Secretary for Justice Rimsky Yuen will visit Beijing from April 12 to 14 to attend the 54th annual session of the Asian-African Legal Consultative Organisation.

The organisation primarily serves as an advisory body to its member states in the area of international law and as a forum for Asian-African cooperation in legal matters of common concern. It currently has 47 member states and two permanent observer states.

Hosted by the Central People's Government, the session will discuss various legal issues including international trade law, law of the sea, and environment and sustainable development.

During his stay in Beijing, Mr Yuen will also meet with Supreme People's Procuratorate and Ministry of Foreign Affairs officials.

Shanghai-based cloud computing service provider UCloud has completed US$100 million series C round of financing led by Legend Capital, according to a company announcement. VMS Legend Investment Fund, DCM, Bertelsmann Asia Investments, and GX Capital also participated. The company says it will use the proceeds on technology development, hiring new talents, marketing, and expanding into […]

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CITIC Capital has sold its 1.96% stake in Hong Kong-listed bad debt manager, China Cinda Asset Management Co. Ltd., for a total of HK$1.09 billion (US$140 million), according to media reports. CITIC Capital offloaded 229.2 million shares at HK$4.75 per share, a 2.5% discount to Thursday's closing price of HK$4.87. In March 2012, CITIC Capital […]

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China's consumer price index (CPI) remained steady in March, increasing 1.4% year-on-year, according to data released by China's National Bureau of Statistics. On a monthly basis, the CPI fell by 0.5%, from 1.2% previously, as food prices declined after the Chinese New Year. Producer price index (PPI) continues to fall, declining by 4.6% year-on-year in […]

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Beijing-based P2P (peer to peer) lending platform 9fbank has completed US$110 million new round of financing led by IDG Capital Partners and SIG Asia, according to a company announcement. Other individual investors and Chinese investment firms also participated in the round, which was completed at the beginning of this year and included US$20 million of […]

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