The following press releases and media reports about Chinese companies were carried on April 12. To view a full article or story, click on the link next to the headline.
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Yum (NYSE: YUM) Says Bird Flu Hits China April Sales; March Down (English article)
Commerce Dept Finds Chinese Solar Importers Evading Duties (Businesswire)
Games Contribute 88 Pct of China Mobile (HKEx: 941) App Store Revenues (English article)
ICBC (HKEx: 1398) Announces Completion of Buy-Back By Central Huijin (HKEx announcement)
Dell (NYSE: DELL) Greater China President Yang Chao Resigns (Chinese article)
The following press releases and media reports about Chinese companies were carried on April 3. To view a full article or story, click on the link next to the headline.
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ICBC (HKEx: 1398) To Buy 20 Pct of Taiwan’s Sinopac (Taipei: 2890) (HKEx announcement)
Paramount (NYSE: VIAb), China Movie Channel To Produce “Transformers 4” (English article)
China Telecom (HKEx: 728), Netease (Nasdaq: NTES) Partner on Mobile IM – Source (English article)
Baidu’s (Nasdaq: BIDU) Qunar Meets Resistance From Suppliers (Chinese article)
Class Action Suit Against Canadian Solar (Nasdaq: CSIQ) Dismissed (PRNewswire)
The following press releases and media reports about Chinese companies were carried on January 29. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
Goldman (NYSE: GS) Launches ICBC (HKEx: 1398) Selldown Of About $1 Bln (English article)
Ban On Games Consoles May Be Lifted, Suggests Culture Ministry Source (English article)
Xiaomi, CNTV Partner on Internet TV Set-Top Box (English article)
China’s SMS Volume Grows Just 2 Pct in 2012 (Chinese article)
Huawei Enters Global Top 3 For Smartphones, Profitability Low (Chinese article)
The following press releases and media reports about Chinese companies were carried on December 26. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
China Mobile (HKEx: 941) to Launch Out 4G Trials in 100-Plus Cities in 2013 (Chinese article)
MIIT to Issue VNO Licenses in Mid-2013 – Source (English article)
Brazil Approves ICBC (HKEx: 1398) to Set Up Local Banking Unit (HKEx announcement)
Qihoo 360 (NYSE: QIHU) Debuts Image Search Service (English article)
Sony (Tokyo: 6758) Says China Business Has Recovered, Foresees Growth
After years of focusing on the domestic market, leading Chinese bank ICBC (HKEx: 1398; Shanghai: 601398) is suddenly embarking on a rapid global expansion, this time with the announcement that it has received the necessary approvals to open a Brazilian unit. This latest move would follow a rapid series of new initiatives over the last 2 years, including new entries into South America, the Middle East and US.
Fresh on the heels of a victory in its bid to buy Canadian energy exploration firm Nexen (Toronto: NXY), China is preparing to test its luck once again with another sensitive attempt to buy one of the largest US aircraft leasing companies from insurance giant AIG (NYSE: AIG). I previously predicted the Canadian government would ultimately approve the purchase of Nexen from state-run Chinese oil major CNOOC (HKEx: 883; NYSE: CEO), which the government of Prime Minister Stephen Harper finally did just before the weekend after months of foot dragging. But a separate group of state-backed buyers that includes China’s biggest bank ICBC (HKEx: 1398; Shanghai: 601398) should look closely at the fine print in final Nexen verdict, which could presage a bumpy flight path ahead in their surprise $5.5 billion bid for ILFC, the aircraft leasing arm of AIG.
ICBC (HKEx: 1398; Shanghai: 601398) is easily China’s most outward-looking bank, and it is showing its global aspirations once gain with word that it plans to open branches in the Middle Eastern markets of Saudi Arabia and Kuwait. (company announcement) This latest announcement that it has received local approval to set up branches in these 2 lucrative markets comes just a week after ICBC said it has also received local regulatory approval to buy a controlling stake in the Argentine unit of South Africa’s Standard Bank, its longtime partner in Africa.
The following press releases and media reports about Chinese companies were carried on November 15. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
The following press releases and media reports about Chinese companies were carried on October 31. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
China’s Big Banks Set For Slowest Annual Profit Growth Since Going Public (English article)
Air China (HKEx: 753), GA Telesis in Aircraft Leasing, Spare Parts JV (Businesswire)
China’s credit card market could be heading for a major explosion soon, following the official entry of the first foreign card issuer to the market in the form of global banking giant Citibank (NYSE: C). Foreign media have given relatively little coverage to this event, but in my view the development is quite significant for reasons that I’ll explain shortly that could ultimately lead to the kind of consumer credit bust that previously wreaked havoc on the banking sectors in Taiwan and South Korea.
The following press releases and media reports about Chinese companies were carried on September 18. To view a full article or story, click on the link next to the headline. ══════════════════════════════════════════════════════
China Launches WTO Challenge to US Anti-Subsidy Tariffs (English article)
Western Union (NYSE: WU) Signs ICBC (HKEx: 1398) for Account Money Transfer Services (Businesswire)
LDK Solar (NYSE: LDK) Reports Financial Results for Q2 of 2012 (PRNewswire)
China Telecom (HKEx: 728), Unicom (HKEx: 762) Lower Price of iPhone 4, iPhone 4S (English article)
After years of focusing on the domestic market, leading Chinese bank ICBC (HKEx: 1398; Shanghai: 601398) is suddenly embarking on a rapid global expansion, this time with the announcement that it has received the necessary approvals to open a Brazilian unit. This latest move would follow a rapid series of new initiatives over the last 2 years, including new entries into South America, the Middle East and US.
Fresh on the heels of a victory in its bid to buy Canadian energy exploration firm Nexen (Toronto: NXY), China is preparing to test its luck once again with another sensitive attempt to buy one of the largest US aircraft leasing companies from insurance giant AIG (NYSE: AIG). I previously predicted the Canadian government would ultimately approve the purchase of Nexen from state-run Chinese oil major CNOOC (HKEx: 883; NYSE: CEO), which the government of Prime Minister Stephen Harper finally did just before the weekend after months of foot dragging. But a separate group of state-backed buyers that includes China’s biggest bank ICBC (HKEx: 1398; Shanghai: 601398) should look closely at the fine print in final Nexen verdict, which could presage a bumpy flight path ahead in their surprise $5.5 billion bid for ILFC, the aircraft leasing arm of AIG.
China’s credit card market could be heading for a major explosion soon, following the official entry of the first foreign card issuer to the market in the form of global banking giant Citibank (NYSE: C). Foreign media have given relatively little coverage to this event, but in my view the development is quite significant for reasons that I’ll explain shortly that could ultimately lead to the kind of consumer credit bust that previously wreaked havoc on the banking sectors in Taiwan and South Korea.
