Substantial DBS and OCBC exposure in HK and China

[Chase]

 

[Chase]

Li Ka Shing marked down the price of some of its properties in Hong Kong by 30 percent
https://www.bloomberg.com/opinion/a...-li-ka-shing-tests-a-stressed-property-market

 

[Chase]

The missed payments show “how the real estate’s liquidity problem can create a domino effect on other sectors, including the trust industry,” said Gary Ng, senior economist at Natixis. www.straitstimes.com/business/china-shadow-banking-giant-alarms-investors-with-missed-payments

 

[Chase]

China may need to absorb some US$1 trillion in soured real-estate assets from the private sector, in a move similar to the Federal Reserve’s takeover of toxic mortgage and related derivatives off banks’ balance sheets in the wake of the 2007-2008 global financial crisis.

https://www.marketwatch.com/story/c...scue-plan-says-clocktower-strategist-3fb637c0

 

[Chase]

Why is China not rushing to fix its ailing economy?​

August 17, 20236:19 PM

https://www.reuters.com/world/china/why-is-china-not-rushing-fix-its-ailing-economy-2023-08-17/

 

[Chase]

Investors Fear a Financial Contagion in China
https://www.wsj.com/finance/investi...an-moment-is-looming-4364855d?mod=djem10point

 

[syed putra]

China is the current free market unlike the US.

 

[Chase]

 

[laksaboy]

Betting on the wrong horse again, eh?

 

[Chase]

China is the current free market unlike the US.

“Markets are being hit by the perfect storm,” analysts at Barclays wrote in a report on Friday, citing rising interest rates, grim economic data in China and other factors.

https://www.nytimes.com/2023/08/18/business/hong-kong-stocks-bear-market.html

 

[Chase]

HK's Henderson Land lelong office project at 55% discount

https://hk.sports.yahoo.com/news/李嘉誠7折賣屋起反應-恆基地產降價55-參戰-223000324.html
https://www.nownews.com/news/6238006
https://hk.on.cc/hk/bkn/cnt/finance/20230822/bkn-20230822201939314-0822_00842_001.html

 

[Chase]

Estimated 50 million vacant apartments in China
https://www.scmp.com/business/china...n-empty-flats-threaten-plunge-chinas-troubled

 

[Chase]

OCBC's total deposits has been dropping since Aug. why so? is it china money launderers run road?

 

[Chase]

 

[syed putra]

CCP have been trying to revive domestic consumer demand for several years now. No need for export.

 

[Chase]

CCP have been trying to revive domestic consumer demand for several years now. No need for export.

Europe buying less. Americans still buying

 

[syed putra]

Europe buying less. Americans still buying

US gomen still dumping money into economy. In just several months, its debt increased by a trillion.. Or something like that.

 

[syed putra]

Li Ka Shing marked down the price of some of its properties in Hong Kong by 30 percent
https://www.bloomberg.com/opinion/a...-li-ka-shing-tests-a-stressed-property-market

Hope he go bust! He has been leaching people in Hong Kong for decades. From telecoms to electricity ( I think) to pharmacy. His Watson chain can threaten manufacturers not to supply products to smaller rivals .

 

[Chase]

Hope he go bust! He has been leaching people in Hong Kong for decades. From telecoms to electricity ( I think) to pharmacy. His Watson chain can threaten manufacturers not to supply products to smaller rivals .

SOS is sorry to inform you that Watson was sold to Temasek many years ago.

 

[syed putra]

SOS is sorry to inform you that Watson was sold to Temasek many years ago.

So it was temasek that behaved like gangsters.