Business Services Industry

Big brother still calls the shots.

Australasian Business Intelligence, October, 2006

Byline: Stephen Wyatt

Oct 24, 2006 (The Australian Financial Review - ABIX via COMTEX) -- The Chinese Government is selling 15 per cent of the nation's largest bank, the Industrial & Commercial Bank of China. It will be the largest initial public offering (IPO) in the world and comes at a time when Chinese stocks are trading at their highest level in five years. The bank will list on 27 October 2006. So far this year there have been 46 share issues in China, raising $US40 billion, and more are expected. Government changes to the equity structures of listed, state-owned enterprises have removed some of the uncertainty that has weighed on the market in recent years, but some analysts still believe state-ownership is a major problem.

Publication...

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement