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Substantial DBS and OCBC exposure in HK and China
- Thread starter Byebye Penis
- Start date
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
https://www.bloomberg.com/opinion/a...-li-ka-shing-tests-a-stressed-property-market
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
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
https://www.marketwatch.com/story/c...scue-plan-says-clocktower-strategist-3fb637c0
Why is China not rushing to fix its ailing economy?
August 17, 20236:19 PMhttps://www.reuters.com/world/china/why-is-china-not-rushing-fix-its-ailing-economy-2023-08-17/
Investors Fear a Financial Contagion in China
https://www.wsj.com/finance/investi...an-moment-is-looming-4364855d?mod=djem10point
https://www.wsj.com/finance/investi...an-moment-is-looming-4364855d?mod=djem10point
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
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
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
Estimated 50 million vacant apartments in China
https://www.scmp.com/business/china...n-empty-flats-threaten-plunge-chinas-troubled
https://www.scmp.com/business/china...n-empty-flats-threaten-plunge-chinas-troubled
OCBC's total deposits has been dropping since Aug. why so? is it china money launderers run road?
SOS is sorry to inform you that Watson was sold to Temasek many years ago.
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