U.S.-based chocolate-maker Hershey Company has purchased a majority stake in a Shanghai-based candy company. Hershey's wholly-owned subsidiary, Hershey Netherlands B.V., has signed an agreement to acquire 80% of Shanghai Golden Monkey Food Joint Stock Company Ltd., a privately-held confectionery company. Completion of the agreement is expected to occur in the second quarter of 2014 and […]
2013-12-19
Chinese media platform BesTV has reportedly reached an agreement with Walt Disney to set up a digital technology joint venture in China. This joint venture will reportedly focus on digital technology consulting services related to services, products and contents of BesTV and Walt Disney in mainland China. The total investment for the joint venture will […]
2013-12-19
Rise in lending rates forces China’s central bank to announce ‘short-term liquidity operation’ to provide credit to banks in need of money
2013-12-19
Danièle Nouy, who has just been named the ECB’s first head of banking supervision, faces a difficult task ahead in overseeing some 130 banks that account for 80% of eurozone assets. Though Nouy is knowledgeable and highly capable, the ECB’s decision-making mechanisms are poorly suited to the role of banking supervisor.
2013-12-19
Michelle Bachelet’s landslide victory in Chile’s presidential election represents a powerful mandate, though it comes with a crucial caveat. Record-high abstention calls into question the claim that voters want a shift away from the market-friendly policies that have made Chile Latin America’s most stable and successful democracy.
2013-12-19
Appointment of senator, who would replace Gary Locke as ambassador in Beijing, comes at a time when tensions between US and China appear to be rising
2013-12-19
Foreign direct investment (FDI) into China gained 2.35% in November from a year ago to $8.48 billion, the tenth consecutive monthly increase, according to data released by the Ministry of Commerce. The rate of growth was also significantly higher from October's 1.24% rise. From January to November, China FDI inflow reached $105.51 billion, up 5.48% […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2013-12-19
Foreign direct investment (FDI) into China gained 2.35% in November from a year ago to $8.48 billion, the tenth consecutive monthly increase, according to data released by the Ministry of Commerce. The rate of growth was also significantly higher from October's 1.24% rise. From January to November, China FDI inflow reached $105.51 billion, up 5.48% […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2013-12-19
London-based European private equity firm CVC Capital Partners has reached first close of its fourth Asian Pacific fund with $2 billion, according to media reports. CVC is targeting over $3 billion for the fund, CVC Capital Partners Asia Pacific Fund IV, L.P. The Pennsylvania Public School Employees’ Retirement System (PSERS) just committed $100 million to […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2013-12-19
London-based European private equity firm CVC Capital Partners has reached first close of its fourth Asian Pacific fund with $2 billion, according to media reports. CVC is targeting over $3 billion for the fund, CVC Capital Partners Asia Pacific Fund IV, L.P. The Pennsylvania Public School Employees’ Retirement System (PSERS) just committed $100 million to […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.