The rush for Chinese bed partners continues apace
Article Abstract:
The purchase of a 20% stake in China Light and Power, the largest electricity utility in Hong Kong, for 1.3 billion pounds sterling by Citic Pacific, part of China International Trust and Investment Corp, is part of moves by the latter to establish a strong presence in Hong Kong. There is now very strong Chinese investment in Hong Kong, and there are believed to be at least 4,000 Chinese-owned companies in Hong Kong. It is clear that it will become increasingly important to have good political and business connections when Hong Kong reverts to Chinese sovereignty.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
A company worth being seen with
Article Abstract:
Citic Pacific, a subsidiary of Chinese state-owned China International Trust and Investment Corp, attracted considerable attention when it was formed by Rong Yiren, now a vice-president of China, in the early 1990s. Since then, it has expanded without a clear strategy, but has still been able to raise funds in the market and its share price has continued to rise. Many companies are keen to have Citic Pacific as a shareholder, seeing this as a route to obtaining tenders and funds for development in China.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Jardines perfects knack of looking a greenhorn
Article Abstract:
Conglomerate concern Jardines is closely associated with the development of Hong Kong as a commercial centre, and has many businesses which perform well. However, it has not been successful in entering new markets. Further problems are also being caused by the fact that it is not establishing positive links with China. This has made local concerns unwilling to be seen to be associating too closely with Jardines.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The plants that come in from the cold. Green thoughts in a green shade. Ah, progress at last
- Abstracts: Release of 44 prisoners is all that prevents accord. Carnage born out of Israel's policy of rejection
- Abstracts: The battle for Europe's future. Is Europe driving Germany up the wall? Time's up: we must decide on the euro
- Abstracts: Fergie - the ideal figure for the new world economy. The domestic economy of the Duchess. Fergie, debt, and the bank that can't say no
- Abstracts: Why the Bank is probably right on rates again. Bank down but not out in the inflation fight. Will the Chancellor overrule the Bank again?