China’s new RMB loans declined to RMB810 billion in August, down from July's RMB1.48 trillion. Total social financing aggregate came in at RMB1.08 trillion in the month, up from RMB718.8 billion recorded in July. China's M2 growth kept steady at a 13.3% expansion in August. "August monetary data were broadly in line with expectations. We […]

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CITIC Private Equity and U.S.-based human resource consulting firm ManpowerGroup have agreed to establish a joint venture to expand ManpowerGroup's business in the Greater China region. No financial or ownership details of the joint venture are disclosed, but it will be governed by a senior executive board from both companies, according to a company announcement. […]

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Shanghai-based campus O2O (online-to-offline) platform Zhai.me has completed US$35 million series B round of financing led by Chinese group discount platform Meituan.com. Banyan Capital, Bertelsmann Asia Investments and Vertex Venture Holdings also participated in the round, according to Chinese media reports. Meituan.com and Zhai.me have also established a strategic partnership to improve and expand both […]

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The Ontario Teachers' Pension Plan (OTPP) has appointed Nicole Musicco as managing director for Asia Pacific and head of its Hong Kong office. In this newly created role, Musicco is responsible for the full investment cycle from origination to execution across asset classes in the region. Musicco has a strong private equity background with experience […]

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Customs officers arrested a 31-year-old woman after seizing 75,000 illicit cigarettes from a flat in Tseung Kwan O today.

The haul is valued at $200,000 with a duty potential of $144,000.

Officers raided the flat suspecting it to be an illicit cigarette storehouse.