China’s consumer price index (CPI) saw a year-on-year increase of 1.8% in April, which was below market expectations, data released by the National Bureau of Statistics shows. The growth rate was the lowest in the past 18 months. The producer price index (PPI) fell by 2.0% in April, compared with a 2.3% decline in March. […]
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Global growth equity investment firm General Atlantic's Singapore fund has agreed to invest US$150 million in Chinese beauty products e-commerce firm Jumei International Holding Ltd.'s downsized U.S. IPO, according to the latest securities filing of Jumei. General Atlantic Singapore Fund Pte. Ltd. is to purchase US$150 million in ordinary A shares of Jumei at its […]
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Calculations of the size of economies potentially halved overnight the number of people who have been living on less than $1.25 a day
Hong Kong-based private equity fund-of-funds manager Emerald Hill Capital Partners has reached a final close of US$400 million for its third Asian fund-of-funds, according to media reports. Emerald Hill did not respond to request for confirmation of the news. Founded in 2005, Emerald Hill has raised close to US$1 billion so far. It is currently […]
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Hong Kong's retail sales growth will take close to 3% hit here if the multiple-entry permit scheme for Mainland Chinese visitors are cut in half, according to a report by BofA Merrill Lynch Global Research. The bank says that the actual hit may be less, since these visitors can raise their spending per visit to […]
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Deutsche Bank China says it has opened a sub-branch in the Shanghai Pilot Free Trade Zone, according to a company announcement. The sub-branch will provide services focused on cross-border transactions, including automated RMB cash sweeping for cross-border lending, two way RMB cash pooling, payables/receivables, foreign exchange, interest rate hedging, among others. The China Banking Regulatory […]
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China’s exports increased 0.8% in April and its imports gained 0.9% compared to the year-ago period, according to data released by General Administration of Customs. This resulted in a total trade value of $358.6 billion and a trade surplus of $18.5 billion. "The better than expected export growth is supported by better export demand conditions […]
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China plans to release a national water pollution plan this year, as it becomes more open about the damages wrought by decades of unchecked development
Chinese mobile Internet products and services provider Sungy Mobile Limited has signed a cooperation agreement with South Korean entertainment celebrity Teddy Hoon-Tack Jung in Seoul, aiming to establish a joint venture named GO Launcher Korea Company Ltd in South Korea. Sungy Mobile and Jung will jointly invest in GO Launcher Korea and Jung will be […]
Chinese officials have hit out in the maritime dispute with Vietnam after the US intervened, calling Beijing’s actions ‘provocative’
Casino company shares fell after UnionPay said it had acted to counter the use of mobile card-swiping machines to dodge China’s exchange controls