The surge of foreign exchange into the mainland last month is expected to ease pressure for monetary loosening in the near term.
But the influx is unlikely to persist, given the gloomy trade outlook and lack of appreciation in the yuan, analysts say.Wednesday, 24 October, 2012, 4:07am
Chinalco Mining, a unit of Aluminum Corp of China (Chinalco), may slash its up to US$1 billion initial public offering in Hong Kong by more than half as it faces lacklustre demand for new shares amid the global downturn.
Chinalco Mining - the nation's largest smelter of aluminium - was close to launching a global share offering to raise between US$800 million and US$1 billion in May.11 Oct 2012 - 3:03am
Investment bank China International Capital Corp (CICC) has cut its forecast for the mainland's economic growth next year from 8.7 per cent to 8.4 per cent, joining peers in lowering expectations amid global weakness.6 Sep 2011 - 12:00am
Shares of China Communications Services Corp dropped 6.04 per cent yesterday after the mainland telecommunications equipment maker raised HK$1.88 billion from an H-share placement last Friday.
The stock closed at HK$5.29, still above the HK$5.25 price of the shares placed with institutional investors.1 Apr 2008 - 12:00am
Morgan Stanley has shelved the sale of its 34.3 per cent stake in mainland brokerage China International Capital Corp in its current form after getting lower than expected offers from potential buyers, sources said.
'It's not moving forward,' said one source who had placed a bid. 'It's on ice.'
Spokesmen at Morgan Stanley and CICC declined to comment.26 Mar 2008 - 12:00am
Li Jiange, a senior official at Beijing's top think-tank, is a serious candidate to head China International Capital Corp (CICC), the mainland's leading investment bank, replacing Jesse Wang, now vice-president of the country's sovereign wealth fund, sources say.15 Feb 2008 - 12:00am
Investment banking fees surged 50 per cent to US$4.08 billion on the mainland last year, buoyed by record share issuances in the world's biggest market for public listings.
The equity markets accounted for 58.5 per cent of banks' earnings, with fees earned from advising on mergers and acquisitions making up most of the rest, according to data from Thomson Financial.3 Jan 2008 - 12:00am
China Construction Bank, the mainland's fourth-largest commercial bank by consolidated total assets, plans to form a new securities company when domestic regulations allow it, chairman Guo Shuqing said.28 Aug 2006 - 12:00am
Investment bank will handle disposal of government stakes under power reform
The State Electricity Regulatory Commission (SERC) has hired mainland investment bank China International Capital Corp (CICC) to help it sell more than 10 billion yuan worth of power generation assets owned by the central government, industry sources said.9 Aug 2006 - 12:00am
China International Capital Corp, in which Morgan Stanley owns a 34 per cent stake, posted an 18 per cent fall in first-half net profit, dragged down by a slump in its underwriting business, according to the company's internal report.18 Jul 2006 - 12:00am
About a year ago China International Capital Corp (CICC) maintained its 'hold' recommendation on Huaneng International Power after China's biggest independent power producer said its generation volume in 2004 increased 26 per cent over 2003. It generated 114.3 billion KWh in 2004.26 Feb 2006 - 12:00am
Public offering of the mainland's oldest securities house could jump-start a staff incentive scheme
China International Capital Corp (CICC), the mainland's oldest and most successful Sino-foreign joint-venture investment bank, may go public next year to become the first Hong Kong-listed mainland securities house.16 Feb 2006 - 12:00am
Pioneer Sino-foreign joint venture adds brokerage, asset management services to meet competition
China's earliest Sino-foreign joint venture investment bank, China International Capital Corporation (CICC), plans to raise fresh capital to support an expanded business scope amid intensifying competition.17 Sep 2005 - 12:00am
An announcement by Huaneng International Power that its generation volume last year increased 26 per cent over 2003 has promoted China International Capital Corp (CICC) to maintain its 'hold' recommendation on the stock.
China's biggest independent power producer said it generated 114.3 billion KWh in 2004.16 Jan 2005 - 12:00am
No one will face disciplinary action for errors in the allotment result announcement of China Life Insurance's initial public offering in December last year, according to the Securities and Futures Commission (SFC).9 Apr 2004 - 12:00am