In capitalist clothes: China makes its Wall Street debut
Article Abstract:
Brilliance China Automotive Holdings Ltd is the first Chinese company to list its shares in the New York. China's entry into the New York market allows them to sidestep problems in the B share market. In addition, Chinese officials are also looking for other more lucrative sources of capital. Brilliance China is controlled by the People's Bank of China and partly owned by JinBei Automotive Shareholding Co. Brilliance China expects to raise $67.7 million for the 5 million share issue scheduled for offering in the week of Oct 5, 1992, at an initial price of $14 to $16 per share.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Second wind
Article Abstract:
The yen's weakening to 98 to the US dollar raised spirits in Japan, boosted the stock market, strengthened capital investment, and may raise GDP growth for the year to 1%. It came when Japan's Finance Ministry made dollar assets more attractive to Japanese investors and several national banks intervened in foreign-exchange markets. However, household spending fell 1.7% in Jan-Mar 1995 from a year earlier, housing starts are down 16%, and unemployment is at a 50-year high of 3.2%. The economy needs more fiscal spending.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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