“The flood of Chinese money pouring into Hong Kong stocks has had a spillover effect: rescuing the city’s flagging yuan bond market. Southbound flows through the Shanghai-Hong Kong equities link exceeded those headed to the mainland by more than 30 billion yuan ($4.8 billion) this month, swelling the offshore supply of China’s currency. As banks in the former British colony take in more yuan, they’re reducing deposit rates, making Dim Sum debt yields more attractive to investors. Hong Kong’s Hang Seng Index has jumped 11.6 percent this month after China made it easier for mainland funds to use the cross-border link to buy stocks.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Ex-cop guns down wife after she filed horrifying domestic violence report
Rand Paul: 'I can't see sending my son to fight on the same side as al Qaeda'
After gun enthusiast’s arrest, rifle-toting protestors gather outside McAllen PD
The Men Who Owned Bitcoin.com
Obama administration wants to put Algerian militant on secret ‘kill’ list
Obama’s crackdown views leaks as aiding enemies of U.S.
New documentary puts Donald Rumsfeld on the hotseat about Iraq
Some Alaskans bet on Bitcoin virtual currency
Japan’s Pension Fund Cutting Local Bonds to Buy Equities
Ron Paul: Secession Is 'Very American'
South Korea using smartphone app to curb military leaks
Bloomberg outage causes financial havoc as UK forced to delay £3bn debt sale
Why Cash Costs the U.S. Economy Real Money
Federal Judge Shoots Down IRS Attempt To Regulate All Paid Tax Preparers
Police Caught Planting Drugs In Small Business