China has launched a private equity fund to invest in solar panel construction, clean energy and ecological remediation projects to improve the environment of the Silk Road Economic Belt, according to announcements made at a press conference held in Beijing. The Green Ecological Silk Road Investment Fund has an initial capital of RMB30 billion (US$4.8 […]

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Shenzhen-based cosmetics surgery hospital chain Pengai Hospital Management Corporation, backed by several venture capital firms, has filed for a Hong Kong initial public offering, according to a securities filing. The size and pricing of the IPO have not been determined. The company will use the proceeds for the establishment or acquisitions of larger scale treatment […]

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Baird Capital, the private equity investment arm of Milwaukee-based Robert W. Baird & Co., has agreed to lead an undisclosed series A round of financing for Shanghai-based used car auction platform Carsing, according to an official announcement. FLAG Squadron Capital and Delta Capital also participated in the round. The proceeds will be used for Carsing's […]

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New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc. has acquired To8to, an online interior decoration service platform in China, for US$34 million in cash for a minority stake, according to a company announcement. The deal follows the US$267 million acquisition of Chinese real estate listing platform Anjuke earlier this month by 58.com, which is […]

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China's consumer price index (CPI) increased 1.4% year-on-year in February, up by 0.6 percentage points from the previous month, beating market consensus, according to data released by China's National Bureau of Statistics. Producer price index (PPI) was below market consensus, declining 4.8% year-on-year in February, compared with January's 4.3% drop. The gauge has remained in […]

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China's export increased 48.3% over a year earlier to US$169.2 billion in February, much higher than market consensus, according to data released by China's General Administration of Customs. Imports declined by 20.5% on a year-on-year basis in February to US$108.6 billion. This led to the record high trade surplus of US$60.6 billion for the month. […]

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Secretary for Security TK Lai hosted the 3rd Quadripartite Forum on Emergency Response Management at the Central Government Offices today.

Emergency management authorities and organisations from Hong Kong, Guangdong, Macau and Taiwan shared their experience and knowledge at the event.

Mr Lai said extreme weather conditions associated with global warming will increase the risk of disasters.

Coupled with disasters like fires, air crashes, shipwrecks and large-scale industrial accidents, governments should strengthen their capability of handling emergency situations, he said.

Given the proximity of the four places taking part, close co-operation of their emergency management organisations is essential for an effective response to an emergency situation in the region, he added.

The headline says it all. They need a replacement for the irreplaceable Nicholas Bequelin, who is moving on to be the Regional Director for East Asia for Amnesty International. Here's the announcement.