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pts5g234b4
Wysłany: Pon 13:14, 10 Sty 2011
Temat postu: China factor lures global hedge tiger shoes outle
China factor lures global hedge funds to Hong Kong
The growing number of global hedge funds registered in Hong Kong is the result of "China factors" rather than tougher financial regulation in the United States and fluctuations in the commodity market, according to industrial experts.Morgan Sze,
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, the former head of Goldman Sachs' Principal Strategies Group in Asia,
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, is gearing up his new hedge fund Hong Kong which will raise around 1 billion U.S. dollars and launch in early 2011.
Last November, Soros Fund Management LLC,
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, the hedge fund firm founded by billionaire George Soros,
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, opened its first Asian office in Hong Kong.According to a report by Credit Suisse, 75 of the world's top 100 hedge funds are likely to set up Asian divisions,
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, and Hong Kong is the top choice for location.
Heading for China's futures market
Since the last quarter of 2010,
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, although the government of Hong Kong Special Administrative Region (HKSAR) continues to deny the rush,
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, the amount of hot money rushing into mainland China via Hong Kong has appeared to be growing steadily.
In normal circumstances,
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, foreign funds are only able to enter China through cross-border trade (current accounts) or foreign direct investment (capital accounts). For hedge funds and the hot money, the path exists with their domestic partner companies. The hedge funds put dollar assets into the accounts of partners,
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, and the latter then put yuan assets into the funds' domestic accounts.
Arbitrage opportunities are the hot money's major target in China's domestic futures market. The demand from Chinese investors and consumers becomes the enticement that tempts foreign hedge funds firms to China.An executive with a domestic futures company, who requested not to be identified,
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, estimated that foreign funds account for around 30 percent of the total transaction volume of China's stock index futures."Some hedge funds that are keen at timing have realized returns of 30 to 40 percent,
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Since the middle of last October,
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, at least 43 people have been hospitalized due to A/H1N1 flu in the Netherlands,
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, local media reported on Friday.Most cases have been registered in Nijmegen,
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,
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, a city in the east part of the Netherlands. This is probably due to the fact that two children died in December, which caused a higher level of awareness by parents,
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, says a spokeswoman of the hospital in Nijmegen.The hospitals of Winterswijk Zevenaar,
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, Arnhem,
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, Doetinchem Ede didn't report any patients with flu Thursday,
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, while the AMC hospital in Amsterdam reported four and the UMC Utrecht six cases.
According to Ge Dark, project leader of Nivel,
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, the organization that registers the number of flu cases nationally, there are 5.9 cases per 10,
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,000 inhabitants in the west,
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, compared to 2.1 cases in the eastern part of the Netherlands. "But it is in its normal annual flu gradient."Pharmacists organization KNMP warned people with flu symptoms not to purchase medication such as Tamiflu over the Internet because of the poor quality and high prices. But there should be no fear for a pandemic crisis.
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