Morgan Stanley Private Equity Asia (MSPEA) has agreed to sell its 38.7% stake in Chinese natural gas distributor Sino Gas International Holdings, Inc. to Zhongyu Gas Holdings Ltd. for US$78.7 million, according to an announcement. The sales, which is expected to complete before July 2017, indicates that MSPEA is likely to more than double its […]

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Despite the fact that substantial steps have been taken to reform Chinese local governments' debt-laden fiscal conditions, there will be continued pressure on local government's finances in 2016, says Fitch Ratings in a media briefing today. In 2015, Chinese government launched a RMB3.2 trillion local government debt swap program, implemented a more sophisticated principle of […]

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Lu Wei likens controlling Chinese web use to ‘trying to nail Jell-O to a wall’

Postal Savings Bank of China Co. (PSBC) has raised RMB45.1 billion (US$7 billion) by selling a 16.92% stake to ten investors including UBS Group AG, the Canada Pension Plan Investment Board and Temasek Holdings Pte, according to a press conference held in Beijing today. In April, it was reported that PSBC planned to raise over […]

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Shanghai, China, December 9, 2015 /ChinaNewswire.com/ – Voted on by readers of the TTG stable of trade magazines, the award is presented on the basis of the “most consistent product and services and the most professional sales and marketing teams in terms of innovation and servicing” and clearly establishes AccorHotels amongst the very best in … >>>

Greater China-focused hedge funds posted their third consecutive month of gains and were up 0.85% in November with annualized returns of 15.87% for the year, outperforming the CSI 300 Index by almost 9% on a year-to-date basis, according to data released by Eurekahedge. Asia ex-Japan mandated hedge funds are up 7.15% year-to-date, the biggest gainer […]

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China's consumer price index (CPI) rose 1.5% year-on-year in November, slightly up from 1.3% in October as food inflation accelerated. Producer price index (PPI) declined 5.9% year-on-year in November, flat from the previously month, reflecting weak domestic demand and lower commodity prices. In the first eleven months of 2015, China’s CPI inflation remained subdued at […]

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Less than a month after Chinese media mogul Bruno Wu teamed up with a Chinese online financial services firm to launch a US$1.6 billion film investment fund, his partner Yucheng International Holdings Group Limited has come under investigation by police, according to pictures posted on Weibo. One of Yucheng's subsidiary, a P2P (peer-to-peer) lending start-up […]

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NASDAQ-listed Chinese dating site Jiayuan.com International Ltd., backed by Qiming Venture Partners, has agreed to be acquired and privatized by a subsidiary of rival Baihe Network Co., Ltd in a deal that values the former company at around US$250 million. In an announcement, Baihe Network, which just completed a listing on the China's National Equities […]

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Beijing-based P2P (peer-to-peer) lending start-up Ezubo has been investigated by police for alleged illegal business operations, highlighting increasing risks associated with the fast-growing sector that has received lots of venture capital investments. See a list of venture capital investments in Chinese P2P start-ups here. According to Xinhua News Agency and Ezubo's Weibo account, local police […]

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The renminbi’s fall underlines the difficulty of economic transition

The ongoing exodus from Syria and other war-torn countries was long in the making, easy to foresee, and eminently manageable. And now, with fear-mongering nativists peddling a vision that would divide and destroy the EU, a comprehensive strategy to end…