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...As a big source of funding for one of the world’s wealthiest universities, Princo has set an ambitious long-term return target of more than 10 per cent per year....
...Public pension funds in North America allocated an average of 11 per cent of their assets to private equity last year, up from 8 per cent three years ago, according to Preqin, a financial data provider....
...She presented a personalised copy of the work to China’s then premier Li Keqiang at an NDRC symposium in December 2015....
...Li plays an important role in the Chinese Communist party’s plan to boost the country’s energy security, said Alex Payette, chief executive of Cercius Group, a consultancy that specialises in elite Chinese...
...As part of the personnel reshuffle, Pan, an experienced central banker, was appointed PBoC governor and its party head in August, an unexpected appointment given he was about to turn 60, the unofficial retirement...
...But in south-east Asia, one institution has an outsize influence on tech fortunes: SoftBank Group’s Vision Fund....
...State broadcaster Xinhua praised Li as “an excellent CPC member, a time-tested and loyal communist soldier and an outstanding proletarian revolutionist, statesman and leader”....
...“[Milk tea brands] have a much wider appeal in comparison to coffee chains,” said Jason Yu, managing director at Kantar Worldpanel, a consumer research group....
...Li Auto expects to deliver 76,000 to 78,000 cars in the current quarter, down 24 per cent from a previous guidance, according to an exchange filing on Thursday....
...He married Cheng Hong, an English language and literature professor whose father was an official in the Communist Youth League, a powerful political faction....
...Josh Gabert-DoyonSun Yu is an investment correspondent for the FT. Thanks for speaking with us. Sun YuSure....
.... ★★★★☆ ‘Letter to Yu’ is released by Deewee...
...Shares in Li Auto dropped 6.1 per cent after the company announced new price cuts across its line-up on Monday morning in an effort to boost slowing sales growth....
...The pension plan reported an annual return of 5.8 per cent in the 12 months ending June 2023 following a negative 6.1 per cent in the previous year. That fell well below the 6.8 per cent target....
...The challenges have overshadowed an almost 600-fold year-on-year leap in its adjusted net income in 2023....
...Li Bei’s flagship Banxia Macro Fund plunged 20.4 per cent over the past 12 months....
...“I need to make the best use of my limited savings,” said Li. “Health insurance is not my top priority.”...
...But the fate of TikTok in the US might not be decided as quickly as some US lawmakers might’ve hoped, Nikkei Asia’s Yifan Yu writes....
...world’s two leading telecom equipment suppliers, are following their Chinese rival Huawei Technologies in stepping up their chip design capabilities to better compete in the 5G era, Nikkei Asia’s Lauly Li...
...While most investors do not have to make an imminent decision, they are aware of risks that are set to worsen in the coming years as an increasing number of PE funds become due for liquidation about a decade...
...SK Hynix and TSMC, will jointly develop advanced chips for artificial intelligence to strengthen their positions in the fast-growing AI market, write Nikkei Asia’s Kim Jaewon, Cheng Ting-Fang and Lauly Li...
...decision to reduce our headcount by more than 10 per cent globally . . . this will enable us to be lean, innovative and hungry for the next growth phase cycle,” wrote Tesla’s chief executive Elon Musk in an...
...The president recalled China’s problems with drugs in the past, an apparent reference to the opium wars between Britain and China in the 19th century....
...“Fundamentally, it’s an issue of trust.”...
...According to ETF.com, an industry portal, China-focused ETFs have suffered three straight quarters of outflows since last April....
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