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The author is ANZ greater China chief economist Li-Gang Liu China’s People’s Bank of China reportedly had conducted a short-term liquidity operation (SLO) in China’s money market yesterday. The 7-day repo rate hit 9.8% in the afternoon, the highest since June’s “cash crunch”. In response, the central bank decided to rein in. There was a
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The author is Paris-based online private equity exchange Triago founder, Antoine Dréan With less than two weeks left in the year, investors in 2013 have received annual distributions amounting to some 12% of all the capital committed to private equity funds. That is significantly higher than the 8% this year and means $120 billion in
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Shanghai-based China Media Capital (CMC) says it has made an investment in Beijing-based Chinese business media firm, Caixin Media Company Ltd. CMC purchased its stake of Caixin Media from an existing shareholder, Zhebao Media Holding Group Co., Ltd. The amount and valuation of the transaction were not disclosed. CMC’s chairman, Ruigang Li, will become the
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The current dry powder of the private equity industry has reached $1,067 billion globally as of 17 December 2013, slightly exceeding the previous record high before the global financial crisis in 2008, according to data released by private equity research firm Preqin. Dry power is an industry phrase describing those capital committed to private equity
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Bitcoins and Kovurt are a match made in heaven. Both offer you greater privacy, so now Kovurt’s VPN services can all be purchased using Bitcoins.
Both new Kovurt Agents and renewing Kovurt Agents can take advantage of the ease and flexibility offered by a Bitcoin purchase.
What is a Bitcoin? A Bitcoin is a virtual currency. It has…
U.S.-based chocolate-maker Hershey Company has purchased a majority stake in a Shanghai-based candy company. Hershey’s wholly-owned subsidiary, Hershey Netherlands B.V., has signed an agreement to acquire 80% of Shanghai Golden Monkey Food Joint Stock Company Ltd., a privately-held confectionery company. Completion of the agreement is expected to occur in the second quarter of 2014 and
Chinese media platform BesTV has reportedly reached an agreement with Walt Disney to set up a digital technology joint venture in China. This joint venture will reportedly focus on digital technology consulting services related to services, products and contents of BesTV and Walt Disney in mainland China. The total investment for the joint venture will
Senator Max Baucus (D-Montana) will be nominated by President Obama as the next U.S. ambassador to China. The news was first broken by Politico, which attributes it to unnamed sources. Baucus, age 72, has served in the Senate since 1978. He’s no “China hand,” but he’s well-rehearsed in trade issues. He serves as chair of the Senate Finance
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Foreign direct investment (FDI) into China gained 2.35% in November from a year ago to $8.48 billion, the tenth consecutive monthly increase, according to data released by the Ministry of Commerce. The rate of growth was also significantly higher from October’s 1.24% rise. From January to November, China FDI inflow reached $105.51 billion, up 5.48%
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London-based European private equity firm CVC Capital Partners has reached first close of its fourth Asian Pacific fund with $2 billion, according to media reports. CVC is targeting over $3 billion for the fund, CVC Capital Partners Asia Pacific Fund IV, L.P. The Pennsylvania Public School Employees’ Retirement System (PSERS) just committed $100 million to
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