Theodore Shou, chief investment officer at South Africa-based fund of hedge fund manager Skybound Capital, tells China Money Podcast host Nina Xiang that China-focused hedge funds will continue to outperform despite the recent market gyrations and the slowing economy. Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment […]

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 flash Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) declined further to 47.1 in August, the lowest reading since the Global Financial Crisis and a sixth straight month below 50, the level separating contraction from expansion. The number came against market expectation of a modest improvement for the month, with Bloomberg consensus projection of 48.2. […]

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Theodore Shou, chief investment officer at South Africa-based fund of hedge fund manager Skybound Capital, tells China Money Podcast host Nina Xiang that some Chinese macro strategy hedge funds suffered losses after the Chinese People's Bank of China devalued the RMB last week as they made big currency bets. Visit ChinaMoneyNetwork.com for more daily finance […]

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.

Two of the Hong Kong people injured in the Bangkok explosion returned home today.

Upon arrival, they were sent to Pamela Youde Nethersole Eastern Hospital for further medical treatment.

It has so far been confirmed two Hong Kong residents died and six were injured in the August 17 explosion.

The bodies of the two deceased also retuned today.

Three injured Hong Kong people are still receiving treatment in Bangkok hospitals.

Two Immigration officers and a clinical psychologist will stay in Thailand to help them.

The Fire Services Department today demonstrated the work of its HazMat Team, which is specially trained to handle hazardous materials.

The team reconstructed a traffic accident involving cyanide leakage. Fire fighters demonstrated how they rescue the injured while dealing with the chemical spill.

Set up in 2012, the team is comprised of firefighting teams from four fire stations. More than 500 fire fighters have received the special training.

Fire Services Department Acting Divisional Commander Wong Ka-wing said every team member has received 13 days of HazMat training.

In the event of a dangerous goods spill, Government Laboratory chemists will join the team at the scene to provide support. They use portable detection devices to identify the chemicals.

Mr Wong said a licence is needed to store dangerous goods and up until July this year, 4,165 licences had been granted.

The department conducts on-site inspections and a risk assessment for every application. Last year it checked more than 4,700 licenced dangerous goods facilities.

Customs officers arrested a 59-year-old lorry driver and seized $4.18 million worth of smuggled computer components at Lok Ma Chau Control Point on August 19.

The seizure included 4,655 computer processing units and 850 RAM components.

Officers searched an outgoing lorry and found the components inside altered compartments at the rear of the vehicle chassis and the rear axle.

Shanghai-based 59Store, an O2O (online-to-offline) platform focused on serving university students in China, has completed RMB200 million (US$31 million) pre-B funding round led by Shenzhen Capital Group, according to Chinese media reports. Legend Capital and other unnamed investors also participated. Founded in 2011, 59Store completed RMB30 million series A round from Legend Capital and Shenzhen […]

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Alibaba Group Holdings Limited has acquired an online translation services provider 365Fanyi, which is backed by Zhen Fund and China Broadband Capital (CBC), according to the company's website indicating its ownership by Alibaba. The acquisition of 365Fanyi, which has 500 specialized translators and interpreters, will help Alibaba as the Internet giant focuses on international expansion […]

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Beijing-based Jixiang Technology, an O2O (online-to-offline) e-commerce platform established at the beginning of this year, has completed series A round of financing from Orchid Asia Group Management Ltd., according to Chinese media reports. Financial details are not disclosed, but the round reportedly amounts to RMB100 million (US$16 million). Jixiang Technology currently has no website nor […]

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