Allan Zeman, chairman of Hong Kong-based Lan Kwai Fong Group, tells China Money Podcast host Nina Xiang that he sees housing prices in China's biggest cities continuing to rise over the long term. He warns that for this year or next, home prices in Beijing, Shanghai, Shenzhen and other major cities may have a small […]

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DouyuTV, a live broadcast platform where users can watch others play video games and sing karaoke songs, has raised a US$100 million new financing round led by Tencent Holdings Ltd., the Chinese Internet giant's technology news portal reported. Existing investors Sequoia Capital, Nanshan Capital and other unnamed investors also participated in the round. Tencent is […]

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The stock and foreign exchange market volatility has driven capital into China's property sector. With the introduction of "innovative" financial products to help home buyers circumvent down payment requirements, are Chinese banks creating a subprime mortgage bubble? The argument used to go like this: China won't have a subprime mortgage bubble like the U.S. because […]

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China's Anbang Insurance Group Co., Primavera Capital and J.C. Flowers have submitted an unsolicited US$13 billion counter bid for Starwood Hotels & Resorts Worldwide Inc., threatening the hotelier’s pending sale to Marriott International Inc. The Anbang-led investor group says it would pay US$76 per share in cash, compared to the previously agreed Marriott cash-and-stock transaction, […]

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NewQuest Capital Partners, a Hong Kong-based specialist in private equity direct secondary deals, has reached a first closing of US$500 million for its third fund. The vehicle, which is targeting US$520 million, will continue to focus on secondary deals in Asia, particularly in China and India. Separately, NewQuest has appointed former CVC Capital Partners managing […]

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China International Capital Corp Ltd. (CICC) says today that it has appointed Song Guoqing, professor of economics at the Peking University National School of Development, as a senior macroeconomic consultant. In an announcement, CICC says Song was a member of the Monetary Policy Committee at the People's Bank of China from 2012 to 2015. His […]

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Singapore-based Global Logistic Properties Ltd. (GLP) remains the market leader with an over 50% share of China's logistics sector last year, but some new local players are quickly catching up and may soon threaten its number one position, according to a report by real estate services firm Cushman & Wakefield. Ping An Insurance Group, a […]

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CITIC Group has agreed to sell its mainland residential development business to China Overseas Land & Investment Ltd. in an asset swap transaction valued at around RMB31 billion (US$4.8 billion), the companies said in an announcement (in Chinese). China Overseas Land is to issue HK$29.72 billion (US$3.83 billion) worth of new shares and inject RMB6.15 […]

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Catalyst CEL Fund, a joint venture fund managed by China Everbright Ltd. and Israeli private equity firm Catalyst Private Equity Management Ltd., has led a US$25 million financing round in Israeli 3D printing firm XJet Ltd., says a company announcement. Catalyst CEL Fund invested US$10 million, and has appointed its managing partner Yair Shamir as […]

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Sam Pa, who was behind resources deals in Africa, was under US sanctions

Chinese telecom device maker Huawei and Bank of China held a signing ceremony in Huawei's Shenzhen headquarters to jointly develop …