Here's the announcement.

Here's the announcement.

The real estate investment arm of Canada's second-largest pension fund, Caisse de depot et placement du Quebec, has joined CBRE Global Investment Partners to invest in Asian logistics real estate firm Logos Property Group to expand its China investments, according to a company announcement. Even though the specific investment amount is not disclosed, the committed […]

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.

Asian private equity firm PAG Asia Capital and event-driven hedge fund firm Quantum Enhanced Fund has joined a group of investors to invest HK$3.87 billion (US$500 million) in Hong Kong-based financial services firm Kingston Financial Group, according to a securities filing. The investor group, which also includes Chow Tai Fook Nominee Ltd, an entity controlled […]

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.

Global private equity giant the Carlyle Group has agreed to invest approximately US$115 million for an 18.54% stake in Chinese independent financial leasing firm, JIC Leasing Co., Ltd., according to a company announcement. Carlyle is investing through its Carlyle Asia Growth Partners IV fund, and the deal is expected to close in the second half […]

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.

NASDAQ-listed Chinese online game developer and operator KongZhong Corporation has received a preliminary non-binding proposal from its chairman and CEO, as well as IDG-Accel China Growth Fund II L.P., to take the company private, according to a company announcement. Wang Leilei, KongZhong's chairman and CEO, and IDG-Accel plan to acquire all of the company's outstanding […]

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.

Customs officers have arrested 112 people in crackdowns on counterfeit goods sold online in the first half of this year. 

Officers had seized more than 15,000 counterfeit items in 99 cases, including handbags, clothing, sports shoes and other accessories, worth about $1.2 million.

Briefing the media today, Intellectual Property Investigation Bureau Head Louise Ho noted the trend of migration from auction sites to social networking platforms through which the crime was committed.

There were 64 such cases among the 99 – three times the number recorded in the same period in 2014.

Among the people arrested, 45 were aged below 21, twice the number recorded in the same period last year.

Ms Ho said more students, in particular secondary school students, were found to be involved in such illicit business. The youngest arrestee was a 12-year-old Form 1 student.

The department will continue to combat online sales of fake goods during the summer holidays, she added.

Call 2545 6182 to report counterfeiting activities.

The Hong Kong Economic, Trade & Cultural Office in Taiwan has been notified that a sixth Hong Kong resident was injured in a fire in New Taipei City two days ago.

The Immigration Department today said the woman is receiving medical treatment in Taiwan where she lives with her family and studies.

Immigration officers visited the woman in hospital and spoke with her family this morning and were told that they want her remain in Taiwan for medical treatment.

The department has also helped two injured Hong Kong residents leave Taiwan for medical treatment. One has returned to Hong Kong, while the other has gone to Shanghai for treatment as requested by her family.

Chief Executive CY Leung today vowed that the Government would continue to step up efforts in providing all the necessary help for the injured Hong Kong residents in Taiwan and assist their families.

Hong Kong residents who need help when abroad can call the department's 24-hour hotline (852)1868.

China Mobile, China Unicom, and China Telecom all published their operating statistics for May 2015 and China Mobile, who has over 800 million mobile users, continues to lead the Chinese telecom market. Statistics showed that China Mobile gained 373,000 new users in May 2015 and its user group reached 816.335 million. Of those, the number […]

Global private equity giant the Carlyle Group has agreed to invest approximately US$120 million in Chinese logistics firm, Shanghai ANE Logistics Limited, according to a company announcement. Carlyle is investing through Carlyle Asia Partners IV L.P., and the deal is expected to close in the third quarter of 2015. Founded in 2010 and headquartered in […]

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.

OlymTech Corporation, a China-based IT solution service provider for logistics companies, has raised approximately US$20 million in its series A financing round from IDG Capital Partners, Matrix Partners and Yunqi Partners, according to a company announcement. Founded in 2002 by IT and logistics professionals from the Silicon Valley and China, OlymTech provides cloud-based IT solutions […]

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.

China-focused private equity firm Lunar Capital Management is seeking to raise US$380 million for its fourth fund, according to media reports. The firm launched the fund, named Lunar Capital Partners IV L.P., in January, according to a securities filing. Founded in 1999, Lunar Capital's first fund invested founding partners' own capital. Its second fund raised […]

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.

China-focused private equity firm Lunar Capital Management is seeking to raise US$380 million for its fourth fund, according to media reports. The firm launched the fund, named Lunar Capital Partners IV L.P., in January, according to a securities filing. Founded in 1999, Lunar Capital's first fund invested founding partners' own capital. Its second fund raised […]

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.

Sino-French private equity firm Cathay Capital Private Equity has made an undisclosed investment in SeaOwl, a France-based marine service provider, according to a company announcement. Cathay Capital is investing through its Sino French SME Fund and Cathay Capital II Fund. No other details of the investment were disclosed. SeaOwl plans to use the proceeds to […]

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.

Sino-French private equity firm Cathay Capital Private Equity has made an undisclosed investment in SeaOwl, a France-based marine service provider, according to a company announcement. Cathay Capital is investing through its Sino French SME Fund and Cathay Capital II Fund. No other details of the investment were disclosed. SeaOwl plans to use the proceeds to […]

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.

The Immigration Department today helped two Hong Kong residents injured in a fire in Taiwan to leave for medical treatment. 

One of them returned to Hong Kong this afternoon, while the other will be sent to Shanghai tonight for medical treatment as requested by her family.

The immigration officers sent to Taiwan yesterday will continue to visit the remaining three citizens injured in Taiwan and help their families.

Hong Kong residents who need help when abroad can call the department's 24-hour hotline on (852)1868.

Police will implement crowd management controls and special traffic arrangements to facilitate public order events to be held on July 1, including a public meeting at Victoria Park, a procession from the park to Central, and another public meeting in Central.

At a press briefing today, Hong Kong Island Senior Superintendent (Operations) Tse Kwok-wai said the public meeting in Victoria Park will be held at 1pm at the six football pitches there.

The procession is to commence at 3pm, but will set off when meeting participants and those awaiting the start of the procession have occupied about 85% of the football pitches area.

In anticipation of a large number of participants, Police have urged the event marshals to work with their officers to facilitate the arriving crowd's orderly access to the venue for the meeting and the procession.

Participants are advised to be patient and adhere to arrangements made by the organiser and Police instructions on site.

Organisations wishing to set up street stations should apply for relevant licences from the concerned government departments.

They should also ensure their street stations will not cause unreasonable obstruction to the procession, nor endanger the procession's safety or that of other road users.

The Fire Services Department carried out 28 safety inspections on public entertainment venues yesterday, amid concerns over the use of flammable powder following an incident in Taiwan.

Hundreds were injured during an event in Taiwan yesterday when a coloured powder ignited after being sprayed onto the crowd.

Acting Deputy Chief Fire Officer Tsang Wing-hung reminded event organisers during a press conference today to strictly observe fire safety requirements, adding that officers had not found flammable powder being used at the venues.

Mr Tsang stressed that the inspections will continue.

He noted that a licence is required to stage public entertainment events and the department will issue fire safety requirements and advice to the applicants.

An application has been made for an event at Asia World Expo next month, which listed the use of coloured spray paint as one of the highlights, but Mr Tsang said the organiser had confirmed at a meeting today that no flammable powder would be used.

The department will formulate appropriate fire safety requirements for the organiser to implement before issuing a fire safety certificate for the event, he added.

The Immigration Department today sent officers to Taiwan to help Hong Kong people injured in last night's fire in New Taipei City.

The department is liaising with the Hong Kong Economic, Trade & Cultural Office (Taiwan) (HKETCO) to get the latest information.

Up to 3.30pm, five Hong Kong residents have been confirmed to have been hurt in the fire.

The department has contacted the families of the injured and will assist according to their wishes and situation.

It will continue contact with HKETCO and the families to monitor the situation and offer any aid required.

Hong Kong residents needing help when abroad can call the department's 24-hour hotline (852)1868.

The Chinese central bank's announcement to cut policy rates is not surprising given the country's weak economic fundamentals, but monetary policy easing so far has limited impact on improving the growth momentum, pointing to an ineffective policy transmission process, says a report by ANZ. The People's Bank of China said tonight that it would cut […]

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.

Suzhou-based online travel agency LY.com, backed by a number of venture capital firms, has launched its initial public offering on China's domestic A-share market, according to Chinese media reports. At the same time, Dalian Wanda Group and Tencent Group Holdings have reportedly agreed to invest in the company, though no details of their investments are […]

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.