Word: mutuals
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Chinese regulators are cracking down on rampant insider trading and illegal bank lending for stock investments. A budding mutual-fund industry, seen as one key to the retirement security of hundreds of millions of Chinese, is forcing greater transparency in the markets while adding much needed trading volume to render the markets more efficient and liquid. Yet with so much remaining to be worked out, direct investment in China will probably not make sense for most people for at least another year...
...MUTUAL FUNDS A handful of stock funds target China via direct investment in B shares or through H shares and red chips (Chinese companies that trade in Hong Kong) or Hong Kong companies that do a lot of business in China. For the greatest exposure to stocks that are listed in Shenzhen and Shanghai, go with Investec Mainland China, Matthews China or U.S. Global Investors China Region. Some big companies listed in Taiwan also do plenty of business in China...
...base would provide Washington with a permanent military toehold in Central Asia, adding a new player to the centuries old Great Game. Karimov said the agreement covered "mutual responsibilities and guarantees." The Americans wouldn't go that far, saying they cannot give guarantees; they can only consult. But Karimov and his countrymen want assurances that Uzbekistan, the only country in Central Asia to have turned its back on the Russians to embrace the Americans, will not be abandoned when the "war on terrorism" changes fronts. Despite the Bush Administration's aversion to nation-building, the Uzbeks are hoping for eventual...
...relationships with Russia, China, and Europe, we have been making policies in a vacuum,” he said, mentioning that the U.S. currently has a record number of unilateral economic sanctions. “Recently, we’ve been undoing those because we need each other for mutual self-interest...
...Karan for Driver's dress (friends reportedly said that Driver preferred Vera Wang), along with a pricey celeb-studded bash, while Driver wanted something small. Smiles were left behind. Driver's spokeswoman says that any rift between Babs and Minnie is untrue; she adds that the breakup was "a mutual decision." Ah, but in the spirit of that old song, if they had a chance to do it all again, tell me, would they? Could they...