Chinese insurance companies will be allowed to increase their equities exposure to up to 45% of total assets - a move that is expected to benefit private equity.
At the end of the first quarter, insurers had RMB4.38 trillion ($628 billion) deployed in equities, according to the China Banking & Insurance Regulatory Commission (CBIRC), which announced the rule change. This equates...
PAI Capital, a Hong Kong and London-based asset manager that primarily caters to high net worth individuals (HNWIs) has paid RMB1.45 billion ($212 million) for a 24.22% stake in Vtron Group, a Shenzhen-listed video display systems manufacturer.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
A consortium led by China Resources Capital (CR Capital) has agreed to acquire a 65% stake in Hong Kong retail and supermarket operator City Super Group.
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.