China Investment Corp (CIC), the country's 200 billion U.S. dollars sovereign wealth fund, has signed a deal with JC Flowers & Co to launch a 4 billion dollars private equity fund to focus on investments in US financial assets, despite increasing worries over the snowballing credit crisis, a source said. Beijing-based CIC will become a limited partner...
The Shanghai Futures Exchange (SHFE) has set out its wire rod and rebar futures contracts and formulated guidelines on delivery and risk control, its president said. The market conditions are right. It's a good time to launch steel futures trading this year, Yang Maijun, president of SHFE, said at the Far East Steel Conference in Beijing. Yang, a ...
Indonesia's rubber export to China surged 63.7 percent in two months ending February 2008 from the same period last year, taking advantage of supply disruptions from Thailand and Malaysia, local press said Thursday. Over the period, rubber export to China rose to 56,190 tons from 34,325 tons, reported leading economic daily Bisnis Indonesia, citing da...
I am very optimistic about the growth in China and opportunities there, Merrill Lynch need to expand our business in China, John Thain, CEO of Merrill Lynch, told Xinhua in an exclusive interview Tuesday. I am excited about the opportunities we can develop there, working with financial institutions, the government and regulators, to really bring many ...
China will encourage domestic mineral exploration companies to list on overseas exchanges to raise funds for their development, the Ministry of Land and Resources said. The government will support their foreign and domestic listings, according to China's first geological exploration plan, which was issued by the ministry on Wednesday. Analysts said ...
HONG KONG: China's sovereign wealth fund targets a modest single-digit rate of return and has adopted investment policies that are more akin to large public pension funds, according to China Investment Corporation's (CIC) Vice-President and Chief Risk Officer Wang Jianxi. Wang said the CIC's new investment policies "define the fund as a "large public p...
Georgia yesterday announced it will set up a business advisory center in Beijing, the first in the Chinese capital by a US state, in a move to attract more trade and investment from China. The center will introduce Georgia's opportunities in commerce and tourism to the world's fastest growing economy, said Sonny Perdue, governor of Georgia. He is leadi...
A Chinese subsidiary of the Chevron Corporation announced on Wednesday the opening of an office in Dazhou City in the southwestern Sichuan Province to support the U.S. oil giant's local natural gas operations. The move came after a 30 year production sharing contract (PSC)signed between Chevron and PetroChina, the listed subsidiary of China National P...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi