Taiwanese telecommunications firm Far EasTone Telecommunications Co. and Morgan Stanley Private Equity Asia (MSPEA) have agreed to acquire Taiwan’s largest cable operator China Network Systems (CNS) for approximately US$2.3 billion, according to media reports. The two parties will acquire CNS from Asia-focused private-equity firm, MBK Partners, which bought a 60% stake in the Taipei-based cable firm in 2007.
Chinese e-commerce giant Alibaba Group Holdings plans to set up a NT$10 billion (US$316 million) not-for-profit fund to boost entrepreneurship among young people in Taiwan, according to a company announcement. The move follows last month’s establishment of the Alibaba Hong Kong Young Entrepreneurs Foundation that aims to raise HK$1 billion (US$129 million) to boost entrepreneurship in Hong Kong.
Taiwanese brokerage firm MasterLink Securities Corporation has won regulatory approval to set up a RMB100 million (US$16 million) venture capital fund in the city of Tianjin in China, according to a company announcement. The fund, which initially is targeting to invest in emerging sectors including biotechnology and healthcare, will begin operation in March 2015, together with the launch of the Tianjin Free Trade Zone.
Taiwan’s National Development Council (NDC) announced on January 23 that it plans to invest a total of US$83 million in four venture capital firms, hoping to spur growth for innovative start-ups and technology development for the island, according to a government filing. The NDC will invest US$15 million in 500 Startups III, L.P., a micro venture capital founded by the United States’ 500 Startups. The fund plans to raise US$50 million, investing in industries including e-commerce, cloud service technology, and …
Global property consultancy firm Knight Frank says it has established a long-term strategic partnership with Taiwan’s real estate brokerage firm REPro International, according to a Knight Frank announcement.
The author is ANZ’s senior economist Raymond Yeung Taiwan and Singapore signed a trade pact between Singapore and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu. The agreement is expected to add US$701 million to Taiwan’s gross domestic product (GDP) over the next 15 years, boosting local output value by US$1.43 billion and creating 6,154 jobs, the ministry said in a statement. The tariffs will be reduced in three phases over 15 years, removing import tax on 83% …
In this episode of China Money Podcast, guest Richard Herd, head of China research at the Organization for Economic Co-operation and Development (the OECD), talks with Nina Xiang about OECD’s 2013 China Economic Survey. He explaines why the OECD believes that China will overtake the U.S. as the largest economy in 2016; why the Chinese economy is already re-balancing away from heavy investment; and why Beijing is likely to tighten further the Chinese property market later this year. Listen to …
In this episode of China Money Podcast, our host Nina Xiang reviews the latest news from the week of March 25 to April 1, 2013. – China’s official PMI (Purchasing Managers’ Index) number rebounded significantly in March, consistent with the rebound shown in the HSBC PMI released earlier. The statistic further supports the view that China’s economic recovery is gaining momentum.
In this episode of China Money Podcast, founder and CEO of Beijing-headquartered, US$500 million-under-management HAO Capital, Simon Eckersley, talks with our host, Nina Xiang, on HAO Capital’s investments in the healthcare and environmental protection sectors, the firm’s plans for future fundraising, and some key methods it uses to help portfolio companies grow. Listen to the full-interview in the audio podcast, watch the shortened video version or read an excerpt below. Q: First, give us a brief introduction of HAO Capital? …
In this episode of China Money Podcast, head of non-listed real estate Asia in APG, one of the largest pension fund asset managers in the world with assets under management of approximately €325 billion, Daan van Aert, discusses with our host, Nina Xiang, APG’s investments in China such as car parks and logistic warehouses, his views on the Chinese residential property market and if distressed properties in China present good opportunities for investors. Listen to the full-interview in the audio …
In this episode of China Money Podcast, Dalton Investments‘ Shanghai-based portfolio manager, Tony Hsu, explains to our host, Nina Xiang, how to execute the playbook of Warren Buffett in China, the reasons why Dalton’s Asian equity strategy has consistently beat the market and his outlook for the markets in 2013. Listen to the full interview in the audio podcast, or read an excerpt below. Q: First, give us a brief introduction of Dalton Investments and Dalton’s Asian equity strategy? A: …
In this episode of China Money Podcast, chairman of global markets, China at J.P. Morgan, Jing Ulrich shares her thoughts on where China’s economic recovery is headed next, what policies the government is likely to take to contain potential property sector overheating, and if Chinese state-owned enterprises will contribute more to help build up China’s social welfare systems. She made the comments during a press briefing held by the Foreign Correspondents’ Club Of China (FCCC) in Beijing on Monday, Feburary …
In this episode of China Money Podcast, S&P analyst Bei Fu discusses the outlook for China’s property sector, potential policy moves and property sales predictions. She made the following comments during a teleconference call held by Standard & Poors. Listen to the full interview in the audio podcast, or read an summary below. Will China’s property market return to the path of recovery this year? S&P released a report today to upgrade the outlook for the Chinese property sector from …
In this special Chinese New Year’s edition of China Money Network, we look at the fortunes of the Chinese stock market and various zodiac signs in the year of Black Water Snake, 2013. Asian brokerage firm CLSA Asia-Pacific Markets released its Feng Shui Index in 2013. The tongue-in-cheek index points to a strong first half for the Hang Seng Index during 2013, with the second half dominated by volatile movements in both directions. The whole year, however, will end up …
In this episode of China Money Podcast, guest Paul Gillis, professor of accounting at the Guanghua School of Management at Peking University in Beijing, discusses Caterpillar‘s US$580 million write-down in its acquisition of Zhengzhou Siwei. Prof. Gillis explains the three most common accounting tactics Chinese companies use to cheat and defraud foreign investors, and what can foreign investors do to prevent themselves from being duped. Listen to the full interview in the audio podcast, or read an excerpt. Q: Caterpillar …
In this episode of China Money Podcast, guest Chenggang Jerry Wu, principal investment officer of IFC’s (International Finance Corporation) climate change fund, discusses IFC’s commitment to Chinese private equity funds in the climate change sector, the new opportunities arising from China’s pollution treatment efforts, and what he looks for in a first-time fund manager. Listen to the full interview in the audio podcast, watch an abbreviated video version, or read an excerpt. Q: Can you first give us a brief …
In this episode of China Money Podcast, guest Sam Gupta, CEO of Grand Trunk Capital, explains why he is bullish on the Indian economy and markets, why Indian banks will consolidate in the next two years, and the reason why he prefers to work with the management team. Listen to the full interview in the audio podcast, watch an abbreviated video version, or read an excerpt. Q: First give us a brief introduction of Grand Trunk Capital? A: Grand Trunk …
In this episode of China Money Podcast, guest Prof. Chen Zhiwu, professor of finance at Yale University, discusses why he is an overall pessimist when it comes to China’s long-term economic prospects, why he is worried about the economic spillover from China and Japan’s dispute over Diaoyu Island for 2013, and why he thinks inflation will run rampant in China for the next ten years. Listen to the full interview in the audio podcast, watch an abbreviated video version, or …
In this episode of China Money Podcast, listen to Kevin Carter, co-founder and CEO of California-based Baochuan Capital Management, and Kenny Li, CEO of Shanghai-based KKM Capital discuss the pros and cons of international hedge funds investing in China’s A-share market through the QFII program; and how international hedge funds can raise money from China’s wealthy individuals and giant institutional investors. The comments are made at a joint event held by the Hedge Fund Association and Bloomberg on Jan 5, …
In this episode of China Money Podcast, guest Derek Sulger, co-founder of Lunar Capital, discusses why he likes to take controlling stakes, how he manages to return capital to LPs at a satisfactory rate, and the reasons behind his passion for baby apparel. Listen to the full interview in the audio podcast, subscribe to our podcast in iTunes, or read an excerpt. Q：Can you first give a brief introduction of Lunar Capital? A: Lunar Capital is a private equity firm …
In this episode of China Money Podcast, guest Piau-Voon Wang, partner and head of Asian investments at Adams Street Partners, discussed the investment strategies of Adams Street, a global private equity firm overseeing more than US$20 billion, and the precious lessons he has learned from investing in Asia and China for over a decade. Listen to the full interview in the audio podcast, or read an excerpt.
In this episode of China Money Network, listen to the highlights of a panel discussion on investing in China and India featuring Gary Rieschel, co-founder of Qiming Ventures, Simon Eckersley, founder and CEO of Hao Capital, and Sam Gupta, founder of Indian investment firm, Grand Trunk Capital. Listen to the podcast online, subscribe in the iTunes store, or read a summary transcript below. Gary Rieschel on the leadership transition: I’m personally very optimistic about the new leadership. When you look at …
In this episode of China Money Podcast, guest Jenny Gao, managing partner of Mandarin Capital, talks about how her fund helped an Italian company to penetrate the Chinese market, and why she is betting on the future of China’s Dagong Global Credit Rating’s future in Europe. Listen to the full interview in the audio podcast, watch an abbreviated video version, or read an excerpt. Q: You are only the second female guest on our program’s one-and-half-year history. So let’s start …
In this episode of China Money Podcast, guest André Loesekrug‐Pietri, founder of A Capital, explains why his fund’s China-Europe cross-border strategy will thrive even in the current world economic malaise, how did he become attracted to the Chinese markets, and why his new fund was able to secure two star institutional investors. Listen to the full interview in the audio podcast, watch an abbreviated video version, or read an excerpt. Q: First, a brief introduction of A Capital?
In this episode of China Money Podcast, guest Liao Qiang, director of financial institutions ratings at Standard & Poors, explains why he thinks a banking crisis is unlikely to happen in China, and why the frantic calls for a Chinese banking collapse are all misplaced. Listen to the full interview in the audio podcast, or read an excerpt. Q: In a recent report, you warned that Chinese banks’ credit risk will emerge in the next few years as economic growth …
In this episode of China Money Podcast, guest Hubert Tse, senior partner at Shanghai-based law firm Boss & Young, answers ten questions about the QFLP (Qualified Foreign Limited Partner) program: from what QFLP allows foreign investors do, the pros and cons of becoming a QFLP, to what the future of QFLP program holds. Listen to the full interview in the audio podcast, or read an excerpt. Q: Just last week, news reports came out claiming that Shanghai has been approved …
In this episode of China Money Podcast, guest Yukon Huang, senior associate at Washington D.C.-based Carnegie Endowment and former World Bank China director, shares his observations on China’s next leadership, the possibilities of any bold reforms and the Chinese economy’s long-term trend in the coming decade. Listen to the full interview in the audio podcast, watch the shortened video version or read an excerpt. Q: China’s economy has been growing at an average of over 10% for the past twenty …
In this episode of China Money Podcast, guest Thomas Hugger, CFO of Leopard Capital, a private equity firm focused on investing in Asian frontier markets, discusses the successes and failures of his firm’s investments in Cambodia, the impact on frontier markets from a slowing Chinese economy, and why frontier markets offer better risk-return profiles than emerging markets. Listen to the full interview in the audio podcast, watch the shortened video version or read an excerpt. Q: First give us a …
In this episode of China Money Podcast, guest David Pierce, CEO of Squadron Capital, a fund-of-funds manager with over US$1 billion-under-management, talks about China’s private equity industry in a slowing economy, lessons he learned from investments that have gone wrong, and why his firm doesn’t want to become a QFLP (Qualified Foreign Limited Partner) yet. Listen to the full interview in the audio podcast, watch the shortened video version or read an excerpt. Q: First give us a brief intro …
In this episode of China Money Podcast, guest Fritz Demopoulos, founder of Queen’s Road Capital, shares his thoughts on China’s Internet sector and entrepreneurship. As founder of two successful Chinese Internet companies, Shawei.com and Qunar.com, Demopoulos is now hoping to capture the next big opportunity in China’s Internet evolution by deploying his own capital. Listen to the full interview in the audio podcast, watch the shortened video version or read an excerpt. Q: Last time when we talked, it was …
In this episode of China Money Podcast, Gary Rieschel, founder of Qiming Venture Partners, shares his thoughts on the Chinese economy, the technological evolutions of the Chinese Internet sector and why he is confident that Qiming will be well within the top quartile performers among China’s venture capital firms. Founded in 2006, Qiming Venture is one of the most successful venture capital firms in China, having invested in and successfully listed companies including Jiayuan, ChinaCache and Touchmedia. Qiming recently closed …