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HK puked today, down 2000pts
- Thread starter Byebye Penis
- Start date
Just profit taking...Best performing index in Oct 2024...round 2 pumping starts tomorrow
what does this term mean?time to 割韭菜
I thought China communist is in the market to snap up cheap shares?
Oops...is this the Tiongkok Basooka?
Somebody need to buy HIGH n sell LOW before CCP can buy cheaply
POssible...CCp will give some motivations again
Ang Mo say cut sheep hair
Many LaoTze commrades tio heart attack?
Communist shithole country with centrally planned economy also play with stock market? What a laugh.
Chinese stocks suffer worst fall in 27 years over growth concerns
https://www.theguardian.com/world/2...r-worst-fall-in-27-years-over-growth-concerns
https://thediplomat.com/2015/03/lee-kuan-yew-the-father-of-modern-china/
Lee Kuan Yew: The Father of Modern China?
Lee Kuan Yew’s influence helped shape the China we know today.Subscribe for ads-free reading
China Power
Lee Kuan Yew: The Father of Modern China?
Lee Kuan Yew’s influence helped shape the China we know today.
By Shannon Tiezzi
March 24, 2015
Subscribe for ads-free reading
With the passing of Lee Kuan Yew, Singapore’s first prime minister and one of the most influential Asian politicians, leaders and media outlets all over the world have put in their two cents on his legacy.
In the Western world, analysis of his influence is generally mixed; the Washington Post, for example, led off its piece by calling Lee “the democratic world’s favorite dictator.” But in China, where Lee’s mix of authoritarian governance and economic reform proved hugely influential, reflections are far more glowing.
China’s Foreign Ministry issued a statement on March 23 saying that “the Chinese side deeply mourns the loss of Mr. Lee Kuan Yew.”
The statement praised Lee as “a uniquely influential statesman in Asia and a strategist embodying oriental values and international vision.”
For China, that high praise might actually be underestimating Lee’s importance. After the death of Mao Zedong, Beijing’s leaders knew that Maoist philosophy was not the way forward for China – but they were loath to adopt Western alternatives such as democracy and a free market economy.
In Lee’s Singapore, Chinese leaders found an alternative path, a path they could sell as being uniquely suited for Asian (or “oriental,” as China’s FM put it) values. That choice, to combine economic reforms with authoritarianism, shaped China as we know it today.
Jin Canrong of Renmin University told China Daily that Lee’s greatest contribution to China was “sharing Singapore’s successful experience in governance.” In his biography of Deng Xiaoping, Ezra Vogel wrote that China’s great reformed was inspired by the example of Lee’s Singapore.
Xi Jinping himself has said that China’s modernization process has been undeniably shaped by the “tens of thousands of Chinese officials” who went to Singapore to study Lee’s model. Lee himself visited China over 30 times and met with Chinese leaders from Mao to Xi Jinping, offering advice.
Xi Jinping himself has said that China’s modernization process has been undeniably shaped by the “tens of thousands of Chinese officials” who went to Singapore to study Lee’s model. Lee himself visited China over 30 times and met with Chinese leaders from Mao to Xi Jinping, offering advice.
Chinese Stocks Turn Volatile as Traders Wait for MOF Briefing
- CSI 300 swings between gains and losses in Thursday trading
- Traders look for forceful fiscal steps by the finance ministry
By Bloomberg News
October 10, 2024 at 9:46 AM GMT+8
Updated on
October 10, 2024 at 10:28 AM GMT+8
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Chinese stocks whipsawed amid heavy volumes in Thursday’s morning session as traders awaited the outcome of the government’s planned briefing on fiscal policy due Saturday.
The CSI 300 Index was down 0.3% as of 10:20 a.m. local time, reversing an earlier gain of as much as 2.2%. The benchmark plunged 7.1% in the prior session in its worst day since 2020. An index of Chinese stocks listed in Hong Kong gained more than 2% before a holiday in the city on Friday.
Have a confidential tip for our
Hong Kong stocks rebound on PBOC’s US$70 billion finance facility, fiscal stimulus hopes
The Chinese central bank’s liquidity boosting tool sparks a 3.2 per cent surge in Hong Kong’s Hang Seng IndexHong Kong and Chinese stocks both rebounded from sell-offs after China’s central bank kicked off a US$70 billion financing facility to fund institutional buying and traders’ bets on more fiscal stimulus to shore up growth.
The Hang Seng Index jumped 3.2 per cent to 21,303.65 as of 10.39am local time, set to snap a two-day, 11 per cent decline. The Hang Seng Tech Index gained 2.3 per cent.
The CSI 300 Index rose 1.1 per cent, bouncing back from a 7.1 per cent slump a day earlier. The Shanghai Composite Index added 1.2 per cent.
Sentiment on the Hong Kong and mainland’s markets stabilised after the People’s Bank of China (PBOC) started the swap facility with an initial size of 500 billion yuan (US$70.7 billion). Under the programme, qualified brokerages, mutual-fund firms and insurance companies will be able to swap their holdings of bonds, stock exchange-traded funds as collaterals for government bonds and central bank bills, the PBOC said in a statement on Thursday. The size can be expanded and applications from qualified institutional will be accepted immediately, it said
The swap facility is part of a combined 800 billion yuan in financial tools announced by the PBOC last month to boost liquidity on the stock market. The package also includes a 300 billion yuan relending programme to fund stock buy-backs and stake increases by listed companies and major shareholders.
Investors will closely scrutinise a press conference by Finance Minister Lan Foan on Saturday. Hopes are high that Lan will announce or offer clues on the much-heralded fiscal stimulus after top leaders signalled an all-out pivot to prop up economic growth.
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