State Street Corporation has appointed Bob Keogh as head of its Alternative Investment Solutions (AIS) division for the Asia Pacific region, according to an announcement. Based in Hong Kong, Keogh will oversea State Street's fund administration services for hedge fund, private equity and real estate fund in Asia Pacific. He was previously senior managing director […]

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About 77% of Hong Kong investors and approximately 45% of investors in Taiwan owns RMB assets. Among them, around 69% of Hong Kong investors holds RMB deposits, compared with 36% of investors in Taiwan doing the same, according to a latest report from Manulife Financial Corporation. Even thought investors in both cities are enthusiastic about […]

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Shenzhen-based personal finance mobile platform Feidee has received tens of millions U.S. dollars series B financing led by Fosun International, according to Feidee's official Weibo account. Existing investor Sequoia Capital also participated in the round. The proceeds will be used for improving data and network traffic to provide accurate financial information and lending flow information. […]

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Tencent Holdings Limited is investing USD70 million into Ting Ting Group, the owner of Chinese online healthcare service community DXY.cn. Tencent gains a minority equity stake of DXY on a fully diluted and as converted basis, and the deal is expected to close soon. DXY plans to invest the capital into developing healthcare products for […]

Kohlberg Kravis Roberts & Co. (KKR) has sold its remaining stake of Hong Kong-listed China Modern Dairy Holdings for about US$80 million, according to media reports. It sold around 168 million shares at HK$3.70 per share price, representing a 3.9% discount against Monday's closing price of HK$3.85. In May 2013, KKR sold down its stake of China […]

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China’s largest online healthcare community portal DXY, which is short for its Chinese name Ding Xiang Yuan, has received US$70 million series C financing from Tencent Holdings Limited, according to an official announcement. The details of the investment are not disclosed, but Tencent will take a "small proportion" of the company, according to the statement. […]

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Indian PM attacks those who ‘enter the seas’ of others during summit seen as part of effort to counterbalance Chinese influence in Asia

With little progress on loosening capital controls or liberalising interest rates, the path of FTZ-linked stocks illustrates the fading enthusiasm

Washington, D.C.-based global private equity firm The Carlyle Group has entered into a strategic cooperation with one of the largest Chinese real estate developers, China Vanke Co,Ltd., to acquire nine commercial properties from Vanke, according to an official announcement. There is no disclosure on how big the deal could be, but previous media reports put […]

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CLSA Hong Kong Holdings Limited (CLSA) has acquired 49% of an Exchange Traded Funds (ETF) business owned by Hong Kong based Enhanced Investment Products Limited (EIP), according to a company announcement. CLSA’s investment into EIP’s "XIE Shares" ETF platform will enable EIP broader distribution to CLSA’s global client base of institutional investors, access to China […]

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Sustained weak conditions in China's property market will bring the survival prospects of some weak developers into question over the next couple of years, says a Standard & Poor's Ratings Services report. "We believe the industry can no longer sustain the high growth rates of the recent past," says Standard & Poor's credit analyst Bei […]

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China Huishan Dairy Holdings Company Limited plans to invest up to CNY2.5 billion to build a new dairy base in Yancheng, Jiangsu province. Huishan Dairy said that the company has signed a strategic framework agreement with the government of Sheyang county to establish a full dairy product industrial supply chain in Yancheng, Jiangsu province, covering […]

Chinese property developer China Vanke Co., Ltd.'s plans to team up with private equity firm The Carlyle Group and online marketplace Taobao will likely raise the home-builder's asset turnover and improve its liquidity, says Fitch Ratings. Given the fierce competition in China's property market, Fitch expects that other developers might also undertake cross-sector tie-ups to […]

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Menlo Park, California-based venture firm Sequoia Capital has launched its fifth China fund named Sequoia Capital China Venture Fund V, L.P., according to a regulatory filing with the U.S. Securities and Exchange Commission. Fundraising target and other details are not disclosed. Last August, Sequoia Capital disclosed that it has raised two venture capital funds to […]

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Beijing-based gaming operator Linekong Entertainment Technology Co., Ltd has filed for an initial public offering in Hong Kong's  Growth Enterprise Market (GEM) board, according to a securities filing. The IPO size and other details are not disclosed. In January, Linekong received US$80 million series C financing from Fosun International, SAIF Partners and Orchina Asia Group […]

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Shanghai-based biotech drug company ZAI Lab has received US$30 million Series A financing led by Qiming Venture Partners, according to ZAI Lab’s official announcement. KPCB, Sequoia Capital and TF Capital also participate in this round of financing. The funding will be used to support ZAI Lab's clinical development programs, as well as the company's licensing […]

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As the economy booms, the burden on the Yellow River has increased and the challenge for Beijing is to prevent the sixth-longest river running dry

Deal unveiled by Russian president Vladimir Putin would be most significant Chinese equity participation in Russian onshore oil industry