JP Morgan's Ulrich climbs Fortune's greasy power pole Good to see that Jing Ulrich (below) has again been included this year in the Fortune list of 50 most powerful women in business. The managing director and chairman of China equities and commodities for JP Morgan has apparently increased her power over the past 12 months since she is now ranked 47 compared with 49 last year. She seemed quite pleased to be included again, writing on Facebook, ' I am honoured to be included among Fortune magazine's 50 most powerful global businesswomen (October 2010 issue). Many of these women are my role models, and I have much to learn from all of them.' There are 18 women from Asia on the list, compared with 13 last year, with seven from China and four from India. The most 'powerful' businesswoman in Asia is Temasek's Ho Ching at No6. Hong Kong gets a mention with Turkish-born Umran Beba, head of Pepsi's Asia-Pacific operations, at 23 on the list. Esquel Group's Marjorie Yang Mun-tak was 39 last year but has slipped off the list this year. Ulrich is gaining ground on Wei Christianson, managing director and CEO of Morgan Stanley's China operations. Christianson slipped from 44 last year to 46 this year, one position above Ulrich. Will Ulrich overtake her next year? The suspense is overwhelming. No laughing matter How can laughter make you communicate more effectively, increase your productivity and strengthen your relationships? All this and more will be revealed at an AmCham breakfast workshop on Monday by Anand Chulani, who rejoices in the title of 'life and laughter coach'. He has coached Fortune 500 executives, and conducted workshops for companies like Google and Disney. He has also worked with organisations such as the International Association of Hostage Negotiators. (Hardly the pale for laughing or joking you would think). If nothing else, Monday's breakfast should be a good laugh. Sadly, AmCham seems to have had a sense of humour failure with regard to the press and has excluded them from the event. The rating game The mainland promises to show the world what arms-length, objective analysis is all about. It is spending 50 million yuan (HK$57.9 million) to set up the independently run China Credit Rating venture, promising 'corporate governance, advanced rating technology and rich ratings data' within a decade. It promises to avoid the very public failures that have besmirched the reputations of Moody's Investors Service, Standard & Poor's or Fitch. But the acid test for the new agency will be whether it can issue 'honest' assessments of floundering mainland enterprises - and resist the blandishments of public officials or disgruntled People's Liberation Army officers. Some people say that the mainland's rating agency will have its work cut out for it if it's going to tell the truth about corporate governance and fiduciary practices across the country. But we think their rating will treated like those from all the other organisations, that is, taken with a large grain of salt. Gates breaks Chinese wall By all accounts Bill Gates is a big Tweeter. So what to do on the mainland this week, where he is touring with Warren Buffett to speak on the virtues of charitable giving? As we all know, Twitter is one of the services blocked by Chinese authorities, leaving Gates without it. But it's hard to keep a good man down even on the mainland. So to keep his channels open Gates has joined a Chinese microblogging platform - T.Sina.com. He started blogging from there in English and has already attracted 114,000 followers on the service. T.Sina.com confirmed that it has verified the account and that it indeed belongs to Gates, noting the content originates from Gates' Twitter account. What the papers say We see from Asia Property that real estate agent DTZ launched its Fair Value Index in Singapore last month with considerable fanfare. The firm is so proud of its index that it has trademarked it. The index measures the attractiveness of investing in commercial property markets. The day after the launch DTZ was keen to see what kind of coverage the Singapore press would give its new product and excitedly scanned the morning papers. The new product did receive some coverage but it wasn't quite what DTZ had hoped, with one paper starting its coverage with, 'DTX says ...'