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 is located in the northeastern China; it focuses on container and crude oil.

The company said this month that it will issue no more than 1.2 billion A shares in Shanghai and no more than 1.2 billion shares to its parent (Dalian Port Co Ltd), expecting to raise a total of 2.8 billion yuan.

Currently the company is holding 3 billion shares and the holding of its parent will be reduced from 60 percent to 55 percent after the share issue.

The executive director of Dalian Port, Zhang Fengge said that assume 3.67 yuan per share as the offering price, and the asset acquisition earned 14 million yuan this year, the dilution effect to H shares may be offset and the earning per share will increaser 0.7 percent.

Funds raised earnings will be used for the construction of dock infrastructure and bulk cargo dock facilities, as well as bank repayment.

Sun also said that the port would increase capital expenditure next year to 3 billion yuan after an asset acquisition from its parent Dalian Port Co Ltd, up from 2 billion yuan this year. And after that asset acquisition, it would enjoy a big market share. And the net profit may rise to 140 million yuan.

Dalian Port accomplished throughput of 185 million tons, an 11.9-percent rise on the previous year, and an 18.1-percent rise in containers to 4.5 million 20-foot equivalent units (TEUs). More than 90 percent of trade containers in northeastern China move through the port to go abroad.

The port aims to boost throughput by 10percent next year from this year’s expected throughput. Its passenger roll-on, roll-off terminal experienced a 50-percent rise on both throughput and revenue in the first half year of 2009.

China port operators have been reporting gradually improving volumes after the deepest slump in global trade because of the economic slowdown.

There is still growth in cargo volumes last month compare to the year earlier, posted by China’s Yangtze River Delta. Cargo throughput at Shanghai rose 5.8 percent year on year to 33.28 million tons last month, according to Shanghai International Port Group (SIPG).

The Baltic Dry Index reached a seven-month high point this week, boosting optimism for port business in the fourth quarter and early next year.

Qingdao, another high rated port, is also gearing up for its IPO as the seventh largest port worldwide and first container transfer port in China.

Tian Guangwen, the vice-president of Qingdao port said that they have been preparing for year, he said that they ran for H shares at first but this year they restarted the application for A share listing and wish to go to the market as a whole.

He also said that it is good news for Dalian. Their IPO will not be for capital raising but for better development.

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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, said: “We want to position ourselves both defensively for turbulent years and opportunistically for the options that will appear.”

Patrick Shum, Karl Thomson Securities’ chief portfolio strategist, said HSBC had lost the golden time for issuing new shares—when the Hang Seng Index was above the 150000-mark. He said that the management might think that they could deal with the problems by themselves. According to Patrick Shum, individual shareholders have no option but to buy the new shares. Otherwise, their shareholding will be diluted and they will lose money, since many of them have been holding the shares for long.

The rights issue is subject to shareholder approval on March 19. This will add 150 basis points to HSBC’s capital ratios, strengthening the core tier 1 ratio to 8.5 percent.

HSBC Holdings also said that after it was hit by a goodwill impairment charge of $10.6 billion in the US, the pretax profit of 2008 fell 62% to $9.3 billion from $24.2 billion of 2007. Excluding the charge, pretax profit fell by 18% to $19.9 billion, slightly ahead of the $19 billion predicted by the analysts.

HSBC cut its dividend for the full year by 29% to 64 cents per share and said it would close its troubled US consumer loans business. The bank maintained a dividend growth of 10% or more per year up to 2007.

HSBC’s losses in North America in 2008 was $15.5 billion in total, including the $10.6 billion goodwill impairment charge, due to its troublesome acquisition of Household, the US consumer lending business it bought six years ago for $14 billion.

“With the benefit of hindsight, this is an acquisition we wish we had not undertaken,” Stephen Green said, admitting for the first time that HSBC had made a wrong decision in the acquisition of Household. He also said the credit environment has experienced fundamental changes over the past year. “It’s a painful decision to close the business,” he said, “We don’t want to make people redundant as well.”

HSBC said it would close most of its HFC and Beneficial-branded US branch network, leading to a loss of 6,100 jobs and that, with the exception of credit cards, the US divisions would write no further consumer finance business.

Group-wide, the bank said that losses on bad loans jumped 44% versus 2007 to $24.9 billion.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

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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 made the city more than greatness.

Lying in the lower Yangzte River basin and the Yangzte River Delta economic zone, Nanjing was the capital of China over six ancient dynasties and serves as the capital of Jiangsu Province today. It is still playing its historical role as a centre of education, research, transportation, and tourism. Besides, its setting at the intersection of the Yangzte River with many traditional overland transportation routes has flagged it as a key point between the east-west waterways and the north-south road and railway networks.

Scaling over a total of 6,598 square kilometers with 7.4 million permanent residents, of which 75% now are classed as urban dwellers, Nanjing is the second largest commercial center in Easter China after Shanghai. A great amount of investments in recent years in its economy, commerce, industry and infrastructure has increased the city’s GDP to $6,000 per head of population, together with technical competence and resource, Nanjing has topped first 10 among all mainland cities.

Recently, Nanjing has been named as “one of the most promising cities in the Asia-Pacific” and “one of the top three commercial cities in the Chinese mainland” by Forbes, the authoritative US business magazine.

Geographical advantage
As the most important transportation hub in eastern China and the downstream Yangzte River area, Nanjing’s advanced transport network offers a vital link between land, air and waterway services.

Nanjing Lukou International Airport, one the 10 largest airport in China, has a great number of regular passengers and cargo flights to international destinations, such as London, Ftankfurt, Amsterdam, Vancouver, Los Angeles, Chicago, Moscow, Tokyo, Singapore and Seoul.

The city’s harbor is the largest inland harbor in Asia and services some 200 ports in 80 different countries and regions.

A historic and cultural city
Nanjing city was established 2,500 years ago, but the ealiest civilizations in the Nanjing area can be traced back to 6,000 years. Nanjing has served as the national capital of more than 10 dynasties and regimes during its long history. This role was ended by the day of the foundation of the Republic of China when Beijing was appointed as the capital. The long history has left the city with countless antique artifacts and cultural treasures.

Climate and environment
Nanjing put forward an “urban green space” policy in 2003 and till now, nearly half of the tree-planting initiative has been completed. The green area of this city has increased to 12 square meters per head of population.

Recognized as “The National Park of the Year”, “The National Urban Hygiene Awards” and as a model city by both the National Environmental Protection agency and the National Afforestation agency, Nanjing is widely honored for its eco-friendly progress in its sustainable development.

Due to its low crime rate and high reputation for public security, Nanjing is one of the cities national wide with high living standard.

Speaking the climate, Nanjing falls within the northern subtropical monsoon climate zone and enjoys four seasons with plentiful sunshine and rains. The average temperature is 17.8C and the annual amount of rainfall is 1,034 mm.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

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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 indeed, but Cai disclosed neither in which month the forex reserves fell below the $1.9 trillion level nor the current size of the forex reserves.

According to the central bank data, at the end of September, China’s forex reserves stood at $1.9056 trillion, which is a growth of 32.92% year-on-year. The reserves increased $377.3 billion in the first nine months of this year, $10 billion more than the year-earlier increment.

Yuan Yuedong, a senior researcher with the global financial market department of Bank of China holds the opinion that the latest reduction would not influence the Chinese economy severely.

Yuan thought the down trend in forex reserves was bought about by the recent slower appreciation of the yuan and short-term depreciation against the US dollar as well as possible increased offshore investment by Chinese companies.

An anonymous investment-bank analyst said the decline of forex reserve might be related to capital withdrawal from China by some foreign institutions which don’t have enough liquidity ability.

But remarks from Commerce Minister Chen Deming earlier was that large amounts of capital do not seem to flow out of China and China was still an attractive destination for FDI.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

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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 and investment can be stimulated by revitalization of the stock.

There was no effective policy to stabilize the volatile financial market in the stimulus package so they look for more moves for this sector, said Wu Shiqiu, a professor from Renmin University of China, who is also among the ten economists.

If the authorities don’t activate the market within the fourth quarter itself before the companies release their annual financials, the government will have to pay more to support the market and shore up investor confidence, they said.

Suggestions also come from the economists who hold the opinion that big shareholders, who possess 5 percent or higher stake of nontradable stocks to set a minimum price, below which share sales should not be permitted.

However, some industry insiders said that because the economic fundamentals are still not strong enough, the proposal, which needs to be supported by prompt system innovation on the equity market, does seem to be feasible now.

Based on the analysis from Zhong Hua, an analyst at Changjiang Securities, China’s stock market turned reasonable when the index slips under the level of 2000 points. Therefore a recovery can only come when the fundamentals ameliorate rather than via any direct stimulus policies to the market.

He explained that authorities’ move might help index in a short time, but when the real economy is deteriorating, the help from authority won’t be useful.

No one knows how much capital we need to help the recovery of economy, said Chen Xian, an economist from Shanghai Jiao Tong University, “Policies like raising personal income threshold and issuing consumption coupons to the lower-income and retirees sound more feasible to stimulate domestic consumption.”

The benchmark Shanghai Composite Index led by rally in bank and property stocks with rising percentage of 1.25 to close at 1894.62 points on Dec 1st.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

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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 are the profits?
The key point is whether the investors will see the benefits of both products coming to market and financial return.

Clean tech includes a wide range from environmental clean up—water, industrial waste, recycling — power generation and management—clean coal, biofuels, solar power, wind power, geothermal, wave power, smart grid management—and energy storage—batteries and fuel cells.

To some extent, clean tech has improved energy efficiency and the environment as well.

Recently, the investment community for clean tech companies has gone rewarded. In solar energy, investors have seen significant gains from companies such as First Solar, Suntech, Sunpower, Trina Solar and LDK, among others.

Ten Chinese companies with a total market capitalization of over $7 billion are publicly listed. The Chinese companies export the solar panels they have fabricated and assembled to Germany, Spain and the US.

With over 40 percent of the VC clean tech money and over 80 percent of the clean tech investment in china going into this sector, the early returns in the solar industry spawned a surge of capital throughout the solar energy value chain.

Wind power also has attracted a great deal of venture capital. Investments are primarily in wind generation equipment.

The two Chinese public wind power companies—Goldwind, Chinese High Speed Transmission, have not been realized by investors because they only realize the returns on capital invested that the solar industry has generated.

The other major area that attracts venture capital investment in power generation is biofuels, especially biodiesel and ethanol. Biofuels use renewable raw materials such as gains and grasses to create alternative transportation fuels.

The US has pursued poorly considered policies around corn-based ethanol driven by politics and farm subsidies rather than sound economic reasoning.

The US production capacity in corn-based ethanol has increased 4 times in less than 8 years, meanwhile, the prices of corn raw material doubled and many new technologies have proven difficult to commercialize and scale.

In the US alone, several billion US dollars of venture capital are at risk because the debt finance market collapse and the halving of oil prices sound the death knell for the first wave of biofuel companies.

Where to go?
As long as government support the installation of current technologies and provide the motivation for future investment, solar energy will get success.

Because of demanding for least subsidy to be beneficial for investors and providers, wind owns the best prospects for return on investment.

We must rethought biofuels with more emphasis on non-food feedstock. And biofuels will not be capital efficient for several years.

Clean tech will continue getting investment of venture capitalists with that moving more attention to energy storage, improving existing generation facility efficiency and improved conservation.

Nowadays, discussion among investors is focusing on energy efficiency. Doing energy efficiency investments can provide both best short term environmental and climate change benefits and the best financial returns.

There is no “silver bullet” for climate change and energy efficiency. The energy industry is being reconstructed from the beginning with new ways of generation, distributing, managing, storing, and using power. It will cost decades and trillions of dollars on this reconstruction.

However, today’s technologies in lighting, building materials, coal power plant efficiency and emission reductions, and smart grid management, are starting to modernize the energy industry.

The success of the US using market mechanisms to reduce sulfur dioxide emissions in the 1970s has inspired many of the carbon tax and carbon trading schemes underway today.

Many examples prove years of environmental neglect can be undone with government attention and policy.

Where’s China?
China is facing twofold challenges. The first one is to improve the economic growth. The second one is to provide both foreign and domestic technologies with the right intellectual property protection and financial incentives.

China will be one of the world’s centres of clean tech innovation, but this depends on sound government policies. Recent changes in the IP laws, shutting down environmentally noncompliant factories and large scale wind power deployments reflect Chinese awareness of both the need and opportunity.

For example, over 15% of China’s electric power capacity tends to be producing cement. Over 80% of this electricity is generated by coal-fired power plants. Large and immediate returns will be brought by more efficient and “cleaner” industries.

The reconstruction of the global energy infrastructure will require local, national and global action. Cooperation between China and America in this area is not only vital, but a representative of the greatest investment opportunity of the 21st century. No time can be wasted now.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

Please visit http://www.BPOVIA.com/ for details about our service.