Hony Capital Ltd, the Chinese private-equity firm that bought UK restaurant chain PizzaExpress Ltd in 2014, raised $2.7 billion for a dual-currency fund intended to smooth the way for overseas and China-based investors to participate in the same deals, people familiar with the matter said.
Chinese mainland stocks closed lower on Thursday, following a 2.31 percent fall on the previous day.
High yields, ability to diversify by purchasing more bonds are making market attractive
Chinese robotics maker Zhejiang Wanfeng Technology Development Co Ltd has acquired Paslin Co, a US robotics firm focused on the automotive sector, for $302 million.
Shenyang Machine Tool Co Ltd, China's leading machine tool manufacturer, has set up a 3 billion yuan ($463.2 million) fund for the development of smart machine tools.
Analysts blame tight market liquidity and upcoming tax reform
Experts said the bond market is an important way Hong Kong can safeguard its role as a global financial hub in the future, as its role as an international renminbi clearing center faces intense competition with the Chinese mainland vigorously promoting the renminbi internationalization.
The professionally managed fund will support healthcare, education and environment protection
Led by South Korean pop singer Hwang Chi-yeul, more than 3,000 runners gathered on April 10 at the Shanghai Oriental Sports Center to kick off the AmorePacific Woman Health Charity Run.
South Korea's Samsung Electronics Co Ltd plans to invest 10 million yuan ($1.54 million) to turn a poverty-stricken village in Hebei province into a thriving area by upgrading infrastructure facilities and developing the rural tourism industry.
Alipay, China's largest third-party payment service provider, has teamed up with the country's policy bank to offer interest-free loans to poor college students.
Business schools set to feel the pinch of tighter regulation from next year
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Raymond Zhou
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Chen Weihua
