Tag Archives: China

Global Markets Hitting All-Time Highs

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“In the United States and the European Union, central banks have printed money mostly out of thin air. It’s quintessential funny money — an addictive drug that, when ultimately  withdrawn, could leave a series of painful hangovers.  But in key emerging markets — especially China — the central banks are drawing the liquid funds from a rich treasure chest of reserves. And this, in turn, is helping to create a burgeoning new middle class that’s driving more cars, crowding into more shopping malls, using more mobile devices, buying more homes.”

http://www.moneyandmarkets.com/global-markets-hitting-time-highs-70875

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IMF says Chinese yuan on path to inclusion in SDR basket

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“China’s economic reform plans, including opening up its capital account and deepening financial markets, should help Beijing meet the IMF’s criteria to join its Special Drawing Rights currency basket, the head of the IMF said on Thursday.  International Monetary Fund Managing Director Christine Lagarde earlier this year said it was a question of when, not if, China’s yuan will be included in the SDR basket – currently made up of dollars, yen, pounds and euros.  The IMF is due to review the basket’s composition later this year to assess whether any currencies meet its criteria, including being ‘freely usable,’ or convertible – seen as a key obstacle for the yuan, also known as the renminbi.”

http://www.reuters.com/article/2015/04/16/imf-g20-china-idUSL2N0XD1LI20150416

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Chinese Binge on Hong Kong Stocks Rescues City’s Flagging Bonds

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“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.”

http://www.bloomberg.com/news/articles/2015-04-16/chinese-binge-on-hong-kong-stocks-rescues-flagging-dim-sum-bonds

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Valuations of Hong Kong’s stock market operator go interstellar

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“For the first time analysts are more bullish about the operator of Hong Kong’s stock market than fast-growing Chinese firms like Lenovo Group and Tencent Holdings.  Shares in Hong Kong Exchanges and Clearing Ltd (HKEx) have risen about 40 percent in the past six days on an unprecedented flood of mainland investment in Hong Kong stocks.  Fund managers are stacking their chips on HKEx after Beijing allowed institutional investors to buy discounted shares in Hong Kong via a landmark stock pipeline scheme.  HKEx is well placed to benefit from more initiatives such as the planned Shenzhen-Hong Kong connect scheme, and as investment quotas for the Hong Kong-Shanghai pipeline are increased.”

http://www.reuters.com/article/2015/04/16/hkex-stocks-idUSL4N0XD1HU20150416

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Hong Kong stocks soar as investors flood market

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“Many of China’s biggest companies are dual-listed in Hong Kong and Shanghai, and savvy investors have long turned a profit by playing off the different share prices in the two markets.  Trading activity is also flooding Hong Kong through the ‘stock connect’ pilot program, which linked trading in the Hong Kong and Shanghai markets starting late last year.  The much-anticipated program drew lackluster interest from investors at first. But now, the China Securities Regulatory Commission has started letting mutual funds invest through the ‘stock connect,’ boosting trading volume.  The program has a daily quota for trading activity in both directions — from mainland China to Hong Kong, and the reverse.”

http://money.cnn.com/2015/04/09/investing/hong-kong-stocks-surge/index.html

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Obama wants China to stop copying the NSA’s surveillance plans

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“President Obama has criticized a Chinese plan to force US tech companies to install backdoors into their products for sale in the country. Without stopping for a moment to consider the phrase about glass houses and stones, he told Reuters that China would have to change its stance if it wanted to do business with the US.  The move comes as part of China’s new anti-terrorism law, which would require firms to keep data about their users inside China, hand over encryption keys and delete terrorism-related content. Worse than that, it would force companies like Google, Microsoft and Apple to poke holes in their software so that local surveillance agencies could spy on their citizens.”

http://www.engadget.com/2015/03/03/obama-china-backdoor/

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Apple may buy 1/3 of world’s gold production to meet iWatch demand

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“Technology giant Apple (NASDAQ:AAPL) may soon buy up one third of the world’s gold in order to meet the demands of its highly anticipated Apple Watch, according to reports.  Interest in the high-end model, featuring 18-karat gold casing, is picking up and the firm is already taking the necessary steps to have enough of them in stock. According to WSJ.com, Apple plans to start producing more than one million units per month in the second quarter of the year, anticipating high demand from Asian markets, mainly China. Josh Centers, from TidBits, estimates that each gold watch will contain 2 troy ounces (62.2 grams) of gold.”

http://www.mining.com/apple-buying-a-third-of-worlds-gold-to-meet-demand-for-iwatch-14071/

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Jim Rogers on Opportunities in Russia and Other Hated Markets

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“I’m an American citizen like you, and unfortunately the bigger picture is forcing the Russians, the Chinese, and others to accelerate in finding an alternative. That is not good for the US.  The Americans have a monopoly, because everyone who uses dollars has to get them cleared through New York. People were already starting to worry in the past few years about the American dominance of the system and its ability to just close everything down.  So now the Russians and Chinese and others are accelerating their efforts to find an alternative to SWIFT and to the American dollar and the dominance of the US financial system.  As I said earlier, none of this is good for the US.”

http://www.internationalman.com/articles/jim-rogers-on-opportunities-in-russia-and-other-hated-markets

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Doug Casey on ISIS, Gold, Oil, and What to Expect in 2015

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“I have no desire to be in the mainstream stock market for the duration. Even less to be in the bond market—the bubble there has gotten bigger and bigger over the last few years, to the point that it has reached a truly unholy size. Real estate is holding on, but it’s floating on a sea of debt, so when the bond bubble breaks, real estate—certainly in the Anglo-Saxon world—is in for big trouble. (And real estate is the most obvious thing for cash-strapped local governments to tax, as things turn down.)  I really don’t see any way out of this thing, other than through the wringer we’re now caught in. However long they last, I do think we’re in the last moments of calm before the storm breaks.”

http://www.caseyresearch.com/articles/doug-casey-on-isis-gold-oil-and-what-to-expect-in-2015-1

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Inside the Chinese Bitcoin Mine That’s Making $1.5M a Month

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“The mine we visited is just one of six sites owned by a secretive group of four people, part of a colossal mining operation that, as of our visit, cumulatively generated 4,050 bitcoins a month, equivalent to a monthly gross of $1.5 million.  Despite its dystopian appearance, the group’s six mining farms encompass eight petahashes per second of computing power, whose brute force, as of October, accounted for 3 percent of the entire Bitcoin network.  If you’ve bought or sold or conducted any Bitcoin transaction recently, these are some of the folks you have to thank.  Strangely, the mine’s workers actually live inside the facility itself, returning home just four or five days a month.”

http://motherboard.vice.com/read/chinas-biggest-secret-bitcoin-mine

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