Rapid industrialisation displaces homes in villages and cities
2014-05-30
The Cheung Kong Group, run by Asia' richest man Li Ka-shing, has agreed to a takeover of Australian natural gas distribution company Envestra Ltd. (ENV) in an all cash deal that values Envestra at US$2.2 billion, according to an announcement by ENV. Cheung Kong, which already owns 17.46% of ENV, is to offer A$1.32 per […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2014-05-30
Almost three months into the crisis in Ukraine, the country has elected a new president. But Russian President Vladimir Putin remains a key figure shaping Ukraine’s future – and he is propelling Ukraine toward something far more dangerous than a new Cold War.
2014-05-30
London-headquartered middle-market private equity firm 3i Group plc says it has sold its portfolio company Hilite International, a global supplier of highly engineered automotive engine and transmission components, to Chinese state-owned aerospace and industrial company Aviation Industry Corporation of China (AVIC), according to an announcement made by 3i. The US$18.5 billion-under-management 3i Group will receive […]
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2014-05-30
The author is ANZ greater China chief economist Liu Li-Gang The Bank of Korea (BOK) and the People’s Bank of China (PBoC) utilized their bilateral currency swap agreement on 30 May 2014. A Chinese commercial bank borrowed from the PBoC with a loan size of KRW400 million, roughly RMB2.5 million at the current spot, and […]
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2014-05-30
The dim sum bond market will grow significantly over the medium- to long-term as global investors increasingly accept the RMB as a major global asset and trading currency, Fitch Ratings forecasts in a report. A record US$10.8 billion dim sum bonds were issued in the first quarter this year, more than double the US$4.2 billion […]
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2014-05-30
Dutch pension fund asset manager APG Asset Management N.V. (listen and watch APG's former head of non-listed real estate Asia Daan van Aert on China Money Podcast in March 2013) says it has agreed to invest up to US$650 million for an approximately 20% stake in Chinese warehousing developer and operator e-Shang, according to an […]
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2014-05-30
ShFE vice general manager confirmed the bourse expects to launch a futures contract on a base metals index
2014-05-30
China's official purchasing managers index (PMI) and industry production growth could improve, new loans and total social financing will likely moderate in the month of May, according to forecasts made by BofA Merrill Lynch Global Research. The bank expects the official manufacturing PMI could improve to 50.6 in May from 50.4 in April, as Beijing's […]
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2014-05-30
Chinese Internet giant Tencent Holdings Ltd. has spent at least over US$3.5 billion on eight major deals since last September, buying up stakes in gaming companies, logistics, mapping and e-commerce platforms. Its central theme: to leverage and monetize its fast-growing mobile messaging app WeChat, which has 355 million monthly active users as of March 2014. […]
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