Be seated: China hopes foreign brokers will boost stockmarkets
Article Abstract:
China's Shenzhen Stock Exchange has successfully invited eight foreign companies to purchase seats for $175,000 each. The agreement is similar to one concluded in Jun 1993 in which 12 firms joined the Shanghai Stock Exchange. China clearly used both offers to make its stock exchanges more attractive to foreigners, who lately been more interested in Chinese companies in Hongkong and New York. However, problems with accounting, disclosure and stock issue quality must be dealt with before foreign confidence in China's stock exchanges will be restored.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Numbers game: cash flows into China are hyped - but still huge
Article Abstract:
Foreign investment in China is booming because of the government's allowance of foreign investment in new sectors. During the first nine months of 1992, foreign investment in China amounted to US$6.6 billion while US$30.6 billion worth of contracts were signed. Although analysts feel that the figures are inflated and that some of the property deals may not materialize, yet the amount of investment is extremely huge.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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Building for a billion: China's rising consumers lure developers
Article Abstract:
The influx of foreign investment especially from Hong Kong into China in such areas as real estate is an indication of increased confidence in the capability of Chinese consumers to spend. This new-found prosperity among consumers in China has given rise to the inking of joint ventures between local and foreign firms that is expected to result in the rise of multifloor shopping centers.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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