The author is James McCormack, global head of sovereigns at Fitch Ratings Much Western criticism of Chinese policy responses to the equity market sell-off as clumsy and ineffective misreads critical points on China. Common views expressed are that Chinese officials don’t fully understand how markets operate, are manipulating the market , or have not yet […]

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Shenzhen-listed Wanda Cinema Line Corp has agreed to acquire 20% of Chinese online movie ticketing company Mtime Holdings, Ltd. for an undisclosed amount, in a bid to create an entertainment O2O (online-to-offline) giant, according to a securities filing. The two companies will also establish a strategic partnership to utilize mobile Internet to provide online ticket […]

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Beijing-based animation start-up Light Chaser Animation, backed by GGV Capital, ChengWei Venture Fund, Hillhouse Capital and IDG Capital Partners, has reached an agreement with Alibaba Pictures to distribute and co-finance its first animated movie, according to a company announcement. The movie, named Little Door Gods, will be the first animated movie co-financed by Alibaba Pictures. […]

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Customs officers arrested a 38-year-old man and seized 3,100 pirated television drama and movie discs from an online shop on August 31.

The website was registered in the US while the server was hosted in Hong Kong. The pirated discs were priced and transacted in New Taiwan Dollars, in an attempt to evade Customs investigation.

Officers found that after the online shop received a certain number of orders, it would pack the discs at a Kwun Tong storage location for delivery to customers.

Customs said it will continue strengthening enforcement action against online piracy and urged people to respect intellectual property rights.

To report copyright infringement call 2545 6182.

Police have arrested a coach driver after his vehicle reportedly struck and killed a pedestrian in Wan Chai this morning.

At around 11am, when the coach reached 35 Johnston Road, it reportedly knocked down a 70-year-old woman who was crossing the road.

She was sent to Ruttonjee Hospital where she later died.

The 62-year-old driver was arrested for dangerous driving causing death.

Witnesses should call 3106 8848.

Several Chinese Internet giants and financial investment organizations, including Tencent and Hillhouse Capital, have invested in the new energy car maker NextEV. NextEV's spokesperson revealed that their investors have hired Martin Leach, former executive of Ford, to build the company into a global automobile manufacturer. They also hired experts from Tesla, BMW, Volkswagen, and other […]

The Hong Kong dollar should remain pegged to the U.S. dollar, and it is the best option for the special administration region at the moment, says a research report by ANZ. The volatility of the Hong Kong dollar in recent weeks has been increasingly speculated by the market on whether the currency should be pegged […]

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CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, has appointed Dr. Zhang Haipeng as a senior managing director overseeing healthcare investments, according to a company announcement. CITIC Capital is currently invested in Shanghai-listed Harbin Pharmaceutical Group Co., Ltd., China's second largest drug maker by market value. Dr. Zhang has over 15 […]

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Hangzhou-based online second-hand automobile trading platform Chemao has completed RMB1.2 billion (US$189 million) series B round of financing led by Shenzhen-listed industrial firm Zhefu Holding Group, according to a company announcement. Chemao says it has also established a second-hand car loan business with Zhefu Holding and Wacai, a personal finance bookkeeping and wealth management app […]

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