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Equities

CIC seeks to expand investment range

By Clare Jim


Refuting international criticism, China's sovereign wealth fund China Investment Corporation (CIC) claims to be one of the most transparent funds in the world. Jesse Wang, CIC's executive vice-president and chief risk officer said at a conference in Hong Kong in April that sovereign wealth funds are not treated fairly. "Many threats are allegedly posed by sovereign wealth funds, but there is no strong evidence to logically support these beliefs," he says.

Equities

New structures spark offshore push

By Rodney Diola

After a lukewarm start, China's Qualified Domestic Institutional Investor (QDII) scheme has picked up momentum as foreign banks employ financial engineering to offer products to Chinese investors reluctant to consider offshore investments. It is a small step but a useful one as the country grapples with excess liquidity

Equities

MPFs suffer negative return

By Chito Santiago

The Mandatory Provident Funds (MPFs) in Hong Kong suffered an average negative return of 9.29% in the first half of 2008, their largest average loss for the first six months of a year since the MPF system was launched in December 2000. In June alone, the MPFs incurred an average loss of 5.26% - their largest average monthly loss since January 2008

Equities

Breakthrough for Ping An Insurance fundraising initiative

By Clare Jim

The controversial 120 billion renminbi (US$17 billion) mega-financing deal by the second largest insurer in China was approved on March 5 by shareholders. This would be the biggest fundraising in .....