial
Times
The
Karachi stock exchange will sign a memorandum of understanding for
technical co-operation with the Shanghai stock exchange, according to a
senior KSE official.
3/29/2007
Citic Bank IPO Approved__Wall Street
Journal
China Citic
Bank has received Hong Kong approval to raise $4 billion to $5 billion
in its IPO ahead of a dual listing.
China and Russia
Sign Deal To Boost
Bilateral Trade__Wall Street
Journal
China and Russia signed a $4.3 billion deal to boost bilateral trade,
China's Ministry of Commerce said yesterday.
Chinese Puzzle:Is Loan Valid, Or Shell Game?__Wall Street
Journal
Cnooc's
independent shareholders will vote on whether to let the company sock
away cash with a unit of its state-owned parent. The vote lays bare a
widespread practice that investor advocates say is a little-understood
risk of investing in China's stocks.
China
forms body to push service sector __Financial
Times
China
announced the creation of a “leading group” of top officials charged
with reducing the country’s reliance on industry by promoting faster
development of the service sector.
US
official warns China to open markets __Financial
Times
China
could pay a political price in Washington for not doing more to open
its markets in sectors ranging from aviation to financial services, a
senior US official said on Thursday.
Citigroup
to double outlets in China __Financial
Times
Citigroup,
the world’s largest bank by market capitalisation, plans to double its
China outlets to more than 30 by the end of this year, chairman and
chief executive Chuck Prince said in Beijing.
Global
lender banks on expansion __Financial
Times
Approval for a China subsidiary will fuel Standard Chartered’s
ambitions as the UK-listed bank readies itself for a major push into
the market.
3/27/2007
To Play China, They Skip the Exchange__Wall Street
Journal
Some
hedge funds, searching for smart investments in China, increasingly are
opting for privately negotiated deals rather than buying shares on the
open market.
China to Launch
Trading in Bonds
Not Yet Issued __Wall Street
Journal
China's Ministry of Finance plans to further develop the country's
bond-pricing mechanism with the launch of trading in when-issued bonds
in the third quarter.
Democracy in Hong Kong__Wall Street
Journal
A vote for
freedom, despite Beijing's rigged ballot.
Retailers
shift supply chain tasks to China __Financial
Times
Retailers
and consumer goods companies in the developed world are increasingly
shifting logistics operations from their home countries to China.
China
bolstered by A-share reports __Financial
Times
Chinese
stocks extended their record-breaking run yesterday after reports that
the government was thinking of increasing the amount foreigners can
invest in local-currency securities.
China
leads way on cargo shipped overseas __Financial
Times
East Asian goods are increasingly sorted, wrapped and priced before
they leave for export to western countries.

3/26/2007
Intel Aims to Build Bigger
Profile in China__Wall Street
Journal
Intel
plans to build a $2.5 billion chip-fabrication plant in China, betting
that a bigger profile in the fast-growing market is worth the risk.
Shanghai to Be Led by Rising Star With a Pro-Market
Reputation__Wall Street
Journal
China
appointed a pro-market rising star as Communist Party secretary of
Shanghai, to help stabilize the city after a corruption scandal.
Citigroup Case Tests Australia Law__Wall Street
Journal
Australia will
begin a legal showdown today with Citigroup that may test
conflict-of-interest laws.
To Play China, They Skip the Exchange__Wall Street
Journal
Some
hedge funds, searching for smart investments in China, increasingly are
opting for privately negotiated deals rather than buying shares on the
open market.
Deutsche aims to incorporate China offshoot__Financial
Times
Deutsche
Bank, Germany's biggest bank, is to take advantage of Chinese
liberalisation that will allow foreign commercial banks to expand
product offerings and branch networks on the mainland.
Tsang
wins second HK term __Financial
Times
Donald
Tsang, Hong Kong’s incumbent chief executive, easily won a second term
after securing more than 80 per cent of votes cast by a rubber-stamp
“election committee”.
3/23/2007
Soon Made in China:
High-Tech Products__Wall Street
Journal
Intel's
plans to build a $2.5 billion integrated-circuit plant in China
highlight the speed at which the country is moving into high-tech
manufacturing.
Offering Riches in China__Wall Street
Journal
A bonanza of
IPOs in China this year may yield rewards for the joint ventures of
foreign brokerage firms.
China Bond Revamp Stalls__Wall Street
Journal
Two months after Premier Wen Jiabao vowed China would "vigorously"
develop its corporate bond market, there is little sign of progress in
dismantling the regulatory barriers that have long hindered attempts by
companies to use the market to raise essential funds.
Blackstone Aims To Keep Control As Public
Entity__Wall Street
Journal
Blackstone
filed for an IPO to raise about $4 billion. The private-equity firm
disclosed it made over $6 billion in profit in the past five years and
built a $79 billion portfolio.
Bank of China Net Rises 65%__Wall Street
Journal
Bank of China Ltd. reported a higher-than-expected 65% rise in 2006 net
profit amid a reduced tax expense and strong lending growth.
China
biggest source of exports to EU __Financial
Times
China
displaced the US as the largest source of European Union imports last
year, official figures showed, raising fears about the continent’s
industrial competitiveness.
3/22/2007
China Scours Asia for Coal__Wall Street
Journal
China's
state-owned coal companies are scouring Asia for coal reserves as the
need to feed a national economy expanding in the double digits each
year pushes the country's mining system to its limits.
ProLogis's China Growth Gives REIT a Leg Up on Its U.S.
Rivals__Wall Street
Journal
As
the shine wears off U.S.-listed REITs as they look expensive given the
uncertain outlook for the American economy and property, one is
retaining fans in part because of growing income from a country with an
economy that remains hot: China.
China Index Hits Record,
Leads Gains in Region__Wall Street
Journal
Chinese stocks rose to a record, recovering from their late February
swoon that sparked a selloff in global financial markets.
Nikko
AM makes foray in China__Financial
Times
Nikko
Asset Management has become the first Japanese fund house to expand
into the $110bn Chinese mutual fund market by acquiring a 20 per cent
stake in Rongtong Fund Management, a mid-sized local firm.
SEC
eases foreign groups’ exit from US__Financial
Times
The
US removed one of the most frustrating regulatory burdens afflicting
foreign companies with US listings by making it easier for them to
escape compliance with the Sarbanes-Oxley law.
3/21/2007
Beijing Clears the Path A
Bit for Foreign Banks__Wall Street
Journal
Four foreign
banks received a key approval from Chinese authorities to establish
their own locally incorporated units.
In Chinese Province, Bling From Bribes Goes Up for Bid__Wall Street
Journal
Auctions
involving corrupt officials' goods are becoming increasingly common as
China's Communist Party, in the midst of a corruption crackdown, deals
with an awkward problem: what to do with so much ill-gotten stuff.
China Cellphone Buildout Leans on Local Standard__Wall Street
Journal
China
has been pushing ahead with a multibillion-dollar program to build a
mobile-phone network based on TD-SCDMA, its homegrown standard.
Bank of China
Is Researching
Overseas Deals__Wall Street
Journal
Bank of China Ltd. said it is looking into further overseas
acquisitions after spending nearly $1 billion on an aircraft-leasing
company last year.
FedEx Raises Stakes in China Markets__Wall Street
Journal
FedEx
Express announced that it would offer overnight domestic express
service to 19 cities in China beginning May 28. The FedEx subsidiary
will also provide day-definite deliveries to more than 200 Chinese
cities.
RBS
and Bank of China launch high-end business__Financial
Times
Royal Bank of Scotland and Bank of China, the country’s second-biggest
lender, has launched a private banking business targeting rich Chinese
with more than $1m to invest.
China
postal bank opens for business__Financial
Times
China’s
revamped postal savings system opened for business as the country’s
fifth biggest bank, pledging to improve its reach in rural areas where
financial services and capital are scarce.
3/20/2007
China Bets on Rails to Spur Wealth __Wall Street
Journal
China,
worried about the wide income gap between its highly developed coastal
areas and its lagging interior, is looking to railways to help spread
the wealth.
For India and China, Credit Poses a Challenge __Wall Street
Journal
As
Asia's big developing nations build American-style consumer-based
economies, they seek to rev up consumer spending by promoting mortgages
and other loans while sidestepping the potential pitfalls of consumer
credit.
Shanghai Shares Surge, Despite Rate Rise __Wall Street
Journal
Investors
in China shook off the country's first rate increase of the year,
pushing Shanghai's index above 3000 for only the second time and near
the record high that last month prompted a global market rout.
Drilling Kids in Chinese __Wall Street
Journal
Some
CEOs are urging their children to take Mandarin as a way to get an edge
in a global economy increasingly dominated by China. But for these
would-be Mandarin prodigies, it can be a tough sell.
Bear
Stearns and Gome form retail fund__Financial
Times
Bear
Stearns has joined forces with Huang Guangyu, the founder of the
Chinese electronics retailer Gome, to set up a $500m fund to invest in
new retail businesses in the country.
Lawsuits
fail to dent pirated DVD sales in China__Financial
Times
When
foreigners move to Shanghai, they receive tips on the popular places to
buy things – Carrefour for food, Ikea for furniture and Ka de Club for
fake DVDs.
FedEx
offers next-day deliveries in China__Financial
Times
FedEx is to launch guaranteed next-day deliveries within China for the
first time in May, highlighting the increasing sophistication of
transportation and logistics services in the country.

3/19/2007
China's Rate Boost Shows
Economy's Vigor __Wall Street
Journal
China
raised interest rates, aiming to temper investment and steady the
financial system, in a move that shows how vigorous growth there
remains, even as clouds loom over the economies of its trading partners.
Carlyle to Buy Less of Chinese Firm
__Wall Street
Journal
Carlyle
is again reducing the stake it is buying in a Chinese
construction-machinery maker, amid growing criticism there of
acquisitions by foreign firms.
China Says Its Moves Won't Rattle Markets
__Wall Street
Journal
China's
Wen sought to ease concerns over government efforts to resolve
structural problems in the country's economy, overhaul stock markets,
and diversify its foreign investments during his annual press
conference.
China Widens Futures Rules' Scope
__Wall Street
Journal
hina has expanded the scope of rules governing futures contracts to
make them applicable to financial futures and options, a move that
paves the way for introducing the long-awaited stock-index futures and
other financial derivatives, state media reported over the weekend.
Warning
to foreign banks in China__Financial
Times
Intense
competition in China could prevent foreign banks from profiting from
their investments in credit card and mortgage ventures for another 10
years, according to a KPMG report.
China
Everbright Bank to expand retail business__Financial
Times
China
Everbright Bank, a mid-sized mainland lender, is planning a shift in
strategy to significantly expand its retail banking business.
US
agrees to China joining IADB__Financial
Times
The
US has withdrawn its opposition to China joining the Inter-American
Development Bank, allowing formal talks over its membership of the
region’s biggest development institution to begin.
Singapore
feels China's pulling power__Financial
Times
Multinational
technology companies are increasingly moving their Asia-Pacific
headquarters from Singapore to Shanghai in a reflection of the pulling
power of the China market.

3/16/2007
Seeds of Democracy in Hong Kong __Wall Street
Journal
Alan
Leong's campaign for the leadership of Hong Kong is shaking up the
political order by contesting the process of choosing the city's top
leader.
China Citic Bank Sets IPO Goal __Wall Street
Journal
China Citic
Bank aims to raise about $2.5 billion in an IPO ahead of listings in
Hong Kong and Shanghai in April.
China Auto Makers to Sell Shares In Bid to
Capitalize on Car Boom __Wall Street
Journal
China's
auto industry is poised to start flooding equity markets in Shanghai
and in Hong Kong with new shares. The country's unprecedented car boom
is driving the trend.
China Resources to Sell
Noncore Unit __Wall Street
Journal
China
Resources Enterprise Ltd. said it will sell its
petroleum-distribution business in Hong Kong to China Petroleum & Chemical
Corp., or Sinopec, for HK$4 billion, or about US$512 million.
China Reports
Strong Growth
In Factory Output __Wall Street
Journal
China posted strong industrial-output growth in the first two months of
the year, adding to recent data signaling that further tightening
measures may be needed to cool the economy.
Shanghai
commands premium over Hong Kong__Financial
Times
Shanghai
looks set to overtake Hong Kong for equity issuance this year as
mainland investors are prepared to pay a premium for for dual listed
companies.
China
to quadruple agri-biotech spending__Financial
Times
The
Chinese government is expected to more than quadruple its spending on
biotechnology by 2010 as part of its strategy to improve national food
security.
China’s
Wen says forex move won’t harm dollar__Financial
Times
Wen
Jiabao, China’s premier, sought to reassure global currency markets by
saying the new agency being established to invest part of the country’s
foreign exchange reserves would not harm the US dollar.

3/15/2007
Beijing Chases Shanghai As a
Banking Hub __Wall Street
Journal
Beijing is
encouraging foreign banks to base themselves there as it competes with
Shanghai to become China's financial center.
Yahoo Is Cleared in Case Of Chinese Journalist __Wall Street
Journal
Hong
Kong authorities cleared Yahoo's local unit of any liability for
sharing a mainland journalist's email account with China's State
Security Bureau.
Broadway Hits China's Big Stage __Wall Street
Journal
A new joint
venture plans to market tours of Broadway shows throughout China, and
will also help design theaters.
Citigroup Sets China Growth __Wall Street
Journal
Citigroup
Inc. said it plans to boost its staff in China by 25% this year and
open new outlets in the country. It also hopes to increase its stake in
Shanghai Pudong Development Bank Co.
Beijing
sets deadline for banks on Basel II__Financial
Times
Beijing
has for first time set a deadline for its implementation of the Basle
II accord on banking regulation, amid growing pressure on Chinese
lenders to toughen up their risk management systems.
Citic
steps up search for oil and gas supply__Financial
Times
Citic
Group, Beijing’s investment vehicle, is adopting an aggressive
acquisition strategy to secure oil and gas deposits needed to meet
China’s energy needs.
Jiangsu
sets the pace on how to assess officials__Financial
Times
Jiangsu is one of the first Chinese provinces to rank officials with a
new system using 25 benchmarks to assess education, medical, energy and
environmental standards, on top of economic measures.
China’s
industrial output surges 18.5%__Financial
Times
China’s
industrial production growth surged at the start of the year,
reinforcing expectations that Beijing will soon tighten policy afresh
to prevent the world’s fourth-largest economy from overheating.
3/14/2007
China Clears Intel Chip
Plant, Marking a Potential Milestone __Wall Street
Journal
China
approved plans by Intel to build an advanced chip plant, a project that
would mark a major step for China's effort to attract high-tech
investments.
China Inflation Picks U __Wall Street
Journal
The pace of inflation in China picked up in February, figures issued
yesterday show, and economists said it could gather steam later in the
year as the economy continues to power ahead.
Hua Xia Bank Profit Grows 14% __Wall Street
Journal
Hua Xia Bank
posted 14% growth in its 2006 net profit on strong loan growth.
Property Owners Feel Right at Home in China __Wall Street
Journal
Chinese
lawmakers are expected to pass a landmark property law that will
finally put on paper what has already been true in fact: China is a
land of private property, with some of the highest rates of
homeownership in the world.
China's Inland Frontier Beckons __Wall Street
Journal
The modernization and continued growth of huge but lesser known urban
centers in China's interior presents the latest challenge for foreign
companies doing business here: laying the groundwork on a potentially
rich frontier, beyond the coastal cities where markets are becoming
saturated.
China
blazes a trail to tame its west__Financial
Times
Foreign investors with deep pockets are the most sought-after factor to
help the country’s most underdeveloped regions.
Swiss
insurer covers new ground __Financial
Times
Zurich Financial Services is targeting Chinese companies expanding
overseas who are requiring increased risk protection.
Nokia
China hit with discrimination suit__Financial
Times
A
Chinese job applicant filed a lawsuit against Nokia alleging that a
local unit of the Finnish telecommunications equipment company refused
to employ him because he is a carrier of the Hepatitis B virus.

3/13/2007
China Asks for Patience as
Its Trade Surplus Widens __Wall Street
Journal
Chinese officials said policies to reduce their nation's enormous trade
surplus need time to show results, as new figures showed the gap
continuing to widen in the first two months of 2007.
Hong Kong IPOs Cool Off __Wall Street
Journal
Mainland China
IPOs will raise more money than IPOs in Hong Kong this year, according
to the CEO of HKEx.
Beijing Is Upbeat
On GDP Outlook,
Central Bank Says __Wall Street
Journal
The outlook for China's economy is "very good," the deputy governor of
the People's Bank of China said.
More Chinese Graduates Return Home __Wall Street
Journal
While
many Chinese students at U.S. business schools still covet a visa that
will allow them to work in America, career-service directors say a
growing number are much more willing to return to their homeland after
graduation.
Chinese Call for Fewer Executions __Wall Street
Journal
China, the world's leading executioner of prisoners, should reduce the
number of death sentences it carries out but can't abolish capital
punishment altogether, the country's top legal bodies said.
Carlyle
rethinks terms of Xugong deal__Financial
Times
Carlyle,
the US private equity firm, is in talks to take a minority stake in a
Chinese construction maker following another setback in its 18-month
attempt to secure regulatory approval for a deal.
Orient
Overseas looks to spend __Financial
Times
Orient Overseas
International will hire advisers to examine options for
spending its large cash pile, according to the Hong Kong company’s
chief financial officer.
3/12/2007
Business Leaders, Washington Aim to Fix Wall Street's
Ailment__Wall Street
Journal
Financial
luminaries descend on Washington next week aiming to save the U.S.
financial markets from losing their edge to foreign capitals such as
London and Hong Kong.
China to Alter Handling
Of Its Foreign Reserves__Wall Street
Journal
China's finance minister confirmed the outlines of a government plan to
overhaul management of its $1.07 trillion in foreign-exchange reserves,
in a sign that the world's largest investor is developing the
confidence to take greater risks with its money.
U.S. Attracts More IPOs From China __Wall Street
Journal
Chinese
companies that go public in the U.S. generally get a warm reception --
and that should ensure the numbers continue to rise.
China
blames WTO blockage on US and EU__Financial
Times
The
failure of the US and Europe to make concessions on farm tariffs and
subsidies is the biggest obstacle holding up the Doha trade round, Bo
Xilai, China’s commerce minister said.
Trade
talks progress via incremental approach__Financial
Times
The
so-called "Doha round" of trade talks, insist the favoured few actually
involved in negotiations, is at last making some progress.
3/9/2007
China Magazine Is Pulled As Property Law
Looms__Wall Street
Journal
Chinese
lawmakers introduced a law to protect private property and one to end
blanket tax breaks for foreigners. In a possible sign of the property
legislation's sensitivity, an influential magazine that covered it was
pulled.
Beijing
to Weigh Arbitrage Trading For A, H Shares__Wall Street
Journal
China's
foreign-exchange regulator said authorities would consider the Hong
Kong government's recent proposal to set up a mechanism for arbitrage
trading in Class A and Class H shares.
Bank
of Communications Posts 33% Rise in Profit, Targets IPO Before July__Wall Street
Journal
Bank of
Communications said its net profit rose 33% last year, driven by the
Chinese bank's increased lending.
China's
Markets Hold It Back, Paulson Says__Wall Street
Journal
Paulson
said China's stunted capital markets are holding back the country's
economic development and undermining financial stability, during a
speech to business leaders in Shanghai.
China
Official Sees Room To Lift Bank Reserve Ratio__Wall Street
Journal
China's
central-bank vice governor said there is room to raise banks' reserve
requirement.
China
confirms agency for forex reserves__Financial
Times
China
will establish a body to manage a portion of its $1,000bn-plus foreign
reserves, said Jin Renqing, the finance minister, in the first
top-level confirmation of plans for a new state investment agency.
3/8/2007
Sunny CEO, Gloomy CFO A
Smart Mix__Wall Street
Journal
Two surveys
show why sunny CEOs and gloomy CFOs make potent pairings when it comes
to running a business.
China Tries Longer-Term
Response to Stock Volatility __Wall Street
Journal
Share prices in China have bounced back from last week's big drop. But
the roller-coaster ride raises a bigger question: whether Beijing can
tame the boom-bust cycle that has defined China's financial markets
since their inception.
China Fuels Coal Prices As
Imports Pass Exports__Wall Street
Journal
China's
emergence as a net coal importer is shaking up the Asian market,
potentially lighting a fire under regional coal prices and intensifying
competition with consumers like Japan over long-term supply contracts.
China Is Expected
To Approve Rise
In Bond Quota__Wall Street
Journal
China's cabinet is expected to soon approve a significant increase in
the corporate bond issuance quota for 2007, while bond underwriters
have been urged to use a new interbank benchmark, as the government
seeks to accelerate development of its domestic capital market.
Fortunes of Hong Kong's Stock Market Could Fall__Wall Street
Journal
The
flood of IPOs of Chinese companies on Hong Kong's stock market could
start to slow as Beijing steers firms toward China's mainland capital
markets. That's bad news for Hong Kong Exchanges & Clearing.
Paulson
urges Beijing to speed up reform__Financial
Times
Hank
Paulson, US Treasury secretary, outlined a new approach to economic and
trade relations with China in a speech calling on authorities in
Beijing to deepen reforms of financial markets and let in more foreign
investors and investment banks.
Farmers
are last to benefit from China’s property reform__Financial
Times
New
Chinese laws are meant to reform property rights and give more power to
private property owners, a group that has grown throughout China.
Bankers
eager as China slakes thirst for IPOs__Financial
Times
When
a group of Chinese investors set up CISG, a Guangdong-based insurance
broking firm, they could only have dreamed of listing on the US stock
market. Nine years on and millions of customers later, CISG is nearing
that reality.
China
leads US in car production__Financial
Times
China
overtook the US in passenger car output for the first time last year,
adding to the growing list of consumer goods for which it has become
the world’s biggest supplier, according to figures published by Bank of
America.
3/7/2007
SEC Ponders Global Accounting Rules__Wall Street
Journal
Non-U.S. companies that list in U.S. markets may be able to toss aside
U.S. generally accepted accounting principles for international
financial reporting standards under a plan being mulled by the
Securities and Exchange Commission.
Global Health, China's Pride On Line in Malaria Clash__Wall Street
Journal
A
dispute between the Chinese maker of a malaria drug and the World
Health Organization touches on money, national pride and medical
conundrums about how to treat infectious diseases.
Beijing Appoints Official
To State Council Position__Wall Street
Journal
China confirmed the appointment of a senior Finance Ministry official
as deputy secretary-general of the State Council yesterday, to lead
preparations for a new agency that will more actively manage the
country's foreign-exchange reserves.
Beijing
fears virtual money’s influence__Financial
Times
China has issued restrictions on the use of “virtual money” from
internet games, warning such currencies could threaten real-world
financial stability.
Banker
with a well-heeled foot in two camps__Financial
Times
The melding of interests between the Communist party and business
carries no contradictions for Ma Weihua, who is used to hybrid
structures as president of China Merchants Bank.
Music
industry group to sue Yahoo China__Financial
Times
Some of the biggest names in the global recording industry have
launched a lawsuit against the Chinese affiliate of Yahoo, the leading
US internet portal, over alleged music piracy.
3/5/2007
As Asian Markets Reel,
Shanghai Still Surprises__Wall Street
Journal
The
Shanghai Composite rebounded 3.9%, helped by supportive comments from
government officials and suggestions that Tuesday's selloff indicated
little about the underlying health of China's economy. Other Asian
markets continued to skid, with Tokyo stocks ending down 2.9%.
Major Indexes End Mostly Lower,
But Hong Kong and Shanghai Rise__Wall Street
Journal
Asian-Pacific markets ended mostly lower, with Japan's Nikkei shedding
more than 1%, as shares extended their losses after a week of declines,
but Hong Kong and Shanghai bucked the trend as investors hunted for
bargains.
China
Aims to Cut Energy Use__Wall Street
Journal
China's legislature will discuss a raft of measures to clean up the
environment and increase energy efficiency amid doubts about the
government's commitment to rein in the country's spiraling energy use.
Beijing
moves to end foreign favours__Financial
Times
With
the passage through the Chinese parliament in the coming days of an
innocuous-sounding bill on corporate tax, Beijing will be drawing a
symbolic close to nearly three decades of policies favouring foreign
investment.
Doubts
raised over China IPO values__Financial
Times
Two
successful initial public offerings in mainland China in defiance of
last week’s market turbulence underlined the huge demand for new
listings but also raised questions about whether the country’s IPOs are
being valued correctly.
3/2/2007
China's Reckoning Day On
Stock Sales Appears Near__Wall Street
Journal
More
sellers than buyers in China's stock market earlier this week caused
shares to fall world-wide. And as China begins to open up its economy,
there could be even more sellers in the months to come.
China Builds Commerce Codes__Wall Street
Journal
China's
leadership is stepping up its efforts to build a legal system that can
handle the demands of a complex, market-driven economy, as managing the
fast-growing nation becomes increasingly challenging.
Private Equity Needs to Open Up As Number,
Size of Deals Swell__Wall Street
Journal
The
private-equity industry has to become less private now that it is
involved in bigger companies and so many more deals. The public should
know how the industry makes money.
China to pass first private property law__Financial
Times
The
Chinese parliament is expected to pass China’s first law to protect
property rights after a contentious, year-long debate marked by
traditional ideological divisions about the role of the private economy
under communist rule.
Chinese
investors refuse to be cowed__Financial
Times
Chinese
investors have faced a week of nerve-racking volatility that included
both Tuesday’s biggest one-day drop in the country’s benchmark index
and a resulting surge of heart attack patients at Shanghai hospitals.
China
turns off two US channels__Financial
Times
A
joint venture between News Corp and Disney has had two of its sports
channels cut from China’s list of foreign broadcasters that may be
distributed to hotels and upscale housing compounds.
3/1/2007
China Pushes Openness__Wall Street
Journal
A regulation mandating greater transparency in China's government is
moving forward in Beijing, but its contents are a secret.
As Market Fell, Some Big Names Won Their Bets__Wall Street
Journal
Big winners
from Tuesday's market drop included hedge-fund manager John Meriwether
and a Deutsche Bank executive.
As Asian Markets Reel, Shanghai Still Surprises__Wall Street
Journal
The
Shanghai Composite rebounded 3.9%, helped by supportive comments from
government officials and suggestions that Tuesday's selloff indicated
little about the underlying health of China's economy. Other Asian
markets continued to skid, with Tokyo stocks ending down 2.9%.
Hedge Funds Expect to Remain In China Shares, Ride Out
Storm__Wall Street
Journal
Hedge
funds have a few good reasons to stick around China, where they and
their private-equity cousins have been aggressively hunting for
opportunities.
Chinese
play down Chrysler speculation__Financial
Times
In
2005, two Chinese companies fought hardest to buy the assets of Rover,
the struggling British carmaker. Now that Chrysler, the smallest of
America’s Big Three producers, is potentially up for sale, will the
Chinese go shopping again?
China
‘ceasefire’ over fixed lines__Financial
Times
China’s
two fixed-line telephone operators, China Telecom and China Netcom,
have sealed a deal intended to limit competition and leave each in
control of its core markets.
China’s
Focus Media buys Allyes for $300m__Financial
Times
Focus
Media Holding, the leading Chinese operator of flat-panel display-based
advertising, has announced it would buy Allyes Information Technology,
an internet advertising agency, for up to $300m.
Ping
An shares soar on Shanghai debut__Financial
Times
Ping
An Insurance defied another sharp fall in the mainland stockmarket to
record a 38 per cent rise in its share price on the first day of
trading on the Shanghai exchange.
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