New Zealand dairy firm Fonterra Limited plans to acquire a 20% stake of Hangzhou-based infant formula manufacturer Beingmate, in an attempt to gain greater foothold in China's dairy industry that has been rocked by scandals in the past few years, according to a joint announcement.
Washington, D.C.-based global private equity firm Carlyle Asia Investment Advisors Limited is in negotiation with one of the largest Chinese real estate developers, China Vanke Co., Ltd., to acquire some of its commercial properties through asset or share acquisitions, according to an official announcement.
Hangzhou-based female fashion sharing and communication platform Itugo.com has received approximately US$10 million dollars new round of financing from Matrix Partners, Incapital and Cash Capital, according to Chinese media reports.
Global private equity giant KKR & Co. L.P. has agreed to invest around US$400 million for an 18% stake in Shenzhen-listed Chinese chicken meat producer Fujian Sunner Development Co. Ltd., according to a joint announcement.
Indian alternative energy investment fund Nereus Capital has agreed to partner with China’s solar panel manufacturer Hareon Solar Corporation to support Indian solar power projects in the next two years, according to Hareon’s official announcement.
China's first national-level private investment fund, the RMB50 billion (US$8 billion) China Minsheng Investment, was officially launched last week to take advantage of the Chinese government's effort to open more sectors to private investment, according to a public announcement.
Hangzhou-based Chinese intelligent Wi-Fi marketing operator WiTown has received an undisclosed amount of series A financing from Alibaba Group, according to Chinese media reports.
China’s total social financing plummeted to RMB273.1 billion in July from RMB1.97 trillion in June, much lower than the RMB1.5 trillion market expectations and is the lowest monthly reading since October 2008, according to data released by the People’s Bank of China.
China's exports rose dramatically to US$212.9 billion in July, up 14.5% year-on-year, higher than market expectations, according to data released by China's General Administration of Customs. China’s import decreased by 1.6% to US$165.6 billion last month, versus a 5.5% increase in June, largely due to a high base at the same time last year. This […]
China's total social financing increased to RMB1.97 trillion in June from RMB1.40 trillion in May, higher than market expectations, according to data released by People’s Bank of China.
China’s largest state-owned asset management firm China Huarong Asset Management Co., Ltd. has been approved by regulators to sell a 20.98% stake to a consortium of eight investor for RMB14.5 billion (US$2.4 billion).
The China Securities Regulatory Commission (CSRC) has issued rules governing the domestic private equity industry, giving more space for industry self-regulation, according to an official announcement.
Standard & Poor’s Ratings Services has appointed Matthew Bosrock as executive managing director, head of Asia-Pacific (ex-Japan), succeeding Dominic Crawley, who returns to the U.K. to resume his role as global head of Standard & Poor’s Financial Services, sovereign and international public finance practices, says a company announcement.
Manulife Asset Management, the global asset management arm of Manulife Financial Corp., has appointed Peter Warnes as its head of portfolio solutions group international to expand its asset allocation investment capabilities, according to a company announcement.
CITIC Securities Co. Ltd. is planning to invested RMB500 million (US$81.3 million) in Beijing-based Chinese online video platform LeTV.com, as part of a broad strategic partnership between the two companies, according to a securities filing LeTV.com filed with the Shenzhen Stock Exchange.
Private equity funds returned US$568 billion in capital back to their institutional investor backers globally last year, up significantly from US$381 billion in 2012. It is also the highest annual total capital return ever recorded, according to data released by private equity research Preqin.
The Shanghai-Hong Kong Stock Connect pilot program, announced in April, marks an important step in China's financial market reform. It also provides Chinese and overseas investors opportunities for investment and trading.
Greater China-focused hedge funds were the star performers during July, returning 3.82% following an overall disappointing start to the year. In contrast, Asian ex-Japan hedge funds gained 2.63% and global hedge funds saw a negative return of 0.12% last month, according to data released by hedge fund tracker Eurekahedge.
The author is ANZ greater China chief economist Liu Li-Gang With the economy recovering steadily, it is now a market consensus that the U.S. Fed will likely raise interest rate in 2015. The Hong Kong government is worried that such a move will cause massive capital outflows and result in a "perfect storm", citing that […]
Dr. Sukhdave Singh, deputy governor of the Central Bank of Malaysia gave the following speech on August 12 in Malaysia From where we stand today, the world is clearly ready for a global RMB. The question is whether China itself is ready.
The author is China International Capital Corporation (CICC) analyst Wang Hanfeng The H-share market largely flattened last week, with the MSCI China Index gaining just 0.2%. Despite the improving overseas environment, last Thursday’s announcement of a surprisingly weak August HSBC PMI flash number once again raised questions over the sustainability of China’s recent growth recovery […]
China's property sector is going through a structural turning point, and policy easing can only help stabilize but not turn around the downshift. The Chinese property sector will continue its slowdown into 2015, and weigh more heavily on the economy, according to a research report by UBS AG.
Capital inflows into China will make a U-shaped recovery during the second half of this year, forecasts BofA Merrill Lynch in a research report.
As the Hong Kong government revises down its annual GDP growth range to 2% to 3% from its original forecast of 3% to 4% for 2014, BofA Merrill Lynch is also downgrading its growth forecast for the special administrative region to 2.3% from 2.6% this year, much lower than market consensus of 3.2%, according to […]
The author is Standard Chartered China's macro research team China’s housing market has been identified by some as the biggest risk to the global economy. There is unfortunately little independent data – apart from apartment sales and new project starts – to help us assess what is really going on, or what developers plan to […]