China Investment 2011
TAIPEI Chinatrust Financial , Taiwan's top credit card issuer, plans to team up with China Development Bank (CDB) in asset management, private equity and venture capital, its China business chief said on Wednesday.
HONG KONG Dynasty Fine Wines Group Ltd , in which French spirits group Remy Cointreau SA owns a 26.96 percent stake, said it is cautious on full-year earnings and for the first half of 2012 as the Chinese wine maker reforms its sales channels.
HONG KONG Macau gaming company Galaxy Entertainment Group Ltd , 12 percent owned by European private equity firm Permira, is maintaining a robust outlook for the world's largest gambling destination, aiming for growth to beat an industry consensus of 15-20 percent growth in 2012, a top executive said on Tuesday.
HONG KONG New Hope Group Co Ltd , China's largest animal feed producer, will launch an overseas fund this month with international investors, including Singapore's Temasek Holdings Pte Ltd , President Liu Yonghao said.
BEIJING China will not cut interest rates or the amount of cash banks must hold as reserves in the first half of 2012 despite a sharp property market slowdown that could push first quarter economic growth below eight percent, Nomura's top China economist says.
BEIJING China's Harbin Bank, a regional lender focused on micro financing in the country's northern tip, hopes to complete a stock listing within three years, a senior executive said on Tuesday.
HONG KONG Germany's SAP AG , the world's biggest maker of business software, is open to acquisitions in Asia and plans to hire more in the fast-growing China and India markets, a senior executive said on Monday.
SHANGHAI Standard Chartered Plc wants to boost its consumer business in China, focusing on wealthy individuals, and hopes to see further opening of the market to foreign banks, its China head said on Monday.
HONG KONG Lenovo Group Ltd , the world's No.2 PC brand, aims to maintain its profit margin in coming quarters despite floods in Thailand disrupting hard disk drive supplies, its chief financial officer said on Monday.
HONG KONG High-end Chinese fashion retailer Ports Design Ltd said on Monday that it is on track to achieve its 10 percent network expansion target for 2011.
SHANGHAI HSBC's China fund venture said it would broaden its product line over the next five years to meet rising demand for cross-boarder investment, betting internationalization would be a new engine of growth for the country's stagnant mutual funds industry.