China

A Chinese investment company and a Danish private equity investment firm are collaborating to identify business opportunities in China and Europe.

Sources said that Alibaba Group has been in talks with China Investment Corp on investment possibilities.

Goldman Sachs rehired veteran banker Mark Schwartz to be the chairman of its Asia Pacific unit, based in Beijing.

Five foreign institutions were granted licenses by the China Securities Regulatory Commission in April.

China's regulators are proposing to allow hedge funds to directly trade in mainland stocks and bonds.

BlackRock Inc and China Investment Corp will jointly launch an investment fund likely to be worth several billion US dollars.

Sumitomo Mitsui Banking Corp. will buy a 24 percent equity stake in China Post & Capital Fund Management Co.

Global fund managers are most optimistic about China's equities, with 56% of respondents holding an overweight view in the first quarter of 2012.

China’s US$410-billion sovereign wealth fund received a US$30 billion injection from the government last year.

Asia-focused hedge funds started with help from a major backer are shutting down as a shrinking pool of key investors.

ICBC launched the first tranche of exclusive Mobile Banking wealth management products only available to ICBC mobile banking customers.

Eight billion yuan worth of financial bonds with maturities of up to 10 years will be issued by the Bank of Ningbo.

Wealthy Chinese investors are turning to “sunshine” private trusts, the prototypes of hedge funds in the communist nation. This is while property market cools, stocks slump and bank-deposit rates fail to match inflation. China’s private trust-fund assets tripled to 138.3 billion yuan or $22 billion in the 18 months to Sept. 30, according to the most recent data from the China Trustee Association, while global hedge-fund assets have stalled at around $2 trillion. The sunshine funds are exempt from some rules placed on Chinese mutual funds, even as limitations such as a ban on short selling means they can’t operate as hedge funds in the same way managers in Hong Kong, London and New York can. The Rongzhi Hedge Fund Index that tracks 938 sunshine private funds almost doubled from the end of 2006 to December 2011, beating the CSI Stock Fund Index, which includes all Chinese open-ended stock mutual funds, by 47 percentage points. China’s mutual-fund industry shrunk about 35 percent from the end of 2007 to 2.1 trillion yuan in September as the Shanghai Composite Index tumbled almost 60 percent from its 2007 peak. The Rongzhi gauge dropped 18 percent last year, outperforming the CSI Equity Fund Index by 7 percentage points. The Shanghai Composite retreated 22 percent. For the source of this story, click here.

Sumitomo Mitsui Financial Groupplans to acquire a minority stake in a mid-sized Chinese fund house to access China's mutual fund industry.

Chinese banks more than doubled sales of wealth management products in 2011 to an estimated 15.5 trillion yuan or $2.46 trillion.

KKR & Co LP, Sequoia Capital China and Everbright Private Equity, have committed three-quarters of the $145 million Hong Kong IPO of China Outfitters Holdings.