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The Shanghai government has set up a 50 billion yuan (US$7.9 billion) investment fund which will target outbound investment opportunities. This is the country’s largest yuan-denominated fund to date. The fund will be run by Sailing Capital Interna Add to favorites Digg In another sign that the European sovereign debt crisis is affecting Asia, from January to October last year, rents for luxury apartments in Hong Kong declined 18%, reports the SCMP. The drop in luxury rents of HK$100,000 to HK$180,000 a month (US$12 Add to favorites . . . → Read More: Luxury Flat Rents Down 18% in Hong Kong China International Capital Corporation (CICC), China’s largest investment bank, is the first major bank in the country to lay-off staff amid the European sovereign debt crisis, according to the SCMP. Reportedly 30 bankers were laid-off mostly in Add to favorites Digg Hong Kong-based Thaddeus Capital Management closed its $300 million Thaddeus Asia Event Driven fund and returned all money to investors earlier this year. Thaddeus Asia Event Driven fund was down about 8% in 2011, while Asia Event Driven hedge fun Add to favorites Digg Hong Kong based hedge fund Senrigen aims to capitalize on the continued wave of outbound bids from China in 2012, as M&A activity in Asia Pacific is expected to increase by 33%, compared with lesser increases elsewhere. China’s cross border M&A ac Add to favorites Digg . . . → Read More: Senrigen to Focus on China Appetite for Mergers and Acquisitions |
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