Summit Notebook

Exclusive outtakes from industry leaders

China resource deals still hot

Investment bankers have been saying that there are only two
things you need to know when it comes to Asia M&As — China and
resources.

Is this still the case after Rio Tinto walked away from
Chinalco’s $19 billion proposal earlier this year?

A noticeable rise has been seen over the last 12 to 18 months
in China-related mergers and acquisitions, particularly Chinese
firms moving on overseas targets, Philip Partnow, a senior banker
with UBS Securities, said at the Reuters China Investment Summit.

“My personal view is it’s a very interesting and exciting
area,” said Partnow, deputy head of UBS’s investment banking
department in China. “There’s a lot of activity.”

Lenovo’s next big thing?

Electronics is a tough business, with most manufacturers
working tirelessly on what they hope will be the next big thing,
even as they survive on razor thin profit margins.

Lenovo, the world’s No. 4 PC brand, hopes it’s on
the brink of such a blockbuster, although CFO Wong Wai Ming was coy
about disclosing any details.

from LEGACY Reuters Summits:

Lessons from children, old ladies

China's banking system could take a cue from children and
neighborhood social groups to strengthen lending rules and
ensure that credit flows to where it is needed most.

The country's banks lent a whopping record 7.37 trillion yuan
($1.08 trillion) in the first half of the year, but regulators
worry that a significant portion is not flowing into the real
economy and smaller firms where funds are needed the most.

Whitelines looks to change the “function” of paper

A group of Swedish entrepreneurs says its Whitelines product is the biggest innovation in paper since the Medieval Ages. Whitelines designer Olof Hansson says that not only is it easier to read what’s written on the pages but it is also producing paper that is socially responsible. Check out the story:

AUDIO – Real estate’s ugly confluence

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All week, we have been meeting real estate executives at Reuters Global Real Estate Summit who have discussed the many different areas of concern that have spread throughout the sector.

Some have spoken about deleveraging. Some have told us about the shrinking of values. Others have said it’s a confidence game — as in, there isn’t any.

Smaller cities’ real estate to stall- what are your town’s prospects?

New York and a handful of other major U.S. cities are down, but will never be out as far as their commercial real estate goes, a leading New York real estate private equity investor said Monday at the Reuters Global Real Estate Summit.

“New York’s not going away- it’s THE global city.”

Second tier cities are another matter entirely, said Thomas Shapiro, president of GoldenTree InSite Partners. “We are a big believer in the big city theory which is that the bigger cities will continue do better, to the detriment of secondary cities.”

AUDIO – A new emerging market for real estate

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Remember the good old days where — if you lived in the United States anyway — people would talk about “emerging markets”?

We’d nod our heads knowingly, wishing these poor folks the best as they tried to accumulate the swell things we had bought for ourselves. We knew that residents of Mumbai or Caracas or somewhere would never attain the great things we had in such abundance here in the good old USA (Hummers; his and hers monogrammed dishtowels; zero down, 110% mortgages on houses we couldn’t afford … that kind of stuff), but we still wished them well.

AUDIO – ‘Off to the Outlets’ — A new real estate mantra

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When it comes to shopping for bargains these days, retailers are expanding their window of possibilities the same way as increasingly price-conscious consumers.

While the concept of outlet malls and shopping centers was once considered a last-ditch way to unload excess inventory, Steven Tanger, chief executive at Tanger Outlet Centers, says the model is changing…and fast!

AUDIO – A record-setting blog!

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Everyone likes to set records. Think about those two giant twins who felt the need to ride motorcycles for their Guinness Book of World Records picture. What were those guys thinking?

Well, after many Reuters Summits, it seemed we set a record on Monday for the use of the word “crap” in one session.

AUDIO – Pulte Homes and the Cycle

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It’s not a motorcycle or a unicycle – we’re talking the overall real estate business cycle.

While the bulk of the focus at this year’s Reuters Real Estate Summit is on the commercial real estate side of the business, Richard Dugas, chief executive of Pulte Homes, spoke to us about how things look on the residential side of the aisle.

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