The China’s third largest port operator, Dalian Port Co Ltd expects to complete its initial public offering on the Shanghai Stock Exchange within the first half of 2010, Sun Hong, the Chairman of Dalian Port Co Ltd said.
The company was listed in Hong Kong in 2006 which means it will become China’s first port with a dual listing.
And also the Dalian Port is the biggest port operator in Bohai Bay which Read more…
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capital, China, Dalian, economy, Hong Kong, port, Shanghai
HSBC Holdings said on March 2, 2009 that it would raise a total of $17.7 billion in new capital from shareholders in a rights issue to strengthen its financial structure after reporting a more than 50% fall in 2008 earnings and, as expected, a surge in bad debts in the US.
The largest bank in Europe is in the process of offering 5.1 billion new shares at 254 pence apiece, or a 48% discount on Friday’s closing price, for subscription by its current shareholders. In Hong Kong, the issue price per new share is HK$28, or a 50.2% discount on its Friday close of HK$56.95.
Stephen Green, the Group Chairman, disagreed that the rights issue had appeared too late. He said it was the right time when they got the information about their performance in 2008.
Douglas Flint, the HSBC finance director, Read more…
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bank, capital, China, crisis, economy, HSBC, structure, U.S.
“It is hard to find another city like this.” Dr Sun Yat-sen, the 20th century revolutionary and politician, said this line after gazing over the city, which is one of the Four Great Ancient Capitals in China and is much loved by Sun. He is still considered as “the Father of Modern China”.
He once wrote the city of “The setting of Nanjing is wonderful. Mountains, lakes and plains are all around here,” as his mausoleum lies in Nanjing. However, the historical and contemporary significant has Read more…
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capital, China, city, economy, mausoleum, nanjing, Yangzte
A State Administration of Foreign Exchange official has said that China’s foreign exchange reserves have decrease for the first time in five years after peaking at $1.9 trillion at the end of September.
Based on the remarks of Cai Qiusheng, head of the foreign debts section under the capital-account management department at an annual meeting of China’s import and export enterprises, China’s forex reserves declined Read more…
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capital, China, decline, economy, exchange, forex reserves
According to ten top economists in a joint plea to the central government, in order to materialize the 4 trillion yuan stimulus package and shore up China’s economy, decisive and coherent policy measures to revitalize the equity market are needed.
As the barometer of the country’s economic and social conditions, the bad situation of the Chinese stock market may bring serious damage to the banking and fiscal systems as well as listed companies. The country’s domestic consumption Read more…
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Clean tech companies have got $10 billion investment from venture capitalists (VCs) since 2000. The investment approached $4 billion in 2008 alone. 70% of the money is in the United States, less than 10% of that in China.
US VCs will invest in clean tech most within 5 years. The majority of venture capital dollars have been captured by sustainable power generation such as solar, wind and biofuels.
Where Read more…
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capital, China, dollars, investment, technologies
The China’s third largest port operator, Dalian Port Co Ltd expects to complete its initial public offering on the Shanghai Stock Exchange within the first half of 2010, Sun Hong, the Chairman of Dalian Port Co Ltd said.
