China Legal Blog
Aggregated China Law Information

The China Securities Regulatory Commission (CSRC) has issued rules governing the domestic private equity industry, giving more space for industry self-regulation, according to an official announcement. Under the new rules, CSRC will not establish administrative examination and approval process for private equity fund managers. It means that funds do not need a license to start […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Hangzhou-based female fashion sharing and communication platform Itugo.com has received approximately US$10 million dollars new round of financing from Matrix Partners, Incapital and Cash Capital, according to Chinese media reports. The company previously received RMB10 million (US$1.6 million) series A financing from Incapital last year. Itugo received several millions RMB angel investment from Matrix Partners […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

In this episode of China Money Podcast, guest Margot Brandenburg, former senior associate director at the Rockefeller Foundation, speaks with our host Nina Xiang, about China's nascent impact investing sector, what she sees as the main driver of the space's future growth, and what the pioneer impact investors in China are doing. Read an excerpt […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Hong Kong and Germany will implement mutual automated clearance services from September 1, the Immigration Department announced today.

 

Hong Kong Special Administrative Region electronic passport holders will be able to enrol for the automated immigration clearance service in Germany; while German passport holders are expected to be able to enrol for Hong Kong’s e-Channel service in November.

 

Hong Kong residents aged 18 or above holding a valid HKSAR electronic passport with no adverse record in Germany are eligible.

 

They can register for the service at the Frankfurt Airport for using the automated immigration clearance system at the Frankfurt Airport, Munich Airport, Dusseldorf Airport and Hamburg Airport.

 

Enrolment counters will open at Munich, Dusseldorf and Hamburg airports in November.

The Fire Services Department is investigating a fatal fire in Kwun Tong today.

 

A 33-year-old woman, a two-year-old boy, and a five-year-old boy died in the blaze in Tsui Ping (South) Estate.

 

The fire broke out in a 20th floor flat in Tsui Lok House about 3am.

 

An eight-month-old girl is in critical condition in United Christian Hospital.

 

No suspicious circumstances have been found so far, and the investigation is continuing.

During the first half of 2014, the number of adults using the mobile Internet in Taiwan reached 9.87 million. The Taiwan Network Information Center published a report on the broadband network usage in Taiwan in 2014, which said that over the past three years, Taiwan's Internet growth rate maintained a rate of over 70% and […]

Taiwanese conglomerate Ting Hsin International Group has agreed to acquire a majority stake in local cable TV operator China Network Systems Co. (CNS) from Asian private equity firm MBK Partners, according to media reports. Details of the investment are not disclosed, but media reports have put the deal at between US$2 billion to US$2.33 billion. […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Global private equity giant KKR & Co. L.P. has agreed to invest around US$400 million for an 18% stake in Shenzhen-listed Chinese chicken meat producer Fujian Sunner Development Co. Ltd., according to a joint announcement. At the same time, the two parities will form a strategic partnership to expand Sunner's operations to provide safe and […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Indian alternative energy investment fund Nereus Capital has agreed to partner with China’s solar panel manufacturer Hareon Solar Corporation to support Indian solar power projects in the next two years, according to Hareon’s official announcement. Hareon Solar, based in Jiangyin City in China's southern Jiangsu province, announced in early August that it would establish a subsidiary […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

China's first national-level private investment fund, the RMB50 billion (US$8 billion) China Minsheng Investment, was officially launched last week to take advantage of the Chinese government's effort to open more sectors to private investment, according to a public announcement. Endorsed by China's State Council in April, China Minsheng Investment's RMB50 billion registered capital was contributed […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Hangzhou-based Chinese intelligent Wi-Fi marketing operator WiTown has received an undisclosed amount of series A financing from Alibaba Group, according to Chinese media reports. The company previously received several millions RMB angel investment from Incapital in 2012. In May, Alibaba's online payment system Alipay said that it has formed a strategic partnership with WiTown to […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Standard & Poor’s Ratings Services has appointed Matthew Bosrock as executive managing director, head of Asia-Pacific (ex-Japan), succeeding Dominic Crawley, who returns to the U.K. to resume his role as global head of Standard & Poor’s Financial Services, sovereign and international public finance practices, says a company announcement. Bosrock has held senior banking positions at […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

The author is ANZ greater China chief economist Liu Li-Gang With the economy recovering steadily, it is now a market consensus that the U.S. Fed will likely raise interest rate in 2015. The Hong Kong government is worried that such a move will cause massive capital outflows and result in a "perfect storm", citing that […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Dr. Sukhdave Singh, deputy governor of the Central Bank of Malaysia gave the following speech on August 12 in Malaysia From where we stand today, the world is clearly ready for a global RMB. The question is whether China itself is ready. There is no question that the RMB would become an international currency. The […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

The author is China International Capital Corporation (CICC) analyst Wang Hanfeng The H-share market largely flattened last week, with the MSCI China Index gaining just 0.2%. Despite the improving overseas environment, last Thursday’s announcement of a surprisingly weak August HSBC PMI flash number once again raised questions over the sustainability of China’s recent growth recovery […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Immigration officers have arrested 28 Mainlanders in an anti-illegal employment crackdown in Sheung Shui.

 

The eight men and 20 women, aged 17 to 70, were arrested yesterday for breaching their stay conditions by being involved in parallel goods trading.

 

The goods included milk powder, medicine, food, daily necessities, cosmetics, skincare and electronic products.

 

A total of 1,372 Mainlanders and 14 Hong Kong residents have been arrested for parallel goods trading since 2012. Of these, 201 Mainlanders have been prosecuted, and 192 of them have been jailed.

A 23-year-old man has died after he reportedly crashed his car into a construction vehicle in Tsing Yi this morning.

 

The accident happened at about 5.50am, as he was driving along Tsing Kwai Highway towards Yuen Long, near the Cheung Tsing tunnel.

 

Firefighters rescued him from his car and sent him to Princess Margaret Hospital where he died at 6:50am.

 

Anyone who saw the accident should call 3661 1300.

Shenzhen-based Chinese beauty and cosmetics platform Meilapp.com has completed US$20 million series B financing led by Morningside Ventures, according to Chinese media reports. GSR Ventures, IDG Capital and Yunqi Capital also participated. The company says it will use the proceeds on marketing, brand building and team expansion. Launched in 2013, Meilaipp.com has close to one […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

A venture capital investment fund supported by the New Zealand Venture Investment Fund (NZVIF) and Taiwan's National Development Fund has secured US$75 million at its first closing, according to an announcement made by NZVIF. The fund, named GRC SinoGreen Fund III, received US$20 million from NZVIF. In return, the fund has to invest at least […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Sequoia Capital has agreed to acquire a 7% stake in Shenzhen-listed Chinese medical equipment manufacturer Jiangsu Yuyue Medical Equipment & Supply Co. Ltd. for RMB855.8 million ($139 million) from the company's controlling shareholder, Yuyue Technologies, according to a securities filing the company filed with the Shenzhen Stock Exchange. Sequoia Capital, through its subsidiary fund Shenzhen […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

The Catalyst-CEL Fund, the US$200 million to US$300 million China-Israel private equity fund, has agreed to invest US$42 million in cutting tools manufacturer Lamina Technologies, according to information posted on the firm's website. The investment includes US$10 million for expanding the company's global business, and US$32 million to acquire stakes from the company's current shareholders. […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.