China
JPMorgan Hires Linklaters Asia Managing Partner Zili Shao as China Chief JPMorgan Chase & Co. said it hired
Zili Shao from law firm Linklaters LLP as chairman and chief
executive officer of its China operations.
Longyuan Power Said to Seek Up to $2.3 Billion in Hong Kong Initial Offer China Longyuan Power Group Corp. may
raise as much as HK$17.5 billion ($2.3 billion) in the world’s
third-largest alternative energy initial public offering since at
least 1999.
Chinese Regulator Denies Telling Banks to Raise Capital Adequacy Ratios China’s banking regulator denied
telling “large” banks to raise their capital adequacy ratios,
describing media reports of such a requirement as a “rumor.”
Origin Agritech Jumps After China Approves Seed Producer's Modified Corn Origin Agritech Ltd., China’s third-
biggest seed producer, surged in Nasdaq trading after the
company won approval to sell the nation’s first genetically
modified corn seed.
China Stocks to Rally as Yuan Strengthens in 2010, Greenwoods Asset Says Chinese shares may rise as much as
35 percent next year as the yuan strengthens and earnings growth
accelerates, according to Greenwoods Asset Management, manager
of this year’s best-performing Chinese long-short equity fund.
Industrial Bank to Raise $2.6 Billion in Rights Offer to Meet Loan Demand Industrial Bank Co. plans to raise
18 billion yuan ($2.6 billion) in 2010 in the third-largest
share sale announced by a Chinese lender this year to ensure it
has enough capital to meet increasing loan demand.
Rising Costs in China, Demand Will Support Aluminum Prices, Macquarie Says Aluminum prices will be supported
for the next three years by rising production costs in China,
the biggest producer, and a recovery in global demand, Macquarie
Securities Ltd. said.
Texas Pension Fund Plans $200 Million Investment in Private Equity in Asia Teacher Retirement System of Texas,
the seventh-largest U.S. public pension fund, will invest $200
million in private equity in Asia, whose economies are leading
the world out of a recession.
Hong Kong Stocks Gain on 10% Growth Forecast for China; CCB, Lenders Rise Hong Kong stocks advanced for the
first time in five days after the head of China’s top economic
planning agency pledged to maintain “consistent, stable”
policies to boost growth.
Far East Golden Seeks 10 Times Market Capitalization for Hybrid-Car Plans Far East Golden Resources Group Ltd.,
headed by Yeung Yung, who fled China in 2002, is seeking 66
billion yuan ($9.7 billion) to build hybrid cars in the country,
a sum about 44-times its market capitalization.
Hong Kong Regulator Bans Former CLSA Banker for Life for Insider Trading Hong Kong’s Securities and Futures
Commission banned former CLSA Asia-Pacific Markets investment
banker Allen Lam from the industry for life following his
conviction in July for insider trading.
Death Toll Increases to 104 in China's Worst Mining Accident in Two Years The death toll from China’s worst
coal-mine disaster in almost two years rose to 104 as
authorities criticized safety lapses and dismissed senior
management of the pit in the country’s northeast.
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