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FUNDS

Hao Capital, Baidu, DCM Back Beijing Wanxue Education

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.

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Taiwan's Fubon Injects $20M In Fosun's Outbound Fund

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 […]

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Yuantiku.Com Completes $15M Round From Matrix And IDG

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.

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Rong360.Com Completes $60M Series C Financing

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 […]

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APIH Secures $25M For China Resort Project

Singapore-based venture and private equity firm Asia Pacific Investment House (APIH) has completed raising US$25 million for a resort project in China's Guangdong province, according to a company announcement.

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CEE-Equity Partners Injects $78M In Polish Energy Partners

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.

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Baring Asia Acquires Stake Of Cath Kidston From TA Associates

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.

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CMC Leads $100M Series D For Secoo.Com

Beijing-based second-hand luxury products distributor and maintenance service provider Secoo.com has completed US$100 million series D financing, according to a company announcement.

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Sequoia Leads $20M Series B In Miyabaobei.Com

Beijing-based diaper and baby formula e-commerce platform Miyabaobei.com has received US$20 million series B financing led by Sequoia Capital, according to Chinese media reports.

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ECONOMY

China's GDP Beats Estimate, Up 7.5% In Q2

China's GDP growth expanded to 7.5% in the second quarter from 7.4% in the first quarter this year due to pro-growth fiscal policies and improving external demand, according to China's National Bureau of Statistics.

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China's Total Social Financing Increased To RMB1.97T In June

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.

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China's June Export Expands 7.2%

China’s exports rose 7.2% year-on-year to US$186.8 billion in June, lower than market expectation, but up from the 7.0% growth recorded in the previous month, according to data released by China's General Administration of Customs.

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China's CPI Climbs 2.3% In June

China’s June consumer price index (CPI) recorded a 2.3% increase year-on-year, which was lower than last month’s 2.5%, and also slightly lower than market expectations of 2.4%, according to data released by the National Bureau of Statistics.

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China’s Official PMI Increases To 51.0 In June

China’s official manufacturing purchasing managers' index (PMI) picked up to 51.0 in June from May’s 50.8, hitting a six-months high, according to data released by China’s National Bureau of Statistics.

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China's June Flash HSBC PMI At Seven-Month High

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.

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China’s New Home Prices Deteriorated Further In May

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.

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China's Total Social Financing Fell To RMB1.4T In May

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.

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China's May CPI Saw 2.5% Increase

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.

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BUSINESS

Shanghai FTZ To Welcome Mainland's First Foreign-Owned Hospital

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.

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Fosun International Acquires 20% Of Spain's Osborne Group

Fosun International Acquires 20% Of Spain's Osborne Group

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.

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China Pushes Forward Reform Of Its State-Owned Enterprises

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.

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Wanda Group Plans To Set Up Financial Shareholding Subsidiary

Wanda Group Plans To Set Up Financial Shareholding Subsidiary

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.

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Macau Records First Monthly Gaming Revenue Decline In Five Years

Macau Records First Monthly Gaming Revenue Decline In Five Years

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.

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Top 100 Alternative Managers Invest Only 7% In Asia

Top 100 Alternative Managers Invest Only 7% In Asia

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.

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China To Liberalize Its Fund Management Industry With New Rules

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.

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ConAgra Foods Acquires China's TaiMei Potato For $93M

ConAgra Foods Acquires China's TaiMei Potato For $93M

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.

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Chinese Hedge Funds Down 1.38% For 1H 2014

Chinese Hedge Funds Down 1.38% For 1H 2014

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.

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OPINION

China's Strong PMI Signals Economy Is Rebounding

China's Strong PMI Signals Economy Is Rebounding

The author is Nomura Global Markets Research The HSBC flash Purchasing Managers' Index (PMI) rose to 52.0 in July from a final June reading of 50.7, much stronger than market expectations of 51.0.

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The Worst May Be Over For China's Private Equity Industry

The Worst May Be Over For China's Private Equity Industry

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.

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Taiwan Banks' China Exposures To Double By 2016

Taiwan Banks' China Exposures To Double By 2016

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 […]

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Investors Are Buying Cheap Emerging Market Stocks

Investors Are Buying Cheap Emerging Market Stocks

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.

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Markets Underestimate Worst Case Scenario In Ukraine

Markets Underestimate Worst Case Scenario In Ukraine

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 […]

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Beijing Firms Up On Its 7.5% Growth Goal

Beijing Firms Up On Its 7.5% Growth Goal

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 […]

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Hong Kong-Shanghai Stock Connect Poses Liquidity Challenge

Hong Kong-Shanghai Stock Connect Poses Liquidity Challenge

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.

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Is China's Fiscal Stimulus The Medicine With No Side Effect?

Is China's Fiscal Stimulus The Medicine With No Side Effect?

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 […]

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Has China Backed Out From Reform To Save Growth?

Has China Backed Out From Reform To Save Growth?

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% […]

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