COSCO launches $235 million ABS

Article Abstract:

China Ocean Shipping Co. (COSCO) completes the placement of a five-year $235 million asset-backed securities issue based on its future freight receivables. This deal which will fund COSCO's future shipping investments and help to diversify other areas of its business, shows the confidence of foreign investors in China's export business.

Deep sea foreign trans. of freight, Deep Sea Foreign Transport, Deep Sea Freight Transportation, Securities, Shipping industry, Marine transportation, China Ocean Shipping (Group) Co.

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Stuart Leckie at Petrus

Article Abstract:

In an interview with Stuart Leckie, director of Exchange Fund Investment Ltd. (EFIL) in Hong Kong, he talks about his opinions on China's pension problems and what EFIL is trying to do about them. Details of the interview and of Leckie's opinions are presented.

Pension, health, and welfare funds, Employee Benefits Management Svcs, Third Party Administration of Insurance and Pension Funds, Officials and employees, Beliefs, opinions and attitudes, Pensions, Business consultants, Management consultants, Employee benefits management services, Leckie, Stuart, Woodrow Milliman China Ltd., Exchange Fund Investment Ltd.

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Subjects list: Statistical Data Included, China
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