Monthly Archives: August 2011

Li Keqiang in HKU100

Vice-Premier Li Keqiang of the State Council today on August 18 visited the University of Hong Kong (HKU) and attended the University of Hong Kong Centenary Ceremony.

The Vice-Premier officiated at the unveiling of plaques ceremony of a medical research centre and a state key laboratory (partner laboratory) of HKU, and announced the allocation of funding to subsidizing the studies, exchanges and scientific research of HKU students and academic staff on the mainland. Continue reading

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Alcoholic beverage economy

Cheming Yang

China’s first red wine investment fund is recently launched and plans to raise 1 billion yuan to invest in fine red wine, as rising inflation fears spur innovation in China’s competitive asset management industry. For China’s growing affluent class, there’s huge investment demand for alternative assets such as precious metals, commodities, private equity and art collections. Red wine, like other storable goods with limited supplies, has the potential to beat inflation. This close-end fund will buy top red wine from France’s renowned Bordeaux and Burgundy regions, and expects to deliver annualized returns of 15 per cent. Continue reading

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