FUNDS

Danone To Acquire 25% Of Private Equity-Backed Yashili

Danone To Acquire 25% Of Private Equity-Backed Yashili

Dairy giant Danone SA has agreed to acquire a 25% stake in Chinese milk powder maker Yashili International Holdings Ltd. for €437 million (US$550 million), according to a company announcement. Danone is to subscribe shares of the Hong Kong-listed Yashili at a price of HK$3.70 per share in a private placement deal. As part of […]

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Source Code Capital Leads $5M Series A For Ebaoyang.Cn

Source Code Capital Leads $5M Series A For Ebaoyang.Cn

Beijing-based online-to-offline (O2O) car maintenance service provider Ebaoyang.cn has received US$5 million series A financing led by Source Code Capital, a Chinese angel and venture investment firm, according to Chinese media reports. Gao Feng, co-founder and CEO of Ebaoyang.cn, says that the capital will be used to update the company's hardware and software facilities, and expand […]

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Jynwel Capital Targets Salamander Energy Buyout

Jynwel Capital Targets Salamander Energy Buyout

London Stock Exchange-listed oil and gas exploration and production firm Salamander Energy says it was approached by a consortium led by Hong Kong-based private equity firm Jynwel Capital and Spanish oil and gas company Compañía Española de Petróleos to acquire the company, according to a regulatory filing. Salamander Energy, based in London and mostly operates […]

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CEL Launches $1.23B Fund To Back Beijing Property Project

CEL Launches $1.23B Fund To Back Beijing Property Project

China Everbright Limited (CEL), the Hong Kong-listed financial services arm of China Everbright Group, says it has established a RMB7.5 billion (US$1.23 billion) investment fund to back one major property project in suburban Beijing, according to a company announcement. The fund is initiated by Everbright Ashmore, a subsidiary of CEL that focuses on private equity […]

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QCCI To Jointly Establish Clean Tech Fund With Cycle Capital

QCCI To Jointly Establish Clean Tech Fund With Cycle Capital

Quebec-based Canadian clean tech private equity firm Cycle Capital Management will support Qingdao City Construction Investment Group (QCCI) to set up a venture capital fund in Qingdao as part of an agreement to establish a strategic partnership between the two parties, according to a company announcement. Under the agreement, QCCI will partner with Cycle Capital Fund […]

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COFCO Plans IPO Of Private Equity-Backed Agriculture Assets

COFCO Plans IPO Of Private Equity-Backed Agriculture Assets

Beijing-based agricultural conglomerate COFCO Corporation is planning an IPO during the next three years to list the agriculture assets it acquired together with Chinese and international private equity investors this year, according to comments made by COFCO's CEO Frank Ning during a company press conference. At the same time, COFCO says that it has completed […]

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BVCF-Backed Jaguar Animal Health Plans $54M US IPO

BVCF-Backed Jaguar Animal Health Plans $54M US IPO

San Francisco-based veterinary drug developer Jaguar Animal Health Inc., backed by China-focused life sciences private equity investor BVCF, is planning an IPO on the NASDAQ to raise as much as US$54 million, according to a regulatory filing. The company is planing to sell five million shares at an indicative price range of of US$7 to […]

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Lone Star Appoints Mark Newman As Head Of Asian Real Estate

Global private equity firm Lone Star Funds has appointed Mark H Newman as its head of real estate investment in Asia, according to media reports. Newman is formerly global co-head and chief investment officer for Lehman Brothers' real estate private equity business. Most recently, he has been managing independent investment manager Broadcliff Capital Partners in […]

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Guangdong Highsun Group To Launch $250M Private Equity Fund

Guangdong Highsun Group To Launch $250M Private Equity Fund

Shenzhen-listed commercial property and chemical manufacturer Guangdong Highsun Group Co., Ltd. is planning to establish a RMB1.5 billion (US$250 million) private equity fund to invest in the entertainment and Internet Of Things (IoT) sectors in China, according to a regulatory filing. The fund, named Haihe Entertainment & Internet Equity Investment L.P., will also target Private […]

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ECONOMY

China's HSBC Flash PMI Slightly Up To 50.4 In Oct

The HSBC flash China Manufacturing Index (PMI) edged up to three-month high of 50.4 in October, slightly up from 50.2 final reading in September, in line with market estimates.

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China's GDP Slows To 7.3% In Q3

China's GDP growth slowed to 7.3% in the third quarter amid weaker domestic demand, beating market expectation of 7.2%, according to China's National Bureau of Statistics.

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China's CPI Moderates To 1.6% In September

China consumer price index (CPI) increased 1.6% year-on-year in September, the lowest level since January 2010, according to data released by China's National Bureau of Statistics.

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China's September Exports Bounce Back To 15.3% Growth

China’s export for September picked up by 15.3% year-on-year to reach US$213.7 billion, beating market estimate, according to data released by China's General Administration of Customs.

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China's Official PMI Remains Steady At 51.1 In September

China's official purchasing manufacturing managers' index (PMI) remains constant at 51.1 in September over the previous month, according to data released by China’s National Bureau of Statistics.

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China's HSBC Flash PMI Slightly Up To 50.5 In Sep

The HSBC flash China Manufacturing Index (PMI) came in at 50.5 in September, slightly up from 50.2 in August. The reading is a two-month high. The flash China Manufacturing Output Index was 51.8 in September, unchanged from August’s two-month low.

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China's New Loan Reaches RMB703B In August

Data for new RMB loan in August turned in line with expectations, reaching RMB703 billion, though RMB10 billion less over one year earlier, according to data released by the People’s Bank of China.

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China's CPI Moderates To A 2% Increase In August

China consumer price index (CPI) increased 2.0% year-on-year in August, compared with market consensus of 2.2% and July's 2.3% hike, according to data released by China's National Bureau of Statistics.

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China's August Exports Slow Down To 9.4%

China’s exports rose 9.4% in August over a year earlier to US$208.5 billion, slightly above market expectation, down from a growth rate of 14.5% in the prior month, according to data released by China's General Administration of Customs.

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BUSINESS

China Invested $267B In Clean Energy From 2008 To 2013

China Invested $267B In Clean Energy From 2008 To 2013

China ranks as the largest manufacturer of wind and solar equipment in the world, and is also the largest demand market for the two industries, according to a research report jointly released by U.K.'s the Department for International Development, the Inter-American Development Bank Group and the Bloomberg New Energy Finance. China has invested US$54.5 billion […]

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Asian Buyers Set For Historic Year of Buying US Multifamily Properties

Asian Buyers Set For Historic Year of Buying US Multifamily Properties

Asian investors are on track to spend more on U.S. multifamily assets in 2014 than at any other point in history, according to the latest research from global property consultancy CBRE. U.S. multifamily has seen a significant increase in investment volumes by Asian buyers so far in 2014, with US$522 million of transactions completed from […]

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Emerging Market IPOs On Course For A Blockbuster Year

Emerging Market IPOs On Course For A Blockbuster Year

Companies from emerging markets have completed IPOs raising a total of US$41.4 billion during the first three quarters this year, up 155% from US$16.2 billion for the entire year of 2013, making 2014 set for a blockbuster year in emerging market IPOs, according to data released by global law firm Baker & McKenzie. Bolstered by […]

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China To Become World's Second Largest Medtech Market By 2020

China To Become World's Second Largest Medtech Market By 2020

China’s medical technology (medtech) market will grow at 14% compound annual growth rate from 2013 to 2020 to reach US$55 million in total size by 2020, making it the world's second largest medtech market, says a new report released by The Boston Consulting Group. China’s healthcare reform has significantly transformed the healthcare system, including changing […]

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Alibaba Group Re-Brands Taobao Travel To Alitrip

Hangzhou-based Chinese e-commerce giant Alibaba Group Holdings Ltd. says its online travel business, Taobao Travel, will become an independent business and be re-branded as Alitrip, according to a company announcement. Like Taobao Marketplace, Tmall.com and Juhuasuan, Alitrip will be another marketplace platform under Alibaba Group with a new independent web domain www.alitrip.com. "This initiative is […]

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Venture And Private Equity Investment Quadruples In China

Venture And Private Equity Investment Quadruples In China

Venture capital and private equity investments in China grew almost four times in terms of deal value so far this year to reach a total of RMB92.9 billion (US$15.1 billion) from RMB20 billion (US$3.3 billion) during the same period last year, according to data from Wind Information Co., Ltd. In terms of deal volume, there […]

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Shanghai-Hong Kong Stock Connect To Delay Official Launch

Shanghai-Hong Kong Stock Connect To Delay Official Launch

The Shanghai-Hong Kong Stock Connect pilot program, announced in April, will not launch in the month of October, and there is no firm date for the official implementation of the plan, says a statement posted on the website of Hong Kong Exchanges and Clearing Limited. The stock exchanges are technically ready to implement the pilot […]

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Mitsui & Co. Acquires 20% Of Tsit Wing International For $20.6M

Mitsui & Co. Acquires 20% Of Tsit Wing International For $20.6M

Hong Kong-based food conglomerate Tsit Wing International Holdings Limited says that Mitsui & Co., Ltd. has acquired less than 20% stake for JPY2.2 billion (US$20.6 million) to become a strategic investor of the company, according to a company announcement. Mitsui & Co., a Japanese general trading companies and part of the Mitsui Group, bought the […]

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Advent International Adds Yu Dahai As Operating Partner

Global private equity firm Advent International says it has hired Dr. Yu Dahai as an operating partner in the chemicals sectors, according to a company announcement. Dr. Yu will advise and work closely with Advent’s chemicals team to help source new investment opportunities globally, including China.

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OPINION

China Reveals New Measures To Support Consumption And Real Estate

China Reveals New Measures To Support Consumption And Real Estate

China's State Council announced new policies to support consumption and residential property demand. These measures are in line with the expectation that Beijing will roll out more targeted easing measures in the coming weeks to bolster the launch of the Shanghai Hong Kong Stock Connect and the APEC conference in November, says a research report […]

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Two-Way Bets On The RMB Begin To Emerge

Two-Way Bets On The RMB Begin To Emerge

The 2.2% appreciation in the RMB since May suggests that capital inflows into China remain strong, and the authorities will likely use administrative measures to clamp down on any speculative behavior in the future, says a research report issued by the Australia and New Zealand Banking Group Limited (ANZ). When China’s forex reserves data for […]

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How To Read The Major Decisions Of China's Fourth Plenum

How To Read The Major Decisions Of China's Fourth Plenum

Following the Fourth Plenum, the Communist Party of China leased a document on the rule of law, which sets out a comprehensive blueprint to uphold the authority of China's Constitution and laws. The challenge of fully implementing the reforms, however, is enormous. It could be harder than many economic reforms, says a research report by […]

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Standard Chartered Expects China To Cut Interest Rate In Q4

Standard Chartered Expects China To Cut Interest Rate In Q4

With China’s economy facing a difficult time ahead and targeted easing measures failing to revive growth, Standard Chartered Bank says it now expects a broad interest rate cut in the fourth quarter by China to meet the official growth target this year, according to a research report issued by the bank. China’s economic growth slowed […]

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China Adjusts Financing Market Policies To Support Growth

China Adjusts Financing Market Policies To Support Growth

The Chinese government announced approval new policy measures to explore and create new financing channels for fixed asset investment last week, wishing to improve investment demand, reflecting the government's focus on achieving its "around 7.5%" GDP target for the whole year, says a report by Goldman Sachs Gao Hua Economics Research. Premier Li Keqiang held […]

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Did China's 4th Plenum Beat Expectations?

Did China's 4th Plenum Beat Expectations?

Now, China's ruling Communist Party (CPC) just completed its four-day 4th Plenum. How is the market going to react? According to a research report by BofA Merrill Lynch Global Research, it should be overall positive, as the CPC emphasizes constitution more than ever, and the messages of the communique released today by the official Xinhua […]

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China's October PMI Signals A Stabilizing Economy

China's October PMI Signals A Stabilizing Economy

China's HSBC flash PMI edged up to 50.4 in October from 50.2 in September, slightly strong than market expectation of 50.2. This signals that growth momentum has only succeeded in stabilizing, but more policy easing is needed to achieve growth target, says a research report issued by Nomura. The index' components are not as encouraging […]

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Reading China's Property Sector In Today's Two-Tier Interest Rate World

Reading China's Property Sector In Today's Two-Tier Interest Rate World

In today's two-tier interest rate world, the Chinese property sector looks particularly fragile, says a research report written by Mark Tinker, head of AXA Framlington Asia, a specialist investment management firm within the AXA Investment Managers Group. Currently, of the US$37 trillion in global government bond markets, 60% of them are yielding less than 1%, […]

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China Business Sentiment Hits Eight Month Low In October

China Business Sentiment Hits Eight Month Low In October

Business confidence slipped for the second consecutive month in October, falling to an eight month low. The MNI China Business Indicator fell to 51.7 in October, a further deterioration from September’s sharp decline to 52.2, according to latest data jointly released by MNI Indicators and Deutsche Börse Group. While the indicator remains above the breakeven […]

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