Speaking at the Shangri-La Dialogue, the US defence secretary has accused China of using intimidation and said the US ‘will not look the other way’

Nationalism is not Europe’s principle of construction; on the contrary, it has been, and remains, Europe’s principle of deconstruction. That is the main lesson to be drawn from the dramatic gains made by anti-European populist parties in last weekend’s European Parliament election.

In the aftermath of the 2008 global financial crisis, policymakers’ success in preventing the Great Recession from turning into Great Depression II held in check demands for protectionist measures. But now the backlash against globalization has arrived, and we know from bitter experience what could come next.

Rapid industrialisation displaces homes in villages and cities

The Cheung Kong Group, run by Asia' richest man Li Ka-shing, has agreed to a takeover of Australian natural gas distribution company Envestra Ltd. (ENV) in an all cash deal that values Envestra at US$2.2 billion, according to an announcement by ENV. Cheung Kong, which already owns 17.46% of ENV, is to offer A$1.32 per […]

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Almost three months into the crisis in Ukraine, the country has elected a new president. But Russian President Vladimir Putin remains a key figure shaping Ukraine’s future – and he is propelling Ukraine toward something far more dangerous than a new Cold War.

London-headquartered middle-market private equity firm 3i Group plc says it has sold its portfolio company Hilite International, a global supplier of highly engineered automotive engine and transmission components, to Chinese state-owned aerospace and industrial company Aviation Industry Corporation of China (AVIC), according to an announcement made by 3i. The US$18.5 billion-under-management 3i Group will receive […]

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The author is ANZ greater China chief economist Liu Li-Gang The Bank of Korea (BOK) and the People’s Bank of China (PBoC) utilized their bilateral currency swap agreement on 30 May 2014. A Chinese commercial bank borrowed from the PBoC with a loan size of KRW400 million, roughly RMB2.5 million at the current spot, and […]

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The dim sum bond market will grow significantly over the medium- to long-term as global investors increasingly accept the RMB as a major global asset and trading currency, Fitch Ratings forecasts in a report. A record US$10.8 billion dim sum bonds were issued in the first quarter this year, more than double the US$4.2 billion […]

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Dutch pension fund asset manager APG Asset Management N.V. (listen and watch APG's former head of non-listed real estate Asia Daan van Aert on China Money Podcast in March 2013) says it has agreed to invest up to US$650 million for an approximately 20% stake in Chinese warehousing developer and operator e-Shang, according to an […]

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ShFE vice general manager confirmed the bourse expects to launch a futures contract on a base metals index

China's official purchasing managers index (PMI) and industry production growth could improve, new loans and total social financing will likely moderate in the month of May, according to forecasts made by BofA Merrill Lynch Global Research. The bank expects the official manufacturing PMI could improve to 50.6 in May from 50.4 in April, as Beijing's […]

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Chinese Internet giant Tencent Holdings Ltd. has spent at least over US$3.5 billion on eight major deals since last September, buying up stakes in gaming companies, logistics, mapping and e-commerce platforms. Its central theme: to leverage and monetize its fast-growing mobile messaging app WeChat, which has 355 million monthly active users as of March 2014. […]

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Size is becoming more important in the global hedge fund industry. A total of 505 hedge fund managers with over US$1bn in asset under management (AUM) currently oversee a combined US$2.39 trillion, or 90% of the industry’s US$2.66 trillion total assets, according to a report from research firm Preqin. The "US$1 billion club" of hedge […]

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App Annie, a data tracker of the mobile app industry, has raised US$17 million in an inside round of funding from exiting investors IDG Capital, Greycroft Partners and Sequoia Capital, according to the company's official blog. In addition to a previous US$15 million series C round and earlier funding, App Annie has raised US$39 million […]

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Beijing-headquartered Chinese private equity firm Hony Capital has completed a partial exit from Hong Kong-listed Chinese generic drugs maker CSPC Pharmaceutical Group, selling 705.88 million shares for a total proceeds of HK$4.41 billion (US$570 million), according to a regulatory filing. Hony Capital unloaded 600 million CSPC shares to other third-party investors and 105.88 million shares […]

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It is often said that a crisis should never be wasted: Politicians, policymakers, and regulators should embrace the moment of deep distress and take on the heavy burden of structural repair. China seems to be doing that; America is not.

Beijing is planning to launch $50bn Asian-wide infrastructure fund that threatens to rival the Asian Development Bank’s premier role in the region