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What Clampdown? China Margin Traders Boost Debt to Record
"After a two-day decline spurred by regulatory efforts on Jan. 16 to curb margin lending by some of China’s biggest brokerages, the value of shares purchased with borrowed cash has rebounded to an all-time high. The outstanding balance of margin debt on the Shanghai Stock Exchange climbed to a record 771.4 billion yuan ($123 billion) yesterday, up from about 751 billion yuan on Jan. 20. "
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human greed knows no bounds...
Their GDP growth is slowing, their property market is dropping and further asset appreciation in stocks has been capped.
In the near future, their population growth has become stagnant and soon an aging population with health problems from things like smoking and pollution which were not well controlled are going to start taxing their hospitals and health budget.
But the main risk are the property and now the stock market asset bubbles which have to pop or deflate at some stage.
"After a two-day decline spurred by regulatory efforts on Jan. 16 to curb margin lending by some of China’s biggest brokerages, the value of shares purchased with borrowed cash has rebounded to an all-time high. The outstanding balance of margin debt on the Shanghai Stock Exchange climbed to a record 771.4 billion yuan ($123 billion) yesterday, up from about 751 billion yuan on Jan. 20. "
============================================
human greed knows no bounds...
Their GDP growth is slowing, their property market is dropping and further asset appreciation in stocks has been capped.
In the near future, their population growth has become stagnant and soon an aging population with health problems from things like smoking and pollution which were not well controlled are going to start taxing their hospitals and health budget.
But the main risk are the property and now the stock market asset bubbles which have to pop or deflate at some stage.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
http://thebluefund.blogspot.com