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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (61446)	2/24/2010 1:14:33 AM
From: fatty	Read Replies (1) \| Respond to of 217699

From what I read, China doesn't have property taxes. Since most apartments are unfinished units (no plumbing, no interior walls, no paint, no hardwood floor, no wiring etc), Chinese people _buy and hold_ real estate like how some Americans buy and hold diamonds and gold.

To: Hawkmoon who wrote (61446)	2/24/2010 4:34:16 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217699

china is shielded some what by its high savings rate and flush banks, and enhanced by its lack of financially 'sophisticated' derivative products and lack of retail investment opportunities hong kong is blessed by its genuine freedom domain and true liberty arena no blames to you, but maybe and just perhaps, consider, that your apparently limited ability to understand is simply and just a function of your learning and experience, and the limitations there of, in that you do not know true enterprise and have no experience with genuine freedom ? just in in-tray, indicating still more deserving and otherwise foolish people wanting to engage with very expensive living in search for freedom, and i am wondering where be the supply of high cost and full ocean view, is it just possible that your city, at usd 100/sft real estate, is in truth over-valued relative to hong kong's usd 3k/sft property? what is the price for freedom? if not usd 2,900/sft, then how much more? we will watch and brief and find out, in any case ... and i quote I note the following below. In addition, I spoke with a friend of mine today who is being head-hunted by two hedge funds that are planning to move the bulk of their operations to Hong Kong from London. The minor reason is that they plan to do more trading and investing in China. The major reasons are the same as below. Hong Kong & Singapore are slowing picking up clients at the expense of London xyz Aureos Capital Ltd., a private-equity firm investing in emerging markets, plans to move senior management to Singapore from London as the European Union moves to regulate the alternative-investment industry. Aureos, which manages $1.2 billion, plans to make Singapore its Asian hub as the region will eclipse Africa as its biggest market in coming years, said Chief Executive Officer Sivendran Vettivetpillai. The firm is planning to pour about $1 billion of new capital into Asia over the next two-and-a-half years, he said in an interview from London, where he is based. “There’s a commercial rush behind it,” he said. Regulations planned by the EU and a new top income-tax rate of 50 percent are prompting hedge funds and private-equity firms to leave London for other cities. The Alternative Investment Fund Managers Directive, proposed by the European Commission, would cost hedge funds and private-equity firms at least 4.6 billion pounds ($7.1 billion) to implement, according to the U.K. Financial Services Authority. Singapore, where the top tax rate for individuals is 20 percent, has sought to attract the investment management industry by offering tax incentives and grants. “We don’t know which way it’s going to go, but it’s a concern,” Vettivetpillai, 42, said of the proposed European regulations. The CEO and four other partners based in London will move to Singapore as early as the fourth quarter of this year, he said. The cost of doing business in London is already “exorbitant” and it is cheaper to hire professionals in Singapore, Vettivetpillai said. “With all the regulations and tariffs that are coming in the U.K., it certainly makes sense economically to move senior people and thin down the London operations simply because the cost factor is getting out of hand,” he said

To: Hawkmoon who wrote (61446)	2/24/2010 8:21:15 AM
From: elmatador	Respond to of 217699

China's banking regulator has ordered lenders to stop granting loans to investment vehicles backed by local governments, the latest move to tighten credit standards amid mounting concerns of bad loans down the road, according to a state-media report Wednesday. China regulators halt credit to local-government funds The China Banking Regulatory Commission directive affects lending to investment companies used by local governments which have no registered capital and are backed solely by future fiscal revenue, according to reports citing the state-run Shanghai Securities News. U.S. Banks in Transition: Reforming and RecoveringJayan Dhru, Standard & Poor's global head of Financial Services Ratings, says U.S. banks are still in recovery mode as they manage the credit cycle while reducing leverage and risk. Reforming the banking sector will have unintended consequences on the broader economy. Banks have also been ordered to review existing loans used to finance projects backed by local governments, the report said. A separate report by the Shanghai Securities News cited another CBRC directive ordering a halt credit to real-estate developers who want to use the proceeds to build up land reserves. The new moves are the latest from the CBRC, which last week called on banks to be more careful in their lending and to take steps to ensure that loans are being used for their stated purpose. Worries have grown in recent weeks that China's property market is being whipped up into a destabilizing price bubble following a near doubling in bank lending in 2009. Joint research by Holdways and Knight Frank showed the average prices of new homes in urban Beijing, Shanghai, and Shenzhen were up 66%, 68% and 51%, respectively, in November from a year earlier.

To: Hawkmoon who wrote (61446)	2/25/2010 6:58:02 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217699

just out from send tray, my notes from lunch yesterday, re freedom-seeking refugees from all around london and new york converging on hong kong, and i quote self btw, man specializing in helping law and fund outfits to establish in asia / hong kong says: - 70% of outfits choosing hk over singapore - tend to head for high-end office buildings and residences - when he tells head office that more reasonable office options can be on kowloon side at materially less cost, and that perfectly good homes can be rented for hkd 150,000/mth and less, the head offices response, "yes, but we want the wow factor" - feels that given law offices are being opened in hk by american and european law firms must be because their clients are also heading this way second man specializing in workouts and disasters as well as due diligence reports - another trend, the deal teams, relatively young, are cutting corners and low budgeting due diligence efforts - issues should surface in deals w/i 18 months as opposed to the usual 36 months and so the pipe line is being filled and the hopper is full