FUNDS

Temasek Fully Exits From New China Life Insurance

Singapore's sovereign wealth fund Temasek Holdings exited its entire stake in New China Life Insurance (NCI) last week for a total of proceeds of US$276 million, according to media reports.

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Big Data Firm Baifendian Receives $25M Series C

Beijing-based big data technology developer and service provider Baifendian Corporation has received US$25 million in series C financing, according to the company’s announcement. Details of the round's investors are not disclosed. Baifendian previously received US$10 million series B financing from Zhejiang Shinkansen Media Investment and IDG Capital Partners in July 2013. Two years before that, […]

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EQT Acquires Majority Stake Of Hong Kong's Dataflow

Northern Europe private equity firm EQT Partners has acquired a majority stake in Hong Kong-based immigration compliance and credential verification service provider Dataflow from its founders, according to an announcement made by EQT.

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Qualcomm Commits $150M To Invest In Chinese Tech Start-Ups

San Diego-based wireless telecommunications firm Qualcomm Incorporated says it has made a commitment to invest up to US$150 million in Chinese start-up companies across all stages, according to a company announcement.

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WH Group Prices Slimmer $2B HK IPO

Hong Kong-based Chinese pork producer WH Group Ltd. has priced its Hong Kong initial public offering, planning to sell 2.6 billion shares at HK$6.20 apiece to raise a total of HK$15.9 billion (US$2 billion), according to a securities filing of the company.

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Hony Leads $50M New Round For Deem

San Francisco-based cloud and mobile commerce firm Deem says it has completed a US$50 million new round of financing led by China-focused middle-market private equity firm Hony Capital, according to an announcement made by Deem.

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CLSA Launches $295M Global Fund With Korea's Nexen

Asian alternative investment firm CLSA Capital Partners has launched a KRW300 billion (US$295 million) Nexen Global Co-Investment Fund, its first private equity fund based in Korea, according to an announcement made by CLSA.

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Hao Capital, Baidu, DCM Back Beijing Wanxue Education

Beijing-based private equity firm Hao Capital says that it has participated in series C financing for Beijing Wanxue Education Technology Limited, alongside co-investors Baidu Inc. and Doll Capital Management (DCM), according to an announcement made by Hao Capital.

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Taiwan's Fubon Injects $20M In Fosun's Outbound Fund

Taiwan-based Fubon Financial Holdings has committed US$20 million to Fosun International's outbound investment fund, according to media reports. After the completion of the deal, Fubon Financial will hold 3.81% of the fund, which seeks to invest in overseas companies that wish to expand in the Chinese markets. Fosun's outbound fund has a fundraising target of […]

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ECONOMY

China's GDP Beats Estimate, Up 7.5% In Q2

China's GDP growth expanded to 7.5% in the second quarter from 7.4% in the first quarter this year due to pro-growth fiscal policies and improving external demand, according to China's National Bureau of Statistics.

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China's Total Social Financing Increased To RMB1.97T In June

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.

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China's June Export Expands 7.2%

China’s exports rose 7.2% year-on-year to US$186.8 billion in June, lower than market expectation, but up from the 7.0% growth recorded in the previous month, according to data released by China's General Administration of Customs.

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China's CPI Climbs 2.3% In June

China’s June consumer price index (CPI) recorded a 2.3% increase year-on-year, which was lower than last month’s 2.5%, and also slightly lower than market expectations of 2.4%, according to data released by the National Bureau of Statistics.

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China’s Official PMI Increases To 51.0 In June

China’s official manufacturing purchasing managers' index (PMI) picked up to 51.0 in June from May’s 50.8, hitting a six-months high, according to data released by China’s National Bureau of Statistics.

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China's June Flash HSBC PMI At Seven-Month High

The HSBC Flash China Manufacturing Purchasing Managers' Index (PMI) came in at 50.8 in June, showing the highest reading since November. It was the first time this year the reading reached above the 50-point level that separates expansion in economic activity from contraction.

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China’s New Home Prices Deteriorated Further In May

New home prices (excluding affordable housing) fell in 35 of 70 medium-to-large-sized Chinese cities in May, up from April’s 8 cities that saw price reductions, according to data released by the National Bureau of Statistics. A total of 8 among the 70 cities saw home prices increase compared with 44 cities in April.

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China's Total Social Financing Fell To RMB1.4T In May

New RMB loan surprisingly reached RMB 870.8 billion in May, 201.4 billion higher than a year before, according to data released by the People's Bank of China. The figure beats the market consensus of RMB750.0 billion.

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China's May CPI Saw 2.5% Increase

China’s May consumer price index (CPI)  reached a 2.5% increase year-on-year, which was higher than last month’s 1.8% and was in line with expectations, according to data released by the National Bureau of Statistics. The increase in the main inflation gauge reflects an easing threat of deflation.

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BUSINESS

Shanghai FTZ To Welcome Mainland's First Foreign-Owned Hospital

German healthcare company the Artemon Group has signed a strategic agreement with the Shanghai Waigaoqiao Free Trade Zone Development Co., Ltd. to establish the first wholly foreign-owned hospital in mainland China, according to official Chinese news reports.

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Fosun International Acquires 20% Of Spain's Osborne Group

Fosun International Acquires 20% Of Spain's Osborne Group

Fosun International Limited has entered into a strategic partnership with the Osborne Group by acquiring a 20% stake of the Spanish ham and wine producer, according to Osborne’s official announcement. The deal size and specific details of the investment are not disclosed.

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China Pushes Forward Reform Of Its State-Owned Enterprises

China's State-owned Assets Supervision and Administration Commission of the State Council (SASAC) has proposed to establish State Capital Investment Companies (SCICs), in a move that signals a step forward for state-owned enterprise (SOE) reform.

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Wanda Group Plans To Set Up Financial Shareholding Subsidiary

Wanda Group Plans To Set Up Financial Shareholding Subsidiary

Chinese commercial property developer Dalian Wanda Group is planning to establish a financial shareholding company to expand the group's businesses to the financial services industry, says chairman Wang Jianlin in the company's 2014 semi-annual report.

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Macau Records First Monthly Gaming Revenue Decline In Five Years

Macau Records First Monthly Gaming Revenue Decline In Five Years

Macau's total gross gaming revenue dropped 3.7% in June to 27 billion patacas (US$3.4 billion), the first decline in five years, because of softness in the VIP table segment and the distractions of the World Cup, according to Macau’s Gaming Inspection and Coordination Bureau.

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Top 100 Alternative Managers Invest Only 7% In Asia

Top 100 Alternative Managers Invest Only 7% In Asia

Global alternative investment funds now manages a total of US$5.7 trillion in assets, with the top 100 alternative managers taking 58.9% of that total with assets-under-management of US$3.3 trillion in the year of 2013, according to a new report issued by global professional services company, Towers Watson.

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China To Liberalize Its Fund Management Industry With New Rules

The Chinese securities regulator issued two sets of rules last week aimed at further liberalizing its fund management industry, according to announcements posted on the organization's official website.

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ConAgra Foods Acquires China's TaiMei Potato For $93M

ConAgra Foods Acquires China's TaiMei Potato For $93M

U.S. packaged food company ConAgra Foods, Inc. has acquired Inner Mongolia-based Chinese potato processor TaiMei Potato Industry Limited for US$93 million, according to a company announcement.

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Chinese Hedge Funds Down 1.38% For 1H 2014

Chinese Hedge Funds Down 1.38% For 1H 2014

Greater China-focused hedge funds produced their second consecutive month of positive returns, up 1.56% in June. Though they remain in the red with a negative return of 1.38% for the first half of the year, according to data newly released by hedge fund research firm Eurekahedge.

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OPINION

China's Onshore And Offshore RMB Market To Converge

China's Onshore And Offshore RMB Market To Converge

As China deepens financial reforms to allow the RMB exchange rate to be more flexible and provide growing liquidity, the pricing of onshore and offshore RMB markets will converge over the medium to long term, according to a research report by Deutsche Bank AG.

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China's Strong PMI Signals Economy Is Rebounding

China's Strong PMI Signals Economy Is Rebounding

The author is Nomura Global Markets Research The HSBC flash Purchasing Managers' Index (PMI) rose to 52.0 in July from a final June reading of 50.7, much stronger than market expectations of 51.0.

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The Worst May Be Over For China's Private Equity Industry

The Worst May Be Over For China's Private Equity Industry

The author is Peter Fuhrman, chairman and CEO of China First Capital In 2014, there are signs that the worst may now be over for China's private equity industry. The industry may be pulling out of a tailspin.

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Taiwan Banks' China Exposures To Double By 2016

Taiwan Banks' China Exposures To Double By 2016

The author is Fitch Ratings Inc. Taiwanese banks' exposures to China have grown rapidly since 2010, and should almost double to 13% as a proportion of system assets by 2016. China exposure will increasingly become a downside factor for Taiwanese banks should their exposures grow excessively without generating strong profit, as capital is inadequate to […]

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Investors Are Buying Cheap Emerging Market Stocks

Investors Are Buying Cheap Emerging Market Stocks

The author is Russ Koesterich, chief investment strategist at BlackRock China's GDP growth in the second quarter rose by 2% quarter-on-quarter, versus expectations of 1.8%. It is also an improvement from the 1.5% quarter-on-quarter growth registered in the first quarter this year.

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Markets Underestimate Worst Case Scenario In Ukraine

Markets Underestimate Worst Case Scenario In Ukraine

The author is Gary Dugan, chief investment officer at National Bank of Abu Dhabi The downing of a civilian airline is a serious worsening of the crisis in the Ukraine. Whilst we might make light of the central bankers, politicians are now called on to act responsibly to defuse a possible major geopolitical crisis in […]

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Beijing Firms Up On Its 7.5% Growth Goal

Beijing Firms Up On Its 7.5% Growth Goal

The author is Nomura Global Markets Research According to the Chinese central government's official website, the State Council emphasised at a regular meeting on July 16 that "the key economic targets that we set in the Government Working Report were decided by the Central Economic Working Conference and approved by the National People's Congress. They […]

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Hong Kong-Shanghai Stock Connect Poses Liquidity Challenge

Hong Kong-Shanghai Stock Connect Poses Liquidity Challenge

The author is ANZ greater China chief economist Liu Li-Gang The Hong Kong Monetary Authority (HKMA) is in discussion with local banks to develop measures addressing the rising liquidity demand in Hong Kong as a result of the expected launch of the Hong Kong-Shanghai Stock Connect Program.

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Is China's Fiscal Stimulus The Medicine With No Side Effect?

Is China's Fiscal Stimulus The Medicine With No Side Effect?

The major driver behind China's economic rebound is Beijing's stimulus measures focusing on increasing spending on railway and social housing. The negative impact of the fiscal stimulus on the financial system is thus relatively small, and Beijing is like to continue its mini-stimulus in the second half of the year, according to a new research […]

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