The information contained in this website (this “Website”) is furnished by China Harvests Capital Limited and, where applicable, its affiliates (collectively “we” and “us”, and “our” and “ours” shall be construed accordingly) to persons or entities (each a “Recipient”):

(i) to whom the provision, publication or availability of the information on this website is not prohibited, restricted or unlawful under the laws (including by-law), rules, regulations or orders of courts, governmental or administrative bodies or stock exchanges in any jurisdiction (collectively the “Relevant Law”); or

(ii) by whom access to, possession or use of the information on this Website in the jurisdictions they are situated would not otherwise subject us to any registration or any other compliance obligations in those jurisdictions.

If you do not qualify as a Recipient, you must not access this Website. By proceeding to access this Website, you hereby represent, warrant and undertake to us that you qualify as a Recipient and are entitled to receive the information on this Website. In any event, you access this Website on your own initiative and are therefore responsible for understanding and observing the Relevant Law as applicable to you before proceeding to access this Website.

You are required by us to ensure you qualify as a Recipient before accessing this Website. We do not accept any liability to you or to any person in relation your access, possession or use of this Website or its information.

The information on this Website is being provided by us solely for information purposes and is not, shall not be construed as, and does not constitute an offer, invitation or recommendation by us to sell or issue to or a solicitation to subscribe for or buy any interest in or assets from us, our funds or our products.

This Website is provided on an “as is” basis without representation or warranty of any kind whether as to adequacy, accuracy, completeness or otherwise. The information on this Website may be changed at any time without prior notice. We shall not be liable for any loss or damage relating to adequacy, accuracy or completeness of any information on this Website or the use of such information.

Opinions and estimates contained in this Website are based on current opinions and/or estimates of ours and which may not prove valid and may be changed without notice. Additionally, this Website may contain “forward-looking statements” and the actual events or results or the actual performance of the relevant entities, funds or products may differ materially from those reflected or contemplated in such forward-looking statements. In considering the information contained in this Website in relation to historical investments, prior investment performance or other processes of proprietary nature, if any, you should bear in mind that such information is not indicative of future results and there can be no assurance that the relevant entities, funds or products will achieve comparable results, that targeted or projected investments, returns or asset allocations will be met and that the same or similar investment strategies, approaches or objectives will be implemented or achieved in the future. Prior to making any investment, please read the relevant private placement memorandum or explanatory memorandum and other documentation of the relevant funds or products in their entirety. You must ensure you fully understand the risks associated with the investment and should also consider your own investment objective and risk tolerance. We, including but not limited to its directors, officers, employees and agents, do not accept any responsibility whatsoever or liability for any direct, indirect or consequential loss or damage suffered or incurred by you or any other person or entity however caused (including but not limited to negligence) in any way in connection with this Website.

The information in this Website further shall not be taken as constituting legal, tax, investment or other advice by us to you or any other party, nor to constitute you or such person a client or customer of us. You must obtain your own independent professional advice before making any investment decision or otherwise.


We do not accept responsibility for any interference or damage to your computer system, the records stored thereon or those of any other person, which arises in connection with your use of this Website or any linked website. Cookies may be utilized on this Website. Acceptance of cookies may be necessary in order for you to read and agreed to this disclaimer and to access the Website. The cookies do not contain any personally identifiable information. All contents of this Website including all information, graphics, code, text and design are owned by us and should not be reproduced or distributed without our permission, and all rights including copyrights are reserved.


Certain hyperlinks on this Website may connect you to websites outside of this Website. We have not reviewed such external websites and we take no responsibility for the content thereof and the products, services or other items offered through them.

Privacy policy and data protection

We are committed to complying with the Personal Data (Privacy) Ordinance, Chapter 486 of the Laws of Hong Kong (the “Ordinance”) in handling your personal data (within the meaning given by the Ordinance). All reasonable steps would be taken to ensure that your personal data are kept secure against unauthorized access, loss, disclosure and destruction. Please read our personal data privacy policy for more details.

Limitation of liability on system and transmission over the internet

We (including but not limited to our directors, officers, employees and agents) take no responsibility for any loss or damage to any person (including any loss of opportunities or profit, delay, data corruption, system disruption, or damage to any hardware or software or otherwise) in connection with their use of this Website or its information, whether caused by virus attack, force majeure event, interception of data or communications, hardware and software malfunction, failure of servers, service providers, network traffic congestion, email transmission failure, or failure access to this Website or otherwise.

Governing law

This disclaimer is governed by the laws of Hong Kong and constitutes the entire agreement between you and us in relation to the use of this Website.


In case of any discrepancy between the English and Chinese version of this Disclaimer and this Website, the English version shall prevail.


China's Shandong Ruyi expands fashion empire with Bally
Shandong Ruyi has agreed to buy a controlling stake in Swiss luxury shoe and accessories firm Bally from Luxembourg-based JAB Holding, the companies said on Friday, as the Chinese textile maker builds up a portfolio of fashion labels.

Shandong Ruyi, which did not disclose financial details for its latest purchase, had swooped on France's SMCP in 2016, buying a majority stake in the company behind affordable luxury labels Sandro, Maje and Claudie Pierlot.

Shandong Ruyi has been growing its network of luxury clothing and accessories labels in an industry still dominated at the very high end by large French conglomerates like Louis Vuitton owner LVMH and Gucci parent Kering.

"This is an important milestone for Shandong Ruyi Group in our enterprise to become a global leader in the fashion apparel sector," Yafu Qiu, Chairman of Shandong Ruyi Group, said in a statement. "We look forward to supporting Bally in achieving its continued growth and enhancing its brand globally."

Bally, founded in 1851 in Switzerland as a quality footwear company and now headquartered in Milan, has been looking to boost annual sales to $1 billion under Chief Executive Frederic de Narp. They were less half of that in 2015.

Privately-held JAB Holdings -- which owns doughnut makers Krispy Kreme as well as coffee brands and has a stake in consumer products group Reckitt Benckiser -- has meanwhile been spinning off its luxury and fashion investments.

It will retain an undisclosed minority stake in Bally. JAB had already sold off British fashion brand Belstaff as well as shoemaker Jimmy Choo.

The brand famed for its towering stiletto heels coveted by celebrities was snapped up last year for $1.2 billion by U.S. retailer Michael Kors, which has since said it wants to grow its business with more acquisitions in the sector.

Shandong Ruyi spent HK$2.22 billion ($283.88 million) on a controlling stake in Hong Kong menswear group Trinity Ltd at the end of last year.

The retailer and wholesaler's brands include classic British menswear makers Kent & Curwen and Gieves & Hawkes, and Cerruti 1881, a Paris-based fashion house which also makes fragrances and watches.

Shandong Ruyi also bought London-based suit maker Aquascutum from Hong Kong's YGM Trading Ltd last year for $117 million.