Goldman Sachs to invite Hong Kong billionaires to invest in Facebook

Beijing time January 6 afternoon news, investment bank Goldman Sachs intends to set up a special purpose tool for social networking site Facebook to raise money, and to sell to local rich Hong Kong. People close to the situation said Goldman had earmarked about 25% per cent of its fund-raising capacity to Hong Kong's wealthy customers, or HK $3 billion, and hoped that their respective subscriptions would not exceed 100 million dollars, ideally tens of millions of dollars. Property developers such as Henderson Real Estate Chairman Shau, New World Development Chairman Tung, Chinese Estates chairman Lau and vice chairman of the Far East development Chundachang are all sales targets of Goldman Sachs.　　The list is to be implemented as soon as next week.　　Goldman's purchases of less than 1% per cent of private Facebook deals became the focus of the month, and U.S. regulators are deciding how to implement the Volcker Rule, which aims to limit the investment behavior of banks ' own funds. Analysts say banks are still trying to find high return deals, despite stringent regulatory rules and uncertain market conditions that have left banks with lucrative trading products in the pre-crisis boom. (Wood)