It seems the small bounce in trade data previously was likely largely due to post CNY restocking. Looks like the long term downtrend still persists. Dead cat bounce.
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China Weighs Down Emerging Stocks as Won Sinks to Six-Week Low
Emerging-market stocks traded near a seven-week low as Chinese equities slumped on disappointing trade data, and as the prospect of higher U.S. interest rates sapped demand for riskier assets.
China’s shares headed for their biggest two-day loss in 10 weeks as data over the weekend showed the nation’s exports shrank in dollar terms in April and imports dropped for the 18th month. Industrial and raw material stocks had the steepest declines in MSCI’s gauge of developing-nation equities as metal prices fell. South Korea’s won and Indonesia’s rupiah weakened the most among emerging currencies as local markets opened after holidays and traders reacted to a stronger dollar amid the prospect of higher U.S. interest rates.
World’s most extreme speculative mania is unravelling in China
BEIJING/SHANGHAI — From the Dutch tulip craze of 1637 to America’s dot-com bubble at the turn of the century, history is littered with speculative frenzies that ended badly for investors.
But rarely has a mania escalated so rapidly, and spurred such fevered trading, as the great China commodities boom of 2016. Over the span of just two wild months, daily turnover on the nation’s futures markets has jumped by the equivalent of US$183 billion (S$251 billion), outpacing the headiest days of last year’s Chinese stock bubble and making volumes on the Nasdaq exchange in 2000 look tame.
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http://www.todayonline.com/chinaindia/ch...ling-china
(10-05-2016, 09:26 AM)CityFarmer Wrote: [ -> ]World’s most extreme speculative mania is unravelling in China
BEIJING/SHANGHAI — From the Dutch tulip craze of 1637 to America’s dot-com bubble at the turn of the century, history is littered with speculative frenzies that ended badly for investors.
But rarely has a mania escalated so rapidly, and spurred such fevered trading, as the great China commodities boom of 2016. Over the span of just two wild months, daily turnover on the nation’s futures markets has jumped by the equivalent of US$183 billion (S$251 billion), outpacing the headiest days of last year’s Chinese stock bubble and making volumes on the Nasdaq exchange in 2000 look tame.
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http://www.todayonline.com/chinaindia/ch...ling-china
wonder what will be their next bubble? Back to property again?
The Chinese gov really need to regulate their financial system properly. Its really a joke that they allow futures trading accounts with margin to be opened without any sort of deposit or security which allow this sort of bubble to form.
China goes to Britain, instead of Singapore on the advice. It seems Singapore regulator, isn't as "reliable" as Singapore gov, as adviser...
China asks Britain for advice on creating financial super-regulator
China has asked Britain for advice on plans to create a financial super-regulator, as it looks to improve financial oversight following last year's stock market crash, sources with knowledge of the talks told Reuters.
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http://www.reuters.com/article/us-china-...SKCN0Y6003
No offence but looking at how the penny crisis in 2013, the S-chips problem, Chian Gaoxian being able to mask 1 billion of PPE in its China Operations and probably the on coming ISR capital/Attilan saga....
If I were China, Singapore regulators might not be my top choice
IMHO UK banking is not that transparent and well regulated. Remember the Barings bank fiasco? and recently the LIBOR scandal.
Going to UK rather than SG is probably more politically motivated and also for "face" as UK is globally more prominent than singapore, they are after all one of the SUPERPOWERs.
If i am not mistaken, UK was the first G7 (and maybe still the only) country allowed to trade the Yuan starting in 2013, joining HK and Taiwan. They also renewed a currency swap deal for 350billion worth of RMB last year. London will also be the only foreign city which China can issue RMB note from. Also seems like there was some talk of stock connect of London and Shanghai equity markets.
So if China is thinking of expansion into the european and western financial market, they will be going through UK as first port of call in the future.
(16-05-2016, 11:14 AM)CY09 Wrote: [ -> ]No offence but looking at how the penny crisis in 2013, the S-chips problem, Chian Gaoxian being able to mask 1 billion of PPE in its China Operations and probably the on coming ISR capital/Attilan saga....
If I were China, Singapore regulators might not be my top choice
Interestingly, China authority has skipped HK regulator, as well. Japan regulator is out, for sure, thus need to look far away from Asia
The corporate bond has delayed the market consolidation, on the expense of high-yield bond holders...
China shipbuilder Evergreen defaults on bond amid cash shortage
SHANGHAI (May 17): A Chinese shipbuilder defaulted on bonds, becoming at least the 10th company to miss local debt payments in the world’s third-biggest note market this year.
Evergreen Holding Group Co said it can’t make full payment due Monday on a one-year notes because of a cash flow shortage, according to a statement on Shanghai Clearing House’s website. The company, based in the eastern province of Zhejiang, sold the 400 million yuan ($83.9 million) of bonds with a coupon rate of 7.95% in May 2015.
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http://www.theedgemarkets.com/sg/article...h-shortage
With luck, the rest of us outside China will have three or four more months to order our own affairs before the storm gathers. Whether it is bumpy landing, a hard landing, or a crash landing, depends on who the "authoritative person" in Beijing turn out to be.
China's Communist Party goes way of Qing Dynasty as debt hits limit
http://www.telegraph.co.uk/business/2016...-hits-lim/