Hong Kong intervention changes stock-market landscape

Article Abstract:

Hong Kong investors witnessed a significant increase in the Hang Seng Index for hedge funds for the second week of August 1998 following the reported acquisition of several stocks by the central government. These intervention measures, which caused the market value of hedge funds to rise, were instrumental in warding off speculative attacks. However, Hong Kong's financial markets continue to be discouraging for investors since the government has expressed little concern over risk premiums.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Economic Programs, Administration of Economic Programs, Evaluation, Economic aspects, Stocks, Stock-exchange, Stock exchanges, Exchanges, Economic policy, Hedge funds

---

Foot persists in battle with Templeton: bitter dispute continues as proxy statement becomes focus of attention

Article Abstract:

Investor George Foot has threatened to sue Templeton Dragon Fund if it does not remove the clause that keeps the fund from trading at other markets other than an exchange. Foot wants the fund to be converted into an open-ended fund which allows the fund to be traded without the discount. Fund manager Mark Mobius maintains that Mr. Foot is part of a growing wave of closed-end fund raisers and that he is doubtful if he represents the interest of the majority of shareholders.

Mutual funds, Investor relations, Foot, George, Templeton Dragon Fund Inc.

---

Booms and busts are just a way of life; Hong Kong's eager investors have never let a dream slip by

Article Abstract:

The investment and business climate in Hong Kong is described in detail. Historical and social factors are cited as some of the reasons behind the entrepreneurial activity in the city and former British colony.

Hong Kong, Financial analysis, Statistical Data Included, Management, Financial services industry, Financial services, Investors

Similar abstracts:

• Abstracts: Yves Saint Laurent to be restructured in bid for revival. Sanofi's beauty division comes up for auction. Gucci Group hits snag in acquisition of Sanofi
• Abstracts: Healtheon says it plans to merge with WebMD. Misys offers to buy DBS Management. U.S. clears Healtheon deal
• Abstracts: Finns snap up Estonia's pirate goods. Hansabank profit jumps on growth of net unit. Eesti Telekom's net rose 12% in 1st quarter
• Abstracts: German futures exchange, Eurex mull partnership. Euronext confirms talks with Liffe on possible bid. Eurex will set up company to handle cash bond trading
• Abstracts: Roche's antiobesity drug clears hurdle; U.S. panel's marketing clearance boosts stock. European patients fight for access to cancer drugs

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.