A total of 2,720 private equity funds are currently on the road seeking to raise US$965 billion, with the number of vehicles in fundraising mode up 6% year-on-year and the aggregate sum sought remained steady compared to one year ago, according to data released by Palico. In today’s crowded fundraising marketplace, commitments have accelerated compared […]

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China’s central bank announced this evening that it will cut the reserve requirement ratio (RRR) by 50 basis points, effective tomorrow on 1 March 2016. The RRR cut came amid the recent capital outflow and soft economy, and will immediately inject about RMB650 billion (US$99 billion)into the banking system, alleviating the liquidity drain, says a […]

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China Grand Automotive Services Co., Ltd., the nation’s largest auto dealership previously owned by TPG, may soon become the world’s largest. For the global private equity giant who offloaded its stakes over a year ago, will this provide consolation or provoke deeper regret? Maybe both. Or, maybe none, as it is the nature of the […]

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The average new home prices among 70 major Chinese cities increased 0.4% month-on-month. Prices of previously-owned homes went up 0.6% compared to December, according to data released by the National Bureau of Statistics of China. Prices increased the most in first and second tier cities, including Beijing, Shanghai, Guangzhou, Shenzhen and most of the country’s […]

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China’s pharmaceutical market is likely to reach US$315 billion in 2020 from an estimated US$48 billion in 2012, expanding at a compound annual growth rate (CAGR) of 26.5%, according to a new research report released by Research and Markets. The growth will be driven by increasing investment in China’s pharmaceutical Research & Development sector, along […]

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Beijing-based Weiying Technology Co. Ltd., the operator of Tencent-founded movie ticket booking app Wepiao, has invested an undisclosed amount in Chinese animation firm Original Force, according to Tecent Technology. Founded in 1999, Original Force provides animation services to major Chinese movie studios, as well as producing its own animation series. The Nanjing-based firm also plans […]

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Ten months after Chinese Craigslist-like platform 58.com Inc. agreed to acquire 43.2% of unlisted rival Ganji.com, Yang Haoyong, founder of Ganji.com, has completely exited from the merged company. In an announcement, the company said that Yang will dedicate his time and attention to managing Guzi.com Inc., which operates 58.com’s consumer-to-consumer used car trading platform. In […]

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Investors are worried that after a period of significant and rapid credit expansion following the global financial crisis and years of eye-propping growth, China may be running out of policy options. That is not the case, as the country still has ammunition to support growth going forward, argues a research report by UBS AG. Growth […]

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Personal investable assets in China totaled RMB100 trillion (US$15 trillion) at the end of 2015, with 40% of which invested in bank deposit and 35% in real estate, according to a new report by ChinaVenture. Investments in stocks and debt account for less than 20% of Chinese residents’ portfolios, as investors remain conservative in how […]

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Baidu Inc. will report fourth quarter results on Thursday, February 25 after the close of the market. It might be too early to see how much success Baidu’s various ventures have had in the quarter, but investors are likely to be pleasantly surprised this year by the Chinese search engine giant, says a research report […]

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