Assets

Attempts to diversify China's reserves have been a disaster

Attempts to diversify China's reserves have been a disaster

American asset prices have been enjoying a ripsnorting rally lately. Over the last six months the S&P500 stock index has climbed 20 per cent. Alternative assets like hedge funds are generating decent returns. Even house prices are up.

Wednesday, 22 May, 2013, 4:45am

Supporters of the gold standard are usually set in their ways

Once bitten by the goldbug, it's hard to listen to reason. Photo: Bloomberg

News flash: recent declines in the price of gold, which is off about 17 per cent from its peak, show that this price can go down as well as up. You may consider this an obvious point, but it has come as a rude shock to many small gold investors who imagined it was the safest of all assets.

14 Apr 2013 - 2:15am 2 comments

Wills, wishes and lawyers … can we control our assets from the grave?

Steven Gallagher

Disputes over estates of the deceased often bring out the worst in human nature. With contention over the estates of late Canto-pop diva Anita Mui Yim-fong and late billionaire Nina Wang Kung Yu-sum, you might question the value of a will and paying a lawyer to write it.

2 Apr 2013 - 3:45am

Corporate structure comes in play when love boat hits rocks

What assets are at risk in divorce? Do they include company assets?

27 Mar 2013 - 4:32am

Sinopec to buy overseas assets from parent

Sinopec's profits fell last year.

China Petroleum and Chemical Corp (Sinopec) is to expand its overseas investments by acquiring oil and gas exploration assets in Kazakhstan and Russia from its parent for close to US$3 billion.

25 Mar 2013 - 5:33am

Disclosing assets of mainland elites too big a gamble, analysts say

Wen Jiabao's family was accused of amassing a fortune.

At the past seven annual meetings of the National People's Congress, lawyer Han Deyun repeatedly called for legislation requiring officials to declare their personal assets.

"There is no law at all on the disclosure of assets at the moment," said the NPC deputy from Chongqing . "We need to make it a legal obligation, otherwise our civil servants will ask 'why should I'?"

27 Feb 2013 - 5:01am

Reform is impossible when the reformers are losing so much

Xi Jinping

China's incoming President Xi Jinping, outgoing premier Wen Jiabao and former central bank governor Dai Xianglong have a couple of things in common.

Over the past few months, all three have been embarrassed by articles in the international media detailing the vast fortunes amassed by family members during their periods in high office.

3 Jan 2013 - 4:36am 1 comment

Economist warns of dangerous asset bubble on mainland

China economist Wu Jinglian. Photo: Jonathan Wong

Economist Wu Jinglian, one of the mainland's best-known advocates of market reform, warned yesterday that excess domestic money supply was creating an increasingly unsustainable asset bubble.

8 May 2015 - 9:46am

China critics 'doomed to failure' as Wen seeks lawyers

A woman reads The New York Times online. China blocked access to NYT websites after it reported Wen Jiabao's family had amassed vast riches. Photo: AFP

China on Monday warned its critics they were “doomed to failure” as Beijing confirmed that Premier Wen Jiabao’s family had employed lawyers to help fight The New York Times.

5 May 2015 - 9:48am 3 comments

Wen family hits back at 'lies' on hidden fortune

Wen Jiabao with his wife, Zhang Beili. Photo: SMP

Lawyers for Premier Wen Jiabao's family last night hit back at The New York Times for its explosive exposé about their wealth - the first time a top Chinese leader has issued a rebuttal to a foreign media report.

5 May 2015 - 9:48am 7 comments

Bank of Singapore out to exploit mainland wealth to double portfolio

Bank of Singapore, which was formed from Oversea-Chinese Banking Corp, said it was close to achieving its earlier goal of doubling assets under management.

Asian private wealth manager Bank of Singapore is looking to cash in on China's rising affluence to reach its goal of doubling its global assets under management in four years.

8 May 2015 - 9:46am

Greece prepares sale of state assets as economic outlook grows more bleak

A woman stands by a billboard advertising a lottery in Athens. The Greek government said yesterday it would sell state assets to raise desperately needed revenue. Photo: AFP

An unprecedented clear-out is now under way in Athens after the government announced it will sell anything it can do without - and in this debt-choked nation that means letting go of islands, royal palaces, prime real estate, marinas, airports, roads, the state-owned gas company, lottery and post office. Indeed anything, really, that can be sold.

21 Sep 2012 - 4:31am

US citizens have until end of year to save on assets over US$5.12m

US citizens living in Hong Kong could save themselves huge sums of money if they exploit a significant tax savings opportunity before the end of this year.

9 Sep 2012 - 3:46am

Asset worries see Minsheng Bank take a tumble

The price of China Minsheng Bank shares fell yesterday on news that two brokerage houses had downgraded its ratings over concerns of deteriorating asset quality and narrowing profits due to a regulatory change.

6 Sep 2012 - 4:03am

Britain 'failed to freeze assets of Hosni Mubarak regime'

The Egyptian public investigator who led efforts to hunt down property belonging to the regime of toppled dictator Hosni Mubarak has accused Britain of being "one of the worst" countries for housing assets.

In a BBC investigation aired on Monday, Mohamed Mahsoob said Britain and Egypt had frustrated attempts to seize the British assets of the fallen regime.

5 Sep 2012 - 3:29am

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