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
A flood of threatened lawsuits against AsiaInfo related to its pending buyout offer mean the bidding could be reopened, resulting in a higher offer price16 May 2013 - 12:28pm
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
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 Pacific, which recently suffered setbacks in a US$8 billion iron ore project in Australia, saw net profit fall 9 per cent year on year to HK$5.48 billion in the first half.17 Aug 2012 - 2:36am
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
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
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 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
CLSA staff hoping for some independence in deal with Citic18 Apr 2012 - 12:00am