China Everbright Group

The former boss of China's state-owned banking giant Everbright Group has been arrested on charges of taking bribes, state media said Thursday.

For investors in Asian hedge funds, it was China and not the region's hottest major market, Japan, that provided the best bang for the buck in 2013 - a result set to ensure greater capital inflows into steadily growing China-focused funds.

A federal investigation into the hiring practices of JPMorgan Chase has expanded beyond the borders of China, where the bank faces questions about whether it hired the children of powerful Chinese officials to win lucrative business there.

US authorities have opened an investigation into whether JPMorgan Chase & Co hired the children of powerful Chinese officials to help it win business in China, according to the New York Times.

JP Morgan Chase is being investigated by US authorities over claims the bank hired the children of influential Chinese officials to secure business in the country, the New York Times reported on Saturday.

The former boss of China's state-owned banking giant Everbright Group has been arrested on charges of taking bribes, state media said Thursday.

For investors in Asian hedge funds, it was China and not the region's hottest major market, Japan, that provided the best bang for the buck in 2013 - a result set to ensure greater capital inflows into steadily growing China-focused funds.

A federal investigation into the hiring practices of JPMorgan Chase has expanded beyond the borders of China, where the bank faces questions about whether it hired the children of powerful Chinese officials to win lucrative business there.

US authorities have opened an investigation into whether JPMorgan Chase & Co hired the children of powerful Chinese officials to help it win business in China, according to the New York Times.

JP Morgan Chase is being investigated by US authorities over claims the bank hired the children of influential Chinese officials to secure business in the country, the New York Times reported on Saturday.