【财经看点】上海迪士尼追加投资8亿美元

$800m more to be invested in Shanghai Disney park Walt Disney and Shanghai Shendi have announced plans to spend an additional 800-million US dollars on their theme park in Shanghai. The plan is to add more attractions before it opens at the end of next year. The additional spending raises the total investment in Shanghai Disneyland to 5.4-billion US dollars. Shanghai Shendi is a conglomerate of State-owned businesses established by the Shanghai government to develop the park. Shendi has a 57-percent stake in the park, with Disney holding the remainder. Once finished, the park will be home to 2 theme-hotels, various dining and entertainment venues, recreational facilities, a lake and various transportation hubs. CVC Picks Up Major Stake In Chinese Restaurant Chain Anchor: British private equity firm CVC Capital Partners has confirmed it's picked up a majority stake in Chinese high-end restaurant chain South Beauty. Terms of the investment have not been disclosed. Last October, media reports suggested CVC was planning to acquire 69-percent of South Beauty for 300-million US dollars. The investment should provide an exit for Beijing-based investment firm CDH Investments, which bought an unspecified stake in South Beauty in 2008 for just under 30-million US dollars. For more on this, Shane Bigham spoke earlier with Benjamin Cavender, Principal with China Market Research in Shanghai. … Back Anchor: Benjamin Cavender, Principal with China Market Research in Shanghai, speaking with CRI's Shane Bigham. China Merchants Wins Historic Bid for Newcastle Port China Merchants Group has won the bid to develop the port in the Australian city of Newcastle in New South Wales. Merchants group has won the bid among 5 competitors. The New South Wales government has agreed to lease the port to Merchants Group for 98 years. Newcastle is the world's largest coal exporting port. Bank of Beijing Hires Goldman, Morgan Stanley for IPO, Sources Say Bank of Beijing has hired Goldman Sachs and Morgan Stanley to handle its Hong Kong IPO. The bank is looking to raise up to 4-billion US dollars in the listing, which could come as early as next year. Bank of Beijing is partly controlled by the Chinese government and Dutch lender ING. ING is the largest shareholder of the Chinese bank with a 14-percent stake. If listed, Bank of Beijing will become the fifth Chinese bank to go public in Hong Kong since October. China banking system passes stress tests - PBOC China's central bank says its finished its stress-tests of this country's banking system, which started at the end of last year. The PBOC says China's banks can weather large increases in bad debt or a sharp economic slowdown. But it notes the asset quality and capital adequacy of China's commercial banks remains relatively high. The stress-test has determined some individual banks could fall below required liquidity ratios in a worst-case scenario. The tests covered 17 domestic banks that are considered systemically important and account for over 60-percent of all banking assets in China. They covered scenarios such as a 400-percent rise in non-performing loans, increases in bond yields, and economic growth slowing to 4-percent. Non-performing loans of major Chinese banks climb in Q1 Non-performing loans among China's four largest state-owned commercial banks have edged up through the first quarter. Agricultural Bank has seen its bad-loans rise by some 4 billion yuan during the first quarter. The bank's NPL ratio now sits at 1.22-percent. Industrial and Commercial Bank of China's NPL stands at 0.97-percent; Bank of China, at 0.98-percent; and China Construction Bank, at 1.02 percent. Non-performing loans refer to loans that are in default or are close to being in default.