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As an increasing number of international companies start to do business in China, panda bonds have become an important tool to raise funds to support their domestic projects and operations.

As a wholly-owned unit of one of the biggest names in the country's asset management sector, HGI also prides itself on an international tie-up with Deutsche Asset Management Asia (DeMA) — part of Deutsche Bank Group — which grabbed a 19.5-percent stake in Harvest Fund Management in 2005 before lifting it to 30 percent three years later. Subsequently, in 2009, HGI forged an agreement with DeMA taking its Asian strategy unit into its fold.

As a rising startup in Silicon Valley, the two founders said they had been planning to enter the Chinese market for a number of years, given its size. Although the company did not provide any forecast of growth rate in China, Brown said they are optimistic as the country's large market will take care of itself.

As an important legal document on the judicial assistance between the two countries, the treaty lays the legal foundation for cooperation on the transfer of sentenced persons.

As Smith and Carlos grap-pled with the consequences of their protest, the rest of the sports world was also funda-mentally altered.