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  1. Bank to give HK a miss for IPO

    Posted Sep 28th 2009, 12:00am by Wang Xiangwei

    ... Wang Xiangwei in Beijing Agricultural Bank of China (ABC), the only unlisted bank among the mainland's top four lenders, intends to launch its long-awaited initial public offering in Shanghai only, according to mainland banking sources briefed on the matter. The move will probably be perceived as a snub to Hong Kong and dash the hopes of international investment banks eyeing ...

  2. Corruption in education a key concern

    Posted Nov 02nd 2009, 12:00am by Wang Xiangwei

    ... Wang Xiangwei The mainland leadership's decision to remove unpopular education minister Dr Zhou Ji over the weekend may seem abrupt, but it was not unexpected. It's actually a welcome development. As the central government maps out educational reforms for the medium and long term, Zhou's removal may signal a new start. At 63, he was two years short ...

  3. Long tradition of bribing your way to top jobs

    Posted Jun 15th 2009, 12:00am by Wang Xiangwei

    ... Wang Xiangwei The detention of Shenzhen mayor Xu Zongheng a little more than a week ago came as a surprise to many in Hong Kong, including some top local officials who had toasted him with the fiery spirit Moutai just a few days before. But Mr Xu's fall from grace has hardly come as a surprise to many cynical mainlanders, who have a popular saying that if 100 officials ...

  4. Beijing needs to be sober-minded over oil quest

    Posted Jul 06th 2009, 12:00am by Wang Xiangwei

    ... Wang Xiangwei The mainland's oil ambitions know no bounds, judging from the flurry of mega deals in the past few months. The latest attempt by China National Petroleum Corp (CNPC), the mainland's biggest oil company, to purchase the majority interest in the Argentinian unit of Spanish energy giant Repsol-YPF for US$17 billion has raised more than a few eyebrows at home and abroad, ...

  5. Reinstatement of 'punished' officials is pure farce

    Posted May 11th 2009, 12:00am by Wang Xiangwei

    ... Wang Xiangwei Soon after President Hu Jintao and Premier Wen Jiabao took the country's reins, they faced the first major test of their leadership in March 2003 - the outbreak of Sars and international criticism of the central government's initial attempts to cover up the crisis. But they soon took drastic action by sacking then Minister of Health Zhang Wenkang , and then Beijing ...

  6. Optimism aside, fresh stimulus package needed

    Posted Apr 27th 2009, 12:00am by Wang Xiangwei

    ... Wang Xiangwei How time flies. Until just a little more than one month ago, Premier Wen Jiabao appeared to be one of the few Chinese leaders to preach confidence in the mainland's faltering economic growth since the global crisis began last autumn, with his one-liner 'confidence is more important than gold and currency'. Nowadays Mr Wen has more and more followers ...

  7. Beijing speaks out, reflecting new confidence

    Posted Mar 30th 2009, 12:00am by Wang Xiangwei

    ... Wang Xiangwei For years, mainland leaders pursued the well-worn approach of taoguang yanghui, or hiding its capabilities and biding its time, as far as multilateral global affairs were ... of the need for a new monetary order and reform of the international financial system. It culminated on Friday when Vice-Premier Wang Qishan, the highest official in charge of financial affairs, ...

  8. Time to allow people to vent their frustration

    Posted Jan 12th 2009, 12:00am by Wang Xiangwei

    ... Wang Xiangwei Anyone trying to understand the severity of the mainland's economic downturn, and the mounting anxiety of its leaders, should look no further than the unusual number of trips Premier Wen Jiabao has made to the country's major industrial provinces in the past two months. He visited Jiangsu over the weekend and held meetings with business leaders from ...

  9. Taiwanese tycoon to take stake in ATV

    Posted Jan 29th 2009, 12:00am by Wang Xiangwei, Staff Reporter

    ... Wang Xiangwei and Staff Reporters 'Rice cracker king' offers lifeline Taiwanese billionaire Tsai Eng-meng has agreed to inject funds to shore up the finances of loss-making Asia Television, triggering changes in the broadcaster's shareholding structure, according to informed sources. Mr Tsai, whose net worth is estimated by Forbes at US$2.6 billion, signed a preliminary ...

  10. Plea for UK barrister to handle musical duo's case rejected

    Posted Sep 26th 2009, 12:00am by Staff Reporter

    ... Michael, represented Chan in his tussle with the Chinachem Charitable Foundation over the multibillion-dollar fortune of the late Nina Wang Kung Yu-sum. For Soler, barrister Joyce Leung told ...




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