Greater China-focused mid-cap private equity firm Zoyi Capital has invested an undisclosed amount in Taiwan-based machine tool producer, Quaser Machine Tools Inc., according to media reports. Established in 1991, Quaser Machine Tools has cooperation with 30 distributors worldwide. It operates service centers in Switzerland and the Greater China region, with the European market taking up 70% […]

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Fosun International Limited has entered into a strategic partnership with the Osborne Group by acquiring a 20% stake of the Spanish ham and wine producer, according to Osborne’s official announcement. The deal size and specific details of the investment are not disclosed. The Osborne family will still maintain control of the company, holding an 80% […]

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Chinese trousers retailer Shanxi Baiyuan Trousers Chain Management has acquired cross-boarder online B2C platform Shenzhen Globalegrow E-Commerce Co. , Ltd. for RMB1.03 billion (US$166 million) via cash payment and stocks swap arrangements, according to Baiyuan’s regulatory filing. This will allow existing investors in Shenzhen Globalegrow, Shenzhen Capital Group and Hotland Venture Fund, to fully exit […]

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In this episode of China Money Podcast, guest Aidan Yao, an economist for emerging Asia at French financial services firm AXA Investment Managers, talks to our host Nina Xiang, about China's second quarter economic indicators and their implications, how the Chinese government is likely to manage the property downturn, and why China's Qualified Domestic Institutional […]

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The Department of Justice did not proceed with the prosecution case on Chan Wei-guang due to fresh evidence.

It issued a statement today in response to media enquiries on the case, saying Ms Chan, who was charged with one count of theft, provided certain documents in May relevant to her defence.

Police conducted further investigation into the case in the light of representations made by the complainant in June. Police submitted the latest investigation outcome to the department on July 9.

The department said the Prosecution Code says a prosecutor has the duty to continually review a prosecution that has started, and the prosecution must be discontinued if, following a change of circumstances, the evidence is no longer sufficient or proceeding with prosecution is not in the interests of public justice.

After careful consideration of the documents and the result of the police investigation, counsel from the Prosecutions Division considered the overall evidential position had changed, it said.

The fresh evidence cast doubt on the credibility of the original evidence and the prosecution believed there was insufficient evidence to support a reasonable prospect of conviction.

The decision not to proceed was endorsed by the Director of Public Prosecutions.

Police have arrested 176 people for bookmaking and money laundering, seizing $750 million in betting records and 62 computers.

Officers raided 140 locations during the World Cup period between June and July, and arrested 143 men and 33 women, aged 20 to 65.

They also seized $13 million in assets.

During the 2010 World Cup, 235 people were arrested and $361 million in betting records were seized.

The Security Bureau has raised the Outbound Travel Alert for Israel to red due to the volatile security situation there.

Hong Kong people intending to visit Israel should adjust their travel plans and avoid non-essential trips.

Those already there should exercise caution, attend to personal safety, avoid protests and large gatherings of people, and monitor local announcements on the latest situation. Residents should also avoid all travel to Gaza and nearby areas.

Hong Kong residents in Israel can call the Immigration Department on (852) 1868 or the Chinese Embassy on (972) 52-8391282.

The author is Nomura Global Markets Research According to the Chinese central government's official website, the State Council emphasised at a regular meeting on July 16 that "the key economic targets that we set in the Government Working Report were decided by the Central Economic Working Conference and approved by the National People's Congress. They […]

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Beijing-based third-party push notification service provider igetui.com has completed tens of millions U.S. dollars series B financing led by SAIF Partners, according to an announcement made by igetui. Existing investors in series A round all participated in the newest round, including U.S. venture firm WI Harper. The proceeds will be used for research and development, […]

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Beijing-based third-party push notification service provider igetui.com has completed tens of millions U.S. dollars series B financing led by SAIF Partners, according to an announcement made by igetui. Existing investors in series A round all participated in the newest round, including U.S. venture firm WI Harper. The proceeds will be used for research and development, […]

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.