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Tiger Brokers Adds SGX Trading to Tiger Trade mobile and online trading application

SGX Trading adds to Tiger Brokers’ current menu of stock exchanges, such as the New York Stock Exchange (NYSE) and the Nasdaq Stock Market (NASDAQ), the world’s two largest stock exchanges, as well as the Hong Kong Stock Exchange (HKEX).

Hypocrisy mars RMB devaluation debate

Author: Stephen Olson, Hinrich Foundation The verdict on China’s recent currency devaluations differs depending on who you listen to. To some, the devaluations are either...

Banks struggle to hit lending goal

Significant challenges remain for the banking industry to reach the annual credit growth target this year, despite certain improvement in lending situation, State...

Can Internationalization of the Renminbi Succeed where Internationalization of the Yen Failed?

See original here: Can Internationalization of the Renminbi Succeed where Internationalization of the Yen Failed? The political unrest in the last quarter of 2009 will...

“Made in China” No More

Chinese companies are taking advantage of the EU debt crisis to make headway into Europe, targeting key sectors and regions, including shipping and ports in Greece, auto manufacturing in Eastern Europe, and banking and finance in London. By relocating production to Europe and securing a “Made in Europe” label, some firms hope to boost their reputations. Car manufacturer Great Wall Motors opened an assembly line in Bulgaria to produce cars exclusively for Europe. China wants to invest in “sectors that will boost its foreign trade, but also facilitate its international trade in general,” says Hervé Solignac Lecomte, head of international trade at HSBC France as reported by Anne Villechenon in the Guardian. Europeans could be more willing to sell assets to Chinese investors – and the spread of operations to Europe could also decentralize Chinese corporate decision-making. – YaleGlobal Chinese manufacturers look to escape image problem by qualifying for coveted Made in Europe labelAnne VillechenonThe Guardian, 15 May 2012This article originally appeared in Le Monde.      Rights:© 2012 Guardian News and Media Limited or its affiliated companies. All rights reserved.

Fitch downgrades Hungary to junk status

Budapest: Fitch Ratings downgraded Hungary's credit grade to junk status on Friday, citing a standoff between the country and the European Union and the International Monetary Fund over rescue loans. Fitch, which followed similar moves from Moody's and S&P, kept a negative outlook, indicating a more than a 50 per cent chance for another downgrade within the next two years

China’s Real Estate Bubble May Have Just Popped

China’s real estate scene is reminiscent of the 2007 US market: developers are slashing prices and infuriating owners who paid top yuan for properties. Problems in the real estate market are extending into steel, banking, mining and other sectors. Vacant developments are numerous because wealthy Chinese savers have few alternatives for investing growing wealth. “Beijing's response to the global financial crisis added jet fuel to the fire,” writes Patrick Chovanec for Foreign Affairs, arguing that investors, not urban residents contributed to the bubble. “To maintain GDP growth of nearly ten percent during a massive downturn in global demand, China's leaders engineered a lending boom that expanded the country's money supply by roughly two-thirds.” Developers, after ignoring warnings to ease up on capacity, have urged the government to lift restrictions on owning multiple homes. By letting the bubble pop, the government could instantly create affordable housing for less affluent Chinese. – YaleGlobal Speculation, excess inventory, vacant developments, price reductions – a host of factors are set to undermine China’s real estate market and economic growth Patrick Chovanec Foreign Affairs, 26 December 2011 Rights:Copyright © 2002-2011 by the Council on Foreign Relations, Inc.

SBV sets stricter rules on new bank establishment

The statements made by the State Bank of Vietnam recently make people understand that while Vietnam is still busy “putting the banking system in order,” it would nearly say “no” to the establishment of any new banks.

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