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China property rescue? Who are Ping An Insurance Group and Country Garden?

HONG KONG — Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, Reuters reported on Wednesday (Nov 8), citing sources familiar with the plan. A state-engineered rescue of Country Garden by Ping An would be one of the most significant interventions to date by China to...

Hong-kong , New-york , United-states , Guangdong , Jilin , China , Shanghai , Shenzhen , Ping-an , Thailand , Beijing , Chinese

Factbox-China property rescue: Who are Ping An Insurance Group and Country Garden?

Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, Reuters reported on Wednesday, citing sources familiar with the plan. A state-engineered rescue of Country Garden by Ping An would be one of the most significant interventions to date by China to support its cash-squeezed, highly indebted property sector, which accounts for one-quarter of economic activity. Ping An, based in the southern tech hub of Shenzhen, vies with China Life for the title of the country's biggest insurance group by market value.

Beijing , China , Thailand , Guangdong , Jilin , Hong-kong , Shanghai , Ping-an , Shenzhen , New-york , United-states , Chinese

China property rescue: Who are Ping An Insurance Group and Country Garden? -November 08, 2023 at 04:07 am EST

Chinese authorities have
asked Ping An Insurance Group to take a controlling
stake in embattled Country Garden, the nation's
biggest private property developer, Reuters reported on
Wednesday, citing...

Hong-kong , Shanghai , China , Shenzhen , Guangdong , New-york , United-states , Ping-an , Jilin , Thailand , Beijing , Thai

Canada police suspends contract with China-linked company

OTTAWA (Reuters) - The Royal Canadian Mounted Police (RCMP) has suspended a communications equipment contract that was awarded to a company with links...

China , Canada , Shenzhen , Guangdong , Ottawa , Ontario , Chinese , Canadian , Ismail-shakil , Justin-trudeau , Marco-mendicino , Shenzhen-investment-holdings-co

HSBC investors give Ping An break-up proposal cool response

Ping An has called on HSBC to explore options including spinning off its Asian business.

China , Ping-an , Jilin , Hong-kong , United-kingdom , Shenzhen , Guangdong , London , City-of , Chinese , British , Noel-quinn

[年报]深纺织Ｂ:2021年年度报告摘要（英文版）- CFi.CN 中财网

[年报]深纺织Ｂ:2021年年度报告摘要（英文版）- CFi.CN 中财网
cfi.net.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cfi.net.cn Daily Mail and Mail on Sunday newspapers.

Xieli , Jiangsu , China , Pingshan , Guangdong , Jinhang , Hainan , Huaqiang , Zhejiang , Shenzhen , Suzhou , Huaxing

Allowing the sale of Britain's biggest chip manufacturer to China is a dangerous mistake

Allowing the sale of Britain's biggest chip manufacturer to China is a dangerous mistake
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.

Newport , United-kingdom , Milan , Lombardia , Italy , Carbis-bay , Cornwall , Shenzhen , Guangdong , China , Washington , United-states

China-backed Nexperia bids to acquire U.K.'s largest semiconductor fab in cut-price deal

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China is looking to get its hands on more semiconductor manufacturing technology through a cut-price deal that will see the Dutch chip maker Nexperia B.V. acquire U.K.-based Newport Wafer Fab.
Nexperia, which is owned by the Chinese private equity firm Wingtech Technology Co. Ltd., is already the second-largest shareholder in NWF, CNBC reported. Nexperia Chief Operations Officer Achim Kempe said that acquiring NWF, the largest chip producer in the U.K., would help it to make more chips and meet soaring demand for its products.
“The Newport facility has a very skilled operational team and has a crucial role to play to ensure continuity of operations,” Kempe told CNBC. “We look forward to building a future together.”

Germany , Milan , Lombardia , Italy , United-states , Netherlands , Shenzhen , Guangdong , China , Texas , Beijing , South-korea

REFILE-Italy vetoes takeover of semiconductor firm by Chinese company Shenzhen - sources

* Italian government shields Milan-based company LPE
* Semiconductors deemed of strategic importance, Draghi says
* Rome bolstering anti-takeover powers in key assets
ROME, April 9 (Reuters) - Italy has prevented Chinese company Shenzhen Investment Holdings Co from buying a controlling stake in a Milan-based firm producing semiconductor equipment, two Italian government officials said, signalling a renewed commitment to shield strategic assets from foreign takeovers.
The two government officials told Reuters that a cabinet meeting on March 31 used its special vetting powers to block Shenzhen from buying a 70% stake in LPE, which produces components for power electronics applications.
Prime Minister Mario Draghi, speaking to reporters late on Thursday, said: “There was a case recently in which the government looked into ... an Italian semiconductor company which was to be acquired by a Chinese company. It was blocked.”

China , Italy , Milan , Lombardia , Rome , Lazio , Shenzhen , Guangdong , Italian , Chinese , Giselda-vagnoni , Giuseppe-fonte

REFILE-Italy vetoes takeover of semiconductor firm by Chinese company Shenzhen

REFILE-Italy vetoes takeover of semiconductor firm by Chinese company Shenzhen - sources
Reuters
6 hrs ago
* Italian government shields Milan-based company LPE
* Semiconductors deemed of strategic importance, Draghi says
* Rome bolstering anti-takeover powers in key assets
By Giuseppe Fonte
ROME, April 9 (Reuters) - Italy has prevented Chinese company Shenzhen Investment Holdings Co from buying a controlling stake in a Milan-based firm producing semiconductor equipment, two Italian government officials said, signaling a renewed commitment to shield strategic assets from foreign takeovers.
The two government officials told Reuters that a cabinet meeting on March 31 used its special vetting powers to block Shenzhen from buying a 70% stake in LPE, which produces components for power electronics applications.

China , Italy , Milan , Lombardia , Rome , Lazio , Shenzhen , Guangdong , Italian , Chinese , Giselda-vagnoni , Giuseppe-fonte