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  • November 28, 2014
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  1. A shares still fall short of a good buy

    Posted Jul 18th 2005, 12:00am by Mark O'Neill

    ... Mark O'Neill As PE ratios dip, it might be worthwhile switching out of government bonds and yuan bank deposits After the government more than doubled their A share quota to US$10 ... yet'. Much of the QFII money has gone into government bonds and yuan bank deposits, betting on a revaluation, and only a portion into the A-share market. As of the end of March, QFIIs had ...

  2. Watchdog stalls share scheme

    Posted Jul 14th 2003, 12:00am by Mark O'Neill

    ... and bank deposits at a time of record low interest rates. First proposed by the Hong Kong government, it had been widely expected the scheme would begin by allowing mainlanders to invest in Hong ... little impact on the country's foreign exchange regime or A-share markets and allow for more efficient use of China's ballooning foreign currency deposits, he said. Stephen Harner, ...

  3. Pop culture wins star billing as means to broaden economy

    Posted Oct 06th 2005, 12:00am by Mark O'Neill

    ... for about 80 per cent of the 12 trillion yuan in individual bank deposits. 'Whether or not this is acceptable from a moral point of view, the greatest buying power is concentrated ... Mark O'Neill in Shanghai Central bank chief looks to Korean model in injecting life and money into China's cities South Korea can provide a model for China in promoting vibrant ...

  4. Insurers seek wider investment in stocks

    Posted May 08th 2006, 12:00am by Mark O'Neill

    ... and 2.9 per cent in 2004, sources said. Regulations restrict insurers to investing most of their money in bonds and bank deposits- 57 per cent and 37 per cent, respectively, of their investments ...

  5. Gloom unending for Chinese investors

    Posted Dec 24th 2004, 12:00am by Mark O'Neill

    ... realities shunt them towards Hong Kong and abroad. With bank deposits and inward investment at record levels, the unattractiveness of the stock markets has profoundly distorted the economy. ... the commission had approved 27 QFIIs with more than US$3 billion in investment quotas. Some, however, ploughed the money into bonds or bank deposits instead of A shares, citing a paucity of viable ...

  6. Once despised, yuan comes into neighbours' embrace

    Posted Jan 10th 2005, 12:00am by Mark O'Neill

    ... yuan deposits exceeding 10 billion yuan. Internationisation has accelerated in the past 12 months. In January last year, the People's Bank of China (PBOC) allowed the issue of yuan credit cards in Hong Kong. In February, it permitted banks in Hong Kong to take yuan deposits and in September, it allowed the use of the cards in Macau. A consensus among companies and individuals ...

  7. Foreigners getting in line for A shares

    Posted May 16th 2005, 12:00am by Mark O'Neill

    ... market. According to the latest figures, only about 50 per cent of the QFII money has gone into stocks, funds and bonds, with the rest in cash and bank deposits, fuelling official suspicions ... US$1 billion in cash deposits. Regulators, while still pleased overall with the foreign presence in the market, are voicing their displeasure over the supposed fixation on a yuan appreciation. ...

  8. New gold rush hits mainland

    Posted Dec 15th 2004, 12:00am by Mark O'Neill

    ... in simple bank deposits. This year thousands have reduced or closed their US dollar savings accounts in favour of yuan-denominated accounts because they expect a revaluation of their currency. ... individuals can trade gold through state-owned banks. Bank of China and other financial institutions offer investment schemes that allow individuals to trade the metal over the phone and the internet. ...

  9. China in danger of catching serious dose of Japanese bubble flu

    Posted Nov 03rd 2005, 12:00am by Mark O'Neill

    ... is the low level of interest rates. A one-year bank deposit in China pays 2.25 per cent and money market rates are a little over 1 per cent. The nightmare scenario for China is that investment growth ... and prefer to put their cash in the bank. The trade surplus this year will hit a record US$100 billion. United States figures show its trade deficit with China reached US$186.3 billion in the 12 ...

  10. Bursting coffers force forex debate

    Posted May 09th 2006, 12:00am by Mark O'Neill

    ... the central bank has followed global practice, investing the money in bonds and bank deposits, with more than 60 per cent in US dollars, 20 per cent in euros and 10 per cent in yen. Its belief ... for the public. After more than 50 years of centralised control over foreign currency, how much should the government give back to the people, firms and institutions? The People's Bank of China said ...




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