Abstracts » Business, international

City regains its luster

Article Abstract:

A resurgence is being experienced by the Hong Kong gold market following the Southeast Asian currency crisis. The economic situation in the region has resulted in an outpouring of new gold from countries such as South Korea, Thailand, and Indonesia in exchange for much needed foreign reserves. Higher gold prices, reported at about $288 an ounce, have rejuvenated the stagnant gold trade industry. Gold is also being smuggled into China where it reportedly sells for about $40 more per ounce.

Commodity Exchanges, Metal Ore Mining, Gold and Silver Ores, Gold & Silver Ores, Economic aspects, Prices and rates, Gold industry, Southeast Asia, Gold ores, Silver ores

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China's Class B shares don't make the grade for foreigners

Article Abstract:

Investors are still reluctant to invest in China's Class-B share market because the companies are too small and there is a prevalence of an unclear regulatory environment where domestic investors dominate trading. China hopes to attract foreign investors to buy their Class-B shares by floating several state-owned companies. The companies in the Class-B market include Nantong Smooth Sail Container Corp., Wuhan Boiler Co., Hangzhou Steam Turbine Co. and Qingdao Haier Refrigerator Co.

Misc Stock Exchanges, Economic Programs-Total Govt, Administration of Economic Programs, China, Foreign investments, Stock exchanges, Economic policy, Economic development, Government business enterprises, Public enterprises

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Huaneng Power shares may seek help in Hong Kong

Article Abstract:

Chinese power company Huaneng Power International is planning a second listing at the Hong Kong stock exchange after its dismal performance on the New York stock exchange. Huaneng Power failed to capture the US financial markets, with the stock remaining at almost its introductory price of $20 per share. Huaneng Power's decision to enlist at the Hong Kong exchange is prompted by the vigor of the market and the potential of Chinese investors to prop up Huaneng's stock prices.

Securities Exchanges, Electric utilities, Exchanges, Securities listing, Huaneng Power International Inc.

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