News Briefing: Beijing approved Morgan RMB funds in China
The following is the International Department of China Economic Net November 28, finishing correspondent reports and compile the world's major financial media News news briefing, for reference:
U.S. stocks lower on Friday to close at 11,231.78 points the Dow
U.S. stocks closed lower on Friday, the Dow Jones Industrial Average index hit the worst since 1942, Thanksgiving week performance. Dow Jones index fell 25.77 points to 11,231.78 points, down 0.23%; week, the Dow fell 4.8%, the S & P 500 index fell 3.12 points to 1158.67 points, down 0.27%, lower for the seventh consecutive trading days. The Nasdaq composite index fell 18.57 points to 2441.51 points, down 0.75% (this message from Dow Jones).
Recommended reading
· Fund nearly bankrupt companies face increasing dangers
· Private Interview
End of the year sprint fund size
Wang Lianzhou shelling the base opened liquor stocks underperformed the broader market goals: the first shot the two financial performance of insurance funds to expand the scope of change in the situation out of fear of public funds shine in the sun Awkwardness detached private equity fund performance last year retired the top ten internet + traditional business model Britain will no longer be favored PE announced £ 10 billion plan to promote lending to SMEs
According to a government source said on Saturday, Britain announced that next week will be worth at least £ 10 billion (155 billion U.S. dollars) plan to expand credit for small and medium enterprises, and strive to not affect the saving measures in the case of economic incentives. The source told Reuters, these measures will include state guarantees for bank loans, in addition to the government will announce a joint investment fund in the plan, the fund will be larger corporate lending (this message from Reuters).
Germany and France plan quickly reached a new stable contract
Germany's "Sunday World News" reported that, German Chancellor Angela Merkel and French President Nicolas Sarkozy plans to take to reach a new Stability Pact, including fast, including more powerful way to fight the debt crisis. The newspaper reported in advance of publication, if necessary, Germany and France, together with many countries ready to agree to strict budgetary discipline (This news from Reuters).
The United States will restart after a lapse of 30 years building nuclear power plants
26 Japan's Toshiba Corp. announced that its subsidiary, U.S. nuclear power giant Westinghouse (WH) in the United States the construction of four new-style nuclear reactor is expected to commence early years, will soon export its turbines related equipment. U.S. Nuclear Regulatory Commission (NRC) is currently working on the construction and operation of nuclear power plant approved in conjunction with the Westinghouse Electric aspects of co-ordination. As a result, the United States will restart after a lapse of 30 years of building nuclear power plants. Since 1979, the U.S. nuclear power accident at Three Mile Island nuclear power plant after the freeze new projects, however, President Obama announced in February 2010, the government will carry out new projects in the United States nuclear power plant debt guarantees, building nuclear power plants on the restart showed a positive attitude (This message comes from Kyodo News).
India to further open retail
Indian National Congress Party (Gongress)-led coalition Cabinet agreed on Thursday decided to allow foreign multi-brand retailers to hold the joint venture in India, up to 51% of the shares. In the past, the U.S. Wal-Mart Stores Inc. (Wal-Mart Stores Inc.) So that retailers can only be established wholesale joint venture, and now, these companies will be allowed to open supermarkets with Indian partners. Government of India also adjust the rules to allow Nike (Nike Inc.) So single-brand retail hundred percent of the shares held by the Indian subsidiary. The past, they can only build a joint venture with Indian company, and its stake to 51% (this message from Dow Jones).
Beijing approved the establishment of JP Morgan subsidiary of RMB Fund
According to informed sources, the U.S. bank JP Morgan Chase (JP Morgan, JPM), a subsidiary of JP Morgan Asset Management has been approved by Beijing Municipal Government, according to the new qualified foreign limited partnership (Qualified Foreign Limited Partner, referred to QFLP) system set up a scale of 10 billion yuan fund, the company will become the largest to date a foreign RMB fund management company (this message from Dow Jones).
RUSAL will acquire 33% stake in Shenzhen North Investment
Russian aluminum giant United Company Russian Aluminum (United Co. Rusal PLC, 0486.HK, referred to as: the Russian aluminum) on Friday said it has acquired China North Industries Corporation (China North Industries Corporation) under the aluminum sales subsidiary in Shenzhen City, Northern Investment Co., Ltd. (Shenzhen North Investments Corp. Ltd) 33% of the shares reach an agreement. Rusal said in a statement, as a trading company, Shenzhen North Investment Co., Ltd. has over 15 years of primary aluminum in China market experience, the acquisition of shares in the company will effectively promote Russia's aluminum-related products sold in the Chinese market (this message From Dow Jones).
The review found five Hong Kong IPO bank sponsor problems
Hong Kong Monetary Authority (Hong Kong Monetary Authority, referred to as: HKMA) announced on Friday, found that five in Hong Kong initial public offering (IPO) activity of the bank sponsor the work of the inadequacies that exist, the problem related to due diligence review and prospectus level disclosure of information. Hong Kong Monetary Authority for the completion of the JP Morgan Chase & Co. (JP Morgan Chase & Co., JPM), UBS (UBS AG, UBS), HSBC Holdings plc (HSBC Holdings PLC, HBC, referred to as: HSBC), Royal Bank of Scotland Group (Royal Bank of Scotland Group PLC, RBS) and Deutsche Bank (Deutsche Bank AG, DB) review the activities of the sponsor, issued the notice (this message from Dow Jones).
China to open overseas investment platform to be established
According to "China Daily" (China Daily) reported on Saturday, China's State Development Bank (China Development Bank Corp) 's private equity unit said in early December to establish an overseas strategic investment platform. Reported that the National Finance Co. Ltd. to open (China Development Bank Capital Corp.) Will be held next month in Hong Kong and TPG Capital (TPG Capital) and KKR & Co. Signed a strategic cooperation agreement (this message from the "China Daily") .
Hainan Airlines to be transferred 4.575 billion yuan real estate projects
With increasing pressure on China real estate regulation, China's fourth largest airline, Hainan Airlines (600221, stock it) Co., Ltd. plans to divest its multiple real estate projects, total about 4.575 billion yuan. The company announced that Hainan Airlines intends to hold an international tourism island development and construction (Group) Co., Ltd. 33.33% of the shares transferred to the controlling shareholder of Grand China Air Co., the transfer price of 16 billion yuan (This news from Reuters) .
Chow Tai Fook plans Hong Kong IPO financing up to $ 2.8 billion
Dow Jones quoted informed sources as saying that Hong Kong tycoon Cheng Yu-tung under the command of Chow Tai Fook Jewellery Co., Ltd. (Chow Tai Fook Jewellery Co., Referred to as: CTF) scheme by the Hong Kong initial public offering (IPO) financing up to $ 2.8 billion. Informed sources said the plan in accordance with CTF guidance of $ 15-21 per share price range of 1.05 billion shares issued, and the roadshow will start next Monday (this message from Dow Jones).
Special Note: The article reflects only the author, China Economic Net is using only text to provide readers with more information, does not mean that agree with their position. Reproduced and reference this article, please keep power head, marked "from: China Economic Net," and requested the Department on the author's name
The following is the International Department of China Economic Net November 28, finishing correspondent reports and compile the world's major financial media News news briefing, for reference:
U.S. stocks lower on Friday to close at 11,231.78 points the Dow
U.S. stocks closed lower on Friday, the Dow Jones Industrial Average index hit the worst since 1942, Thanksgiving week performance. Dow Jones index fell 25.77 points to 11,231.78 points, down 0.23%; week, the Dow fell 4.8%, the S & P 500 index fell 3.12 points to 1158.67 points, down 0.27%, lower for the seventh consecutive trading days. The Nasdaq composite index fell 18.57 points to 2441.51 points, down 0.75% (this message from Dow Jones).
Recommended reading
· Fund nearly bankrupt companies face increasing dangers
· Private Interview
End of the year sprint fund size
Wang Lianzhou shelling the base opened liquor stocks underperformed the broader market goals: the first shot the two financial performance of insurance funds to expand the scope of change in the situation out of fear of public funds shine in the sun Awkwardness detached private equity fund performance last year retired the top ten internet + traditional business model Britain will no longer be favored PE announced £ 10 billion plan to promote lending to SMEs
According to a government source said on Saturday, Britain announced that next week will be worth at least £ 10 billion (155 billion U.S. dollars) plan to expand credit for small and medium enterprises, and strive to not affect the saving measures in the case of economic incentives. The source told Reuters, these measures will include state guarantees for bank loans, in addition to the government will announce a joint investment fund in the plan, the fund will be larger corporate lending (this message from Reuters).
Germany and France plan quickly reached a new stable contract
Germany's "Sunday World News" reported that, German Chancellor Angela Merkel and French President Nicolas Sarkozy plans to take to reach a new Stability Pact, including fast, including more powerful way to fight the debt crisis. The newspaper reported in advance of publication, if necessary, Germany and France, together with many countries ready to agree to strict budgetary discipline (This news from Reuters).
The United States will restart after a lapse of 30 years building nuclear power plants
26 Japan's Toshiba Corp. announced that its subsidiary, U.S. nuclear power giant Westinghouse (WH) in the United States the construction of four new-style nuclear reactor is expected to commence early years, will soon export its turbines related equipment. U.S. Nuclear Regulatory Commission (NRC) is currently working on the construction and operation of nuclear power plant approved in conjunction with the Westinghouse Electric aspects of co-ordination. As a result, the United States will restart after a lapse of 30 years of building nuclear power plants. Since 1979, the U.S. nuclear power accident at Three Mile Island nuclear power plant after the freeze new projects, however, President Obama announced in February 2010, the government will carry out new projects in the United States nuclear power plant debt guarantees, building nuclear power plants on the restart showed a positive attitude (This message comes from Kyodo News).
India to further open retail
Indian National Congress Party (Gongress)-led coalition Cabinet agreed on Thursday decided to allow foreign multi-brand retailers to hold the joint venture in India, up to 51% of the shares. In the past, the U.S. Wal-Mart Stores Inc. (Wal-Mart Stores Inc.) So that retailers can only be established wholesale joint venture, and now, these companies will be allowed to open supermarkets with Indian partners. Government of India also adjust the rules to allow Nike (Nike Inc.) So single-brand retail hundred percent of the shares held by the Indian subsidiary. The past, they can only build a joint venture with Indian company, and its stake to 51% (this message from Dow Jones).
Beijing approved the establishment of JP Morgan subsidiary of RMB Fund
According to informed sources, the U.S. bank JP Morgan Chase (JP Morgan, JPM), a subsidiary of JP Morgan Asset Management has been approved by Beijing Municipal Government, according to the new qualified foreign limited partnership (Qualified Foreign Limited Partner, referred to QFLP) system set up a scale of 10 billion yuan fund, the company will become the largest to date a foreign RMB fund management company (this message from Dow Jones).
RUSAL will acquire 33% stake in Shenzhen North Investment
Russian aluminum giant United Company Russian Aluminum (United Co. Rusal PLC, 0486.HK, referred to as: the Russian aluminum) on Friday said it has acquired China North Industries Corporation (China North Industries Corporation) under the aluminum sales subsidiary in Shenzhen City, Northern Investment Co., Ltd. (Shenzhen North Investments Corp. Ltd) 33% of the shares reach an agreement. Rusal said in a statement, as a trading company, Shenzhen North Investment Co., Ltd. has over 15 years of primary aluminum in China market experience, the acquisition of shares in the company will effectively promote Russia's aluminum-related products sold in the Chinese market (this message From Dow Jones).
The review found five Hong Kong IPO bank sponsor problems
Hong Kong Monetary Authority (Hong Kong Monetary Authority, referred to as: HKMA) announced on Friday, found that five in Hong Kong initial public offering (IPO) activity of the bank sponsor the work of the inadequacies that exist, the problem related to due diligence review and prospectus level disclosure of information. Hong Kong Monetary Authority for the completion of the JP Morgan Chase & Co. (JP Morgan Chase & Co., JPM), UBS (UBS AG, UBS), HSBC Holdings plc (HSBC Holdings PLC, HBC, referred to as: HSBC), Royal Bank of Scotland Group (Royal Bank of Scotland Group PLC, RBS) and Deutsche Bank (Deutsche Bank AG, DB) review the activities of the sponsor, issued the notice (this message from Dow Jones).
China to open overseas investment platform to be established
According to "China Daily" (China Daily) reported on Saturday, China's State Development Bank (China Development Bank Corp) 's private equity unit said in early December to establish an overseas strategic investment platform. Reported that the National Finance Co. Ltd. to open (China Development Bank Capital Corp.) Will be held next month in Hong Kong and TPG Capital (TPG Capital) and KKR & Co. Signed a strategic cooperation agreement (this message from the "China Daily") .
Hainan Airlines to be transferred 4.575 billion yuan real estate projects
With increasing pressure on China real estate regulation, China's fourth largest airline, Hainan Airlines (600221, stock it) Co., Ltd. plans to divest its multiple real estate projects, total about 4.575 billion yuan. The company announced that Hainan Airlines intends to hold an international tourism island development and construction (Group) Co., Ltd. 33.33% of the shares transferred to the controlling shareholder of Grand China Air Co., the transfer price of 16 billion yuan (This news from Reuters) .
Chow Tai Fook plans Hong Kong IPO financing up to $ 2.8 billion
Dow Jones quoted informed sources as saying that Hong Kong tycoon Cheng Yu-tung under the command of Chow Tai Fook Jewellery Co., Ltd. (Chow Tai Fook Jewellery Co., Referred to as: CTF) scheme by the Hong Kong initial public offering (IPO) financing up to $ 2.8 billion. Informed sources said the plan in accordance with CTF guidance of $ 15-21 per share price range of 1.05 billion shares issued, and the roadshow will start next Monday (this message from Dow Jones).
Special Note: The article reflects only the author, China Economic Net is using only text to provide readers with more information, does not mean that agree with their position. Reproduced and reference this article, please keep power head, marked "from: China Economic Net," and requested the Department on the author's name
RSS Feed