China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs

Boston-based private equity firm Bain Capital has acquired a stake in Chinese equipment leasing firm Lionbridge Financial Leasing (China) Co., Ltd., according to media reports. Bain Capital, with approximately US$80 billion in assets under management, reportedly paid RMB1 billion (US$164 million) for an 80% stake of Beijing-based Lionbridge. The deal is Bain's first investment in […]

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Nanjing city, Jiangsu province-based Chinese appliance retailer Suning Commerce Group Co. Ltd. plans to transfer 11 retail stores for RMB4.01 billion (US$650 million) to Goldstone Investment Limited, the direct investment arm of CITIC Securities Co.Ltd., according to a securities filing submitted by Shenzhen-listed Suning. The sale is part of Suning's move to focus on core […]

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Beijing-based interior decorating contractor Sino Great Wall International Engineering Co., Ltd. is planning a reverse merger to list on the Shenzhen Stock Exchange with backdoor listing with Chinese fabrics manufacturer Shenzhen Victor Textile Industrial, according to a regulatory filing. Beijing-headquartered Chinese private equity firm JD Capital invested in Sino Great Wall last year. It will […]

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Investors seem keen to buy new instrument despite risks

Largest deal by a Chinese lender to raise regulatory capital in US dollars

China's freshly released credit data shows that new loans have recovered to the normal level due to the ongoing targeted easing policies, but the de-leveraging of shadow banking activity continues, says a research report by ANZ's chief China economist Liu Li-Gang. China’s new RMB loans picked up to RMB857.2 billion in September, above market expectations. […]

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Government says it wants dialogue but will still seek to clear the streets

As elite officials gather for next week’s meeting, investigators still answer to a higher authority

Alibaba Group Holding Ltd.'s financial services arm, Ant Financial Services Group, has been officially established, according to a company announcement. Formerly known as Small and Micro Financial Services Company, the company initiated its formation process in early 2013. It is comprised of Alipay, Alipay Wallet, Yu’e Bao, Zhao Cai Bao, Ant Credit and MYbank, which […]

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China Mobile and Deutsche Telekom have signed a joint venture agreement to establish an automobile company in China. With each party holding a 50% stake, the new joint venture will reportedly have registered capital of CNY180 million and the total planning investment will reach CNY270 million. The joint venture will take advantage of Deutsche Telekom's […]

American electric car maker Tesla has entered the Chengdu market and reportedly delivered its products to consumers in the city. The company also launched its first super charger facility in Chengdu, which is the company's 17th in China. Tesla's service center in Chengdu will reportedly become the company's first service center in the southwestern region […]