China issues US$ 3.57 billion in Treasury Bonds this August

China issues US$ 3.57 billion in Treasury Bonds this August

The Chinese Ministry of Finance announced that the country has issued RMB 22 billion (US$3.57 billion) in one-year book-entry treasury bonds. Interest rate for the bonds will be fixed at 3.82% after competitive tendering and interest calculation begins on August 14th, the statement said. The bonds will be sold on the interbank market until August 18^th and will become trade-able on the secondary market on August 20th. Both the interest and the principal will be paid upon maturity on August 14th 2015. This is the ministry's 18th issuance of book-entry treasury bonds this year.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Sinopec gets Malaysian Oil Refinery Project

Sinopec gets Malaysian Oil Refinery Project

China's Sinopec Engineering Group was awarded a Malaysian oil refinery contract worth US$1.33 billion.

Malaysia's oil conglomerate Petronas announced on 12 August 2014 that they have award a contract to Sinopec Engineering to construct an oil refinery in the Pengerang region of the Malaysian state of Johor.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Citigroup and Mercuria fight over US$270 million in missing metals from Chinese ports.

Citigroup and Mercuria fight over US$270 million in missing metals from Chinese ports.

David Nealis President of Ceres Ltd with aluminum

Citigroup Inc and Mercuria Energy Group of Switzerland are fighting over payments related to metal backed financing deals in China worth more than US$270 million in a London court.

Citigroup is calling for an early settlement from Mercuria to pay for the sales of metal kept at the ports of Penglai and Qingdao which have gone missing from the warehouses they were being stored in.

These ports are currently under official investigation by the Chinese government and the metal assets being stored at them have been frozen until the investigation is finalized. Hundreds of millions of US dollars have been loaned out to commodities traders in China with iron ore, copper, and aluminum used as collateral, yet very little of the metal can be found in the warehouse. To add to the chaos it is believed that the metal was utilized as collateral in multiple loans at multiple banks.

You would think with that much money at stake, that someone would have been keeping an eye of things. 

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China National Petroleum Corp and Athabasca Oil Corp of Canada close to deal

Chinese state owned energy giant China National Petroleum Corp and Canada's Athabasca Oil Corp announced on July 30^th that they expect to close a US$1.23 billion contract for an  oil-sands operation in Alberta Canada according to PetroChina spokesperson

Mao Zefeng, while an Athabasca representative also stated that the Canadian firm is closely cooperating with CNPC officials to close the deal.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China’s State Grid pays US$ 2.8 billion for stake in Italy's CDP

China’s State Grid pays US$ 2.8 billion for stake in Italy's CDP

The State Grid Corporation of China (SGCC), the world's largest utility company by revenue and a state owned enterprise, bought a 35% stake in Italian energy grid unit Cassa Depositi e Prestiti (CDP) Reti for EUR 2.1billon (US$2.8billion), in one of the biggest investments in Italy by a Chinese company ever.

David Nealis President of Ceres Ltd

The stake in the deal will be sold to State Grid International Development Ltd (SGID), a wholly-owned subsidiary of SGCC. CDP Reti is wholly owned by CDP, a state holding company. SGCC invests, builds and operates a grid that covers over 88% of China's territory, serving over 1.1 billion people.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Chinese Grain Capacity Piles High

At a recent conference in Hangzhou City in Zhejiang Province China , Ren Zhengxio Director of the State Administration  of Grain said that in 2013 China had roughly 19,000 grain storage firms with total capacity over 300 million tons.

China has built a national grain storage network based on four logistical hubs in Liaoning Province in North East China, Guangdong Province in South East China, Zhejiang Province in Eastern China and in Shanghai China’s financial and shipping hub.

Director Ren noted that China’s grain storage network has upgraded over the years with 78% of the granaries utilizing mechanical ventilation and 57% monitored by computer systems.  He emphasized that China has its own grain storage system and that China is pursuing self-sufficiency to ensure food security.

Since 1949 (the year the People’s Republic of China was established) their grain stock capacity has increased dramatically and they will keep developing their capacity to meet market demand.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition