China’s Citic Bank plans dual listing, Plus Other Posts from CDT
China’s Citic Bank plans dual listing
Wal-Mart to Acquire China’s 2nd-largest Hypermarket Chain
China’s Wealthy Splurge $63 Million at Luxury Show in Shanghai
Business groups ‘blocking’ HK democracy
China’s Reserves Near $1 Trillion
Chief of China Youth Daily Sacked
From my CDT Post
Li Erliang, Editor-in-Chief of China Youth Daily, a newspaper owned by China Youth League, was sacked, Hong Kong newspaper Wen Hui Po reported. Li was replaced by Chen Xiaochuan, editor of Freezing Point, a weekly additional edition of the newspaper.
Li’s removal wasn’t elaborated by China Youth Daily, and the reason behind this is also unknown.
Chen Xiaochuan was appointed as the editor of Freezing Point after its former editor Li Datong was fired. Li’s dismissal was widely publicized.
The newspaper’s Party chief, Wang Hongqiu, was also removed, Wen Hui Po said.
-Click HERE to read the report (Chinese)
-Click HERE to read the report from China Times. The Taiwan Newspaper indicated that Li’s removal is due to the Freezing Point event early this year.
–More from CDT on Freezing Point
Wilshire, Dow Jones to Launch a New Group of Global Indexes
Good news for index funds and those investing in global markets. The new global indexes Wilshire and Dow Jones are cobbling are to meet needs from more and more investors who are increasingly eyeing emerging markets as havens to hedge their portfolios and, if possible, to collect more returns.
The new Dow Jones Wilshire Global Total Market Index, including more than 12,000 stocks in 56 countries and a float-adjusted market value of $33.6 trillion, will beat other two global indexes on capital value: MSCI All-Country World Index, which covers 2,772 stocks in 48 markets with a market value of $27.4 trillion, and the S&P Citigroup Global Equity Indices, which covers 10,446 stocks in 56 countries with a market value of $33 trillion.
From the Wall Street Journal
Wilshire, Dow Jones to Launch a New Group of Global Indexes
By Karen Richardson
With investors continuing to chase returns in global markets, companies that build stock indexes are ramping up their offerings.
In the latest instance, Wilshire Associates Inc., which compiles the DJ Wilshire 5000 Composite index, and Dow Jones Indexes, which compiles the Dow Jones Industrial Average, are teaming up to launch a new group of global indexes, in a bid to compete for business from international money managers who are the prime users of tools like these. Dow Jones & Co. is the publisher of The Wall Street Journal.
Several rival index providers are also rolling out new products, or making changes in their lineups. Next month, Standard & Poor’s Corp. plans to launch “growth and value” style indexes for emerging markets, which would enable investors to track the performance of companies in developing countries that fall into the categories of growth or value stocks. This month, S&P also started providing more historical performance and customized data for each country in its S&P Citigroup Global Indices, according to David Blitzer, managing director and chairman of S&P’s index committee. Read the rest of this entry »
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