Yang Chao, Chairman of China Life Insurance Co Ltd, said yesterday that the company plans to have a try at the property market to diversify its investment lay out. He said China Life would seek to invest in infrastructure, equity, fixed-income securities and the property market.
According to Yang, China Insurance Regulatory Commission is expected to permit insurers to invest in infrastructure and real estate soon and is drawing up guidelines concerning it. China Life is waiting for the inaction of these regulations and making preparations for their Read more…
Popularity: 4% [?]
China, economy, industry, insurer, investment, market, risk
According to a PricewaterhouseCoopers (PwC) report, because of more Chinese Financial institutions expanding their business, the financial services M&As in Asia will be more active.
215 senior financial services executive, of which 20% come from the Chinese mainland and Hong Kong, finished the survey.
The survey showed that comparing with 2008, the figure of respondents intending to make an acquisition increases 4% this year. Most Chinese mainland and Taiwan respondents like to use M&A deals.
Nelson Lou, transaction partner, PwC, said that the keenness in China should owe to stronger balance sheets and fewer use of outbound M&A activity in the past few years. Read more…
Popularity: 3% [?]
Asia, business, China, economy, Hong Kong, M&A, service
The following article is one of the best analysis of why Elance failed. You can read the original post here.
“Several important factors involved with their failure include: Too much competition, little service provider differentiation besides price, high service provider fees, no locality of services, ambiguous project descriptions, cheap Indians, as well as cheap Indians, and last but not least, cheap Indians.
Read more…
Popularity: 23% [?]
BPO industry, BPOVIA, Elance, ODesk, virtual assistance
Elance, ODesk and Guru are trying to the “eBay of Outsourcing”. The idea is great but there are fundamental flaws in this model: Most of the bidders on those sites are typically freelancers, self employed and work at home. The reliability and quality of service are highly unpredictable. Elance, ODesk and Guru are just middlemen or marketplace so they have no control about the bidders at all.
Read more…
Popularity: 8% [?]
BPOVIA, Elance, Guru, ODesk, Virtual Assistant
INVITATION FOR BIDS
Date : 12 May 2009
Loan No. : 2407-PRC: Gansu Baiyin Urban Development Project
Contract No. and Title : Contract Section C03: Southern Baiyin Infrastructure Project
Invitation for bid No. : 0701-092090030003
Deadline for Bids : 10:00 a.m., 22 June 2009
1. This Invitation for Bids follows the General Procurement Notice for this project that appeared
in the ADB Business Opportunities issued on 27 May 2008 Read more…
Popularity: 3% [?]
bid, China, development, economy, Gansu, ifb, project
The Guangdong Highway Construction Corporation (herein after referred to as the collector), as the legal person responsible for the project, entrusts Chelbi Engineering Consultants, Inc. (herein after referred to as the collection agent) to internationally collect project designs for the Second Bridge in Humen, Guangdong, China.
1. Project Briefs
The Second bridge is a connecting line in the planned expressway network Read more…
Popularity: 4% [?]
bridge, China, economy, Guangdong, Humen, plan, project
Instrimpex International Tendering Company
Invitation for Bids
(Bids No.: 0703-0920CIC1N023)
1. The P. R. China has applied a loan from Asian Development Bank towards the cost of Integrated Ecosystem and Water Resources Management in the Baiyangdian Basin Project, and it intends to apply part of the proceeds of this loan to payment under the contract for Maintenance Equipment (the Goods). Read more…
Popularity: 3% [?]
Baiyangdian, basin, bid, China, economy, ifb, project
On the day Mar, 27th, 2009, Mountain Partners Group (MPG), which is a Swiss investment company, announced that they would build the first institutionalized angle fund in China focusing on the new but potential corporations. Read more…
Popularity: 4% [?]
China, company, economy, fund, investment, MPG, Swiss
Thanks to the help of US taxpayers and China’s government, General Motors Corp can continue its business, for GM gets a $13.4 billion loan from US taxpayer and $1,170 subsidies from the latter one.
As a result of cut in retail taxes on small vehicles, GM’s minivan venture sales in China have had a 32% rise in the first 2 months. Recently, the government is giving out 5 billion yuan in subsidies in order to promote the auto sales in countryside.
Because of the tax cut and subsidies, GM predicted that it would enjoy a double growth in China. However, in the US market, it saw a 51% slide in the sales, which forced GM to ask for about $16.6 billion aid from government. Read more…
Popularity: 4% [?]
business, China, economy, government, loan, tax, U.S.
The largest computer maker in China—Lenovo has reorganized its regional operations into two business groups, at the same time, it has also established two product groups to deal with the global financial crisis.
It is said that Lenovo will focus on the developed and emerging market, Milko Van Duijl, Lenovo’s president in EMEA (Europe, the Middle East and Africa) region, will be in charge of the mature market group, such as United States, Japan and Australia market.
In addition, the emerging market which Read more…
Popularity: 3% [?]
business, China, computer, economy, Lenovo, operation, product
Yang Chao, Chairman of China Life Insurance Co Ltd, said yesterday that the company plans to have a try at the property market to diversify its investment lay out. He said China Life would seek to invest in infrastructure, equity, fixed-income securities and the property market.
