 Wysłany: Pon 13:14, 10 Sty 2011 Temat postu: China factor lures global hedge tiger shoes outle |
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| 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,tiger shoes outlet, the former head of Goldman Sachs' Principal Strategies Group in Asia,asics shoes Australia, 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,Asics Gel Shoes, the hedge fund firm founded by billionaire George Soros,asics tiger mexico 66, 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,discount asics running shoes, and Hong Kong is the top choice for location. Heading for China's futures market Since the last quarter of 2010,asics onitsuka tiger shoes, although the government of Hong Kong Special Administrative Region (HKSAR) continues to deny the rush,The Shenzhen Component Index, the amount of hot money rushing into mainland China via Hong Kong has appeared to be growing steadily. In normal circumstances,asics tiger shoes sale, 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,Asics Ultimate 81, 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,asics running shoes sale, 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,tiger shoes," said a manager with a domestic investment management firm. Since the middle of last October,Onitsuka Tiger Mexico 66 Lauta, at least 43 people have been hospitalized due to A/H1N1 flu in the Netherlands,Asics Gel Kinsei 2, local media reported on Friday.Most cases have been registered in Nijmegen, New York Mercantile Exchange Thursday,asics gel running shoes, 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,asics shoes shop, says a spokeswoman of the hospital in Nijmegen.The hospitals of Winterswijk Zevenaar,cheap asics running shoes, Arnhem,Asics Mexico 66, Doetinchem Ede didn't report any patients with flu Thursday,asics shoes sale, while the AMC hospital in Amsterdam reported four and the UMC Utrecht six cases. According to Ge Dark, project leader of Nivel,cheap asics shoes, the organization that registers the number of flu cases nationally, there are 5.9 cases per 10,asics shoes,000 inhabitants in the west,Cheap Asics Mexico 66 Shoes, 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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