Yale University, home to the second-biggest North American college endowment fund, is investing $50 million in the first-time Hong Kong share sale of China Railway Construction Corp, said sources.
Even though there's room for more business, China already provides many opportunities for Finnish companies in several sectors including energy saving, environmental protection, paper and pulp, and IT and telecom, Finnish Business Council in Beijing (FBCB) chairman Mikko Harju told China Daily.
Most stocks listed on the mainland rose yesterday but the main index fell as concern about Pudong Development Bank's fund-raising plans hurt banks, and high oil prices hit refiner Sinopec Corp.
Chinese brands are growing at a rapid pace, with some of them getting international recognition, concludes a report by Samsung Economic Research Institute (SERI), citing AOC and Chery as examples.
Hong Kong stocks slid yesterday amid worries that record oil prices could fan inflation risks, damping hopes for more deep interest rate cuts by the US Federal Reserve and depressing rate-sensitive property shares.
Merger and acquisition (M&A) activities will continue to see strong growth in 2008, especially in the local market, analysts said.
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