A private equity unit under Chinese brokerage firm Orient Securities Company Limited has proposed to take NASDAQ-listed China Mobile Games and Entertainment Group (CMGE) private in a deal valued at roughly US$673.2 million, according to a securities filing. Orient Hongtai (Beijing) Investment Management Co., Ltd., the private investment arm of Shanghai-based Orient Securities, proposes to […]

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Shanghai, China, May 20, 2015 /ChinaNewswire.com – Xinwengao.com/ – ACI is delighted to announce that the annual China Summit on Anti-Corruption will take place June 16-18 in Shanghai. Now in its 8th successful year, this forum will once again provide latest guidance on anti-corruption enforcement initiatives in China, and practical solutions for multinational companies’ China-specific … >>>

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Asia ex-Japan hedge funds were the best performers in April, with gains of 8.26% for the month. In the region, Chinese managers posted the best returns, with the Eurekahedge Greater China Hedge Fund Index up 15.55%, according to a research report by Eurekehedge, a hedge fund data and research firm. Investor optimism remained high following […]

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The city of Chongqing has launched an industry investment fund with a fundraising target of RMB80 billion (US$13 billion) to invest in strategic and emerging industries, according to news reports by official Chinese media. The fund will help transform Chongqing, historically an industrial center in Southwest China, to a new economic engine driven by innovation […]

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Ant Financial Services Group, the financial services arm of Chinese e-commerce giant Alibaba Group Holding, has launched a RMB1 billion (US$160 million) fund to invest in the Internet finance sector, according to an announcement posted on its official Weibo account. The entity, named Ant Ecosystem Co-Win Fund, will seek to back start-ups in the Internet […]

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Secretary for Justice Rimsky Yuen met officials from the Hong Kong & Macao Affairs Office in Shenzhen today to discuss co-location arrangements for the Guangzhou-Shenzhen-Hong Kong Express Rail Link.

He said the Central Government and the Government of the Hong Kong Special Administrative Region want to ensure the legal framework for the line's co-location complies with the Basic Law.

He said both sides believe an arrangement can be achieved towards the end of 2017 when the railway opens.

He called on the public not to politicise discussions over the issue.

Secretary for Transport & Housing Prof Anthony Cheung also attended the meeting.

The Government's aim is to have co-location boundary control arrangements ready by the time the Guangzhou-Shenzhen-Hong Kong Express Rail Link opens, Secretary for Justice Rimsky Yuen said today.

Speaking before leaving for Shenzhen this morning, he added that the arrangement is important for the rail line's efficiency and the economic benefits it will generate.

Mr Yuen is visiting Shenzhen with Secretary for Transport & Housing Prof Anthony Cheung to discuss the co-location arrangements with Hong Kong & Macau Affairs Office officials.