Shanghai IPO Biggest Throughout 2010
Stock Report February 26th, 2010
HONG KONG – Shanghai Stock Exchange is predicted to overtake Hong Kong’s position as the stock issuance of shares of the prime objectives (initial public offering / IPO) in 2010 the largest in Asia.
“Ensure, Shanghai exchanges will beat Hong Kong (Hang Seng) in 2010 as the center of the world’s largest IPO,” said Terence Ho from Ernst & Young yesterday.
He predicted, the number of IPO firms in the stock Shanghai China in 2010 reached $ 55, 7 billion. While in Hong Kong predicted USD44, 7 billion. The 2009 Hong Kong is still the center of the largest IPO in the amount of $ 30 billion.
While Shanghai is only $ 27, 3 billion. Ho said, the amount of interest in the Shanghai IPO to make its status as a world financial center increases. Shanghai dominance over Hong Kong’s only a matter of time.
Sooner or later, Shanghai will take a share of the IPO in Hong Kong. Moreover, the Government of China intends to make yuan exchange rate more flexible to changes in the currency of other countries.
“Internationalization of yuan could threaten Hong Kong because of foreign capital can flow into the Hang Seng. Global fund managers also will increase the percentage of their investment into Mainland China, “added Ho.
Currently China is implementing reform and improvement of capital markets. Some of the new rules issued, including stock index trading, margin trading (margin trading), and short sale (short selling).
Shanghai Stock Exchange also is preparing an international board, which allows foreign companies conducting an IPO in Mainland China. HSBC and the New York Stock Exchange (NYSE) Euronext will be the first stock listed on a stock exchange board of Shanghai. However, Ho admitted if in the short term benefits of Hong Kong is still the attention of international investors.
“In the short term, Shanghai Hong Kong pursue difficult in terms of transparency and liquidity. At present, Hong Kong filled with millions of international investors while Shanghai was filled with domestic investors, “he said.
Ho added, internationalization yuan could become a bridge for China investors to invest into global financial markets. This is a new opportunity for Hong Kong to attract investors to invest in Mainland China Hang Seng.
Critics Quality Analyst Hong Kong IPO
The success of Hong Kong stock exchange for IPOs attract $ 30 billion in 2010 received criticism from analysts. Authority considered sacrificing quality stock to increase the quantity.
One criticism is the securities regulatory approvals and the futures of Hong Kong (SFC) of the IPO $ 2, 6 billion from aluminum giant UC Rusal.SFC set a minimum investment of $ 130 thousand for Rusal to protect small investors.
“It is surprising when SFC approved the Rusal IPO. Rusal’s companies are losing money. I rate the stock and SCF ignores the problem of quality, “said Director of Center for Corporate Governance and Financial Policy of Hong Kong Baptist University Raymond Chan.
Rusal argued SFC is committed to fulfill several requirements, including a positive balance. So, despite not pass the test as a profitable company Rusal IPO still allowed. “Rusal agreed to apply the openness as the main thing and are committed to support a quality market,” SFC spokesman said.
Chang evaluate this policy will be staking his reputation of Hong Kong stock exchange. “Recording of shares in Hong Kong may be associated with low quality,” said Chan.
Concern over the issue of the number of Mainland companies that perform below the standard of openness in 2009 also appeared. “We have a lot of companies below the standard, look at the IPO record of last year,” added Chan.
Several cases of temporary suspension of trading in shares (suspend) Asian Citrus, the plantation companies in Mainland China. Asian Citrus Executive has announced the value of the company. Next, China is doing Zhongwang Holdings IPO more than $ 1 billion in April 2009.
Mainland China Manufacturers of aluminum is one of a prospectus and hiding military relations with China. Last week, claimed to have corrected Zhongwang mistake after hire Ernst & Young.
Then, the case of China the stock price declines Metal Recycling nearly 50 percent. This case prompted the resignation statement of the company’s chief financial officer.
The official could not be withdrawn because the company’s financial data access. Chan said that Hong Kong is a place best IPO companies Mainland China because the rules are more lax than exchanges in other countries, especially compared with Western countries and the United States (U.S.). “We must raise standards to match with other exchanges,” he said.
To overcome it, SFC rules change. SFC focus on corporate directors for the accuracy of information disclosure. But, critics of this effort continues to exist. Especially, lack of rigidity of the rules of the quarterly report.
“Currently, almost all exchanges in Asia requires a good quarterly report,” said David Webb, an independent investor. Webb criticized several parties desire to facilitate the IPO process. “Some people think the easier the better IPO. If so, why not trade on eBay because there is not no rules at all, “he added
Friendster Present Financial Services
Finance February 26th, 2010
KUALA LUMPUR – Long time no heard from, Friendster came back try to make a new breakthrough by bringing a new service called Friendster Wallet.
In presenting this new service, Friendster cooperation with MOL AccessPortal Berhard as a provider of payment services and financial support more than 500,000 channels of payment services in the virtual and physical world.
In its official statement on Friday (16/10/2009), mentions that Friendster Friendster Wallet service has a facility that enables users to different methods of payment with the account replenished by pre-paid cards. They can also do a variety of online payment transactions, such as paying bills or credit card to fill mobile phone.
For example, Friendster users can buy pre-paid cards physical shape at the nearest stores throughout Asia in cash. Users then enter a code to stay listed on the pre-paid cards are then put on Wallet Friendster account.
Later, Wallet Friendster account would be filled with an amount of money in accordance with the nominal listed on pre-paid cards bought. Nominal money on Wallet Friendster account could then be used to purchase various goods, gifts, games, or services on Friendster
Europe Agreed Save Greece
Economy February 26th, 2010
BRUSSELS – After a month of debate, France and Germany finally agreed to rescue the Greeks at the High Level Meeting (summit) European Union (EU) in Germany.
European leaders have agreed to evaluate the rules of the Euro zone by allowing the International Monetary Fund (IMF) provides assistance to Greece. However, the IMF sets out strict rules, especially for Greece which has violated many rules of the Euro Zone.
“Europe and Greece will rise from the crisis with more strength,” said Prime Minister (PM) Greece George Papandreou, was quoted as saying by AFP Friday (26/3/2010).
PM Greece out after French President Nicolas Sarkozy and German Chancellor Angela Merkel was willing to open themselves to rescue Greece.
Despite the agreement, but no announcement details how the funds will be disbursed the EU and the IMF to rescue Greece. Some EU diplomats said loans above 20 billion euros ($ 26, 5 billion). Currently, Greece wrapped 300 billion euros in debt and has an annual budget deficit of the highest.
President of the European Union (EU) Herman Van Rompuy said 16 countries in the Euro zone has been declared a commitment to bilateral loans disbursed as the ultimate assistance if the credit markets dried up. This agreement is a guarantee for the Greek government shareholders that Europe would not “abandon Greece”.
In addition to Greek problem, the government in the Euro zone are asked to set back to prevent the euro value of the currency turmoil and the bond market as happened in Portugal, Ireland, and Spain. Problem Purtugal, Van Rompuy explain different conditions with Greece. In Greece there fraud statistics turned into a crisis.
While Governor of the European Central Bank (ECB) Jean-Claude Trichet assess any breach EU rules will result in very new condition. When asked whether the IMF conditions for Greece could be in accordance with ECB policy, he said if the independence of the ECB can not be violated.
As a result of this agreement, the euro exchange rate down in New York. The euro fell to $ 1, 3277 at 22:00 GMT from the previous day’s position in the $ 1, 3315. “Investors are not satisfied (with the EU agreement),” said research director of the Global exchange rates Forex Trading Kathy Lien
LG & Zong Help Provide RIM network in Pakistan
Portfolio February 20th, 2010
JAKARTA – along with Alactel Luncent Zong announced the launch of the BlackBerry solution in Pakistan. By using BlackBerry, Zong customers can send and receive email wirelessly, menelfon, browse the internet, send short messages (SMS) and access various applications and the company’s lifestyle while moving.
Initially, the Zong will offer the BlackBerry Curve 8900 and BlackBerry Bold and BlackBerry Internet Service option, or BlackBerry Enterprise Server. BlackBerry solution will be obtained immediately by Zong Credit Package, which provides monthly payment options to meet the needs of its customers.
Alcatel Lucent’s experience in managing the delivery, integration and deployment of technology solutions
Blackberry will allow Zong to focus on providing consumers need to meet market demands.
“Zong is committed to providing innovative services while expanding portfolio of advanced telecommunications sousi,” said Salman Wassay, Chief Marketing Zong, through its official statement on Thursday (21/12/2009).
“This is a dynamic time for operators such as Zong, who was eager to take advantage of the market to provide application
Convergent and equipment to expand and enrich their service portfolio, “said Nicolas Bouverot, Alcatel-Lucent Chief Middle East.
Zong offers BlackBerry Enterprise Server for corporate clients, a solution that integrates with IBM Lotus Domino, Microsoft Exchange and Novell GroupWise and works with a system capable of existing companies to enable wireless access to email and other corporate data2 safely and ‘push-based ‘.
For personal and small businesses, BlackBerry Internet Service allows users to manage up to 10 email accounts, including ISP email accounts the most popular of the BlackBerry.
Armani Company Perspectives Change
Credit & Loan February 20th, 2010
Italian designer Giorgio Armani, who some time ago was sick due to hepatitis, announced the company’s perspective change in the near future.
This is expressed in an interview with fashion site Daily Women Wears. Although not give details, Armani said that the change in perspective that will do well with regard to management companies, both in terms of strategy and promotion.
“The change I will announce in the near future,” said 75-year-old designer is.
Changes in the so-called designer who styled King Giorgio is allegedly related to financial issues, which during the last few years always haunt the company. In fact, the flamboyant designer is often out the signs that he could sell his company at any time. However, when asked about it, Armani is always evasive and said he would continue what I’ve been doing.
Not deny the changes done to better engage companies managerial sector, Armani said the shift in perspective will not happen by design. As for his own company, Armani said this happened in 2009 compared to a slight decrease last year.
The number of achieved profits amounted to 128.1 million Armani euro, falls far compared to 218.7 million euros last year
