China business news digest

Shanghai becomes first major city to abandon GDP growth target, and Chinese investment in overseas property sector increases 46 per cent in 2014.

A big hangover for water drinkers

How do we pay for infrastructure that isn't worth what we spent on it?

Lazard joins Barclays as adviser to QIC, IFM

Potential bidders for east-coast electricity assets continue to jostle for position.

Focus turns to Lazard’s next move

Latest talk surrounding $50bn selldown of east coast electricity assets centres on intentions of boutique advisory firm.

Vic govt mulls law against East-West compensation

by AAP
Premier Andrews won't rule out legislating to avoid compensation claim.

No need to buy back assets: Newman

by AAP
Queensland premier says state won't have to buy back state assets after 99-yr leases end.

Dumping East West Link may cost $1.2bn

by AAP
Victorian govt plan to tear up contract for East West Link may meet legal roadblocks.

China’s State Grid in bid for power assets

Chinese giant hires HSBC to join race for up to $50bn worth of east-coast electricity assets.

Push to widen WA port sale

Advisers may be trying to convince the WA govt to include other state assets.

Business backs Qld asset sales

Key business leaders have backed Campbell Newman’s agenda of privatisation.

The factors behind Cardno's leadership shake-up

The Cardno board is looking for a new person at the helm to grow the business the old-fashioned way.

DataRoom AM: Leighton lightens the load

Leighton reportedly puts another subsidiary on the auction block, while the sale of GE Capital’s local consumer lending business nears completion.

QIC sizes up asset sales

Queensland Investment Corporation may team IFM to compete for east coast electricity assets.

Cardno shares plunge as CEO resigns

Infrastructure services group chief executive resigns after 10 months, shares lose 13%.

Qld asset leases depend on prices: Newman

by AAP
Premier says power and infrastructure assets won't be leased unless they get 'full value'.

SMSFs should get a piece of the infrastructure pie

By making it easier for self-managed super funds to invest in infrastructure projects, the government could both bolster its push for infrastructure-led growth and build community consensus for major projects.

Telstra doubles its Asian reach

1 comment
With the $850 million acquisition of Pacnet, Telstra's Asian ambitions are progressing at a fast clip. In this video Stephen Bartholomeusz explains why it's a much better strategy than becoming a domestic, dividend-focussed company.

Transfield puts its credibility on the line

Transfield's rejection of Ferrovial's bid highlights its confidence, but the disparity between its share price and the Spanish group's offer will put it under pressure to perform.

Funds in pole position for big power sell-off

NSW fires the starting gun on a round of speed dating for super funds, sovereign funds and trade buyers.

NSW to consider float of power distributors

Poles and wires businesses Ausgrid and Endeavour Energy could be sold via IPO.