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Currency controls unlikely to end soon

Submitted by cahn on 27 October, 2008 - 1:13pm

China is not ready to relax its rigid foreign exchange regime, despite a landmark stock market reform next month that could trigger an influx of overseas cash, economists said yesterday.

The imminent launch of a long-awaited scheme that allows qualified foreign institutional investors (QFII) to buy yuan-denominated A shares has prompted overseas foreign exchange markets to price in a more flexible and stronger yuan.

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Lehman's Doom Spooks Hong Kong Art Sale; Two Thirds Goes Unsold

Submitted by cahn on 5 October, 2008 - 6:28pm

By Le-Min Lim

Oct. 5 (Bloomberg) -- Gloom prevailed at the second day of Asia's biggest art auction in Hong Kong since the U.S. credit crisis began with about two-thirds of the Chinese paintings and sculptures offered, many by masters, unsold.

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Day of Reckoning

Submitted by cahn on 22 January, 2008 - 12:44pm

Asia falling, falling, falling...

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Investors over-pay for guaranteed accumulators

Submitted by cahn on 18 October, 2007 - 12:45pm

Investors over-pay for guaranteed accumulators - RBS analysis claims that private banks are stacking trades heavily in their own favour when they sell guaranteed accumulators with low knock-outs. [Finance Asia]

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Banks bringing the market to a boil but CBRC won't say so

Submitted by cahn on 22 June, 2007 - 3:20am

"Eight mainland banks, including Industrial and Commercial Bank of China, have been punished for allowing loans to be channelled into property and stock markets, the banking regulator said yesterday." - SCMP, June 19

Back in 1996, when I was in the stockbroking business as a regional investment analyst, some of our people were wondering whether the Thai banking sector wasn't perhaps a little overstretched. Off I went to have a look along with a few others from our company.

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What did I say then?

Basically, it's open to any interpretation | SCMP

Submitted by cahn on 3 April, 2005 - 3:03am

At times like these, when Hong Kong is faced with another constitutional crisis and another Basic Law interpretation by the Standing Committee of the National People's Congress, one wishes that China were a more normal country, able to acknowledge that its leaders are human and capable of making mistakes.

But that is apparently not the case yet. The Communist Party persists in the notion that it should almost never admit that it is wrong.

......when the Hong Kong Basic Law was promulgated in 1990, the section defining people with the right of abode in Hong Kong simply said that "persons of Chinese nationality born outside Hong Kong" to Chinese citizens who were permanent residents of Hong Kong had the right of abode.......our Court of Final Appeal decided that all children of Hong Kong permanent residents, regardless of whether they were born before or after their parents acquired permanent residency, had the right of abode.

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