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Maybe word is getting out that this orchestra is one of Anchorage's undiscovered cultural treasures..and a headache for Mitta One country, two systems the muchpraised formula under which Hong Kong is governed as a Chinese special administrative region has landed executives at ArcelorMittal, the world's largest steel company, in an interesting predicament. Earlier this year, as it acquired a 28 per cent stake in China Oriental, a small Chinese steelmaker, ArcelorMittal was also engaged in delicate negotiations with the company's controlling shareholder, Han Jingyuan, to buy out his 45 per cent interest. China Oriental may be a private enterprise registered in Bermuda and listed in Hong Kong, but foreign ownership of Chinese steel assets is still a sensitive matter. ArcelorMittal was, therefore, careful to emphasise that its deal with Mr Han was subject to Chinese government antitrust clearance. Lakshmi Mittal talks to the FT Enter then Hong Kong's regulator, the Securities and Futures Commission. The SFC was concerned that ArcelorMittal had been acting in concert with Mr Han for months and was.
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