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  • August 29, 2014
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  1. Comment - Insight & Opinion - JAKE'S VIEW

    Why HK needs to be cautious about deposit guarantee

    Posted Aug 04th 2014, 03:14pm by Jake Van Der Kamp

    ... in October 2008, the beginning of a period of record strength for the currency's exchange rate. Some harbinger of crisis that. There were plenty of bargain hunters about and confidence would ... Jake van der Kamp When a government backs liabilities but gives crooks free rein over assets, it invites a crisis Depositors must be wary of Norman's guarantees At the onset ...

    http://www.scmp.com/comment/insight-opinion/article/1566181/why-hk-needs-be-cautious-about-deposit-guarantee
  2. Comment - Insight & Opinion - JAKE'S VIEW

    China's currency swap deal with Switzerland is just plain dumb

    Posted Jul 27th 2014, 04:01am by Jake Van Der Kamp

    ... Jake van der Kamp China's currency swap deal with Swiss is just plain dumb Switzerland stepped closer to becoming an offshore yuan hub yesterday after it signed a bilateral currency ... came to US$182.2 billion. And now here is the problem. What can you do with US$182 billion in China? The country's currency is the yuan. You may buy a few things with US dollars, ...

    http://www.scmp.com/comment/insight-opinion/article/1559951/chinas-currency-swap-deal-switzerland-just-plain-dumb
  3. Business - Banking & Finance - JAKE'S VIEW

    Easy way out for foreign inflows comes with a price in China

    Posted Aug 07th 2014, 05:46am by Jake Van Der Kamp

    ... here is that in order to rig the exchange rate of the yuan at officially designated levels, the PBOC has been forced to mop up vast foreign-currency inflows from trade receipts and foreign investment. It was either this or two other choices: (1) let the US dollar circulate widely within the country as an everyday currency of transaction or (2) let the yuan exchange rate find its own ...

    http://www.scmp.com/business/banking-finance/article/1567901/easy-way-out-foreign-inflows-comes-price-china
  4. Business - Comment - JAKE'S VIEW

    Hong Kong government's reserves are not big enough to fight 'financial predators'

    Posted Jul 31st 2014, 01:01am by Jake Van Der Kamp

    ... But let's go back to that 1998 stock market gambit orchestrated by the then-financial secretary Donald Tsang Yam-kuen. We were a year into a general Asian financial crisis at the time, the peg ... crisis and he turned a big profit in the recovery. But he never tried anything of the kind again. He had seen what big money can do and it scared him. Norman, the Bank for International ...

    http://www.scmp.com/business/article/1563045/hong-kong-governments-reserves-are-not-big-enough-fight-financial-predators
  5. Business - Comment - JAKE'S VIEW

    Hong Kong goes with the flow and reaps the rewards of capital movements

    Posted Jul 29th 2014, 01:04am by Jake Van Der Kamp

    ... Jake van der Kamp Head scratching in HKMA can make way for reality of mainland-bound capital movements How HK goes with the flow and reaps the rewards Hong Kong must stay alert to the possibility of large capital outflows even as its currency has had unusual strength recently due to inflows for acquisitions, share dividends and related transactions, an official of the Hong Kong ...

    http://www.scmp.com/business/article/1561436/hong-kong-goes-flow-and-reaps-rewards-capital-movements
  6. Business - Comment - JAKE'S VIEW

    Global yuan meets down-to-earth reality

    Posted May 08th 2014, 12:51am by Jake Van Der Kamp

    ... Jake van der Kamp Junk the hype and behold a rigged currency tied to a weak financial sector and a dysfunctional stock market that all spells funny money Global yuan meets down-to-earth reality March of the yuan as global currency has passed the point of no return SCMP headline Insight page, May 7 Two days earlier it was the same message with the same placement on the Insight ...

    http://www.scmp.com/business/article/1506937/global-yuan-meets-down-earth-reality
  7. Business - Comment - JAKE'S VIEW

    Rise in interest rates is something to welcome, not worry about

    Posted Jul 01st 2014, 04:05am by Jake Van Der Kamp

    ... by raising rates would produce a storm of protest to blow every Fed governor off his seat and right out the door. Quantitative easing is thus here to stay until the next financial crisis it produces ...

    http://www.scmp.com/business/article/1543904/rise-interest-rates-something-welcome-not-worry-about
  8. Business - Banking & Finance - JAKE'S VIEW

    Swift too quick to hail yuan as a major currency in trade finance

    Posted Dec 05th 2013, 06:00am by Jake Van Der Kamp

    ... to conclusion on yuan's usage The yuan has surpassed the euro to become the second most commonly used currency in global trade finance, after the US dollar. Yuan usage in trade finance grew to 8.66 ... another bar chart showing a ranking of currencies by value of worldwide payments. In this one, the yuan was No 12 with only a 0.84 per cent worldwide share, slightly behind the Thai baht ...

    http://www.scmp.com/business/banking-finance/article/1373177/swift-too-quick-hail-yuan-major-currency-trade-finance
  9. Business - Economy - JAKE'S VIEW

    Permanent stimulus is putting China's economic health at risk

    Posted Jun 17th 2014, 04:41am by Jake Van Der Kamp

    ... it will be made through bond issues to which banks will be pressured to subscribe. Command economies generally undermine themselves and vanish through financial crisis if they don't first do so ...

    http://www.scmp.com/business/economy/article/1534348/permanent-stimulus-putting-chinas-economic-health-risk
  10. Comment - Insight & Opinion - JAKE'S VIEW

    HK Electric may be right about idea of importing power from mainland China

    Posted Jun 08th 2014, 05:30am by Jake Van Der Kamp

    ... that government must have direct input in key industries and, secondly, that sales to Hong Kong would be paid for in hard currency rather than funny money. I think HK Electric has the right ...

    http://www.scmp.com/comment/insight-opinion/article/1527546/hk-electric-may-be-right-about-idea-importing-power-mainland

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