Archive for the ‘Finance’ Category
Friday, May 16th, 2008
The economist has an excellent article this week that touches on the myriad problems in the Chinese financial sector:
Hank Paulson, America's treasury secretary, was not just talking America's book when he said that opening the Chinese financial system is “absolutely necessary” for China's own long-term economic success. It would not ...
Posted in Finance, Bradley Gardner | No Comments »
Monday, February 18th, 2008
I know that's a glamourous title for a post that is essentially just me bitching. I spent 3 hours trying to buy a Palm TX this weekend. I was eventually successful, but the adventure led to my credit card being frozen. I'm now trying to manage the time difference and calling ...
Posted in Finance, Bradley Gardner | No Comments »
Monday, January 28th, 2008
So I was at the China Securities Conference last month, in the lovely Hongqiao suburb of Shanghai. It was the first time I had been to Shanghai and run across a large selection of dirty corner noodle shops (I find Shanghai annoyingly clean), and about 2 small brothels on every ...
Posted in Finance, Stock Market, economy, Bradley Gardner | No Comments »
Wednesday, January 23rd, 2008
I've been at the 2008 China Securities Conference for the past few days, the first day of which correlated with a 7% drop in the market, and the second day of which a majority of the attendants were mysteriously missing. The conference was amazingly interesting, and everyone seemed to be getting ...
Posted in Finance, Bradley Gardner | No Comments »
Wednesday, January 16th, 2008
Interesting article in the Wall Street Journal about China Development Bank not buying into Citigroup. No one is quite sure why at this point that Morgan Stanley is in and Citigroup out, but the article does sum up the hair brained and not so hair brained reaction to Chinese currency ...
Posted in Finance, Bradley Gardner | No Comments »
Tuesday, January 15th, 2008
So I don't know how many of our readers have figured this out at this point, but I'm a dork about Central Banking. So with a likely change at the helm of the PBOC coming up in the next few month I can't help but be on edge.
Today I read ...
Posted in Finance, economy, Bradley Gardner | No Comments »
Tuesday, January 8th, 2008
Victor Shih tries to answer the elusive question: how does Chinese monetary policy work?
Factions and Finance in China, though an academic work both in price (USD 85) and structure (it was based on Northwestern University professor Victor Shih’s doctoral dissertation), reads like a soap opera.
Shih argues that the peculiar nature ...
Posted in Book Review, Finance, economy, Bradley Gardner | 3 Comments »
Wednesday, December 19th, 2007
Two news stories that seem somewhat telling about the state of China's banking industry:
First, Shenzhen Development bank is hoping to raise RMB 4.2 billion through a share sale, to deal with "chronic capital shortage," it's planning on selling 120 million shares to Baosteel, hoping to bring its capital adequacy up ...
Posted in Finance, Bradley Gardner | No Comments »
Monday, December 10th, 2007
I was just talking to our Stockwatch columnist Leo Zhang, and noticed, much to my surprise, that he didn't seem to be horribly fazed by the state of the Chinese stock market at the moment. As anyone who has put all their savings into the Chinese stock market knows, the ...
Posted in Finance, Bradley Gardner | 1 Comment »
Tuesday, November 20th, 2007
So I'm not sure how this all works, but the PBOC seems to have very politely asked all the banks in China to stop lending money like its going out of style. At least until its January 2008. The Wall Street Journal originally reported this as a lending freeze, making ...
Posted in Finance, economy, Bradley Gardner | 1 Comment »
