As the G-20 meeting of finance ministers starts in Cairns, Australia, the Legion of Gloom is at it again, claiming that the system of global governance structures ranging from the WTO and the G-20 to the major central banks is in desperate need of…
2014-09-17
Secret Recipe, a Malaysian restaurant chain, opened its first restaurant in Changzhou, Jiangsu province, and the number of Secret Recipe restaurants now tops 70 in China. As one of the largest casual restaurant chains in Southeast Asia, Secret Recipe mainly provides cakes, featured western-style food, and Southeast Asian dishes. The company runs over 300 chain […]
2014-09-17
Europe's economy needs deep supply-side reforms, so that fiscal stimulus translates into sustainable long-term growth, not just temporary spurts and further increases in countries’ debt ratios. But too many call for structural reforms without specifying their content or considering the social, historical, and political context.
2014-09-17
De Beers says global diamond sales rise 3% to reach record, helped by growing demand from China which now accounts for 15% of market
2014-09-17
China's central bank has provided RMB500 billion of liquidity to the nation's biggest five banks for RMB100 billion each, via its 3-month Standing Lending Facility (SLF). The amount is roughly equivalent to one 50 basis point rate cut in the commercial banks' required reserve ratio (RRR). Has the People's Bank of China finally blinked in […]
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2014-09-17
The case against economics professor Ilham Tohtim, who faces charges of ‘separatism’, comes amid a broadening Chinese crackdown on dissent
2014-09-17
Beijing-based online food ordering and delivery platform Daojia says it has completed series D round of financing, raising US$50 million led by Chinese e-commerce firm JD.com and Macquarie Capital, according to a company announcement. Founded in April 2010, Daojia received an undisclosed series A round of financing led by Morningside Ventures in July that year. […]
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.
2014-09-17
Beijing-based used-car online auction platform Youxinpai has raised US$260 series C round of financing led by private equity firm Warburg Pincus and New York-based Tiger Global Management, according to a company announcement. Other undisclosed investors also participated in the round. Launched in 2011, Youxinpai previously raised two rounds of financing from venture capital firms Legend […]
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.
2014-09-17
BNP Paribas Investment Partners, the asset management arm of French bank BNP Paribas, has been granted a RMB Qualified Foreign Institutional Investor (RQFII) license by the China Securities Regulatory Commission (CSRC), according to a company announcement. This makes BNP Paribas Investment Partners one of the first companies in France and the Eurozone to be granted […]
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2014-09-17
Goldman Sachs Investment Partners (GSIP) has raised US$1 billion for its first Asian hedge fund named Oryza Capital LP, according to media reports. Oryza Capital is an Asian equity long-short fund, focused on making bottom-up investments in medium and large market capitalization companies across the region. The fund, launched in September 2013 with an initial […]
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2014-09-17
Xi Jinping’s plan is a boon for the south Asian island which has relied on Chinese investment and loans to fund infrastructure projects
2014-09-17
Sinopec and Citic deals presage what investment bankers hope will be a steady stream of work, but whether that will be profitable is less certain
2014-09-17
It is too early to call country’s liquidity injection a stimulus measure
2014-09-17
It is too early to call country’s liquidity injection a stimulus measure
2014-09-17
Move is latest attempt by the authorities to prop up flagging growth and is seen by many as a response to the economy slowing last month
2014-09-17
New York, USA, September 17, 2014 /ChinaNewswire.com – Xinwengao.com/ – Asia Society today announced the first-ever Asia Game Changer Awards, designed to recognize those making a transformative and positive difference for the future of Asia and the world. This year's honorees include 13 leaders and institutions from Asia and the U.S. "Asia Society is proud … >>>
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