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China Oversea Acquisitions - Opinions

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發表於 2016-11-13 13:44:07 |顯示全部樓層
According to the "Information Asysmmetry" concept, a seller should know much more about the product that to be sold than the seller does. Referring back to your discussion on China recent oversea acquisitions, I have some suspicion that whether the chinese have the business acusmen, expertise, patient to run these business well in the long term say 10-20 years? There are always speculation that their oversea acquisitions is mainly if not all purpose for 走資. And particularly for national firms, their cost of capital is heavily subsidised by the state. There are always suspicion that the following transactions just few examples may already incur huge losses.
a.     CNOOC acquire share of some Canadiantar-sand oil companies
b.     Central Huijin Investment Ltd investment in Blackstones Capital just the beginning of the financial crisis year
c.     Investment in oilfield and infrastructures in Sudan before the split of Sudan into two countries
d.     Loan to Venezuela for oil
e.    Loan to Petrobras etc
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