August Learn how and when to remove this template message. Joined the company in with more than 20 years of industry experience. East Money is a leading integrated operator of the internet financial information platform.
Previously, Bacci held various senior management positions with William E. Stephen Chang, managing director, is head of the Asian Fixed Income team. Based in Hong Kong, his team is responsible for managing bond portfolios in the region and is active in Asian credit instruments across investment grade and high yield to local currency bonds and convertibles. In addition, his responsibilities include setting macro and asset allocation strategy as part of the broader emerging market debt team.
Prior to joining the firm in , Stephen worked with the Royal Bank of Scotland in Hong Kong as senior interest rates and derivatives trader. He holds a B. In his role, Richard manages the investment team in IGW.
He has nearly 20 years of experience in investments, having held equity and fixed income positions in Asia Pacific region. She manages the audit of a number of local and international investment banks, fund managers, funds and securities companies.
She also has participated in a number of internal control review projects for asset management, banks and securities companies and has extensive experience in regulatory review projects for MPF service providers, fund managers and banks. Vivian has detailed knowledge and experience in the controls and operational aspects of asset management and securities companies and has extensive special work experience in these sectors. She has worked with various industry associations on thought leadership publications in the investment management sector.
He also co-manages the Asian Bond Fund. Sean has worked across Pensions, Insurance and Investments for almost 20 years. Chris Hancorn is the Partner who leads the Hong Kong team of PwC's Asia Actuarial Services practice, applying the risk and analytical skills of actuaries to the life insurance industry, banking and other capital-intensive projects and industries.
He has over 20 years of experience in risk management, capital management, market reporting, product design, pricing and distribution, and actuarial valuation for long-term insurers, and has provided advice to other industries on risk management and financial modelling.
Chris is an expert in risk and capital management for long-term insurers, and led a number of major projects for large insurers to develop capability in this area. Chris is an active member of the Actuarial Profession.
He served on Council of the Faculty of Actuaries from and a number of working parties, and is a Fellow member of the Actuarial Society of Hong Kong. Jia has been joining ICBC since , before that, she worked as a financial consultant and project manager of a private equity investment firm. Jia is in charge of the division of Global Custody Service. She had been the relationship manager for diversified global asset managers and FI.
Jia was in charge of planning and marketing of Chinese insurance companies and private equities regarding domestic custody business. Prior to his current role, Mr. Lu has extensive experience and expertise in asset management area. Lu has been practicing in retails funds area since She acted as the legal counsel for the leading Chinese and global banks, insurance companies, securities firms and trust companies to set up the fund management companies in China to engage in retails fund management business.
She acted as the legal advisor for a few hundred of funds for its launching and management, among which the most innovative fund products are included. Lu is often invited to provide legislative advices for the Chinese regulators and industry associations in China and Hong Kong.
Pan has more than 20 years of industry experience in asset management and financial services, with a proven track record in sales and relationship management across the key Greater China markets. He joins Invesco from J. Pan began his career in at J. Morgan Asset Management and held a number of roles across different functions, including client advisory services, investment communications and marketing.
In , he joined 2cube Securities as Vice President, Sales and played a key part in launching one of the first online trading portals in Hong Kong. He is also a holder of the CFA designation. Leigh has worked as a professional journalist for 20 years. He relocated to Hong Kong in where he has worked for the South China Morning Post three years , Agence-France Press news wire one year and capital markets magazine Asiamoney four years. He joined AsianInvestor as managing editor of its website in September At the start of Leigh was promoted to AsianInvestor editor.
He married a fellow British journalist turned teacher and together they live on an outlying Island with their two young sons. He and his team rate Asian credits and produce credit research across various industries. In his previous publishing role, he was ranked 4th best Asian fixed income analyst by FinanceAsia's investors' survey.
His credit research career spans over 21 years in the US, Hong Kong, Singapore, and Thailand and entails various capabilities from project finance, leverage finance, credit risk management, sell-side credit research, buy-side credit research, and rating advisory.
His experience also spans different geographical specializations North America, Europe, and Asia and various industries of both financial institutions and corporates.
He established East Money Information Co. East Money is a leading integrated operator of the internet financial information platform. Its website is the most influential financial information platform in China, with the most access amount and page view, and the most user stickiness. And its Tian Tian Fund fund.
East Money was one of the first four companies which got the authorization of third party fund sales license from China Securities Regulatory Commission in Feb.
He is responsible for managing the Asian investment team based in Hong Kong. The former won the Best Eastern trust award in Wilfred received his B. He is fluent in English, Cantonese and Mandarin. However, there is not a set in stone way for a punter to calculate the place odds as there is with an each-way bet, and the special place only odds offered by bookmakers can vary quite a bit, both bigger and smaller, from the place odds you would receive if betting each-way.
This is particularly true in "bad each-way" races, where the place odds are much less generous than if you bet each-way. The upside to this however goes back to what was said above; since the punter does not have to "waste" half their stake on the win part of the bet. The Tote Exacta operates in the same way as a normal bookmaker's straight forecast. As always the Tote price for the forecast is always based on the betting pool dividend. A forecast is to predict the correct order of the horses finishing first and second.
If the bet contains a non-runner the bet becomes void and unnamed favourites are not allowed. Single Exacta straight forecast.
Pick in the correct order the horses which will finish first and second. Combination Exacta reverse forecast. Pick in either order the horses which will finish first and second.
This bet is actually two bets in one, it is exactly equivalent to two straight forecasts, the first of which you select horse A to beat horse B, and then the second is for horse B to beat horse A. It's possible to specify more than two horses, at which point the bet becomes more complex, for example with three horses the individual bets are now a-b, a-c, b-a, b-c, c-a, c-b.
Banker Exacta banker forecast. Pick a horse which you think is going to finish first, and then any number of horses to finish second. For instances, with a banker horse a, and with three additional horses, the bets are a-b, a-c, a-d. Bookmakers that are not Tote-syndicated will offer their own forecast prices based on their own odds that they are quoting.
However bookmakers will normally allow you to place a 'Tote forecast' and will pay out whatever the Tote dividend payout was. Also known as a Trifecta: This is generally really difficult to do and the dividend for getting it right is correspondingly better. The Tote can nominate races containing more than 8 runners as Trifecta races. There are three types of Trifecta, the Single, Combination and Banker and they work the same way as Exacta bets, only with three horses instead of two.
A Quadpot is operated on one race at every meeting in the UK and it takes place on the third to sixth races on the card. The aim is to pick a horse that will be placed in each one of these races, according to the placing rules stated in the Tote Place section above. The minimum bet is 10p. The dividend is declared after the result of the last race is known and thus the betting pool divided by the remaining stakes which are left.
One may select the favourite instead of naming a specific horse. The Placepot is identical to the Quadpot except it operates over the first six races of a race card. All UK race meetings have six races as a minimum, occasionally seven and rarely eight, but the Placepot is always operated on the first six. This bet is very popular as it has the potential to allow a gambler involvement in the whole of the race card.
The minimum bet is 5p. Here is a worked example:. The first race the gambler has opted to choose two horses. Maybe the gambler isn't confident of his abilities or maybe it is a large field and the gambler feels unable to just place one horse. On race two the gambler has elected to roll with the favourite, whatever it may be. In the final race the gambler has chosen three selections.
This is often driven by the motive that if the gambler reaches the last race and still has a bet on, he doesn't want to lose out in the last race by only having one selection. If after the first race the gambler has failed to pick a selection which was placed then the bet is over. If a selection is placed, then the bet continues, and the winnings are transferred as the stake on the second race. In this example, horse 2 may be placed and horse 7 unplaced, which means the bet continues — but there are now only 6 valid combinations for winning left.
However, there isn't a science to guessing what the placepot might be, the placepot dividend is the calculation of the number of tickets left divided by the pool money. If a selection becomes a non-runner it will be replaced by the Starting Price favourite.
Where there are joint favourites and the gambler has selected to roll on the Favourite, then the horse with the lowest race card number will be taken. If the favourite withdraws for instance, the horse refuses to enter its starting gate and the market has no time to select a new favourite the horse with the next shortest odds will become the favourite. It's rare for a race card to progress without a couple of non-runners so a gambler will be affected by these rules from time to time.
The Tote Jackpot is a bet where you have to pick the first 6 winners at a meeting nominated by The Tote.