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November 23, 2009

China's Haitong Securities buys Hong Kong rival

China's Haitong Securities has become the first mainland brokerage to acquire an overseas rival after announcing that it would launch a takeover for Hong Kong's Taifook Securities


November 22, 2009

BBVA set to raise Chinese bank stake

The Spanish banking group is set to invest a further €1.1bn to lift its strategic stake in China Citic Bank and cement its position as one of the leading European investors in mainland Chinese banking


India feels the chill as US warms to China

Attempt to revive good relations amid concerns that India has slipped down on the US priority list


Sands China's $2.5bn flotation falls short

Sands China raised less than its chairman had expected as its pricing power had been constrained in part by the precedent set by Wynn Resorts' Macao spin-off


China coal mine blast death toll reaches 92

Sixteen miners remain trapped after a gas explosion in Hegang in Heilongjiang province


Fund focus: riding the Chinese dragon

Invesco Perpetual's Asian fund targets sectors benefiting from the growth of China, which continues to prove its strength during the downturn


November 20, 2009

Rare earth elements

China has cornered the market in commodities that are arguably as important as oil to a modern economy


Chinese white weddings boost platinum

Chinese brides, who value platinum partly because it goes so well with a white wedding dress, are on course to snap up enough of the metal to make up for a fall in demand from the auto components industry


Block on Minsheng deal costs US $1.7bn

US authorities blocked Minsheng, the Chinese bank, from acquiring a Californian lender in a deal that could have saved almost $300m of taxpayers' money and $1.4bn from an industry insurance fund, say people familiar with the matter.


November 19, 2009

China's banks face overseas pitfalls

Torture case brought in the US reveals the perils that could threaten the overseas' expansion dreams of China's government-owned entities


China can build on the base of its sound banks

Only with proper firewalls between them can banks and capital markets function as two engines of economic growth. If one fails, the other can still carry on, writes Liu Mingkang


A wary willingness

China and America: While Barack Obama may have won Beijing's agreement to collaborate on world problems, his hosts are reluctant to take on the costs of leadership


Chinese consumers embrace gold

Chinese consumers' demand for gold reached record levels in the third quarter but high prices affected demand in other areas of the world


India losing English advantage to China

India is rapidly losing an economic advantage, with the number of Chinese able to speak English now on a par with its rival, a British Council study shows


China blurs bipolar view of the world

The accepted bipolar view of the new world order – a line that magically divides the 'developed' from the 'developing' worlds – has always been somewhat illusory. But now, in the case of China in particular, it has become so inaccurate as to be misleading, writes James Kynge


Minsheng raises $3.9bn from Hong Kong IPO

China Minsheng Banking Corp will raise at least $3.9bn with its Hong Kong initial public offering – but without the support of a high-profile Chinese private equity fund