BizChina

The chairman of one of China’s largest financial information companies has formally become the country’s newest billionaire after a successful listing at the Shanghai Stock Exchange today.

Shares in Shanghai Great Wisdom closed at 25.38 yuan, or about $3.85, up from their IPO price of 23.20 yuan. Chairman Zhang Changhong’s 386 million shares in the company were worth 9.8 billion yuan, or approximately $1.5 billion, at the day’s close.

Buoyed by a strong economy, China has emerged as one of the world’s fastest-growing countries for new billionaires in recent years. It had 128 of them on Forbes Asia’s China Rich List published last October, the second-largest group in the world after the United States.

Shanghai Great Wisdom provides financial statistics and analysis to about 10 million users daily though PC terminals plus another two million via mobile phone, according to a report by brokerage SWS.

There is no limit to Wall Street’s ingenuity– especially when a brand new exciting opportunity presents itself to profit in the most dynamic of all the emerging markets, China.

Morgan Stanley, for example, has wasted no time in creating its own clever way to invest in China; a 5 year note with a stepped up interest rate that will be denominated in the Chinese currency– another example of Wall Street’s newest way to profit from the rise of China’s economy and the expectation that the value of its currency will rise in relation to the dollar. I say it’s like shooting ducks in a barrel.

The sale of Morgan Stanley Senior Fixed Rate Step-Up-Securities due in February, 2016 is also a clever way for the investment bank to raise capital for its own operations. The firm plans to list the notes for trading on the London Stock Exchange.

Coach is a leading American marketer of luxury lifestyle handbags and other fashion accessories for both men and women. It is one of the most well-known accessories brands in the U.S. and also maintains a presence in select international markets.

Coach competes with other premium apparel and accessories players like Polo Ralph Lauren, Liz Claiborne, and AnnTaylor, as well as high-end brands like Louis Vuitton, Hermes, Gucci and Prada.

Over the years, Coach has significantly increased its presence in international markets, with Japan being its prime success story. The Coach brand gained tremendous popularity in Japan at a time when standards of living were on the rise in the country. It successfully avoided direct competition with luxury brands like Louis Vuitton and Gucci, and “absolute” luxury brands like Hermes and Loro Piana by establishing itself as an “affordable” luxury player in a highly competitive market.

Huawei Technologies Co. has sued to delay the sale of some Motorola assets to Nokia Siemens Networks, claiming it would improperly transfer the Chinese company's intellectual property.

Motorola, which has since split into two companies, agreed in July to sell the bulk of its network-equipment business to Nokia Siemens Networks for $1.2 billion. In a suit filed Monday in federal court in Chicago, Huawei asked a judge to hold up the sale until its intellectual property claim can go through arbitration.

Motorola's deal with Nokia Siemens, originally expected to close last year, has been delayed into the current quarter, as the antitrust arm of China's Ministry of Commerce reviews the transaction, Nokia Siemens said last month. Huawei was among the companies that explored buying the business.

The Chinese company said Motorola has sold rebranded Huawei equipment since 2000; and Huawei argues the Nokia Siemen's deal would turn its technology over to one of its biggest competitors.