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  1. Shipbuilder eyes growth from offshore products

    Posted Nov 08th 2010, 12:00am by Amanda Lee

    ... carriers and drilling rigs. Rongsheng won a 951 million yuan (HK$1.1 billion) contract in 2007 from CNOOC, the mainland's biggest offshore oil explorer, to build a dynamically positioned ... Amanda Lee China Rongsheng Heavy Industries Group Holdings, which is raising up to HK$17.68 billion in a share sale, says it will grow revenues by making offshore engineering products. ...

  2. US think tank urges bilateral investment pact

    Posted Apr 17th 2010, 12:00am by Denise Tsang

    ... pact have come at a time when Sino-US trade relations are being strained by the yuan exchange rate, trade protectionist measures and China's large trade surplus. A survey by the American ... National Offshore Oil Corp (CNOOC) for American oil firm Unocal in 2005 and the US$2.2 billion offer by telecommunications solution provider Huawei Technologies for US Internet equipment maker 3Com ...

  3. China offshore borrowing hits record

    Posted Jul 29th 2005, 12:00am by Andy Chen, Jamil Anderlini

    ... Jamil Anderlini in Beijing and Andy Cheng Acquisitions and speculation on yuan revaluation help increase lending to US$3.8b so far this year China's offshore borrowing levels have ... offshore. Many firms have nonetheless managed to acquire loans abroad, enabling them to purchase yuan at rates widely seen as unsustainably cheap. Yuan revaluation makes foreign currency loan ...

  4. Pension fund to invest 73b yuan more overseas

    Posted Dec 18th 2009, 12:00am by Staff Reporter

    ... system amid an ageing population. A World Bank report said China would face a nine trillion yuan shortfall in its pension fund by 2075 due to a rising number of retirees. Trading up Beijing ... Daniel Ren in Shanghai The national pension fund plans to spend a further 73 billion yuan (HK$82.92 billion) for overseas investment, part of Beijing's efforts to direct capital ...

  5. China National secures 7.5b yuan Hainan deal

    Posted Apr 19th 2005, 12:00am by Eric Ng

    ... Eric Ng Project will involve a 140MW power plant and 360km distribution network China National Offshore Oil Corp has signed a 7.5 billion yuan deal to develop its fifth liquefied natural ... power plant in Hainan from 49 per cent to 95 per cent by buying a 46 per cent stake from government-owned Hainan Power for 580 million yuan. The plant will change its fuel from offshore natural ...

  6. HKEx profits dip in third quarter

    Posted Nov 11th 2010, 12:00am by Enoch Yiu

    ... Arculli said the expansion of the yuan trade settlement in Hong Kong and the development of yuan investment products in Hong Kong would help Hong Kong become an offshore yuan trading centre. 'At HKEx, we will continue to introduce mainland-related products to expand our China dimension. We are also modifying our infrastructure to support the trading of yuan products in our ...

  7. Beijing guides to cut overseas investment risk

    Posted Apr 11th 2009, 12:00am by Staff Reporter

    ... overseas investment,' said Mei Xinyu, a researcher at the ministry's Research Institute of Foreign Trade and Economic Co-operation. 'China isn't likely to respond to those western nations who were hostile to mainland acquisitions before 2007.' China suffered a setback in its 'go out' campaign in 2005 when offshore oil producer CNOOC's US$18.5 ...

  8. Business - Banking & Finance - BANKING

    Are China's Big Four banks primed for an offshore plunge?

    Posted Oct 16th 2012, 12:00am by PHOENIX KWONG

    ... for an offshore plunge? As the euro-zone debt crisis deepens, market speculation is growing quickly about whether China's capital-rich Big Four banks will take the rare chance to acquire some ... banks did have the potential and interest to buy offshore but CCB's reaction to the Financial Times' story indicated they didn't want to make their ambitious too obvious, a move ...

  9. Anshan Steel puts US plan on hold

    Posted Aug 20th 2010, 12:00am by Eric Ng

    ... into political opposition. The most high-profile case was offshore oil producer CNOOC's withdrawal of a US$18.5 billion bid for Unocal five years ago amid stiff opposition from US politicians. ... exports. Angang has posted a first-half net profit of 2.76 billion yuan (HK$3.15 billion), compared to a loss of 1.55 billion yuan in the year-earlier period. ...

  10. Sinopec takes lead in race for Tanganyika Oil

    Posted Sep 22nd 2008, 12:00am by Staff Reporter

    ... underdeveloped fields. The company's shares trade in both Toronto and Sweden. In Toronto, its shares are up 47.65 per cent this year but took a hit last week amid the overall market volatility. One ... to Russia,' said Larry Grace, energy analyst at Kim Eng Securities. Sinopec and China National Offshore Oil Corp, the mainland's largest offshore oil company, are also facing off against ONGC ...




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