日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

John Zhao seeks more targets in state sector reform

(Agencies) Updated: 2014-04-14 15:23

John Zhao seeks more targets in state sector reform

John Zhao, founder and Chief Executive Officer of Hony Capital in China, takes part in the Asian Financial Forum in Hong Kong January 16, 2012. [Photo/Agencies]

Hony Capital, the private-equity firm backed by Legend Holdings, is likely to deploy more capital in China's state-owned manufacturing and healthcare sectors as Beijing seeks to further restructure its government-owned companies.

"This is a fabulous opportunity," said John Zhao, Hony Capital's founder and chief executive, in a recent interview. "We've accumulated a lot of strengths, experience and scars."

Hony, one of China's biggest private-equity firms, has taken stakes in 31 state-owned firms, investing 14 billion

John Zhao seeks more targets in state sector reform
China Life annual profits up 123.9%

John Zhao seeks more targets in state sector reform
China to insure elderly homes

yuan ($2.25 billion) over the past decade. The total value of those companies has more than doubled on average, the company says.

The Beijing-based investor has led restructuring of China Yaohua Glass Group, one of China's biggest sheet glass manufacturers, construction equipment giant Zoomlion Heavy Industry Science & Technology Co and Lianyungang Zhongfu Lianzhong Composites Group, a manufacturer of heavy-duty pipe, rotor blades for wind turbines, and industrial tanks.

In January, China's securities regulators approved Hony's bid to take a 10 percent stake in Shanghai Chengtou Holding Co, a city-backed real-estate and waste-management company, for 1.8 billion yuan.

China has promised sweeping changes to its state industry. Last month, the National People's Congress, the country's mostly rubber-stamp parliament, said it would "encourage non-public business" to invest in state businesses. That is creating new openings for private-equity funds, both foreign and domestic.

"We will see good firms separated from bad firms," Zhao said.

Sinopec, Asia's biggest oil refiner, said in February it was selling up to 30 percent of its marketing arm, in a multi-billion-dollar deal involving more than 30,000 petrol stations that is expected to close later this year.

"There's a consensus (among state company managers, government regulators and investors) that market-driven is much better than state control for competitive industries," Zhao said.

Film and entertainment

Hony raised its first $38 million fund from state-sponsored investment holding company Legend Holdings Corp in 2003 and today has about $7 billion under management, including $2 billion in cash.

It has invested in industries ranging from heavy equipment to renewable energy, and lately has started to take a sizable position in China's hot film and entertainment sector.

Last month, Hony announced it was teaming-up with producers Robert Simonds and Gigi Pritzker plus TPG Capital to invest more than $1 billion over five years in a film studio that will produce and self-distribute as many as 10 theatrical films a year.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲图片在线播放 | 国产女18毛片多18精品 | 99热视| 欧美aaa级 | 天堂男人在线 | 欧美国产视频 | 国产在线a视频 | 亚洲激情在线观看 | 综合久久中文字幕 | 欧美福利一区 | 日韩在线视频看看 | 成人小视频在线播放 | 福利资源在线观看 | 天堂网在线观看视频 | 免费观看一区二区三区 | 久久久久久久av | 公共露出暴露狂另类av | 精品国产精品国产偷麻豆 | 午夜免费av | 免费日韩毛片 | 久久国产综合 | 国产一二三区在线 | 欧美日韩成人在线视频 | 欧美性精品 | 午夜精品一区二区三区在线观看 | 九九五月天 | 国产成人精品一区二 | av在线色 | 欧美日韩中文字幕在线观看 | 欧美一级片免费在线观看 | 在线中文字幕第一页 | 日本高清视频一区二区 | 在线中文av | 欧美日韩视频在线播放 | 国产精品自产拍在线观看 | 精品国产一区二区三区久久久久久 | 日韩中文字幕免费视频 | 4虎最新网址 | 美国一级大黄一片免费中文 | 成人毛片在线视频 | 精品一区二区三区免费 |