Shenzhen Cowin Capital is to make a full exit from Guangxi Nancheng Department Store via a strategic sale, as Hunan province-based supermarket and mall operator Better-Life Commercial Chain Share Co., Ltd. agreed to acquire the investment firm's remaining 2.32% stake for around RMB36.5 million, according to a regulatory filing. The sale, initially announced in May 2014, […]

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Customs officers arrested 20 people in a three-day raid, seizing 46,000 counterfeit Lunar New Year goods worth about $433,000.

Officers seized the goods from two wholesale and 14 retail points in North Point, Wan Chai, Mong Kok, Sham Shui Po, Kwai Chung and Yuen Long from February 4 to 6, and arrested nine men and 11 women, aged between 20 and 60.

The department advised consumers to buy from reputable shops, and reminded traders that selling infringing goods was a criminal offence, subject to a maximum penalty of five years imprisonment and a $500,000 fine.

Call 2545 6182 to report counterfeit activities.

Bi Mingjian, a partner at Chinese private equity firm Hopu Investment Management Co., may return to China International Capital Corporation (CICC) as CEO of the Beijing-based financial services firm, according to unverified Chinese media reports. Bi, who has held numerous senior positions at CICC from late 1990s to 2005, is to succeed Levin Zhu, the […]

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