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全球最大金屬對沖基金Red Kite：銅價前景樂觀

來源: http://wallstreetcn.com/node/72043

全球最大的金屬對沖基金紅風箏（Red Kite）對銅價前景表示樂觀，理由是冶煉企業將受益於銅精礦供應增加，同時全球經濟複蘇勢頭增強。 紅風箏基金是全球最大的銅交易基金，曾被疑為當年“國儲銅事件”的幕後主角。該基金2013年的回報率高達50%。 該基金聯合創始人David Lilley稱， 銅礦產量已經超越了精銅產量，未來6個月內銅冶煉產能瓶頸不太可能被突破。此外，他認為全球經濟複蘇將加速。據彭博經濟學家調查顯示，預計今年全球經濟增速將加速2.8%。 David Lilley管理著超過23億美元的資產。 據Metal Bulletin 的數據顯示，11月LME銅溢價處於7年多高位，而全球最大銅消費國——中國銅溢價2013年更是增長了三倍之多。倫敦、上海、紐約三地銅庫存總量已經達到自2012年10月份以來的最低水平。 Lilley對彭博社表示： 從2005年—2006年以來，精銅市場氛圍從未如此緊張——庫存量處於低位，而銅溢價則處於歷史高位。此外，精銅供應仍緊張。 LME三個月期基準合約去年全年累計下滑7.2%，回調近2/3。交易所銅價自2013年6月份至當年年終累計下跌46%。 Lilley稱： 我們相信三年跌勢已經告終，銅價將步入上行通道。所有工業金屬都將從全球經濟增長中受益。銅當然是其中之一，其庫存量處於低位，因此是最容易反彈的品種。 紅風箏基金（Red Kite）創立於2005年1月，具有金屬現貨貿易的深厚背景，坐擁倉儲企業Scale Distribution股份的40%。據悉，Red Kite自成立起即花費巨資豪賭金屬價格。據《華爾街日報》報道，該公司旗下一只基金2006年豪賭金屬價格，收益超過190%。

Red paint thrown at pair after firms go to court-百營環球資源(0761)、施展望

1 : GS(14)@2010-12-17 11:57:01

http://www.thestandard.com.hk/ne ... d=105890&con_type=1

Friday, December 10, 2010

The chairman of a listed company and his barrister were splashed with red paint outside Eastern Magistrates' Courts after they attended a hearing.

Bel Global Resources Holdings chairman Stephen Sy Chin-mong, 54, and his 49-year-old barrister were getting into their white vehicle yesterday when the paint was thrown at them.

Another car was also hit by paint.

There was paint on Sy's face and his lawyer had the substance all down his back and trousers.

It was not clear if there were one or two attackers.

A police spokeswoman said they have received a report of the incident.

The case was classified as criminal damage and the crime squad from Eastern District was investigating.

ADVERTISEMENT

Earlier in the morning, Sy and his companies - Bel Trade Investment Holdings and Elite Dragon - were fined HK$48,000 for failing to disclose their liabilities.

They were also ordered to pay HK$41,838 towards court fees.

A company spokeswoman declined to comment as police are investigating.

Sy was formerly chairman of the board of directors at Po Leung Kuk.

He was a director for China Overseas Friendship Association and also a member of the Eighth Chinese People's Political Consultative Conference of Fujian Province.

He was awarded the Hong Kong Young Entrepreneur Award and Hong Kong Ten Outstanding Young Persons Award in 1996.

STAFF REPORTER

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2 : GS(14)@2010-12-17 11:59:38

The SFC no longer announces the prosecution of directors and shareholders for failing to disclose their dealings, so an incident like this one is about the only time you would hear about such a prosecution.

證監會並未公佈對董事及股東因並未披露其持股變化的懲罰，所以這次(紅油)就是你首次你聽到這樣的懲罰了。

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Vegas Bet on Chinese VIPs Raises Red Flags With Feds

1 : GS(14)@2012-12-08 21:43:22

http://online.wsj.com/article/SB ... 48160626366488.html
AS VEGAS—It could easily be mistaken for Chinese territory. On the
36th floor of the Venetian hotel and casino sits the "Paiza," a unique
gambling salon and suites for high rollers from Asia, adorned with
traditional serene Chinese paintings and a karaoke room. Gambling tables
accommodate as few as one player, for patrons who prefer more privacy.
        


  
    
    
    
    

  
  
  

Las Vegas is on a winning streak with rich
Chinese gamblers, but the WSJ's Kate O'Keeffe explains why big bets are
raising red flags with the U.S. authorities.
        
      
The area is
named after a passport given centuries ago to important Chinese
officials and guests. And the importance of the guests is certainly not
in question: These "whales" of gambling are betting anywhere from
$10,000 to $400,000—per hand.
For Las Vegas Sands Corp.,
LVS -0.43%
owner of the Venetian, and a handful of other casino companies in Las
Vegas, this select niche has become a godsend for an industry stuck in a
financial losing streak for much of the past four years. Jumping on a
business that is virtually invisible to most casino goers, industry
giants like Sands, MGM Resorts International
MGM -0.36%
and Wynn Resorts Ltd.,
WYNN -1.07%
are rolling out the red carpet for an elite group of gamblers, and scoring some remarkable jackpots.
        
        
          
Enlarge Image


          
          
          
          
          
        
        
            
              Triad Story: Connection Seen to Las Vegas Operators
            
          
            
              Sands Probed in Money Moves
             8/4/2012
            
              China Gains Foothold in U.S. Energy
             3/6/2012
            
              In the Heart of the Rust Belt, Chinese Funds Provide the Grease
             2/11/12
        
      
In a single night during the Lunar New Year
last year, Wynn's Las Vegas resort won $16 million in table gambling,
the biggest tables-game night in its history. Asked at an investor
conference about the Chinese business in Las Vegas, Sands' CEO Sheldon Adelson described gambling as a "linchpin" of the Chinese culture. "In my second life, I'm coming back as Chinese," he said.
But while this Asian connection is a potential gold mine, it is
quietly attracting a related and controversial business that has drawn
the attention of federal authorities. China allows residents to take
only $50,000 in currency abroad a year, so some high rollers rely on
foreign tour operators, known as "junkets," to provide access to far
greater sums. Based in the Chinese gambling mecca of Macau, it is an
industry U.S. law enforcement officials and diplomats have long
suspected of money laundering and organized crime.
Now as the big U.S. companies are
upping the ante on their Chinese business, the U.S. Treasury enforcement
arm is focusing on whether some junket operators are importing a new
layer of money laundering to Las Vegas by obscuring the source of their
funding, the method for transferring it to high rollers and the
identities of the gamblers themselves. As part of that focus, the
Treasury's Financial Crimes Enforcement Network last month issued a web
alert to casinos advising them to monitor junket operations and junket
patrons and report "all available information" on any suspicious
activity.
        

        
      
The alert isn't the only headache Las
Vegas may face from the world of junkets. According to documents
reviewed by The Wall Street Journal, at least two alleged Chinese
organized crime figures are operating in Las Vegas through Macau-based
junkets; both have been members of Sands' high roller "Chairman's Club."
Law enforcement authorities say they are concerned about casinos
transferring junket deposits across international borders for patron
gambling; without the same scrutiny banks provide, those fund movements
carry a high risk of money laundering, they say.
People close to the junket industry also
provided the Journal with names of four operators who have been
registered to do business in Nevada—but who were found unsuitable last
year by outside investigators for Singapore's gambling authority. Three
of the four are still registered in Nevada, including one who
investigators said had hundreds of millions of dollars in unaccounted
for cash and assets, the people said. Nevada and Singapore gambling
officials declined to comment.
Spokesmen for Sands, MGM and Wynn declined to discuss the specifics
of their junket partnerships, but casino officials say they have been
able to limit junket presence in Las Vegas by working directly with
Chinese patrons. Indeed, while their ranks are growing, the number of
VIP gamblers from the mainland who are making the trip to Las Vegas is
still a relatively small group. The casinos also said their operations
comply with all laws and that their junket partners haven't been charged
with any serious crimes. "We can't be held to account for something
that legal authorities have yet to resolve," said Alan Feldman, a
spokesman for MGM.
Las Vegas' interest in the Chinese
sector is the latest example of U.S. companies noticing—and trying to
capitalize on—increasing flows of assets leaving mainland China. Of
course, that interest by Las Vegas isn't entirely new, dating back to at
least the 1980s, when Caesars Palace famously placed a Buddhist shrine
in front of its casino. Lunar New Year has long been a big event in
town, and some casino hotels avoid rooms with the number "4," considered
unlucky by some Chinese. Still, attracting travelers from mainland
China was rare, since travel was limited and casino companies had few
inroads into the complex gambling scene in Macau, the heart of Chinese
gambling.
        
Enlarge Image


        
        
        
        
        
        Associated Press
        
The Lunar New Year display inside the conservatory at MGM's Bellagio hotel and casino in Las Vegas.
      
In recent years, though, MGM, Wynn and
Sands have opened casinos in Macau, which has catapulted into the
world's largest gambling center, with a remarkable $34 billion in
gambling revenue last year, more than five times the size of the Vegas
Strip. The success the companies have had there—Wynn relied on Macau for
72% of its revenue last year—has given them a new incentive to create a
home-away-from-home for Chinese mainlanders. Sands alone poured $25
million into upgrading just one "Paiza" gambling center in Las Vegas,
while other casinos have been similarly generous, creating ultra luxury
gambling salons with Chinese TV and Chinese food delicacies.
"Guests can have anything they want anytime," Greg Shulman, a vice
president for marketing for MGM's Bellagio hotel, said on a tour earlier
this year of that casino's salon, decorated with gold and red hues and
private spaces. He called the adjacent dim sum and noodle joint "one of
the most important restaurants in the entire building."
In all, the number of mainland Chinese and Hong Kong tourists to Las
Vegas has shot up almost 80% over five years, to 188,000 last year. But
for casinos, the most important payout has come at its baccarat tables,
the game favored by Chinese high rollers. Revenue from that game rose
49% through July this year, compared with the same time period five
years ago, even as overall gambling revenue on the Strip fell almost
10%. Because of baccarat's growth, the game has jumped to more than one
fifth of all Vegas Strip gambling revenues, up from 13%.
"The baccarat growth is entirely driven by mainland Chinese
travelers," said Ben Lee, a casino consultant who has written
extensively about the junket market. "What you have is a small number of
people making a big impact."
        Red Flags
        
View Interactive
          


        
        
      
A good part of
that growth, insiders say, wouldn't have been possible without the
junket industry. Entrenched in Macau casinos since the 1980s, junkets
are essential to many Chinese high rollers because China has tight
restrictions on how much currency residents can carry abroad in a year.
The country doesn't recognize gambling debt either.
To assist high-rollers, junkets give players extensive credit lines
to gamble and then collect debts when the losses pile up. Some allow
high rollers to merely sign IOUs before they go abroad—but exactly how
junkets get around Chinese regulations is shrouded in mystery,
regulators say. "I still to this day have not had anyone be able to show
me how the money leaves mainland China and ends up in Macau," said Mark
Lipparelli, the outgoing chairman of the Nevada Gaming Control Board,
which has sweeping authority over Nevada casinos and their partners. "I
have yet to have anyone explain this to me in a coherent manner."
Analysts estimate there are as many as 10,000 people working in some
capacity for the junket industry, which runs from single-man shops to
formal firms. Many are tied to so-called "super junkets," conglomerates
that operate a wide range of junket activity and in some cases, end up
with quirky assets from years of debt collecting. According to one
former junket employee, Steve Karoul, a Mystic, Conn., casino consultant
who now advises investors on the industry, the parking lot of one
junket he worked for in the 1990s looked like a used car dealership,
because it had seized so many cars from gamblers unable to pay debts.
The company also seized real-estate assets, including a 400-room hotel.
"It's all gray market," he said.
        

        
        
        
        
        
        
        Alexandra Berzon
        
Baccarat table in the 'Paiza'
gambling lounge for Asian high-rollers on the 50th floor of Sands'
Palazzo hotel and casino in Las Vegas.
      
One
operator who talked to the Journal said the industry has been trying to
change its reputation, and now has some firms listed on foreign stock
exchanges. "Junkets are becoming more corporate," said Hoffman Ma,
deputy chairman of Success Universe Group Ltd., which has been in the
junket business since the 1990s. He said some Macau junkets still have
links with organized crime in China, but described that activity as
lessening, with junkets trying to make "more loans legitimate" and
realizing that "violence isn't going to work in Macau anymore."
Mr. Lipparelli, at the Nevada gaming board, said that while those
links may occur in Macau, his office has found no evidence of junkets
introducing organized crime to Las Vegas. "There's nothing that would
indicate that," he said. Still, according to two people knowledgeable
about junkets in Asia, private investigators working for the Casino
Regulatory Authority of Singapore reviewed the application of a junket
operator registered in Nevada—and recommended he not be approved because
he failed to disclose ties to a suspected organized crime figure. The
same investigators found another Nevada-approved operator, Chan Ting
Lai, unsuitable because he listed more than $250 million in cash and
assets he couldn't account for, according to the two people.
Reached in Hong Kong, Mr. Chan, owner of a large interior design firm
who has occasionally appeared at local entertainment industry events,
said he was still waiting for news on his application from the
regulatory authority in Singapore.
        
Enlarge Image


      
Nevada and Singapore regulators
typically share information, but a spokesman for the Nevada Gaming
Control Board wouldn't comment on whether the agency knew about the
outside investigators' report for Singapore. Agency officials say that
with hundreds of casino partnerships to monitor, it doesn't typically do
extensive reviews on applications for smaller operators. The gaming
board did recently increase registration fees, from $750 to $2,000, to
fund more thorough checks, but critics say it still needs to step up
scrutiny of Macau-based operators. "Macau is a real potential source of
embarrassment and difficulty for the Nevada regulators," said Bill
Eadington, a professor at the University of Nevada Reno who has studied
Macau junkets.
On the federal level, fund transfers between Macau and Las Vegas that
casinos handle for junkets have attracted the attention of the Treasury
Department. Chip Poncy, head of a Treasury Department policy office,
said such transfers are "a vulnerability we've seen for quite some time"
and that authorities are working with casinos and regulators to address
"the specific exploitation of it." Such transfers have long been a
concern for regulators internationally. "You've got these layers of
anonymity building up and building up so the player can hide between
quite a few layers of transactions," said Rachael Horton, a former New
Zealand casino regulator who wrote a 2009 report for the Financial
Action Task Force, an anti-money-laundering group based in Paris.
Casino officials for Sands, MGM and
Wynn say they comply with all federal requirements and have policies
guarding against money laundering; gamblers, they say, aren't allowed to
cash transferred funds in Las Vegas, just the winnings they make from
them. "Our company has a detailed compliance program that is submitted
to regulators," said Ron Reese, a Sands spokesman.
        

        
        
        
        Reuters
        
Charles Heung was identified as
a high-ranking triad figure in a 1992 U.S. Senate subcommittee report
on Asian organized crime. He has publicly denied being involved in
organized crime.
      
Details on the movement of funds for
Chinese high rollers into Las Vegas—and some of the more controversial
figures who may be involved—have also emerged since a high-profile,
wrongful-termination suit was filed in 2010 by Steve Jacobs, the former
head of Macau operations for Sands. In the suit, Mr. Jacobs filed copies
of a Sands ledger showing intracompany transactions between Macau and
Las Vegas with junket and individual names blocked out; the Journal has
now seen the names. Two people with past alleged ties to Chinese
organized crime groups known as triads are either listed in the
ledger—or are business partners of junkets on the document.
The two men—Cheung Chi Tai and Charles Heung—have each been
identified as high-ranking triad figures in a 1992 U.S. Senate
subcommittee report on Asian organized crime; the report, which followed
a series of triad-related arrests by the FBI, drew its findings from
law enforcement authorities and informants. More recently, a Hong Kong
appeals court judgment in March 2011 said Mr. Cheung was a "triad
leader" who ordered the death of a casino dealer. He wasn't charged in
the case, but a subordinate was sentenced for conspiracy to commit
murder.
        
Enlarge Image


        
        
        
        
        
        Las Vegas Sands Corp.
        
'Paiza' dining room.
      
Neither
Mr. Cheung nor Mr. Heung has been convicted of triad activity, and Mr.
Heung has publicly denied being involved in organized crime; when
contacted, representatives of the two men declined to comment. According
to people with knowledge of the company, both have also been members of
Sands' "Chairman's Club." The club is a select group of high-rollers
given exclusive access to Sands' most luxurious suites, six-figure
monthly expense accounts and extensive credit lines, according to a
court filing by Mr. Jacobs, who, through his attorney, has declined to
discuss his case.
For their part, Treasury and other law enforcement authorities who
have seen or are familiar with the Sands ledger say they are alarmed by
the size of some of the activity. Although the reasons for the fund
movements aren't known, the Journal found more than two dozen junket
operators on the ledger transferring a total of about $28 million from
2006 to 2010. One junket operator alone transferred $3.6 million in two
days between Macau and Las Vegas in 2009; another transferred $2.4
million in one day, according to the ledger.
        

        
      
Asked about the ledger, which was an
accounting document at Sands, Ron Reese, a company spokesman, wouldn't
comment on the money transfers, the company's use of junkets or any
people identified as moving money through casinos. "We believe the
company has acted properly and we will continue to cooperate with all
our regulators," he said. "But we will not compromise the privacy rights
of our customers."
In the end, some followers of the junket arrival in Las Vegas say the
biggest mystery may be the size of this new industry. In Macau, junkets
accounted for nearly three-fourths of the island's gambling revenues
last year, according to local regulators. Here in Las Vegas, casino
executives say the junket industry is much smaller, accounting for no
more than 20% of their mainland China VIP business. But some consultants
say that number is higher.
One problem: it is hard to track junket revenues because some junkets
don't use formal contracts—part of what Mr. Lee, the expert in the
Chinese gambling market, calls the "shadow junket" industry.
"Getting money over to America is even harder than getting money to
Macau," he said. "That's why the junkets have a big role in Vegas."
—Daniel Lippman, Chester Yung and Chun Han Wong contributed to this article.
        Write to         Alexandra Berzon at [url=mailto:[email protected]][email protected][/url], Kate O'Keeffe at         [url=mailto:[email protected]][email protected][/url] and James Grimaldi at         [url=mailto:[email protected]][email protected][/url]

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大熱闊腳褲高鼻徐子淇潮着Red Valentino

1 : GS(14)@2016-09-28 05:04:32

「千億新抱」徐子淇近月深居簡出，她前日和甄子丹一齊出席救助兒童會活動，潮着今期大熱的闊腳褲。不過，未知是否化妝有變，徐子淇看來鼻高了好多！今個秋冬季，闊腳褲當打，Victoria Beckham在紐約時裝周著鬆身濶褲謝幕後，更推波助瀾。各大時裝店狂推wide pants，徐子淇前日也穿了Red Valentino的闊腳長褲，再搭配白恤衫，時尚斯文不失潮味。徐子淇雖然已經精明眼，揀了高腰款，拉長雙腿線條，不過，一排金鈕的設計，強調了腰臀部分，令她看來有點微胖。更多時尚、美容新聞，即上：http://add.appledaily.com




來源: http://hk.apple.nextmedia.com/entertainment/art/20160928/19783985

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【啟德飛機再現】本土創意飛機　Red Bull飛行日爭住衝落海

1 : GS(14)@2016-11-27 14:28:24

《歡樂天地射牙仔》玩集體回憶。



啟德再有飛機起飛！Red Bull Flugtag飛行日2016會於11月27日於啟德跑道公園舉行，又有一班狂熱份子爭住飛或者衝落海。今次為第三屆，上兩次於2010和2014年舉辦，機會唔係年年有。呢個比賽隔着螢幕睇似鬥跳海多過鬥飛，除咗因為飛機全靠人力推動之外，參賽者都話最緊要開心，造型創意更緊要。比賽前記者去到飛機工場探班，吹氣小丑、Rock味戰車、邊爐、巨型BB乜都有，就係唔似飛機。喺度揀幾部香港人製作發揮本土創意嘅飛機畀大家睇媖，Red Bull呢類瘋狂手作比賽唔係剩係外國玩意，香港人都可以飛得有創意。

歡樂天地射牙仔

受訪者Mokit話佢同朋友已經四度參賽。（兩屆飛行日再加一次Red Bull砌車比賽），每次都是以集體回憶作主題。之前兩部飛機分別以打麻雀和紅白機做主題。上次更加飛出18米遠破了香港紀錄，今次再接再厲用上較輕材料，希望能飛得更遠。主題係歡樂天地，除咗有巨型吹氣小丑，現場表演更係精心準備，暫時畀我哋睇嘅有裝上小丑牙的道具衫和玩具槍，同現場觀眾玩經典射牙仔，仲話到時會有秘密驚喜畀大家。



《Mars Max》大部份材料皆是回收再用。

Mars Max

睇隊名同車身造型，都知是取材自電影《Mad Max》，套戲好狂野，但佢哋就好環保，成部車大部份物料都係回收物品，有車房執返嚟的Audi車頭、烏龍茶樽當引擎零件。不過佢哋就冇整到機翼，預咗飛唔起，連駕駛位都係就咁企上車尾，無懼跳海，最緊要夠型。



《重金屬BB》成員San話要借飛機講社會議題。

重金屬BB

BB都可變飛機，原來係想講鉛水事件調查完冇人跟進，不了了之。製成品打開尿片會係機翼，不過成員們都要返正職，預咗集體生病嚟趕工。



《World of Tim Burton》設計師Gary Tang指將插畫立體化最大難度。

World of Tim Burton

這隊團隊剛為大導演Tim Burton搞展覽，睇架車認唔到？其實設計者想大家認識T im Burton電影以外一面，呢個綠波波叫羅密歐，來自Tim Burton畫的插畫，講佢係一座山，遇上來自大海的朱麗葉，羅密歐變飛機跳海就好match了。



OutSign.Lab當日會作表演嘉賓和評判。

OutSign.Lab

上兩屆冠軍，因為太屈機變評判同示範嘉賓，今次夾埋「玩爆你個腎」Kevin Boy做機師，講明都拎唔到獎，但求玩得開心，團隊預告架太空戰鬥機會爆出驚喜。Sam同Soto兩位評判話比賽分三個評分準則，最緊要創意，跟住係現場表演，最後先係飛行距離。



記者：司徒港燊攝影：周芝瑩、劉永發




來源: http://hk.apple.nextmedia.com/su ... t/20161127/19846730

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