Shenzhen-listed mini-pumps and garden machines maker Leo Group Co., Ltd. has agreed to join seven other investors to inject RMB780 million (US$121 million) in a smart electric vehicle start-up established by Li Xiang, the founder of New York-listed Autohome Inc. In a securities filing (in Chinese), Leo Group says it will invest RMB350 million to […]
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Residential mortgage loans in negative equity has increased 1,400% during the first quarter in Hong Kong compared to the previous quarter, as housing prices dropped 11% since last October, according to data released by the Hong Kong Monetary Authority. The case of mortgage loans in negative equity remains small in the city, at 1,432 currently, […]
Fund-of-funds manager Hamilton Lane has promoted Tomoko Kitao in Tokyo, Xia Mingchen and Josh Jacob in Hong Kong to managing directors, according to a company announcement. "The promotion…is a meaningful part of our ongoing effort to organically grow our team from within and expand our business operations in Asia," says Juan Delgado-Moreira, Hong Kong-based Head […]
A joint venture investment fund established by Chinese brokerage firm Founder Securities Co., Ltd. and Korea Investment Partners has raised US$300 million to invest in the healthcare sector in Asia, according to Chinese media reports. An executive of the joint venture fund told Chinese media in an interview that the fund is now raising a […]
China's official manufacturing Purchasing Managers' Index (PMI) edged down to 50.1 in April from 50.2 in March, slightly lower than market consensus of 50.3. New orders and production eased in April after a strong rebound in March from previous months, while other sub-indices also softened. The softer PMI reading in April might be a tell-tale […]