One swallow doesn't make a summer. But here's another sign that China's private equity industry may be back on track. Zhu Lei, managing director with Credit Suisse's Beijing office, is leaving to set up his own PE firm...    more »

Not every business has trouble raising funds in the down economy. Chinese sports clothing manufacturer Fujian Peak has tapped VC firms Sequoia Capital China, Legend Capital, and the investment arm of China Construction Bank, CCB International, for 400m yuan...   more »

Goldman Sachs has turned bullish on China, upgrading its predictions for the country's GDP growth to a startling 8.3 per cent, safely above the 8 percent level that China's government judges to be the minimum necessary to keep the China success story on track...    more »

Greater Pacific Capital is planning to launch a $750m fund to invest equally in China and India. The firm argues that conditions for investing in growth companies are better than ever, as valuations of companies have come down and many are struggling to borrow from banks...   more »

Foreign direct investment in China dropped 33% year-on-year to $7.5bn in January. That seemingly precipitous drop in foreign investors' interest in China has to be seen against the very high levels of FDI in recent years and the current credit crunch...    more »

Betex, the London-listed bookmaker focussed on China, is anything but the sure-cert bet it once seemed. Indeed, investors now risk losing their shirts as the company has been delisted from London's Aim market...   more »

What a difference two years and a US credit squeeze makes. Once, stock brokers were seen as the untouchables of China's financial sector. Fast forward to today and the news that Citic Securities is to invest $1bn for a 6% stake in Bear Stearns, the US investment bank, hard hit by the credit squeeze. Equally surprising, the US firm is reciprocating...   more »

London Asia Chinese Private Equity has seen trading in its shares temporarily suspended to allow auditors to valuate its investments. By itself, one should not read too much into the delay. Nevertheless, valuing small Chinese companies is more of a black art than a science...   more »

Patience is a virtue. Australian bank ANZ has taken its second minority stake in a Chinese bank, although the deal took four years to close. ANZ will pay $263m for a 19.9% stake in Shanghai Rural Commercial Bank (SRCB) - China's largest rural commercial bank...   more »

China's soaring stock markets have propelled Citic to become the world's fourth largest broker behind Goldman Sachs, Morgan Stanley and Merrill Lynch. Beijing-based Citic has a market capitalisation of more than $40bn and has put on $30bn just in the current year...   more »