Hong Kong bankers are charging the lowest fees on record to arrange initial public offerings as firms vie for deals in a market where IPOs are raising more than in the U.S. and U.K. combined. ... Read More

Spring Capital has achieved a final closing of US$250 million, which is the fund cap, in late August.... Read More

Some of the world's largest private equity firms are competing to set up Chinese currency funds. The big names in this game are the Blackstone Group, the Carlyle Group and TPG.... Read More

Citic Private Equity may have closed the biggest ever renminbi-denominated PE fund in January, but even larger ones are in the pipeline.... Read More

Private-equity firms stung by soured deals in Asia are increasingly pushing for restructuring or legal action at troubled companies to which they are exposed, in the process championing investor rights in the region.... Read More

China's banking regulator plans to launch an investigation into lenders' cooperation with private equity firms, to ensure banks have taken adequate measures to ward off risks, the China Business News reported on Friday.... Read More

Gateway Capital declared that its 3rd PE fund with the newly-developed key investment projects in China as the main targets has already raised US$373.5M.... Read More

Goldman Sachs Group Inc. (GS) is leading a syndicate of growth-capital investors for a $70 million investment in eHi Car Rental Co., which aims to put more Chinese drivers behind the wheel of its rental cars.... Read More

China Life Insurance Co. Chairman Yang Chao said the company will study whether to subscribe to pan-Asia life insurer AIA Group Ltd.'s pending initial public offering but wants to see the pricing before making a decision.... Read More

Though the global fund-raising environment is improving, it is not completely out of the woods yet and LPs (or investors in private equity) are still leaning towards China when it comes to an Asian presence. ... Read More

The Blackstone Group L.P. has reached a cooperative agreement with Great Eagle Holdings Ltd..Under terms of the agreement, the US private equity giant will fund a residential project, including over 1,000 high-end apartments and more than 400 hotel guest rooms, the latter plans to develop in Dalian, Liaoning Province. ... Read More

Bizark, an e-commerce company providing comprehensive solutions for international e-commerce and trade, officially launched yesterday. Though the company did not disclose any particulars of its investment, a reporter for the Oriental Morning Post found that IDG invested up to USD 40 mln in the new company.... Read More

TPG, one of the world's biggest private equity firms, launched on Tuesday its second yuan-denominated fund in China, underscoring its ambition to expand in the world's fastest-growing major economy.... Read More

China Jianyin Investment Securities has obtained regulatory approval to transfer its 43.35 percent controlling stake in China International Capital Corp (CICC) to its parent Central Huijin Investment Co, the Shanghai Securities News reported on Tuesday.... Read More

A consortium led by Chinese private-equity fund Hopu Investment Management Co. is considering a possible bid for Potash Corp. of Saskatchewan Inc., a person familiar with the situation said, the strongest sign yet that China could emerge as a rival suitor to BHP Billiton for the big Canadian company.... Read More

TPG Capital Ltd. said Monday it plans to raise CNY5 billion (US$736.5 million) for its first yuan-denominated private-equity fund. ... Read More

Blackstone, the US private equity group, has made its first significant investment in the booming Chinese housing market after agreeing a deal with one of Hong Kong’s largest property developers to build luxury apartments in the country.... Read More

In one of the largest private-equity deals to take place in Asia, bidding for Taiwan's largest cable television operator China Network Systems Co. is coming in between US$2.0 billion and US$2.5 billion, two people familiar with the matter said Thursday. ... Read More

China’s $300 billion sovereign wealth fund may pick China Asset Management Co., the country’s largest fund manager, to oversee part of its international investments, said a person with direct knowledge of the matter. More sovereign wealth funds are likely to invest in alternative assets such as hedge funds and private equity.... Read More

Shanghai has designed a pilot scheme for the qualified foreign limited partner (QFLP) system, and submitted the plan to the State Administration of Foreign Exchange and the Ministry of Commerce for approval, said Fang Xinghai, director of the Financial Services Office of Shanghai.... Read More