Europe’s largest carbon credit exchange is planning a joint venture with China Beijing Environmental Exchange (CBEEX) to take advantage of the potential approval of secondary carbon trading in China. Bluenext, which is jointly owned by NYSE Euronext and French state-owned bank Caisse des Dépôts, hopes the deal will position it to take advantage of the [...]
China expressed “strong dissatisfaction” over the approval of an Asian Development Bank loan to India that it said involved a territorial dispute between the countries. The US$2.9 billion India Country Partnership strategy approved by the ADB includes a US$60 million watershed protection project in the disputed Arunachal Pradesh region, which lies east of Bhutan. China [...]
The China Internet Illegal Information Reporting Center (CIIRC) criticized Google for allowing access to pornographic materials through its Chinese website. The CIIRC, a non-governmental agency backed by the Ministry of Industry and Information Technology, said Google was “disseminating large amounts of pornographic and vulgar information” through its Google.cn page, although it provided no examples. A [...]
Beijing may allow corporate bonds to be once again issued on mainland stock exchanges. Concern over the markets’ ability to handle new supply led Beijing to impose an unofficial moratorium on the issuance of corporate bonds in September. Initial public offerings have also been suspended. Bond issues would resume after the publication of new rules [...]
PetroChina is involved in discussions to make its first investment in a European refiner. The state oil firm, which is involved in both oil production and refining, is said to be considering an investment in a refinery in Grangemouth, Scotland, owned by private chemicals group Ineos. The group, which is struggling to pay off debts [...]
Former People’s Bank of China governor Dai Xianglong said China retained the option of increasing its holdings of US Treasury debt if the dollar remained stable. Dai, the current chairman of the National Social Security Fund made the comments in an essay published in the state-backed China Finance magazine. The essay comes a week after [...]
China Investment Corp (CIC) may put US$500 million into a hedge-fund unit of private equity firm Blackstone Group. The move comes as Lou Jiwei, chairman of the sovereign wealth fund, is trying to take advantage of opportunities in a relatively low market. The investment is said to be one of a number of hedge-fund investments [...]
The World Bank said China’s economy would grow 7.2% in 2009, in an upward revision from its previous forecast of 6.5%. In its latest quarterly report, the bank pointed to high levels of lending and a loose monetary environment in making the change. “The massive monetary impulse will fuel economic growth in coming quarters. I [...]
