China

BoC executive warns of risks in wealth management products

There is a proliferation of off-book wealth management products that China's banking sector has to tackle, warns a bank executive.

BoC executive warns of risks in wealth management products

There is a proliferation of off-book wealth management products that China's banking sector has to tackle, warns a bank executive.

China Investment Corp sees 3.9% annual return

The China Investment Corporation's annualized yield of its overseas investment stood at 3.9 percent since it was founded five years ago.

China floats $4.4B worth of T-bonds

China's Ministry of Finance will sell 28 billion yuan (US$4.42 billion) in 20-year book-entry treasury bonds.

BOCI-Prudential Asset Management receives QFII quota

BOCI-Prudential Asset Management received a Qualified Foreign Institutional Investor ("QFII") quota of USD 150 million from the State Administration of Foreign Exchange ("SAFE").

Investors protest vs Tianjin City in China's largest private equity fraud

Over 1,000 disgruntled investors protested against the local government of Tianjin City outside the municipal building last Sept. 3 and 4.

China Investment Corp disposes most of BlackRock stake

China Investment Corp has sold most of its 3 percent stake in BlackRock Inc., which it bought a 3 percent stake for $1 billion in 2009.

China's Citic Capital sells stake to Qatar fund

Citic Capital Holdings has sold a 22.2 percent stake to an arm of Qatar's sovereign wealth fund.

China's Fortune Link ties up with Korea's KDB Daewoo

Fortune Link Fund Management Co. and KDB Daewoo Securities Co. has signed a deal to team up in the Chinese  private equity market.

Chinese advertising firm receives private-equity offer

Focus Media Holding Ltd received a bid from private-equity firms in what would be the country’s largest leveraged buyout.

Bank of Montreal expands in China with acquisition of CFO Trust

Bank of Montreal has completed its previously announced acquisition of a 19.99% in Beijing-based COFCO Trust Co.

Asia Alternatives raises over $1.5B

Asia Alternatives raised more than $1.5 billion in new funds to invest into fund managers across Asia.

Foreign hedge funds may now invests Chinese residents' funds abroad

China has commenced a new investment reform allowing foreign hedge funds to use funds from Chinese residents in investments abroad.

Romney's Bain Capital raises $2.3B for second Asia fund

Bain Capital LLC has completed fundraising for its second Asia fund, closing at $2.3 billion.

Asian private equity fundraising down in first half

Private-equity fundraising and transactions decreased in almost every country in Asia during the first half of 2012, including China.

China's fund companies slug it out with banks offering WMPs

China's fund management companies are seeking to compete with wealth management products sold by commercial banks.

China, Hong Kong in cross-border trade of exchange-traded funds

China has approved mutual listings of exchange-traded funds on Hong Kong and mainland exchanges.

'Infant' Korean hedge funds attract Bloomberg

Bloomberg is doubling the size of its Korean operation because the government is easing financial regulations on the hedge funds market.