| China eyes $5bn railway IPO The Chinese government has hired two foreign banks to arrange the public listing of a railway holding company in an IPO that could be worth as much as $5 billion  Shanghai breaks 3,000 barrier Properties led the advance as Chinese stocks jumped past the 3,000 mark this week for the first time in 13 months Chinese talk to Repsol about Argentine arm Spanish oil company and two biggest mainland oil groups in talks over possible asset purchases and joint ventures China's corporate debt sales overtake Japan Record issuance of bonds – $96.7bn in the first half of 2009, compared with Japan's $76.3bn – reflects the incremental steps Beijing is making to expand the market Disney to pump new funds into HK park Walt Disney has agreed to finance a $467m expansion of its struggling theme park in Hong Kong to lure more visitors, following two years of "challenging" negotiations with the territory's government Exiting the dragon World finance: As battered western banks sell down stakes in China's big lenders, their ambitions to profit from the world's biggest emerging market are in jeopardy Beijing moves to tempt multinationals China is offering financial incentives for companies that locate their regional headquarters in the capital, intensifying its pitch even as the crisis cools investment ardour China lifts fuel prices to record levels China unexpectedly increased gasoline and diesel prices, raising them for the third time since late March to their highest level ever, a move which will aid top refiner Sinopec and to a less extent Petrochina China poses questions for Bric economies The country's strong equities showing contrasts with that of the other big emerging markets Chinese IPOs The resumption of festivities is long overdue, but more important is the regulatory overhaul that accompanies it GDB executives held in police custody Police have detained Wang Xin, vice-president, and another unnamed department head of Guangdong Development Bank, in which Citigroup owns 20%, on suspicion of economic crimes Addax takeover to take Sinopec into Iraq The Toronto-listed independent oil producer, which has interests in Africa and Iraqi Kurdistan, has agreed to a C$8bn offer from Sinopec, the Chinese state-owned oil group Sinopec / Addax Sinopec has obediently followed Beijing's recent orders to its three big energy companies: go forth and bring me oil China trade spat Beijing's trade row with the rest of the world is Punch and Judy politics, the significance of which is the nation's growing engagement with the WTO China says it finds Asia's biggest ore mine China says it has found Asia's biggest iron ore deposit in its northeast region, just as Chinese steel mills enter the finale of crucial talks over pricing with global ore suppliers News Wizard |