"Western banks say they are coming under heavy pressure from
Chinese officials to refrain from negative comments. They are
effectively gagged if they wish to do business in China"
yep, what's amazing to me is that China longs to be the most
important and dominant economic player in the world and to a
certain extent they've achieved a lot of this, but their biggest
problem is things like this: actively manipulating their stock
market, opening saying they are buying it and will lend money to
buy it. I've read that China wants more foreign investment
into it's markets, but when people see things like this, it has the
exactly opposite effect, as it gives the sense that it's all rigged
etc. And of course don't get me all started with how much
they control their internet and worry about anything negative
someone says about their gov over there
On the same subject as Matt talked about investing in the
Chinese mkt ...
" Investors throughout China are waiting for the government to
step in and buy more stocks so they can close out their positions,
but many are losing hope."
"But after sinking his entire life savings $164,000 and his
relatives' money into shares of a local mining company, he lost
everything. Not only that, but Yang's brokerage convinced him to
borrow more than $1 million to buy stocks on margin. He now owes
roughly what he originally invested after liquidating his
portfolio."
The Market dynamics and sentiment will be screwed for awhile
there ...
China....
Posted by mla127 on 28th of Jul 2015 at 10:13 am
"Western banks say they are coming under heavy pressure from Chinese officials to refrain from negative comments. They are effectively gagged if they wish to do business in China"
... I'm shocked ... I'm telling y'a ... SHOCKED :D
http://www.telegraph.co.uk/finance/china-business/11766449/China-losing-control-as-stocks-crash-despite-emergency-measures.html
When do commercial banks ever
Posted by a_l_ on 28th of Jul 2015 at 10:20 am
When do commercial banks ever criticize their lifeblood central banks?
yep, what's amazing to me
Posted by matt on 28th of Jul 2015 at 10:20 am
yep, what's amazing to me is that China longs to be the most important and dominant economic player in the world and to a certain extent they've achieved a lot of this, but their biggest problem is things like this: actively manipulating their stock market, opening saying they are buying it and will lend money to buy it. I've read that China wants more foreign investment into it's markets, but when people see things like this, it has the exactly opposite effect, as it gives the sense that it's all rigged etc. And of course don't get me all started with how much they control their internet and worry about anything negative someone says about their gov over there
China....
Posted by mla127 on 28th of Jul 2015 at 02:08 pm
On the same subject as Matt talked about investing in the Chinese mkt ...
" Investors throughout China are waiting for the government to step in and buy more stocks so they can close out their positions, but many are losing hope."
"But after sinking his entire life savings $164,000 and his relatives' money into shares of a local mining company, he lost everything. Not only that, but Yang's brokerage convinced him to borrow more than $1 million to buy stocks on margin. He now owes roughly what he originally invested after liquidating his portfolio."
The Market dynamics and sentiment will be screwed for awhile there ...
http://www.cnbc.com/2015/07/28/chinese-farmer-invested-life-savings-in-stocks-lost-it-all.html