Hong Kong's performance over the past few years, we
FEEl a beggar begging to Beijing, policy support, almost entirely dependent on the Chinese mainland market. It seems so long as Beijing is no longer guaranteed preferential treatment as a global financial centre will be gone. If this premise, as the author pointed out many times before, how to make sure that you
Start with the Shanghai sees competition, can always get the balanced treatment (not to mention the upper hand, it's impossible)?.
The problem is, this approach is not our tr
ADItion. Over the past few
DECades, Hong Kong's financial center does not depend on Beijing's preferential policies or in the Government's closure Patent YANG o
btained, Hong Kong is not Shanghai. Hong Kong as a financial center in Asia rely on their own hard work, by the Hong Kong financial markets are still full of vitality and creativity, to introduce new produ
CTS to attract customers, to provide enterprises with attractive financing platform that not
only China but throughout Asia China to provide quality financial services. .
So for the past few years seems to be lost in Hong Kong, with his own mistakes in Beijing is still grace, and to o
btain policy support in Beijing. You might say this is a pragmatic spirit, earn money, it is losing face, you may be able to say "no pets, or lose it", but fortunately also demonstrated at Beijing Hong Kong RONG DING steady multiplication of international credit, so our invited 宠 at least a dozen years will receive care. However if Hong Kong is relying on this kind of mental state, almost losing to Shanghai will be inevitable because it is not possible to be like Shanghai, Beijing and loved her daughter after all not own daughter.
Over the past few years I have been criticizing the Hong Kong people should not put all their eggs in one basket, we must use the same efforts to develop markets outside China, at least open up the hinterland of South East Asia market as its core. Fortunately, a few things recently that people have not completely lost its competitiveness, Hong Kong Stock
Exchange resumed its market diversification efforts. .
The first thing is 27 January this year, the joint Company RUSAL officially listed in the main area of Hong Kong and became the first company in Hong Kong-listed Russian enterprises. Although this case has questioned its IPO market listing standards are relaxed, although Russian aluminum listing on the first day has been cracked, but Russian aluminum listed in Hong Kong likely to ignite the Russian company listed in Hong Kong, in the Russian aluminum landed in Hong Kong market, Russia's largest coal, iron ore, copper and energy producers also wants to go to Hong Kong, precious metal and white gold, then may also be followed. . .
The second thing is that this year on March 8, Hong Kong and Bureau services in Canada, the extension can be used for Can
ADIan companies in the city of Grand Island financial, such as Canada can vote for local companies in North America, Leung. He pointed out that the Can
ADIan province of Ontario and not brother than province has Hong Kong
Exchanges and clearing of overseas judicial authority, as an example, call the Can
ADIan companies listed on the Hong Kong and welcoming Canada through our fund management companies to push him on the island. Before has two Can
ADIan companies, including a Can
ADIan mining company, in the message listing in Hong Kong.
The third thing is the French high-end cosmetics maker
L'Occitane (
L'Occitane) in Hong Kong initial public offering financing through 54. .9
Billion Hong Kong dollars (about 7. .07
Billion), b
ECOMing the first French companies listed in Hong Kong. China Investment Corporation (CIC) as
L'Occitane initial public offering of one of the biggest investors in the purchase of 50 million U.S. dollars worth of
L'Occitane shares.
L'Occitane select listing in Hong Kong, not Paris, Hong Kong in the global financial impact of increased access to more weight. .
The fourth thing is the British "FT" quote from the news that the business base in Brazil's Cup triumph Group (Sateri), plans to raise $
1 Billion in Hong Kong (HK). Cedric's main business is the production of fiber materials for textile use, in Brazil and China have production facilities, the Group's shareholder group for Singapore RGE, RGE's controlling shareholder is Indonesia Regal Sukanto Tanoto. In addition to another heavyweight resources unit in Brazil, the world's largest iron ore producer fresh
Water River Valley (Vale), also plan the
FASTest in Hong Kong this year. . .
Above the progress that we still have the ability to expand its market in the world, demonstrate its market and competitiveness, it at least have the following characteristics:.
One is the people of Hong Kong in a bid to its tr
ADItional strengths, such as its financial, real estate and textile and other tr
ADItional consumer's
evaluation of abilities, is also trying to build new strengths. If the Hong Kong Stock
Exchange mining companies built up on
evaluation capacity, does not preclude the future it could b
ECOMe the preferred global resource companies listing. The formation of expertise in the local financial system need to accumulate enough talent, and build a strong R & D capabilities and global or regional information center in these industries. .
The second is the Hong Kong still can give full play to the attraction or influence in China. In the past, Hong Kong, in addition to attract Chinese companies listing in Hong Kong to help Chinese enterprises to internationalization, a
CTS as the international enterprises know now Hong Kong people seems to be able to once again b
ECOMe those who invest in China or China as a major market for international business preferred financing. In fact, this is a huge market of blue ocean,
only this one direction of business, maybe it's enough to make Hong Kong as an international financial roles. . .
Third, in Hong Kong, France and the United States Department of the rule of law, environment, information dissemination, and the global deal with foreign language skills and other tr
ADItional competitive advantage in this kind of marketing plays an important role. This indicates that the use of its advantages, it is still possible to b
ECOMe an attractive financial market. While the above advantages, Shanghai in the foreseeable future, cannot be equated with Hong Kong.
Find Hong Kong Stock
Exchange is clearly a financial center in the unique
FEEling. I do not know whether this is Charles Li in power after the changes brought about by the Stock
Exchange. If it is, this shows that Hong Kong must attract more high-end financial professionals around the world to join, not just rely on local talent in Hong Kong. A variety of styles of financial
Operators contribute to Hong Kong a truly global financial centers. .
�� 。.
This matter to the revelation of Shenzhen, the Shenzhen Stock
Exchange in the global competition to build their own core competencies? Shenzhen Stock
Exchange on which the industry can build
evaluation capacity and b
ECOMe its own specialty? I would like to at least the formation of the Shenzhen Stock
Exchange electronic information (including communications and the Internet), new energy and other industries advantage. Prudential intends to introduce the ways listed in Hong Kong this week hearing. .
��。.
At 07:
13 on the April 2
1, 20
10 China Securities Journal -. .
��。.
Prudential plans to "introduce ways" (without the issuance of new shares,
only to get listed status) listed in Hong Kong, and has Hong Kong Stock
Exchange listing application. This week four, the company would accept the HKEx listing hearing. .
��。.
Provide financial support for the merger. .
��。.
In March of this year, Prudential announced the acquisition of 35.5
Billion U.S. dollars to American International Group (AIG) life insurance s
UBSidiary in Asia AIA (AIA). This acquisition changes the AIA alone in Hong Kong initial public offering (IPO) plan. Previously the market had expected, AIA listed in Hong Kong is expected to raise from
150 to 20,000,000,000 U.S. dollars. Analysts believe that the relative market, the overall sale of the AIA Prudential enable AIG to raise more funds. .
��。.
Prudential for the purchase of 35.5
Billion U.S. dollars, including 25
Billion U.S. dollars in cash, the company would share placements by 20
Billion U.S. dollars of transactions and the issuance of five
Billion U.S. dollars de
bt priority for raising the remaining funds. Prudential had already said it would proceed with the listing in Hong Kong, 20
Billion U.S. dollars of allotment issues. .
��。.
The Prudential Group as listed in Hong Kong will not issue new shares, market participants said investors want to be if Prudential shareholders, it must be purchased in the secondary market, in the "adequate" in the case, is expected to Prudential Shares in Hong Kong will be sought after. Prior to introduce the form of listed companies in Hong Kong, there are a few because the shares Gongyingbuzu, appeared listed on the first day Gujia large increases. .
��。.
According to British media reports, the Prudential Group, responsible for underwriting the listing from the London market, is planning to buy up to
10% of the shares of Prudential, Prudential to ensure there is enough time in the Hong Kong-listed shares of stock to meet transaction. .
��。.
Prudential To develop the Asian market. .
��。.
Prudential in March announced the acquisition of AIA, the leap to b
ECOMe the largest foreign insurer in Asia. Prudential CEO
Balisidu Asia, said this acquisition is to develop the Asian market, the next group goal is to increase the number of agents in Asia to
100 million or more, and will be the Asian
headquarters in Hong Kong. .
��。.
Balisidu that Prudential has been more emphasis on insurance business in the future will be a balanced development of various services, including tr
ADItional insurance, investment-related insurance and health insurance. Two similar corporate culture, the two brands are very influential, Prudential and AIA combined brand will be retained. Group will be reasonable management, and encourage appropriate competition, while allowing agencies and clients select produ
CTS. .
��。.
He also noted that the Asian market penetration and life insurance remains low compared to western countries. Western countries, the proportion of insurance accounting for up to
15% of GDP, compared to 9 in Hong Kong. .9%, Countries such as Indonesia and Thailand,
only 1% of the market still has a lot of room. Currently Prudential and AIA agents in the Asian market a total of about 700,000, the future will continue to expand the distribution of power. .
��。.
Balisidu said the company would develop the Mainland market, the market expected in the next 5-
10 years than the Group's overall business
Operations will develop
FASTer. As the Mainland China market does not allow a company held by two security license, for the treatment of post-acquisition AIA "dual license" problem. He said: "We are discussing with regulators the Wen Ti, Wei Lai hope in a few weeks of months." Bao Cheng Muqianzhuyao through the joint venture and CITIC Jituanchuangli company Prudential life insurance group business in the Mainland,
Jing Ying, Er AIA Ze yes Mainland Zui Da foreign insurance companies. .
Shenzhen Stock
Exchange in all future? what is certainly the fragmentation of the Hong Kong and Shanghai, Tianjin branch off may participate in the future may just south of Hong Kong, Shanghai, Tianjin in North China East China in those three countries financial tr
ADIng center, Beijing, Shanghai (concurrently), the three financial centre! Shenzhen similar to Tianjin Binhai such role Oh, upstairs sleeping slowly, don't be. Discover Gold's brother is quite humorous, HA HA. Hong Kong Bulletin: the 20
10 urban competitiveness blue book show Guangzhou is f
ADIng.
Hong Kong Ta Kung Pao News. .
��。.
20
10 "competitive city." .
��。.
Guangzhou
DECline. .
A number of important indicators.
Are outside the country even
10. .
��。.
20
10-04-26. .
��。.
Chinese Academy of Social Sciences held a "20
10" competitive city "Release & Conference competitiveness of Chinese cities" and to "competitiveness - with the city and country retreat" as the theme, major cities in China in 20
10 the competitive situation to discuss analysis of the Chinese Academy of Social Sciences Ni Pengfei,
head of urban competitiveness discussion group, said in 2003 we released the first report, released this year, we
Started the eighth report. This year's background should be based on 2008, then the global financial crisis, China faces structural changes to enhance the international status of Chinese cities, while the pattern of the competitiveness of the important changes have taken place. .
��。.
"Report" that the most competitive in the top ten cities are:. .
��。.
Hong Kong, Shenzhen, Shanghai, Beijing, Taipei, Guangzhou, Tianjin, Kaohsiung, Dalian, Qingdao. .
��。.
Shenzhen, mainland China, the fourth consecutive year the first urban competitiveness. .
��。.
Report editor, Academy of Social Sciences Research Center of Urban and competitiveness, said Ni Pengfei, director, the top ten overall competitiveness index certain changes occur in five years, ranking
FASTer progress in Dalian, Qingdao, Tianjin, Tianjin, in particular, has been directly force in Guangzhou in 2005, ranked
15th in Tianjin, Guangzhou ranked No. 8, now sixth in Guangzhou, Tianjin, has been ranked seventh. Guangzhou should have a strong sense of crisis. .
��。.
Economic efficiency, competitiveness of cities in the top ten:. .
Hong Kong, Taipei, Kaohsiung, Hsinchu, Taiwan, Taichung, Macau, Shenzhen, Dongguan, Dongying, Tainan.
. .
Development cost competitive top ten City:.
Haikou, Bozhou, Sanya, Hong Kong, Chengdu, Xianyang, Suizhou, Changde, Changchun, Keelung. .
��。.
Industry-level competitive cities in the top ten:. .
Hong Kong, Beijing, Taipei and Hsinchu, Taiwan, Shenzhen, Shanghai, Kaohsiung, Taichung, Keelung, Tainan.
. .
Income level of competitiveness in the top ten cities:.
Hong Kong, Macau, Shanghai, Shenzhen, Taipei, Beijing, Hsinchu, Xiamen, Kaohsiung, Ordos. .
��。.
. .
The reporter learned from the report, the competitiveness of economies, has b
ECOMe the fifth into Guangzhou's top ten key in.
Economic efficiency. .
Development costs,.
Industrial level,. .
Income levels.
Other indicators are in the
10 away, Comprehensive Growth Competitiveness is routed to the first
165. .
The various indicators in Guangzhou, showing signs of
DECline in Guangzhou.
. .
Experts said.
. .
Guangzhou industrial structure, there are too few private enterprises, foreign companies rely on heavy,
INNOvation and high technology, financial industry can compare with many first-tier cities, these are influence the overall strength of the important conditions.
. .
While Guangzhou GDP ranked third, but le
ADIng Shenzhen Suzhou, and today is not merely to GDP to measure the strength of the city.
. .
Guangzhou community questioned this, Guangzhou is the Ministry of housing of Center City, how can so many indicators in addition to the national ten?.
. .
Expert reminder:.
. .
Central to the Center City and no clear conclusion, with respect to the Housing Ministry of planning's "Center City" is not a specialized scientific conclusions drawn by the judges, but also just in the planning of the remainder of the tens of thousands of small parts, Center City is more departments together by the State, rather than delineating the Housing Ministry to hasty conclusions, Guangzhou housing should not be part of this conclusion too seriously.
. .
Guangzhou should actively adjust the industrial sector, to the city, Shanghai, Shenzhen and other advanced learning, independent
INNOvation, and this is the core of the Guangzhou development.
. They continue to dream it, their flaws are what doomed them to do it. Ha ha! If the King brothers to come to the central United States might even have a meeting now without leave their home, and pity. Back upstairs, I do not know which city you? All my haste, all the established routes, arranged a very full, very difficult to leave the line somewhere, or even want to go to a city to see the Boston University have missed a visit. The other, the posts
only to the Hong Kong Stock
Exchange observed a number of recent efforts, there have been some laudable I think the momentum, please stop to the lead up to the struggle between Guangzhou and Shenzhen. Hong Kong and Shanghai can be "win-win." .
�� 。.
Former Hong Kong Stock
Exchange (HKEX) chairman Edgar Cheng. .
��。.
As a financial center, Hong Kong remarkable growth over the past
10 years, said it worried about their future, may sound strange - especially given Hong Kong last year's successful victory over New York and London, won an initial public offering (IPO) transactions for the world title. .
��。.
However, at present, people are obviously nervous about the rise of Shanghai and anxiety. In China, the world's most dynamic economy, Shanghai has b
ECOMe a major financial center of China, it is no secret of his desire to regain international status. The local concern is so obvious - or rumors of such, so that Hong Kong officials to persuade Beijing to request a delay or cancellation of the Shanghai Stock
Exchange plans to set up an international board. Shanghai's international board may be currently listed in Hong Kong to attract "red chip" companies (and others) to the public.。.
. .
I think that some of these concerns. China stock market matures, coupled with China's huge domestic savings, will enable Shanghai became "China's New York." Hong Kong should accept this reality, and for himself. For example, to encourage enterprises in their international Board listed. Past strengths is that it has to be flexible and adapt to changing environments.
. .
In the securities field, which means that the development of new services and produ
CTS, combined with the development of the Chinese market. For example, the
1990 's, when the
DECision-makers want to Beijing through the marketing of State-owned enterprise restructuring, the Hong Kong stock market has created a new momentum. Hong Kong help provides a set of trying to solve this problem through the listing, but a
NECessary requirement for listed companies comply with the requirements of international investors. At present, the Hong Kong stock market 2. market value of .3 trillion 60%, 70% of the turnover comes from the Mainland enterprises. At present, the Hong Kong stock market tr
ADIng volume is 50 times higher than in
1990, this is an amazing growth.
. .
How to reproduce this brilliant? I would like to emphasize that, in the following three aspe
CTS are in the best position to meet the increasingly complex demands on the Mainland. First, the development of RMB-denominated financial produ
CTS. China in the next few years, is one of the goals of the progressive realization of the Renminbi internationalization. Hong Kong, mainland China and the global currency market between a natural "buffer zone", the continent where you pilot. The Chinese Government has taken some measures, such as selection of Hong Kong as the first foreign currency trade settlement Center, as well as the release of RMB-denominated bonds, etc..
. .
Secondly, we should strive to be derivative financial produ
CTS and commodity tr
ADIng risk management centre. Hong Kong has a large number of international risk management experience in the financial market professionals, have withstood the test of time clearing and settlement system, as well as powerful and mature banking system. At present, the Mainland enterprises to carry out cross-border transactions, to go to Chicago and London. Using our
Exchange, and in Hong Kong, will certainly be better, this will be their international counterparts to provide the
NECessary confidence.
. .
Third, in asset management and wealth management areas, there is more
OPPOrtunity. Our asset management business reputation, mature and highly developed. Currently manages the investments of $ 7500. China Fund management industry is still in its infancy. China needs to diversify their investment channels to alleviate the large foreign
Exchange reserves and the pressures of domestic savings, they are likely to hasten the foam. Hong Kong's asset and wealth management companies, which play a constructive role, and the space is clear pro
Fit.
. .
In addition to these three ways, we still have some other methods that you can enable it from the Mainland to the bene
Fit of natural evolution. Therefore, the emergence of Shanghai, far from being a threat to the future, but help to establish the status of Hong Kong.
. .
For old broad, and I hope that can truly b
ECOMe a global financial center and keeping promise.
. .
But the problem is that the previous Trade Center, and then is the financial centre, from the beginning of the TG product of policy failure.
. .
Frank is the UK's wisdom and efforts of the people of Hong Kong and the Hong Kong had nothing to do with today's achievements in Basic.
. .
Nothing new, not one country, two systems, Hong Kong does not integrate into the future of broadcasting, not
only getting worse.
. .
Do not accept the terms of article 23, Beijing wholeheartedly support Hong Kong as a truly international financial centre.
Even the doors are not. .
��。.
National People's wealth is not half-hearted small merchant to take care of Hong Kong's. .
��。.
. .
��。.
. .
Malaysia, Singapore was kicked out when not is good. Maintain independence, Shenzhen is definitely positive. If the change in Hong Kong Shanghai, Kunshan, then change it in Shenzhen wait. Agree with promising ideas to this stage, to maintain the independence of Hong Kong or better. To integration, economic market forces to promote the integration automatically. As for the others, learn from each other's strengths is the best, and not
NECessarily together. I think that rare time with the same views. Maintain the independence and uniqueness of Hong Kong, Hong Kong and even better on the country. .
��。.
Such as China, not
only foreigners, Chinese people themselves do not
Trust the rule of law in China. Integration with the Mainland, Hong Kong, the more affected by the abuse the greater the likelihood the mainland. On the contrary, the rule of law worldwide, there are free, are confident and assured. .
��。.
In the foreseeable future, Shanghai, Hong Kong can not achieve the rule of law and freedom of environment. Hong Kong is that the rule of law and freedom of Hong Kong as a financial center that is completely, thanks to Beijing's point of view, at least for a trade center trade center some how confused. ZT from the Shanghai international financial center, how far? . .
The financial times · Robert Cookson.
. .
��。.
Over the past month, China announced a series of market reforms, in order to be more close to London, New York and the Chinese "special administrative region" of Hong Kong's stock market. .
��。.
After years of planning and several "
Starting gun" wrong ring, the Chinese regulatory authorities finally launched a financing, short selling and stock-index futures - which three tools will help traders to pro
Fit in down markets and up to two . .
��。.
These reform measures is not
only a milestone of China's capital market event, or for the realization of Shanghai in 2020 as an international financial center for the introduction of the latest move. .
��。.
For most financial professionals, Shanghai in the
DECade to the idea of words against Hong Kong or London is absurd. .
��。.
First, China is basically isolated to international financial flows - in China, before giving up strict capital controls, this situation will not change. Equally important is the lack of foreign investors in Shanghai can rely on an independent legal system. .
��。.
Despite these shortcomings, but people should not be underestimated Shanghai. .
��。.
France futures broker Newedge in Shanghai Representative Dean • Erwin (Dean Owen) said: "I think more than 5 years in Shanghai may be in London." Newedge and China CITIC Group (Citic Group) formed a joint venture. .
��。.
Owen said: "One important reason is that compared with the United States, China is a centralized government, to carry out policy
DECisions very
Quickly. They set themselves a 2020 target, they would achieve this goal, the slightest No dou
bt. ". .
��。.
Shanghai in the past
10 years, much progress has been made. By market value, it has the world's second largest stock market, second
only to New York. .
��。.
Shanghai has also b
ECOMe the center of the mainland of other financial activities, including inter-bank lending, bond tr
ADIng and foreign
Exchange transactions. .
��。.
However, despite the established financial center in Mainland China, but Shanghai's role in international finance is still minimal. Allow foreign institutions to participate in the national financial system or domestic institutions to invest overseas, the Chinese mainland regulators to move slowly. .
��。.
According to a major global financial center definition - foreigners choose to trade with other places where foreigners - to judge, Shanghai is still the
Starting point. .
��。.
Shanghai to think about the challenges Hong Kong and Singapore in 2020 a regional financial center (without Ti Lundun or New York), regulatory bodies will be
NECessary to move much
FASTer than in recent years. .
��。.
To the stock market as an example. In 2003, China launched the Qualified Foreign Institutional Investors (QFII) system, allowing them to buy shares in Mainland China. But seven years later, China approved QFII investors less than
100, given the amount of investment of less than 200
Billion dollars. .
��。.
Of course, financial liberalization, the policy-makers have every reason to be careful. In
1995, bond futures market was established
only two years after the crash occurred because of lack of supervision led to the crazy market manipulation. .
��。.
Care reform is to promote China's financial system is relatively unaffected as a global financial crisis cause. .
��。.
Few people believe that the Chinese government will rush to open its capital account - which is Shanghai to b
ECOMe the primary conditions of international competition. Officials said the goal is to improve the convertibility of the renminbi level, but they have little information on how or when the details of achieving this goal. .
��。.
Legal system is another major obstacle. Experts said that a mature financial services industry needs a more transparent, predictable and fair legal system. .
��。.
UK law firm Lovells (Lovells) Shanghai office partner Majin De (Douglas Clark) said: "China is still catching up, so that their legal system to achieve the level of the market economy." He believes that the goal in 2020 is a "fantasy . " .
��。.
Hong Kong as a global financial center and an important reason, is the former British rulers established a sound legal system. .
��。.
Majin De said: "China needs time to develop over
10 years of handling complex (financial) capacity to the case.". .
��。.
In addition, Shanghai experienced a lack of financial professionals - this is the lifeblood of all financial centers. Shanghai Municipal Government is working to recruit overseas trained professionals, provide tax relief to attract top talent. .
��。.
Accustomed way of life in Hong Kong or New York but professionals may need some convincing. China has a punitive 45% personal income tax, but can not provide the same level of education and medical services. .
��。.
Finally, there may be a
DECade Shanghai wants to b
ECOMe a truly international financial center, China needs with unprecedented speed to change their economic and legal system. .
��。.
If the Chinese government's 2020 deadline is serious, then it ready for the process of turbulence it. .
NI Pengfei pointed out that, overall, very strong, the competitiveness of Shenzhen in competitiveness and economic competitiveness, economic efficiency and competitiveness, industrial level of competitiveness, and income level competitiveness indicators for the four points are the highest in the nation.
. .
"
INNOvation is the competitiveness of cities and urban soul, can bring to the city of surplus value of income and welfare. "In particular, he pointed out that the
INNOvation has b
ECOMe the" soul "in Shenzhen, Shenzhen
INNOvation environment competitiveness ranking first in the country,.
. .
Among them,.
Atmosphere of
INNOvation in Shenzhen ranks first in the country. .
The third
INNOvation, the environment.
Degree of scientific and technological resources, information infrastructure, fourth place. .
��。.
In recent years, rapid development of high-tech industry in Shenzhen, which is the strongest advantage of Shenzhen, Shenzhen is also the future development direction. .
��。.
He suggested, high-end strategy should b
ECOMe Shenzhen le
ADIng the path to the future strategy, Shenzhen should be aimed at affecting the global economic, technological, Wenhua current and future development of the most critical areas, Zhongdian development, to achieve and maintain a first-class, led Shenzhen Quanmianchixu Fanrong. .
��。.
. .
The competitiveness of the city "comes from urban talent competition, competitiveness is originated from the urban educational competitiveness and competitiveness are concentrated in urban education reflected the city's higher education competitiveness. ”。.
. .
NI Pengfei, Shenzhen has noticed this problem, the planning of the University of the South will provide for the future development of Shenzhen. Want more establish Shenzhen future could contribute to the development of carrier and Shenzhen platform including Shenzhen development location directly related universities, research institutes, laboratories, attract more top-end elements and high-end talent, build a global science and technology
INNOvation centre.
. .
With the deepening of economic glo
Balization, the global city metropolis. Shenzhen and Hong Kong have both the differences and similarities, many indicators, this is a very powerful proof of strength. Because of the two cities in geographic proximity, in addition to their conservation and enhancement of such advantages, should further strengthen
Exchanges, co
Operation and integration.
. .
He suggested that the Shenzhen and Hong Kong, should b
ECOMe a global city, and the "one", the construction of Shenzhen City.
ZT mainland fund companies to enter Hong Kong. .
Author: Cameron • Dick as the financial times writes.
. .
A small amount of China Fund management companies are bringing their expertise in the Mainland of research available to international customers, and through the opening of a branch in Hong Kong, took a broader international expansion plans in the first step.
. .
Over the past
18 months, there have been six companies o
btain permission from the regulatory authority of Hong Kong, it is expected that more companies will soon join their ranks. There are a large number of mainland company to be done, to the International Fund for the incumbent company constitute significant competitive threats. However, in selling to foreign investors in China investment proposals, the European or American fund companies when competing in a dominant position.
. .
"Our internationalization process is
Started, but the territory adjacent to the Mainland, and in fact is part of China, so this is a very natural choice," harvest international asset management co., Ltd. (Harvest Global Investments) Chief Executive official beauty LAU (Michele Bang). "Our strategy is to b
ECOMe China's stock and the Asian asset category field individually on the Fund. ”。.
. .
Deu
TSChe Asset Management (Deu
TSChe Asset Management) the holders of the parent company of the fair international China 30% stake in the new s
UBSidiaries in Hong Kong in September 2009 the establishment will be part of the Fund and the Manager into a new company. The new s
UBSidiary management assets for more than 20
Billion, and has a
Fixed customer base.
. .
Clifford Chance LLP (Clifford Chance) partner Jimmy Tianyue (Matt Feldmann) said that the majority of the Chinese mainland companies are creating a private equity fund to invest in the Mainland, as well as local clients, asset management services, and
Operation of local retail Fund, and qualified domestic institutional investors (
QDII) product to assist to the parent company –
QDII produ
CTS for the Chinese mainland investors with investment
OPPOrtunities in international markets.
. .
But more importantly, a s
UBSidiary of Hong Kong can provide them with an international customer service experience and a more diversified product composition.
. .
"On some of the company, if the Commission (SFC) of licences, foreign regulators approved it easier," said Jimmy Tianyue.
. .
Mainland analyst tracking many Chinese companies to red chips (non-Mainland companies) or h-shares (registered company) tr
ADIng on the stock
Exchange of Hong Kong, Hong Kong China Fund company established the first international offices of natural selection.
. .
"Clearly, the Chinese mainland company to enter the Hong Kong is the Fund for the future in China, the Asian equities asset category and
INNOvate, because that is our strength. Regardless of whether they are trying to invest in the Mainland of China qualified foreign institutional investor (QFII) funding (QFII proje
CTS allow foreign investors to buy in the mainland stock
Exchange of A stock), or an attempt was made to move towards
QDII funds overseas, our business model will enable China Fund companies useful Wu, "beauty LAU said.
. .
These s
UBSidiaries have a long way to go to meet the standards in the field of competition QFII produ
CTS: QFII
Operations require fund company at least 5 years experience in asset management and the management of the assets of not less than $ 5
Billion.
. .
However, the
Operations in Hong Kong may help them to get the amount of global fund QFII companies selling their own research capacity.
. .
"The global fund companies, if they want to focus on China and Asian stock markets, but not particularly familiar with the area, you must consider how to strengthen its research capacity," beauty LAU said.
. .
Mainland companies join to the Hong Kong investment fund sector brought change. To date, the Hong Kong investment fund industry has been trying to find in the Mainland of China's le
ADIng foreign companies.
. .
"Information needs may change that they face issues and questions will be different, even the language is different," the Hong Kong investment funds
Association, CEO of Wong Wong Chee Ming (Sally Wong). "Therefore, in addition to more basic general services, in the management of constantly changing market situation and to identify priorities, we must b
ECOMe more versatile. ”。.
. .
In 2003, the Mainland and Hong Kong closer economic partnership arrangement (CEPA) approved the financial professional standards, making China Fund companies easier. In May 2008, the China Securities Regulatory Commission began to mainland's top fund company licensing, allowing them to expand overseas.
. .
"Not everyone can get the license. The Commission to ensure that the company's strength, good records, because they do not want to see the fund company in overseas in scandal, "Universal Fund management co., Ltd. (China Universal Asset Management), General Manager of the high health (Sheldon Gao). The company in February this year has s
UBSidiaries in Hong Kong.
. .
"We hope that the Hong Kong as a platform to build our investment team that gets more internationalization capabilities and experience. In this con
NECtion, the ratio is the sum of the Shenzhen Shanghai or many. Enter Hong Kong allows us to better understand the global market, "added health.
. .
He said that the company's first goal is to establish a Fund for the Hong Kong stock, on sale for global institutional investors, but he hoped that the Mainland final approval of the supervisory authorities could be on sale for overseas investors Fund of RMB.
. .
"All set up a s
UBSidiary company of the Fund, including the US, lobbying, regulatory bodies in carrying out more business. At present we can
only Operate Hong Kong equities Fund, but we certainly hope to be more productive, "said health.
. .
Many banks, for example China International Capital Corporation Limited (CICC) and China Construction Bank (CCB) of the Investment Bank of CCB International (CCBI), or have been carried out in the Fund management business in Hong Kong.
. .
Although universal, opened Hong Kong Branch of great significance, but when it comes to the Mainland in a short period of time can cause international influence, climax or very realistic.
. .
"We know our shortcomings. Our investment in Hong Kong Limited, because we are concerned
only with H-shares and stocks, we do not have the effect of the brand, and we have no permanent record. ”。.
. .
"We are
Starting from scratch, you need more time to get the experience. First, twenty years later, I think we can change the market, but not now. ”。.
. .
Clive Crook.
. .
In Hong Kong have three accounts, Cit
IBAnk,
HSBC, Bank of China International, an easy to use.
BOC International, said the person with the last transfer is much less convenient for mainland securities firms, the other just to say we are not the same as with Mainland companies and then hung up. .
Hong Kong's financial industry (also includes so-called high-end service) and Hong Kong during the last century, also is to account for the Mainland's external channels of cheap, if you let go of the Mainland financial enterprises, Hong Kong's financial soon is a
Death. ZT's Central Bank will open by the Hong Kong to Taiwan for RMB business.
. .
(Hong Kong/Beijing comprehensive hearing) people's Bank of China (mainland China's Central Bank) would be through the opening RMB business liquidation services.
. .
Zhou xiaochuan, Governor of yesterday with the Bank of China (Hong Kong) co., Ltd. (BOC Hong Kong) was signed by the Chairman of the Board are on the RMB business liquidation agreement authorizing the BOC Hong Kong to Taiwan for RMB business clearing bank (Bank Clearing).
. .
Against the RMB clearing service, press spokesman for China's Central Bank said yesterday that,
According to the signing of the 2009 cross-strait financial co
Operation agreement, both sides agreed that the commercial banks and other appropriate institutions, through appropriate ways of handling cash, supply and return business. S
UBSequently, the people's Bank of China and Taiwan, in consultation with the Hong Kong RMB business platform to provide clearing services for RMB, and received the support of the Hong Kong Monetary Authority.
. .
Under this arrangement, the people's Bank of China authorized BOC Hong Kong to Taiwan for RMB business clearing bank, responsible for licensing to Taiwan, Taiwan, Hong Kong Branch of commercial banks (i.e. cash business line) with cash, and other related services. Taiwan licensed financial institutions you can with these banknotes business line of Taiwan paralleled RMB sale. In order to provide our customers with local personal RMB
Exchange services.
. .
Monthly demand in Taiwan.
. .
Between the tens of millions of dollars to
According to incomplete statistics, Taiwan Yuan per month on average between tens to hundreds of millions of dollars in demand, new supply will improve Taiwan's local currency, in short supply, etc..
. .
. .
.
The timing for the mainland to Taiwan, the RMB deposits, remittances, trade settlement and other services, the spokesman said the two sides still need further consultations. . .
Yesterday, also known as the Hong Kong Monetary Authority, to facilitate the
Operation of the arrangements, the people's Bank of China and Hong Kong RMB business liquidation row handle RMB business signed a co
Operation memorandum. Hong Kong RMB business liquidation will be posted and cash business lines related to the agreement was signed.
. .
HKMA indicated that this arrangement shows Hong Kong's clearing platform functionality, further established Hong Kong as a pioneer of RMB platform advantages.
. .
HKMA pointed out that Taiwan has 20 Bank has branches in Hong Kong, but can be implemented in RMB
Exchange Bank, still waiting for the Taiwan side selected.
ZT Brazil farm developer to be listed in Hong Kong. .
The financial times Tom · Mitchell ·, Robert Cookson story of Hong Kong.
. .
Jacob · Ross schweichild (Jacob Rothschild) support for a land development company is expected to b
ECOMe listed on the stock
Exchange of Hong Kong's first Brazilian company, the company has attracted some business Tycoon for investment in Hong Kong.
. .
Agrifirma Brazil buy bushes and forest land into agricultural land. The company has so far financed
1. .79
Billion, including the latest from Hong Kong two major corporate giants – Raymond (Raymond Kwok) and Fu houze (Adrian Fu), as well as investment group investment Lake House.
. .
"China's own lack of agricultural land," Hotel developer Fu houze said. "Ultimately, China will have to go overseas purchasing crops. "Raymond family control over Hong Kong's largest real estate developers, SHK (Sun Hung Kai Properties).
. .
"Gradually, rich in the developing world will lead to food price inflation," Agrifirma, Chairman of the Permanent Mission of Brazil in London Ian ·
Waterson (Ian Watson) added. He pointed out that Brazil has
14% of the world's fresh
Water resources, China's large population in the
Northern provinces of long-term drought. The "export of agricultural exports are in fact. ”。.
. .
Waterson last week and the Investment Bank, the Hong Kong Stock
Exchange officials and zhongguotouzigongsi (China Investment Corp, "vote"), and other Asian sovereign wealth fund met. Last year, CIC invested $ 8. acquisition of .56 to Po Group (Noble Group)
15% of the shares, the transaction underlines China's concern about food security. Bora group is a company
headquartered in Hong Kong's commodity dealers.
. .
Agrifirma Brazil next year initial public offering (IPO) and then raise $
1 million to 2. "2008 and 2009 market a bit, but now we are ready to promote," an entry on the Lake House Agrifirma Board of Directors said.
. .
Agrifirma Brazil has in Brazil Bahia (Bahia), purchase of 6 million hectares of land, and plans IPO before it lands $
10 million hectares. The company's acquisition of bushes per hectare of forest land to spend about $ 2300, then converted into farmland.
. .
Exchange tr
ADIng hours to synchronize with the Mainland of China.
British "Financial Times" • Tom Mitchell in Hong Kong reported. .
��。.
The world's largest
Exchange market in Hong Kong
Exchange (HKEx) new chief executive, Charles Li (Charles Li) that the HKEx is as expected, to adjust the RMB internationalization, and that the transaction time with the Mainland
Exchange consistent. .
��。.
Charles Li said: "The renminbi-denominated produ
CTS is the future lies, no dou
bt about it." He expe
CTS the yuan investment for more produ
CTS in the market demand and the cautious regulatory agencies in China, there will be a "tug of war game" . .
��。.
Mainland China and Hong Kong enterprises have been approved to issue Renminbi bonds in Hong Kong. China A-share market is also linked to HKEx tr
ADIng
Exchange-traded funds. However, the Chinese government has so far not been authorized for issue in Hong Kong's yuan-denominated
Exchange-traded produ
CTS. .
��。.
Hong Kong-listed Chinese companies accounted for nearly 60% of market value (
10 years ago this proportion was 20%), more than 80% of the funds through an initial public offering (IPO) to raise. .
��。.
They can
only be raised in the local stock
Exchange to the dollar, and
only approved by the Government to remit the proceeds of the issue back to the mainland, into RMB. Charles Li said: "At present one can
only use of renminbi in China, which is the bottle
NECk. We will work with regulators and policy makers to co
Operate in order to be able to remove these restrictions.". .
��。.
Charles Li oc
Casion of the statement issued, the HKEx reported first half pretax pro
Fit rose 4% to 2.7
Billion Hong Kong dollars (3. .476
Billion). .
��。.
HKEx has surpassed the United States futures
Exchanges and clearing organizations carriers Chicago Mercantile
Exchange Holdings (CME Group), the world's largest
Exchange (market value of listed companies in
Accordance with its terms). Speed up to attract "high frequency" and the oc
Casion of algorithmic tr
ADIng institutions, together with HKEx and other
Exchanges in Asia, announced plans to upgrade tr
ADIng systems. High frequency and algorithmic tr
ADIng
Exchange tr
ADIng activities in the West to occupy a large proportion. .
��。.
. .
Hong Kong Stock Exchange to retrieve End of the World Financial Center feeling _ blog _ knowledgeable people on this _ End of the World Community