#Newspaper
Doomsday Doctor left Communication Bank due to regime's silencing
LAW Ka Chung: Can't even discuss capital flight
(15 Nov) "Doomsday Doctor of Hong Kong" LAW Ka Chung suddenly left China's Bank of Communications (Hong Kong) which he served for over 14 years. He didn't want to discuss his reasons for leaving. However, as a fellow worker at Central, I couldn't help but feel lost about the changes in social environment that keep on eroding the core values of our financial centre. He feels that a lot of sensitive economic data cannot be disclosed any more. "It used to be the case that, as long as you didn't talk about the yellow-ribbon issues or Hong Kong independence, you were allowed to say anything you want. Now many people can't or don't dare to even talk about things like capital flight.
Continue reading: https://telegra.ph/Doomsday-Doctor-left-Communication-Bank-due-to-regimes-silencing-11-18
#StockMarket #Economic #ChinaApproved #FreeSpeech
Doomsday Doctor left Communication Bank due to regime's silencing
LAW Ka Chung: Can't even discuss capital flight
(15 Nov) "Doomsday Doctor of Hong Kong" LAW Ka Chung suddenly left China's Bank of Communications (Hong Kong) which he served for over 14 years. He didn't want to discuss his reasons for leaving. However, as a fellow worker at Central, I couldn't help but feel lost about the changes in social environment that keep on eroding the core values of our financial centre. He feels that a lot of sensitive economic data cannot be disclosed any more. "It used to be the case that, as long as you didn't talk about the yellow-ribbon issues or Hong Kong independence, you were allowed to say anything you want. Now many people can't or don't dare to even talk about things like capital flight.
Continue reading: https://telegra.ph/Doomsday-Doctor-left-Communication-Bank-due-to-regimes-silencing-11-18
#StockMarket #Economic #ChinaApproved #FreeSpeech
Telegraph
Doomsday Doctor left Communication Bank due to regime's silencing
LAW Ka Chung: Can't even discuss capital flight (15 Nov) "Doomsday Doctor of Hong Kong" LAW Ka Chung suddenly left China's Bank of Communications (Hong Kong) which he served for over 14 years. He didn't want to discuss his reasons for leaving. However,ā¦
#StockMarket
Asian markets plummet: Shenzhen and Shanghai Composite Indexes Fell 3%
//Stock markets in Asia turned into a sea of red on Monday, 9 March, as Tokyo index ending below the 20,000 level and Shanghai losing over 3 percent over fears over the new coronavirus, while a plunge in oil prices battered energy firms.
Hong Kong stocks tanked over 4 percent as it headed towards close.
The benchmark Shanghai Composite Index sank slightly over 3 percent, to 2,943 while the Shenzhen Composite Index fell 3.8 percent, to 1,842...
"It was like panic selling," said Shinichi Yamamoto, a broker at Okasan Securities in Tokyo...
Bank of Japan governor Haruhiko Kuroda told parliament: "Investor sentiment is deteriorating as uncertainty widens due to the spread of infections of the new coronavirus."
Australian stocks plunged more than seven percent. The benchmark ASX 200 dropped 7.3 percent, to close at 5,760.//
Source: AFP; RTHK #Mar9
Asian markets plummet: Shenzhen and Shanghai Composite Indexes Fell 3%
//Stock markets in Asia turned into a sea of red on Monday, 9 March, as Tokyo index ending below the 20,000 level and Shanghai losing over 3 percent over fears over the new coronavirus, while a plunge in oil prices battered energy firms.
Hong Kong stocks tanked over 4 percent as it headed towards close.
The benchmark Shanghai Composite Index sank slightly over 3 percent, to 2,943 while the Shenzhen Composite Index fell 3.8 percent, to 1,842...
"It was like panic selling," said Shinichi Yamamoto, a broker at Okasan Securities in Tokyo...
Bank of Japan governor Haruhiko Kuroda told parliament: "Investor sentiment is deteriorating as uncertainty widens due to the spread of infections of the new coronavirus."
Australian stocks plunged more than seven percent. The benchmark ASX 200 dropped 7.3 percent, to close at 5,760.//
Source: AFP; RTHK #Mar9
#NetizensVoice
The US should wake up to the threat
(13 Mar) Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (āWHOā), has been playing down the severity of the virus outbreak in China for the sake of buying time for it to grapple with the outbreak while cheating other countries. However, while the corona virus just started to engulf Europe and the US, Tedros promptly declared such outbreak a pandemic.
It is undeniable that declaring the outbreak a pandemic in the midst of disastrous drop of oil price is not merely meaningless. It seems there is hidden agenda in overwhelming the USA and its stock market with negative information. Oil price has long been the tug of war between Russia and Arab states. Although Vladimir Putin, the Prime Minister of Russia, has agreed to cooperate and reduce their oil production. However, the Russian Energy Secretary left the Global Energy Conference directly held in Vienna in a haphazard manner. Donald Trump has acted in a seemingly reckless manner and blocked air traffic with Europe. While the liquidity crisis is imminent, the impact of the drop of half percentage and the capital injection of $1.5 trillion is paltry and cannot achieve the expected result.
Flirting with conspiracy theories is not my cup of tea, however, something fishy is looming. Thereās never a lack of traders in the Wall Street who bet on the Chinese concepts and US-listed Chinese companies. The traders can collaborate on short-selling them. The stock market crisis in 2015 was seen by ZhongNanHai, the central strategic region of China, as a financial coup triggered by their opponents. It resulted in the arrest of several Citi Groupās top management staff and quite a few other fund managers were called upon for explanation. Irrational short-selling is not unprecedented and we can take the FuBong VIX ETF event as reference, buyers had to chip in in spite of the 30% premium in the stock price.
Let me be candid in saying that the current US government is acting like the Democratic Progressive Party (DPP) government in 24 Nov 2018, driven aghast and having no idea of what is going on. The consequences would be detrimental if the US government still couldnāt figure out it is not simply a virus outbreak. Be reminded that the reason why Taiwan can contain the crisis ā Donāt listen to and follow what PRC government instruct. Taiwan people have been deceived so many times in the past.
Source: Facebook
https://bit.ly/2U8gisD
#WHO #CCP #Taiwan #Pandemic #Oils #Coronavirus #StockMarket
The US should wake up to the threat
(13 Mar) Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization (āWHOā), has been playing down the severity of the virus outbreak in China for the sake of buying time for it to grapple with the outbreak while cheating other countries. However, while the corona virus just started to engulf Europe and the US, Tedros promptly declared such outbreak a pandemic.
It is undeniable that declaring the outbreak a pandemic in the midst of disastrous drop of oil price is not merely meaningless. It seems there is hidden agenda in overwhelming the USA and its stock market with negative information. Oil price has long been the tug of war between Russia and Arab states. Although Vladimir Putin, the Prime Minister of Russia, has agreed to cooperate and reduce their oil production. However, the Russian Energy Secretary left the Global Energy Conference directly held in Vienna in a haphazard manner. Donald Trump has acted in a seemingly reckless manner and blocked air traffic with Europe. While the liquidity crisis is imminent, the impact of the drop of half percentage and the capital injection of $1.5 trillion is paltry and cannot achieve the expected result.
Flirting with conspiracy theories is not my cup of tea, however, something fishy is looming. Thereās never a lack of traders in the Wall Street who bet on the Chinese concepts and US-listed Chinese companies. The traders can collaborate on short-selling them. The stock market crisis in 2015 was seen by ZhongNanHai, the central strategic region of China, as a financial coup triggered by their opponents. It resulted in the arrest of several Citi Groupās top management staff and quite a few other fund managers were called upon for explanation. Irrational short-selling is not unprecedented and we can take the FuBong VIX ETF event as reference, buyers had to chip in in spite of the 30% premium in the stock price.
Let me be candid in saying that the current US government is acting like the Democratic Progressive Party (DPP) government in 24 Nov 2018, driven aghast and having no idea of what is going on. The consequences would be detrimental if the US government still couldnāt figure out it is not simply a virus outbreak. Be reminded that the reason why Taiwan can contain the crisis ā Donāt listen to and follow what PRC government instruct. Taiwan people have been deceived so many times in the past.
Source: Facebook
https://bit.ly/2U8gisD
#WHO #CCP #Taiwan #Pandemic #Oils #Coronavirus #StockMarket
#Interview #MuddyDirtyWater
Financial writer Muddy Dirty Water: Money for blood, Hong Kong dried up. Now it's "keep the island, not the people"
Now that the national security law is passed, the stock market is actually thriving?
(11 Jul) After the enactment of the national security law, Hong Kong's stock market stayed bullish. Government officials presented this as proof that the "Hong Kong doomsday theory" was untrue. As an investor, what does Muddy Dirty Water [pen name] think? Why has the economy not been affected at all?
//the implications of 'keep the island, not the people' are getting stronger
//It's common knowledge that China's economic indicators aren't trustworthy.
//'street-stall economy'... actually means opening up the black market and sex industry again so that they become a part of the GDP. It's apparent that the situation isn't great.
//Hong Kong actually is a platform for Chinese capital
//The accountants' firms will also suffer because they're stuck between their clients and the Securities and Futures Commission... exposing falsified figures from private enterprises would become a violation of the national security law.
//how does China control private enterprises? It's through inserting the Party's provisions into the company's article of association (AoA).
//The renminbi is not internationally convertible... China's easiest way to get US dollars is from Hong Kong. This is Hong Kong's use for China.
//It's just like in 1997 when the British capital withdrew and Hong Kong capital stepped onto the plate. It's like the Second Handover: Hong Kong capital is now leaving and China's is coming up.
//With these sweeping policies, even if you didn't retreat, your money would run dry.
Full translation:
https://telegra.ph/Financial-writer-Muddy-Dirty-Water-Money-for-blood-Hong-Kong-dried-up-Now-its-keep-the-island-not-the-people-07-29
Source: Stand News
Translated by: Hong Kong Echo
Further reading:
HSBC takes to WeChat social network to deny āframingā Huawei in US investigations as it comes under attack in Chinese media
https://www.scmp.com/business/banking-finance/article/3094702/hsbc-takes-chinas-social-media-defend-its-collaboration-us
#NationalSecurityLaw #StockMarket #SecondHandOver #Capital #Finance #USDollars #ChineseCompanies
Financial writer Muddy Dirty Water: Money for blood, Hong Kong dried up. Now it's "keep the island, not the people"
Now that the national security law is passed, the stock market is actually thriving?
(11 Jul) After the enactment of the national security law, Hong Kong's stock market stayed bullish. Government officials presented this as proof that the "Hong Kong doomsday theory" was untrue. As an investor, what does Muddy Dirty Water [pen name] think? Why has the economy not been affected at all?
//the implications of 'keep the island, not the people' are getting stronger
//It's common knowledge that China's economic indicators aren't trustworthy.
//'street-stall economy'... actually means opening up the black market and sex industry again so that they become a part of the GDP. It's apparent that the situation isn't great.
//Hong Kong actually is a platform for Chinese capital
//The accountants' firms will also suffer because they're stuck between their clients and the Securities and Futures Commission... exposing falsified figures from private enterprises would become a violation of the national security law.
//how does China control private enterprises? It's through inserting the Party's provisions into the company's article of association (AoA).
//The renminbi is not internationally convertible... China's easiest way to get US dollars is from Hong Kong. This is Hong Kong's use for China.
//It's just like in 1997 when the British capital withdrew and Hong Kong capital stepped onto the plate. It's like the Second Handover: Hong Kong capital is now leaving and China's is coming up.
//With these sweeping policies, even if you didn't retreat, your money would run dry.
Full translation:
https://telegra.ph/Financial-writer-Muddy-Dirty-Water-Money-for-blood-Hong-Kong-dried-up-Now-its-keep-the-island-not-the-people-07-29
Source: Stand News
Translated by: Hong Kong Echo
Further reading:
HSBC takes to WeChat social network to deny āframingā Huawei in US investigations as it comes under attack in Chinese media
https://www.scmp.com/business/banking-finance/article/3094702/hsbc-takes-chinas-social-media-defend-its-collaboration-us
#NationalSecurityLaw #StockMarket #SecondHandOver #Capital #Finance #USDollars #ChineseCompanies
Telegraph
Financial writer Muddy Dirty Water: Money for blood, Hong Kong dried up. Now it's "keep the island, not the people"
#Exclusive #Interview #MuddyDirtyWater Financial writer Muddy Dirty Water: Money for blood, Hong Kong dried up. Now it's "keep the island, not the people" Now that the national security law is passed, the stock market is actually thriving? (11 Jul) Afterā¦
Good heavens. it's not even a linear growth anymore.
When news of the Next Digital raid broke out, Hongkongers' first reaction all across the city is to purchase today's issue of Apple Daily. And if that isn't enough, they said, "We'll buy tomorrow's too, even if it's just blank paper."
Next Digital's stock plummeted by 15% when the market opened, but the market soon brought them up, seemingly without hesitation. By now, its price has already surged past the opening level, and is still climbing like crazy.
1:28pm 44.44%
1:31pm 68.89%
1:35pm 87.78%
2:00pm 108.89%
2:08pm 156.67%
2:10pm 222.22%
2:12pm 338.22%
Source: Coco Shen's Facebook
#Aug10 #WhiteTerror #NationalSecurityLaw #FreedomOfPress #PoliticalOppression
#StockMarket #NextMedia #AppleDaily
When news of the Next Digital raid broke out, Hongkongers' first reaction all across the city is to purchase today's issue of Apple Daily. And if that isn't enough, they said, "We'll buy tomorrow's too, even if it's just blank paper."
Next Digital's stock plummeted by 15% when the market opened, but the market soon brought them up, seemingly without hesitation. By now, its price has already surged past the opening level, and is still climbing like crazy.
1:28pm 44.44%
1:31pm 68.89%
1:35pm 87.78%
2:00pm 108.89%
2:08pm 156.67%
2:10pm 222.22%
2:12pm 338.22%
Source: Coco Shen's Facebook
#Aug10 #WhiteTerror #NationalSecurityLaw #FreedomOfPress #PoliticalOppression
#StockMarket #NextMedia #AppleDaily
#PoliceState #NationalSecurityLaw
Hongkongers Support #AppleDaily by Buying it in Newspaper Stands and the Stock Market
As of 11:34am on 11 August, the stock price of #NextDigital (0282.HK), the company Apple Daily belongs to, has risen over 1,100% of its original value after the police arrested Apple Daily founder #JimmyLai, his two sons (despite not being involved in the newspaper operation) and 4 other executives of Next Media including the CEO on August 10.
Source: Kris Cheng #Aug11
#NextMedia #4thEstate #StockMarket #Solidarity
Hongkongers Support #AppleDaily by Buying it in Newspaper Stands and the Stock Market
As of 11:34am on 11 August, the stock price of #NextDigital (0282.HK), the company Apple Daily belongs to, has risen over 1,100% of its original value after the police arrested Apple Daily founder #JimmyLai, his two sons (despite not being involved in the newspaper operation) and 4 other executives of Next Media including the CEO on August 10.
Source: Kris Cheng #Aug11
#NextMedia #4thEstate #StockMarket #Solidarity
#Breaking #PoliceState #Economy #StockMarket
HK Police Arrest 15 People for "Conspiracy to Manipulate" Next Digital's Stock Prices
1341 | Hong Kong
Hong Kong police arrested 15 people, claiming that they had "manipulated" the stock price of Next Digital.
After the police's latest arrests on Sept 10, the shares of Next Digital dropped as much as 20 percent.
Editor's note:
Next Digital (formerly, Next Media) was founded by the pro-democracy entrepreneur Jimmy Lai, who is also the founder of Apple Daily. The Hong Kong authorities have been targetting Jimmy Lai by charging him with several charges and arresting him under the national security law in August, 2020.
Police have also arrested Next Digital's CEO and other staff from the management previously.
Source: Now News; Apple Daily; RTHK #Sept10
https://bit.ly/2Re9OaN
https://news.rthk.hk/rthk/en/component/k2/1548876-20200910.htm
#NextDigital #NextMedia #StockPrice
HK Police Arrest 15 People for "Conspiracy to Manipulate" Next Digital's Stock Prices
1341 | Hong Kong
Hong Kong police arrested 15 people, claiming that they had "manipulated" the stock price of Next Digital.
After the police's latest arrests on Sept 10, the shares of Next Digital dropped as much as 20 percent.
Editor's note:
Next Digital (formerly, Next Media) was founded by the pro-democracy entrepreneur Jimmy Lai, who is also the founder of Apple Daily. The Hong Kong authorities have been targetting Jimmy Lai by charging him with several charges and arresting him under the national security law in August, 2020.
Police have also arrested Next Digital's CEO and other staff from the management previously.
Source: Now News; Apple Daily; RTHK #Sept10
https://bit.ly/2Re9OaN
https://news.rthk.hk/rthk/en/component/k2/1548876-20200910.htm
#NextDigital #NextMedia #StockPrice
Chinese Investors in South Korean listings Are Repeatedly Delisted; Fictitious mask Contracts Cost Korean Investors $2.7 billion
In recent years Chinese capital has been aggressively venturing outside, seeking to list on overseas financial markets. South Korea Stock Exchange also continued receiving Chinese capital application for listing and backdoor listing through the acquisition of South Korean companies recently. However, many of the alleged financial statuses are unclear that at least 12 Chinese stocks have been previously delisted in South Korea, accounting for 85% of the delisted foreign stocks. An analysis by South Korea Daishin Securities indicated that Chinese companies tend to exaggerate their marketing goal and often violate their commitments to corporate investment and management. They described Chinese capitals as unreliable and called on investors to be cautious.
Mask Agreement is āmade out of nothingā, stock price drops 50% after being revealed
LIS, a manufacturer of laser supplies and mask production lines, received a stake in Chinaās Jiangsu Yawei Machine in September last year. The latter currently holds 21.84% of the shares and becomes the largest shareholder of LIS. The company unilaterally announced in the middle of this month that it had reached a USD 900 million (approximately HKD 7 billion) mask supply contract with the paper manufacturer Double A, but Double A denied the news the next day. LIS immediately announced the cancellation of the agreement and its stock price plummeted from 13,550 won to 6,050 won in less than two trading days, a decline of more than 55%. LIS apologised to shareholders for the incident and admitted that it had not signed an agreement with Double A.
Source from: Apple Daily #Dec27
https://hk.appledaily.com/international/20201227/N5UFWZBHEVG4DKYQ7BD52ZFJWE/
#SouthKorea #China #StockMarket #MaskProduction #Investors #LIS #DoubleA #Agreement
In recent years Chinese capital has been aggressively venturing outside, seeking to list on overseas financial markets. South Korea Stock Exchange also continued receiving Chinese capital application for listing and backdoor listing through the acquisition of South Korean companies recently. However, many of the alleged financial statuses are unclear that at least 12 Chinese stocks have been previously delisted in South Korea, accounting for 85% of the delisted foreign stocks. An analysis by South Korea Daishin Securities indicated that Chinese companies tend to exaggerate their marketing goal and often violate their commitments to corporate investment and management. They described Chinese capitals as unreliable and called on investors to be cautious.
Mask Agreement is āmade out of nothingā, stock price drops 50% after being revealed
LIS, a manufacturer of laser supplies and mask production lines, received a stake in Chinaās Jiangsu Yawei Machine in September last year. The latter currently holds 21.84% of the shares and becomes the largest shareholder of LIS. The company unilaterally announced in the middle of this month that it had reached a USD 900 million (approximately HKD 7 billion) mask supply contract with the paper manufacturer Double A, but Double A denied the news the next day. LIS immediately announced the cancellation of the agreement and its stock price plummeted from 13,550 won to 6,050 won in less than two trading days, a decline of more than 55%. LIS apologised to shareholders for the incident and admitted that it had not signed an agreement with Double A.
Source from: Apple Daily #Dec27
https://hk.appledaily.com/international/20201227/N5UFWZBHEVG4DKYQ7BD52ZFJWE/
#SouthKorea #China #StockMarket #MaskProduction #Investors #LIS #DoubleA #Agreement
Hong Kong Stock Market Plummets as #Beijing Issues New Mandates to "Regularize" Real Estate Firms
On Monday, September 20, 2021, the Hong Kong stock market plummeted following the order released by the Chinese Communist Part Government before the weekend, to have more control over the real estate firms.
The potential collapse of property developer China Evergrande in China has triggered concern.
The Hang Seng Index in Hong Kong has plunged 3.3 percent (821 points) within a day.
The real estates firms owned by Hong Kong tycoons #LeeKaShing, #LeeSiuKi, #WongChiCheung and the Kwok's brothers among others have suffered a 8-10% liquidization within just one day.
Source: Stand News; RTHK #Sept20
https://www.thestandnews.com/finance/%E5%82%B3%E5%8C%97%E4%BA%AC%E5%90%91%E5%9C%B0%E7%94%A2%E5%95%86%E4%B8%8B%E6%97%A8%E8%A7%A3%E6%88%BF%E5%B1%8B%E5%95%8F%E9%A1%8C-%E6%81%92%E5%9F%BA%E6%96%B0%E4%B8%96%E7%95%8C%E7%80%89%E9%80%BE%E4%B8%80%E6%88%90-%E6%81%92%E6%8C%87%E8%B7%8C%E9%80%BE-800-%E9%BB%9E
#StockMarket #HSIndex #Evergrande #CCPRules #Finances #Economy
On Monday, September 20, 2021, the Hong Kong stock market plummeted following the order released by the Chinese Communist Part Government before the weekend, to have more control over the real estate firms.
The potential collapse of property developer China Evergrande in China has triggered concern.
The Hang Seng Index in Hong Kong has plunged 3.3 percent (821 points) within a day.
The real estates firms owned by Hong Kong tycoons #LeeKaShing, #LeeSiuKi, #WongChiCheung and the Kwok's brothers among others have suffered a 8-10% liquidization within just one day.
Source: Stand News; RTHK #Sept20
https://www.thestandnews.com/finance/%E5%82%B3%E5%8C%97%E4%BA%AC%E5%90%91%E5%9C%B0%E7%94%A2%E5%95%86%E4%B8%8B%E6%97%A8%E8%A7%A3%E6%88%BF%E5%B1%8B%E5%95%8F%E9%A1%8C-%E6%81%92%E5%9F%BA%E6%96%B0%E4%B8%96%E7%95%8C%E7%80%89%E9%80%BE%E4%B8%80%E6%88%90-%E6%81%92%E6%8C%87%E8%B7%8C%E9%80%BE-800-%E9%BB%9E
#StockMarket #HSIndex #Evergrande #CCPRules #Finances #Economy
#Economy
No Chinese Stock Left Among Global Top 10 as #Tencent Slides
//Tencent Holdings Ltd. has lost its place among the worldās 10 largest companies by market value, leaving no Chinese company in the list as Bejingās regulatory crackdown continues to wreak havoc on the stock market.
Hong Kong-listed shares of the gaming and social media company fell 0.5% Thursday, valuing it at $556 billion. Thatās just below U.S. chipmaker Nvidia Corp., data compiled by Bloomberg shows.
This is the first time that a Chinese company isnāt among the worldās ten largest since 2017, the data show. Tencentās unseating follows that of #Alibaba Group Holding Ltd. earlier this year, as Chinaās tech behemoths face tougher rules on everything from monopolistic practices to data security and kidsā gaming hours.//
Source: Bloomberg #Sept16
https://www.bloomberg.com/news/articles/2021-09-16/tencent-s-slide-leaves-china-with-no-stocks-in-global-top-10
#CCP #HengSengIndex #ChinaMarket #StockMarket
No Chinese Stock Left Among Global Top 10 as #Tencent Slides
//Tencent Holdings Ltd. has lost its place among the worldās 10 largest companies by market value, leaving no Chinese company in the list as Bejingās regulatory crackdown continues to wreak havoc on the stock market.
Hong Kong-listed shares of the gaming and social media company fell 0.5% Thursday, valuing it at $556 billion. Thatās just below U.S. chipmaker Nvidia Corp., data compiled by Bloomberg shows.
This is the first time that a Chinese company isnāt among the worldās ten largest since 2017, the data show. Tencentās unseating follows that of #Alibaba Group Holding Ltd. earlier this year, as Chinaās tech behemoths face tougher rules on everything from monopolistic practices to data security and kidsā gaming hours.//
Source: Bloomberg #Sept16
https://www.bloomberg.com/news/articles/2021-09-16/tencent-s-slide-leaves-china-with-no-stocks-in-global-top-10
#CCP #HengSengIndex #ChinaMarket #StockMarket