New York Times: Chinese buyers have been under the spot light and appear repeatedly in Christie’s auction to be the winner of the antiques on the auction. Some of their bidding price is astonishing to the audience of the auction. It seems that the Chinese buyers do not care how much pay and just do not want to miss the sale. This is also a reflection of wealth flooding out of China to have a global impact.

纽约时代：中国买家最近在古董拍卖会上频频出手，震惊世界拍卖界。在最近的克里斯汀拍卖会上，中国买家飙得头筹是家常便饭，甚至为一些很平常的古董开出天价。老外大呼中国人要把什么都买下么？

The Profit-Taker Equalizer for the Underdog:
Grow from Middle-Class Poor to ‘Zero Debt’ to Rich in One Year

‘The Profit-Taker Equalizer for the Underdog’ is a top ten best seller. It is written by Professor Don Abrams and Professor Smarba. The book teaches potential investors how to invest, buy and sell equities in good or bad times. For trading recommendations from the book, the author will publish the result on the ‘Scoreboard‘ to test the robustness of the system. According to the website, the system has captured great upsides in some stocks such as Ford, US Airways and Evergreen.

If you are attracted by the concept, chlick HERE for more information.

这是一本神奇的书。本书的作者宣称他们发现了一种征服股市的神奇配方。按照书中所讲的操作法则，您有可能在一年之间发家致富，完全摆脱为别人打工的烦恼。书的作者为了证明其配方的有效性，还专门就一些个别股票设立了实证检验。从网站上披露的内容来看，所有本书推荐的个股都得到了丰厚的回报。

The private equity group Carlyle is reported to acquire a 17.3% stake in Yashili Group for an undisclosed amount. Yashili is one of the biggest infant milk producers in China. China’s domestic dairy industry has been hit hard by the incidence of San Lu, in whose baby milk excessive quantity of melamine has been found and caused lethal illness to some of the babies. Carlyle’s move follows some of the other private equity firms to invest in China’s infant milk sector.

华尔街日报报道，卡莱尔私人投资公司购买了雅士利17.3%的股份。雅士利主要制造婴儿奶粉。中国的婴儿奶粉行业由于三鹿事件受到重创，因此现在可能是低价购入的好时机。

Original article can be found HERE.

According to WSJ, A Goldman Sachs Group Inc.-managed private equity fund is investing about $250 million in Geely Holding Group’s Hong Kong-listed arm to fund the auto maker’s growth ambitious, according to a person familiar with the matter.

高盛一家私募投资近日投资2.5亿美元于中国最大的汽车制造厂商之一，吉利。吉利快速的成长风格和风险意识很符合高盛私募的胃口。

For original article please click HERE.

According to data from China’s Commerce Bureau, the FDI into China has increased 7% in August, amounting to 7.4 Billion USD. It is a clear sign that international capital’s appetite on Chinese asset has not waned in the current global financial crisis. In the foreseeable Future it seems that the trend is likely to continue. Based on the attractiveness to international capital and record USD reserve, China government is reported to seek more voice in IMF and World Bank voting rights. For the moment developed nations have 57% weight in IMF voting rights, with the balance to developing nations. China seeks to increase developing nations’ voting power to 50%.

据商务部公布的数据，八月份中国实际使用外商直接投资（FDI）为七十四点九九亿美元，同比增长百分之七，数目并不算多，但却是今年以来首次单月同比增长。商务部解释，FDI恢复增长主要受益于中国经济率先复苏，引领全球资金流入。在可监控的外资（FDI）活动方面，其投入中国市场的金额已出现显着增长，在无法监控的部分，热钱大量涌至炒作中国“复苏”的数量只会更多。 Continue (继续)

By Si Tingting (China Daily) Updated: 2009-09-18

China’s charm for foreign investors has not waned despite the global credit crunch that dampened investors worldwide, according to a UN report on trends in foreign direct investment.

The economically recovering nation also capitalized on the financial crisis by buying cheap overseas assets, according to the World Investment Report 2009 released yesterday by the United Nations Conference on Trade and Development. China is reportedly poised to join the list of top investing nations in the world.

Globally, the infusion of FDI fell from $2 trillion in 2007 to $1.7 trillion in 2008, a 14 percent drop, according to the report.

The report projected that FDI inflows will bottom in 2009, dropping by at least 40 percent, to below $1.2 trillion. A rebound is expected in 2010.

Despite the global gloom, FDI into China in 2008 rose by 30 percent to $108 billion, making it the third largest recipient of FDI in the world, after US and France.

FDI to China dropped by 17.9 percent in the first half of this year, beating the 40 percent drop globally. Continue (继续)

(China Briefing) China’s Ministry of Commerce is finalizing the details of a draft regulation that is expected to be officially released by Beijing soon that allows foreign entities to apply for business licenses as a foreign invested partnership (FIP).

The regulation is relevant for foreign fund managers because it provides the closest legal entity in terms of structure for most international and offshore funds.

If the regulation is implemented, the measures would permit an approved foreign investor to directly form a China limited liability partnership (LLP) as a general partner or to directly invest in a PRC LLP as a limited partner.

It remains unclear whether or not such applications may be approved at a local level or state level by the Ministry of Commerce. However, FIPs remain restricted in participating in such industries as telecommunications and large-scale land development. Continue (继续)

(China Daily) Google’s departing China head, Kai-Fu Lee, said yesterday that he plans to form an 800 million yuan fund to invest in hi-tech startups.

Young Chinese entrepreneurs would be able to obtain “angel funding” to develop their ventures, said Lee, who announced his decision to exit the Internet search giant last Friday.

WI Harper Group will be the lead investor in Innovation Work, the fund headed by Lee, according to a statement. Other investors include Steven Chen, the Youtube co-founder, Foxconn Technology Group, Legend Group and New Oriental Education & Technology Group.

Lee departs Google at a crucial time when the US search engine is narrowing its gap with market leader Baidu Inc, which accounts for nearly two thirds of the market share. Continue (继续)

(WSJ) China’s $300 billion sovereign-wealth fund is eyeing big investments in distressed U.S. real estate, according to people familiar with the matter. To finance some of the deals, China may rely on an old trading partner: the U.S. government.

In recent weeks, officials from China Investment Corp. have held talks with U.S. private-equity fund managers, including BlackRock Inc., Invesco Ltd. and Lone Star Funds, about potential investments in beaten-down property assets, namely mortgage securities backed by office buildings, hotels, strip malls and other commercial property. CIC also is considering buying ownership interests in buildings, according to the people with knowledge of the matter. Continue (继续)

(WSJ) China’s government on Monday offered public encouragement to state-owned companies challenging foreign banks over huge losses from derivative contracts, a move that bankers say has raised the risks of dealing with some of China’s largest enterprises.

Some of China’s biggest airlines and shippers lost hundreds of millions of dollars last year on derivative trades made with major international banks when the price of oil plunged. They are now seeking to claw back those losses. Continue (继续)

(FT) Bank of China, the country’s third-largest lender by assets, is to unveil a range of Swiss-based funds denominated in renminbi. The funds, aimed at wealthy Chinese investors hungry for international equities and bonds and international investors keen to get a slice of Chinese financial markets, will reduce some of the barriers to investing in the Chinese currency.

The funds are being rolled out by BOC (Suisse) Fund Management, a subsidiary of Bank of China (Suisse), a Swiss private bank, and the first Chinese asset manager in Europe, which opened its doors in Geneva last November. Continue (继续)