BEIJING (Reuters) – Work has started on less than 60 percent of public-private partnership (PPP) projects promoted by China’s central finance ministry, while the rate for local government projects is even lower, government data through…
Tagged By financials
China Oceanwide to buy Genworth Financial for $US2.7 billion
China Oceanwide has agreed to buy all the shares in New York-listed Genworth Financial, which is the 52 per cent shareholder of Genworth Mortgage Insurance Australia (GMIA). China Oceanwide is set to become the biggest…
China stocks flat as financial shares gain on signs of improvement; HK down
SHANGHAI, Oct 28 China stocks were little changed on Friday morning, as investors, haunted by fears of persistent yuan depreciation and tighter liquidity, sifted through a slew of corporate earnings to assess China’s economic health.…
Here's what China has to do to avoid a financial crisis
In a week when China announced that its economy grew 6.7% year-on-year for the third quarter in succession, it’s not the steady, near-unbelievable stability in the figure that has the markets talking. Rather, it’s one…
German minister ups rhetoric against takeovers ahead of China trip
In China, on the contrary, foreign direct investments by European … Under German law, the government can block takeovers only if they jeopardise energy security, defence or financial stability. Gabriel is pushing for a Europe-wide…
China Railway : After backing many losers, China rethinks financial diplomacy
When China signed up to build Venezuelas Tinaco-Anaco Railway in 2009, the scheme was hailed as proof of the effectiveness of the socialist brotherhood. Gleaming new Chinese trains were envisaged whisking passengers and cargo along…
Tianhe CBD courts finance industry
As the most important CBD in South China, it has offices for 140 Fortune 500 companies and boasts annual merchandise sales of more than 1 trillion yuan ($154 billion) in dozens of shopping malls. “A…
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