Hong Kong set for more mainland listings

At least eight more mainland companies have mapped out Hong Kong listing plans to raise as much as US$3.05 billion this year.

Trends in China's use of foreign capital

Overseas investors should see the changes in several trends in China's use of foreign capital, if hoping to succeed in their business here.

Huaxia Bank Co Ltd posted an unaudited 2006 net profit of 1.457 billion yuan (US$188 million), up 13 percent from 2005.

China should let selected investors borrow money to buy the country's exchange-traded funds (ETFs), the Shanghai bourse said.

The Agricultural Bank of China (ABC) will have its capital increased by Central Huijin Investment Co in the first half of this year.

Standard Chartered Bank will provide staple commodity derivatives to Chinese enterprises to help reduce losses from price fluctuations.

Deutsche Bank said it favors banking, infrastructure, health care, consumer goods sectors in its 2007 China investment strategy.

International financial giants are lobbying Chinese regulators to let them trade the nation's pioneering stock-index futures.

The two stock exchanges issued emergency notices ordering brokerages to upgrade online trading systems.

China CITIC Bank plans to go public on the mainland and in Kong Kong simultaneously in the first half of this year, raising HK$21.8 billion.

Beijing Jingkelong Co Limited plans to migrate its H-share listing to the main board of the Hong Kong Stock Exchange.

Foreign investors are vying for a stake in Beijing Wangfujing Department Store (Group) Co Ltd, China's top Shanghai-listed retailer.