Asia-Pacific Business News

China will review M&A deals with foreign firms

China will launch a stated-level investment review body to ensure merger and acquisition deals struck by foregin firms in the country to not endanger national security.  The new regulation will come into effect in March.  Read more  

Foreign investment up by 15%

Foregin direct investment in China increased 15.21 percent from a year earlier to US $8.46 billion in April, the Ministry of Commerce said yesterday.  Read more

Hong Kong becomes key hub for business schools

Hong Kong is currently developing its position as an educational hub for the region and beyond. Hong Kong University of Science and Technology (HKUST) aims to draw in more students from Europe and the United States to strengthen its position internationally and also wants to attract students from the Chinese mainland to cash in on the growing economic engine.  Read more

PetroChina to expand overseas market

BEIJING – Senior executives of PetroChina Co., Ltd., said that the company will continue to seek opportunity for overseas merger and acquisition (M&A) and further expand its Latin American presence.  Read more

Beijing municipality to promote local IPOs

Beijing municipality is in talks with “several” large foreign equity investment institutions, and plans to jointly launch more private equity funds in mid-Jun 2011 to promote the listing of local companies, said an official with the Beijing Municipal Bureau of Financial Work.  Read more