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The sole purpose of this blog is to provide those interested in self-education with the resources necessary to improve their business knowledge. Free resources from bulge bracket banks, universities, and international think-tanks are made available in one convenient place.

Wednesday, February 1, 2012

Xi Jinping: A Background




Xi Jinping is the man who is going to take over for Hu Jintao as the leader of China. He will succeed Mr. Hu as General Secretary in 2012 and as President in 2013. He has been named to Time's 100 List of Most Influential People in 2009 and again in 2011. His wife, Peng Liyuan is a famous Chinse folk singer. Please enjoy a brief biography of the man set to lead China for the next decade.

Childhood. Xi Jinping was born in 1953 in Beijing. His father, Xi Zhongxun, was one of the founders of the guerrilla communist movement. Xi Zhongxun fell out of party favor when he was accused of disloyalty to Mao Zedong. Despite this, Xi Zhongxun was a major contributor to the growth of China as he was the man responsible for proposing and implementing China's first economic zone in Shenzhen. Xi Jinping studied Chemical Engineering at Tsinghua University. Following this he gained military experience by serving as the personal secretary to Geng Biao, the then Secretary General of the Central Military Commission. Geng Biao was a close friend of Mr. Xi's father.

Experience. Xi Jinping has served in several diverse roles throughout his political career. In 2000 he served as governor of Fujian province. In 2002, Xi served in senior government and party positions in Zhejiang Province. While in Zhejiang, Xi provided the economic environment which secured growth rates averaging 14% per year. His career in Zhejiang was marked by tough and straightforward stance against corrupt officials, which earned him a name on the national media and drew the attention of China's top leaders. Xi Jinping currently serves as Vice President of the People's Republic of China. In 2008 Xi was put in charge of preparations for the Summer Olympics. Xi visited the United States in 1985. He was leading an animal-feed delegation through a tour of farms in America's heartland. This experience is said to have sparked a great connection between Xi and America.

Thursday, January 19, 2012

MS and BAC Earnings Presentations

Bank of America announced $2bn in 4th quarter 2011 earnings this morning, while Morgan Stanley reported a net loss of $250 million for the quarter. Morgan Stanley's net loss comes as a result of their settlement with bond insurer MBIA.

Click to Download:

BAC Q4 2011 Earnings Presentation
BAC Q4 2011 Financials

MS Q4 2011 Earnings Presenation
MS Q4 Financials (PDF)
MS Q4 Financials (Excel)

Hong Kong's Synthetic ETF Market Challenged

Synthetic ETFs has long been scrutinized as risky, misleading, and non transparent. Proponents argue they minimize tracking errors. These products are in the news again as research consulting firm Celent says "Singapore may displace Hong Kong as Asia’s hub for synthetic exchange-traded funds due to regulatory changes."

Singapore to Beat Hong Kong as Synthetic ETF Center [Bloomberg]


Saturday, January 14, 2012

Reaction to Ma's Re-Election in Taiwan

Ma Ying-jeou, 61, has won re-election in Taiwan. "My winning shows that people in Taiwan agree with our effort to strive for peaceful cross-Strait relations," Mr. Ma said. Tsai Ing-wen was the first female presidential candidate in Taiwan's history. Results:

In the News...

As we await the results of the Taiwan elections, here whats in the news:

Friday, January 13, 2012

J.P. Morgan Reports $18.98bn Profit For 2011

J.P. Morgan Chase reported their Q4 2011 and 2011 full year earnings Friday. The bank reported lower Q4 earnings due to lower profits in the Investment Banking Division. JPM shares fell 2.5% on the day. Details below: