Monthly Archives: September 2014
1. Cover story
2. Economy outlook
3. Financial strategy
4. Legal spotlight
5. Point of interest
7. Remark from editor
Alibaba Group Holding Limited (“Alibaba Group”) (NYSE:BABA) started trading on the 19th of September on the New York Stock Exchange (NYSE). On the 18th, Alibaba announced the pricing of its initial public offering (IPO) of 320,106,100 American depositary shares (“ADSs”), each representing one of its ordinary shares, at a price to the public of US$68 per ADS for a total offering size of approximately US$21.77 billion, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs began trading under the symbol “BABA.” Alibaba Group is offering 123,076,931 ADSs, and the selling shareholders are offering 197,029,169 ADSs. Continue reading
The Report on Statistics of China’s Outbound FDI 2013 (hereinafter referred to as “the report”), jointly released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange on September 9, officially announced the statistics of China’s outbound FDI in 2013. The report is constituted by six chapters of introduction, characteristics of China’s outbound FDI, China’s FDI in main economies, components of Chinese investors, regional and industrial distribution of China’s outbound FDI investors, and comprehensive statistics.
China’s outbound FDI in 2013 took on features as follows according to the report: Continue reading
The Chinese Ministry of Commerce has recently issued the Opinions on Accelerating Construction of Credit System in Business Circle (hereinafter referred to as the Opinions), in order to accelerate the construction of the integrity system in the business circle and build a business environment of honesty and faith. This is an important measure of the Ministry of Commerce to implement the Plan for Construction of Social Credit System (2014-2020) (hereinafter referred to as the Plan) released by the State Council. Continue reading
At the meeting of Taiwan’s Executive Yuan’s task force on the recycled waste oil scandal, Vice Premier Mao Chi-kuo directed government agencies to explain to the public their actions and response measures to the crisis. Agencies must make clear how upstream companies and mid- and downstream businesses will be handled, announce the progress of those efforts, and explain all follow-up measures, he said. Continue reading
The annual Macau International Fireworks Display Contest is in its 26th competition this year. Universally acclaimed as one of the best of its kind, the contest takes place on the Macau Tower Shorefront from mid-September to 1st October every year. Over the years, more than 100 international teams from China, the Philippines, Thailand, Taiwan, Japan, Korea, Australia, the UK, Switzerland, France, Germany, Portugal and Spain have participated in this world-class pyrotechnic shoot-out. Many visitors choose this time of year to come to Macau to enjoy an exotic holiday illuminated by spectacular displays in the night sky that can be enjoyed from many vantage points on the Macau Peninsula and Taipa Island. Continue reading
Liu Yunshan is a leader in the Communist Party of China, who holds the positions of First Secretary of the Central Secretariat of the Communist Party of China, Chairman of the CPC Central Guidance Commission for Building Spiritual Civilization and President of the CPC Central Party School. Continue reading
The biggest news in global finance in September is no doubt the successful IPO of Alibaba in New York. Despite an increased offering, shares were up 38% the day of the IPO price. The IPO raised a record $25 billion.
Right before the Alibaba’s fantastic debut, the World Economic Forum (WEF) Annual Meeting of the New Champions convened in Tianjin, People’s Republic of China, from 10 to 12 September 2014. Continue reading