Archive for the ‘Hong Kong’ category

Vanguard Announces New Head of Asia Pacific Investments

February 11th, 2014

Vanguard, the U.S.-based global indexing firm, recently announced the appointment of a new head of investments for the Asia-Pacific region. Rodney Comegy, who previously served as head of index analysis and ETF trading in Vanguard’s Pennsylvania office, will be replacing Gregory Davis in Melbourne. Through his new role, Comegy will also be heading the company’s equity investment group Asia Pacific.

Tim Buckley, chief investment officer at Vanguard, explained that the firm’s investment management business has undergone several changes over the past few years.

“Our appointment of Mr. Comegy reflects our adoption of a global strategy that aligns and integrates our investment functions worldwide,” Buckley explained. “As a result, Vanguard will be better able to leverage its significant resources and deliver the best possible outcomes for investors.”

Gregory Davis, who previously headed the Asia Pacific investment office, will now return to the United States to serve as global head of the company’s fixed income group.

 

Dollar Rises in Asia After Federal Reserve Announcement

July 18th, 2013

US Federal Reserve Chief Ben Bernanke recently announced that the bank’s easy money policy will remain as is until further notice. The dollar rose in Asia as a result.

According to Inquirer.net, the dollar “changed hands at 99.74 yen in the morning, up from 99.60 yen in New York on Wednesday, while the euro fetched $1.3111 and 130.77 yen, against $1.3125 and 130.73 yen.”

On Wednesday, Bernanke explained that the central bank intends to reduce its stimulus program only after seeing continues economic improvement.

“I emphasize that, because our asset purchases depend on economic and financial developments, they are by no means on a preset course,” he said, adding that the economy is in fact growing at a moderate pace with signs of additional strength in a number of sectors.

SMBC Nikko Securities’ Hiroichi Nishi said: “Bernanke’s words were nothing new, but did have a calming effect for those still harboring jitters about a near-term end of the U.S. easing policy.”

Zarsha Leo Takes Root in Hong Kong

February 18th, 2013

Zarsha Leo, a trendy restaurant-bar franchise based in NYC, has been expanding internationally over the past year. CEO Evan Burschkopf has revealed that the chain hopes to reach more than 10 new locations before next holiday season.

“One of our newest branches is in China,” Burschkopf said.

“Chinese food is extremely popular amongst Americans, and we’ve found that American food has a similar impact in the Chinese food industry. We make sure to offer all of the traditional American dishes, including hot dogs, onion rings, burgers and buffalo wings, and have found them to be incredibly popular in the region. Our classic menu, combined with an authentic American ambience, creates an exciting getaway in the center of Hong Kong.”

Seth Fischer: Hong Kong Investment Opportunities

January 20th, 2013

Recent news in the field of investment capital is extremely positive for Hong Kong.  There are various interesting investment opportunities that boast solid return profiles, attractive to potential investors. For those looking to benefit the environment for example, recent opportunities include investing in clean technology companies in China, in particular those that could help to reduce air pollution in the long-term.  This follows recent news of the polluted air in Beijing that became hazardous.

Northern Light Venture Capital, a firm based in China, also recently announced that it is beginning to target air-treated companies.  It is now thinking about investing into Beiang – a Chinese air-purifier company.  The goal is that this will be able to remove inhalable particles.

Educational Opportunities for Hong Kong’s Business Community

November 13th, 2012

Hong Kong has a vibrant international community. The landmass is densely populated and the market is flourishing. Companies from all industries have taken special interest in the region, resulting in the relocation of thousands of businessmen. Today, Hong Kong is 95% ethnic Chinese and 5% other groups.

Entrepreneurs, bankers, salesmen and many others have taken residence in the city. Many are accompanied by their families. As a result, schools have been established to meet the needs of these foreigners. One such example is the Carmel School Association which includes a high school, elementary school and nursery school. The school board members include Jeremy Amias of Amias Berman & Co., Eliad Cohen, Mark Konyn and Seth Fischer of Oasis Management. The Carmel School Association focuses on two second languages: Hebrew and Mandarin.

Another such school is the Canadian International School of Hong Kong. Located in Aberdeen, the schools educates more than 1,800 children from over 40 nationalities. CDNIS students are also taught Mandarin as a second language. It has been listed amongst the Top Ten Private International Schools in Hong Kong.

In 1986, the American International School was established in Hong Kong. It was initially founded under the name California International School. In 1996, it became a non-profit institution and changed its name. AIS educational program is suitable for students up to grade 12, and is accredited by the Western Association of Schools and Colleges.

Asia’s Art Market Expanding

October 10th, 2011

Finally it seems that Asia’s art market has recovered, along with the rest of the world’s art market that was suffering from the recessional issues.  It is Beijing and Hong Kong that is now really enjoying a comeback.  Although it is true that the art market did suffer somewhat, this was relatively minimal compared to other markets that really took their toll during the recession.  However, on this matter there would be disagreement from the European Fine Art Foundation which claimed that indeed the global financial crisis was very influential vis-à-vis the global art market.

According to Artability Art & Collection consultant, Zhan Xuhua, “the credit crunch really affected the art dealing industry.”  He pointed out that consumers even managed to get some famous paintings at discount prices in auctions in 2008-09.  This was paramount throughout the world, from Europe to America as well as Asia (specifically China).

Increased Demand for Art Today

Clearly, one only needs to look at prices of artwork to see how far the market has come.  Art is definitely a luxury once more (fewer sales; higher prices) and the fact that there are way more sales taking places also shows that there is no longer a concern that the global art market is going through a recession these days.

Art as Investment

People often purchase art as an investment.  They will choose to buy a piece of artwork to enjoy, but also as an alternative investment to stocks and bonds, etc.  As well, it is often a “safe bet” as it were as like gold, it gives back a steady return and can gain value over time.  Just last year, the Chinese art market did so well that it became an international runner in top art markets.  During 2010, revenues for fine art auctions totaled $3bn (US), higher than the figure for America for the same time frame.

The Rise of Asia

August 23rd, 2010

The stock market in Asia – Pacific region is unique in the world to keep green in most of the trading week , except week session key swing by the action from Europe and America .

As of the week , the index MSCI Asia – Pacific increased 0.4 % to 118.29 points , after declining 3.7 % in the previous week. Index is down 8.4 % from the peak years of the date 15/04/2010 . Shanghai ‘s Composite Index of China increased 1.4 % . Nikkei 225 down 0.8 % in Japan . South Korea ‘s Kospi rose 1.7 % .

Although Japanese economic decline in the second quarter , but the opportunities to create momentum for China ahead . According to data released Tuesday by the Japanese 16 / 8 , the total domestic product ( GDP ) of Japan is 1286 billion dollars , lower than the figure of 1335 billion U.S. dollars in China.

Along with the change of his two economies Japan, China , a number of countries and territories in Asia last week has emerged stronger . Central Bank of Malaysia , Zeti Akhtar Aziz said the country’s economy grew 8.9 % in quarter 2 / 2010 over the same period last year and expected to grow 6 % in 2010.

But according to the statistical offices of Taiwan (China ) , GDP quarterly 2 / 2010 of the area has grown 12.53 % over the same period last year . Quarter 1 / 2010 , the rate of economic growth in Taiwan reached 13.71 % . Taiwan ‘s exports could grow more than 30 % this year .

Thai Prime Minister Abhisit Vejjajiva Monday 20 / 8 expressed confidence that the export sector will help boost gross domestic product ( GDP ) this year of at least 7 % . Mr. Abhisit said Thai economic growth of 10% in first 6 months of 2010 primarily due to strong export growth .

Quarter 2 / 2010 , European economic growth 1 % quarter U.S. economic growth 1 / 2010 the first published data is 2.4 % and could be adjusted downward to 1.4 % last week , can assert Asian economic growth will be the first ship of the global economy in 2010 .

Britain’s Telegraph newspaper recently described a series of statistical data was very positive about the growth of the Southeast Asian country . Accordingly, in 2010, Singapore will achieve economic growth record of 15 % , 7 % followed by Malaysia , Indonesia, Philippines 6.6 % and 6 % .

The newspaper said that following the global economic downturn 2008-2009 , some Southeast Asian countries have recovered quickly . This area is becoming attractive investment in the context of Vietnam and Thailand is rising next to the economy is considered development in the region such as Singapore .

According to the newspaper , the national investment funds and individual investors now want to choose Asia and Southeast Asia to increase investment by the ability to achieve high profits . Last year, Fidelity Investment Fund has spent 25% of investment in Southeast Asia , while Aberdeen and First State Fund respectively for 35 % and 25 % investment in the region.

Meanwhile, today 19 / 8 , the Asian Development Bank ( ADB ) has published a report said the middle class (the consumers from U.S. $ 2-30 per day ) of the rapidly expanding Asia will be able to act as leading consumer and help re- balance the economy .

This report is in a special edition of the main indicators for Asia and the Asia – Pacific 2010 . Accordingly, studies show that Asian consumers consumption around 4300 billion dollars , equivalent to one third of the consumption of industrialized countries ( OECD ) .

Agricultural Bank of China listed A shares to secure this issue price

July 15th, 2010

Agricultural Bank of China A + H shares will be listed in the Shanghai and Hong Kong listing for 15 and 16 days. Investors were worried that stocks were listed below their market value on the first day that the Agricultural Bank issued the price. Head of the office Sheng Chuannong urged investors not to hurry to sell .

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First half of the 178 foreign enterprises to invest in Hong Kong to create 1,980 job openings

June 23rd, 2010

Hong Kong- Since investment has increased heavily in Asia, Hong Kong in the first half significantly increased the amount of foreign investment . Invest Hong Kong announced that the first half of a total of 178 foreign enterprises to invest in Hong Kong or expand their business , not only reached the annual target of 66% , but also the creation of 1980 jobs.

Invest Hong Kong Chief Executive Donald Tsang yesterday  hosted a reception to thank the recent development or expansion of business in Hong Kong enterprises , and about 300 senior officers from different sectors attended . Mr Tsang said Hong Kong 1st quarter of this year’s economic growth rate compared with the same period last year , an increase of 8.2 %, far more than economists expected , also hit 4 -year high . Meanwhile, Hong Kong’s GDP rose 4 consecutive quarters , reflecting the investment promotion agency .

Mr Tsang said that as the tightening of credit funds , and the world ‘s turmoil in the financial crisis , large investment funds transferred to the Asian region and  Hong Kong also benefited .  Invest Hong Kong will control the timing shift of funds , implement a series of measures to improve overall competitiveness , including more countries sign agreement to avoid double taxation , the yuan trade settlement plan , and the advantage  of industry within Hong Kong .

Director of Investment Promotion, Mr Galpin said that the first half of a total of 178 foreign enterprises to invest in Hong Kong has reached full year target of 66% amounting to 3.224 billion Hong Kong dollars , but also for the creation of 1980 jobs.

Mr Galpin said the completion of the first half of this year ‘s investment projects , 39 % from Asia Pacific , 31 % from Europe, North America accounted for 24%. In addition , Invest Hong Kong , India and Russia also have additional professional consultant familiar with the local market to meet the growth BRIC markets .

This year happens to be  the 10 year anniversary of Invest Hong Kong and also  the successful completion of over 2000 projects. Related enterprises investing in Hong Kong have added a total of more than 25,000  Hong Kong  job openings and the total amount of investment in more than 52 billion Hong Kong dollars .