China’s RMB loans declined sharply to RMB513.6 billion in October, from RMB1,050 billion in September, below market expectations of RMB800 billion. The country's total social financing aggregate also fell to RMB476.7 billion in October, much lower than RMB1.3 trillion recorded in September. Off-balance sheet financing, including banker’s acceptance draft, trust loans and entrusted loans, declined […]

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The People’s Republic is shifting its focus from traditional investment targets

Brian Koo, co-founder and managing partner of Silicon Valley venture capital firm Formation 8, has launched a new Asia-focused venture fund seeking to raise US$400 million in total, according to media reports. The new fund, named Formation Group, has reportedly reached a first closing of US$200 million. Formation Group has made its first patch of […]

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Beijing has made the sector a pillar of its new innovation-driven economic model

Beijing-based fresh produce e-commerce mobile app MissFresh has completed RMB200 million (US$31 million) series B round of financing led by Tencent Holdings Limited, according to Chinese media reports. Zheshang Venture Capital Management Co., Ltd. and other undisclosed investors also participated. The eleven-month-old start-up says it will use the proceeds on developing its fresh produce resources […]

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Greater China-focused hedge funds were up 4.84% in October and 8.86% year-to-date, outperforming the CSI 300 Index by almost 9%, according to data released by industry data tracker Eurekahedge. Asia ex-Japan hedge funds were up 3.13% in October and 6.94% year-to-date, the best return among all hedge fund regional investment mandates. In comparison, the MSCI […]

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Chinese aerial imaging system technology provider Da-Jiang Innovations Science and Technology Co., Ltd. announced a strategic investment in Swedish high-end camera maker Hasselblad Group. DJI will gain a minority stake in Hasselblad with the strategic investment and the two parties. In addition, DJI will join the board of directors of Hasselblad. Full financial details and […]