Los Angeles-headquartered Platinum Equity has acquired Chinese manufacturer Ying Shing Enterprises Limited, in the private equity firm's first acquisition in Asia, according to a company announcement. Platinum acquired its stake from the Ying Shing's founder and president, Chen Jianying, who will retain a minority stake and stay on to lead the business. No other details […]

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China's A-share and H-share market are at an exciting juncture in their path toward eventual convergence in both price and liquidity, writes Helen Zhu, head of China equities at BlackRock. The China A-share market, which has nearly doubled in the last 12 months, recorded daily turnover of US$290 billion, while the Hong Kong market rose […]

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Shenzhen-based Huakang Mobile Health has completed RMB200 million (US$32 million) series B round of financing from Yunfeng Capital, Shenzhen Co-Win Venture Capital Investments Limited, New Horizon Capital, and Henan Haijie Healthcare Investment, according to Chinese media reports. The revelation of the new funding round follows the announcement last week that Huakang has established a strategic […]

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The Immigration Department will launch a pilot scheme on May 4 allowing second-generation migrants to stay in Hong Kong.

Speaking at a press conference today, Assistant Director of Immigration Law Chun-nam said the scheme has no quota and applicants are not required to secure a job before entry.

Applicants must be aged 18 to 40, born overseas, have good education, and be well-versed in Chinese or English. They must start a job or business when renewing their stay after one year.

The department will also relax the stay arrangements for various talent admission schemes, and revise the scoring system for quality migrants to attract talent with excellent education backgrounds or international work experience.

"In view of the ageing population and shrinking labour force in Hong Kong, we need to ensure our admission schemes can attract and retain talent, professionals and entrepreneurs from outside Hong Kong to support our economic development," Mr Law said.

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Guotai Junan Innovation Investment Limited Company, the venture investment arm of Chinese brokerage firm Guotai Junan Securities, has established an industry merger and acquisition fund with a fundraising target of RMB250 million (US$40 million), according to Chinese media reports. The new fund, Guotai Junan Gelong M&A Fund, will seek to make equity and mezzanine investments […]

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Guotai Junan Innovation Investment Limited Company, the venture investment arm of Chinese brokerage firm Guotai Junan Securities, has established an industry merger and acquisition fund with a fundraising target of RMB250 million (US$40 million), according to Chinese media reports. The new fund, Guotai Junan Gelong M&A Fund, will seek to make equity and mezzanine investments […]

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Beijing Weiying Technology Co. Ltd., an online platform for movie ticket booking services, has completed US$105 million series B round of financing from Tencent Holdings Limited, Dalian Wanda Group, and other investors, according to Chinese media reports. Founded in 2014 by Tencent, China Culture Industry Investment Fund, and Bison Capital, Beijing Weiying provides online booking […]

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China's P2P (peer to peer) lending sector is largely unregulated and has experienced explosive growth, which plants the seed of serious moral hazard issue and high default risk, says a report by BofA Merrill Lynch Global Research. Perhaps to foster private competition in banking, the Chinese government has so far largely allowed the P2P lending […]

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