China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, dropped to 50 in July from 50.2 in the prior month. In the meantime, Caixin China flash PMI fell to a 15-months low of 48.2 in July, down from 49.6 in June. "The decline of the official PMI suggests that the manufacturing […]

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China Investment Corporation (CIC) has made an undisclosed investment in Chinese taxi-hailing app maker Didi Kuaidi, according to media reports. Representatives at CIC did not reply to an inquiry to confirm the news. The investment is part of Didi Kuaidi's latest financing round, which the company revealed in early July. Previous investors in the round […]

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CDIB Capital, the private equity arm of Taiwan’s China Development Financial, has reportedly reach a final closing of US$405 million on its Asia-focused U.S. dollar fund, according to media reports. A representative at China Development Financial refused to confirm the news. The vehicle, named CDIB Capital Asia Partners Fund, had an estimated fundraising target of […]

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Southeast Asia-focused investment firm Navis Capital has sold Singaporean waste management company, ECO Industrial Environmental Engineering, to China’s Beijing Capital Group for S$246 million (US$179 million), according to a company announcement. "ECO’s unique capabilities in processing toxic industrial waste are highly complementary to our existing business in China and abroad," says Wu Lishun, deputy general […]

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.

Southeast Asia-focused investment firm Navis Capital has sold Singaporean waste management company, ECO Industrial Environmental Engineering, to China’s Beijing Capital Group for S$246 million (US$179 million), according to a company announcement. "ECO’s unique capabilities in processing toxic industrial waste are highly complementary to our existing business in China and abroad," says Wu Lishun, deputy general […]

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.

Police today appealed to the public to use the 999 hotline service for emergencies only.

Police Regional Command & Control Centres received more than 1.1 million calls in the first half of the year, of which about 60% – or about 6.68 million calls – were genuine. The rest were either misdialled or nuisance calls.

Hotline misuse unnecessarily engages control centre operators and delays the handling of genuine emergencies, endangering the lives of people in genuine need of assistance.

People can call police stations which can promptly handle most crime reports and non-emergency requests. A list of police station contact numbers can be found on the Police website.