Word: investments
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Dates: during 2000-2009
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...market, is perfectly positioned to become China's Wall Street at the dawn of the Asian century. "We have clear advantages," says Franco Ngan, Value Partners CEO. "We're part of China. We understand the culture and speak the same language. There's a natural tendency for people to invest with managers near them. No one wants to take a 14-hour flight to see who's managing their wealth...
...government is also trying to nurture stock markets in Shanghai and Shenzhen, Beijing still views Hong Kong as crucial because it offers an entrée to the outside world. China's capital markets, largely closed today, are being gradually opened, meaning ordinary citizens will eventually be free to invest some of their wealth outside the country - with Hong Kong, which is a Special Administrative Region of the mainland, as the likely first stop. Beijing last year proposed a new program, nicknamed "the through train to the Hong Kong stock exchange," that would allow individual Chinese to buy stock...
...yuan, is nonconvertible, capital can't flow freely between Hong Kong and the mainland. And Chinese officials recognize that a flood of mainland money could disrupt Hong Kong's markets. Last year, Chinese authorities cracked down on underground Shenzhen traders funneling yuan illegally into Hong Kong. Aware that speculative investment could destabilize Hong Kong, Chinese financial officials also appear to have indefinitely delayed the "through train," the program that would allow individual Chinese to invest in the Hong Kong stock market...
...Economics, says that visible groups of powerful people from other countries living and working in London is a priceless form of "soft diplomacy," advertising Britain as the place to be for the world's best and brightest. "For other people in those countries thinking of where they should invest when they go to open a new business or expand an existing one, the fact that there is a group from their own country happily living without worry in London makes it that much more attractive," he says...
...that turns animals into human beings," says Ghulam Hazrat Tanha, Herat's director of education. "If women are educated, that means their children will be too. If the people of the world want to solve the hard problems in Afghanistan--kidnapping, beheadings, crime and even al-Qaeda--they should invest in [our] education...