The total assets under management (AUM) of the Asia-Pacific exchange-traded fund (ETF) space hardly budged in the first four months of 2014, staying at around US$170 billion, according to an announcement by financial research firm Cerulli Associates. A US$2.7 billion gain in ETF AUM in Japan in the January to April period was offset by […]

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Sino-French private equity firm Cathay Capital says it has reached a first closing of 460 million euros (US$628 million) for its new investment vehicle, according to a company announcement. Cathay Midcap Growth Fund III is targeting to raise a total of 500 million euros (US$682.5 million), after being launched in March. The fund is backed […]

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China's National Social Security Fund (NSSF) recorded investment income of RMB68.59 billion (US$11 billion) in 2013, realizing an investment return of 6.2% for the year, slightly down from 7.01% in 2012, according to an annual report released by the National Council for Social Security Fund. Income from stock markets stood at RMB20.56 billion, with an […]

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China’s president will become the first Chinese leader to visit Seoul before Pyongyang, reflecting the transformation of Beijing’s stance towards the Korean peninsula

Last month, after years of indecision, Pakistan’s military launched a full-scale military operation in the North Waziristan Tribal Agency aimed at eliminating terrorist bases and ending the region’s lawlessness. But, by triggering yet another refugee crisis, the operation risks spreading the terrorist threat to other parts of Pakistan, including its largest city and commercial center, Karachi.

In this episode of China Money Podcast, guest Steven P. Feldman, professor of business ethics at Case Western Reserve University in Cleveland, Ohio, talks to our host Nina Xiang about the latest revelation of a sex tape with the investigation of British drug-maker GlaxoSmithKline in China, the danger of electronic eavesdropping while doing business in […]

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Chinese gamblers have helped catapult Macau past the central European country to become the world’s fourth wealthiest territory on a per-capita basis

IDG Capital is to fully exit its stakes in Chinese healthcare portal 39.net via a strategic sale. A Chinese software developer, Shenzhen-listed Longmaster Information & Technology Co., Ltd. has agreed to acquire 100% of Guangzhou Qisheng Information Technology Limited, which operates 39.net, for a total of RMB650 million (US$105 million), according to a regulatory filing submitted […]

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Shanghai-based Chinese online movie ticket booking website Gewara has received RMB200 million (US$32.2 million) from China Media Capital in series C+ financing, according to Chinese news reports. The company will use the proceeds to improve its services, as well as expanding its business to more cities in China. Established in 2008, Gewara received US$20 million […]

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Huayi Brothers have acquired a 51% stake in Maizuo.com, a Chinese movie information and tickets provider, for CNY266 million. Of the total investment, Huayi Brothers acquired a 15% stake from Matrix Partners for CNY53.85 million; it acquired a 24.40% stake from shareholders of Maizuo.com for CNY116 million; and the company invested an additional CNY96.2 million […]

More than 500 people were arrested for unlawful assembly in the culmination of a day of protests in which thousands of residents joined a march to push for democracy

Former general stripped of his Communist party membership and referred to prosecutors for allegedly giving out promotions in exchange for bribes