Published News » Finance

$600 million private-equity fund to invest in high-growth companies

China's private conglomerate Fosun Group and Prudential Financial Inc have formed a $600 million private-equity fund to invest in high-growth companies that bank on China's attractive business climate.

Government prioritizes surge to combat recent trade frictions

China's outward direct investment (ODI) growth will accelerate, and its volume will equal that of the nation's inward foreign direct investment (FDI) by 2015, said Yi Xiaozhun, vice-minister of commerce, on Thursday.
End of super-preferential policies will create a level playing field for domestic and foreign enterprises to compete

As of Dec 1, the Chinese government began to collect two taxes from overseas-funded companies and individuals with commercial interests in the country, namely the city maintenance and construction tax, and education-supporting tax. This marks the beginning of a standard tax trea
THE recent financial crisis has seen Asia emerge as an economic powerhouse - indeed, as a key driver of global growth.

Indeed, while Asia is rising, the rich industrial countries of the old G-7 have been drifting into a liquidity trap. As the ongoing recession exhausts the traditional instruments of monetary policy, central banks are opting for new rounds of quantitative easing (QE).

And, w
China's credit card lending accelerated in the third quarter, with potential default risks loom-ing larger. Market watchers believe, however, the risks won't pose any big challenge for the coun-try's banking sector.

Outstanding credit card lending grew up 13.2 percent from the previous quarter to total 1.86 trillion yuan ($279.59 billion) at the end of the third quarter, the People's Bank of C
Baoding city in northern Hebei province, near China's capital Beijing, has built two model industry parks to attract Taiwan businesses, Chinanews.com.cn reported Thursday citing sources at the city's Taiwan affairs office.

The two Taiwan business industry parks are located in Wangdu county and Xushui county, to the southwest of Beijing.

The Wangdu industry park focuses on green food process
The State Council, China's Cabinet, announced Sunday a slew of measures to rein in rising commodity prices to ease the economic pressures on the people.

Local governments and departments are required to boost agricultural production and stabilize supply of agricultural products and fertilizer while reducing the cost of agricultural products and ensuring coal, power, oil and gas supplies, the S
China issued a new policy allowing Private Equity (PE) fund trading with the Beijing Financial Assets Exchange (BFAE) on November 13, on what stamps its first regulation on PE fund trading, BFAE made an official announcement on its website Monday.

The Beijing Financial Assets Exchange Private Equity Fund Trading Regulations, also made BFAE the first and only market for PE funds and projects. T

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