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Xi (business)
''Xi'' () is a form of business organization in China where a group of companies are controlled by a private equity fund, forming an investment group. Definition The term can be translated as business group or a conglomerate. However there is a connotation in the term of bending the rules since the companies in the group while tracing to an owner are not affiliated as a neatly organized entity. In a dissertation on the subject a Xiamen University Xiamen University (; Southern Min: ''Ē-mn̂g-toā-o̍h''), colloquially known as Xia Da (; Southern Min: ''Hā-tāi''), is a national public research university in Xiamen, Fujian, China. Founded in 1921 by Tan Kah Kee, a Chinese patriotic e ... student described the arrangement as follows:"Very often strings of dysfunctional subsidiaries or intricately affiliated companies in the form “business groups” perform no substantial business activities other than acting merely as financial vehicles for one another. Spin-offs, shell-str ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity Fund
A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity. Private equity funds are typically limited partnerships with a fixed term of 10 years (often with annual extensions). At inception, institutional investors make an unfunded commitment to the limited partnership, which is then drawn over the term of the fund. From the investors' point of view, funds can be traditional (where all the investors invest with equal terms) or asymmetric (where different investors have different terms).Metrick, Andrew, and Ayako Yasuda. "The economics of private equity funds."Review of Financial Studies (2010): hhq020. A private equity fund is raised and managed by investment professionals of a specific private-equity firm (the general partner and investment advisor). Typically, a single private-equity firm wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xiamen University
Xiamen University (; Southern Min: ''Ē-mn̂g-toā-o̍h''), colloquially known as Xia Da (; Southern Min: ''Hā-tāi''), is a national public research university in Xiamen, Fujian, China. Founded in 1921 by Tan Kah Kee, a Chinese patriotic expatriate businessman in Singapore, the university has been perennially regarded as one of the top academic institutions in Southern China, with strengths in mathematics, chemistry, oceanography, economics, management, law, communication and political science. Xiamen University is designated as a Class A Double First Class University of the national Double First Class University Plan, also a part of the former Project 985 and Project 211. As of 2020, the university hosts over 40,000 students on its 4 campuses and 6 academic divisions. History Private period In 1919, Tan Kah Kee, a Chinese expatriate in Singapore, businessman, investor, and philanthropist, donated then 4 million dollars to endow Amoy University in the city of Amoy ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
