久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

BIZCHINA> Top Biz News
Macquarie Group forms China trust joint venture
By Bi Xiaoning (China Daily)
Updated: 2009-08-28 08:13

Macquarie Group Ltd, Australia's biggest investment bank has set up a trust company joint venture in China with an initial capital of 300 million yuan ($44 million).

Sino-Australian International Trust Co, as the Shanghai-based joint venture is called, will enable the global provider of diversified financial services to offer yuan-dominated products, arrange domestic debt and equity financing, Macquarie said in a statement yesterday.

Macquarie owns 19.99 percent of the venture, the maximum allowed under current regulations. Beijing Sanjili Energy Co Ltd (Sanjili), a State-owned power generation company, owns 60 percent of the joint venture while Beijing Rongda Investment Ltd owns 20.01 percent. Several State-owned firms including the State Development and Investment Corp control Sanjili and Rongda.

The joint venture will initially focus on raising funds for companies and local government entities and provide yuan-based investment products to wealthy investors and institutional investors, Macquarie said.

"We see a fantastic opportunity given China's significant and swelling local currency savings pool," said Yu Jianping, chairman, Sanjili.

China's household savings reached an estimated 20 trillion yuan in 2008, or 72.5 percent of its 2008 GDP. It grew in excess of 20 percent between 2007 and 2008.

Related readings:
Macquarie Group forms China trust joint venture Everbright, Macquarie to float two infrastructure funds
Macquarie Group forms China trust joint venture CITIC unit in talks to buy Macquarie China asset
Macquarie Group forms China trust joint venture Macquarie arm cuts price of property
Macquarie Group forms China trust joint venture Macquarie to form JV with Hengtai Securities

"We are delighted to have a partner like Macquarie, one of the world's leading financial institutions with a track record of providing high quality and innovative investment services to its clients," Yu said.

Founded in 1969, Macquarie is a global provider of banking, financial, advisory, investment and funds management services. It operates in more than 70 office locations in 26 countries. Macquarie employed approximately 12,700 people and had assets under management of A$243 billion as on March 31, 2009.

"This joint venture will allow us to extend our client service capability as we build a domestic distribution network and to arrange financing for international clients operating in China and locally based corporates," said Andrew Low, head of Macquarie Capital Asia.

Industry analysts said China's trust companies have got well developed in the past two years after the banking regulator released a set of specific policies to guide the development of the industry in 2007.

In 2008, the trust companies' assets under management reached over 1 trillion yuan, which was about eight times of that in 2004, marking a 70 percent year-on-year growth. At the end of 2008, a total of about 50 trust companies realized 10.65 billion yuan of net profits.

Last week Macquarie and China Everbright Ltd had announced plans to raise $1.5 billion for two funds to invest in infrastructure projects in China.


(For more biz stories, please visit Industries)

 

 

主站蜘蛛池模板: 国产真实乱子伦精品视 | 亚洲国产精品一区二区第四页 | 日本久久久久久久久久 | 黄色毛片免费看 | 男女性高爱潮免费网站 | 亚洲欧美v视色一区二区 | 久久精品视频免费播放 | 波多野结衣在线播放 | 69精品免费视频 | 在线看a级片 | 亚洲美女免费视频 | 性配久久久 | 日本肥老妇色xxxxx日本老妇 | 日产一区二区三区四区 | 欧美一级毛片图 | 欧美成人 综合网播九公社 欧美成人26uuu欧美毛片 | 国内精品国语自产拍在线观看55 | 亚洲国产天堂久久精品网 | 怡红院亚洲红怡院天堂麻豆 | 午夜mm131美女做爰视频 | 亚洲黄色成人 | 国产综合视频在线观看一区 | 免费伦费一区二区三区四区 | 亚洲欧美日韩综合久久久久 | 手机精品在线 | 狠狠色丁香婷婷综合久久片 | 男人扒开腿躁女人j | 国产日韩精品视频一区二区三区 | 午夜三级在线观看 | 天堂在线www网亚洲 天堂在线视频网站 | 久久久免费的精品 | 亚洲高清在线视频 | 久久久久一区二区三区 | 美国一级毛片视频 | 亚洲精品国产一区二区三 | 国产亚洲一路线二路线高质量 | 国产一区二区三区影院 | 99国产精品欧美久久久久久影院 | 成年人在线观看视频免费 | 欧美成人鲁丝片在线观看 | 一本高清 |