July 16, 2009
From Asian Investor comes the news that in October, China’s National People’s Congress will review a substantial reform of the fund laws proposed by the China Securities Regulatory Commission (CSRC).
Less than six months after taking charge of the fund supervisory division at the CSRC, the new director-general Wu Qing is already making his presence felt [...]
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July 13, 2009
At that point, it is more than a trend…
Stephen Satchell, the former Tokyo- based head of Asian proprietary credit trading at Credit Suisse Group AG, plans to start an Asia-focused credit hedge fund as early as this month.
The GCS Asian Opportunity Fund I will offer “small-to- medium sized” loans, mostly with an equity component, to [...]
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July 8, 2009
The People’s Bank of China, the central bank, recently made an investigation on derivatives operation of six domestic commercial lenders.
They included Industrial and Commercial Bank of China (ICBC, SHSE: 601398, and SEHK: 1398), Agricultural Bank of China (ABC), Bank of China (BoC, SEHK: 3988 and SHSE: 601988), China Construction Bank (CCB, SHSE: 601939, and SEHK: [...]
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June 22, 2009
Billionaire hedge fund manager George Soros said the worst of the global financial crisis is over, and called for new international regulations to maintain open markets.
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