BUSINESSWEEK ONLINE : OCTOBER 23, 2000 ISSUE
[an error occurred while processing this directive] [an error occurred while processing this directive]
INTERNATIONAL -- ASIAN BUSINESS

China's Best and Biggest Go to Market


PETROCHINA
China's biggest oil-and-gas producer raised $2.9 billion in April. BP Amoco is a major shareholder.

CHINA MOBILE
The world's second-largest telecom company plans to launch $6.5 billion secondary offering, including a $2.5 billion investment from Vodafone, in October.

CHINA UNICOM
China's No. 2 cellular phone company raised $5.6 billion in June in China's biggest-ever offering.

CHINA PETROLEUM & CHEMICAL (Sinopec)
Expects to raise up to $4.2 billion on Oct. 19. ExxonMobil, BP Amoco, and Royal Dutch/Shell have agreed to invest up to $1.2 billion in the deal.

BANK OF CHINA
China's third-largest and most profitable bank expects to list by 2002, prompting more transparency and a break with financial system central control.


DATA: COMPANY REPORTS, BUSINESS WEEK


_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _


RELATED ITEMS
Investors to China: Open Those Books (int'l edition)

TABLE: China's Best and Biggest Go to Market



INTERACT
E-Mail to Business Week Online

 
Copyright 2000-2009, by The McGraw-Hill Companies Inc. All rights reserved.
Terms of Use   Privacy Notice