China Huarong’s Lai Xiaomin Said Investigated For Financing Private Company

Last week, it was learned that Lai Xiaomin, party secretary and chairman of China Huarong Asset Management Co., Ltd., is under investigation due to "severe disciplinary breaches." Now news reports are emerging that the instigation is tied to the company’s financial backing of a private electrolytic manganese manufacturer Ningxia Tianyuan Manganese Industry Co., Ltd.

Ping An Healthcare To Raise Up To $1.12B In Hong Kong IPO

Ping An Healthcare And Technology Co., Ltd., which operates the popular healthcare and medical mobile app Ping An Good Doctor, will raise up to US$1.12 billion in a public offering in Hong Kong, according to a newly filed prospectus with the HKEX.

China’s HNA Group Looks To Sell US$6.3 Billion Stake In Hilton Worldwide

Financially-troubled Chinese conglomerate HNA Group Co Ltd. is looking to sell "some or all" of its US$6.3 billion stake in Hilton Worldwide Holdings Inc., according to a regulatory filing by Hilton. HNA, whose holdings range from airlines to hotels and financial services, is rapidly shedding assets to regain financial stability following a two-year, US$50 billion acquisition spree.