Hsiang-Ching Tseng

A measure released today requires firms with an AUM of over RMB500m to register with China’s National Development and Reform Commission and submit to regular reviews. The measure will expand the investable universe of China’s SSF, which can only commit to NDRC-approved firms.

Richard Ong, one of the three co-founders of Hopu, reportedly expects a final close on his new venture in early June.

Managing partner Forrest Zhong is considering setting up his own fund while partner Michael Li has joined Tsing Capital to do cleantech investment.

China’s securities regulator is reportedly drafting rules that would allow securities firms to launch private equity funds as early as this year.

Trading of the Carlyle- and Partners Group-backed company has been suspended while Hong Kong’s securities regulator investigates ‘irregularities’ in the auditing process.

The Nordic firm has acquired Taiwan’s Gala TV alongside the company’s CEO Poa-Chuan Lin.

Shanghai-based Ji joined Sequoia in 2005 as managing director. He has led deals including Comsenz and Country Style Cooking.

Ma, who was CFO of Lenovo prior to joining TPG, is reportedly setting up a fund with Louis Cheung, president of Chinese insurer Ping An.

Steven Okun, a former deputy general counsel at the US Department of Transportation, will lead the firm's regional public affairs, corporate citizenship initiatives and external communications.

The China-based firm has attracted more than two dozen investors for its fifth fund, targeting $650m.