My brother, sister-in-law and niece is in town!
Drop all trades, time to play with kids!
Made some handsome profits yesterday, all trades were closed.
China Trade Surplus is higher than expected, indicating more pressure on RMB appreciation.
How would US Trade Balance be like?
Today's Announcement (GMT+8 SG/MY Time)
US 20:30: Mar Trade Balance, expected: -$46.8B
Tomorrow's Announcement (GMT+8 SG/MY Time)
US 20:30: Retail Sale, Expected: 0.5%; PPI, Expected: 0.6%; Unemployment Claims, Prev: 474k.
Showing posts with label China. Show all posts
Showing posts with label China. Show all posts
Wednesday, May 11, 2011
Wednesday, January 26, 2011
Some China Banks Voluntarily Raise Interest Rates - Report
From Dow Jones Newswire
SHANGHAI (Dow Jones)--Some Chinese banks have voluntarily raised interest rates on their loans from 10% to 45%, the China Securities Journal reported Wednesday, citing unnamed industry sources.
The bank has reached its January loans target and have ordered its branches to raise interest rates so as not to exceed the bank''s quota, the paper said, citing a source.
Another unnamed joint-stock bank has also raised interest rates for loans extended to small and medium-sized enterprises by about 40% since the beginning of the year, the paper said, citing another source.
Meanwhile, the China Business News reported Wednesday that new yuan loans this year have reached CNY1.2 trillion as of Jan. 24, citing an unnamed authoritative source.
The robust amount of lending underscores the challenge faced by China as it seeks to combat inflation. In its latest move to tackle rising prices, the central bank raised banks'' reserve requirement ratio by half a percentage point Thursday, following six hikes last year.
Financial institutions in China extended CNY7.95 trillion of loans in 2010, above the official target of CNY7.5 trillion. In 2009, bank loans hit a record CNY9.6 trillion, as the government sought to boost the economy after the global financial crisis.
Link: Newspaper Website
SHANGHAI (Dow Jones)--Some Chinese banks have voluntarily raised interest rates on their loans from 10% to 45%, the China Securities Journal reported Wednesday, citing unnamed industry sources.
The bank has reached its January loans target and have ordered its branches to raise interest rates so as not to exceed the bank''s quota, the paper said, citing a source.
Another unnamed joint-stock bank has also raised interest rates for loans extended to small and medium-sized enterprises by about 40% since the beginning of the year, the paper said, citing another source.
Meanwhile, the China Business News reported Wednesday that new yuan loans this year have reached CNY1.2 trillion as of Jan. 24, citing an unnamed authoritative source.
The robust amount of lending underscores the challenge faced by China as it seeks to combat inflation. In its latest move to tackle rising prices, the central bank raised banks'' reserve requirement ratio by half a percentage point Thursday, following six hikes last year.
Financial institutions in China extended CNY7.95 trillion of loans in 2010, above the official target of CNY7.5 trillion. In 2009, bank loans hit a record CNY9.6 trillion, as the government sought to boost the economy after the global financial crisis.
Link: Newspaper Website
Tuesday, October 19, 2010
Chinese Hike Boosts Dollar, But Hits Equities, Commodities
LONDON -- China's central bank surprised the European markets Tuesday with its decision to raise interest rates, sending the dollar higher but weakening commodities and equities.
The People's Bank of China said in a statement it will raise the one-year yuan lending rate to 5.56% from 5.31%, and the one-year yuan deposit rate to 2.5% from 2.25%, effective Wednesday.
This is the first rate hike by the Chinese central bank in almost three years--since December 2007--and comes as the Beijing government attempts to contain inflation and soaring property prices.
The majority of the impact was felt in the foreign exchange markets, where the U.S. dollar appreciated sharply at the expense of the high-beta currencies, like the Australian, Canadian, and New Zealand dollars.
"In effect, the move by the Chinese has drawn capital out of risk and reaffirmed the recent long-dollar trend," said analysts at Brown Brothers Harriman.
By 1220 GMT, the dollar was trading at $1.3860 to the euro, compared with $1.3934 late Monday in New York, and at $0.9804 to the Australian dollar, far removed from the day's high of $0.9957.
The impact of the move was also felt in the commodity markets, as it is likely to slow down China's growth.
"The rationale behind this is that very easy Chinese monetary conditions have been one of the primary drivers for global asset demand (including commodities) and that this start to the rate-hiking cycle will tighten monetary conditions, thus reducing demand from China at the margin," noted RBC Capital Markets.
Spot gold fell around $11 to $1357 per troy ounce, while the benchmark November Nymex crude contract was $1.19 lower at $81.89 per barrel.
Equity markets turned negative on the news, with basic-resources stocks hit hard amid concerns that the higher borrowing costs might stunt Chinese demand for the related commodities.
By 1210 GMT, the Stoxx Europe 600 Basic Resources index was down 2.1%, while the more general Stoxx 600 index was 0.3% lower.
The impact was less obvious in the sovereign debt markets, as the benchmark December German bund contract edged off its lows, before drifting down in line with U.S. Treasurys.
By 1220 GMT, the December bund contract stood at 130.14, 0.42 lower.
The People's Bank of China said in a statement it will raise the one-year yuan lending rate to 5.56% from 5.31%, and the one-year yuan deposit rate to 2.5% from 2.25%, effective Wednesday.
This is the first rate hike by the Chinese central bank in almost three years--since December 2007--and comes as the Beijing government attempts to contain inflation and soaring property prices.
The majority of the impact was felt in the foreign exchange markets, where the U.S. dollar appreciated sharply at the expense of the high-beta currencies, like the Australian, Canadian, and New Zealand dollars.
"In effect, the move by the Chinese has drawn capital out of risk and reaffirmed the recent long-dollar trend," said analysts at Brown Brothers Harriman.
By 1220 GMT, the dollar was trading at $1.3860 to the euro, compared with $1.3934 late Monday in New York, and at $0.9804 to the Australian dollar, far removed from the day's high of $0.9957.
The impact of the move was also felt in the commodity markets, as it is likely to slow down China's growth.
"The rationale behind this is that very easy Chinese monetary conditions have been one of the primary drivers for global asset demand (including commodities) and that this start to the rate-hiking cycle will tighten monetary conditions, thus reducing demand from China at the margin," noted RBC Capital Markets.
Spot gold fell around $11 to $1357 per troy ounce, while the benchmark November Nymex crude contract was $1.19 lower at $81.89 per barrel.
Equity markets turned negative on the news, with basic-resources stocks hit hard amid concerns that the higher borrowing costs might stunt Chinese demand for the related commodities.
By 1210 GMT, the Stoxx Europe 600 Basic Resources index was down 2.1%, while the more general Stoxx 600 index was 0.3% lower.
The impact was less obvious in the sovereign debt markets, as the benchmark December German bund contract edged off its lows, before drifting down in line with U.S. Treasurys.
By 1220 GMT, the December bund contract stood at 130.14, 0.42 lower.
By Peter Nurse, Dow Jones Newswires; +44-20-7842-9288; peter.nurse@dowjones.com
Thursday, September 30, 2010
HKSE
Ayumi has been taking her own sweet time to come up with the shortlisted China H Shares....
Ayumi has better management of her time now... today, will be the day for some serious studies.
Today, mark the end of Q3, tomorrow, mark the 1st day of Q4, I am feeling great and hope all readers has the extraordinary, fruitful Q4 with many many profits! Ayumi already start to imagine her 1st competition in October, celebration in November, 2nd concert in December, then Christmas, then New Year 2011!
Whatever comes up in mind, is a vision, lets plant the seeds of growth, today!
^___^
China
Healthcare
China Shineway HKD 27.05
Guangzhou Pharmaceutical HKD 8.52
Sinopharm HKD 31.70 (high PE, highest EPS CAGR among 3)
Property
Agile HKD 8.94
China Overseas Land HKD 16.82
China Resources Land HKD 16.50
Guang Zhou R & F HKD 11.14
Hopson HKD 9.00
KWG HKD 6.13
Minmetals Ltd HKD 1.62
Poly HK HKD 8.39
Shimao Property HKD 13.30
SOHO China HKD 5.49
Yanlord (YLLG SP) SGD 1.72
Gaming
SJM Holdings HKD 9.00 (preferred)
Wynn Macau HKD 13.76
Oil and Gas, Power
PetroChina
China Petroleum and Chemical (SINOPEC)
China Shenhua
CNOOC
Huaneng Power
China Coal
Ayumi has better management of her time now... today, will be the day for some serious studies.
Today, mark the end of Q3, tomorrow, mark the 1st day of Q4, I am feeling great and hope all readers has the extraordinary, fruitful Q4 with many many profits! Ayumi already start to imagine her 1st competition in October, celebration in November, 2nd concert in December, then Christmas, then New Year 2011!
Whatever comes up in mind, is a vision, lets plant the seeds of growth, today!
^___^
China
Healthcare
China Shineway HKD 27.05
Guangzhou Pharmaceutical HKD 8.52
Sinopharm HKD 31.70 (high PE, highest EPS CAGR among 3)
Property
Agile HKD 8.94
China Overseas Land HKD 16.82
China Resources Land HKD 16.50
Guang Zhou R & F HKD 11.14
Hopson HKD 9.00
KWG HKD 6.13
Minmetals Ltd HKD 1.62
Poly HK HKD 8.39
Shimao Property HKD 13.30
SOHO China HKD 5.49
Yanlord (YLLG SP) SGD 1.72
Gaming
SJM Holdings HKD 9.00 (preferred)
Wynn Macau HKD 13.76
Oil and Gas, Power
PetroChina
China Petroleum and Chemical (SINOPEC)
China Shenhua
CNOOC
Huaneng Power
China Coal
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