Citic Group

After Citic, who’s next among Chinese state firms to take their mega deals to Hong Kong?

The lobby of Peace Hotel, owned by Jin Jiang International, which once considered listing through its Hong Kong unit. Photo: Bloomberg

Investors are keenly watching for the next state-owned enterprise to follow in the wake of Citic’s ground-breaking restructuring, in which Citic Pacific will mount a US$36 billion reverse takeover of its parent.

Thursday, 3 April, 2014, 4:57am

AsiaInfo-Linkage buyout: a lawsuit magnet

A flood of threatened lawsuits against AsiaInfo related to its pending buyout offer mean the bidding could be reopened, resulting in a higher offer price

16 May 2013 - 12:28pm

Reshuffle paves way for new BOC chief

Bank of China (BOC), the mainland's largest foreign-exchange lender, will soon have a new chairman, following the appointment of Tian Guoli as party secretary on Monday.

29 Aug 2013 - 4:13am

Letters to the Editor, September 15, 2012

Concerns raised over Carrie Lam. Photo: Felix Wong

Ban creates commercial uncertainty

It is not just Hong Kong seafood traders who should be upset about Cathay Pacific's interpretation of "sustainability", and the trade sanctions it justifies with it ("Angry merchants protest against Cathay Pacific's shark-fin ban", September 8).

15 Sep 2012 - 1:17am

Citic Securities stock falls as firm buys into CLSA

Shares in Citic Securities dropped yesterday following news that the mainland investment bank will purchase a minority stake in Hong Kong-headquartered brokerage CLSA.

In Hong Kong the stock fell 7.3 per cent to HK$13.48, while the Shanghai share price fell 4.1 per cent to 12.30 yuan.

24 Jul 2012 - 12:00am

Inside trader says he made 'only' HK$1.7m on deals

The man convicted of Hong Kong's biggest insider dealing case yesterday argued in the Court of Appeal that he made 'only' HK$1.68 million in profit from his HK$87 million of illegal trades, in a bid to reduce the fine.

28 Apr 2012 - 12:00am

Jailed banker 'borrowed huge sum to buy shares'

Former Morgan Stanley managing director Du Jun (pictured) borrowed a huge amount to buy Citic Resources shares in 2007, which could be strong evidence that he conducted insider deals, the Court of Appeal heard yesterday.

Du is appealing against a District Court verdict in 2009 convicting him of insider dealing. He was jailed for seven years and fined HK$23 million.

27 Apr 2012 - 12:00am

Haitong raises HK$13b in new listing

Haitong Securities has raised HK$13 billion in Hong Kong's biggest initial public offering (IPO) since December, a market source said yesterday.

21 Apr 2012 - 12:00am

Lai See

CLSA staff hoping for some independence in deal with Citic

18 Apr 2012 - 12:00am

Beware of offshore rules, titan warns

Mainland companies need to be alert to regulatory differences on employment and project management when operating in the mining industry overseas, or risk budget overruns and delays, warns the chief of one of the nation's biggest engineering and construction firms.

12 Mar 2012 - 12:00am

Citic has HK$10b to buy oil and coal resources

Armed with HK$10.78 billion in cash, Citic Resources Holdings is seeking to acquire coal and oil resources in China and other countries.

6 Mar 2012 - 12:00am

Citic Dameng looks to acquire South African manganese mines

Citic Dameng, which controls nearly a third of all manganese reserves on the mainland, is searching for manganese mines tio acquire in South Africa.

China is the world's largest steel producer and currently relies on imports of manganese, which is essential in the production of iron and steel.

3 Mar 2012 - 12:00am

Princeling Zeng helping state firm raise funds

Jeffrey Zeng, the son of former vice-premier Zeng Peiyan, is helping CITIC Capital raise a US$150 million venture capital fund that focuses on domestic small and medium-sized enterprises (SMEs). CITIC Capital is an investment unit of China's sovereign wealth fund.

1 Mar 2012 - 12:00am

Telecoms investment surge boosts Beijing firm

A new wave of investments by mainland telecommunications network operators is expected to boost sales this year for AsiaInfo-Linkage, the biggest information-technology services and software provider to the domestic telecoms industry.

15 Feb 2012 - 12:00am

Citic Pacific's second bid to halt fraud inquiry fails

Citic Pacific, the Beijing-backed steelmaker and property developer, yesterday lost a second bid to block a police fraud investigation into its failure to disclose a HK$15.5 billion loss immediately in 2008.

The Court of First Instance allowed police to access documents it seized from the Hong Kong-listed company in a raid in 2009.

20 Dec 2011 - 12:00am