American investors hopeful the Chinese government’s deep, wide-open pockets will come to the rescue of ailing U.S. stocks may not be happy to hear this news. From Reuters: After China’s state-controlled CITIC...
by Kate Zhao | Mar 18, 2008
From Xinhua via People’s Daily online : China’s CITIC Securities Co. is to cancel a deal to buy into Bear Stearns after news that the fifth largest investment bank in the United States is to be bought out by JPMorgan...
by Mo Ming | Jan 1, 2007
From AP via The New York Times: China, which is aggressively seeking overseas energy assets to run its booming economy, said Sunday that one of its biggest conglomerates had bought the Kazakhstan oil assets of a Canadian company for $1.91 billion. The CITIC Group of China bought the oil assets of the Nations Energy Company […]
by Xiao Qiang | Oct 26, 2006
From Reuters: China’s CITIC Group, a diversified state-owned investment vehicle with few oil interests, furthered Beijing’s drive for overseas energy assets on Thursday with the $1.9 billion purchase of a large Kazakh field. It has agreed to buy the Kazakh oil assets of Canada-based Nations Energy Co Ltd., the cornerstone of which is the Karazhanbas […]
by Mo Ming | Jul 28, 2006
From International Herald Tribune: Citic Group, China’s biggest state-run company, announced the retirement of its chairman, Wang Jun, on Thursday, triggering a government-directed management reshuffle among the country’s biggest financial institutions. Wang will be replaced by Kong Dan, president of the company, which is based in Beijing. Replacing Kong as president and vice chairman of […]
by Mo Ming | Jun 17, 2006
From Xinhua via China Daily: China CITIC Bank is planning a share listing in Hong Kong by the end of this year, followed by another share offering in China’s inland market, its president said on Friday. CITIC is joining a Chinese bank listing parade ahead of the full opening of China’s financial market to foreign […]
CDT in the News
- The Philadelphia Inquirer – China steps up online controls with new rule for bloggers
- Mind Matters – For Five Days There Was Free Expression in China
- Hoover Institution – Xiao Qiang On China’s Model Of Digital Authoritarianism
- New York Times – In China, an App Offered Space for Debate. Then the Censors Came.
- Taiwan CNA – China blocks Clubhouse, official media say “anti-China has nothing to do with free speech”