Nomura has appointed Zhao Yang as its China chief economist and Sophie Jiang as head of Hong Kong and China banks equity research, as the firm continues to enhance its research platform in the region, according to a company announcement. Zhao Yang will lead a team of three economists to forecast China’s economic cycle and […]

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Beijing-based private equity firm Heaven-Sent Capital Management Group Co., Ltd. has agreed to acquire 100% of South African gold producer Village Main Reef Limited for about US$58 million, according to a company announcement. Heaven-Sent offers to buy all of Village Main Reef's outstanding shares at 12.25 South African rand per share, representing a 14.49% premium to […]

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.

After three years of dwindling exits, Chinese private equity funds finally achieved a rebound in investment exits last year. In 2014, a total of 232 exits were recorded, up from 126 in 2013, according to a research report by global accounting firm PricewaterhouseCoopers. The rebound was driven by both an increase in exits through initial public […]

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.

Hong Kong-based Asia Frontier Capital, Singapore-based LyGH Capital, and CITIC Securities International Fund Management Limited are among the top 20 performing hedge funds globally in 2014, according to industry data tracker Preqin. Long-biased AFC Asia Frontier Fund recorded net returns of 37.58% last year, while GH China Century Fund and CITIC China Alpha II Fund […]

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The Government has proposed a 76.8% rise in jurors' allowances to $725 per day, an 8.3% increase to $445 for ordinary witnesses, and a 2.6% rise to $2,415 per day for expert witnesses.

The proposed increases, which were gazetted today, aim to maintain the real value of allowance rates to minimise the financial loss to those serving or testifying in court. The adjustments are based on the mechanism approved by the Legislative Council Finance Committee and refined recently.

Three legislative amendments to increase the rates of allowances for jurors and witnesses in criminal proceedings and coroners' inquests will be tabled at the Legislative Council on February 11 and March 18.

The revised rates will take effect on a date the Chief Justice specifies, pending legislative scrutiny.

Two men and a woman connected to a manslaughter case involving a beauty centre were arrested and charged today.

They will appear in Eastern Magistracy this afternoon.

Between September 29 and October 3, 2012, four women, aged 46 to 60, fell ill after receiving treatment at the beauty centre in Causeway Bay.

A 46-year-old patient died on October 10, 2012.

The trio were arrested in Kowloon City, Ma On Shan and Tsim Sha Tsui this morning.

Gambian nationals must apply for a visa to enter Hong Kong for all purposes, including those in transit, from February 12, the Immigration Department announced today.

Gambians can presently visit Hong Kong visa-free for up to 90 days.

The department reviews its visa policy constantly to make necessary changes that circumstances warrant, and to ensure a proper balance between facilitating genuine visitors and safeguarding immigration control.

It reminds Hong Kong SAR passport holders that a visa is also required for them to enter Gambia and they should check the latest visa requirements before visiting the country.

At present, nationals of about 170 countries and territories can visit Hong Kong visa-free for up to 180 days.

Here's the take of Paul Gillis at the China Accounting Blog on a possible settlement between the Big Four affiliates in China and the SEC over issues relating to access to their workpapers in SEC investigations.