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Aggregated China Law Information

Chinese dairy firm Inner Mongolia Yili Industrial Group Co. Ltd. says it will invest over RMB3 billion (US$490 million) to a new dairy project in New Zealand to build the world's largest integrated dairy production base, according to a company announcement. The project, called Yili Oceania Production Base, will have packaging, production, processing, research and […]

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China's central bank announced a cut to the one-year benchmark lending rate by 40 basis points, taking it down to 5.6%, as well as a cut to the one-year benchmark deposit rate by 25 basis points to 2.75% today after market closing. The People's Bank of China (PBoC) also raised China's deposit rate ceiling from […]

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In the face of tightened liquidity conditions, China’s central bank will likely conduct some short-term liquidity injection in order to ease the situation, as the State Council vowed to lower the cost of funds for the real economy this week, writes Liu Li-Gang, chief China economist at ANZ Banking Group Ltd. China’s onshore market liquidity […]

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After completing the world's largest IPO in September, Alibaba Group Holding Limited priced its debut U.S. dollar-denominated bond offering of US$8 billion today, becoming the largest Asia Pacific bond issuance on record in G3 currencies that include the U.S. dollar, Euro and Japanese Yen, according to a company announcement. The issuance pushes up China's G3 […]

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LGM Investments Limited, a unit of BMO Global Asset Management, says it has appointed Stephen Ma as head of Greater China equities, according to a company announcement. Ma was previously responsible for approximately US$4 billion of assets in China and Hong Kong funds at Fidelity, where he began in 1997 and was appointed a portfolio […]

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The Government held a cyber security seminar today to encourage the public to adopt security measures to protect their computing and IT devices.

 

Part of the 2014 Build a Secure Cyberspace campaign, the seminar was held by the Office of the Government Chief Information Officer, Police and the Computer Emergency Response Team Co-ordination Centre.

 

The seminar comprised several sessions in which representatives from the Government, industry associations and solution providers gave presentations on a range of topics, including enterprise security management, cyber threat protection strategies, security measures for mobile devices, and how to perform a health check on personal computing devices.

 

The campaign will also feature a series of public engagement activities, including school visits, seminars, radio programmes and competitions, to educate the public on cyber security.

 

Deputy Government Chief Information Officer (Consulting & Operations) Victor Lam said all computing devices, whether they are mobile phones, tablets, personal computers or the IT infrastructure of enterprises, which are connected to the Internet can be hacked.

 

"In view of emerging cyber threats, both businesses and individuals should master new knowledge and technologies to protect against cyber attacks and malicious activities."

 

A comic drawing contest was also held and received an overwhelming response with more than 1,800 entries received, including more than 1,100 from secondary schools.

The Government held a cyber security seminar today to encourage the public to adopt security measures to protect their computing and IT devices.

 

Part of the 2014 Build a Secure Cyberspace campaign, the seminar was held by the Office of the Government Chief Information Officer, Police and the Computer Emergency Response Team Co-ordination Centre.

 

The seminar comprised several sessions in which representatives from the Government, industry associations and solution providers gave presentations on a range of topics, including enterprise security management, cyber threat protection strategies, security measures for mobile devices, and how to perform a health check on personal computing devices.

 

The campaign will also feature a series of public engagement activities, including school visits, seminars, radio programmes and competitions, to educate the public on cyber security.

 

Deputy Government Chief Information Officer (Consulting & Operations) Victor Lam said all computing devices, whether they are mobile phones, tablets, personal computers or the IT infrastructure of enterprises, which are connected to the Internet can be hacked.

 

"In view of emerging cyber threats, both businesses and individuals should master new knowledge and technologies to protect against cyber attacks and malicious activities."

 

A comic drawing contest was also held and received an overwhelming response with more than 1,800 entries received, including more than 1,100 from secondary schools.

A simple spontaneous act by Police Constable Ivan Yam while on duty in Mong Kok’s occupied area has attracted much praise on the Internet.

 

The West Kowloon Emergency Unit officer has been nick-named “Police Force Hero” by social network users after footage was posted online showing him handing a bottle of water to a protester.

 

Constable Yam said he is pleased he contributed to the relieving of tension between Police and the occupiers in recent weeks.

 

Although a policeman with a duty to serve, he said he is also an ordinary citizen who wishes to see people respectful and tolerant of each other.

Shanghai-based online headhunting platform HunterOn.com has received US$20 million series B financing led by Sequoia Capital, according to Chinese media reports. Existing investor IDG Capital also participated. Founded in 2012, HunterOn.com received around US$10 million series A financing from IDG Capital and China Growth Capital in April this year. HunterOn.com provides a platform connecting recruiters […]

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Hong Kong-based mobile app maker GoGoVan has received US$10 million series B financing from Chinese social network platform the Renren Network, according to media reports. Renren took around 10% in GoGoVan, a mobile app connecting van drivers and users. GoGoVan says it will use the proceeds to expand into other countries in Asia. Launched in […]

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Australian Securities Exchange-listed industrial property and business space firm the Goodman Group and the Canada Pension Plan Investment Board (CPPIB) say the two will increase their equity allocation to their joint venture by US$500 million, according to a joint announcement. The joint venture, named Goodman China Logistics Holding, was formed in 2009 with an initial […]

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Ignore the Smog Beijingers, City Says “APEC Blue” Could Become The Norm bit.ly/1vrXgOw — I might be dead by asphyxiation by then © @chinahearsay for China Hearsay, 2014. | Permalink | No comment | Add to del.icio.us Post tags:

The world's third largest smart phone maker Xiaomi Inc., backed by venture and private equity investors, says it has invested RMB1.8 billion (US$290 million) in Chinese video site iQiyi.com Inc, according to Xiaomi's official Weibo account. Shunwei Capital, a US$200 million China-focused venture capital fund founded by Xiaomi's founder Lei Jun in 2011, also participated […]

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Los Angeles-headquartered corporate and distressed debt investment firm Oaktree Capital Group has hired an investment bank to begin a sale process to exit its investment in Taiwan's golf club head maker Fusheng Group, according to media reports. A representative of Oaktree did not respond to inquiries to confirm the news. Back in 2007, Oaktree joined […]

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The Police will take resolute enforcement action against any person who obstructs or violently charges at bailiffs carrying out court injunctions, Secretary for Security TK Lai told lawmakers today. 

 

He said the Police had warned people on different occasions that obstructing the enforcement of a court order constitutes contempt of court, which is punishable by imprisonment.

 

The court has authorised the Police to arrest those who violate the order, where necessary. Officers will also ensure the action taken is in line with the force's guidelines and legal requirements.

 

Mr Lai warned that those arrested for unlawful acts will be brought before the court for further directions.

 

In case a person commits other crimes at the same time, the Police force shall exercise the power conferred upon it by law to maintain public order and safety, and seek the Department of Justice’s advice where necessary.

 

The security chief added that anyone who is detained has the right to see a lawyer and the Police will facilitate their external communication requests.

Mainland 'overage children' whose natural parents obtained their first Hong Kong identity cards on or before December 31, 1986, can apply for one-way permits to reunite with their parents from January 20, 2015, the Ministry of Public Security announced today.

 

The Security Bureau said it will liaise closely with Mainland authorities on the application progress and entry arrangements for the children. 

China's State Council announced another ten measures to tackle the problem of high financing costs after its regular Wednesday meeting yesterday. While these measures will help ease the problem, more major easing policies are needed to support the country's growth, says a research report by Nomura Holdings, Inc. Some of the more important measures include […]

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During the three-years period until March 2014, venture capital funds globally have produced average returns of 12.7%, a significant improvement over the lackluster returns seen during the prior decade following the dot-com crash, according to figures released by data tracker Preqin. The second quarter of 2014 set a record in terms of capital invested in […]

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New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc., backed by private equity firms Warburg Pincus and SAIF Partners, says it has acquired Chinese recruitment platform M91.cn for an undisclosed amount, according to Chinese media reports. Founded in 2004, M91.cn focuses on providing recruitment services specifically for sales representatives across China in various industries. The […]

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Beijing-based Chinese sporting goods firm Li-Ning Co. Ltd., backed by TPG Capital and Singapore's sovereign fund GIC, says that Jin-Goon Kim has stepped down as interim chief executive, according to a securities filing submitted by the Hong Kong-listed company. The company's founder, Olympic gymnast Li Ning, will take over on an interim basis before the […]

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Asia ex-Japan focused hedge funds are up 7.44% year-to-date until October, outperforming the MSCI Asia ex Japan Index by almost three percentage points, and also beating global hedge funds' performance of up 3.45% during the same period, according to data tracker Eurekahedge. Asia ex-Japan hedge funds have also grown their asset base by US$11.2 billion […]

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