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, […]

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 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 […]

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.

…

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 […]

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.

…

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 […]

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.

…

Shunwei Capital, a venture capital firm co-founded by Chinese entrepreneur Lei Jun five years old, has made 125 investments so far, averaging 25 deals a year. Has it been a success, or failure? Sina Technology compiled some interesting data below, based on publicly disclosed information. First, even if Shunwei has sometimes been termed as a […]

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 Chinese government plans to implement various policies to increase land and housing supply to control soaring housing prices in its biggest cities, according to remarks made by the chief of the country’s Ministry of Land and Resources. The Minister of Land and Resources Jiang Daming remarked during the National People’s Congress yesterday that the […]

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’s consumer price index increased 2.3% year-on-year in February, up from the 1.8% increase registered in January, due to a sharp rise in food prices because of the Chinese New Year and adverse weather. Food, tobacco and liquor rose sharply by 5.8%, contributing 1.74 percentage points to the headline inflation. Adjusting for the Chinese New […]

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.

…

KKR’s head of Global Macro & Asset Allocation, Henry H. Mcvey, just issued an awesome report on global economies and markets, with an insightful segment on China. Globally, Mcvey sees four important themes: Despite the recent sell-off in risk assets, we still do not think that 2016 is the time to lean in. Our base […]

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.

…

Greater China-focused hedge funds declined 0.33% in February to register a loss of 6.9% for the first two months of the year, highlighting market volatility and the challenges faced by investors. Hedge funds still outperformed the market, with the MSCI China Index dropping 14.93% during the first two months. According to the latest data released […]

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’s exports contracted 20.6% year-on-year in February, compared with a decline of 6.6% in January. Meanwhile, imports fell 8.0% year-on-year, an improvement from a drop of 14.4% previously. As exports declined faster than imports, the trade surplus narrowed to RMB209.5 billion (US$32.6 billion) in February. While yearly changes of China’s trade data are usually distorted […]

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.

…