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  • September 23, 2014
  • Last updated: 10:12pm
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  1. Business - Money - EQUITIES

    Tiger Global keeps faith in rally story of Chinese car listing site Bitauto

    Posted Sep 20th 2014, 05:10am by Bloomberg

    ... Bloomberg in New York Hedge fund's partner buys into the Chinese car listing site amid 2,300 per cent surge since 2012 Tiger Global has faith that Bitauto Rally will continue Tiger ... The hedge fund and private equity firm, which was founded by a protege of billionaire investor Julian Robertson, held a 14.9 per cent stake in Beijing-based Bitauto by September 12 after owning ...

  2. News - World

    Heirs to Rockefeller oil wealth join push to divest from fossil fuels

    Posted Sep 23rd 2014, 04:44am by Reuters, THE WASHINGTON POST

    ... hold over US$50 billion in total assets, pledged to divest from fossil fuels over five years using a variety of approaches. One of the signatories is the Rockefeller Brothers Fund. Stephen ... commitments by campuses, churches, cities, states, hospitals, pension funds, and others in the United States and abroad have doubled, from 74 to 180, according to philanthropic giving consultancy ...

  3. Business - Banking & Finance

    Investors brace for US Fed verdict on interest rates

    Posted Sep 17th 2014, 11:08am by Reuters

    ... the central bank offers Treasury securities in exchange for cash from banks, money market funds and mortgage finance agencies, effectively paying them to park funds with the Fed. Traditionally, ... financial repercussions that we did not foresee.” As the New York Fed ramped up testing of the overnight reverse repo late last year, banks, funds and other market players started preparing ...

  4. News - Hong Kong - COURTS

    Solicitor and wife of former dairy firm director jailed for laundering HK$230m

    Posted Sep 19th 2014, 01:47pm by CHRIS LAU

    ... Chris Lau chris.lau@scmp.com Duo jailed for laundering Natural Dairy funds A solicitor and the wife of a former director of listed company Natural Dairy Holdings received prison sentences ... in Wu's law firm, Fred Kan & Company, and the solicitor deposited the funds to Ye. The court heard that Ye dealt with a further HK$161 million, besides the HK$68.95 million, from March 2010 ...

  5. Business - Money - TRADING

    Investors team up to find path through dark pools

    Posted Sep 16th 2014, 03:23am by Reuters

    ... have found an alternative: club together. A growing number of European investment funds have signed up to use an electronic trading system designed by one of their own, Finland's Pohjola ... of interest. Pohjola's system aims to reduce conflicts of interest by putting fund managers- not brokers- in charge of where to send trades. Designed by a team led by former Pohjola head trader ...

  6. News - China Insider - GADGETS

    Chinese student attempts to 'rent' out his girlfriend to pay for an iPhone 6

    Posted Sep 18th 2014, 01:09pm by James Griffiths

    ... In 2012, a Hunan teenager sold a kidney and used the funds to buy an iPhone and an iPad. Five men were later arrested in connection with the case. In October, prosecutors in Shanghai charged ...

  7. Comment - Letters

    Mega Events Fund helps city deal with fierce competition

    Posted Jul 21st 2014, 03:59am by LETTERS

    ... Mega Events Fund helps city deal with fierce competition I refer to your editorial (" Mega Events Fund must go ", July 14). The government attaches great importance to the proper use of public money including the Mega Events Fund (MEF). Since the MEF's inception, we have been monitoring and evaluating all events closely. A system with consistent standards ...

  8. Business - China Business - MONEY MATTERS

    Sinopec offers master class in SOE mixed ownership reform

    Posted Sep 20th 2014, 05:10am by Shirley Yam

    ... houses. Would anyone seriously expect fund managers like CICC Investment Group and Changjiang Pension Insurance – owned by dozens of Shanghai-based SOEs – to defy any state plan? Let’s be honest. ... feature – publicly offered funds will be key players. Harvest Fund Management got 4.2 per cent of the Sinopec Marketing shares, China Asset Management 2.282 per cent and ICBC Credit Suisse Asset ...

  9. Business - Comment - JAKE'S VIEW JAKE VAN DER KAMP

    Let spoiled airlines fund Hong Kong's third runway, not the public purse

    Posted Jul 22nd 2014, 12:01am by Jake Van Der Kamp

    ... Jake van der Kamp Let spoiled airlines fund third runway, not the public purse An association representing 2,500 pilots in Hong Kong has voiced support for a third airport runway, saying air traffic congestion during peak hours is already forcing planes to wait 15 minutes or more to take off. SCMP, July 21 This third runway crowd is certainly getting mighty casual with our ...

  10. News - Hong Kong - ENVIRONMENT

    Third runway given the green light by government green advisers

    Posted Sep 16th 2014, 04:36am by CHEUNG CHI-FAI

    ... will be funded. Council chairman Professor Paul Lam Kwan-sing said it had recommended that the government accept the environmental impact assessment report and issue a permit with 20 conditions attached. ... decide within 30 days whether to issue a work permit to the Airport Authority. Conditions include the creation of a 2,400 hectare marine park; two funds to support improvements to the marine ...




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