Andrew Sheng
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Andrew Sheng
Tan Sri Andrew Sheng (born 1946) is Hong Kong-based Malaysian banker, academic and commentator. He started his career as an accountant and is now a distinguished fellow of Fung Global Institute, a global think tank based in Hong Kong. He served as chairman of the Hong Kong Securities and Futures Commission (SFC) before his replacement by Martin Wheatley in 2005. Early life Sheng grew up in British North Borneo (today Sabah, Malaysia). He left Malaysia in 1965 to attend the University of Bristol in England, where he studied economics. Career Following his graduation, Sheng moved to London and joined Arthur Andersen to train as a chartered accountant. After seven years in England, he returned to Malaysia in 1972, and four years later took up a position at Bank Negara Malaysia, where he did work involving banking regulation. In 1989 he was seconded to the World Bank office in Washington, DC; he came back to Asia in 1993 to serve as deputy chief executive of the Hong Kong Monetary A ...
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Tan Sri
The Malay language has a complex system of styles, titles and honorifics which are used extensively in Brunei, Indonesia, Malaysia, Singapore, and the southern Philippines. Brunei, Malaysia, Singapore and several provinces in Indonesia regularly award honorary and life titles. What follows in this article is specific to the Malaysian system. References to Brunei and Indonesia are given when pertinent. In Malaysia, all non-hereditary titles can be granted to both men and women. Every title has a form which can be used by the wife of the title holder. This form is not used by the husband of a titled woman; such a woman will bear a title which is the same as a titled man. Former use Singapore, whose Malay royalty was abolished by the British colonial government in 1891, has adopted civic titles for its leaders. The Philippines historically used Malay titles during its pre-Hispanic period (especially under Bruneian influence), as evidenced by the titles of historical figur ...
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Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) is Hong Kong's central bank, central banking institution. It is a government authority founded on 1 April 1993 when the Office of the Exchange Fund and the Office of the Commissioner of Banking merged. The organisation reports directly to the Financial Secretary (Hong Kong), Financial Secretary. Responsibilities The exchange fund was established and managed originally by the Currency Ordinance in 1935, now named the Exchange Fund Ordinance. Under the Ordinance, the HKMA's primary objective is to ensure the stability of the Hong Kong currency, and the banking system. It is also responsible for promoting the efficiency, integrity and development of the financial system.Noel FungGovernment power over Exchange Fund's stability role under review, The Standard (Hong Kong), The Standard, 18 November 1997 The HKMA issues Banknotes of the Hong Kong dollar, banknotes only in the denomination of ten Hong Kong dollars. The role of issuing other bankn ...
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1946 Births
Events January * January 6 - The 1946 North Vietnamese parliamentary election, first general election ever in Vietnam is held. * January 7 – The Allies recognize the Austrian republic with its 1937 borders, and divide the country into four Allied-occupied Austria, occupation zones. * January 10 ** The first meeting of the United Nations is held, at Methodist Central Hall Westminster in London. ** ''Project Diana'' bounces radar waves off the Moon, measuring the exact distance between the Earth and the Moon, and proves that communication is possible between Earth and outer space, effectively opening the Space Age. * January 11 - Enver Hoxha declares the People's Republic of Albania, with himself as prime minister of Albania, prime minister. * January 16 – Charles de Gaulle resigns as head of the Provisional Government of the French Republic, French provisional government. * January 17 - The United Nations Security Council holds its first session, at Church House, Westmin ...
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Inside Job (2010 Film)
''Inside Job'' is a 2010 American documentary film, directed by Charles Ferguson, about the late-2000s financial crisis. Ferguson, who began researching in 2008, says the film is about "the systemic corruption of the United States by the financial services industry and the consequences of that systemic corruption", amongst them conflicts of interest of academic research which led to improved disclosure standards by the American Economic Association. In five parts, the film explores how changes in the policy environment and banking practices helped create the financial crisis. ''Inside Job'' was acclaimed by film critics, who praised its pacing, research and exposition of complex material. It screened at the 2010 Cannes Film Festival in May and won the 2010 Academy Award for Best Documentary Feature. Synopsis The documentary is split into five parts. It begins by examining how Iceland was highly deregulated in 2000 and the privatization of its banks. When Lehman Brothers went b ...
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Project Syndicate
Project Syndicate is an international media organization that publishes and syndicates commentary and analysis on a variety of global topics. All opinion pieces are published on the ''Project Syndicate'' website, but are also distributed to a wide network of partner publications for print. As of 2019, it has a network of 506 media outlets in 156 countries. ''Project Syndicate'', which Ezra Klein described as "the world's smartest op-ed page," provides commentaries on a wide range of topics, from economic policy and strategies for growth worldwide to human rights, Islam, and the environment. It also offers monthly series dedicated to Africa, Europe, Asia, and Latin America, as well as to China and Russia. RealClearWorld also named ''Project Syndicate'' one of the top five world news sites for 2012. A not-for-profit organization, ''Project Syndicate'' relies primarily on contributions from newspapers in developed countries, which make up roughly 60% of its membership base, to enab ...
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Time (magazine)
''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published Weekly newspaper, weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on March 3, 1923, and for many years it was run by its influential co-founder, Henry Luce. A European edition (''Time Europe'', formerly known as ''Time Atlantic'') is published in London and also covers the Middle East, Africa, and, since 2003, Latin America. An Asian edition (''Time Asia'') is based in Hong Kong. The South Pacific edition, which covers Australia, New Zealand, and the Pacific Islands, is based in Sydney. Since 2018, ''Time'' has been published by Time USA, LLC, owned by Marc Benioff, who acquired it from Meredith Corporation. History ''Time'' has been based in New York City since its first issue published on March 3, 1923, by Briton Hadden and Henry Luce. It was the first weekly news magazine in the United St ...
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University Of Malaya
The University of Malaya ( ms, Universiti Malaya, UM; abbreviated as UM or informally the Malayan University) is a public research university located in Kuala Lumpur, Malaysia. It is the oldest and highest ranking Malaysian institution of higher education according to two international ranking agencies, and also the only university in the post-independent Malaya. The university has graduated six prime ministers of Malaysia, and other political, business, and cultural figures of national prominence. The predecessor of the university, King Edward VII College of Medicine, was established on 28 September 1905 in Singapore, then a territory of the British Empire. In October 1949, the merger of the King Edward VII College of Medicine and Raffles College created the university. Rapid growth during its first decade caused the university to organize as two autonomous divisions on 15 January 1959, one located in Singapore and the other in Kuala Lumpur. In 1960, the government of Malaysia ...
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Tsinghua University School Of Economics And Management
Tsinghua University School of Economics and Management (abbreviation: Tsinghua SEM; Chinese: 清华大学经济管理学院, ''qīng huá dà xué jīng jì guǎn lǐ xué yuàn ''), is the business school of Tsinghua University in Beijing, China. The school offers undergraduate, master, doctoral, and many executive education programs, with a total enrollment of more than 3,000 students. History Early history The history of Tsinghua SEM dates back to 1926, when Tsinghua University established its Faculty of Economics. In 1956, when the Chinese government decided to regroup higher education institutions in an attempt to build a Soviet-style education system, the Faculty of Economics was separated from Tsinghua and merged into other universities. Revival In 1979, with the Chinese economic reform taking place, Tsinghua University began setting up a new School of Economics and Management Engineering. The School of Economics and Management was officially established in 1984, with Zhu R ...
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Free University Of Berlin
The Free University of Berlin (, often abbreviated as FU Berlin or simply FU) is a public research university in Berlin, Germany. It is consistently ranked among Germany's best universities, with particular strengths in political science and the humanities. It is recognised as a leading university in international university rankings. The Free University of Berlin was founded in West Berlin in 1948 with American support during the early Cold War period as a Western continuation of the Friedrich Wilhelm University, or the University of Berlin, whose traditions and faculty members it retained. The Friedrich Wilhelm University (which was renamed the Humboldt University), being in East Berlin, faced strong communist repression; the Free University's name referred to West Berlin's status as part of the Western Free World, in contrast to communist-controlled East Berlin. In 2008, as part of a joint effort, the Free University of Berlin, along with the Hertie School of Governance, a ...
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China Development Bank
The China Development Bank (CDB) () is a development bank in the People's Republic of China (PRC), led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. As one of three policy banks in China, it is responsible for raising funds for large-scale infrastructure projects, including the Three Gorges Dam and the Shanghai Pudong International Airport. Established by the Policy Banks Law of 1994, the bank is described as the engine that powers the national government's economic development policies.CDB History Archived
Debts issued by the China Development Bank are owned by local banks and treated as risk-free



China Investment Corporation
China Investment Corporation (CIC) (Chinese: 中国投资有限责任公司; pinyin: ''zhōngguó tóuzī yǒuxiàn zérèn gōngsī'') is a sovereign wealth fund that manages part of the People's Republic of China's foreign exchange reserves. China's largest sovereign wealth fund, CIC was established in 2007 with about US$200 billion of assets under management, a number that grew to US$941 billion in 2017 and US$1.2 trillion in 2021. History As of 2007, the People's Republic of China has US$1.4 trillion in currency reserves. (By 2013, US$3.44 trillion.China Investment Corporation Profile
Sovereign Wealth Fund Institute. July 2, 2008. Retrieved August 27, 2013.
) The China Investment Corporation was established with the intent of using these reserves for the benefit of the state, modeled a ...
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Khazanah Nasional
Khazanah Nasional Berhad is the sovereign wealth fund of the Government of Malaysia, entrusted with growing the nation's long-term wealth via distinct commercial and strategic objectives. Khazanah's commercial objective is to grow financial assets and diversify revenue sources for the nation, while its strategic objective is to hold strategic assets that bring long-term economic benefits. Khazanah is guided by its investment philosophy which emphasises attaining appropriate risk-adjusted financial returns, generating sustainable returns, and integrating ethical and responsible investing considerations. Khazanah is a member of the International Forum of Sovereign Wealth Funds, which maintains and promotes the Santiago Principles on best practices in managing sovereign wealth funds. It is also a signatory of the United Nations-supported Principles for Responsible Investment (UNPRI), signatory of the Malaysian Code for Institutional Investors and a member of the Institutional I ...
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