Scotland-headquartered Aberdeen Asset Management PLC has agreed to acquire FLAG Capital Management, LLC, a manager of private equity and real asset with offices in Connecticut, Boston, Massachusetts, and Hong Kong, according to a company announcement. Financial details of the deal were not disclosed. In 2012, FLAG Capital acquired Squadron Capital Management Limited, a Hong Kong-based […]

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Secretary for Security TK Lai says the Government respects Malaysia's decision to refuse entry to legislator Leung Kwok-hung.

He made the statement today in response to a reporter's question, adding the Government respects immigration decisions made by other jurisdictions according to their laws.

He said the Government will not intervene in the issue.

Meanwhile, Mr Lai said disciplinary services officers deployed at immigration checkpoints will help implement Middle East Respiratory Syndrome quarantine measures.

The Immigration Department and Police arrested eight Mainlanders, aged 43 to 60, in a crackdown on illegal employment in North District yesterday.

The four men and four women were arrested for breaching their conditions of stay by being involved in parallel goods trading at Castle Peak Road – San Tin.

Officers seized milk powder, daily necessities, cosmetics and electronic products.

A total of 2,297 Mainlanders and 14 Hong Kong residents have been arrested for parallel goods trading since 2012. Of these, 216 Mainlanders have been prosecuted, and 206 of them have been jailed.

The reported liquidity drain of over RMB100 billion by China's central bank does not indicate the start of the country's monetary policy reversal. China will continue deploying further loosening policies via interest rate cut and bank reserve requirement ratio (RRR) cut, says a BofA Merrill Lynch Global Research report. The People's Bank of China (PBoC) […]

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The reported liquidity drain of over RMB100 billion by China's central bank does not indicate the start of the country's monetary policy reversal. China will continue deploying further loosening policies via interest rate cut and bank reserve requirement ratio (RRR) cut, says a BofA Merrill Lynch Global Research report. The People's Bank of China (PBoC) […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Private equity firm Warburg Pincus LLC has launched a share sale worth as much as US$341 million in Hong Kong-listed Chinese car rental company, CAR Inc., in an exit that will bring proceeds that are 1.5 times of its original investment. Warburg Pincus is reportedly offering 140 million shares at an indicative price range of […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.