The author is ANZ greater China chief economist Liu Li-Gang China’s State Council announced "opinions on pushing forward Hukou system reform" today. The opinion states that China will adopt differentiated approaches to push forward the Hukou reform. This is also the first time that China sets detailed criteria on how new residents can obtain Hukou […]

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Beijing-based Chinese mobile game media 1006.tv has received US$10 million series B financing led by Sequoia Capital, according to a company’s announcement. Chinese private equity firm ClearVue Partners also participates in this round of financing. The company previously received several millions of U.S. dollars in series A financing led by Matrix Partners in 2013. In 2011, […]

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New York Stock Exchange-listed Chinese mobile Internet services firm NQ Mobile Inc. says it has received a non-binding proposal from Bison Capital Holding Company Limited to acquire all of NQ's outstanding ordinary shares in a go-private deal, according to a company announcement. Bison has proposed to acquire all of NQ's shares at US$9.80 per American […]

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Jiangsu province-based Chinese automobile dealership company Rundong Automobile Group is planning an IPO in Hong Kong to raise as much as US$138 million, according to an official prospectus. Rundong plans to sell 268.62 million shares at HK$3.58 to HK$3.98 per share, to raise as much as HK$1.07 billion (US$138 million). The proceeds will be used for acquisitions, […]

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Customs officers seized $14 million worth smuggled electronic goods and arrested 14 men aged 24 to 64 in an anti-smuggling crackdown in the New Territories yesterday.

Customs officers stopped five outbound container tractors with trailers declared to be empty at Sha Tau Kok Control Point. They found 1,430 smartphones, 300 smartphone boards, 5,000 central processing units and 5,000 computer RAM chips, worth over $11 million, concealed inside false compartments of the trailer axles. They found another eight trailers with 4,000 central processing units and 5,400 computer RAM chips worth about $2.7 million in a fenced cargo yard in Tuen Mun.

Under the Import & Export Ordinance, any one found guilty of exporting unmanifested cargo is liable to a maximum $2 million fine and seven years in prison.

An operational event at Ling Ao Nuclear Power Station reported on the Daya Bay Nuclear Power Operations & Management website today had no safety significance, the Security Bureau says.

Maintenance staff found a deviation in the location of one of the sampling points from the design during an inspection of the radiation monitoring channels in the plant on July 29.

Air quality inside the plant remained normal as measured by other monitoring devices.

Personnel and other facilities were not affected, and the issue was classified as a Level 0 event on the International Nuclear Event Scale.

New York Stock Exchange-listed Chinese solar panel manufacturer JinkoSolar Holding Co., Ltd. says that China Development Bank International (CDBI), the Macquarie Greater China Infrastructure Fund and Chinese private equity firm New Horizon Capital have agreed to invest a total of US$225 million in the company's downstream solar power project business, according to a company announcement. […]

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