Sunday, 15 November 2009
China’s Role as Lender Alters Dynamics for United States
When President Obama visits China for the first time on Sunday, he will, in many ways, be assuming the role of profligate spender coming to pay his respects to his banker.
No bars, no mistresses, Chinese officials warned
Chinese officials are being told to dump their mistresses, avoid hostess bars, and shun extravagances as part of the Communist party’s efforts to clamp down on the corruption that is threatening its rule and sullying its reputation.
Saturday, 14 November 2009
Believing in the bears, running with the bulls
Given the strength of the stock market rally over the past eight months, and considering just how supportive conditions are for share prices right now, it might seem surprising that anyone at all is still bearish on equities.
Strong demand shows that Hong Kong IPOs still coveted
Top-end pricing indicates demand; no investor fatigue despite IPO surge
How recent wars shaped the PLA Air Force
The People’s Liberation Army Air Force has grown in leaps and bounds since it was set up with a handful of planes seized from the defeated Kuomintang force.
Unforgettable humiliation led to development of GPS equivalent
An “unforgettable humiliation” the People’s Liberation Army suffered during the Taiwan Strait missile crisis in 1996 prompted the mainland to build its own global navigation and positioning satellite system, a retired senior military official has disclosed.
Guoco a winner, with or without BEA buyout
High hopes of Guoco Group, led by Malaysian chairman Quek Leng Chan, launching a takeover bid for Bank of East Asia have sent shares of the lender surging more than 14 per cent this week.
Nasdaq sees doubling of its Chinese listings
Nasdaq OMX Group said the number of Greater China companies listed on its exchange could double in as little as two years, fuelled by a growing appetite for these shares from a wider range of institutional investors in the United States.
Speculative money propels B shares in catch-up play
The mainland’s foreign-currency B shares rose yesterday amid an influx of speculative capital as analysts cautioned investors of a boom-to-bust scenario.
Crackdown imminent on hoarding of land
The mainland plans to penalise developers that hoard sites to boost land prices.
Beijing rejects projects worth 200b yuan
China, the world’s third-largest economy, has rejected requests to build industrial projects worth almost 200 billion yuan (HK$227.06 billion) and plans new measures to close factories to curb overcapacity and pollution.
Hong Kong should get fair deal over entry of mainland auditors
Former premier Zhu Rongji is known for his poker face. Unlike his self-aggrandising peers, Zhu rarely painted the huge calligraphy displays that one finds hanging at the doorways of almost every major mainland institution. He only did four.
It was spring 2001. He was visiting the newly founded Shanghai National Accounting Institute, one of the country’s three schools for accountants.
He wrote four words: “Bu zuo jin zhang (No book-cooking).”
It was spring 2001. He was visiting the newly founded Shanghai National Accounting Institute, one of the country’s three schools for accountants.
He wrote four words: “Bu zuo jin zhang (No book-cooking).”
Sino-Env gets flak over sacking of finance head
The Singapore Exchange (SGX) is threatening to delist waste recycler Sino-Environment if it fails to brush up on its governance practices.
Sino-Environment given 30 days to tackle governance issues
The Singapore Exchange has given Sino-Environment Technology 30 days to address issues raised by its independent directors (IDs) or face delisting after the IDs hit out at the company’s summary dismissal of its financial controller.
Growing US$ carry trade could fuel new speculative mania: Tsang
A carry trade that is building up in the US dollar could fuel a new wave of speculative mania, Hong Kong Chief Executive Donald Tsang said yesterday.
Shenzhen wants to be clean, just like Singapore
Shenzhen is in the midst of a self-improvement binge. On the orders of provincial party secretary Wang Yang, the ragged boom town has set the target of catching up with premier Asian cities such as Hong Kong and Seoul within 10 years, and becoming a “world-class international metropolis” within 20.
Tuesday, 10 November 2009
Magazine’s new team face uphill battle to maintain standards
Caijing magazine’s new editorial team will have a tough job maintaining quality and regaining the confidence of readers and advertisers following the departure of its founder, Hu Shuli, along with most of the staff of its business and editorial operations.
Caijing founding editor quits to launch venture
Editorial chief of mainland magazine known for stinging exposes unable to agree with publisher
West suspects Beijing has developed space-age arms, despite Hu’s denials
Military observers say satellite image confirms suspicions about PLA capabilities
US$ carry trade set to be next bubble horror
Speculators will get their fingers burned, just like their yen carry trade counterparts
China in race to secure overseas uranium supply
Whether it is in the frigid Athabasca Basin in north Canada, the arid Outback of Australia or the dunes of Namibia in southwest Africa, mainland firms have been eagerly acquiring access to uranium deposits around the world to supplement domestic supply of the raw material for nuclear power.
Vintners approach fickle Chinese market cautiously
Chinese wine imports have soared more than ten-fold in the past few years but foreign producers hoping to cash in on the boom are warning that the market is fickle and not for the faint of heart.
Waking the warrants market from its slumber
After experiencing explosive growth for the past few years, the covered warrants market in Singapore seems to have fallen off the cliff.
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