HK & China - Market Direction 01 (May08 - Oct08)

[-dol-]

F1 is coming up this weekend in Singapore. Any impact on the market?

I think most Singaporeans are elated with the presence of the F1. However, the rest of the world does not even know that the F1 will be in Singapore this weekend, including me

May be they vaguely think that it is held somewhere in China...

SSE down "only" 0.35% (vs STI's -1.95%) as of now.

[kennynah]

or maybe they thought this F1 is some new baby powder milk formula.....wahahahaha...

[Cherry]

Cherry wrote:
F1 is coming up this weekend in Singapore. Any impact on the market?

winston wrote:
I think most Singaporeans are elated with the presence of the F1. However, the rest of the world does not even know that the F1 will be in Singapore this weekend, including me

dol wrote:
May be they vaguely think that it is held somewhere in China...

SSE down "only" 0.35% (vs STI's -1.95%) as of now.

Hi Dol

Hahaha!
Your post should be in the JOKE thread.
I remember when I told an American in USA that I was from Singapore, he asked, "Tell me please, in which part of China is Singapore?"

[winston]

Signal No 8 raised

The Hong Kong Observatory reports that the No 8 Northeast Gale or Storm Signal was issued at 6pm.

Winds with mean speeds of 63 kilometers per hour or more are expected from the northeast.

At 6pm, Typhoon Hagupit was centered about 210 kilometers south-southeast of Hong Kong and is forecast to move west or west-northwest at about 28 kilometers per hour heading towards the south China coast.

Hagupit's outer rainbands are already affecting Hong Kong. Gale force winds are generally blowing over offshore waters and on high grounds.

[winston]

Central Huijin buys shares in top banks
Wednesday, September 24, 2008

Central Huijin, an arm of China Investment Corp, the country's sovereign wealth fund, has bought two million Shanghai-listed A shares in each of China's top three banks on the stock market - part of official market-rescuing efforts.

Industrial and Commercial Bank of China (1398), the country's largest lender, said yesterday that Central Huijin had bought two million of its Shanghai-listed A shares.

Huijin had also bought two million A shares in each of Bank of China (3988) and China Construction Bank Corp (0939).

ICBC said Huijin intended to continue to increase its shareholding in ICBC by acquiring shares on the market within the next 12 months.

The purchase of two million ICBC shares increased Huijin's stake in the bank to 35.3298 percent from 35.3292 percent.

The purchases are part of a government rescue package announced last Thursday to bolster the stock market.

REUTERS

[winston]

HK should be open today for trading

[winston]

China Pension Fund invests HK$15b yuan in overseas firms

China's national pension fund invested as much as 15 billion yuan (HK$17.14 billion) in shares of listed overseas companies, and will add to the holdings to boost returns, said Zhan Yuyin, director general of global investment.

The National Council for Social Security Fund, or NSSF, committed less than 2 billion yuan to local private equity funds after a recent rule allowing such investments, Zhan said.

"From an investment perspective, we want to diversify and try to have more exposure outside of China and Asia,'' he said.

The fund invested about 2 percent to 3 percent of its 500 billion yuan in stakes of overseas listed companies, Zhan said.

BLOOMBERG

[kennynah]

I remember when I told an American in USA that I was from Singapore, he asked, "Tell me please, in which part of China is Singapore?"

i just simply laughed at their ignorance to their faces...

[blid2def]

Yes, but ask an average Singaporean where is Tanzania, see what he/she tells you... don't be surprised if the answer is: "somewhere in Australia".

[kennynah]

so...laugh at their ignorance too.... applies to everyone...

everyone really should know that Tanzania is the place where Tarzan lives...