Private equity firm Warburg Pincus LLC has completed a partial exit in portfolio company, NASDAQ-listed China Biologic Products, receiving US$241.5 million in total proceeds, according to a regulatory filing. Warburg Pincus sold 2.3 million shares at US$105 per share, thereby lowering its stake to 34% from 44.2% before the sale. The buyout firm acquired its […]

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Pensions and other conservative investors leave their comfort zones

Beijing’s tight handling of case prevents repeat of Bo Xilai hearing

China's new RMB loans picked up to RMB901 billion in May, up from RMB708 billion in the prior month, and higher than market expectation of RMB850 billion, according to data released by the People’s Bank of China. Total social financing aggregate, a broad measure of liquidity in the economy, came in at RMB1.22 trillion, up […]

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Wanda Cinema Line, a unit of China's leading property developer Dalian Wanda Group, plans to acquire the entire stake in Hoyts Group, a leading chain cinema operator in Australia, via a wholly-owned subsidiary. Hoyts Group is reportedly the second largest cinema chain operator in Australia. The group currently has over 400 screens in 44 cinemas […]

With territorial disputes in the South China Sea fueling tensions between the US and China, many worry that an armed clash could easily escalate into open war. Given the depth of mistrust between the US and China, stabilizing the regional security envi…

Global investors invited to take a punt on Beijing’s land-reclamation efforts