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Rex Aguado

Standards seem to be slipping as stop-press stops stock trading

They say those who live in glass houses should not be throwing stones. Pebbles, however, are perfectly permissible.

Trading in at least three listed companies - Global Green Tech Group, Haywood Investments and See Corp -  was recently suspended due to delays in dispatching the English-language version of their announcements in a daily newspaper. It wasn't us.

Lessons in lucre

If your idea of a college student  is  a carefree dude or dudette who cares for nothing but dating, partying, student loans, more dating and partying, we're afraid you're so five minutes ago.

Believe it or not, more than half of college students in Hong Kong have been  shrewd enough to invest in stocks, foreign currencies, properties and for those working part-time, the Mandatory Provident Fund, according to a recent Hong Kong Baptist University (HKBU) survey.

A more astounding finding from the study is that 15.4 per cent of  students get their seed money for investments from government-sponsored student loans, while 3.1 per cent rely on personal loans, either from banks, family or friends.

Asked whether they feel their investment knowledge is sound, more than 70 per cent of the respondents doubted their financial nous  but almost all of them believe  practice makes perfect.

To help students hone their investment skills, the university has helped set up the HKBU Investment Club, a  project that will put investment theory into practice with real moolah.

With  initial capital of $900,000,  HKBU's  business-school students can buy stocks or investment products after analysing company performance and  building investment strategies, including stock selection and portfolio allocation.

To ensure the funds don't end up in shares  in breweries and listed pornographic-service providers, the university's finance office will  buy stocks or bonds only after club members have discussed and agreed on the investment options.

To spread the blessing, trading profits will go to the HKBU Campus Development Fund.

That's all well and good.  Lai See has some concerns though: if the club ends up in the red,  will its members also get red marks?

Son shines on Li

Faster than the normal full three-trimesters, stockier than his sisters, able to leap up to his proud  dad's arms in a single bound - it's 'Superbaby'!

The latest addition to 'Superman' Li Ka-shing's family was born last week at the Happy Valley Sanatorium, weighing a hefty 3.83kg, the heaviest baby among his siblings - three sisters now aged 10,  six and  two.

Victor Li Tzar-kuoi and his wife, Cynthia Wong Fu-shun, got a pleasant surprise last week as their first baby boy was born earlier than expected.

According to reports, the couple have been hoping for a son after having three daughters, so that the Li family name can be carried on.

A local  fung shui master said he had heard that workers at the Nan Hua Si  in Shaoguan,  Guangdong, had seen Cynthia praying at the temple whose patron deity is known for granting the wishes of parents seeking a son.

Lai See, however, cannot confirm this report and Li Ka-shing himself had said he had no  gender preference for his grandchildren. As  Deng Xiaoping  said, it doesn't matter  if the cat is black or white, so long as it catches mice.

Meanwhile, our  fung shui master source says that the stork may soon be returning to the Li household. Would this have anything to do with Victor's younger brother, Richard Li Tzar-kai  and his girlfriend, who works at Barclays Capital?

In any case, Lai See will be monitoring the skies. In the meantime, we'd like to send super wishes to the Li family. When's the banquet?



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HSBC

Lai See