Investors to Buy Share under QDII

The Chinese government would not allow China Construc tion Bank （CCB） to fall under foreign control following its listing on the Hong Kong stock market last month, state press reported. CCB president Guo Shuqing said that even if Beijing were to sell more of China＇s third largest bank to foreigners, the government would not relinquish its ＂absolute control＂ over the lender, the Shanghai Securities News reported.     

To Launch or Not to Launch: An Empirical Estimate of New Food Product Success Rate

New product introduction is one of the most important activities for a company’s growth. It is generally accepted that new product introductions are essential to the health of food companies. Yet, many believe that most new products fail, therefore discouraging companies to introduce some new products. However, most of the estimates suggesting high failure rates are either anecdotal or qualitative. This article provides a quantitative approach to measuring new product success rates for food products and to show the relationship between the success of new product and entry strategies. This article uses a quantitative approach to measuring product success/failure exclusively for food products. The authors contend that failure rates for food products are not nearly as low, and success rates much higher than it was previously established in the literature and perceived by the industry professionals. There was a significant variability of success rates between various food groups ranging from 58% for both fruit and vegetables and desserts and ice-cream categories to 88% for baby food. Success rates also varied among the different introductory strategies of the new food products, ranging from 50% for new packaging to 75% for re-launch strategies.

Academics and practitioners usually quote very low success rates for new products based on subjective and/or strictly qualitative information. This empirical quantitative research shows that success rates for food products are much higher than previously reported. This should encourage greater use of new products to grow sales and profits. The previously reported low success rate may have led to the reluctance to introduce new products and therefore set many of the legacy food companies in their current poor financial condition.     

从人类动力学看企业新产品上市

企业行为影响着社会的进步和经济的发展,其推出新产品的频率也在不断变化着。最近人类动力学的发展给企业行为的分析提供了新的视角,本文统计了最近几年内在中国大陆上市汽车的上市时间,并进一步探讨其群体和个体层面上时间间隔在双对数坐标下的分布结构,以研究其背后的动力学特征。研究发现,前者服从指数为1．42的幂率分布,然而后者服从带有指数截断的幂率分布。显然群体和个体具有不同的分布特征,而这种混合特征可以归因于,对于个体动力学只是很少的偏差,但在群体动力学中,这些微小的偏差经过累加就变得巨大并最终造成幂率分布的不同。针对这一指数截断的幂率分布,本文设计了一个基于市场需求的产品上市动力学模型,这个模型可以和实证数据很好的拟合。     

ICBC Lends More to Private Companies

Industrial and Commercial Bank of China （ICBC）, the country＇s biggest bank, is boosting loans to small and medium enterprises （SMEs） despite higher risks from this type of lending, said the chairman of ICBC.     

“大船”安全快速行驶靠什么

还记得电影《2012》中的诺亚方舟吗,站在庞大的船体前,让记者首先联想到的是电影中那种超级震撼的场面。只不过电影中帮助人类逃生的“方舟”是在中国西藏喜马拉雅山脚下建造,而是记者身处的是江苏熔盛重工有限公司（以下简称熔盛重工）的造船厂。     

ICBC to Buy 80% of Standard's Argentine Arm

China's ICBC has agreed to buy 80 per cent ofthe Argentine operations of South Africa's Standard Bank for US$600m,according to people familiar with the plans. Standard Bank,in which ICBC is a minority shareholder,bought 75 per cent of BankBoston in Argentina in 2006,paying about US$120m.     

Emerging Market Footholds and Knowledge: An Examination of New Product Launch Performance

As developed markets become more saturated, managers increasingly recognize the value of emerging markets as venues for growth opportunities. Yet, launching products into these markets is extremely risky due to weak institutional environments (e.g., lack of physical infrastructure), making success more uncertain. To alleviate this challenge, theory points to using emerging market footholds that yield market-specific knowledge. However, it is unclear whether knowledge is realized and, if so, what facets of harvested knowledge are effective in driving performance. Accordingly, we used data collected from a survey of business professionals to examine emerging market footholds and market-specific knowledge (i.e., customer, competitor, and logistics knowledge). Our results show that the extent of market presence held by an emerging market foothold is positively associated with all types of knowledge, yet only competitor and logistics knowledge—not customer knowledge—is positively associated with product launch performance. A supplemental sample of new product launches in developed markets revealed the opposite results wherein customer knowledge was the only significant predictor. Viewed collectively, the results suggest a market maturity threshold wherein logistics and competitive knowledge becomes less influential in driving performance, and customer knowledge becomes more influential.     

China Life to Go Listed in A-share Markel Following ICBC

A China Life executive has confirmed the company is to have its shares traded on the Shanghai stock exchange following the imminent listing of the Industrial and Commercial Bank of China （ICBC）. The underwriters are expected to be the China International Capital Corp. （CICC）, CITIC Securities and Galaxy Securities, Liu Lefei, chief investment officer of China Life, told the press on September 5.     

ICBC to Go Public in 2006 amid State Banks Listing Rush

The Industrial and Commercial Bank of China (ICBC) Chair man Jiang Jianqing confirmed that the biggest state bank of China would sell shares to the public in 2006, following on the heels of the China Construction Bank and Bank of China in a market listing rush.……     

US$-RMB Exchange Rate Hits Record 1：7.9982

The exchange rate of the U.S. dollar against the Chinese currency, yuan, hit a record 1：7.9982 on May 15, the highest level since China appreciated its currency on July 21 last year.     

ICBC to Open Subsidiary Bank in the U.S.

The Industrial and Commercial Bank of China (ICBC) has planned to open a subsidiary in the United States, as part of its going-global strategy which also involves Russia,Australia and the Middle East,Board Chairman Jiang Jianqing said on October 17.     

论QDII机制对中国证券市场的影响

作为中国证券市场国际化过程中资本走出去的一个重要步骤,QDII (合格境内投资者机制)机制也已经提上了议事日程,QDII机制的实施具有深远的意义,它的推出势在必行。而正确认识实施QDII机制对中国证券市场造成的影响,有助于中国证券市场走向国际化     

China and Greece Hope to Launch Direct Air Link

On September 4, China and Greece signed a memorandum of understanding that could soon lead to direct air links between the two nations.