Source Pravda.Ru

Chinese Business Model Earns Success in Beijing

Asian brokerage CLSA Ltd. and Hong Kong-based First Eastern Investment Group are setting up yuan-denominated private equity funds in Shanghai, hot on the heels of Blackstone’s announcement last week that it will set up a similar fund in the city in the city , Wall Street Journal Blogs reports.

Chinese shares rebounded Tuesday after suffering the biggest one-day fall of the year but investors were uneasy about corporate earnings.

The benchmark Shanghai Composite Index rose 40.25 points, or 1.4 percent, to close at 2,910.88. The Shenzhen Composite Index for China's smaller second exchange gained 1.3 percent to 968.39.

The rally that has pushed the Shanghai index up nearly 90 percent this year is unlikely to revive immediately, though the market should rise in the longer term, said Tang Yonggang, an analyst for Hongyuan Securities in Beijing , BusinessWeek reports.

"Our business model of selling commercial properties in the most dynamic city centre areas ... has already earned considerable success in Beijing," said SOHO China Chairman Pan Shiyi in the statement.

"We are confident that this model can be applied to Shanghai as well," said Pan, an influential Chinese property tycoon.

The SOHO China statement also confirmed an earlier Reuters report regarding the amount that SOHO China paid to Morgan Stanley for the Shanghai property , Reuters reports.

Ukrainian bloggers draw a parallel between the events in East Timor and the Crimea. Any comparison has a right to exist, but a detailed analysis of the situation does not give a promising forecast to Ukraine

Ukraine dreams of what it can do to Crimea after winning war with Russia
Comments
The Sham called Democracy
The Sham called Democracy
The Sham called Democracy
Aretha Franklin: A colossus, a woman, a lady, a light and a soul
The Sham called Democracy
The insane idea in Germany: "pedophilia normal love"
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
The Sham called Democracy
The Sham called Democracy
The end of the theory of a Nobel Prize in chemistry?
Aretha Franklin: A colossus, a woman, a lady, a light and a soul
Russia to respond with military-strategic blow to new USA's sanctions
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too
Peculiarities of Russian sex
Russia must build strong Orthodox coalition in Europe to defeat the West
Ukraine dreams of what it can do to Crimea after winning war with Russia
Putin in Austria: Europe doesn't like Russia very much, but it is fed up with USA too