Zhang Lei (investor)
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Zhang Lei (investor)
Zhang Lei (), CFA is a Chinese billionaire businessman, investor, and philanthropist. He is the founder and Chairman of Hillhouse, a private equity firm. Early life Zhang was born in 1972 in Zhumadian, a city in Henan province, in Central China. When Zhang was a teenager, he sold magazines, noodles, and water to people at train stations. Education and early career Zhang received a scholarship to Renmin University of China, where he received his B.A. in Economics in 1994. In 2002, he received an MBA and M.A. in International Relations from Yale. Zhang translated David Swensen's book, ''Pioneering Portfolio Management, An Unconventional Approach to Institutional Investment'' (2000), into Chinese while in school and created new Mandarin words for "endowment" and "fiduciary." During his studies, Zhang also worked at the Yale University Endowment. He was an investment analyst for a global emerging markets fund that covered South Africa, Southeast Asia and China. After this, he was ...
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Zhang (surname)
Zhang () is the third most common surname in China and Taiwan (commonly spelled as "Chang" in Taiwan), and it is one of the most common surnames in the world. Zhang is the pinyin romanization of the very common Chinese surname written in simplified characters and in traditional characters. It is spoken in the first tone: ''Zhāng''. It is a surname that exists in many languages and cultures, corresponding to the surname 'Archer' in English for example. In the Wade-Giles system of romanization, it is romanized as "Chang", which is commonly used in Taiwan; "Cheung" is commonly used in Hong Kong as romanization. It is also the pinyin romanization of the less-common surnames (''Zhāng''), which is the 40th name on the ''Hundred Family Surnames'' poem. There is the even-less common (''Zhǎng''). was listed 24th in the famous Song-era ''Hundred Family Surnames'', contained in the verse 何呂施張 (He Lü Shi Zhang). Today, it is one of the most common surnames in the world a ...
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Globally
Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialization''), developed its current meaning some time in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post-Cold War world. Its origins can be traced back to 18th and 19th centuries due to advances in transportation and communications technology. This increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs, and culture. Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. However, disputes and international diplomacy are also large parts of the history of globalizat ...
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Fees
A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in the United Kingdom (and previously the Republic of Ireland) receive a fee in contradistinction to a payment, salary, or wage, and often use guineas rather than pounds as units of account. Under the feudal system, a Knight's fee was what was given to a knight for his service, usually the usage of land. A contingent fee is an attorney's fee which is reduced or not charged at all if the court case is lost by the attorney. A service fee, service charge, or surcharge is a fee added to a customer's bill. The purpose of a service charge often depends on the nature of the product and corresponding service provided. Examples of why this fee is charged are: travel time expenses, truck rental fees, liability and workers' compensation insurance fees, and planning fees. UPS and FedEx have recently begun surcharges for fuel. Restau ...
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Secondary School
A secondary school describes an institution that provides secondary education and also usually includes the building where this takes place. Some secondary schools provide both '' secondary education, lower secondary education'' (ages 11 to 14) and ''upper secondary education'' (ages 14 to 18), i.e., both levels 2 and 3 of the International Standard Classification of Education, ISCED scale, but these can also be provided in separate schools. In the United States, US, the secondary education system has separate Middle school#United States, middle schools and High school in the United States, high schools. In the United Kingdom, UK, most state schools and Independent school, privately-funded schools accommodate pupils between the ages of 11–16 or 11–18; some UK Independent school, private schools, i.e. Public school (United Kingdom), public schools, admit pupils between the ages of 13 and 18. Secondary schools follow on from primary school, primary schools and prepare for voc ...
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Vocational School
A vocational school is a type of educational institution, which, depending on the country, may refer to either secondary or post-secondary education designed to provide vocational education or technical skills required to complete the tasks of a particular and specific job. In the case of secondary education, these schools differ from academic high schools which usually prepare students who aim to pursue tertiary education, rather than enter directly into the workforce. With regard to post-secondary education, vocational schools are traditionally distinguished from four-year colleges by their focus on job-specific training to students who are typically bound for one of the skilled trades, rather than providing academic training for students pursuing careers in a professional discipline. While many schools have largely adhered to this convention, the purely vocational focus of other trade schools began to shift in the 1990s "toward a broader preparation that develops the acade ...
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Non-profit
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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BN Vocational School
BN Vocational School is a private, tuition-free vocational school in Beijing, China. The school was established in September 2005. It was founded by Yao Li. BN Vocational is the first tuition-free, not-for-profit, vocational secondary school in China. Education Some of the services that BN Vocational School provides include professional education for impoverished youths including the children of migrant workers, vocational training, and pre-employment training. BN Vocational is the first privately run and funded school in Beijing servicing migrant children of high-school age. It develops the practical skills of the children of the most disadvantaged sector of workers. Majors include home and property management, plumbing and air-conditioning, and technical maintenance and electrician. Recruitment Prospective students must have completed middle school then passed a customised entrance examination. The examination is centred on Chinese and mathematics. A maximum of 100 students ar ...
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Financial Services Development Council, Hong Kong
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessment ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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China–United States Exchange Foundation
The China–United States Exchange Foundation (CUSEF) is a Hong Kong-based nonprofit organization whose stated aim is to encourage dialogue and exchanges between the people of the United States and China. CUSEF was founded in 2008 by Tung Chee-hwa, a billionaire, former Chief Executive of Hong Kong, and vice chair of the Chinese People's Political Consultative Conference, who remains the chairman of the foundation. CUSEF's governing board has included members such as Ronnie Chan, Elsie Leung, and Victor Fung. CUSEF donates to universities and think tanks in the U.S. while also sponsoring trips for journalists, students, and former U.S. officials and politicians to China to speak with officials. According to various journalists and academics, CUSEF is a central part of the Chinese Communist Party's united front strategy of influence in the U.S. History According to Foreign Agents Registration Act (FARA) filings, CUSEF is classified as a "foreign principal" which has hired lo ...
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Brookings Institution
The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in economics (and tax policy), metropolitan policy, governance, foreign policy, global economy, and economic development. Its stated mission is to "provide innovative and practical recommendations that advance three broad goals: strengthen American democracy; foster the economic and social welfare, security and opportunity of all Americans; and secure a more open, safe, prosperous, and cooperative international system." Brookings has five research programs at its Washington campus: Economic Studies, Foreign Policy, Governance Studies, Global Economy and Development, and Metropolitan Policy. It also established and operated three international centers in Doha, Qatar (Brookings Doha Center); Beijing, China (Brookings-Tsinghua Center for Public P ...
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Qunar
Qunar.com is a Chinese online travel agency headquartered in Beijing. Qunar () means "Where to go" in Chinese. History The website was founded in May 2005. In 2011, Baidu acquired a majority interest in the company for $306 million. In November 2013, the company listed its shares on the NASDAQ. In October 2015, Baidu sold its stake in the company to Trip.com Group (formerly Ctrip) for a stake in Trip.com Group. In February 2017, the website was acquired by Ocean Management Holdings Limited (远洋管理有限公司), and underwent privatisation by de-listing from NASDAQ. Customer Service during COVID-19 The complaint reached its highest point during the COVID-19 outbreak in China, when the Civil Aviation Administration of China (CAAC) issued a statement on its website on January 21, 2020, requiring airlines and travel agencies should handle their refund requests free of charge for passengers who have already purchased flight tickets to or from Wuhan, Hubei and wish to c ...
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