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Asian alternative investment firm CLSA Capital Partners has launched a KRW300 billion (US$295 million) co-investment fund with Korea's Nexen Tire Corporation, according to media reports. The National Pension Service of Korea is a limited partner in the fund. CLSA did not respond to requests for confirmation of the news. The Nexen Global Fund aims to […]

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The author is Nomura Global Markets Research The HSBC flash Purchasing Managers' Index (PMI) rose to 52.0 in July from a final June reading of 50.7, much stronger than market expectations of 51.0. This is a 1.3 percentage point increase, in contrast with the historical average of a 0.3 percentage point decline in July from […]

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The author is Peter Fuhrman, chairman and CEO of China First Capital In 2014, there are signs that the worst may now be over for China's private equity industry. The industry may be pulling out of a tailspin. A decade ago, China was a private equity backwater, with a handful of firms and few success […]

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Sixteen travellers have been jailed six months for smuggling ivory.

 

They were convicted at Tsuen Wan Magistracy today after Customs & Excise Department officers found 790kg of ivory tusks and semi-processed ivory products in 32 pieces of luggage at Hong Kong International Airport on June 10.

 

The 10 men and six women, aged 20 to 54, were travelling from Angola to Cambodia.

The author is Fitch Ratings Inc. Taiwanese banks' exposures to China have grown rapidly since 2010, and should almost double to 13% as a proportion of system assets by 2016. China exposure will increasingly become a downside factor for Taiwanese banks should their exposures grow excessively without generating strong profit, as capital is inadequate to […]

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Beijing-based private equity firm Hao Capital says that it has participated in series C financing for Beijing Wanxue Education Technology Limited, alongside co-investors Baidu Inc. and Doll Capital Management (DCM), according to an announcement made by Hao Capital. Deal size and other details of the investment were not disclosed. The latest round of financing will […]

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Taiwan-based Fubon Financial Holdings has committed US$20 million to Fosun International's outbound investment fund, according to media reports. After the completion of the deal, Fubon Financial will hold 3.81% of the fund, which seeks to invest in overseas companies that wish to expand in the Chinese markets. Fosun's outbound fund has a fundraising target of […]

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Beijing-based online education platform Yuantiku.com has completed US$15 million new round of financing from existing investors Matrix Partners China and IDG Capital, according to Chinese media reports. The team behind Yuantiku previously operated another similar online platform called Fenbi.com, which was closed down recently. The team now focuses on building Yuantiku, a mobile app that […]

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German healthcare company the Artemon Group has signed a strategic agreement with the Shanghai Waigaoqiao Free Trade Zone Development Co., Ltd. to establish the first wholly foreign-owned hospital in mainland China, according to official Chinese news reports. Previously, only healthcare organizations from China's special administrative region of Hong Kong and Macau, as well as Taiwan, […]

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Rong360.com, a Beijing-based online private lending search service provider, has completed series C financing of approximately US$60 million led by a subsidiary of Singapore's Temasek Holdings, according to Chinese media reports. Aside from lead investor Pavilion Capital Pet, existing investors Lightspeed Venture Partners, KPCB and Zero2IPO Venture and Sequoia Capital all participated. Founded in October […]

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In this episode of China Money Podcast, guest Benjamin Fanger, co-founder of Chinese distressed debt investment firm Shoreline Capital, talks to our host Nina Xiang about the changes he saw in the distressed debt investing space over the past ten years, where he sees future opportunities, and how his firm controls downside risks in a […]

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Singapore-based venture and private equity firm Asia Pacific Investment House (APIH) has completed raising US$25 million for a resort project in China's Guangdong province, according to a company announcement. The HMB Avication project, with a total funding target of US$50 million, will be China’s first large scale helicopter based ultra-luxury resort. The company has formed […]

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Police today charged a 39-year-old man for the murder of his younger brother in Kwun Tong.

 

He was arrested yesterday after his 36-year-old brother was killed in a Wo Lok Estate flat.

 

He will appear in Kwun Tong Magistracy tomorrow.

The US$500 million-under-management private equity investment firm CEE-Equity Partners Ltd, established by China Exim Bank in partnership with institutional investors from the Central and Eastern Europe, has committed around $78 million to renewable energy developer Polish Energy Partners (PEP), according to a document posted on PEP's website. The fund, established in 2014, has agreed to […]

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Asian private equity firm Baring Private Equity Asia says it has acquired a substantial stake in U.K.-based global lifestyle brand company Cath Kidston from its existing majority shareholder TA Associates and members of the company’s management team, according to an announcement made by Baring. Specific deal size and other details of the transaction were not […]

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The Police will launch a week-long city-wide campaign tomorrow, to promote safe cycling and take stringent actions against cycling offences.

 

Cyclists must obey all traffic laws which apply to drivers and are subject to the Road Traffic Ordinance. They should also take heed of other road users.

 

Common cycling offences include failing to comply with traffic signs or road markings, riding on the pavement, carrying another person, carrying any animal or article which obstructs the cyclist's view, and riding without lights.
 

Police have arrested a 39-year-old man for allegedly killing his 36-year-old brother in Kwun Tong.

 

The siblings’ mother called Police at about 3.17am today to report a fight between the brothers in a flat at Kui On House in Wo Lok Estate.

 

Officers found the younger brother with head injuries and sent him to hospital, where he was certified dead.

 

The elder brother is believed to have attacked his brother and was arrested for murder.

 

An autopsy will be conducted.

Police have arrested a 39-year-old man for allegedly killing his 36-year-old brother in Kwun Tong.

 

The siblings’ mother called Police at about 3.17am today to report a fight between the brothers in a flat at Kui On House in Wo Lok Estate.

 

Officers found the younger brother with head injuries and sent him to hospital, where he was certified dead.

 

The elder brother is believed to have attacked his brother and was arrested for murder.

 

An autopsy will be conducted.

The author is Russ Koesterich, chief investment strategist at BlackRock China's GDP growth in the second quarter rose by 2% quarter-on-quarter, versus expectations of 1.8%. It is also an improvement from the 1.5% quarter-on-quarter growth registered in the first quarter this year. On a year-over-year basis, China’s economy grew 7.5% in the second quarter from […]

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Beijing-based second-hand luxury products distributor and maintenance service provider Secoo.com has completed US$100 million series D financing, according to a company announcement. The round is led by China Media Capital. Existing investors IDG Capital, Ventech China, Crehol China, Vangoo Investment Partners also participated. Previously, Secoo.com received US$10 million series A from IDG Capital in 2010. […]

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Beijing-based diaper and baby formula e-commerce platform Miyabaobei.com has received US$20 million series B financing led by Sequoia Capital, according to Chinese media reports. Existing investors Zhen Fund and China Renaissance K2 Ventures also participated in the round. Sequoia Capital partner Zhou Kui will join Miyabaobei's board of directions post investment. Previously, Miyabaobei.com received several […]

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