Hsiang-Ching Tseng

Carlyle has already recouped its investment in China Pacific through an $860m partial exit from the Chinese insurer and is on track for a 6x return.

The private equity firms have exited their four-year investment in a deal worth about $724m.

The senior managing director will head to Hong Kong from New York and will take charge of the firm’s investor relations in the region.

Judy Qing Ye, a Shanghai-based director of emerging markets-focused EM Alternatives, says the time is right for a domestic FoF industry in China.

The US investment advisor has appointed private equity specialist Christopher Hunter to head its Beijing office, which is the firm’s third office in Asia.

Morgan Stanley's sale of its 34.3 percent stake in China International Capital Corporation will generate a pre-tax gain of roughly $700m.

The Nordic firm's second China fund, which is roughly 50% deployed, has inked its sixth deal.

Korea Exchange Bank’s labour union has filed a lawsuit to block the $4bn sale of Lone Star’s 51% holding to Korea’s Hana Financial Group.

The financial services firm will establish its headquarters for Chinese private equity investment in the city of Hangzhou.

It has been reported that China’s State Administration of Foreign Exchange has allowed the Shanghai government to greenlight the conversion of $3bn into RMB for investment into private equity funds. Whether this money will be treated as local capital still remains unclear.