U.K., China to sign agreement that will extend air services

Article Abstract:

British carriers will soon have direct routes to Shanghai as a result of the air services agreement to be signed by the U.K. and Chinese governments. UK's Deputy Prime Minister John Prescott told a news conference that the deal will also allow UK airlines to have extra services between London and Beijing. He said one airline will launch the new services, which are hoped to be unveiled in the spring or summer of 1999. Prescott, however, said there will be more airlines joining the service later on. Specifics on the airlines to be chosen and the routes to be added are still being ironed out, Prescott said.

Comment:

British carriers will soon have direct routes to Shanghai due to the air services deal to be signed by the U.K. and China

Regulation and Administration of Transportation Programs, Air Transportation Programs, Aviation, Transportation policy, Article

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Shandong Power shares rise 11%

Article Abstract:

Shangdong International Power Ltd. saw its share value increase 11% during its initial public offering (IPO) in Hong Kong on June 30, 1999. The company's stocks performed better than what was predicted of them. Shangdong Power's shares increased 17 Hong Kong cents to HK$1.75 (22 European cents). The company's IPO price was set at HK$1.58. Shangdong Power is the first Class H stock that was listed on the Hong Kong stock exchange in 1999.

Comment:

Share value increases 11% during initial public offering (IPO) in Hong Kong

Electric Utilities, Electric Power Generation, Transmission and Distribution, Securities prices, Securities, Shangdong International Power Ltd.

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China Continues on Path to Privatization

Article Abstract:

The Chinese government will permit sharholders to sell shares in listed firms as part of its privatization strategy. China, which is focusing on privatizating the telecommunications sector in anticipation of an upcoming World Trade Organization meeting in China, owns 70% of every listed company.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Conferences, meetings and seminars, Telecommunications services industry, Telecommunications industry, Political aspects, World Trade Organization, Privatization, Privatization (Business)

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