China Legal Blog
Aggregated China Law Information

With Japan and China leading the way, the Asia Pacific region registered world-leading levels of high net worth individual (HNWI) population and wealth growth in 2013, with no signs of slowing down, according to the Asia Pacific Wealth Report 2014 published by RBC Wealth Management and outsourcing firm Capgemini. HNWIs are defined as those having […]

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Asia ex-Japan hedge funds lead global peers with year-to-date returns of 6.66%, due in large part to a 25.79% rise in Indian equities since the start of the year, according to the latest data released by hedge fund research firm Eurekahedge. Funds investing in North and Latin American came in second and third place, delivering […]

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Beijing-headquartered Chinese private equity firm JD Capital plans to acquire a controlling 51% stake of Chinese brokerage firm Teemrise Securities for RMB360 million (US$59 million), according to an article posted on JD Capital's official website. After the deal is completed, JD Capital plans to rename the Shenzhen-based Teemrise as JiuZhou Securities, and help expand its […]

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Intel Capital, Intel’s global investment arm, says that its Intel Capital China Smart Device Innovation Fund has released its first investments totaling approximately US$28 million in several Chinese companies, according to a company announcement. The investments demonstrate Intel’s commitment to fostering Chinese technology innovation and accelerating China Technology Ecosystem (CTE) development in smartphones, tablets, wearable […]

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Shanghai-based Chinese semiconductor design company VeriSilicon Holdings Co., Ltd., backed by a slew of U.S. venture investors, has filed for an IPO on the NASDAQ to raise as much as US$75 million, according to a regulatory filing. No specific pricing information has been determined. Austin Ventures and Sierra Ventures each holds a 12.09% of the […]

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Shanghai-based financial leasing firm Juxin Internatinoal Leasing Co., Ltd., backed by a number of domestic Chinese private equity investors, has filed for an IPO on the Shanghai Stock Exchange to raise around RMB1.25 billion (US$204 million), according to a securities filing. The company is planning to sell up to 100 million shares. It has yet […]

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Morgan Stanley Private Equity Asia (MSPEA) has invested an undisclosed amount in Hong Kong-based financial services firm AMTD Group Company Limited, according to a company announcement. No other details of the deal are disclosed. MSPEA will work with AMTD's existing shareholder, the Cheung Kong Group, to expand the company's financial planning and asset management businesses […]

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Stanley Lubman: Why Even Minor Legal Reforms Are Important in China | Wall Street Journal on.wsj.com/1r5lSFb © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

Years Later, CCTV May Finally Be Moving Into HQ | Wall Street Journal on.wsj.com/1tGOXgQ – bldg that size, took 6 yrs to move furniture © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

Venture-backed online group-buying service provider LaShou.com has agreed to sell a controlling stake to Jiangsu province-based conglomerate the Sanpower Group for an undisclosed amount, according to an announcement issued on Lashou's official Weibo account. In August, the Beijing-based LaShou.com reportedly received an undisclosed amount of series D financing from Milestone Capital and GSR Ventures. The […]

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China again blames US for disrupted cybersecurity talks bit.ly/1x2WdR1 – not sure here who is pot & who is kettle © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

China's growth and appetite for foreign direct investment (FDI) has made Africa its largest investment destination, according to a new report written by the Economist Intelligence Unit (EIU) for global law firm Mayer Brown. The report finds that whilst energy and mineral resources have attracted the most Chinese FDI, investments and activities that support Africa's […]

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Companies look for more fairness as China eyes legal reforms | Reuters yhoo.it/1ydunTj — focus is on influence of local officials © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

Beijing-based P2P (Peer-to-Peer) lending platform Yinker has received series A financing worth tens of millions U.S. dollars led by Chinese angel and venture firm Source Code Capital, according to Chinese media reports. Last month, Source Code Capital, founded in the summer by former vice president of Sequoia Capital China Charlie Cao, reportedly raised US$100 million […]

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What China Means by ‘Rule of Law’ | New York Times nyti.ms/1yTFQLc © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

The future of the Shanghai Cooperation Organisation | East Asia Forum bit.ly/1vFgJJo – I say scrap NATO and SCO both © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

China's September economic data suggests that the Chinese government's easing policies have succeeded in stabilizing growth. More policy stimulus is needed to lift GDP growth in the fourth quarter, says a report by Nomura Research. China's real GDP growth slowed to 7.3% in the third quarter, a little stronger than expected 7.2%, but is the […]

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Immigration officers yesterday arrested six illegal workers and two employers.

 

They raided five locations across Hong Kong, including restaurants, an office and massage centres, and arrested two men and four women aged 29 to 42.

 

Two men aged 39 and 54 were suspected of employing the illegal workers.

 

The maximum penalty for illegal work is two years in prison and a $50,000 fine.

Police Public Relations Branch Chief Superintendent Steve Hui has urged protestors to comply with court orders to stop their illegal occupation of roads.

 

Speaking at a press conference today, Mr Hui said the Court of First Instance granted a temporary injunction yesterday requiring protestors to clear roads illegally occupied in Admiralty and Mong Kok, and forbidding them from preventing the removal of obstacles.

 

The court said the occupation has deprived other people of their right to use the roads, Mr Hui said, urging them to respect the court’s decision and the rule of law.

 

The occupation has lasted for a long time with widespread effect, exceeding the boundary of what is reasonable, he said, warning it has increased the chance of serious public disorder.

 

The community, including groups like the District Councils and District Fight Crime Committees, have expressed support for Police in the form of appreciation letters and emails, and personal visits in recent weeks. Some people also plan to make donations to support frontline officers.

 

Mr Hui said the acceptance of advantages by Police officers is regulated by the Prevention of Bribery Ordinance and the Acceptance of Advantages (Chief Executive's Permission) Notice.

 

The Police Welfare Fund, established under the Police Force Ordinance, observes stringent screening procedures in considering the acceptance of donations. Its decisions are also reviewed by the Civil Service Bureau to ensure there is no conflict of interest, he added.

China's RMB will become one of the three most important international currencies in the next five years, together with the U.S. dollar and the Euro, says David Daokui Li, a professor at Tsinghua University's School of Economics and Management. The Japanese Yen and the British Pound will gradually be replaced by the RMB in international […]

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Beijing-based alternative investment company CDH Investments, the largest financial shareholder with approximately 20% stake in newly-listed Chinese pork giant WH Group, is paying WH Group shares worth a total of US$1.6 billion to its limited partners (LPs), according to media reports. WH Group just completed a Hong Kong IPO in July, selling 2.567 billion shares […]

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