While Chinese manufacturers and the Chinese government must come to terms on standards, this burgeoning industry is poised for growth Haier Group, China’s leading home-appliance manufacturer, is ready to do away with bar codes. Today, Haier uses bar codes to track items through the production process and enable quality control, according to David Lee, a […]
The China Construction Bank privatization project, recently approved by the Chinese government, may become the first true loan securitization in China. As the sole advisor, Standard Chartered gains both experience and credibility in the marketplace, building on an existing track record in the country. Headed by Warren Lee, the Standard Chartered team working on the
Standard Chartered claims first “true” loan securitization Read More »
In the spring of 2004, China’s largest commercial bank struck a deal with Credit Suisse First Boston, CITIC Securities and China Credit Trust to securitize a portfolio of RMB2.6 billion ($322 million) in non-performing loans. The loans originated by the Industrial & Commercial Bank of China’s Ningbo branch. It was a ground breaking deal in
CSFB helps move securitization forward in China Read More »
This fall, one of the two big bank securitization projects in progress is the MBS project of China Construction Bank. The Special Purpose Trust that will handle the underlying assets of the securitization is the CITIC Trust Co., based in Beijing. CITIC has 80 employees and, as of the end of 2004, RMB8.6 billion ($1.06
CITIC named Special Purpose Trust in ground-breaking project Read More »
China’s securitization market finally reached a new maturity level this fall, with new participants and new deal structures. The watershed moment was September’s listing of asset-backed securities from China Unicom on the Shanghai Stock Exchange. Additionally, two bank-based pilot projects are expected. The two banks, China Construction Bank and China Development Bank, received government approval
China opens up to new deal structures, new participants Read More »
While other brokerage firms have tried – but so far failed – to get securitization projects off the ground, the Beijing-based China International Capital Corp. has jumped ahead of the pack with a fixed-income product based on a telecommunication company’s future income from the leasing of mobile CDMA technology. These asset-backed securities, which started trading
Brokerage pioneer in China’s securitization space Read More »
China’s transportation network, distribution systems, regulations and even locally trade-restriction laws slow the development of industry in the heartland. But Western countries are making things change.
Foreign Companies Driving China Supply Chain Infrastructure Read More »
Electrolux China, a group that manufactures kitchen, cleaning and outdoor appliances for consumers and business users, set up its supply chain system in 2002, after it had been in China for a few years. Since then, the company has restructured its APS (Advanced Planning Schedule) system in the logistic network and installed an ERP system.
China’s Weak Logistics Read More »
The Chinese economy has been growing rapidly despite an underdeveloped supply chain network. Most Chinese manufacturing companies do not yet rely on supply chain systems, but the environment is becoming increasingly competitive and many enterprises will find it difficult to survive if they do not make their sourcing, production and distribution more efficient. That makes
Supply Chain Infrastructure Read More »
A couple years ago, good security meant a good firewall at the periphery of a bank’s network. Today, given the range of internal and external threats at financial institutions, that’s no longer enough. Instead of installing security appliances at key locations, banks like Fayetteville, AR-based ANB Financial are turning entire networks into security systems. Founded
Biometrics Comes To the Heartland Read More »
If finding a software pirate is as simple as walking down the street and looking around for wheelbarrows, why is China–home of the largest authoritarian government on the planet–having problems catching these guys? One reason could be that it’s not arresting them that’s hard; it’s keeping them locked up that’s the problem. Local bureaus of
Chinese Legal System Hinders IP Protection Efforts Read More »
Despite three years of attention by lawmaking committees and a steadily increasing roster of laws protecting intellectual property, China is a shopper’s paradise for all things pirated–handbags, jewelry, movie DVDs, and, of course, software. Vendors pushing wheelbarrows piled with CDs offer Windows 98, 2000 and XP for as little as 4 yuan–just 50 cents. A
Cost for Windows falls–to 50 cents–in China Read More »
As China prepares to become a full member of the World Trade Organization, the Beijing government is trying to prove to the West that it is serious about reducing software piracy. And so China’s government agencies and businesses are turning to Linux as their desktop operating system of choice, a trend with potential to influence
Open Source – China’s Bet on Linux Read More »
A beginning journalist asked: It looks like you have a lot of varied experience in journalism. I’m dabbling with becoming a business reporter, but also love narrative writing: i.e. Rick Bragg, Tom French, Tom Hallman. Do you have any advice on the pros and cons of covering business than say education or government reporting? First
Choosing a beat: business, education, or government? Read More »
A couple of years ago, good security meant a good firewall at the periphery of your network. Today, given the wide range of threats that are coming at financial institutions, both internal and external, that is no longer enough. Instead of installing security appliances at key locations, forward-looking banks are turning their entire networks into
Network Security: An Arkansas Bank Protects Communications Inside-out Read More »
