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Post by zuolun on Jan 20, 2014 10:22:21 GMT 7
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Post by stockpicker on Jan 20, 2014 14:12:24 GMT 7
These Ang Mos are good. Goldman started selling ICBC in Jan 03 when the price was about $5.8, almost at the peak.. when Temasek got the remaining ICBC share from Goldman, it was sold at $ 5.5 per piece.. now the price is 4.79.. if it cannot recover from this price, it will want to go lower.. judging from the recent incident, this would be the case.  |
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Post by zuolun on Jan 20, 2014 14:17:58 GMT 7
These Ang Mos are good. Goldman started selling ICBC in Jan 03 when the price was about $5.8, almost at the peak.. when Temasek got the remaining ICBC share from Goldman, it was sold at $ 5.5 per piece.. now the price is 4.79.. if it cannot recover from this price, it will want to go lower.. judging from the recent incident, this would be the case. Yes, the Ang Mohs win the elite scholars, anytime...
黑狗得食，白狗当灾。 |
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Post by stockpicker on Jan 21, 2014 9:16:56 GMT 7
As expected, PBOC injected US$42bil into the banking system and the benchmark seven-day repurchase rate, a gauge of interbank funding availability, slumped 134 basis points to 5.25 percent as of 9:22 a.m. in Shanghai. Everything back to normal and SSE jumped more than 1% just now.. another cycle begins until the next credit crunch..meanwhile, those sufferers in shadow banks and the smaller banks can only see their money going into the drain.. but they have no choice, they will have to borrow at higher rate again when the tides go down.. but how many times can they do that? What would the smarter ones do next? Playing "who would blink first" game? PBOC only needs a few billions to quench the "thirst".
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Post by stockpicker on Jan 21, 2014 13:41:27 GMT 7
Though foreign reserves of a country cannot be used to judge whether a country is in financial trouble as a country may cumulate debts that is more than the foreign reserves but it does show that the country at least having enough "fat" to tie over difficult financial periods. Just like we do, if we have credit crunch and short of money in our pocket, we are not too worry if we have money in the banks or assets that we can sell. China presently has 25 times more foreign reserves than the US and is growing compare to US which is shrinking. Those speculating that China will soon have a credit crisis may have to think twice before they short China. Similarly, those who think that Singapore will be going through the Icelanic style of crisis may have to be careful when they decided to short Singapore. Singapore has 6 times more foreign reserves and is growing whereas Iceland's reserve kept shrinking after Jan 12. At the time during the 2008 Iceland financial crisis, Iceland only has slightly less foreign reserves as present.  |
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Post by zuolun on Jan 23, 2014 8:04:03 GMT 7
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Post by stockpicker on Jan 27, 2014 13:45:32 GMT 7
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Post by stockpicker on Jan 29, 2014 20:11:45 GMT 7
The writer of this article is a bit naïve when he pointed out that China is not smart in accumulating US Treasury to that extend. It pointed out the following:-
a) The Treasury bills are just a piece of paper that will be worthless if there is a confrontation;
b) China afraid of US Dollar's integrity and therefore buying those bonds;
c) China capital system is primitive and it is centrally controlled and money is just sitting idling;
d) China dumping US Treasury? No worry, it will be taken up by others;
e) China would be paid US Dollars if they dump.
These AngMos just do not know China and the Chinese people. They are shrewd businessmen. Understand a lot Chinese are not interested in US bonds any more, they are buying up properties; even such that there is a "hope" in Detroit for the "Chinese will save Detroit".
www.forbes.com/sites/steveforbes/2014/01/22/china-is-dependent-on-our-fiscal-health/ |
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Post by stockpicker on Feb 24, 2014 7:40:53 GMT 7
This is probably why SSE was not performing last week
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Post by stockpicker on Feb 24, 2014 8:37:58 GMT 7
The housing developers are now facing difficulties in China as the housings sale slumped in many parts of China. They are running away from the 3rd and fourth tier cities and stop big housing projects in rural areas and prevent taking up high interest loans. finance.qq.com/a/20140224/008220.htmHowever, in some cities like Shanghai, the new home housing prices are still rising in January finance.qq.com/a/20140224/009035.htm |
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Post by me200 on Feb 24, 2014 9:12:56 GMT 7
China Downplays Yuan, Banking Risk as Zhou Sees 7% to 8% Growth
China’s Finance Minister Lou Jiwei played down yuan declines and the risks from shadow banking as central bank Governor Zhou Xiaochuan signaled that the nation’s economy can sustain growth of between 7 percent and 8 percent.
This is probably why SSE was not performing last week |
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Post by oldman on Feb 26, 2014 11:11:16 GMT 7
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Post by me200 on Apr 4, 2014 6:00:40 GMT 7
No hard landing for Chinese economy, says IMF chief - ST 4 Apr 2014
Lagarde downplays fears weakening economy could derail growth in region.
CHINA will see reduced growth, but there will be no hard landing for the world's second-largest economy, International Monetary Fund (IMF) managing director Christine Lagarde has said.
And while a Chinese economy losing steam and tempers rising over territorial disputes may have rattled some nerves in the region, Ms Lagarde still holds Asia as a bright spot in a global economy that is slowly turning the corner.
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Post by zuolun on Apr 21, 2014 17:40:31 GMT 7
Shanghai Composite Index closes down 1.52% at 2065.83
April 21st, 2014
CS1300 Index closes down 1.7%. More jitters as Chinese securities regulator released a draft prospectus for 28 new firms planning to list, marking the resumption of IPOs after a two-month break. The news, on top of weaker data, has unnerved investors further.
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Post by zuolun on May 10, 2014 8:34:34 GMT 7
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A Chinese report disclosed last Friday that investors have been warned by China Credit Trust Co. that they may not be repaid when one of its wealth management products matures on January 31, the first day of the Year of the Horse. The Industrial and Commercial Bank of China (ICBC) sold the China Credit Trust product to its customers in inland Shanxi province. This bank, the world’s largest by assets, on Thursday suggested it will not compensate investors, stating in a phone interview with Reuters that “a situation completely does not exist in which ICBC will assume the main responsibility. 
