A Financial Times Service
China Confidential - Premium Investment Insight
28 August 2012

A privately-owned Chinese mining group has acquired a majority stake in Hong Kong-based World Mining Investment using offshore renminbi (CNH) to pay for the deal. The move is significant as it highlights how the paucity of CNH-denominated assets in Hong Kong has prompted investors to pursue mergers and acquisitions (M&A) as an alternative to time deposits and bonds. There is no official data on the number of CNH-denominated M&A deals done so far. However, we believe this latest acquisition could lead to a wave of similar transactions in coming months. 



An integrated research service from the Financial Times that provides premium, exclusive analysis and predictions on China investment themes.

Using a dedicated FT team of specialists in China and the UK, it taps Chinese sources from the grassroots to the political elite to forecast key trends and issues. It conducts proprietary research to supply its own insights into industry trends and consumer sentiment. By filtering the work of the best Chinese analysts and academics, it keeps you current on key debates as they unfold inside mainland China. Its broad aim is to help the professional investor navigate through the Chinese investment landscape.


We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on this website. However, if you would like to, you can change your cookie settings at any time. Find out more about our cookie policy.