The oil services company garners nearly twice the demand of China Telecom in one of the most successful international equity offerings from the Mainland in recent years.
Nissan''s $1 billion investment in Dongfeng confirms that it''s not always the first entrant to the market who reaps all the benefits. By waiting for WTO rules to bite, Nissan has taken a huge lead over its rivals.
China''s listed companies suffer from low ROE. Unless it improves, the country''s shift from a pay-as-you-go system to a funded system could be compromised.