Saturday, 2 May 2009

Hot-shot fund managers burnt by crisis


CMIA's managing partner Lee Chong Min. The firm's FerroChina stake, valued at $240 million in 2007, is now effectively worth nothing.

China’s Post-1979 Consumer Class

Free-spending ‘Phoenix’ generation seen as both saviours and anti-heroes

Foreign funds flow to Asia on recovery hopes

Regional govt efforts to drive economies out of recession are fuelling investor appetite for risk

SGX watch-list firms running out of time

Nine have less than a year to apply for removal, most are still not profitable. By Joyce Hooi

Friday, 1 May 2009

China recovery hinges on private sector

The catch is that the private sector is sitting on its hands - with good reason

New rules to curb foreign financial info agencies in China

China yesterday unveiled new rules governing foreign providers of financial information, demanding that they not furnish domestic clients with information that could destabilise markets or stir up social tension.

Rule change boosts Taiwan stocks

Taipei stock index soars 6.7% on hopes of investment flows

‘Sell in May and Go Away’ May Not Be a Good Idea This Year

The old “sell in May and go away” adage may be only partially true this year: Investors may sell a bit but aren’t likely to stray very far after they do.

Beijing pushes traditional herbal remedy

Mainland health authorities have released three herbal medicine prescriptions they claim can block and cure swine flu.

Rejoining UN health body opens a door for Taiwan, Ma says

Taiwanese President Ma Ying-jeou said yesterday rejoining the World Health Assembly has opened a door for the island to increase its international presence.

Controversial content in AWARE’s sex education programme sparks debate

When TODAY showed him two pages of the CSE trainers’ manual, which stated that “anal sex can be healthy” and that “homosexuality is perfectly normal”, Rev Yap said that he “had no problems” with the content.

China’s Dual – or Duelling – Finance Hubs

Hong Kong’s role as a financial centre role is being challenged by Shanghai and yuan-based financing. Can the cities work together?

Corrupt official’s exploits made into anti-graft documentary


A corrupt high-level Beijing official’s exploits with mistresses and real estate developers have been made into a documentary that is being broadcast to Communist Party members nationwide as authorities wage war on corruption.

The documentary said a single real estate developer deposited about 400,000 yuan into Zhou’s bank account every day for three weeks in 2003, as payment for a lucrative hotel construction project.

Milk-scandal officials quietly given key jobs

Two officials disciplined for the melamine-tainted milk scandal were quietly reappointed to key positions months before their punishments were handed down to them.

Shanghai’s New Route to Financial Prestige

Through its international shipping port, Shanghai may have found a way to build a global hub for the financial services industry.

Sovereign Wealth and the Financial Crisis

China’s sovereign wealth fund CIC is holding cash assets and plans to ride out the economic downturn with minimal risk.

Dalai Lama sought refuge three years before uprising, claims biographer

The Dalai Lama wanted to defect to India as early as three years before he ultimately fled there in 1959 after a failed armed rebellion against Chinese rule, a historian and veteran journalists in India say.

Experts now believe Nehru had a change of heart three years later for three reasons: the emergence of territorial disputes straining Sino-India relations; escalating unrest in Tibet; and mounting pressure from the US and Britain for New Delhi to “take on China headlong” over Tibet.

Thursday, 30 April 2009

Bulls, not Bears, May End in Tears - Andy Xie


False hope built on government stimulus measures may feel good today, but it will only delay necessary reforms.

The false hope today may feel good but it only delays necessary reforms. It actually makes things worse. As governments spend money to revive the past, they won’t be left with money required to ease the pain caused by structural reforms in the future. The world is behaving like a bankrupt drug addict, spending welfare checks to feed an addiction. Once the checks are all spent, the addict has to go cold turkey to kick the habit.

Three Gorges To-Do List: Mudslides to Jobs

The construction phase of the Three Gorges dam and reservoir ends this year. But follow-up tasks -- and project woes -- abound.

Time to rein S-chips in - but don’t stifle foreign listings

The woes afflicting China stocks listed here, or S-chips, are by now well known: accounting irregularities, missing cash, profit warnings, and the resultant going-concern doubts that have emerged. And they have led to the sector’s spectacular collapse; on Tuesday, 34 out of the 51 S-chips that comprise the FT ST China Index (67 per cent) traded for below 20 cents, while 43 (84 per cent) traded for below 50 cents.