Chinese Companies Set Sights on Asia-Pacific Oil Assets

Fossil fuels may be out of fashion,but sales of foreignowned resources across Asia are expected to attract a broad mix of bidders.Some of Asia’s biggest foreignowned oil and gas assets,worth more than US$40 billion,are to be sold in 2017,with potential bidders expected to include Chinese energy companies and sovereign funds.Assets to be sold include US-based Chevron’s US$1billion(0.94 billion euros)joint ownership stake with China’s state-owned CNOOC in an offshore oil field.

Discussion on Local Asset Management Companies’ Approach to Revitalizing Uncompleted Real Estate Projects: Taking ZS Asset Management Company as an Example

In recent years,with the vigorous development of the real estate market,the price and scale of real estate have been growing explosively year by year.At the same time,the continuous macro-control of the state and the debt of real estate enterprises are both thundering.The high turnover and leverage operation mode is challenged,and uncompleted real estate projects are constantly emerging.Uncompleted residential buildings are considered scars to developers or cities where these projects are located.If this issue can be solved,uncompleted residential building projects can be revitalized,and the parties involved will also benefit from it.Asset management companies play a key role in the revitalization of uncompleted real estate projects by injecting new vitality into these projects and obtaining relevant policy support from the local government for the pain points and difficulties in these projects,thus promoting the revitalization of uncompleted projects.In order to discuss the approach taken by local asset management companies to revitalize uncompleted real estate projects,this paper takes ZS Asset Management Company as an example.

The Announcement Effects of China＇s Listed Companies＇ Divestitures

By utilizing the mean adjusted return model of the event study, this paper examines the announcement-period abnormal returns of a sample of 44 divestitures of China＇s listing companies completed during 1998-2002. The findings are that sample firms have positive cumulative average abnormal returns in the event windows of [-1, ＋1] and [0, ＋7], and that, as for any individual firm, almost half of the sample firms get positive cumulative abnormal returns in a narrow event window. Those results show that the corporate divestitures of China are able to increase shareholders＇ wealth in a short period around the announcement date.

Potential Characteristics of Supervisory Board,Company Asset Scale and Irregularity of Listed Companies:Empirical Analysis Based on Heckman Two-Stage Model

Based on heterogeneity extraction,this paper analyzes four potential characteristics of the supervisory board,they are Individual Heterogeneity of the Supervisory Member(Internal Heterogeneity),Organization Size of the Supervisory Board(Organization Size),Structural Characteristics of the Supervisory Board(Structural Characteristics)and Identity Background of the Supervisory Board(Identity Background);and verifies the impact and action path of the potential characteristics on irregularities.Then,systematically evaluates the micro enterprise organization construction and corporate governance behavior by using the methods of factor analysis and Heckman two-stage model.Empirical research shows that the scale of corporate assets does have an important impact on corporate irregularities and the governance of the board of supervisors.Under the regulation of the company scale,the three potential characteristics:Organization Size,Identity Background and Structural Characteristics have played a significant inhibitory role on irregularities,and the Internal Heterogeneity has no significant effect.When using violation behavior as an alternative variable of supervision performance,the sample selection deviation will be caused by the lack of information disclosure.This paper suggests that we should pay attention to the team of the board of supervisors scientifically and reasonably,weaken the appropriate personalized differences within the board of supervisors,and comprehensively consider the interaction between the company scale,asset quality and the performance of the board of supervisors when formulating the corporate internal management system.

A Win-Win Choice

ACCORDING to a report in the Financial Times,European countries and enterprises that are teetering on the edge of a debt crisis are looking to China for investment.While the European debt crisis has eroded the value of the euro,falling asset prices have attracted the interest of foreign companies,including Chinese enterprises.

Low Oil Prices Gas up Chinese Buyers

As the downward trend levels out,companies from China are finding big bargains around the globe.A new wave of Chinese outbound oil acquisitions is expected in the second half of 2015 as well-financed Chinese firms take advantage of struggling companies while oil prices remain low globally,industry insiders say.The huge drop in oil prices over the past year,from US$110 per barrel in early July of last year to below US$50 by the beginning of 2015, has fundamentally shocked the industry. But the prevailing forecast in the business is for price stabilization.

Confucius Says

annie sonwa wants to become a doctor.so she decided to enroll for a course in Chinese.The two are not as unconnected as they sound.The young Cameroonian wants to study medicine in China and learning the language would be an asset in more ways than one.“If I don’t go to China,I can get a job here easily,”the student of the Confucius Institute at Cameroon’s University of YaoundéII,reasoned.“There are many Chinese companies in Cameroon and[other African countries].

The Analysis of the Auction Disposal and Pricing Decision of AMC＇s Non-performing Assets with Game Theoryd

Based on the analysis of the characteristics of AMC＇s non-performing asset auction, this paper puts forward a model of AMC＇s non-performing asset disposal with the Game Theory thinking, explored the Nash Equilibrium solution to the pricing model of AMC＇s non-performing asset auction, discussed the impact of the actual value of non-performing assets, auction disposal costs and other relevant elements on auction price, analyzed the pricing and decision-making mechanism of AMC＇s non-performing asset auction with Game Theory, and provided a theoretical guide for AMC to auction the non-performing assets in practice.