Shanghai-based death care services provider Fu Shou Yuan International Group Ltd plans to offer 500 million new shares at HK$2.88-3.33 apiece to raise $215 million through an IPO on the Hong Kong Stock Exchange.
Beijing-based online business activity platform Virtual Hall (VHALL) says the company has raised tens of millions U.S. dollar in series A funding.
Shanghai-based Chinese online game developer Giant Interactive Group Inc. says that it has received a preliminary non-binding proposal from the company's chairman, Yuzhu Shi, and an affiliate of Baring Private Equity Asia to take the company private.
London-based financial advisory and investment firm Sustainable Development Capital LLP (SDCL) Asia says the company plans to launch a U.K. China Energy Efficiency Investments Fund to invest up to $200 million in energy efficiency projects in the U.K. and China, according to a company announcement.
CITIC Capital Partners has acquired North Carolina-based industrial company Engineered Controls International (ECI) with the company's management team and partner investor Windjammer Capital, a U.S. middle market private equity firm.
Sailing Capital Management, an investment firm controlled by Shanghai International Group (SIG), has launched a RMB5 billion ($821m) buyout fund through its subsidiary, Shanghai Sailing Industrial Capital.
Shenzhen Stock Exchange-listed film and television producer Huace Media says it has signed an agreement to buy a 20% stake in Beijing-based Herun Media for no more than RMB104 million ($17 million).
Heilongjiang province-based Jintian Pharmaceutical Group is planning an IPO in Hong Kong to raise a maximum of $273 million, according to a company filing.
Beijing-based online automobile marketplace Autohome plans to raise $125.9 million through an IPO on the New York Stock Exchange.
China's imports and exports in November reached $370.6 billion, up 9.3% year-on-year, much higher than expected. Chinese exports hit $202.2 billion, up 12.7%, setting a historical record. Chinese imports was $168.4 billion, up 5.3%, according to China's General Administration of Customs.
China’s official Purchasing Managers' Index (PMI) remained unchanged at 51.4 in November, suggesting that the economic momentum is stabilizing, according to China's National Bureau of Statistics.
China's National Bureau of Statistics announced a series of October economic data. In October, total retail sales of consumer goods reached RMB2,148 billion, up 13.3% year-on-year in nominal terms.
Despite an anticipated slight acceleration in retail sales growth, Fitch Ratings says the outlook for Chinese department stores is negative for 2014, according to a report released by the U.S. credit rating agency.
About 44% of limited partners (LPs) believe private equity has become more attractive in the volatile post financial crisis world. Only 12% of investors think it has become less attractive, according to a study released by private equity secondaries specialist Coller Capital.
The profitability and credit metrics of Asia-Pacific mining companies should bottom out in 2013, Standard & Poor's Ratings Services said in a report published today.
Despite economic slowdown and the suspension of China's IPO market, Chinese private equity firms continue to outperform Asia’s overall benchmark returns by a substantial margin, according to a report by the Centre for Asia Private Equity Research Ltd.
Global asset management firm State Street Global Advisors (SSgA) announces its global outlook and highlights five key investment themes for 2014. The firm expects economic recovery will become more broad-based and self-sustaining next year. The U.S. looks set to enjoy accelerating growth. Europe’s recovery may still be fragile but the region is poised for modest […]
During the first nine months of the year, Chinese outbound investment reached $73 billion, up 20% compared with the same period last year, according to a report published by A Capital, an Euro-Asia private equity firm based in Beijing.
The author is Nomura economist Zhiwei Zhang China's export growth surged to 12.7% year-on-year in November from 5.6% in October, well above market expectations, reflecting robust external demand. Import growth moderated to 5.3% from 7.6% in October, leaving a wider trade surplus of $33.8 billion.
The author is ANZ Greater China chief economist Li-Gang Liu In 2013, the internationalization of the RMB has continued to gain speed. Geographically, the offshore RMB market has expanded rapidly. Not only did we see the launch of official clearing services in Singapore and Taiwan, but also more bilateral currency swap agreements signed between China […]
The author is chief China economist at Capital Economics Mark Williams China’s leaders are gathering again in Beijing, this time to discuss priorities for 2014. The major scheduled event this month is the year end Economic Work Conference. The leadership usually uses this meeting to set out priorities for the year ahead.
The author is ANZ Greater China chief economist Li-Gang Liu The People's Bank of China (PBoC) released the opinions of the financial package to support the developments of the Shanghai Free Trade Zone (FTZ) this morning.
The author is Capital Economics' China economist Qinwei Wang China’s stock market rebounded strongly in the second half of November, as the comprehensive reform plan released following the Plenum seems to have eased fears of a sharp slowdown in the economy.
The author is Standard & Poor's primary credit analyst KimEng Tan We affirm the 'AA-' long-term and 'A-1+' short-term sovereign credit rating on the People's Republic of China. The outlook on the long-term rating is stable.
The author is ANZ Greater China chief economist Li-Gang Liu The People's Bank of China announced on its website this afternoon that it conducted short-term liquidity operations (SLOs) twice at the end of October when the 7-day repo rate hit 5.7%, to ease market liquidity tightness.
The author is Michael Werner, senior research analyst covering the Chinese and Hong Kong banks at Sanford Bernstein & Co. Minsheng Bank's third quarter was its worst quarter in two years as the bank missed expectations while the quality of its earnings was weak.