Hong Kong puts financial professionals to the test
Turn the clock back a few decades and the criterion for anyone entering the securities industry was to have an uncle or other relative working at a brokerage firm. But…
PICC raises US$3.1b in Hong Kong’s biggest IPO this year
People’s Insurance Company (Group) of China raised HK$ 24 billion (US$ 3.1 billion) in Hong Kong’s largest initial public offering in two years. Markets & Investing feed…
Civil fraud charges against SAC Capital ‘may be months away’
It could be weeks, maybe months, before US securities regulators move on their threat of filing civil fraud charges against Steven Cohen’s SAC Capital Advisors. The US$ 14 billion hedge…
Bringing the inside outside
In recent years, Steven Cohen, the once-reclusive money manager, has carved out a public profile straddling a number of fields: a prodigious art collector, an investor in the New York…
Asian funds buy into London for impressive returns
Asian investors are the biggest buyers of office property in the City of London this year, wagering that the financial district’s volatile market has changed since it routed Japanese buyers…
Short-selling eases as Block loses interest
Carson Block says it’s become too difficult to short Chinese equities in the US as bets on stock declines drop by 50 per cent from a year ago. Block, known…
Shanghai market drops below key 2,000 level
The mainland’s key stock indicator slipped below the psychologically important 2,000-point level yesterday, entering a territory last seen nearly four years ago. The Shanghai Composite Index fell 26.3 points, or…
Regulator relaxes rules for foreign investment firms
Who is eligible to be a QFII ? Under PRC law, a foreign investor must obtain a special licence to become a qualified foreign institutional investor (QFII) to invest in…
Speculation, not location, is the new watchword
Location! Location! Location!” You may have heard this age-old real-estate wisdom when searching for a property. But is it the number one consideration? A friend of mine has invested in…
