Shunwei Capital, a private equity and venture investment firm co-founded by Lei Jun, the founder of Chinese smartphone maker Xiaomi Inc., has completed raising RMB1 billion (US$160 million) for its first RMB fund, according to Lei Jun's official Weibo account. The fund completed capital raising before the end of year of the horse, says the […]

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As regional and global private equity firms expand operations and dig deeper into major markets in the Asia Pacific region, competition for private equity investment professionals continues to rise and is likely to increase further throughout 2015, according to a survey conducted by global executive search firm Heidrick & Struggles International, Inc. Around 64% of […]

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Secretary for Justice Rimsky Yuen visited the Delhi International Arbitration Centre in New Delhi today to enhance exchanges and co-operation with India's legal and dispute resolution sector.

He was briefed on the centre's operations and facilities by the Sitting Judge of the High Court of Delhi Justice Sanjiv Khanna.

The centre was established in 2009 by the High Court of Delhi and ensures effective settlement of disputes by arbitration. More than 700 cases have been referred to the centre since its inauguration.

On the last day of his visit to New Delhi today, Mr Yuen met with India's Minister for Law & Justice Shri D V Sadananda Gowda and called on the Chinese Ambassador to India Le Yucheng.

Hong Kong has established strong relationships with India on mutual co-operation in criminal matters. In addition to the current bilateral agreements for Mutual Legal Assistance in Criminal Matters and Surrender of Fugitive Offenders, an agreement for Transfer of Sentenced Persons was also signed in January this year.

Although there are fewer people in Correctional Services Department custody, there are more seniors among them.

Delivering the department’s year-end review today, Commissioner of Correctional Services Yau Chi-chiu said 340 people aged 65 or above were admitted to correctional facilities in 2014, representing an 81.8% increase on 2005.

She said the trend reflects Hong Kong's aging population, adding the department improved Tai Lam Correctional Institution's facilities last year to cope with the demand.

Suitable jobs and activities are arranged for the elderly inmates, such as tai-chi and gardening.

There were 3,592 cases of violating prison discipline, with 567 involving violence, an 18.9% increase year-on-year. The cases mainly came from facilities in Hei Ling Chau, Lo Wu and Lai Chi Kok.

As some involved foreign inmates who speak a different language and have a different culture, the department will boost translation and psychological support services for them.

Mr Yau also said the department is undergoing a peak staff wastage period, and will recruit at least 50 Officers and 240 Assistant Officers in the coming year.

China's new RMB loans stood at RMB1.47 trillion in January, beating market expectations of RMB1.35 trillion, and compares with RMB697 billion in December 2014, and RMB1.32 trillion in January, 2014, according to data released by the People’s Bank of China. Outstanding total RMB loan grew 13.9% year-on-year in January, compared with last month's 13.6% increase. […]

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China's January sequential total social financing growth slowed significantly, despite modestly faster growth in new local currency loans, reflecting an unfavorable monetary and fiscal policy stance despite the apparent desire to loosen policy, says a research report by Goldman Sachs/Gaohua senior China macro economist, Song Yu. New RMB loans stood at RMB1.47 trillion in January, […]

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