Investment

PetroChina takes stake in Canadian LNG project

PetroChina (PTR.NYSE, 601852.SH, 0857.HKG) announced plans to join Mitsubishi Corp (8058.TYO), Korea Gas Corp and Royal Dutch Shell (RDS.B.NYSE, RDSA.LSE, RD

Mongolia law pending to block Chalco transaction

Mongolia is set to pass a law by June that would prevent foreign state-owned firms from owning certain domestic assets, following an outcry over a bid by Alu

ANZ to invest $300m in China, triple branch networks

Australia & New Zealand Banking Group (ANZ.ASX) plans to invest US$300 million in its China unit and more than triple its bank branch network in China in

China increases US debt holdings for second month

China increased its holdings of US Treasuries by 1.3% to US$1.17 trillion in March, remaining the largest foreign creditor to the US,

News Corp buys 20% stake in China's Bona Film

News Corp (NWSA.NASDAQ), the owner of 20th Century Fox film studio, plans to acquire a 19.9% stake in Chinese film distributor Bona Film Group (BONA.NASDAQ)

South Korea state pension fund to apply for more China investment

South Korea's National Pension Service will use up its US$100 million quota to invest in China and intends to seek further permission to buy into Chinese sec

Bo replacement looks to maintain investment into Chongqing

Zhang Dejiang, the new party secretary of Chongqing, is drumming up foreign investment to the city after the fall of its disgraced former leader Bo Xilai, th

China loosens rules on QFII investment allocation

China's chief securities regulator has eased restrictions on the amount foreign investors can invest in securities other than stocks under the Qualified Fore

HK ruling may hold banks responsible for IPO lies

Proposed rules for Hong Kong's IPO market could hold banks responsible if the companies they sponsor lie to investors,

US regulator nearing deal to observe Chinese audits

The US auditing authority announced that it is nearing a deal to observe Chinese audit inspections of US-listed Chinese companies,

China rules against foreign RMB funds

Chinese regulators have ruled that yuan-denominated private equity funds can only be treated as local if all their capital is sourced within China,

Regulators allow larger foreign stakes in Chinese brokerages

China on Friday agreed to let foreign companies own bigger stakes in Chinese securities firms, a result of high-level talks between US and Chinese trade offi

Two new IPOs announced as Chinese markets rebound

Huaibei Mining and Golden Dragon Precise Copper Tube announced plans for initial public offerings in Shanghai worth a combined US$1.5 billion, indicating tha

China, Sweden sign trade deals during Wen visit

China and Sweden signed five bilateral trade deals on Tuesday during a visit by Chinese Premier Wen Jiabao to Sweden, the

Cashing in

Author Kwek Yong Ping on private equity in China

Ford announces major expansion in China production capacity

Ford (F.NYSE) announced its biggest industrial expansion in 50 years, as part of a US$5 billion plan to double production capacity in China by 2015,

HSBC launches first international dim-sum bond

HSBC Holdings (HBC.NYSE, 0005.HKG, HSBA.LON), Europe's biggest bank, raised RMB2 billion (US$317 billion) by launching the first yuan-denominated bond outsid

Central bank report calls for more monetary reforms

China is at a "rare strategic moment" to accelerate the opening of its capital account by reforming interest and exchange rates, the central bank's statistic

FDI declines 6.1% in March

Foreign direct investment into China fell 6.1% in March, the fifth consecutive month of decline,

UK banks push for London as next yuan trading hub

Barclays (BCS.NYSE, BARC.LON), Deutsche Bank (DB.NYSE, DBR.FRA, ETR), HSBC Holdings (HBC.NYSE, 0005.HKG, HSBA.LON) and Standard Chartered (2888.HKG, STAN.LON

Hedge funds cut China commodity bets

Hedge fund managers reduced net-long positions across 18 US commodities futures and options by 9.3% in the week ended April 10, the biggest reduction since D

Consider buying if price is right on China cable maker Jiangnan

The news: Jiangnan Group, a Jiangsu province-based maker of power transmission cables, will raise up to US$101.6 million (HK$788 mill

Renault to produce cars in China with Dongfeng

French automaker Renault (RNO.EPA) and China's Dongfeng Motor Group (0489.HKG) have signed a framework agreement on a joint venture to produce cars in the wo

Disney, Tencent forge animation partnership

Walt Disney (DIS.NYSE) has formed alliance with Tencent Holdings (0700.HKG), China’s largest internet service provider, and the state-run China Animation Gro

Chinese purchases of Japanese debt spike

Data released by Japan's Ministry of Finance in February showed China has bought the largest amount of short-term Japanese debt in February since May 2010,

Chinese railways forecast earnings drop in 2012

China's largest railway companies, the state-owned China Railway Group (601390.SH, 0390.HKG) and China Railway Construction Corporation (CRCC; 601186.SH, 118

Volvo to spend US$11 billion in coming years

Volvo, a Swedish automaker owned by China's Zhejiang Geely Holding Group (0175.HKG), announced Thursday that it plans to spend US$11 bilion on developing new

China opens door for hedge funds

The Shanghai government plans to introduce a program that would allow approved managers of both international and domestic private-equity and hedge funds to

Chinese premier urges break-up of bank monopoly

China's premier called on the country to break up the monopoly of state-owned banks to accomplish its goal of getting more private capital into the financial

ENN Energy backs up US$2.2 bln bid for China Gas

Chinese gas distributor ENN Energy Holdings (2688.EKG) said it has ample cash to fund a US$2.2 billion bid for a stake in rival China Gas Holdings (0384.HKG)

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