China is poised to boost quotas on outbound investment schemes to $100 billion and cut barriers to moving foreign currency in and out of the country in a series of swift but small steps to crank open its tightly controlled capital account.
Asia/Pacific
HarbourVest hires ex-JPM banker to head new Beijing office
Global private equity firm HarbourVest Partners said on Tuesday it has hired ex-J.P. Morgan banker Sally Shan as a managing director to head its new office in Beijing.
SMFG buys stake in China asset management firm -sources
Sumitomo Mitsui Financial Group will buy a 24 percent stake in a mid-sized Chinese asset management firm for around $125 million, two sources with direct knowledge of the matter said, a move that would be its first foray in China's wealth management market.
Chinese investors scramble for a bite of Apple
China's rigid capital rules ban its citizens from investing directly in Apple Inc but that's not keeping them from seeking a piece of the iPhone maker's success by buying shares in its suppliers - and even companies rumored to be suppliers.
Asia Private Equity Weekly News, April 23, 2012
News and developments in Asia private equity from Reuters News for the week ending April 20. News and developments in Asia private equity from Reuters News for the week ending April 20.
Latest News
Investment will be Used for B5M Website Development, Marketing and Ongoing Innovation B5M, a next-generation social shopping search engine in China, today announced a $7.
