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.
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 […]
Beijing-based online education platform Yuantiku.com has completed US$15 million new round of financing from existing investors Matrix Partners China and IDG Capital, according to Chinese media reports.
Rong360.com, a Beijing-based online private lending search service provider, has completed series C financing of approximately US$60 million led by a subsidiary of Singapore's Temasek Holdings, according to Chinese media reports. Aside from lead investor Pavilion Capital Pet, existing investors Lightspeed Venture Partners, KPCB and Zero2IPO Venture and Sequoia Capital all participated. Founded in October […]
The US$500 million-under-management private equity investment firm CEE-Equity Partners Ltd, established by China Exim Bank in partnership with institutional investors from the Central and Eastern Europe, has committed around $78 million to renewable energy developer Polish Energy Partners (PEP), according to a document posted on PEP's website.
Asian private equity firm Baring Private Equity Asia says it has acquired a substantial stake in U.K.-based global lifestyle brand company Cath Kidston from its existing majority shareholder TA Associates and members of the company’s management team, according to an announcement made by Baring.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 […]
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.
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 […]
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 […]
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.
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 […]
The author is Mark McFarland, chief economist at wealth manager Coutts & Co. AG China’s latest data set adds conviction to our overweight stance on Asia Pacific markets. China’s economy grew at an annual rate of 8% when comparing the quarter ending June to the previous one. Economists had expected growth to rise from 5.6% […]