About 150 companies will make initial public offerings in China this year and their total financing won't exceed 100 billion yuan ($16 billion), which won't have a major influence on the nation's capital market, according to a report published by Ernst & Young Global Ltd on Monday.
Swiss bankers made their strongest pitch yet to their Chinese peers over the weekend for their country to become a hub for offshore yuan trading.
Editor's note: Bank of China Ltd Chairman Tian Guoli on June 18 addressed a reception to mark the 85th anniversary of the bank's London branch. Following are excerpts from his speech.
China should be disciplined about GDP growth and not overuse available leverage, which can cause distortions, or revert to old growth patterns, especially post-crisis growth patterns, said Michael Spence, professor of economics at the Stern School of Business at New York University and a Nobel laureate in economics.
Outbound mergers and acquisitions by Chinese companies grew at a much smaller pace than the growth in deal volume, which hit a high of $177 billion in China during the first six months of this year, said a report published by global news agency Thomson Reuters on Monday. The report, however, forecasts that outward investment will pick up pace and exceed the total foreign direct investment into China this year.
"Cities are cultural artefacts," says Tom Kvan from the University of Melbourne. "They must reflect the culture of the way people live and wish to live."
Agricultural company makes big splash with unique business model
In Japan, it's not uncommon to see buildings that have been transformed into living structures with gardens and parks incorporated into their frameworks, while homes fitted with solar panels to reduce the energy footprint are also common features.
City-state needs to develop more innovative civic growth strategies
When the Chinese seaside city of Qingdao built a new commercial business district a decade ago, it rejigged the city. The trouble was that the new Central Business District competed with the old one and, for a time, empty offices and living spaces was the norm.
Making the effort to build long-term relationships with Chinese investors can help British companies unlock more opportunities, says British millionaire and city veteran Paul Judge.
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