Chinese private equity firm Orchid Asia Group Management Ltd. has secured up to US$75 million commitment from the Pennsylvania Public School Employees’ Retirement System (PSERS) for its sixth China fund, according to a memo posted on PSERS' website. The US$50 billion-under-management PSERS previously invested US$40 million in Orchid's fifth China fund, which closed at US$650 […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Jinzhou, Liaoning province-based Chinese special chemicals firm Tianhe Chemicals Group Ltd. has raised US$654 million in an Hong Kong IPO priced at HK$1.80 apiece, at the lower-middle range of its original US$600 million to US$800 million target. In March 2012, Morgan Stanley Private Equity Asia (MSPEA) invested US$300 million in Tianhe for an undisclosed significant […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

China Investment Corp. (CIC) says it will improve investment and due diligence procedures in response to an audit report that pointed out mismanagement in the US$575 billion sovereign wealth fund, according to an announcement. The National Audit Office Of China conducted an audit from May to September 2013 on CIC's 2012 books. The audit's result […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

The author is Fitch Ratings, Inc. Chinese aircraft lessors are playing an increasingly important role in the country's rapidly growing commercial aviation market, and intensifying the competition with foreign lessors. The China Banking Regulatory Commission (CBRC) allowed the creation of bank-owned aircraft leasing companies in 2007. The five largest banks in China, as well as […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Cheetah Mobile, a subsidiary of Kingsoft, announced that the company has reached an agreement with Zoom Interactive, a Hong Kong online marketing company, on a full acquisition for USD30 million. The USD30 million consideration will reportedly include USD20 million in cash and about USD4 million in Cheetah Mobile restricted class A ordinary shares. In addition, […]