Reading Time: < 1 minute Business week: Summary Box: China’s AgBank IPO nabs $19.2 billion. Wiki; Official web site of Ag Bank China’s (ABC, 中国农业银行股份有限公司). (source: ForeignHR) Bear case Ag bank of China primarily serves the less-developed regions and people in China: the rural areas, the villages, the farmers and peasants, the agriculture related business. Since the founding of People’s
Reading Time: < 1 minute I felt I have to say a few words about that day. After all, some friends back home have already express that in various means. Today marks the twentieth anniversary of that day, a lot good things have happened to my home country in last 20 years. The giant US corporations are making money in
Reading Time: 2 minutes 四川腾中重工(in Chinese, Sichuan Tengzhong Heavy Machinery) The little known Chinese Co. who bought Hummer brand from GM yesterday (News: Bloomberg; Reuters; Tengzhong web site). Quote Reuters: Tengzhong, formed in 2005 through several mergers, makes special-use vehicles such as dump trucks and fuel tankers, as well as construction machinery, energy equipment, and structural components for highways
Reading Time: < 1 minute I knew about Huntsman (the company) because of last year’s private equity back out from announced acquisition. And I knew Jon Huntsman Sr. found Huntsman Cancer Institute, besides founding the Huntsman chemical company. I didn’t know Jon Huntsman Jr. is a moderate (pragmatic) republican, and he and his wife has adopted a baby girl from
Reading Time: < 1 minute On Nov 17, Baidu (Nasdaq: BIDU), China largest web search company got a huge blow in the market as the news of “Baidu placed “faked doctors and drug ad” broke (see BW for more details). This reminds me of the Focus Media (Naqdaq: FMCN) Spam text messaging story about 7 months ago. In both cases
Reading Time: < 1 minute My initial thought China announced a giant $586 billion economy stimulus package a few days ago. My first response was not warm to it: I always think the Chinese goverment should invest in “Education and healthcare”. Infrustructure? Did not China already get really good infrustructures in the coastal areas including Beijing? China’s economy problem is
Reading Time: 2 minutes According to Chinese news, China Mobile’s ultimate parent, the China State Asset Management Co. (CSAM), took 50 billion Chinese Yuan (about 7.30 billion USD) from China Mobile Group (the parent of China Mobile Limited, NYSE: CHL; HKSE:0941), and gave it to China Telecom. For CSAM, this is merely put money from left pocket to right
Reading Time: < 1 minute Ross Perot is a fun guy. He was known for founding the IT service giant EDS, sending in team to rescue EDS employee kidnapped in Iran, and his presidential bid in 1992, among other things. Here is his Wiki entry. I found his opinion on China economy growth when I searched “Ross Perot McCain” and
Reading Time: < 1 minute A subdued Olympics rally? The Olympics is coming. But we are not seeing much sign of an Olympics stock market rally, both in Shanghai, or in New York. The Shanghai composite index is barely above 52 week low, at around 2800 to 2900 range. Two of the Beijing 2008 Sponsors, China Mobile (NYSE: CHL) and
Reading Time: 2 minutes Apple launched its first China store in Beijing last Saturday, with 2000 fans waiting outside, including some celebrity names such as Lu Yu (Phoenix TV), Cui Jian (China rock star) etc. You can see the scenes of Apple launch at Sina (Chinese), or preview pictures at David Feng. The Sina picture reminds me of the
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