China News
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A Chinese services-industry index rose to a six-month high, adding to signs that the world’s second-biggest economy will sustain a rebound after a two- quarter slowdown.
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China’s economic development will bring opportunities rather than threats as it seeks to boost trade with Southeast Asia, Xi Jinping said on his first visit to the region as president.
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Taiwanese banks, once seen as a gateway into China, look more like a trap for private-equity firms including Carlyle Group LP as the mainland market proves elusive and competition at home curbs profits for small lenders.
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UBS O’Connor, the UBS AG unit with $5.2 billion of assets, plans to open its first Asia-focused hedge fund to investors later this year, said two people with knowledge of the matter.
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