Dredging in South China Sea is for ‘international public services’, says Beijing

Though conflict and crisis may seem to be unique to their participants and contemporaries, such episodes often play out according to distinct patterns – though usually after the events that comprise them have faded from our collective memory. Such is the case with Syria’s civil war.

Beijing must continue to liberalise its currency further

India declares its economy grew 7.5 per cent in the January to March, outstripping even China

Scotland-headquartered Aberdeen Asset Management PLC has agreed to acquire FLAG Capital Management, LLC, a manager of private equity and real asset with offices in Connecticut, Boston, Massachusetts, and Hong Kong, according to a company announcement. Financial details of the deal were not disclosed. In 2012, FLAG Capital acquired Squadron Capital Management Limited, a Hong Kong-based […]

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Loosening of capital controls could unleash Rmb41tn in wealth for investment

The reported liquidity drain of over RMB100 billion by China's central bank does not indicate the start of the country's monetary policy reversal. China will continue deploying further loosening policies via interest rate cut and bank reserve requirement ratio (RRR) cut, says a BofA Merrill Lynch Global Research report. The People's Bank of China (PBoC) […]

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Private equity firm Warburg Pincus LLC has launched a HK$3.108 billion (US$401 million) share sale in Hong Kong-listed Chinese car rental company, CAR Inc., in one hugely lucrative transaction that will bring proceeds that are two times of its original investment. Warburg Pincus, through its Amber Gem Holdings Ltd. unit, has agreed to dispose 168 […]

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China Mobile has launched two Internet of Things platforms targeting Chinese enterprise users. During CES Asia 2015, the telecommunications company unveiled its Internet of Things exclusive business management platform and its OneNet device cloud platform. The Internet of Things business management platform combines statistical analysis and an API interface for businesses to build hardware and […]

The arrest of senior FIFA executives on a raft of fraud and corruption charges has been front-page news in recent days. But the charges brought by the authorities do not address another egregious injustice: the treatment of the migrant workers in Qatar…

In just the first few months of 2015, more than 38,000 people have attempted to reach Europe by crossing the Mediterranean from North Africa, and some 1,800 people have died as a result – more than twice the number of such deaths in all of 2013. Most are refugees entitled to request asylum, which makes the EU's inaction unacceptable.

It is as useless to lament the shift in global power and influence away from the heartlands of the West as it is to try to predict this shift’s political consequences. But if the sorry story of FIFA is any indication, one conclusion rings true: Whatever the form of government prevailing in today’s world, money still rules.

China's Hainan Airlines Tourism Group and Lede Technology, a subsidiary of NetEase, have formally signed a cooperation agreement in Hangzhou to establish a new online travel company. Financial terms of the arrangement were not immediately available. HNA and NetEase had previously signed a strategic cooperation framework agreement in December 2014. Based on the framework agreement, […]

Shenyang, Liaoning province-based Chinese bio-pharmaceutical firm 3SBio Inc., backed by CITIC Private Equity Funds Management Co. (CITIC PE), is seeking to raise as much as US$712 million in a Hong Kong initial public offering, according to a securities filing. The company is offering 606.1 million shares at HK$8.30 to HK$9.10 apiece, with a valuation of […]

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Shenzhen-based Chinese consumer drone maker SZ DJI Technology Co. has jointly launched a US$10 million investment fund with venture capital firm Accel Partners to back start-ups in the unmanned aerial vehicle (UAV) industry, according to an article posted on DJI's Twitter account. The 50-50 joint investment vehicle, named the SkyFund, will raise additional capital in […]

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Mr Xi’s project is about expanding and securing maritime routes to the Middle East and Europe

Shanghai Composite seven-day winning streak ends with a bang

‘Hotel king’ first of 46 in court after President Xi Jinping’s ‘Sin City’ clampdown