Newly-founded private equity firm Apis Partners has launched a growth capital fund focused on financial technology investments in Asia and Africa, planning to raise between US$250 million and US$300 million for its maiden fund, according to media reports.
Asian private equity house PAG has made a partial exit from Chinese brokerage firm Haitong Securities Co.,Ltd., selling 130.7 million shares for a total proceeds of HK$1.7 billion (US$219 million) via a private share placement, according to media reports.
Beijing-based peer-to-peer (P2P) financing platform Huaguo Finance has received series A financing from two government-backed investment funds, according to a company announcement.
Beijing-based big data technology developer and service provider Baifendian Corporation has received US$25 million in series C financing, according to the company’s announcement. Details of the round's investors are not disclosed. Baifendian previously received US$10 million series B financing from Zhejiang Shinkansen Media Investment and IDG Capital Partners in July 2013. Two years before that, […]
Northern Europe private equity firm EQT Partners has acquired a majority stake in Hong Kong-based immigration compliance and credential verification service provider Dataflow from its founders, according to an announcement made by EQT.
San Diego-based wireless telecommunications firm Qualcomm Incorporated says it has made a commitment to invest up to US$150 million in Chinese start-up companies across all stages, according to a company announcement.
Hong Kong-based Chinese pork producer WH Group Ltd. has priced its Hong Kong initial public offering, planning to sell 2.6 billion shares at HK$6.20 apiece to raise a total of HK$15.9 billion (US$2 billion), according to a securities filing of the company.
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.
As China deepens financial reforms to allow the RMB exchange rate to be more flexible and provide growing liquidity, the pricing of onshore and offshore RMB markets will converge over the medium to long term, according to a research report by Deutsche Bank AG.
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 […]