Guangzhou-based Chinese multi-rotor and drone maker XAircraft has received US$20 million series A financing from Shanghai-based venture capital firm Chengwei Capital, according to Chinese media reports.
Singapore's sovereign wealth fund GIC has invested US$104 million in Taiwanese music streaming service provider KKBOX, according to the two parties’ joint announcement.
Beijing-based Chinese private equity firm Hony Capital is to sell exit 650 million shares of Hong Kong-listed Chinese generic drugs maker CSPC Pharmaceutical Group Limited. for HK$6.30 apiece, in another exit from the company that will net Hony a total of HK$4.1 billion (US$528 million), according to CSPC’s official statement.
CITIC Private Equity is to exit from Beijing Jialin Pharmaceutical Co., Ltd. through a trade sale. It will sell its 10.26% stake to Yantai, Shandong province-based Chinese drug-maker Luye Pharma Group for RMB589 million (US$95.88 million), according to an announcement made by Luye.
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.
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.
As global hedge funds attract capital from private and retail investors, capital from institutional investors including pension funds, foundations and endowments now represents 63% of total hedge fund assets, down from 65% at the end of 2013, according to a survey conducted by investment research firm Preqin.
The Hong Kong Exchanges and Clearing Limited (HKEX) has completed the first round of market rehearsal for the much-expected Shanghai-Hong Kong Stock Connect pilot program smoothly during the past weekend, according to an announcement.
BNP Paribas Investment Partners today announced the appointments of Tino Moorrees as CEO Hong Kong and Ryohei Shimazaki as CEO and president of BNP Paribas Investment Partners Japan Ltd., effective September 1 and June 25, respectively, according to a company announcement.
Palo Alto, California-based U.S. electric car maker Tesla Motors Inc. has signed an agreement with China’s second-largest telecommunications company China United Network Communications Group Co., Ltd. to build 400 charging stations in 120 Chinese cities at China Unicom branch offices, according to media reports.
China's Dalian Wanda Group has teamed up with Baidu, Inc. and Tencent Holdings Limited to establish a joint venture e-commerce company in Hong Kong with an initial investment of RMB5 billion (US$810 million), according to a joint announcement.
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.
China's newly-passed budget law amendment that allows local governments to issue bonds will help alleviate systematic risk for the country's financial system, says Wang Tao, head of China Economics Research at UBS AG, in a research report.
China's weakening manufacturing economic indicators came out below market expectations, confirming the sluggishness of the economy and the softening momentum. But the Chinese government is likely to step up support to the economy in order to achieve its growth goals this year, says a report by BofA Merrill Lynch Global Research.
The author is ANZ greater China chief economist Liu Li-Gang Taiwan is reportedly to embark local RMB fixings for interest rate and exchange rate in the interbank market, effective from September 1. The interest rate fixing will be called CNT TAIBOR Benchmark. The RMB exchange rate fixing is reportedly to be priced against U.S. dollar, […]
Investigations by China's National Development and Reform Commission (NDRC) into anti-competitive behavior in the autos sector have raised regulatory uncertainty and risk for international car makers, says credit rating agency Fitch Ratings.
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.