The Hong Kong Monetary Authority the territory’s quasi-central bank, is to manage its burgeoning reserves more aggressively by putting more money into higher-risk, higher-return hedge funds and private equity.
April 13, 2010--The Hong Kong Monetary Authority the territory’s quasi-central bank, is to manage its burgeoning reserves more aggressively by putting more money into higher-risk, higher-return hedge funds and private equity.
KKR, the private equity firm, has received funds from the authority, while Bain and Blackstone are among others that have received investments or held talks with it, according to people familiar with the matter.
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Source: FT.com
China banks 'face $70bn gap'
April 13, 2010--China’s four biggest publicly traded banks could face a combined capital shortfall of at least Rmb480bn ($70bn) over the next five years, according to the president of Industrial and Commercial Bank of China, the world’s biggest bank by market value.
All of China’s largest banks have announced plans in the past month to raise fresh capital to shore up their balance sheets after an unprecedented credit binge last year. But the total amounts they plan to raise fall far short of the five-year estimate of Yang Kaisheng, ICBC president .
Chi-X Global, owned by Nomura through its Instinet broking unit, is also set to launch share trading in Japan in the third quarter and has a joint venture with SGX, the Singapore exchange, to launch a pan-Asian “dark pool”.
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Source: FT.com
Tokyo Commodity Exchange Gold Price Reached New High In 27 Years
April 9, 2010--At Tokyo Commodity Exchange, Inc. today, the price of gold futures of the February 2011 contract hiked to 3,490 yen per gram temporarily during the day trading session. This price level is the highest since April, 1983.
‚PD Quotes for Gold Futures of February 2011 Contract on April 9 iYen per gramj
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Source: TOCOM
Commodity Equity, Emerging Industries Indices to Be Launched
April 8, 2010--Three indices, including the SSE Commodity Equity Index, SSE Emerging Industries Index and CSI Emerging Industries Index, will be published in due form on April 30, 2010, according to a recent announcement of the Shanghai Stock Exchange (SSE) and China Securities Index Co., Ltd. (CSI).
In recent years, the wild price volatility of block commodity worldwide has brought fierce challenges to China's economic development, business operation and investors' decision-making. Closely related with the prices of block commodity, the stock prices of companies engaging in block commodity have drawn wide attention on the securities market. The preparation and development of the SSE Commodity Equity Index will not only, by showcasing the changes of stock prices of the listed companies engaging in block commodity, provide a performance comparison benchmark and analysis tool for investing in these stocks, but also reflect the anticipation of investors on block commodity prices. According to the published index scheme, the index is composed of 50 companies with large market capitalization and ample liquidity in such industries as comprehensive oil and natural gas, exploration and production of oil and gas, refining and marketing, coal, nonferrous metals, mining, chemical fertilizers and pesticides, agricultural products, forest products and paper products.
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Source: Shanghai Stock Exchange (SSE)
China economist sees ‘room for talk’ on currency row
April 5, 2010--A Chinese government economist said on Monday that the US decision to delay a contentious currency report did not mean Beijing will change the value of its currency any time soon.
US Treasury Secretary Timothy Geithner on Saturday postponed a report due out on April 15 that could have branded China a “currency manipulator,” which in turn would ratchet up US pressure for a big appreciation in the yuan’s value, which critics says is distorting trade flows. There was no official reaction from China where Monday was a public holiday.
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Source: Todays Zaman
Index Data Monthly Report: Asia Pacific Edition
April 5, 2010--Index Data Monthly Report: Asia Pacific Edition from Dow Jones is now available.
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Source: Dow Jones
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