nolic1944 • 21 hours ago Flag
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.Vanguard the most conservative investment fund in world (an oldest) increased their interest in Xin last quarter
Mr 444s medications are being adjusted by his new shrink.
" I'm just posting info for fools like you"! LOL! WOW - you think you are brilliant!!!!!
Necrotic stump- you really think, except for some crazy idiot ( who trolls here occasionally), anybody on this MB gives a darn about what you spout here. Nobody cares about a guy who has to stick his head in Mr. Trumps behind to think.
Call your shrink right away- your medications are not working. Get a consult for ECT- that is old style but may work for only you.
"your plight other than you own Nq, Xin, CCCL ........................bad real bad."
If my cost for XIN is $1.21 a share, CCCL is $0.92 a share and NQ at $8.40 a share- and that is my plight and it is bad - it is still better then good. Now call your shrink.
Global investors keep flooding into Asia and pushing the region’s currencies higher. WSJ’s Jake Lee speaks to Sacha Tihanyi, Senior Currency Strategist at Scotiabank.
Present rush- India and Indonesia (political changes but huge structural changes needed)
Malaysia ans South Korea- doing well but volatile
Taiwan and China- most stable.
July 27, 2014 (Forbes)
A survey released last week by HSBC Global says more U.S. multinationals are closing trade transactions in…you guessed it…the Chinese yuan.
Of course, this sort of news is right up HSBC’s alley. They are one of the premier financial centers in Hong Kong, where much of the off-shore Chinese currency transactions take place. It’s like a dream come true for the old colonial bank: the yuan increasingly being taken seriously as a viable trade currency.
According to the survey, U.S. businesses have joined a growing number of German and French firms using the yuan and more plan to use it “amid expectations by business leaders that their trade with China will increase in the next 12 months,” HSBC said in a press release on Wednesday.
Seventeen percent of U.S. businesses surveyed said their companies had used the yuan to settle trade this year, up from 9% last year. A total of 102 U.S. firms were part of the global survey that spread out along 11 countries. The global average was 22%.
The number now places U.S. businesses just behind French (26%) and German (23%) businesses in terms of yuan transactions outside of China, Hong Kong and Taiwan.
Even better fodder for the dollar death watchers, 22% of U.S. businesses who aren’t already using the yuan in transactions said they plan to use it within the next six months to five years, up from just 8% a
year ago. Globally, an average of 32% of business leaders said they planned to use the Chinese currency in the future.
“As China continues to internationalize its currency, there are more opportunities and considerations in trade, investment, cash management and funding for U.S. companies,” said Steve Bottomley, Head of Commercial Banking for North America at HSBC Bank U.S.A. Bottomley said that American businesses are are becoming more comfortable using the yuan and are increasingly making it part of their competitive strategy and planning.
The yuan is not set to overtake the dollar in Asian trade just yet. But as trade with China grows, one thing is certain: more American companies are willing to settle in yuan and hold that currency in accounts rather than exchange them for dollars.
In the next 12 months, 55% of U.S. businesses said they expect trade with China to grow, down from last year when 76% said trade flow should improve.
U.S. businesses now sell about 7% of their exports to China, compared to just 1% a decade ago. HSBC expects that to increase to 14% by 2030, adding to yuan demand.
HSBC also forecasts that a third of China’s trade will be settled in its own currency by 2015 and that the currency will be fully convertible within three years.
Most U.S. businesses surveyed said they don’t use the yuan in trade settling because they don’t understand or aren’t aware of the benefits of using it.
In other countries, executives said the top reasons for using the yuan were meeting demand from counter-parties, minimizing foreign exchange risks and increased convenience.
Using the yuan “also improve business relationships by making it more convenient for their Chinese counterparties, who may be reluctant to take on dollar exposure because their cost base is denominated in renminbi,” said Martin Brown, corporate lending chief at HSBC Bank in the U.S.
Shanty town housing is a way of addressing housing cost issues for those Chinese who can not afford housing at present prices. They are called social housing ventures, and funded by Government.
Why It’s a Good Time to Invest in Chinese Stocks
WSJ Live 3:19 mins
The mainland stock market has some bargains for foreign investors after dismal performance in the past four years. Alan Wang of Value Partners tells the WSJ's Wei Gu why Stock Connect will make it lucrative to invest in Chinese stocks again.
Just with the dividend- 15.7% return increases to 16.3% return if the dividend is kept the same. Gain of $2.36 per share even at dropped share value.
China's economy got off to a weak start this year as first-quarter growth cooled to an 18-month low of 7.4 percent. Beijing responded with a flurry of stimulus measures that pushed the pace up slightly to 7.5 percent in the second quarter, but soft July and August data suggest the boost from those steps is rapidly waning.
"The government must take forceful policy measures to stabilize growth," said Li Huiyong, an analyst at Shenyin & Wanguo Securities in Shanghai.
Other activity indicators for August were also mostly weaker than expected.
Retail sales climbed 11.9 percent, lagging forecasts of 12.1 percent and July's 12.2 percent, with growth in car sales in particular off sharply, suggesting consumers are more cautious.
Carmaker BYD Co Ltd, backed by billionaire Warren Buffett, recently warned profit may fall by as much as a fifth in the first nine months of the year.
Fixed-asset investment, an important driver of economic activity, grew 16.5 percent in the first eight months from the same period last year, lower than forecasts. Economists polled by Reuters had expected 16.9 percent growth, slowing from 17.0 percent in Jan-July.
Much of the broader decline appears linked to the slowdown in the property market, which is intensifying.
Property investment data also released on Saturday showed further declines in sales and new construction, while growth in sales of housing-related goods such as home appliances, furniture and building materials all slowed.
Mortgage issuance in the first eight months fell 4.5 percent from a year earlier, worse than a 3.7 percent drop in January-July. Some would-be buyers have complained of long delays in getting loans as banks grow more cautious, while others may be holding off in anticipation of further price declines.
Data on Friday showed that credit levels in China appeared to improve in August after an alarming drop in July, but remained below average. Bad loans are on the rise and banks expect more to go sour as the economy slows.
That followed trade data that showed China's exports were buoyant but import growth unexpectedly fell for the second consecutive month in August, posting its worst performance in over a year.
STEADY EMPLOYMENT COULD TEMPER BEIJING'S RESPONSE
While most analysts expect Beijing to unveil more steps in coming months in order to meet its 2014 growth target, the room for policy loosening is seen as limited after past stimulus programs left local governments saddled with piles of debt and fueled rampant speculation, especially in the housing market.
Bolder action now, such as an interest rate cut, may only result in more money going into speculative and potentially destabilizing activity rather the real economy, some analysts have noted.
The last time China suffered a "hard landing" was during the height of the global crisis, when economic growth tumbled to 6.6 percent in early 2009. That is far short of the near collapses which loomed over some developed economies, but still threw tens of millions of Chinese out of work, alarming the Communist Party's stability-obsessed leaders into action.
Despite slower growth, the economy still created 9.7 million new jobs in the first eight months of 2014, a rise of over 100,000 from the same period last year, said Guo Tongxin, another statistician at the bureau, trying to play down the significance of the dismal August indicators.
"It's normal to see fluctuations in some indicators. Currently, the employment and price situation remains generally stable (and) structural adjustments continue to make progress," Guo said in a statement.
Premier Li Keqiang said on Monday that China cannot rely on loose credit to lift its economy, and reassured a business forum that Beijing would continue to roll out modest "targeted" measures as policymakers look to shore up growth.
China became the largest digital TV household nation in 2010, and will boast 460 million digital homes by end-2020 – or 27% of the global total – up by 225 million on 2013. India will add 118 million digital TV homes between 2013 and 2020. India will overtake the US to take second place in 2015.
Brazil will take fourth place and Russia fifth by 2020 – both of which will more than double their digital TV totals. Watch out for Indonesia, which will leap to seventh place, by adding 42 million digital TV households.
China: Analogue in CCTV1 to CCTV5 was terminated on 31 January 2014 at 12:00 AM. Analogue services on CCTV6-CCTV10 will be terminated on 22 November 2014. Other channels that will terminate analogue broadcasts will follow this schedule: 12 July 2015 (CCTV11-CCTV16), 14 May 2016 (CCTV17-CCTV21), 17 August 2016 (CCTV22-CCTV27), 31 December 2016 (CCTV28-CCTV32), 25 May 2017 (CCTV33-CCTV36), and 1 January 2018 (CCTV37-CCTV45). The last date will mark the completion of the first portion of the Chinese analogue television shutdown.
redline_54321 • Sep 9, 2014 9:11 PM Flag
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1.40. Company has no earning and cant get over 1.40 for any length of time lately. No one believes they have 5.00 in cash.
So which one of your posts is TRUE!
Sequoia Capital chairman Michael Moritz
Michael Moritz, the chairman of VC firm Sequoia Capital, is a huge fan of Chinese internet companies and reiterated his enthusiasm for the Chinese market in an interview with The Wall Street Journal Wednesday.
The billionaire investor described the Alibaba IPO as a “major landmark event” that is as significant as the Google IPO, and said Chinese internet companies will create "one global battlefield" with western companies over the next decade.
He warned that a lot of US and European companies are still denying the significance of Chinese internet companies, and that the Alibaba IPO will only make more people aware of the booming Chinese tech industry.
Moritz also stressed how the work ethic of Chinese people is contributing to Alibaba’s massive growth. When you combine that with the talent they have, he said, it becomes a “formidable combination.”
“Alibaba is also valuable because of the drive of its leaders and the indefatigable work ethic of the company — people just work a lot harder in China than they do anywhere else,” he said.
While Alibaba’s IPO is indeed considered a historical event, it is worth noting that Sequoia is an early investor and shareholder of Alibaba. Sequoia is also one of the most active US VC firms in China, having opened its first China fund in 2005, according to the WSJ.
The record initial public offering by Alibaba Group Holding Ltd. BABA +38.07% underscores financial markets' appetite for new listings, giving fresh fuel to the rally in stocks.
The underlying case for equities remains strong, according to investors. The Federal Reserve isn't rushing to raise interest rates, the economy is expanding moderately and companies are posting higher earnings and continuing to buy back their own shares.
Moreover, many hedge funds and mutual funds are expected to buy stocks more broadly, as their returns are trailing the S&P 500's 8.8% gain this year. They will want to scramble to catch up.
Thanks to Alibaba, IPO issuance already has topped last year's total and is on its way to the biggest year by deal value in more than a decade, according to data from Dealogic.
In the year to date, IPOs in the U.S. have raised about $69 billion. That is up from $62 billion in all of 2013. The record was set in 2000, when IPOs garnered $105 billion.
"There is some buying power out there," said Andrew Slimmon, a portfolio manager at Morgan Stanley Wealth Management who oversees roughly $4 billion. "The market is going to have a good fourth quarter, because we have cleared some hurdles here."
It is not run by inbred-fundies!
Just hang to what you have. Add when the stock gets beaten down- bottom fishing is not perfect. But I will not sell at this price- unless you are very good at timing.
U.S. home resales unexpectedly fell in August as investors stepped away from the market, but the decline probably does not signal renewed weakness in the housing sector.
The National Association of Realtors said on Monday existing home sales dropped 1.8 percent to an annual rate of 5.05 million units. The decline followed four straight months of gains and the sales pace was still the second highest for the year.
Economists polled by Reuters had forecast sales increasing to a 5.20 million-unit pace. Compared to August last year, sales were down 5.3 percent. Sales rose in two of the four regions.
"We continue to expect the housing recovery to be sustained, and we look for the pace of sales activity to pick-up in the coming months" said Millan Mulraine, deputy chief economist at TD Securities in New York.
U.S. financial markets were little moved by the report.
Investors who have been propping up the market almost deserted it last month, accounting for only 12 percent of transactions, the smallest share since November 2009.
They are likely pulling back in anticipation of higher interest rates next year.
While first-time buyers did not step up in August, the Realtors group was optimistic that a strengthening labour market and some easing of lending practices would see their increased participation in the months ahead.
"First-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country," said NAR chief economist Lawrence Yun.
All cash sales made up 23 percent of transactions in August, the smallest share since December 2009.
The share of first-time buyers was steady at 29 percent. A market share of 40 percent to 45 percent is considered by economists and real estate agents as ideal.
Housing is steadily regaining its footing after stagnating in the second half of 2013 as interest rates increased and prices surged against the backdrop of a dwindling supply of properties available for sale.
A survey last week showed homebuilder sentiment hit its highest level in nearly nine years in September and builders reported a sharp pick-up in buyer traffic since early summer.
The inventory of unsold homes on the market increased 4.5 percent from a year-ago to 2.31 million in August.
At August's sales pace, it would take 5.5 months to clear houses from the market, unchanged from July. A months' supply of 6 months is viewed as a healthy balance between supply and demand.
The improving supply is helping to restrain price increases. The median home price increased 4.8 percent from a year ago.