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Latest Forum Topics / OCBC Bank    Last:12.08    -0.18  Post Reply
3988 hk and its hk share listing
chartistkao1
Supreme
16-Mar-2023 13:34     
 
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http://aastocks.com/en/stocks/analysis/company-fundamental/dividend-history?symbol=02318
 
https://finance.sina.com.cn/jjxw/2023-03-16/doc-imykzspx7798207.shtml


chartistkao1      ( Date: 24-Feb-2023 09:52) Posted:

Giant operator Dairy Farm sells grocery business to Malaysian company

BY
VASANTHA GANESAN
theedgemarkets.com
 
 
KUALA LUMPUR (Feb 23): DFI Retail Group, which entered the Malaysian market 24 years ago through the acquisition of Giant, has decided to exit the increasingly competitive grocery retail industry.
In a statement on Thursday (Feb 23), the group said it had entered into an agreement with a Malaysian retail group led by local businessman and entrepreneur Datuk Andrew Lim to sell all of DFI&rsquo s food businesses in Malaysia, including Giant.
DFI operates a total of 40 Giants, eight Mercatos, two Cold Storages, one TMC and 40 Giant Mini stores. The deal is expected to be completed in early March 2023.
Lim is the group deputy chairman of SOGO Department Store Sdn Bhd and the executive chairman of GAMA Group, which owns and operates GAMA Supermarket & Departmental Store in Penang.
The announcement confirms The Edge&rsquo s report that DFI would be selling its grocery business in Malaysia.
DFI has been operating the business in Malaysia through GCH Retail (Malaysia) Sdn Bhd. GCH Retail is 70% owned by DFI and 30% by Syarikat Pesaka Antah Sdn Bhd, a company linked to Negeri Sembilan royalty.
A company called Macrovalue Sdn Bhd was incorporated to take over GCH Retail.
Macrovalue is equally owned by USP Resources Sdn Bhd and Gyap Holdings Sdn Bhd. Lim owns all but one share of USP Resources.
USP Resources wholly owns GAMA. USP Equity Sdn Bhd, in which USP Resources holds 50%, owns 90% of SOGO (KL). This means that effectively, SOGO, GAMA and GCH Retail will now have a common shareholder.
Meanwhile, Gyap is 90% owned by Datuk Gary Yap Keng Fatt and 10% by Yap Lin Han. Yap is said to be the person behind Euro Deli Shop Sdn Bhd, a company that specialises in imported meat and sausages from Europe.
DFI says the new retail group shares similar beliefs as DFI in delivering great quality, service and value to customers.
&ldquo By bringing these businesses together, under experienced local ownership, both customers and team members will continue to benefit from the positive changes to Giant, Cold Storage and Mercato that have taken place in recent years, forging an exciting platform for future growth through deep market knowledge, brand investment and competitive strength,&rdquo DFI said.
The new owners plan to retain all 2,500 staff.  
GCH, which had aggressively shut stores in Malaysia since 2019, bringing the total number of stores to less than half by 2021, undertook a revamping, resizing and repositioning exercise to return to the black. It also started opening Giant Mini.  
Between 2014 and 2019, GCH was in the red. It returned to the black in 2020, posting RM12.23 million net profit.
However, it slipped back into the red in FY2021. It is yet to file its financials for the year ended Dec 31, 2022. In FY2021, the retailer posted a net loss of RM106.17 million on the back of RM2.38 billion in revenue.
It had total liabilities of RM2.71 billion and total assets of RM1.23 billion.
The statement did not reveal how much the business was sold for.
While sources say that the deal is valued &ldquo at least a couple of billion ringgit&rdquo , some say that the new owners may be assuming the debt of GCH as part of the purchase price.
Commenting on the deal, DFI' s CEO for Southeast Asia, Chris Bush, said: " We are delighted to be able to transition our food business to such a well-respected and successful local retail group, who will also be retaining our dedicated team members. This is a win for both our customers and team members &mdash by combining our food business with the local retail group&rsquo s other retail businesses, this will provide greater competitiveness, service and value for customers in Malaysia."  
He said he has complete confidence in the future success of the food business under their leadership, and that it is the best outcome for all.
Meanwhile, Lim said as the new owner, Macrovalue will endeavour to the best of its abilities to add value and to enhance the respective brand equities of the Cold Storage, TMC, Giant and Mercato brand names in Malaysia.
GCH entered the country in 1999 via the purchase of a 90% stake in the Giant business, which was then operated by the Teng family. At the time, there were seven stores &mdash five supermarkets and two hypermarkets.
DFI is incorporated in Bermuda and has a main listing on the London Stock Exchange and secondary listings in Bermuda and Singapore. It is not known how the sale of the Malaysian business will impact the listed entities.
Meanwhile, DFI stressed that it will continue to operate the health and beauty chain under Guardian Health & Beauty Sdn Bhd.  
Bush says DFI remains fully committed to its retail business in Malaysia, sharpening its strategic focus on the fast-growing health and beauty business and will continue to wholly own and operate Guardian Health and Beauty stores. &ldquo The company has exciting plans over the next two years &mdash continuing to refresh the Guardian store format and significantly expanding its store network (currently over 500), with the expected creation of hundreds of jobs,&rdquo Bush said.
He adds that the transition will enable it to focus its priorities exclusively on the expansion of its Guardian Health and Beauty business in Malaysia.
" We are very excited by the opportunities for Guardian as it continues to grow rapidly, bolstered by the significant expansion of our store network, store refurbishments and improved customer offerings. This move will allow us to have an even greater impact for our customers as we build on our strengths in delivering excellence to our customers every day," he added.
 

chartistkao1      ( Date: 24-Feb-2023 09:26) Posted:

https://links.sgx.com/FileOpen/OCBC_Full_Year_2022_Results_Presentation.ashx?App=Announcement& FileID=74761
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chartistkao1
Supreme
24-Feb-2023 09:52     
 
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Giant operator Dairy Farm sells grocery business to Malaysian company

BY
VASANTHA GANESAN
theedgemarkets.com
 
 
KUALA LUMPUR (Feb 23): DFI Retail Group, which entered the Malaysian market 24 years ago through the acquisition of Giant, has decided to exit the increasingly competitive grocery retail industry.
In a statement on Thursday (Feb 23), the group said it had entered into an agreement with a Malaysian retail group led by local businessman and entrepreneur Datuk Andrew Lim to sell all of DFI&rsquo s food businesses in Malaysia, including Giant.
DFI operates a total of 40 Giants, eight Mercatos, two Cold Storages, one TMC and 40 Giant Mini stores. The deal is expected to be completed in early March 2023.
Lim is the group deputy chairman of SOGO Department Store Sdn Bhd and the executive chairman of GAMA Group, which owns and operates GAMA Supermarket & Departmental Store in Penang.
The announcement confirms The Edge&rsquo s report that DFI would be selling its grocery business in Malaysia.
DFI has been operating the business in Malaysia through GCH Retail (Malaysia) Sdn Bhd. GCH Retail is 70% owned by DFI and 30% by Syarikat Pesaka Antah Sdn Bhd, a company linked to Negeri Sembilan royalty.
A company called Macrovalue Sdn Bhd was incorporated to take over GCH Retail.
Macrovalue is equally owned by USP Resources Sdn Bhd and Gyap Holdings Sdn Bhd. Lim owns all but one share of USP Resources.
USP Resources wholly owns GAMA. USP Equity Sdn Bhd, in which USP Resources holds 50%, owns 90% of SOGO (KL). This means that effectively, SOGO, GAMA and GCH Retail will now have a common shareholder.
Meanwhile, Gyap is 90% owned by Datuk Gary Yap Keng Fatt and 10% by Yap Lin Han. Yap is said to be the person behind Euro Deli Shop Sdn Bhd, a company that specialises in imported meat and sausages from Europe.
DFI says the new retail group shares similar beliefs as DFI in delivering great quality, service and value to customers.
&ldquo By bringing these businesses together, under experienced local ownership, both customers and team members will continue to benefit from the positive changes to Giant, Cold Storage and Mercato that have taken place in recent years, forging an exciting platform for future growth through deep market knowledge, brand investment and competitive strength,&rdquo DFI said.
The new owners plan to retain all 2,500 staff.  
GCH, which had aggressively shut stores in Malaysia since 2019, bringing the total number of stores to less than half by 2021, undertook a revamping, resizing and repositioning exercise to return to the black. It also started opening Giant Mini.  
Between 2014 and 2019, GCH was in the red. It returned to the black in 2020, posting RM12.23 million net profit.
However, it slipped back into the red in FY2021. It is yet to file its financials for the year ended Dec 31, 2022. In FY2021, the retailer posted a net loss of RM106.17 million on the back of RM2.38 billion in revenue.
It had total liabilities of RM2.71 billion and total assets of RM1.23 billion.
The statement did not reveal how much the business was sold for.
While sources say that the deal is valued &ldquo at least a couple of billion ringgit&rdquo , some say that the new owners may be assuming the debt of GCH as part of the purchase price.
Commenting on the deal, DFI' s CEO for Southeast Asia, Chris Bush, said: " We are delighted to be able to transition our food business to such a well-respected and successful local retail group, who will also be retaining our dedicated team members. This is a win for both our customers and team members &mdash by combining our food business with the local retail group&rsquo s other retail businesses, this will provide greater competitiveness, service and value for customers in Malaysia."  
He said he has complete confidence in the future success of the food business under their leadership, and that it is the best outcome for all.
Meanwhile, Lim said as the new owner, Macrovalue will endeavour to the best of its abilities to add value and to enhance the respective brand equities of the Cold Storage, TMC, Giant and Mercato brand names in Malaysia.
GCH entered the country in 1999 via the purchase of a 90% stake in the Giant business, which was then operated by the Teng family. At the time, there were seven stores &mdash five supermarkets and two hypermarkets.
DFI is incorporated in Bermuda and has a main listing on the London Stock Exchange and secondary listings in Bermuda and Singapore. It is not known how the sale of the Malaysian business will impact the listed entities.
Meanwhile, DFI stressed that it will continue to operate the health and beauty chain under Guardian Health & Beauty Sdn Bhd.  
Bush says DFI remains fully committed to its retail business in Malaysia, sharpening its strategic focus on the fast-growing health and beauty business and will continue to wholly own and operate Guardian Health and Beauty stores. &ldquo The company has exciting plans over the next two years &mdash continuing to refresh the Guardian store format and significantly expanding its store network (currently over 500), with the expected creation of hundreds of jobs,&rdquo Bush said.
He adds that the transition will enable it to focus its priorities exclusively on the expansion of its Guardian Health and Beauty business in Malaysia.
" We are very excited by the opportunities for Guardian as it continues to grow rapidly, bolstered by the significant expansion of our store network, store refurbishments and improved customer offerings. This move will allow us to have an even greater impact for our customers as we build on our strengths in delivering excellence to our customers every day," he added.
 

chartistkao1      ( Date: 24-Feb-2023 09:26) Posted:

https://links.sgx.com/FileOpen/OCBC_Full_Year_2022_Results_Presentation.ashx?App=Announcement& FileID=747614

chartistkao1      ( Date: 23-Feb-2023 15:09) Posted:

https://www.china-briefing.com/news/mainland-china-and-hong-kong-to-expand-their-stock-connect-scheme
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chartistkao1
Supreme
24-Feb-2023 09:26     
 
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 Alert Admin 		https://links.sgx.com/FileOpen/OCBC_Full_Year_2022_Results_Presentation.ashx?App=Announcement& FileID=747614

chartistkao1      ( Date: 23-Feb-2023 15:09) Posted:

https://www.china-briefing.com/news/mainland-china-and-hong-kong-to-expand-their-stock-connect-scheme/

chartistkao1      ( Date: 09-Feb-2023 11:21) Posted:

during oct 2022 massive short position on the 4 chiuna bank shares listed in hk,so what now in 2023 us big investment bankers will come in to buy up when it is rock bottom?
https://www.sydneytoday.com/content-102245614673201
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chartistkao1
Supreme
23-Feb-2023 15:09     
 
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 Alert Admin 		https://www.china-briefing.com/news/mainland-china-and-hong-kong-to-expand-their-stock-connect-scheme/

chartistkao1      ( Date: 09-Feb-2023 11:21) Posted:

during oct 2022 massive short position on the 4 chiuna bank shares listed in hk,so what now in 2023 us big investment bankers will come in to buy up when it is rock bottom?
https://www.sydneytoday.com/content-1022456146732012

chartistkao1      ( Date: 09-Feb-2023 11:17) Posted:

记 者 观 察 ： 高 股 息 的 银 行 股 值 得 买 吗 ？

 

发 布 时 间 ： 2021-04-16 07:35:38        作 者 ：         来 源 ： 中 国 银 行 保 险 报 网
□ 记 者 冯 娜 娜
近 日 ， 银 行 2020年 度 利 润 分 配 方 案 陆 续 发 布 。 通 常 银 行 股 以 长 期 保 持 较 稳 定 的 分 红 率 而 著 称 ， 与 之 相 对 应 的 是 投 资 者 可 伴 随 公 司 成 长 享 受 较 可 观 的 股 息 。
总 体 上 看 ， 银 行 派 发 现 金 红 利 金 额 较 为 可 观 ： 大 行 中 ， 工 行 948.04亿 元 、 建 行 815.04亿 元 、 农 行 647.82亿 元 、 中 行 579.94亿 元 、 交 行 235.41亿 元 、 邮 储 银 行 192.62亿 元 ； 股 份 行 中 ， 招 行 316.01亿 元 、 兴 业 银 行 166.61亿 元 、 浦 发 银 行 140.89亿 元 、 光 大 银 行 113.47亿 元 、 民 生 银 行 93.26亿 元 、 平 安 银 行 34.93亿 元 。
按 现 金 分 红 数 额 及 与 净 利 润 的 比 率 看 ， 六 大 行 以 及 招 行 、 民 生 银 行 2018&mdash 2020年 连 续 3年 的 普 通 股 现 金 分 红 比 例 均 在 30%及 以 上 ， 其 他 披 露 2020年 报 银 行 的 普 通 股 现 金 分 红 比 例 也 大 致 在 12%至 30%之 间 。
此 外 ， 银 行 的 分 红 政 策 比 较 稳 定 。 工 行 规 定 ， 该 行 的 利 润 分 配 政 策 保 持 连 续 性 和 稳 定 性 ， 同 时 兼 顾 该 行 的 长 远 利 益 、 全 体 股 东 的 整 体 利 益 及 公 司 的 可 持 续 发 展 ； 强 调 优 先 采 用 现 金 分 红 的 利 润 分 配 方 式 。 招 行 称 ， 在 符 合 法 律 法 规 和 监 管 机 构 对 资 本 充 足 率 规 定 及 满 足 公 司 正 常 经 营 资 金 要 求 、 业 务 发 展 和 重 大 投 资 并 购 需 求 的 前 提 下 ， 每 年 给 普 通 股 股 东 现 金 分 红 原 则 上 不 低 于 当 年 按 中 国 会 计 准 则 审 计 后 归 属 于 普 通 股 股 东 税 后 净 利 润 的 30%。 中 信 银 行 明 确 规 定 ， 优 先 采 取 现 金 分 红 的 股 利 分 配 方 式 ， 规 定 了 除 特 殊 情 况 外 该 行 以 现 金 方 式 分 配 普 通 股 股 东 利 润 不 少 于 归 属 于 该 行 股 东 净 利 润 的 10%。
相 对 于 其 他 行 业 ， 银 行 股 的 股 息 率 处 在 较 高 水 平 。 据 东 吴 证 券 研 究 所 测 算 ， 工 行 2020年 A股 股 息 率 为 4.9%， H股 股 息 率 为 5.5%。 中 信 银 行 A股 股 息 率 位 于 4%-5%区 间 ， H股 股 息 率 位 于 6%-7%区 间 。 民 生 银 行 普 通 股 每 股 派 发 现 金 红 利 0.213元 （ 含 税 ） ， 以 4月 13日 收 盘 价 4.96元 计 算 ， 股 息 率 为 4.29%。 交 行 普 通 股 每 股 分 配 现 金 股 利 0.317元 （ 含 税 ） ， 以 4月 13日 收 盘 价 4.9元 计 算 ， 股 息 率 为 6.47%。 由 于 目 前 未 到 银 行 股 实 际 分 红 派 息 的 股 权 登 记 日 ， 尚 不 能 确 定 最 终 的 股 息 率 ， 仅 可 测 算 股 息 率 的 大 致 区 间 。
根 据 银 行 业 理 财 登 记 托 管 中 心 发 布 的 《 中 国 银 行 业 理 财 市 场 年 度 报 告 2020》 ， 2020年 全 年 封 闭 式 理 财 产 品 的 兑 付 客 户 平 均 收 益 率 为 4.05%。 由 此 可 见 ， 很 多 银 行 的 股 息 率 超 过 了 理 财 产 品 收 益 率 ， 更 超 过 了 银 行 定 期 存 款 利 率 。
据 此 来 看 ， 银 行 股 或 可 成 为 投 资 配 置 的 选 择 之 一 。 通 常 而 言 ， 股 息 率 是 一 家 上 市 公 司 长 期 价 值 的 体 现 。 只 有 行 业 稳 定 、 公 司 基 本 面 良 好 ， 长 线 投 资 逻 辑 才 会 更 清 晰 。 不 过 ， 鉴 于 股 市 的 波 动 风 险 ， 投 资 者 尚 需 选 择 合 适 的 时 点 介 入 方 可 收 获 满 意 回 报 。
http://aastocks.com/en/stocks/analysis/company-fundamental/dividend-history?symbol=03988



 
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chartistkao1
Supreme
09-Feb-2023 11:21     
 
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 Alert Admin 		during oct 2022 massive short position on the 4 chiuna bank shares listed in hk,so what now in 2023 us big investment bankers will come in to buy up when it is rock bottom?
https://www.sydneytoday.com/content-1022456146732012

chartistkao1      ( Date: 09-Feb-2023 11:17) Posted:

记 者 观 察 ： 高 股 息 的 银 行 股 值 得 买 吗 ？

 

发 布 时 间 ： 2021-04-16 07:35:38        作 者 ：         来 源 ： 中 国 银 行 保 险 报 网
□ 记 者 冯 娜 娜
近 日 ， 银 行 2020年 度 利 润 分 配 方 案 陆 续 发 布 。 通 常 银 行 股 以 长 期 保 持 较 稳 定 的 分 红 率 而 著 称 ， 与 之 相 对 应 的 是 投 资 者 可 伴 随 公 司 成 长 享 受 较 可 观 的 股 息 。
总 体 上 看 ， 银 行 派 发 现 金 红 利 金 额 较 为 可 观 ： 大 行 中 ， 工 行 948.04亿 元 、 建 行 815.04亿 元 、 农 行 647.82亿 元 、 中 行 579.94亿 元 、 交 行 235.41亿 元 、 邮 储 银 行 192.62亿 元 ； 股 份 行 中 ， 招 行 316.01亿 元 、 兴 业 银 行 166.61亿 元 、 浦 发 银 行 140.89亿 元 、 光 大 银 行 113.47亿 元 、 民 生 银 行 93.26亿 元 、 平 安 银 行 34.93亿 元 。
按 现 金 分 红 数 额 及 与 净 利 润 的 比 率 看 ， 六 大 行 以 及 招 行 、 民 生 银 行 2018&mdash 2020年 连 续 3年 的 普 通 股 现 金 分 红 比 例 均 在 30%及 以 上 ， 其 他 披 露 2020年 报 银 行 的 普 通 股 现 金 分 红 比 例 也 大 致 在 12%至 30%之 间 。
此 外 ， 银 行 的 分 红 政 策 比 较 稳 定 。 工 行 规 定 ， 该 行 的 利 润 分 配 政 策 保 持 连 续 性 和 稳 定 性 ， 同 时 兼 顾 该 行 的 长 远 利 益 、 全 体 股 东 的 整 体 利 益 及 公 司 的 可 持 续 发 展 ； 强 调 优 先 采 用 现 金 分 红 的 利 润 分 配 方 式 。 招 行 称 ， 在 符 合 法 律 法 规 和 监 管 机 构 对 资 本 充 足 率 规 定 及 满 足 公 司 正 常 经 营 资 金 要 求 、 业 务 发 展 和 重 大 投 资 并 购 需 求 的 前 提 下 ， 每 年 给 普 通 股 股 东 现 金 分 红 原 则 上 不 低 于 当 年 按 中 国 会 计 准 则 审 计 后 归 属 于 普 通 股 股 东 税 后 净 利 润 的 30%。 中 信 银 行 明 确 规 定 ， 优 先 采 取 现 金 分 红 的 股 利 分 配 方 式 ， 规 定 了 除 特 殊 情 况 外 该 行 以 现 金 方 式 分 配 普 通 股 股 东 利 润 不 少 于 归 属 于 该 行 股 东 净 利 润 的 10%。
相 对 于 其 他 行 业 ， 银 行 股 的 股 息 率 处 在 较 高 水 平 。 据 东 吴 证 券 研 究 所 测 算 ， 工 行 2020年 A股 股 息 率 为 4.9%， H股 股 息 率 为 5.5%。 中 信 银 行 A股 股 息 率 位 于 4%-5%区 间 ， H股 股 息 率 位 于 6%-7%区 间 。 民 生 银 行 普 通 股 每 股 派 发 现 金 红 利 0.213元 （ 含 税 ） ， 以 4月 13日 收 盘 价 4.96元 计 算 ， 股 息 率 为 4.29%。 交 行 普 通 股 每 股 分 配 现 金 股 利 0.317元 （ 含 税 ） ， 以 4月 13日 收 盘 价 4.9元 计 算 ， 股 息 率 为 6.47%。 由 于 目 前 未 到 银 行 股 实 际 分 红 派 息 的 股 权 登 记 日 ， 尚 不 能 确 定 最 终 的 股 息 率 ， 仅 可 测 算 股 息 率 的 大 致 区 间 。
根 据 银 行 业 理 财 登 记 托 管 中 心 发 布 的 《 中 国 银 行 业 理 财 市 场 年 度 报 告 2020》 ， 2020年 全 年 封 闭 式 理 财 产 品 的 兑 付 客 户 平 均 收 益 率 为 4.05%。 由 此 可 见 ， 很 多 银 行 的 股 息 率 超 过 了 理 财 产 品 收 益 率 ， 更 超 过 了 银 行 定 期 存 款 利 率 。
据 此 来 看 ， 银 行 股 或 可 成 为 投 资 配 置 的 选 择 之 一 。 通 常 而 言 ， 股 息 率 是 一 家 上 市 公 司 长 期 价 值 的 体 现 。 只 有 行 业 稳 定 、 公 司 基 本 面 良 好 ， 长 线 投 资 逻 辑 才 会 更 清 晰 。 不 过 ， 鉴 于 股 市 的 波 动 风 险 ， 投 资 者 尚 需 选 择 合 适 的 时 点 介 入 方 可 收 获 满 意 回 报 。
http://aastocks.com/en/stocks/analysis/company-fundamental/dividend-history?symbol=03988



 

chartistkao1      ( Date: 08-Feb-2023 09:57) Posted:

china recovery play
https://www.ishares.com/uk/individual/en/products/308751/ishares-msci-china-ucits-etf-usd-acc-fund?switchLocale=y& siteEntryPassthrough=true
 
https://www.ishares.com/us/products/239619/ishares-msci-china-etf
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chartistkao1
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09-Feb-2023 11:17     
 
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记 者 观 察 ： 高 股 息 的 银 行 股 值 得 买 吗 ？

 

发 布 时 间 ： 2021-04-16 07:35:38        作 者 ：         来 源 ： 中 国 银 行 保 险 报 网
□ 记 者 冯 娜 娜
近 日 ， 银 行 2020年 度 利 润 分 配 方 案 陆 续 发 布 。 通 常 银 行 股 以 长 期 保 持 较 稳 定 的 分 红 率 而 著 称 ， 与 之 相 对 应 的 是 投 资 者 可 伴 随 公 司 成 长 享 受 较 可 观 的 股 息 。
总 体 上 看 ， 银 行 派 发 现 金 红 利 金 额 较 为 可 观 ： 大 行 中 ， 工 行 948.04亿 元 、 建 行 815.04亿 元 、 农 行 647.82亿 元 、 中 行 579.94亿 元 、 交 行 235.41亿 元 、 邮 储 银 行 192.62亿 元 ； 股 份 行 中 ， 招 行 316.01亿 元 、 兴 业 银 行 166.61亿 元 、 浦 发 银 行 140.89亿 元 、 光 大 银 行 113.47亿 元 、 民 生 银 行 93.26亿 元 、 平 安 银 行 34.93亿 元 。
按 现 金 分 红 数 额 及 与 净 利 润 的 比 率 看 ， 六 大 行 以 及 招 行 、 民 生 银 行 2018&mdash 2020年 连 续 3年 的 普 通 股 现 金 分 红 比 例 均 在 30%及 以 上 ， 其 他 披 露 2020年 报 银 行 的 普 通 股 现 金 分 红 比 例 也 大 致 在 12%至 30%之 间 。
此 外 ， 银 行 的 分 红 政 策 比 较 稳 定 。 工 行 规 定 ， 该 行 的 利 润 分 配 政 策 保 持 连 续 性 和 稳 定 性 ， 同 时 兼 顾 该 行 的 长 远 利 益 、 全 体 股 东 的 整 体 利 益 及 公 司 的 可 持 续 发 展 ； 强 调 优 先 采 用 现 金 分 红 的 利 润 分 配 方 式 。 招 行 称 ， 在 符 合 法 律 法 规 和 监 管 机 构 对 资 本 充 足 率 规 定 及 满 足 公 司 正 常 经 营 资 金 要 求 、 业 务 发 展 和 重 大 投 资 并 购 需 求 的 前 提 下 ， 每 年 给 普 通 股 股 东 现 金 分 红 原 则 上 不 低 于 当 年 按 中 国 会 计 准 则 审 计 后 归 属 于 普 通 股 股 东 税 后 净 利 润 的 30%。 中 信 银 行 明 确 规 定 ， 优 先 采 取 现 金 分 红 的 股 利 分 配 方 式 ， 规 定 了 除 特 殊 情 况 外 该 行 以 现 金 方 式 分 配 普 通 股 股 东 利 润 不 少 于 归 属 于 该 行 股 东 净 利 润 的 10%。
相 对 于 其 他 行 业 ， 银 行 股 的 股 息 率 处 在 较 高 水 平 。 据 东 吴 证 券 研 究 所 测 算 ， 工 行 2020年 A股 股 息 率 为 4.9%， H股 股 息 率 为 5.5%。 中 信 银 行 A股 股 息 率 位 于 4%-5%区 间 ， H股 股 息 率 位 于 6%-7%区 间 。 民 生 银 行 普 通 股 每 股 派 发 现 金 红 利 0.213元 （ 含 税 ） ， 以 4月 13日 收 盘 价 4.96元 计 算 ， 股 息 率 为 4.29%。 交 行 普 通 股 每 股 分 配 现 金 股 利 0.317元 （ 含 税 ） ， 以 4月 13日 收 盘 价 4.9元 计 算 ， 股 息 率 为 6.47%。 由 于 目 前 未 到 银 行 股 实 际 分 红 派 息 的 股 权 登 记 日 ， 尚 不 能 确 定 最 终 的 股 息 率 ， 仅 可 测 算 股 息 率 的 大 致 区 间 。
根 据 银 行 业 理 财 登 记 托 管 中 心 发 布 的 《 中 国 银 行 业 理 财 市 场 年 度 报 告 2020》 ， 2020年 全 年 封 闭 式 理 财 产 品 的 兑 付 客 户 平 均 收 益 率 为 4.05%。 由 此 可 见 ， 很 多 银 行 的 股 息 率 超 过 了 理 财 产 品 收 益 率 ， 更 超 过 了 银 行 定 期 存 款 利 率 。
据 此 来 看 ， 银 行 股 或 可 成 为 投 资 配 置 的 选 择 之 一 。 通 常 而 言 ， 股 息 率 是 一 家 上 市 公 司 长 期 价 值 的 体 现 。 只 有 行 业 稳 定 、 公 司 基 本 面 良 好 ， 长 线 投 资 逻 辑 才 会 更 清 晰 。 不 过 ， 鉴 于 股 市 的 波 动 风 险 ， 投 资 者 尚 需 选 择 合 适 的 时 点 介 入 方 可 收 获 满 意 回 报 。
http://aastocks.com/en/stocks/analysis/company-fundamental/dividend-history?symbol=03988



 

chartistkao1      ( Date: 08-Feb-2023 09:57) Posted:

china recovery play
https://www.ishares.com/uk/individual/en/products/308751/ishares-msci-china-ucits-etf-usd-acc-fund?switchLocale=y& siteEntryPassthrough=true
 
https://www.ishares.com/us/products/239619/ishares-msci-china-etf


chartistkao1      ( Date: 06-Feb-2023 14:06) Posted:

The Hong Kong stock market is often considered speculative for several reasons:
  1. Concentration of stocks: The Hong Kong stock market is dominated by a few large companies, and a relatively small number of stocks are responsible for a large proportion of its overall market capitalization. This can make the market more susceptible to price swings, as the movement of a few key stocks can have a significant impact on the market as a whole.
  2. Short-term focus: Many investors in the Hong Kong stock market focus on short-term gains, and are more likely to buy and sell stocks based on short-term price movements. This can lead to increased volatility and speculation in the market.
  3. Deregulation: Hong Kong has a relatively light regulatory environment for its stock market, which can increase the risk of speculative behavior.
  4. Strong demand for Chinese stocks: Hong Kong is an important gateway for foreign investment into China, and its stock market is home to many companies with operations in Mainland China. This strong demand for Chinese stocks can lead to increased speculation in the Hong Kong market.
  5. High market liquidity: The Hong Kong stock market is known for its high liquidity, which can make it easier for investors to buy and sell large amounts of stocks quickly. This increased market liquidity can make it easier for speculative behavior to take place.
It' s important to note that while the Hong Kong stock market can be speculative at times, this is not always the case. Like all stock markets, it is subject to changes in market conditions, investor sentiment, and other factors that can impact its overall performance.
 
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chartistkao1
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08-Feb-2023 09:57     
 
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 Alert Admin 		china recovery play
https://www.ishares.com/uk/individual/en/products/308751/ishares-msci-china-ucits-etf-usd-acc-fund?switchLocale=y& siteEntryPassthrough=true
 
https://www.ishares.com/us/products/239619/ishares-msci-china-etf


chartistkao1      ( Date: 06-Feb-2023 14:06) Posted:

The Hong Kong stock market is often considered speculative for several reasons:
  1. Concentration of stocks: The Hong Kong stock market is dominated by a few large companies, and a relatively small number of stocks are responsible for a large proportion of its overall market capitalization. This can make the market more susceptible to price swings, as the movement of a few key stocks can have a significant impact on the market as a whole.
  2. Short-term focus: Many investors in the Hong Kong stock market focus on short-term gains, and are more likely to buy and sell stocks based on short-term price movements. This can lead to increased volatility and speculation in the market.
  3. Deregulation: Hong Kong has a relatively light regulatory environment for its stock market, which can increase the risk of speculative behavior.
  4. Strong demand for Chinese stocks: Hong Kong is an important gateway for foreign investment into China, and its stock market is home to many companies with operations in Mainland China. This strong demand for Chinese stocks can lead to increased speculation in the Hong Kong market.
  5. High market liquidity: The Hong Kong stock market is known for its high liquidity, which can make it easier for investors to buy and sell large amounts of stocks quickly. This increased market liquidity can make it easier for speculative behavior to take place.
It' s important to note that while the Hong Kong stock market can be speculative at times, this is not always the case. Like all stock markets, it is subject to changes in market conditions, investor sentiment, and other factors that can impact its overall performance.
 

chartistkao1      ( Date: 06-Feb-2023 14:04) Posted:

soon they will have a reit for all this area listed in hk
the Chinese government is promoting the Greater Bay Area, also known as the Guangdong-Hong Kong-Macao Greater Bay Area, as a way to drive economic growth and regional integration.
The Greater Bay Area consists of nine cities in the Guangdong Province, as well as the two Special Administrative Regions (SARs) of Hong Kong and Macao. The area has a combined population of over 70 million people and is home to a number of major economic centers, including Guangzhou and Shenzhen.
Here are a few reasons why the Chinese government is promoting the Greater Bay Area:
  1. Economic growth: By promoting regional integration, the government hopes to spur economic growth and create new business opportunities in the area.
  2. Attract foreign investment: The Greater Bay Area is seen as an attractive destination for foreign investment, particularly in industries such as finance, technology, and innovation.
  3. Facilitate technological innovation: The government hopes to promote the development of new technologies, such as artificial intelligence and biotechnology, by creating a favorable environment for innovation in the Greater Bay Area.
  4. Boost economic competitiveness: The government aims to increase the competitiveness of the Greater Bay Area by improving the quality of its infrastructure, fostering the growth of new industries, and creating a favorable environment for business and innovation.
  5. Promote regional integration: By promoting the Greater Bay Area, the government aims to increase economic cooperation and integration between the Guangdong Province, Hong Kong, and Macao, as well as between these regions and the rest of China.
Overall, the promotion of the Greater Bay Area is seen as a key part of China' s broader economic development strategy, and the government is investing significant resources in the region in an effort to achieve its goals.
 
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chartistkao1
Supreme
06-Feb-2023 14:06     
 
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 Alert Admin 		The Hong Kong stock market is often considered speculative for several reasons:
  1. Concentration of stocks: The Hong Kong stock market is dominated by a few large companies, and a relatively small number of stocks are responsible for a large proportion of its overall market capitalization. This can make the market more susceptible to price swings, as the movement of a few key stocks can have a significant impact on the market as a whole.
  2. Short-term focus: Many investors in the Hong Kong stock market focus on short-term gains, and are more likely to buy and sell stocks based on short-term price movements. This can lead to increased volatility and speculation in the market.
  3. Deregulation: Hong Kong has a relatively light regulatory environment for its stock market, which can increase the risk of speculative behavior.
  4. Strong demand for Chinese stocks: Hong Kong is an important gateway for foreign investment into China, and its stock market is home to many companies with operations in Mainland China. This strong demand for Chinese stocks can lead to increased speculation in the Hong Kong market.
  5. High market liquidity: The Hong Kong stock market is known for its high liquidity, which can make it easier for investors to buy and sell large amounts of stocks quickly. This increased market liquidity can make it easier for speculative behavior to take place.
It' s important to note that while the Hong Kong stock market can be speculative at times, this is not always the case. Like all stock markets, it is subject to changes in market conditions, investor sentiment, and other factors that can impact its overall performance.
 

chartistkao1      ( Date: 06-Feb-2023 14:04) Posted:

soon they will have a reit for all this area listed in hk
the Chinese government is promoting the Greater Bay Area, also known as the Guangdong-Hong Kong-Macao Greater Bay Area, as a way to drive economic growth and regional integration.
The Greater Bay Area consists of nine cities in the Guangdong Province, as well as the two Special Administrative Regions (SARs) of Hong Kong and Macao. The area has a combined population of over 70 million people and is home to a number of major economic centers, including Guangzhou and Shenzhen.
Here are a few reasons why the Chinese government is promoting the Greater Bay Area:
  1. Economic growth: By promoting regional integration, the government hopes to spur economic growth and create new business opportunities in the area.
  2. Attract foreign investment: The Greater Bay Area is seen as an attractive destination for foreign investment, particularly in industries such as finance, technology, and innovation.
  3. Facilitate technological innovation: The government hopes to promote the development of new technologies, such as artificial intelligence and biotechnology, by creating a favorable environment for innovation in the Greater Bay Area.
  4. Boost economic competitiveness: The government aims to increase the competitiveness of the Greater Bay Area by improving the quality of its infrastructure, fostering the growth of new industries, and creating a favorable environment for business and innovation.
  5. Promote regional integration: By promoting the Greater Bay Area, the government aims to increase economic cooperation and integration between the Guangdong Province, Hong Kong, and Macao, as well as between these regions and the rest of China.
Overall, the promotion of the Greater Bay Area is seen as a key part of China' s broader economic development strategy, and the government is investing significant resources in the region in an effort to achieve its goals.
 

chartistkao1      ( Date: 06-Feb-2023 14:00) Posted:

Here are a few potential steps that the Chinese government could take to jumpstart its economy:
  1. Increase government spending: The government could increase spending on infrastructure projects and other initiatives to boost demand and stimulate economic growth.
  2. Reform state-owned enterprises: Reforms aimed at making state-owned enterprises (SOEs) more efficient and competitive could help to boost productivity and spur economic growth.
  3. Encourage entrepreneurship: The government could encourage entrepreneurship and innovation by providing financial support, tax incentives, and other forms of assistance to small and medium-sized enterprises (SMEs).
  4. Promote exports: The government could implement policies aimed at boosting exports, such as improving the competitiveness of Chinese firms, reducing trade barriers, and increasing investment in foreign markets.
  5. Implement monetary easing: The central bank could implement monetary easing measures, such as lowering interest rates, to encourage borrowing and investment.
  6. Foster innovation: The government could invest in research and development, encourage the adoption of new technologies, and support the development of new industries to drive economic growth.
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chartistkao1
Supreme
06-Feb-2023 14:04     
 
chartistkao1 About Contact  Quote this Post!  
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 Alert Admin 		soon they will have a reit for all this area listed in hk
the Chinese government is promoting the Greater Bay Area, also known as the Guangdong-Hong Kong-Macao Greater Bay Area, as a way to drive economic growth and regional integration.
The Greater Bay Area consists of nine cities in the Guangdong Province, as well as the two Special Administrative Regions (SARs) of Hong Kong and Macao. The area has a combined population of over 70 million people and is home to a number of major economic centers, including Guangzhou and Shenzhen.
Here are a few reasons why the Chinese government is promoting the Greater Bay Area:
  1. Economic growth: By promoting regional integration, the government hopes to spur economic growth and create new business opportunities in the area.
  2. Attract foreign investment: The Greater Bay Area is seen as an attractive destination for foreign investment, particularly in industries such as finance, technology, and innovation.
  3. Facilitate technological innovation: The government hopes to promote the development of new technologies, such as artificial intelligence and biotechnology, by creating a favorable environment for innovation in the Greater Bay Area.
  4. Boost economic competitiveness: The government aims to increase the competitiveness of the Greater Bay Area by improving the quality of its infrastructure, fostering the growth of new industries, and creating a favorable environment for business and innovation.
  5. Promote regional integration: By promoting the Greater Bay Area, the government aims to increase economic cooperation and integration between the Guangdong Province, Hong Kong, and Macao, as well as between these regions and the rest of China.
Overall, the promotion of the Greater Bay Area is seen as a key part of China' s broader economic development strategy, and the government is investing significant resources in the region in an effort to achieve its goals.
 

chartistkao1      ( Date: 06-Feb-2023 14:00) Posted:

Here are a few potential steps that the Chinese government could take to jumpstart its economy:
  1. Increase government spending: The government could increase spending on infrastructure projects and other initiatives to boost demand and stimulate economic growth.
  2. Reform state-owned enterprises: Reforms aimed at making state-owned enterprises (SOEs) more efficient and competitive could help to boost productivity and spur economic growth.
  3. Encourage entrepreneurship: The government could encourage entrepreneurship and innovation by providing financial support, tax incentives, and other forms of assistance to small and medium-sized enterprises (SMEs).
  4. Promote exports: The government could implement policies aimed at boosting exports, such as improving the competitiveness of Chinese firms, reducing trade barriers, and increasing investment in foreign markets.
  5. Implement monetary easing: The central bank could implement monetary easing measures, such as lowering interest rates, to encourage borrowing and investment.
  6. Foster innovation: The government could invest in research and development, encourage the adoption of new technologies, and support the development of new industries to drive economic growth.


chartistkao1      ( Date: 06-Feb-2023 13:44) Posted:

There can be several reasons why Chinese banks might ease lending to property developers:
  1. Stimulating economic growth: By providing more credit to property developers, banks can help to boost economic growth by stimulating investment and construction activity in the real estate sector.
  2. Meeting demand for housing: Easing lending to property developers can help to meet growing demand for housing in China, especially in urban areas where real estate prices have been rising.
  3. Support government policy:
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chartistkao1
Supreme
06-Feb-2023 14:00     
 
chartistkao1 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Here are a few potential steps that the Chinese government could take to jumpstart its economy:
  1. Increase government spending: The government could increase spending on infrastructure projects and other initiatives to boost demand and stimulate economic growth.
  2. Reform state-owned enterprises: Reforms aimed at making state-owned enterprises (SOEs) more efficient and competitive could help to boost productivity and spur economic growth.
  3. Encourage entrepreneurship: The government could encourage entrepreneurship and innovation by providing financial support, tax incentives, and other forms of assistance to small and medium-sized enterprises (SMEs).
  4. Promote exports: The government could implement policies aimed at boosting exports, such as improving the competitiveness of Chinese firms, reducing trade barriers, and increasing investment in foreign markets.
  5. Implement monetary easing: The central bank could implement monetary easing measures, such as lowering interest rates, to encourage borrowing and investment.
  6. Foster innovation: The government could invest in research and development, encourage the adoption of new technologies, and support the development of new industries to drive economic growth.


chartistkao1      ( Date: 06-Feb-2023 13:44) Posted:

There can be several reasons why Chinese banks might ease lending to property developers:
  1. Stimulating economic growth: By providing more credit to property developers, banks can help to boost economic growth by stimulating investment and construction activity in the real estate sector.
  2. Meeting demand for housing: Easing lending to property developers can help to meet growing demand for housing in China, especially in urban areas where real estate prices have been rising.
  3. Support government policy:


chartistkao1      ( Date: 06-Feb-2023 11:18) Posted:

China&rsquo s reopening set to drive more of Asia&rsquo s wealthy to Singapore

A rebound in global economic activity, growth in tourism and a surge in Chinese consumption could give banks in Singapore a boost. PHOTO: ST FILE
Updated
4 Hours Ago
SINGAPORE &ndash China&rsquo s reopening is poised to kindle fresh interest in Singapore as a financial hub among the well-heeled in China and the rest of the region, with certain private banks here seeing an increase in queries from affluent clients in recent months.
The world&rsquo s second-largest economy, which had one of the tightest Covid-19 regulation regimes, significantly eased restrictions in December and opened its borders the following month.
On the cards are a rebound in global economic activity, growth in tourism and a surge in Chinese consumption fuelled by pent-up demand and savings, all of which could give banks here a boost.
 
Mr Philip Kunz, HSBC&rsquo s head of global private banking for South Asia, expects spending patterns to shift from goods to services.
&ldquo As China consumes more, they will also buy more from the rest of the world, reintegrating China&rsquo s trade and investment with the rest of Asia and the world,&rdquo he said.
Ms Lillian Liao, global market manager for China at Citi Private Bank, said Chinese clients are attracted to Singapore&rsquo s uniquely bilingual business environment, as they can assimilate easily.
Demand from such clients will likely grow two to three times in 2023 in Singapore&rsquo s private banking industry as a whole, she added.
 
Get tips to grow your investments and career in weekly newsletter
Sign up
By signing up, you agree to our Privacy Policy and Terms and Conditions.
Queries, volumes and acquisition numbers related to Chinese clients at Citi Private Bank are already up 3½ times from 2020.
&ldquo We foresee a substantial increase in the number of Chinese entrepreneurs travelling to Singapore, finally being able to engage face to face with business partners and contacts here,&rdquo added Ms Liao, who assumed a role created by Citi in 2021 to better cater to such entrepreneurs here.
The knock-on effect could see many of these entrepreneurs and their families establishing a base here, which could further benefit the banking industry, she added.
 
 
The city-state has long been popular among Chinese family offices due to its cordial relationship with China, stable political landscape and reputation as a digitally advanced financial services hub, said Mr Derrick Tan, chairman and chief executive of Wrise Wealth Management, which helps family offices and ultra-high-net-worth individuals with investments.
&ldquo With the reopening of China, Singapore&rsquo s close geographical location, being just a few hours&rsquo flight away, makes the city much more accessible,&rdquo he added.
Mr Sunny Quek, OCBC Bank&rsquo s head of global consumer financial services, expects the reopening to positively impact the bank&rsquo s strategy to capture rising Asian wealth by tapping its twin hubs of Singapore and Hong Kong. 
Noting that the bank&rsquo s offshore customers are eager to discuss wealth plans when they visit Singapore, Mr Quek said: &ldquo We expect to welcome more of such customers from China in May, given that it takes time to renew passports and make travel plans.&rdquo
HSBC has recently seen a &ldquo sharp increase&rdquo in engagements with clients from Greater China who have business interests in the region and are travelling to or transiting through Singapore.
Mr Kunz said: &ldquo They are particularly keen to find out more about holistic long-term wealth planning solutions, which include family trust, liquidity planning and family office set-up.&rdquo
Wrise&rsquo s Mr Tan said Chinese investors eyeing the overseas market will seek global multi-asset funds &ndash a one-stop-shop solution for them to avoid allocating their global assets themselves &ndash and alternative investment products.
&ldquo The emigration of wealthy Chinese and setting up of family offices will help to generate employment opportunities in the wealth management scene as these family offices increasingly hire local advisers and investment professionals,&rdquo he said.
China is set to drive a rebound in global economic activity and tourism, amid an expected surge in Chinese consumption fuelled by pent-up demand and savings. PHOTO: EPA-EFE
Citi&rsquo s Ms Liao expects an uptick in volumes related to the setting up of family offices and trusts as a result of China&rsquo s reopening.
&ldquo These ultra-high-net-worth Chinese individuals have diverse needs that go beyond traditional wealth management solutions into investment and commercial banking,&rdquo she said.
Besides setting up family offices, China&rsquo s well-heeled are also interested in the likes of private equity and debt, real estate and infrastructure, said Mr Tan, noting analyst sentiments that China&rsquo s reopening will also drive property sales here.
But renewed interest from China&rsquo s wealthy is only one part of the equation. The reopening also creates new investment opportunities for investors globally and bodes well for Asia&rsquo s affluent who are keen to set up family offices abroad, with Singapore poised to benefit.
Mr Tan said: &ldquo Overall, we predict greater movement of ultra-high-net-worth individuals in Asia in the wake of China&rsquo s reopening, with Singapore continuing to be one of the top considerations.&rdquo
Mr Tommy Leung, UBS Global Wealth Management&rsquo s co-head of global family and institutional wealth for Asia-Pacific, said China&rsquo s reopening brightens the outlook for investors and corporations.
&ldquo This will revive domestic household spending, kickstart the local economy and renew earnings growth which, in turn, will support future share valuations across many sectors. Overall, we see increasing interest in Chinese financial assets from clients across different parts of the world,&rdquo he said.
He noted that the opening of China&rsquo s borders will support South-east Asia&rsquo s tourism industry, particularly in Vietnam, Thailand and Singapore, resulting in greater consumer spending and stronger demand for energy and commodities.
&ldquo China and emerging markets equities will likely outperform US and global equities,&rdquo he said, adding that the earlier-than-expected reopening will also boost Asian investment grade bonds, oil and the Chinese yuan.
&ldquo We recommend investors to focus on these potential winners rather than the broader market,&rdquo he said.
Mr Joseph Poon, group head of DBS Private Bank, said the rapid reopening of China&rsquo s economy has brightened the outlook for global investors.
&ldquo We continue to see strong interest from new and existing clients around the world, who are keen to tap into the vast and rising investment and capital-raising opportunities in Singapore and Asia,&rdquo he said.
There is demand for alternative investments such as private equity as a safe haven amid market volatility as investors increasingly aim to unlock opportunities from growth capital investing, he noted.
DBS expects global demand for family offices to continue rising as clients, now more aware of the importance of long-term planning, seek to protect their legacy.
Mr Poon said: &ldquo With the pandemic episode still fresh on their minds, they have adopted a broader view of their legacy across all four pillars of business, financial, family and philanthropy, and are prioritising structural issues such as wealth preservation and family governance. The pandemic also highlighted the necessity of having a Plan B for their most crucial asset: human capital.
&ldquo Against this backdrop, the unique strength of the Singapore Inc proposition &ndash a cocktail of attributes including political and economic stability, and an established financial centre &ndash continues to appeal to families worldwide.&rdquo


 Useful To Me  Not Useful To Me
chartistkao1
Supreme
06-Feb-2023 13:44     
 
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 Alert Admin 		There can be several reasons why Chinese banks might ease lending to property developers:
  1. Stimulating economic growth: By providing more credit to property developers, banks can help to boost economic growth by stimulating investment and construction activity in the real estate sector.
  2. Meeting demand for housing: Easing lending to property developers can help to meet growing demand for housing in China, especially in urban areas where real estate prices have been rising.
  3. Support government policy:


chartistkao1      ( Date: 06-Feb-2023 11:18) Posted:

China&rsquo s reopening set to drive more of Asia&rsquo s wealthy to Singapore

A rebound in global economic activity, growth in tourism and a surge in Chinese consumption could give banks in Singapore a boost. PHOTO: ST FILE
Updated
4 Hours Ago
SINGAPORE &ndash China&rsquo s reopening is poised to kindle fresh interest in Singapore as a financial hub among the well-heeled in China and the rest of the region, with certain private banks here seeing an increase in queries from affluent clients in recent months.
The world&rsquo s second-largest economy, which had one of the tightest Covid-19 regulation regimes, significantly eased restrictions in December and opened its borders the following month.
On the cards are a rebound in global economic activity, growth in tourism and a surge in Chinese consumption fuelled by pent-up demand and savings, all of which could give banks here a boost.
 
Mr Philip Kunz, HSBC&rsquo s head of global private banking for South Asia, expects spending patterns to shift from goods to services.
&ldquo As China consumes more, they will also buy more from the rest of the world, reintegrating China&rsquo s trade and investment with the rest of Asia and the world,&rdquo he said.
Ms Lillian Liao, global market manager for China at Citi Private Bank, said Chinese clients are attracted to Singapore&rsquo s uniquely bilingual business environment, as they can assimilate easily.
Demand from such clients will likely grow two to three times in 2023 in Singapore&rsquo s private banking industry as a whole, she added.
 
Get tips to grow your investments and career in weekly newsletter
Sign up
By signing up, you agree to our Privacy Policy and Terms and Conditions.
Queries, volumes and acquisition numbers related to Chinese clients at Citi Private Bank are already up 3½ times from 2020.
&ldquo We foresee a substantial increase in the number of Chinese entrepreneurs travelling to Singapore, finally being able to engage face to face with business partners and contacts here,&rdquo added Ms Liao, who assumed a role created by Citi in 2021 to better cater to such entrepreneurs here.
The knock-on effect could see many of these entrepreneurs and their families establishing a base here, which could further benefit the banking industry, she added.
 
 
The city-state has long been popular among Chinese family offices due to its cordial relationship with China, stable political landscape and reputation as a digitally advanced financial services hub, said Mr Derrick Tan, chairman and chief executive of Wrise Wealth Management, which helps family offices and ultra-high-net-worth individuals with investments.
&ldquo With the reopening of China, Singapore&rsquo s close geographical location, being just a few hours&rsquo flight away, makes the city much more accessible,&rdquo he added.
Mr Sunny Quek, OCBC Bank&rsquo s head of global consumer financial services, expects the reopening to positively impact the bank&rsquo s strategy to capture rising Asian wealth by tapping its twin hubs of Singapore and Hong Kong. 
Noting that the bank&rsquo s offshore customers are eager to discuss wealth plans when they visit Singapore, Mr Quek said: &ldquo We expect to welcome more of such customers from China in May, given that it takes time to renew passports and make travel plans.&rdquo
HSBC has recently seen a &ldquo sharp increase&rdquo in engagements with clients from Greater China who have business interests in the region and are travelling to or transiting through Singapore.
Mr Kunz said: &ldquo They are particularly keen to find out more about holistic long-term wealth planning solutions, which include family trust, liquidity planning and family office set-up.&rdquo
Wrise&rsquo s Mr Tan said Chinese investors eyeing the overseas market will seek global multi-asset funds &ndash a one-stop-shop solution for them to avoid allocating their global assets themselves &ndash and alternative investment products.
&ldquo The emigration of wealthy Chinese and setting up of family offices will help to generate employment opportunities in the wealth management scene as these family offices increasingly hire local advisers and investment professionals,&rdquo he said.
China is set to drive a rebound in global economic activity and tourism, amid an expected surge in Chinese consumption fuelled by pent-up demand and savings. PHOTO: EPA-EFE
Citi&rsquo s Ms Liao expects an uptick in volumes related to the setting up of family offices and trusts as a result of China&rsquo s reopening.
&ldquo These ultra-high-net-worth Chinese individuals have diverse needs that go beyond traditional wealth management solutions into investment and commercial banking,&rdquo she said.
Besides setting up family offices, China&rsquo s well-heeled are also interested in the likes of private equity and debt, real estate and infrastructure, said Mr Tan, noting analyst sentiments that China&rsquo s reopening will also drive property sales here.
But renewed interest from China&rsquo s wealthy is only one part of the equation. The reopening also creates new investment opportunities for investors globally and bodes well for Asia&rsquo s affluent who are keen to set up family offices abroad, with Singapore poised to benefit.
Mr Tan said: &ldquo Overall, we predict greater movement of ultra-high-net-worth individuals in Asia in the wake of China&rsquo s reopening, with Singapore continuing to be one of the top considerations.&rdquo
Mr Tommy Leung, UBS Global Wealth Management&rsquo s co-head of global family and institutional wealth for Asia-Pacific, said China&rsquo s reopening brightens the outlook for investors and corporations.
&ldquo This will revive domestic household spending, kickstart the local economy and renew earnings growth which, in turn, will support future share valuations across many sectors. Overall, we see increasing interest in Chinese financial assets from clients across different parts of the world,&rdquo he said.
He noted that the opening of China&rsquo s borders will support South-east Asia&rsquo s tourism industry, particularly in Vietnam, Thailand and Singapore, resulting in greater consumer spending and stronger demand for energy and commodities.
&ldquo China and emerging markets equities will likely outperform US and global equities,&rdquo he said, adding that the earlier-than-expected reopening will also boost Asian investment grade bonds, oil and the Chinese yuan.
&ldquo We recommend investors to focus on these potential winners rather than the broader market,&rdquo he said.
Mr Joseph Poon, group head of DBS Private Bank, said the rapid reopening of China&rsquo s economy has brightened the outlook for global investors.
&ldquo We continue to see strong interest from new and existing clients around the world, who are keen to tap into the vast and rising investment and capital-raising opportunities in Singapore and Asia,&rdquo he said.
There is demand for alternative investments such as private equity as a safe haven amid market volatility as investors increasingly aim to unlock opportunities from growth capital investing, he noted.
DBS expects global demand for family offices to continue rising as clients, now more aware of the importance of long-term planning, seek to protect their legacy.
Mr Poon said: &ldquo With the pandemic episode still fresh on their minds, they have adopted a broader view of their legacy across all four pillars of business, financial, family and philanthropy, and are prioritising structural issues such as wealth preservation and family governance. The pandemic also highlighted the necessity of having a Plan B for their most crucial asset: human capital.
&ldquo Against this backdrop, the unique strength of the Singapore Inc proposition &ndash a cocktail of attributes including political and economic stability, and an established financial centre &ndash continues to appeal to families worldwide.&rdquo


chartistkao1      ( Date: 06-Feb-2023 11:03) Posted:

CHINESE banks are touting a wide variety of retail lending products as authorities need a pickup in consumer spending to create a more solid foundation for the world&rsquo s second-largest economy.
Lenders including Bank of China (BOC) and China Construction Bank are offering preferential interest rates and incentives such as gift cards on e-commerce platforms to lure customers to their retail loan offerings.
While banks typically front-load their credit issuance early in the year, the latest lending push comes as Beijing exited its stringent Covid Zero policy that&rsquo s bruised businesses and dragged economic growth down to the second slowest pace since 1970s. Chinese President Xi Jinping last week called for expanding consumer demand in order to realise a virtuous economic cycle.
 
The lending promotions also coincided with the Chinese New Year, seeking to capture consumer demand during the nation&rsquo s most important annual holiday.
The Jiangsu branch of BOC is offering annualised rates as low as 3.6 per cent on a consumer loan product until the end of March, according to an ad. China Guangfa Bank is granting rates as low as 3.65 per cent on retail loans, down from 4.35 per cent earlier, according to its website and local media. China&rsquo s one-year loan prime rate, a benchmark for lending rates, was 3.65 per cent in January.
China Merchants Bank, known as the nation&rsquo s king of retail banking, gave out 34 per cent rate discount vouchers on a consumer loan in a campaign that ended Jan 31, according to information on its mobile app. New users in February will be given a 30 per cent rate discount instead and eligible for rewards such as Dyson hairdryers.
 
Stay updated with
BT Newsletters
 
Email
 
By signing up, you agree to our  Privacy policy  and  Terms and Conditions.
Your feedback is important to us
Tell us what you think. Email us at  [email protected]
 
Policymakers have signalled they&rsquo ll prioritise economic growth this year with a key focus on boosting consumption and investment, signalling more fiscal and monetary stimulus could be on the way. China&rsquo s bank lending in January is expected to exceed 4 trillion yuan (S$781 billion), a monthly record, the Securities Daily reported on Wednesday (Feb 1) citing analyst estimates.
The consumer banking business will mainly help drive growth at Chinese banks in 2023 because it had fallen so much the year before in comparison, according to Winnie Wu, chief China equity strategist at Bank of America.
While consumer retail loans made up about half of all new loans every year before the pandemic, they only comprised about a fifth of new loans last year, she said.
Still, policymakers are likely to keep a close eye on borrowing. Beijing has over the past years sought to reduce leverage in the economy, primarily through crackdown on shadow banking that has rocked the nation&rsquo s real estate market.
&ldquo So this year and next year, if the economy were to recover and the property market were to somewhat recover, mortgage loan growth has to come back,&rdquo she said. Increased mobility will also boost credit card spending, she added, but cautioned that from &ldquo the top-down government policy guidance perspective, they don&rsquo t want the household sector to overly lever up&rdquo .
Wu said the household loan mix at banks probably will not go &ldquo back to the good old days of 50 per cent, or more than 50 per cent, of new loans&rdquo . BLOOMBERG
 


 Useful To Me  Not Useful To Me
chartistkao1
Supreme
06-Feb-2023 11:18     
 
chartistkao1 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

China&rsquo s reopening set to drive more of Asia&rsquo s wealthy to Singapore

A rebound in global economic activity, growth in tourism and a surge in Chinese consumption could give banks in Singapore a boost. PHOTO: ST FILE
Updated
4 Hours Ago
SINGAPORE &ndash China&rsquo s reopening is poised to kindle fresh interest in Singapore as a financial hub among the well-heeled in China and the rest of the region, with certain private banks here seeing an increase in queries from affluent clients in recent months.
The world&rsquo s second-largest economy, which had one of the tightest Covid-19 regulation regimes, significantly eased restrictions in December and opened its borders the following month.
On the cards are a rebound in global economic activity, growth in tourism and a surge in Chinese consumption fuelled by pent-up demand and savings, all of which could give banks here a boost.
 
Mr Philip Kunz, HSBC&rsquo s head of global private banking for South Asia, expects spending patterns to shift from goods to services.
&ldquo As China consumes more, they will also buy more from the rest of the world, reintegrating China&rsquo s trade and investment with the rest of Asia and the world,&rdquo he said.
Ms Lillian Liao, global market manager for China at Citi Private Bank, said Chinese clients are attracted to Singapore&rsquo s uniquely bilingual business environment, as they can assimilate easily.
Demand from such clients will likely grow two to three times in 2023 in Singapore&rsquo s private banking industry as a whole, she added.
 
Get tips to grow your investments and career in weekly newsletter
Sign up
By signing up, you agree to our Privacy Policy and Terms and Conditions.
Queries, volumes and acquisition numbers related to Chinese clients at Citi Private Bank are already up 3½ times from 2020.
&ldquo We foresee a substantial increase in the number of Chinese entrepreneurs travelling to Singapore, finally being able to engage face to face with business partners and contacts here,&rdquo added Ms Liao, who assumed a role created by Citi in 2021 to better cater to such entrepreneurs here.
The knock-on effect could see many of these entrepreneurs and their families establishing a base here, which could further benefit the banking industry, she added.
 
 
The city-state has long been popular among Chinese family offices due to its cordial relationship with China, stable political landscape and reputation as a digitally advanced financial services hub, said Mr Derrick Tan, chairman and chief executive of Wrise Wealth Management, which helps family offices and ultra-high-net-worth individuals with investments.
&ldquo With the reopening of China, Singapore&rsquo s close geographical location, being just a few hours&rsquo flight away, makes the city much more accessible,&rdquo he added.
Mr Sunny Quek, OCBC Bank&rsquo s head of global consumer financial services, expects the reopening to positively impact the bank&rsquo s strategy to capture rising Asian wealth by tapping its twin hubs of Singapore and Hong Kong. 
Noting that the bank&rsquo s offshore customers are eager to discuss wealth plans when they visit Singapore, Mr Quek said: &ldquo We expect to welcome more of such customers from China in May, given that it takes time to renew passports and make travel plans.&rdquo
HSBC has recently seen a &ldquo sharp increase&rdquo in engagements with clients from Greater China who have business interests in the region and are travelling to or transiting through Singapore.
Mr Kunz said: &ldquo They are particularly keen to find out more about holistic long-term wealth planning solutions, which include family trust, liquidity planning and family office set-up.&rdquo
Wrise&rsquo s Mr Tan said Chinese investors eyeing the overseas market will seek global multi-asset funds &ndash a one-stop-shop solution for them to avoid allocating their global assets themselves &ndash and alternative investment products.
&ldquo The emigration of wealthy Chinese and setting up of family offices will help to generate employment opportunities in the wealth management scene as these family offices increasingly hire local advisers and investment professionals,&rdquo he said.
China is set to drive a rebound in global economic activity and tourism, amid an expected surge in Chinese consumption fuelled by pent-up demand and savings. PHOTO: EPA-EFE
Citi&rsquo s Ms Liao expects an uptick in volumes related to the setting up of family offices and trusts as a result of China&rsquo s reopening.
&ldquo These ultra-high-net-worth Chinese individuals have diverse needs that go beyond traditional wealth management solutions into investment and commercial banking,&rdquo she said.
Besides setting up family offices, China&rsquo s well-heeled are also interested in the likes of private equity and debt, real estate and infrastructure, said Mr Tan, noting analyst sentiments that China&rsquo s reopening will also drive property sales here.
But renewed interest from China&rsquo s wealthy is only one part of the equation. The reopening also creates new investment opportunities for investors globally and bodes well for Asia&rsquo s affluent who are keen to set up family offices abroad, with Singapore poised to benefit.
Mr Tan said: &ldquo Overall, we predict greater movement of ultra-high-net-worth individuals in Asia in the wake of China&rsquo s reopening, with Singapore continuing to be one of the top considerations.&rdquo
Mr Tommy Leung, UBS Global Wealth Management&rsquo s co-head of global family and institutional wealth for Asia-Pacific, said China&rsquo s reopening brightens the outlook for investors and corporations.
&ldquo This will revive domestic household spending, kickstart the local economy and renew earnings growth which, in turn, will support future share valuations across many sectors. Overall, we see increasing interest in Chinese financial assets from clients across different parts of the world,&rdquo he said.
He noted that the opening of China&rsquo s borders will support South-east Asia&rsquo s tourism industry, particularly in Vietnam, Thailand and Singapore, resulting in greater consumer spending and stronger demand for energy and commodities.
&ldquo China and emerging markets equities will likely outperform US and global equities,&rdquo he said, adding that the earlier-than-expected reopening will also boost Asian investment grade bonds, oil and the Chinese yuan.
&ldquo We recommend investors to focus on these potential winners rather than the broader market,&rdquo he said.
Mr Joseph Poon, group head of DBS Private Bank, said the rapid reopening of China&rsquo s economy has brightened the outlook for global investors.
&ldquo We continue to see strong interest from new and existing clients around the world, who are keen to tap into the vast and rising investment and capital-raising opportunities in Singapore and Asia,&rdquo he said.
There is demand for alternative investments such as private equity as a safe haven amid market volatility as investors increasingly aim to unlock opportunities from growth capital investing, he noted.
DBS expects global demand for family offices to continue rising as clients, now more aware of the importance of long-term planning, seek to protect their legacy.
Mr Poon said: &ldquo With the pandemic episode still fresh on their minds, they have adopted a broader view of their legacy across all four pillars of business, financial, family and philanthropy, and are prioritising structural issues such as wealth preservation and family governance. The pandemic also highlighted the necessity of having a Plan B for their most crucial asset: human capital.
&ldquo Against this backdrop, the unique strength of the Singapore Inc proposition &ndash a cocktail of attributes including political and economic stability, and an established financial centre &ndash continues to appeal to families worldwide.&rdquo


chartistkao1      ( Date: 06-Feb-2023 11:03) Posted:

CHINESE banks are touting a wide variety of retail lending products as authorities need a pickup in consumer spending to create a more solid foundation for the world&rsquo s second-largest economy.
Lenders including Bank of China (BOC) and China Construction Bank are offering preferential interest rates and incentives such as gift cards on e-commerce platforms to lure customers to their retail loan offerings.
While banks typically front-load their credit issuance early in the year, the latest lending push comes as Beijing exited its stringent Covid Zero policy that&rsquo s bruised businesses and dragged economic growth down to the second slowest pace since 1970s. Chinese President Xi Jinping last week called for expanding consumer demand in order to realise a virtuous economic cycle.
 
The lending promotions also coincided with the Chinese New Year, seeking to capture consumer demand during the nation&rsquo s most important annual holiday.
The Jiangsu branch of BOC is offering annualised rates as low as 3.6 per cent on a consumer loan product until the end of March, according to an ad. China Guangfa Bank is granting rates as low as 3.65 per cent on retail loans, down from 4.35 per cent earlier, according to its website and local media. China&rsquo s one-year loan prime rate, a benchmark for lending rates, was 3.65 per cent in January.
China Merchants Bank, known as the nation&rsquo s king of retail banking, gave out 34 per cent rate discount vouchers on a consumer loan in a campaign that ended Jan 31, according to information on its mobile app. New users in February will be given a 30 per cent rate discount instead and eligible for rewards such as Dyson hairdryers.
 
Stay updated with
BT Newsletters
 
Email
 
By signing up, you agree to our  Privacy policy  and  Terms and Conditions.
Your feedback is important to us
Tell us what you think. Email us at  [email protected]
 
Policymakers have signalled they&rsquo ll prioritise economic growth this year with a key focus on boosting consumption and investment, signalling more fiscal and monetary stimulus could be on the way. China&rsquo s bank lending in January is expected to exceed 4 trillion yuan (S$781 billion), a monthly record, the Securities Daily reported on Wednesday (Feb 1) citing analyst estimates.
The consumer banking business will mainly help drive growth at Chinese banks in 2023 because it had fallen so much the year before in comparison, according to Winnie Wu, chief China equity strategist at Bank of America.
While consumer retail loans made up about half of all new loans every year before the pandemic, they only comprised about a fifth of new loans last year, she said.
Still, policymakers are likely to keep a close eye on borrowing. Beijing has over the past years sought to reduce leverage in the economy, primarily through crackdown on shadow banking that has rocked the nation&rsquo s real estate market.
&ldquo So this year and next year, if the economy were to recover and the property market were to somewhat recover, mortgage loan growth has to come back,&rdquo she said. Increased mobility will also boost credit card spending, she added, but cautioned that from &ldquo the top-down government policy guidance perspective, they don&rsquo t want the household sector to overly lever up&rdquo .
Wu said the household loan mix at banks probably will not go &ldquo back to the good old days of 50 per cent, or more than 50 per cent, of new loans&rdquo . BLOOMBERG
 


chartistkao1      ( Date: 02-Feb-2023 09:48) Posted:

will US triger an asia war in 2025?
https://my-h5news.app.xinhuanet.com/news/article.html?articleId=65771bf089f781dd31541ab62cac41e9
https://www.afr.com/policy/foreign-affairs/top-us-air-force-general-predicts-china-conflict-in-2025-20230129-p5cg89
 
to keep raising us rates to fight inflation
 


 Useful To Me  Not Useful To Me


chartistkao1
Supreme
06-Feb-2023 11:03     
 
chartistkao1 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin
CHINESE banks are touting a wide variety of retail lending products as authorities need a pickup in consumer spending to create a more solid foundation for the world&rsquo s second-largest economy.
Lenders including Bank of China (BOC) and China Construction Bank are offering preferential interest rates and incentives such as gift cards on e-commerce platforms to lure customers to their retail loan offerings.
While banks typically front-load their credit issuance early in the year, the latest lending push comes as Beijing exited its stringent Covid Zero policy that&rsquo s bruised businesses and dragged economic growth down to the second slowest pace since 1970s. Chinese President Xi Jinping last week called for expanding consumer demand in order to realise a virtuous economic cycle.
 
The lending promotions also coincided with the Chinese New Year, seeking to capture consumer demand during the nation&rsquo s most important annual holiday.
The Jiangsu branch of BOC is offering annualised rates as low as 3.6 per cent on a consumer loan product until the end of March, according to an ad. China Guangfa Bank is granting rates as low as 3.65 per cent on retail loans, down from 4.35 per cent earlier, according to its website and local media. China&rsquo s one-year loan prime rate, a benchmark for lending rates, was 3.65 per cent in January.
China Merchants Bank, known as the nation&rsquo s king of retail banking, gave out 34 per cent rate discount vouchers on a consumer loan in a campaign that ended Jan 31, according to information on its mobile app. New users in February will be given a 30 per cent rate discount instead and eligible for rewards such as Dyson hairdryers.
 
Stay updated with
BT Newsletters
 
Email
 
By signing up, you agree to our  Privacy policy  and  Terms and Conditions.
Your feedback is important to us
Tell us what you think. Email us at  [email protected]
 
Policymakers have signalled they&rsquo ll prioritise economic growth this year with a key focus on boosting consumption and investment, signalling more fiscal and monetary stimulus could be on the way. China&rsquo s bank lending in January is expected to exceed 4 trillion yuan (S$781 billion), a monthly record, the Securities Daily reported on Wednesday (Feb 1) citing analyst estimates.
The consumer banking business will mainly help drive growth at Chinese banks in 2023 because it had fallen so much the year before in comparison, according to Winnie Wu, chief China equity strategist at Bank of America.
While consumer retail loans made up about half of all new loans every year before the pandemic, they only comprised about a fifth of new loans last year, she said.
Still, policymakers are likely to keep a close eye on borrowing. Beijing has over the past years sought to reduce leverage in the economy, primarily through crackdown on shadow banking that has rocked the nation&rsquo s real estate market.
&ldquo So this year and next year, if the economy were to recover and the property market were to somewhat recover, mortgage loan growth has to come back,&rdquo she said. Increased mobility will also boost credit card spending, she added, but cautioned that from &ldquo the top-down government policy guidance perspective, they don&rsquo t want the household sector to overly lever up&rdquo .
Wu said the household loan mix at banks probably will not go &ldquo back to the good old days of 50 per cent, or more than 50 per cent, of new loans&rdquo . BLOOMBERG
 


chartistkao1      ( Date: 02-Feb-2023 09:48) Posted:

will US triger an asia war in 2025?
https://my-h5news.app.xinhuanet.com/news/article.html?articleId=65771bf089f781dd31541ab62cac41e9
https://www.afr.com/policy/foreign-affairs/top-us-air-force-general-predicts-china-conflict-in-2025-20230129-p5cg89
 
to keep raising us rates to fight inflation
 


chartistkao1      ( Date: 02-Feb-2023 09:31) Posted:

usd sgd will hit 1?
https://www.voachinese.com/a/blinken-china-visit-preview-20230201/6942715.htm
 Useful To Me  Not Useful To Me
chartistkao1
Supreme
02-Feb-2023 09:48     
 
chartistkao1 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		will US triger an asia war in 2025?
https://my-h5news.app.xinhuanet.com/news/article.html?articleId=65771bf089f781dd31541ab62cac41e9
https://www.afr.com/policy/foreign-affairs/top-us-air-force-general-predicts-china-conflict-in-2025-20230129-p5cg89
 
to keep raising us rates to fight inflation
 


chartistkao1      ( Date: 02-Feb-2023 09:31) Posted:

usd sgd will hit 1?
https://www.voachinese.com/a/blinken-china-visit-preview-20230201/6942715.html

chartistkao1      ( Date: 02-Feb-2023 09:25) Posted:

usd cnh expected to fall from 6.7 to 6.2 after the visit had taken place
https://www.lemonde.fr/en/international/article/2023/01/17/blinken-to-pay-long-awaited-china-visit-on-february-5-6_6011952_4.htm
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chartistkao1
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02-Feb-2023 09:31     
 
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 Alert Admin 		usd sgd will hit 1?
https://www.voachinese.com/a/blinken-china-visit-preview-20230201/6942715.html

chartistkao1      ( Date: 02-Feb-2023 09:25) Posted:

usd cnh expected to fall from 6.7 to 6.2 after the visit had taken place
https://www.lemonde.fr/en/international/article/2023/01/17/blinken-to-pay-long-awaited-china-visit-on-february-5-6_6011952_4.html

chartistkao1      ( Date: 01-Feb-2023 11:14) Posted:

october 2022 china ' s economy hit the bottom so when will the government start a new cycle to revive the dead economy
http://news.sohu.com/20100228/n270474393.shtm
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02-Feb-2023 09:25     
 
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 Alert Admin 		usd cnh expected to fall from 6.7 to 6.2 after the visit had taken place
https://www.lemonde.fr/en/international/article/2023/01/17/blinken-to-pay-long-awaited-china-visit-on-february-5-6_6011952_4.html

chartistkao1      ( Date: 01-Feb-2023 11:14) Posted:

october 2022 china ' s economy hit the bottom so when will the government start a new cycle to revive the dead economy
http://news.sohu.com/20100228/n270474393.shtml

chartistkao1      ( Date: 31-Jan-2023 16:26) Posted:

https://sbr.com.sg/news/uob-buys-citis-retail-businesses-in-4-sea-markets-us365
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01-Feb-2023 11:14     
 
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 Alert Admin 		october 2022 china ' s economy hit the bottom so when will the government start a new cycle to revive the dead economy
http://news.sohu.com/20100228/n270474393.shtml

chartistkao1      ( Date: 31-Jan-2023 16:26) Posted:

https://sbr.com.sg/news/uob-buys-citis-retail-businesses-in-4-sea-markets-us365b

chartistkao1      ( Date: 31-Jan-2023 16:16) Posted:

https://www.cnbc.com/id/4209955
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31-Jan-2023 16:26     
 
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 Alert Admin 		https://sbr.com.sg/news/uob-buys-citis-retail-businesses-in-4-sea-markets-us365b

chartistkao1      ( Date: 31-Jan-2023 16:16) Posted:

https://www.cnbc.com/id/42099554

chartistkao1      ( Date: 31-Jan-2023 15:59) Posted:

https://www.ft.com/content/447938ee-b9f0-11dd-8c07-0000779fd18
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31-Jan-2023 16:16     
 
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 Alert Admin 		https://www.cnbc.com/id/42099554

chartistkao1      ( Date: 31-Jan-2023 15:59) Posted:

https://www.ft.com/content/447938ee-b9f0-11dd-8c07-0000779fd18c

chartistkao1      ( Date: 31-Jan-2023 15:51) Posted:

https://finance.sina.cn/usstock/mggd/2023-01-27/detail-imycrmtf0937765.d.html
 
https://www.fx168news.com/article/134446
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 Alert Admin 		https://www.ft.com/content/447938ee-b9f0-11dd-8c07-0000779fd18c

chartistkao1      ( Date: 31-Jan-2023 15:51) Posted:

https://finance.sina.cn/usstock/mggd/2023-01-27/detail-imycrmtf0937765.d.html
 
https://www.fx168news.com/article/134446


chartistkao1      ( Date: 31-Jan-2023 15:47) Posted:

the US first planted a bait very low interest of usd to all asian countries then

第 一 階 段

1997年 7月 2日 ， 泰 國 宣 佈 放 棄 固 定 匯 率 制 ， 實 行 浮 動 匯 率 制 ， 引 發 一 場 遍 及 東 南 亞 的 金 融 風 暴 。
當 天 ， 泰 銖 兑 換 美 元 的 匯 率 下 降 了 17%， 外 匯 及 其 他 金 融 市 場 一 片 混 亂 。 在 泰 銖 波 動 的 影 響 下 ， 菲 律 賓 比 索 、 印 度 尼 西 亞 盾 、 馬 來 西 亞 林 吉 特 相 繼 成 為 國 際 炒 家 的 攻 擊 對 象 。
1997年 8月 ， 馬 來 西 亞 放 棄 保 衞 林 吉 特 的 努 力 。 一 向 堅 挺 的 新 加 坡 元 也 受 到 衝 擊 。 印 尼 雖 是 受 &ldquo 傳 染 &rdquo 最 晚 的 國 家 ， 但 受 到 的 衝 擊 最 為 嚴 重 。
1997年 10月 下 旬 ， 國 際 炒 家 移 師 國 際 金 融 中 心 香 港 ， 矛 頭 直 指 香 港 聯 繫 匯 率 制 。 台 灣 當 局 突 然 棄 守 新 台 幣 匯 率 ， 一 天 貶 值 3.46%， 加 大 了 對 港 幣 和 香 港 股 市 的 壓 力 。
1997年 10月 23日 ， 香 港 恆 生 指 數 大 跌 1211.47點 ； 28日 ， 下 跌 1621.80點 ， 跌 破 9000點 大 關 。 面 對 國 際 金 融 炒 家 的 猛 烈 進 攻 ， 香 港 特 區 政 府 重 申 不 會 改 變 現 行 匯 率 制 度 ， 恆 生 指 數 上 揚 ， 再 上 萬 點 大 關 。
1997年 11月 中 旬 ， 東 亞 的 韓 國 也 爆 發 金 融 風 暴 ， 17日 ， 韓 元 對 美 元 的 匯 率 跌 至 創 紀 錄 的 1008： 1。 21日 ， 韓 國 政 府 不 得 不 向 國 際 貨 幣 基 金 組 織 求 援 ， 暫 時 控 制 了 危 機 。 但 到 了 12月 13日 ， 韓 元 對 美 元 的 匯 率 又 降 至 1737.60： 1。 韓 元 危 機 也 衝 擊 了 在 韓 國 有 大 量 投 資 的 日 本 金 融 業 。
1997年 下 半 年 日 本 的 一 系 列 銀 行 和 證 券 公 司 相 繼 破 產 。 東 南 亞 金 融 風 暴 演 變 為 亞 洲 金 融 危 機 。
1997年 12月 6日 ， 中 共 中 央 、 國 務 院 發 出 《 關 於 深 化 金 融 改 革 ， 整 頓 金 融 秩 序 ， 防 範 金 融 風 險 的 通 知 》 。 [6] 

第 二 階 段

1998年 初 ， 印 尼 金 融 風 暴 再 起 ， 面 對 有 史 以 來 最 嚴 重 的 經 濟 衰 退 ， 國 際 貨 幣 基 金 組 織 為 印 尼 制 定 的 對 策 未 能 取 得 預 期 效 果 。
1998年 2月 11日 ， 印 尼 政 府 宣 佈 將 實 行 印 尼 盾 與 美 元 保 持 固 定 匯 率 的 聯 繫 匯 率 制 ， 以 穩 定 印 尼 盾 。 此 舉 遭 到 國 際 貨 幣 基 金 組 織 及 美 國 、 西 歐 的 一 致 反 對 。 國 際 貨 幣 基 金 組 織 揚 言 將 撤 回 對 印 尼 的 援 助 。 印 尼 陷 入 政 治 經 濟 大 危 機 。
1998年 2月 16日 ， 印 尼 盾 同 美 元 比 價 跌 破 10000： 1。 受 其 影 響 ， 東 南 亞 匯 市 再 起 波 瀾 ， 新 元 、 馬 幣 、 泰 銖 、 菲 律 賓 比 索 等 紛 紛 下 跌 。 直 到 4月 8日 印 尼 同 國 際 貨 幣 基 金 組 織 就 一 份 新 的 經 濟 改 革 方 案 達 成 協 議 ， 東 南 亞 匯 市 才 暫 告 平 靜 。
1997年 爆 發 的 東 南 亞 金 融 危 機 使 得 與 之 關 係 密 切 的 日 本 經 濟 陷 入 困 境 。 日 元 匯 率 從 1997年 6月 底 的 115日 元 兑 1美 元 跌 至 1998年 4月 初 的 133日 元 兑 1美 元 ； 5、 6月 間 ， 日 元 匯 率 一 路 下 跌 ， 一 度 接 近 150日 元 兑 1美 元 的 關 口 。 隨 着 日 元 的 大 幅 貶 值 ， 國 際 金 融 形 勢 更 加 不 明 朗 ， 亞 洲 金 融 危 機 繼 續 深 化 。

第 三 階 段

趁 美 國 股 市 動 盪 、 日 元 匯 率 持 續 下 跌 之 際 ， 國 際 炒 家 對 香 港 發 動 新 一 輪 進 攻 。 恆 生 指 數 跌 至 6600多 點 。 香 港 特 區 政 府 予 以 回 擊 ， 金 融 管 理 局 動 用 外 匯 基 金 進 入 股 市 和 期 貨 市 場 ， 吸 納 國 際 炒 家 拋 售 的 港 幣 ， 將 匯 市 穩 定 在 7.75港 元 兑 換 1美 元 的 水 平 上 。 一 個 月 後 ， 國 際 炒 家 損 失 慘 重 ， 無 法 再 次 實 現 把 香 港 作 為 &ldquo 超 級 提 款 機 &rdquo 的 企 圖 。 國 際 炒 家 在 香 港 失 利 的 同 時 ， 在 俄 羅 斯 更 遭 慘 敗 。 俄 羅 斯 中 央 銀 行 8月 17日 宣 佈 年 內 將 盧 布 兑 換 美 元 匯 率 的 浮 動 幅 度 擴 大 到 6.0～ 9.5： 1， 並 推 遲 償 還 外 債 及 暫 停 國 債 券 交 易 。
1998年 9月 2日 ， 盧 布 貶 值 70%。 這 都 使 俄 羅 斯 股 市 、 匯 市 急 劇 下 跌 ， 引 發 金 融 危 機 乃 至 經 濟 、 政 治 危 機 。 俄 羅 斯 政 策 的 突 變 ， 使 得 在 俄 羅 斯 股 市 投 下 鉅 額 資 金 的 國 際 炒 家 大 傷 元 氣 ， 並 帶 動 了 美 歐 國 家 股 市 的 匯 市 的 全 面 劇 烈 波 動 。 到 1998年 底 ， 俄 羅 斯 經 濟 仍 沒 有 擺 脱 困 境 。 1999年 ， 金 融 危 機 結 束 。

觸 發 因 素

編 輯
1997年 金 融 危 機 的 爆 發 ， 有 多 方 面 的 原 因 ， 我 國 學 者 一 般 認 為 可 以 分 為 直 接 觸 發 因 素 、 內 在 基 礎 因 素 和 世 界 經 濟 因 素 等 幾 個 方 面 。

經 濟 因 素

1949年 ， 新 中 國 成 立 預 示 着 社 會 主 義 陣 營 的 建 立 。 美 國 ， 作 為 資 本 主 義 頭 號 強 國 ， 危 機 感 陡 然 上 升 。 他 通 過 強 大 的 經 濟 後 盾 在 亞 太 地 區 建 立 起 一 個 資 本 主 義 的 統 一 戰 線 ： 韓 國 ， 日 本 ， 台 灣 直 至 東 南 亞 ， 都 成 為 美 國 的 經 濟 附 庸 。 這 給 亞 洲 一 些 國 家 飛 速 發 展 帶 來 了 經 濟 支 持 。 七 十 年 代 ， 東 南 亞 一 些 國 家 的 經 濟 迅 猛 發 展 。 但 是 ， 1991年 ， 蘇 聯 解 體 標 誌 着 社 會 主 義 陣 營 的 瓦 解 。
1.國 際 金 融 市 場 上 遊 資 的 衝 擊 。 在 全 球 範 圍 內 大 約 有 7萬 億 美 元 的 流 動 國 際 資 本 。 國 際 炒 家 一 旦 發 現 在 哪 個 國 家 或 地 區 有 利 可 圖 ， 馬 上 會 通 過 炒 作 衝 擊 該 國 或 地 區 的 貨 幣 ， 以 在 短 期 內 獲 取 暴 利 。
2.亞 洲 一 些 國 家 的 外 匯 政 策 不 當 。 它 們 為 了 吸 引 外 資 ， 一 方 面 保 持 固 定 匯 率 ， 一 方 面 又 擴 大 金 融 自 由 化 ， 給 國 際 炒 家 提 供 了 可 乘 之 機 。 如 泰 國 就 在 本 國 金 融 體 系 沒 有 理 順 之 前 ， 於 1992年 取 消 了 對 資 本 市 場 的 管 制 ， 使 短 期 資 金 的 流 動 暢 通 無 阻 ， 為 外 國 炒 家 炒 作 泰 銖 提 供 了 條 件 。
3.為 了 維 持 固 定 匯 率 制 ， 這 些 國 家 長 期 動 用 外 匯 儲 備 來 彌 補 逆 差 ， 導 致 外 債 的 增 加 。
4.這 些 國 家 的 外 債 結 構 不 合 理 。 在 中 期 、 短 期 債 務 較 多 的 情 況 下 ， 一 旦 外 資 流 出 超 過 外 資 流 入 ， 而 本 國 的 外 匯 儲 備 又 不 足 以 彌 補 其 不 足 ， 這 個 國 家 的 貨 幣 貶 值 便 是 不 可 避 免 的 了 。

內 在 因 素

1.透 支 性 經 濟 高 增 長 和 不 良 資 產 的 膨 脹 。 保 持 較 高 的 經 濟 增 長 速 度 ， 是 發 展 中 國 家 的 共 同 願 望 。 當 高 速 增 長 的 條 件 變 得 不 夠 充 足 時 ， 為 了 繼 續 保 持 速 度 ， 這 些 國 家 轉 向 靠 借 外 債 來 維 護 經 濟 增 長 。 但 由 於 經 濟 發 展 的 不 順 利 ， 到 20世 紀 90年 代 中 期 ， 亞 洲 有 些 國 家 已 不 具 備 還 債 能 力 。 在 東 南 亞 國 家 ， 房 地 產 吹 起 的 泡 沫 換 來 的 只 是 銀 行 貸 款 的 壞 賬 和 呆 賬 ； 至 於 韓 國 ， 由 於 大 企 業 從 銀 行 獲 得 資 金 過 於 容 易 ， 造 成 一 旦 企 業 狀 況 不 佳 ， 不 良 資 產 立 即 膨 脹 的 狀 況 。 不 良 資 產 的 大 量 存 在 ， 又 反 過 來 影 響 了 投 資 者 的 信 心 。
2.市 場 體 制 發 育 不 成 熟 。 一 是 政 府 在 資 源 配 置 上 干 預 過 度 ， 特 別 是 干 預 金 融 系 統 的 貸 款 投 向 和 項 目 ； 另 一 個 是 金 融 體 制 特 別 是 監 管 體 制 不 完 善 。
3.&ldquo 出 口 替 代 &rdquo 型 模 式 的 缺 陷 。 &ldquo 出 口 替 代 &rdquo 型 模 式 是 亞 洲 不 少 國 家 經 濟 成 功 的 重 要 原 因 。 但 這 種 模 式 也 存 在 着 三 方 面 的 不 足 ： 一 是 當 經 濟 發 展 到 一 定 的 階 段 ， 生 產 成 本 會 提 高 ， 出 口 會 受 到 抑 制 ， 引 起 這 些 國 家 國 際 收 支 的 不 平 衡 ； 二 是 當 這 一 出 口 導 向 戰 略 成 為 眾 多 國 家 的 發 展 戰 略 時 ， 會 形 成 它 們 之 間 的 相 互 擠 壓 ； 三 是 產 品 的 階 梯 性 進 步 是 繼 續 實 行 出 口 替 代 的 必 備 條 件 ， 僅 靠 資 源 的 廉 價 優 勢 是 無 法 保 持 競 爭 力 的 。 亞 洲 這 些 國 家 在 實 現 了 高 速 增 長 之 後 ， 沒 有 解 決 上 述 問 題 。

世 界 因 素

（ 1） 經 濟 全 球 化 帶 來 的 負 面 影 響 。 經 濟 全 球 化 使 世 界 各 地 的 經 濟 聯 繫 越 來 越 密 切 ， 但 由 此 而 來 的 負 面 影 響 也 不 可 忽 視 ， 如 民 族 國 家 間 利 益 衝 撞 加 劇 ， 資 本 流 動 能 力 增 強 ， 防 範 危 機 的 難 度 加 大 等 。
（ 2） 不 合 理 的 國 際 分 工 、 貿 易 和 貨 幣 體 制 ， 對 第 三 世 界 國 家 不 利 。 在 生 產 領 域 ， 仍 然 是 發 達 國 家 生 產 高 技 術 產 品 和 高 新 技 術 本 身 ， 產 品 的 技 術 含 量 逐 級 向 欠 發 達 、 不 發 達 國 家 下 降 ， 最 不 發 達 國 家 只 能 做 裝 配 工 作 和 生 產 初 級 產 品 。 在 交 換 領 域 ， 發 達 國 家 能 用 低 價 購 買 初 級 產 品 和 壟 斷 高 價 推 銷 自 己 的 產 品 。 在 國 際 金 融 和 貨 幣 領 域 ， 整 個 全 球 金 融 體 系 和 制 度 也 有 利 於 金 融 大 國 。


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