Showing posts with label Hong Kong. Show all posts
Showing posts with label Hong Kong. Show all posts
Monday, September 10, 2012
Media speculate Xi injured in accident
There were a series of media reports saying that Chinese Vice President and presumptive future top leader Xi Jinping was injured in a traffic accident, barring him from some public functions.
Xi and He Guoqiang, who supervises discipline affairs in China, have been receiving medical treatments at Beijing's 301 Military Hospital after they were injured in two separate road accidents on the evening of Sept. 4, according to reports of Boxun, a U.S.-based citizen news website.
There were also reports in Hong Kong media about the accidents, sparking speculation and rumors that they were assassination attempts.
Xi, aged 59 and a new-generation leader in China, has been widely tipped to take over the top Communist post from General Secretary Hu Jintao at the Communist Party Congress expected to take place in October this year. Xi is also expected to take over national presidency in next March.
But there were rife rumors after Xi canceled a public appearance for a meeting with visiting U.S. Secretary of State Hillary Clinton on Sept. 5.
There were also unconfirmed reports that Xi was suffering from a
Tuesday, September 4, 2012
Hunger strikes in Hong Kong over new Chinese 'patriotism' classes
Hunger strikes and mass protests have greeted the beginning of the school year in Hong Kong over plans by Beijing to introduce classes which critics say will “brainwash” children with the Chinese Communist party’s version of history.
Yesterday saw the sixth straight day of protests against the new “moral and national education” classes. By last night, eight hunger strikers had fasted for a third day outside the Hong Kong legislative council offices, while several more had dropped out because of dangerously low blood sugar levels.
New hunger strikers have been joining in relays, and Lam Man-wa, a spokesman, said the fast would continue “indefinitely”. She added that each striker “will last for as long as they can with the doctor’s approval”. The protests are now threatening to overshadow elections to the Legislative Council on Sunday.
Sunday, October 24, 2010
Property Bubble in Hong Kong? Blame the Fed
http://www.cnbc.com/id/39818254
Hey recognize this cycle?
It's China's turn now.
The Hong Kong property market has seen a spectacular rebound since the global financial crisis. Real estate prices in the territory have risen 50 percent since the end of 2008: 30 percent in 2009 and 15 percent this year, compounded.
But many are warning that the increase is unsustainable. HSBC's CEO for the Asia Pacific region, Peter Wong, cautioned in early August that Hong Kong could soon be facing a property bubble. Mark Matthews, an equity strategist at Macquarie, says the bubble is already here.
"If you had $3 million, would you buy one condominium on Conduit Road, Hong Kong, or five (properties) in Miami?" Matthews noted, drawing comparisons between the sizzling market in the territory and the plummeting property prices in the South Florida city.
High-end property prices in Hong Kong have hit new highs and homes are now going for an average an $1,600 per square foot. Prices for Miami properties, on the other hand, have halved over the past three years to just $320 per square foot.
Hey recognize this cycle?
It's China's turn now.
The Hong Kong property market has seen a spectacular rebound since the global financial crisis. Real estate prices in the territory have risen 50 percent since the end of 2008: 30 percent in 2009 and 15 percent this year, compounded.
But many are warning that the increase is unsustainable. HSBC's CEO for the Asia Pacific region, Peter Wong, cautioned in early August that Hong Kong could soon be facing a property bubble. Mark Matthews, an equity strategist at Macquarie, says the bubble is already here.
"If you had $3 million, would you buy one condominium on Conduit Road, Hong Kong, or five (properties) in Miami?" Matthews noted, drawing comparisons between the sizzling market in the territory and the plummeting property prices in the South Florida city.
High-end property prices in Hong Kong have hit new highs and homes are now going for an average an $1,600 per square foot. Prices for Miami properties, on the other hand, have halved over the past three years to just $320 per square foot.
Thursday, April 15, 2010
China trims holdings of US Treasurys by 1.3 pct.
http://finance.yahoo.com/news/China-trims-holdings-of-US-apf-2137019335.html?x=0&sec=topStories&pos=7&asset=&ccode=
So did they or didn't they? Only time will tell.
This kind of spin will make you dizzy.
China trimmed its holdings of U.S. Treasury debt 1.3 percent in February, the fourth consecutive decline. Those reductions are raising concerns that the U.S. government could face higher interest rates to finance its soaring budget deficits.
The Treasury Department said Thursday that China's holdings dropped $11.5 billion to $877.5 billion. That still left China as the largest foreign holder of U.S. Treasury debt. Japan retained the No. 2 spot with $768.5 billion, a drop of 0.4 percent from the January level.
Net foreign purchases of long-term securities, a category that includes both government and corporate debt, totaled $47.1 billion in February. That compared with an increase of $15 billion in January.
By contrast to the declines in holdings of Treasury securities by China and Japan, holdings by Britain jumped 12.2 percent to $321.7 billion. Hong Kong also recorded a large increase of 4 percent to $152.4 billion.
Treasury analysts said that one explanation for the changes may be that Chinese investors are buying their securities through Britain and Hong Kong. Once a year, the government does an adjustment of the data to sort out ownership of the securities by nationality rather than the country where the purchases were made.
The latest adjustment released in February showed that China had retained its top ranking as the largest foreign holder of U.S. Treasury securities. The adjustment revised data released just 10 days earlier which showed China had cut its holdings so sharply that it had dropped from the No. 1 spot.
So did they or didn't they? Only time will tell.
This kind of spin will make you dizzy.
China trimmed its holdings of U.S. Treasury debt 1.3 percent in February, the fourth consecutive decline. Those reductions are raising concerns that the U.S. government could face higher interest rates to finance its soaring budget deficits.
The Treasury Department said Thursday that China's holdings dropped $11.5 billion to $877.5 billion. That still left China as the largest foreign holder of U.S. Treasury debt. Japan retained the No. 2 spot with $768.5 billion, a drop of 0.4 percent from the January level.
Net foreign purchases of long-term securities, a category that includes both government and corporate debt, totaled $47.1 billion in February. That compared with an increase of $15 billion in January.
By contrast to the declines in holdings of Treasury securities by China and Japan, holdings by Britain jumped 12.2 percent to $321.7 billion. Hong Kong also recorded a large increase of 4 percent to $152.4 billion.
Treasury analysts said that one explanation for the changes may be that Chinese investors are buying their securities through Britain and Hong Kong. Once a year, the government does an adjustment of the data to sort out ownership of the securities by nationality rather than the country where the purchases were made.
The latest adjustment released in February showed that China had retained its top ranking as the largest foreign holder of U.S. Treasury securities. The adjustment revised data released just 10 days earlier which showed China had cut its holdings so sharply that it had dropped from the No. 1 spot.
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