Posted in Chinese Corporations, In English, China, news on Apr 15th, 2008 No Comments »
NYSE Euronext likely to launch A-share IPO in China
NYSE Euronext will likely become the first foreign company to launch an initial public offering of A shares in mainland China, Caijing magazine reported Tuesday, citing an unnamed official at the China Securities Regulatory Commission.
Posted in In English, China on Apr 10th, 2008 No Comments »
Ranking of Chinese Law Schools by Scholarly Impact (Citations)
Beijing University Law School １４０４
Renmin University Law School ９３０
Wuhan University Law School ９００
China University of Political Science and Law ８２７
Zhongnan University of Economics and Law ６１８
From 中国人文社会科学学术影响力报告２０００－２００４, by 南京大学中国社会科学研究评价中心. See:
http://news.xinhuanet.com/legal/2007-10/19/content_6905868.htm
Posted in In English, comments on news, China, Comments on Apr 9th, 2008 No Comments »
In the name of “socialist new village” movement, China’s provinces, such as Jiangsu, have been confiscating peasants’ houses and lands without giving them reasonable compensation since 2006. In these provinces, peasants were mandated to move to the concentrated residence, assigned a unit of the government-built apartment building, and given a pathetic amount of monthly stipend […]
Posted in Chinese Corporations, In English, China on Apr 9th, 2008 No Comments »
From the FT, By Geoff Dyer and Richard McGregor
When the Aluminium Corporation of China acquired a 9 per cent stake in Rio Tinto last month, the Chinese state-owned company pulled off a number of firsts. Not only was it the biggest ever overseas investment by a Chinese group, it was also the largest ever dawn […]
Posted in in Chinese, 中文, China, Comments on Apr 9th, 2008 No Comments »
媒体近来风传未来100天是房地产企业的生死考验。传言的源头是一家房地产企业大亨，他认为“现在中国国内是从紧的货币政策，国际资本市场这条路又被堵死了，”而房地产企业一向靠“股市融资、圈地，再融资、再圈地……”这样左手圈钱、右手圈地的“把戏”赚钱，一旦资金不足，必定有公司倒闭。
今天传来华程房产顺利融资的消息，似乎表明了这个预测的失败。如果预测者不是有意误导大众的话（不排除其为达到商业目的而利用媒体炒作），那么他首先低估了全球化时代海外金融市场对中国经济的敏感度，其次高估了中国金融监管的力度，再次看错了监管者要达到的目标。 海外金融市场对中国市场的利润增长点有清晰的认识，既然为房产业目前是最赚钱的行业，为房产企业提供融资可以分享其利润，它当然不会错过机会。中国金融监管当下致力于收紧银根，但力度只及于国内银行，还不致完全掐断房产业的融资。监管者的目标是避免国内银行继续介入房产业导致房产泡沫，而不是强制目前的房产业洗牌。
当然，失败不表明预测者的不明就里。相反，只有精通行内规则、了解中国金融监管的明白人，才能做得出这样的判断。事实上，中国金融监管确实有能力让整个房产业重新洗牌。一旦收紧银根，恒大等房产企业巨幅扩张的脚步立即停顿，资金数日不畅就会立即罹于破产。而此前，由于国内银行对地产的贷款不限量，房产企业可以凭空造出巨大财富–国内可不止碧桂园一家走出了世界级的亿万富翁。
中国国家权力对财富分配的决定性影响，在房产业表露无遗。
附：有关华程房产
NYSE Euronext’s Alternext Welcomes Huacheng Real Estate
(08/04/08)
Posted in Chinese Corporations, In English, China, news on Apr 8th, 2008 No Comments »
Please click here or go to:
http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3996819n
Posted in Chinese Corporations, in Chinese, 中文, China on Apr 7th, 2008 No Comments »
from:韦森：中国经济忧思
一个更令人担心的问题，在于与国家基本制度结构所密切关联着的财税体制和近些年的政府财税政策。去年，中国GDP增长了10.6%，但政府财政收入却从 3.9万亿元增加到5.13万亿元，增幅达31.4%，近三倍于GDP的年增长速度。而且，这5.13万亿元财政收入还仅仅是我们称之为“第一财政”的政 府财政收入。如果把各地政府的收入——也就是所谓“第二财政”以及预算外收入、制度外收入算进来，肯定远大于这个数字。
最近，中央党校周天勇教授在《新京报》上发表的一篇文章估计，2007年中国各级政府全部财政收入实际高达9万亿元，占GDP总量的36%以上。另 外，2007年财政部还发行了两万多亿元国债。因此，在2008年24.66万亿元的GDP总量中，有11万多亿元控制在政府手中，占GDP总量的44% －45%。这些数字实际说明，在近些年中国市场化改革进程中，政府控制社会的力量正在急剧增强，在某些方面甚至比过去计划经济时期还强大。譬如，在“文 革”发生后的计划经济时代里，政府财政收入占GDP的比例大多都在三分之一以下。
Posted in Chinese Corporations, In English, China on Apr 5th, 2008 No Comments »
FT recently published a comment named Chinese board games are confusing. Of course it is not about board games. The board here refers to Chinese corporate board. The comment basically says that the two mandatory boards required by law in China–the board of directors and the supervisory board–overlap in function. The overlap then confuses investors […]
Posted in In English, China, Comments on Apr 5th, 2008 2 Comments »
Recently China’s economic diplomacy has caused much criticism from the international community. While rich democratic countries emphasize human rights and environmental standards when they pursue their development agendas in Africa, the Middle East, etc., China is viewed to be taking a strategy that focuses primarily on trade, investment and infrastructure without any concern for human […]
Posted in Chinese Corporations, in Chinese, 中文, China on Apr 3rd, 2008 No Comments »
王军：整体上市的变迁
发表时间：2008-3-7 10:19:00
在已经过去的2007年，公司整体上市受到市场关注。今年，依然有许多“央企”把整体上市列入日程。