China Dashboard – August 2019

  • 11-point, majority-control, PBoC
This Dashboard will examine key developments onshore from the month of July, including: PBoC’s 11 point plan Global firms execute on majority ownership Fund disclosure rules made more stringent State Council rolls out SOE asset-transfer plan STAR Board trading begins Aside from these key takeaways, we will also provide a quick analytical update on all […]
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China Alert – The price for (2%) control requires a 33% premium

  • china fund, China joint venture, Fund Management, majority-control
The price for (2%) control requires a 33% premium   Details of the closely followed equity auction of China International are now public, valuing the company at USD1.8bn. On a relative valuation basis, the deal looks rather rich, whether including or excluding the premium for control. Although it is just a single reference point, global […]
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Strategic Outlook: China: Executing on control

  • majority-control
The 2019 play June 2019 will mark a year since majority ownership was officially codified; yet, at least for fund managers, the new landscape has not crystalized. Still, wheels are in motion, and the tracks are laid out. Now, it’s just down to who gets what. In this Strategic Outlook, we offer a framework for […]
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