CITIC’s $41 bln deal can avoid a stock market test 1 Apr 2014 The Chinese conglomerate is injecting itself into its Hong Kong-traded subsidiary. To maintain a minimum free float, CITIC Pacific will need to raise cash or partly pay in convertible shares. Though the latter option is easiest, it also undermines the point of a public listing.
Huawei handset success requires foreign push 1 Apr 2014 Consumer devices like smartphones accounted for only a quarter of sales last year, but generated half the Chinese group’s revenue growth. As Huawei’s traditional telecom equipment business runs into headwinds outside China, success in handsets can help pick up the slack.