Emerging market-focused private equity firm Templeton Emerging Markets Group has reached a final close of its fourth emerging markets fund at over $220 million, according to media reports.
Hong Kong-listed television and film production firm ChinaVision Media Group says that Hangzhou-based Chinese e-commerce giant Alibaba Group has agreed to buy a 60% stake in the company for about HK$6.24 billion ($804 million), according to a company announcement.
Beijing-based online-to-offline (O2O) outbound travel service provider Byecity.com has received $20 million series B round of funding from Alibaba Group and China Broadband Capital (CBC), according to Chinese media reports.
Guangzhou-based GF Xinde Investment Management has launched a RMB100 million ($16 million) Internet and media-focused private equity fund with Shenzhen-listed animation company Guangdong Alpha Animation and Culture, according to a company announcement of Alpha Animation.
Haikou, Hainan province-based Hainan Haiyao says that the company plans to invest RMB122 million ($20 million) in Hainan Huantai Bio-Pharmaceutical Investment Fund for a 48.8% stake, according to a company announcement.
Chengdu, Sichuan province-based smart wearable maker Codoon.com has received 60 million yuan (around $9.76 million) series A financing, according to Chinese media reports.
Shanghai-based online education platform and English-language learning institution TutorGroup has received strategic investment from SBI Group, according to media reports.
Beijing-based Yongye International, Inc. says that the agreement for a $339 million management buyout of the company backed by Morgan Stanley Private Equity Asia (MSPEA) was not approved by the company’s stockholders, according to a company announcement.
China added RMB644.5 billion in new RMB loans in February, down from RMB1.32 trillion in January, data from the People's Bank of China shows. February's new RMB loan number is below market expectations of around RMB740 billion.
China’s February consumer price index (CPI) fell to a 2.0% increase year-on-year, lower than January's 2.5% climb, as food prices surprisingly remained flat during the Chinese New Year period, according to data released by the National Bureau of Statistics.
China’s official Purchasing Managers' Index (PMI) declined for the third consecutive month with a reading of 50.2 in February, the lowest level since last June, according to data released by China's National Bureau of Statistics. "While the drop of the PMI could be largely attributed to the festival effects, other indicators also point to a […]
China added RMB1.32 trillion in new RMB loans in January, up 23% compared to the same period last year, according to data released by the People's Bank of China. In December, new RMB loans stood at RMB483 billion.
China’s exports and imports reached $382.3 billion in January, up 10.3% compared to the same period in 2013, according to data released by China's General Administration of Customs.
Amid slowing growth, rising interest rates and currency volatility, some $33 billion has been withdrawn from emerging market stock and bond funds this year, exceeding the $29.2 billion outflow for all of 2013.
Despite economic uncertainties and market volatility, global investors are allocating more capital to invest in Asia's real estate sector. Private real estate funds targeting Asia have raised a total of $10.5 billion in 2013, up from 2012's total of $7.9 billion and $5.4 billion in 2011, according to data released by private equity research firm, […]
Beijing is planning to spend $124 billion between 2013 and 2017 to fight air pollution, according to Chinese media reports that cited Beijing's deputy mayor, Li Shixiang. The effort is made in preparation for the Chinese capital's intended plan to host the 2020 Winter Olympics games.
The leverage levels of some Chinese property developers will increase in the next 12 months after they made aggressive land acquisitions last year, but massive liquidity problems are unlikely, says Standard & Poor's Ratings Services in a report.
The fundraising environment is becoming increasingly challenging for Fund of Funds (FoF). In 2013, only 72 FoFs were able to raise a total of $12 billion, compared to 87 funds collecting a total of $16 billion in 2012, according to private equity research firm Preqin.
Shenzhen-based China Vanke Co., the largest residential developer in the country, is teaming up with U.S. private real estate investment firm, RFR Holding LLC, to co-develop a luxury condominium building in midtown Manhattan, according to a joint announcement.
The ceiling for foreign currency deposits of less than $3 million in the Shanghai Free Trade Zone (FTZ) will be removed, effective on March 1. The change will apply to both corporate and retail accounts, the People's Bank of China's (PBoC) Shanghai branch says today.
HSBC Bank (China) Company Ltd. (HSBC China) says it has completed its first individual RMB cross-border settlement under mainland China’s current account in the Shanghai pilot free trade zone, according to a company announcement.
The author is ANZ greater China chief economist Liu Li-Gang The People’s Bank of China (PBoC) has taken a more proactive monetary policy since January 2014. To prevent the Chinese New Year cash crunch, the central bank, seeming to have learned the experiences in December, used reverse repo operations intensively to inject a large amount […]
The author is Becky Liu, senior rates strategist at Standard Chartered Bank We believe primary supply, Chinese currency's appreciation and the opening up of China’s domestic markets will drive the offshore RMB bond market, or dim sum bond market, this year.
The author is Julian Evans-Pritchard, China economist at U.K. research firm Capital Economics China's policymakers are moving to encourage private investors to play a larger role in China's state sector. However, unless the government is willing to relax control over state firms, investors will have little power to influence management decisions and therefore the performance […]
The author is Nomura economist Zhang Zhiwei The 12th National People‟s Congress convenes its second annual session on 5 March, likely concluding around mid-March. It is the first parliamentary session that President Xi Jinping and Premier Li Keqiang will preside over, having taken on the leadership mantle last March.
The author is ANZ greater China chief economist Liu Li-Gang The concept of sovereign wealth funds (SWFs) has emerged recently in Greater China. Hong Kong’s Financial Secretary mulls to establish a "Future Fund" to prepare for population aging that will potentially create fiscal financial pressure in forthcoming decades.
The author is Gareth Leather, Asia Economist at U.K. research firm Capital Economics Hong Kong’s economy grew at its fastest pace in a year in the last quarter of 2013, thanks mainly to a continued recovery in exports. Looking ahead, with the territory’s prospects largely dependent on the health of global demand, Hong Kong should […]
The author is chief China economist at Capital Economics Mark Williams The recent abrupt fall in the RMB is best seen as a salvo in a battle between policymakers who believe that China’s currency is close to its fair value and market participants who don't.
The author is Craig Chan, head of Asia forex strategy at Nomura Securities The People‟s Bank of China (PBoC) posted a statement on its website that summarized the decisions from a conference on the development of cross-border RMB business.