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Chitchat She asked me why I went drinking again
- Thread starter AsiaDK
- Start date
Latest from my Super DK, ShentonDK over lunch,
his colleagues in another department are preparing for the fallout in the event that China revokes Singapore status as a Renminbi Settlement Hub status and China Foreign Exchange Trade System system and switch to KL.
his colleagues in another department are preparing for the fallout in the event that China revokes Singapore status as a Renminbi Settlement Hub status and China Foreign Exchange Trade System system and switch to KL.
So, die die must make LHL kowtow to 11. Can we send LWL instead?
Just announced the resignation of their CFO. stay tuned.
Many OCBC private clients were repeatedly peddled to buy their debts in 2015, helpless now.
http://infopub.sgx.com/FileOpen/Res... Director.ashx?App=Announcement&FileID=435831
Just a little update. Now the best defense is to attack. Yuan is traded offshore and onshore (within China) and technically If Singapore loses her Renminbi Settlement Hub status one day, the 100billion plus chinese yuan held in Singapore deposits will be forced to converted to USD, SGD or other currencies, which will create additional pressure of Chinese Yuan's weakness.
China doubles down on defense of yuan
http://www.marketwatch.com/story/china-doubles-down-on-defense-of-yuan-2017-01-06
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