介绍:
Welcome to our weekly edition of Biz Buzz, looking at the emerging trends in the Chinese business world.
On this week&`&s show, we get perspectives on Shenzhen&`&s new policy of car-purchasing limitations, analysts&`& examination of companies set to go public in 2015, as well as the review of Chinese economy in 2014.
Selected News:
Q&A: Shenzhen to Limit Car Purchasing
The southern Chinese city of Shenzhen has announced a car purchasing restriction requiring buyers to get new car plates by lottery or auction.
Liu Kun has more.
The announcement does come as a bit of surprise as authorities had for two years repeatedly denied that it was even considering such a move.
100-thousand new vehicle plates will be offered every year in the city, including 20-thousand reserved for electric cars.
Xu Wei is the deputy head of the municipal traffic police bureau.
"Except for roads to the ports, other roads will forbid vehicles with non-Shenzhen plates during both morning and evening rush hours on weekdays in four administrative districts of Futian, Luohu, Nanshan, and Yantian."
Shenzhen is the eighth Chinese city to adopt purchase restrictions to tackle rising congestion and pollution.
For more on this, Zhao Yang speaks with Dr. Jean-Marc Blanchard, director of Center for the Study of Multinational Corporations, Shanghai Jiaotong University and Dr. Liu Baocheng, associate professor at the University of International Business and Economics.
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Report: Analysts Examine the Chinese Companies Set to Go Public in 2015
A high bar has been set for Chinese companies in 2015 since the milestone listings of e-commerce giant Alibaba and the world&`&s second-largest real estate developer Dalian Wanda this year.
What kind of performance can be expected in the capital market for the coming year? Luo Yu has more.
Dalian Wanda has just opened its latest movie theme park in central China&`&s Wuhan. Together with the record-breaking listing by Alibaba in New York, the group marked the year 2014 with its IPO in Hong Kong.
Alibaba gave the world its biggest flotation ever, with a 25 billion U.S. dollar IPO on the New York Stock Exchange in September, 2014. Dalian Wanda&`&s IPO was unable to match that level, but the developer raised 3.7 billion U.S. dollars earlier this month, which has been Hong Kong&`&s biggest listing since October 2010.
Some say there is likely to be more in the pipeline for Dalian Wanda&`&s other divisions, as its chairman Wang Jianlin explains during an interview with China Central Television. "Our main target for the future is to take our most developed divisions or those generating steady profit to go public. But it&`&s not necessary to list all our companies. We will see in the future."
Wall Street is now gearing up for another flurry in 2015, with analysts expecting securities filings from hot names such as apartment rental website Airbnb and app-based taxi service Uber.
Some experts hold an optimistic view towards the IPO activity in China&`&s tech sphere in 2015. Liu Leiming, a partner at iResearch Capital, is one of them.
"Some people worry that Alibaba&`&s IPO has absorbed a lot of capital, which could make it difficult for other companies to raise funding. But in my opinion, Alibaba&`&s IPO has also triggered more capital flows into the market. So basically, I am quite optimistic about the IPO market in 2015."
China&`&s leading smartphone maker Xiaomi appears to be the most likely candidate for a listing in 2015. The company was valued at about 40 billion U.S. dollars in a recent funding round.
Instead of massive stock debuts, however, consultants say we are likely to see more minority investments and a boost in Merger And Acquisitions next year. Duncan Clark, Chairman of BDA China, agrees.
"There won&`&t be anything like Alibaba anytime soon, in terms of the BAT. Obviously, we have the three very large Chinese internet companies that are now kind of firmly like the suns in the sky. There are no new suns appearing anytime soon. But there will be a lot M&A activity. Already, you can see that Baidu, Alibaba, and Tencent, to kind of sustain their positions, will be increasingly making acquisitions, both in China and overseas. Increasingly, we will see minority investments and potentially even outright acquisitions, from those companies overseas."
All this comes after the China Securities Regulatory Commission lifted a 13-month suspension on new IPOs in the Chinese mainland in January. It had imposed a freeze on listings due to concerns about price irregularities and speculation.
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Q&A: Review of Chinese Economy in 2014
The year 2014 has witnessed continued slower growth of the Chinese economy, where China&`&s GDP growth is expected to hover around 7.3%, and the Chinese economy is facing "New norms" as China&`&s top leaders called it. Meanwhile, a lot has happened in the economic sphere, for example, the interest rates cut by China&`&s Central Bank in November, the newly established connectivity mechanism between Shanghai and Hong Kong Stock Exchanges, the sharper-than-expected downturn of China&`&s property market and of course, e-commerce giant Alibaba&`&s IPO in the United States.
For more on this, Zhao Yang speaks with Einar Tangen, Former Chairman of the State of Wisconsin&`&s International Trade Council.
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