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BlackRock gets license to start China mutual fund business

SCB 10X invests in Sunday Holdings whose subsidiary, KSK Insurance, is the

Aragen Life Sciences: Goldman Sachs buys stake in contract research firm Aragen Life Sciences

Synopsis Aragen is a leading provider of outsourced discovery, development, and manufacturing services across both large and small molecule platforms. The company serves a worldwide customer base which spans to the United States, Europe, and Japan. Wall Street behemoth Goldman Sachs has taken a significant minority stake in Aragen Life Sciences, formerly known as GVK Biosciences, a leading contract research organization (CRO), the company announced today. Goldman Sachs, an active investor in India, has acquired shares previously held by ChrysCapital and other existing shareholders. The private equity arm of Goldman Sachs, is all set to acquire about 33% stake in Hyderabad-based GVK Biosciences, making pharma & healthcare as the favourite investment destination amid Covid pandemic, ET reported on Monday.

China policy and markets round-up: China population growth slows, April credit data disappoints, PPI inflation surges

By Addison Gong 14 May 2021 In this round-up, China records the lowest population growth in decades, the pace of credit expansion moderates, and a surge in the country’s factory gate prices adds to global inflation concerns. China’s population hit 1.412bn last year, up from 1.4bn in 2019 and an increase of 72.06m from 2010, according to the National Bureau of Statistics (NBS). The average annual growth rate was 0.53% for the past decade, slower than the 0.57% recorded for the 2000-2010 period. Those aged 60 or above made up 18.7% of the population, which was 5.44 percentage points higher compared to 2010. The male to female ratio was 51.24 to 48.76.

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