China Legal Blog
Aggregated China Law Information

U.S. private equity firm TPG Capital and Shanghai-based Chinese conglomerate Fosun International Limited have agreed to acquire a majority stake in Canadian entertainment firm, Cirque du Soleil, according to a company announcement. TPG is to acquire a majority stake, while Fosun will purchase a minority stake to help the company launch and expand in China. […]

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I just read an interesting essay by Zhang Xingxian, currently a Practitioner-in-Residence at Indiana U.'s Research Center for Chinese Politics and Business, about his life as an official in China. I was struck by one observation he made: Although government…

I just read an interesting essay by Zhang Xingxian, currently a Practitioner-in-Residence at Indiana U.'s Research Center for Chinese Politics and Business, about his life as an official in China. I was struck by one observation he made: Although government…

China's most fundamental revamp of public finances since the early 1990s is likely to benefit Chinese sovereign creditworthiness over time, says a report by credit rating firm, Standard & Poor's Ratings Services. "The ability of provincial governments to issue domestic bonds could reduce the risk of contingent liabilities to the central government from the banking […]

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Shanghai-based e-commerce service provider Baozun Inc. has filed for an initial public offering in the U.S., proposing to raise as much as US$200 million, according to a regulatory filing. Details of the IPO have not been determined. Founded in 2007, Baozun received investment from a series of investors from 2009 to 2012. As a result, […]

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Consumer complaints during the first quarter of 2015 for Internet shopping increased by 174.4% year-on-year to 24,100 cases, according to statistics published by State Administration for Industry and Commerce of China. The State Administration revealed that China's nationwide industry and commerce administrative units received a total of 1.701 million consumer complaints, reports and inquiries in […]

The Government today issued the Amber Outbound Travel Alert for South Africa.

 

Hong Kong people planning to visit the country or who are already there should monitor the situation, exercise caution, attend to personal safety and avoid protests and large gatherings of people.

 

The Security Bureau is monitoring the situation and will issue updates through the media and its website.

 

Those who need assistance can call the Immigration Department on (852) 1868, or the Chinese Embassy in South Africa (Consular protection hotline) on (0027) 785857708.

China's central bank announced a 100 basis points cut in the bank reserve requirement ratio (RRR) yesterday, which means some monetary easing, but does not necessarily amount to stimulative measures, says a research report by UBS AG. The RRR cut will certain increase liquidity provision, but it serves largely to offset the drop in forex […]

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Shanghai-based online rebate and flash sale firm Fanli Inc. has completed an undisclosed series C financing round led by Japanese electronic commerce and Internet firm Rakuten, Inc. at a valuation of US$1 billion, according to a company announcement. Rakuten has taken a less than 10% stake in Fanli. Kevin H. Johnson, CEO of Ebates, a […]

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The Immigration Department and Police have arrested 33 Mainland visitors, aged 22 to 75, in an anti-illegal employment crackdown in Sheung Shui in the past two days. 

 

Sixteen men and 17 women were arrested for breaching their conditions of stay by being involved in suspected parallel goods trading on Ka Fu Close, Po Wan Road, San Wan Road, the area around Shek Wu Hui Jockey Club Playground, Cambridge Plaza and Advanced Technology Centre in Sheung Shui.

 

Officers seized milk powder, nappies, skin-care products, daily necessities, food, mobile phones and other electronic products.

 

A total of 2,144 Mainland visitors and 14 Hong Kong residents have been arrested for parallel goods trading since 2012. Of these, 215 Mainlanders have been prosecuted and 205 have been jailed.

In this episode of China Money Podcast, guest Dr. Marc Faber, renowned investor and publisher of The Gloom, Boom & Doom Report, speaks with our host Nina Xiang. Dr. Faber shares his thoughts on why China's economic problems are solvable, explains the reasons behind his belief that China is likely to keep its currency stable, […]

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 Dr. Marc Faber, renowned investor and publisher of The Gloom, Boom & Doom Report, speaks with our host Nina Xiang. Dr. Faber shares his thoughts on why China's economic problems are solvable, explains the reasons behind his belief that China is likely to keep its currency stable, […]

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 earnings and profitability of some Chinese property developers could deteriorate further in 2015, and more defaults cannot be ruled out, says a report published by Standard & Poor's Ratings Services (S&P). The annual results for 2014 indicate that many developers are in significantly worse shape than in the previous year. Although most of these […]

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Customs officers seized 1.8 million illicit cigarettes from two containers at Tuen Mun River Trade Terminal Customs Cargo Examination Compound yesterday.

 

The haul was valued at $4.9 million with a duty potential of $3.5 million.

 

Officers inspected the containers, declared to contain electronic parts and LED lights, from an arriving river trade vessel.

 

The cigarettes were found mix-loaded with general goods.

Beijing-based Chinese private equity firm Hony Capital has offloaded 1.37 billion shares of Chinese generic drugs maker CSPC Pharmaceutical Group Limited at HK$7.15 per share, according to a securities filing. The selling price represents a 4.4% discount to the company's last closing price of HK$7.48 on Thursday. The transaction generated total proceeds of approximately HK$9.796 […]

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New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc. has agreed to acquire approximately 43.2% fully diluted equity stake in unlisted rival Ganji.com for around US$1.6 billion, according to a company announcement. The deal includes approximately 34 million newly issued ordinary shares of 58.com and US$412.2 million in cash. The two companies will continue to […]

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Beijing-based Chinese conglomerate Legend Holdings Limited, the parent company of Hong Kong-listed personal computer maker Lenovo Group Limited, has filed for an initial public offering in Hong Kong, according to a securities filing. The IPO, which reportedly seeks to raise as much as US$3 billion, is expected to be completed in the third quarter of […]

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Hangzhou-based Chinese e-commerce giant Alibaba Group Holdings has agreed to transfer its online pharmacy business to Hong Kong-listed Alibaba Health Information Technology, formerly named CITIC 21CN, in exchange for majority ownership of the digital healthcare company in a US$2.5 billion deal, according to a company announcement. Alibaba Group will inject the e-pharmacy operations of its […]

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The Marine Police will hold an exhibition in Cheung Chau to celebrate the Hong Kong Police Force’s 170th anniversary.

 

A Police launch will be open to the public at Cheung Chau Public Pier, allowing people to see officers' equipment and working environment.

 

Cheung Chau Police Station will have display panels, photos and game booths showing Marine Police work.

 

There will also be parades of officers dressed in marine police uniforms from different eras.

 

The exhibition will be held from April 17 to 19 and April 24 to 26.

The Government has announced that Chong Man-keung and Hung Keung will join the Advisory Committee on Admission of Quality Migrants & Professionals from today.

 

Their terms will run to June 30, 2016.

 

The committee advises the Director of Immigration on applications received under the Quality Migrant Admission Scheme and the Admission Scheme for Mainland Talents & Professionals.

Shanghai-based Internet insurance company Zhong An Insurance, co-founded by three Chinese online entrepreneurs, is in the process of raising approximately RMB9 billion (US$1.45 billion) in its first round of financing, according to Chinese media reports. China International Capital Corporation Limited (CICC) and Morgan Stanley are participating in the financing round, which is expected to close […]

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