2014-03-31
Hong Kong Stands To Benefit From China's SOE Reform
The author is ANZ greater China chief economist Liu Li-Gang Last week, CITIC Pacific, a red-chip listed company in Hong Kong, announced to acquire the main operating unit of its China-based parent, CITIC Limited. The parent unit has shareholder equity of RMB225 billion ($36 billion), and CITIC Pacific will pay for the purchase in cash […]
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