It’s So Hot In Shanghai That People Are Camping Out In Air Conditioned Subway Stations

August 10, 2013 Leave a comment

It’s So Hot In Shanghai That People Are Camping Out In Air Conditioned Subway Stations

ADAM TAYLOR AUG. 9, 2013, 3:15 PM 2,083 1

Almost 400 people have been camping out a Shanghai Metro station, making use of the air conditioning that many don’t have at home, Shanghaiist reports, hoping to beat a horrible heatwave that has hit the city. Looking at pictures, the people at Xingzhong Road station appear to have planned ahead, bringing cardboard and sheets to lie on. Amazingly, the station seems to be pretty cool about it — though a Shanghai Metro spokesperson did ask that those enjoying the A/C refrain from drinking, smoking or playing cards. It may seem like extreme behavior, but the weather may well merit it. The Washington Post’s Capital Weather Gang reports that Shanghai saw its hottest July in 140 years, with temperatures soared to 100ºF or higher for 10 straight days between July 23 and August 1. All across China’s east record temperatures are being set. These photos, shared to Weibo, capture the scene:

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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