The People’s Bank of China announced a 50 bps cut in the reserve requirement ratio (RRR) for commercial lenders on Saturday as it stepped up efforts to boost growth amid signs of a weakening economy. The second such cut...
Oct 18, 2011
China Real Time Report presents a range of perspectives on the state of the Chinese economy, and boldly eschews scalebare dragon imagery: How healthy – or otherwise – is China’s economy? Like the proverbial...
Mar 30, 2010
The Financial Times has an in-depth look at the connections between China’s princelings and private equity: The company has no nameplate in the lobby of the Golden Treasure Tower, a nondescript building near the Forbidden...
Jan 24, 2010
Reuters reports on the latest initiative by Wen Yunsong, also known as Winston Wen, Premier Wen Jiabao’s son, though details are scarce: New Horizon Capital, whose co-founders include Wen Yunsong, son of Chinese Premier...
Oct 3, 2007
From Financial Times: A group of US and Chinese business people on Wednesday unveiled the first US financial services firm to be co-owned by Chinese interests. HuaMei Capital Company , as the joint venture firm is known, will be based in Chicago and Beijing, highlighting the growing links between Chinese business and the US Midwest. […]
Aug 19, 2007
From Reuters via Yahoo.com: The steep paper losses that China has suffered on its $3 billion investment in Blackstone Group will not deter its embryonic sovereign wealth fund from making further investments in private equity and hedge funds, according to a senior official. Shares in Blackstone closed on Friday at $24.08, down 22.3 percent from […]
Aug 2, 2007
The International Herald Tribune gives an update on the Blackstone deal: The first purchase by the Chinese government’s new overseas investment fund, a $3 billion stake in the Blackstone Group, has backfired badly and produced an unusual public backlash within China. Blackstone shares have fallen steeply since the company went public June 22, pushing down […]
Jul 27, 2007
From Caijing.com.cn: China’s recent USÔºÑ 3 billion injection into the U.S. private equity firm Blackstone Group may have attracted more media attention, but the Beijing government also turned heads by creating a huge, PE hybrid designed to accelerate development in Africa. The China-Africa Development Fund was launched in June with an initial USÔºÑ 1 billion […]
Jul 25, 2007
From Financial Times: Fundraising for private equity in China bucked the overall trend in Asia by more than doubling in the first half, at a time when private equity managers are struggling to put their Chinese money to work, figures on Tuesday revealed. Private equity firms raised $5.26bn to invest in China, a 239 per […]
Jun 8, 2007
From Financial Times: China’s leaders often lament the fact that up to 90 per cent of corporate financing in the country still comes from bank loans – pointing to the need for more efficient capital markets and a domestic private equity industry. But with a change in regulations introduced quietly last week, Beijing has moved […]
CDT in the News
- U.C. San Diego, 21st Century China Center – The Party Remakes China: What to Watch for After the 20th Party Congress
- NYT – China’s ‘Absurd’ Covid Propaganda Stirs Rebellion
- The Economist – The Prince: Searching for Xi Jinping
- FP – China’s War on History Is Growing
- Coda Story newsletter – Chinese censors working overtime to silence dissent on zero-Covid lockdowns in Xinjiang and Tibet