Asia

Weak legislation hindering China’s securitization market

The number of Chinese securitization projects has almost doubled this spring. The sudden burst of activity brought the total number of securities industry securitization projects up to seven – but lagging legislation is hindering the growth of this market in the securities industry. In the banking industry last year, two of China’s biggest banks – …

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Saving face in China

Originally published in Computerworld. In the West, companies want to put on a good face for customers, even if it means having to admit mistakes. Righting wrongs is a big part of a good public image, and a good internal image as well. In the East, particularly at traditional companies, saving face is important. Saving …

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China’s cabinet industry maturing in 2006

This article originally appeared in FDM. Larger firms offer higher quality as domestic demand grows and consolidation is likely. Cabinet products from Jianpan Cabinet Co. The larger Chinese cabinet manufacturers are using advanced equipment to improve quality. The Chinese cabinet industry is expected to begin a round of consolidations as government policies and more discerning …

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Supply Chain Challenges

About two dozen supply chain executives from around the world gathered here earlier this month to discuss the business-technology challenges of managing their dispersed and diverse supplier networks in China, a country rich in opportunity but short on support infrastructure. Sponsored by the Supply-Chain Council and GeorgiaTech’s Executive Masters in International Logistics program, the Supply-Chain …

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Back to the Future

This article originally appeared in CMO (Chief Marketing Officer), an IDG magazine (which has since ceased publication). Jim Murphy learned about marketing to Chinese customers in bars. When he first came to China in December of 2004, he didn’t think that consumers here could afford or were interested in the relatively pricey Jack Daniel’s whiskey …

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RFID in China

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 …

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Standard Chartered claims first “true” loan securitization

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 …

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CSFB helps move securitization forward in China

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 …

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CITIC named Special Purpose Trust in ground-breaking project

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 …

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China opens up to new deal structures, new participants

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 …

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Brokerage pioneer in China’s securitization space

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 …

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China’s Weak Logistics

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. …

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