Heilongjiang province-based Jintian Pharmaceutical Group is planning an IPO in Hong Kong to raise a maximum of $273 million, according to a company filing. In October 2011, CVC Capital Partners invested $84.1 million to acquire a 24.24% stake in the Chinese pharmaceutical retailer and distributor in Northeast China, then named Asia Health Century International (AHCI). […]

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Beijing-based online automobile marketplace Autohome plans to raise $125.9 million through an IPO on the New York Stock Exchange. Autohome will sell 8.99 million American Depository Shares (ADS) at $12-14 apiece, according to a U.S. Securities and Exchange Commission filing. The company says it will use the proceeds to invest in technology and product development, […]

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Beijing-based online food ordering and delivery platform Etaoshi says the company has received nearly $10 million of series A funding led by Highland Capital Partners, according to media report. Several Chinese domestic venture capital firms, who remain anonymous, also participated in the round. The company says it will use the proceeds to expand businesses in […]

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Beijing-based online travel platform Breadtrip.com says the company has raised “tens of millions of U.S. dollars” in series B funding from China Broadband Capital (CBC). The exact amount was not disclosed. Breadtrip received $2 million in series A funding from Vertex Venture Holdings, a wholly-owned subsidiary of Temasek Holdings in March 2013, according to media […]

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The author is Capital Economics' China economist Qinwei Wang China’s stock market rebounded strongly in the second half of November, as the comprehensive reform plan released following the Plenum seems to have eased fears of a sharp slowdown in the economy. Meanwhile, the People’s Bank of China has kept the onshore RMB exchange rate stable, […]

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The author is Standard & Poor's primary credit analyst KimEng Tan We affirm the 'AA-' long-term and 'A-1+' short-term sovereign credit rating on the People's Republic of China. The outlook on the long-term rating is stable. The ratings on China reflect the country's strong economic growth potential, robust external position, and the government's relatively healthy […]

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The author is ANZ Greater China chief economist Li-Gang Liu The People's Bank of China announced on its website this afternoon that it conducted short-term liquidity operations (SLOs) twice at the end of October when the 7-day repo rate hit 5.7%, to ease market liquidity tightness. This is the first batch of SLOs conducted by […]

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You might have read headlines saying that Burberry had lost its trademark rights in China. Not quite. Yes, it is embroiled in a complicated, but familiar, trademark dispute with a competitor, but it’s a bit early to close the book on this one. The backstory here is that Burberry has been fighting with a Taiwanese […]

You might have read headlines saying that Burberry had lost its trademark rights in China. Not quite. Yes, it is embroiled in a complicated, but familiar, trademark dispute with a competitor, but it’s a bit early to close the book on this one. The backstory here is that Burberry has been fighting with a Taiwanese […]

You might have read headlines saying that Burberry had lost its trademark rights in China. Not quite. Yes, it is embroiled in a complicated, but familiar, trademark dispute with a competitor, but it’s a bit early to close the book on this one. The backstory here is that Burberry has been fighting with a Taiwanese […]

The Monetary Authority today issued an alert about a fraudulent website with the domain name www.kdbaonline.com, which looks similar to the official Korea Development Bank site.

The bank has clarified it has no connection with the fraudulent site, and has reported the case to Police.

Anyone who has provided personal information to the site, or conducted financial transactions through it, should contact the bank on 2524 7011 or Police.

Year-on-year falls of 4.2% and 4.8% were recorded in overall and violent crime in the first 10 months of this year, keeping Hong Kong’s law and order situation stable.

Briefing the media after attending today's Fight Crime Committee meeting, Secretary for Security TK Lai said there were decreases in cases of burglary (-16.4%), criminal damage (-13%), criminal intimidation (-12.9%), rape (8.9%), wounding and serious assault (-8.8%), and miscellaneous theft (-8.4%).

However, increases were recorded in cases of homicide (172.7%), blackmail (144.9%), deception (8.9%), and indecent assault (2.4%).

Mr Lai said the higher homicide figure was due to manslaughter charges made against the two coxswains involved in the Lamma Island ferry tragedy, in which 39 people died.

Meanwhile, serious drug offences rose 8.8%. Seizures of ecstasy-type tablets rose by 28 times, while that of ‘ice’, heroin and cannabis rose 117.9%, 28.8% and 17.4%. The amount of seized ketamine and cocaine recorded decreases of 72.3% and 70.2%.

The number of young people arrested aged 10 to 15 and 16 to 25 decreased by 16.1% and 13.2%. They mainly committed shop theft, miscellaneous theft, wounding and serious assault, and serious drug offences.

I'm not one of those people who says tha…

I'm not one of those people who says tha…

Secretary for Security TK Lai today signed a bilateral agreement with Sweden on Mutual Legal Assistance in Criminal Matters.

He signed the deal with Swedish Minister for Public Administration & Housing Stefan Attefall.

"The agreement marks a further step by both governments to strengthen co-operation on criminal matters. It demonstrates our shared commitment to the international effort in fighting crime," Mr Lai said.

"It also accentuates Hong Kong's unique strengths under the 'One Country, Two Systems' principle."

The agreement is the 30th of its kind between Hong Kong and other jurisdictions.

The number of approved applications for registered permanent residence in Taiwan by Hong Kong and Macau residents in the first nine months of 2013 fell 14% compared with the same period last year, the Security Bureau said today.

The information, published by Taiwan authorities, is contrary to reports there was a marked increase in the number of Hong Kong emigrants to Taiwan.

Figures obtained by the Hong Kong Economic, Trade & Cultural Office in Taiwan showed that from January to September the number of approved applications for registered permanent residence by Hong Kong and Macau residents in Taiwan was 486, while the number for the same period in 2012 was 567.

The figures should be distinguished from applications for residence, which include entry applications for work or study, not for permanent residence, the bureau said.

The number of applications for residence from Hong Kong and Macau residents shot up in September 2012 and 2013 respectively, the start of the academic year, which suggests that the bulk of these applications were for the purpose of study, it added.

Police arrested a 64-year-old man after the murder of a 53-year-old woman in Sham Shui Po today.

Officers found the woman unconscious in a flat at 79 Fuk Wa Street just after 8.30am.

She had multiple cuts on her head and neck, and was certified dead at the scene.

A man in the flat, believed to be the woman's lover, was arrested for murder and has been detained for questioning.

Police have arrested a 46-year-old man for dangerous driving causing death after his car reportedly struck and killed a 12-year-old boy in Ma On Shan.

The accident happened about 7am, as the car was travelling along Sai Sha Road near Nga Yiu Tau Village.

The boy was sent to Prince of Wales Hospital where he died at 7.39am.

Witnesses should call Police on 3661 1300.

The author is Niall MacLeod, Asian equity strategist of UBS Investment Bank UBS expects Asia Pacific equities to rise 13% in 2014 as our economists forecast a gradual pick-up in growth next year, driven by exports. However growth is likely to plateau mid-year. We see few domestic policy headwinds, but Fed Tapering is likely to […]

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Shanghai-based online food ordering site Ele.me says the company has raised $25 million series C financing. Sequoia Capital China led the round. Existing investors GSR Ventures and Matrix Partners China also participated. Ele.me, which means "are you hungry?" in Chinese, says it will use the proceeds to improve research & development, as well as scale […]

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Beijing-based independent third party mobile data service platform TalkingData says the company has raised tens of millions of U.S. dollars in series A funding led by Northern Light Venture Capital. The exact amount was not disclosed. TalkingData says it will use the proceeds to expand investment in research and development for vertical fields like mobile […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.