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  • August 30, 2014
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Results 1 - 10 of 36 for sovereign wealth fund

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  1. Business - Comment - MONEY MATTERS

    Evergrande a case study in being too big to fail despite 350b yuan liability

    Posted Aug 30th 2014, 01:20am by Shirley Yam

    ... The bankers also love the financial innovation displayed by Evergrande. Take how its perpetual bond is structured. Instead of granting Evergrande a plain loan, Bank A will get its fund house or a third-party one to launch a fund or investment scheme backed by the developer's bond. Bank A will then subscribe to the fund with its own money. That arrangement disguises a loan as a bond ...

    http://www.scmp.com/business/article/1581917/evergrande-case-study-being-too-big-fail-despite-350b-yuan-liability
  2. Business - Comment - MONEY MATTERS

    Ma's grip on Alibaba all in the name of preserving its founders' culture

    Posted Jun 21st 2014, 12:40am by Shirley Yam

    ... Among them were the country's sovereign wealth fund and Boyu Investment, a private equity firm set up by the grandson of former Chinese president Jiang Zemin. No specifics have ever been ...

    http://www.scmp.com/business/article/1537248/mas-grip-alibaba-all-name-preserving-its-founders-culture
  3. Business - Comment - MONEY MATTERS

    Evergrande puzzles with buy-back on one hand, borrowing on the other

    Posted Jul 26th 2014, 01:23am by Shirley Yam

    ... a major source of funding for Evergrande for the past two years. But the latest offering is the shortest maturity of its known trust lending so far. Evergrande’s share price has outperformed both ...

    http://www.scmp.com/business/article/1559382/evergrande-puzzles-buy-back-one-hand-borrowing-other
  4. Business - Comment - MONEY MATTERS

    Princelings and patronage pose barriers to cleaner IPOs

    Posted Jul 05th 2014, 01:48am by Shirley Yam

    ... is packaged under the innocuous banner of "private equity". Sons and daughters of top families have set up various private equity funds over the years. These funds buy stakes in firms ...

    http://www.scmp.com/business/article/1547033/princelings-and-patronage-pose-barriers-cleaner-ipos
  5. Business - Comment - MONEY MATTERS

    Citic Pacific's acquisition of Citic Group is merely state sleight of hand

    Posted May 17th 2014, 01:56am by Shirley Yam

    ... investment the Singaporean sovereign fund has ever made in any SOE fund raising. The result of all these artificial manoeuvres is the change of Citic Pacific- the SOE with the smallest state control ... are to churn out HK$39.8 billion to take over 80.5 per cent of Citic's share placement. Among them are the National Social Security Fund, the investment arm of the State Administration of Foreign ...

    http://www.scmp.com/business/article/1513865/citic-pacifics-acquisition-citic-group-merely-state-sleight-hand
  6. Business - Comment - MONEY MATTERS

    Ma's fancy footwork puts him on a winner with football play

    Posted Jun 07th 2014, 01:05am by Shirley Yam

    ... cent controlling stake in Tianhong Asset Management. This is a big deviation from the rules that state that only a financial entity with three years' track record can control a fund ... controversial decisions can take years. Via Tianhong, Alibaba now owns a fund management licence, making it a real challenger to a sector that is largely dominated by state firms. Alibaba is also ...

    http://www.scmp.com/business/article/1527029/mas-fancy-footwork-puts-him-winner-football-play
  7. Business - Comment - MONEY MATTERS

    ICBC a laughing stock after inept effort to cook up orders

    Posted May 24th 2014, 01:09am by Shirley Yam

    ... Nothing happened. The managing director was subsequently sacked. When the payment time came, no one ever questioned the funding source of the placees. In fact, in order to circumvent internal ... to repay an earlier borrowing from Macquarie and some hedge funds that were charging 25 per cent, the prospectus says. Like most developers in China, Powerlong borrowed at a top price to stock up ...

    http://www.scmp.com/business/article/1519183/icbc-laughing-stock-after-inept-effort-cook-orders
  8. Business - Comment - MONEY MATTERS

    Yuan anti-speculation drive brings ill wind from the north

    Posted Apr 05th 2014, 01:04am by Shirley Yam

    ... directors considered the above arrangement would be a better utilisation of funds and could create a higher return to the group," the circular said. This greed had been well-fed by the banks. ...

    http://www.scmp.com/business/article/1465149/yuan-anti-speculation-drive-brings-ill-wind-north
  9. Business - Comment - MONEY MATTERS

    Trust product sounds great, so long as you don't ask questions

    Posted Mar 15th 2014, 01:50am by Shirley Yam

    ... him an investment proposal titled Ping An Wealth- Handan Hyundai Modern Logistic Port Project. Hyundai? The South Korean conglomerate? That's interesting. George clicked on the e-mail ...

    http://www.scmp.com/business/article/1448920/trust-product-sounds-great-so-long-you-dont-ask-questions
  10. Business - Comment - MONEY MATTERS

    Axed Railways Ministry is reborn, with little changed

    Posted Mar 16th 2013, 12:00am by Shirley Yam

    ... Investment Corp (CIC), the country's sovereign wealth fund. Like CRC, the investment fund is not supervised by the Sasac. Yet it has an 11-member board that includes two retired ministers ...

    http://www.scmp.com/business/article/1191865/axed-railways-ministry-reborn-little-changed

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