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China housing bust may be underway
- Thread starter wilburbear
- Start date
Bump.
And, can this spread to other regions of the globe?
And, can this spread to other regions of the globe?
Quote from wilburbear:
Bump.
And, can this spread to other regions of the globe?
Nothing like a good Banking crisis to destablize a commie govt. Probably a sign of GDP growth slowdown. Will effect commodities like steel, copper, Soy Beans, Crude oil etc. and Chinese ADRs. Smart Chinese money behind the recent gold move? A interesting hypothesis.
Quote from mhashe:
Nothing like a good Banking crisis to destablize a commie govt. Probably a sign of GDP growth slowdown. Will effect commodities like steel, copper, Soy Beans, Crude oil etc. and Chinese ADRs. Smart Chinese money behind the recent gold move? A interesting hypothesis.
1. Chinese banks really in a state of perpetual crisis - maybe this gets them to straighten up.
2. Commodity price growth retrenches = structural long oppty.
3. Smart chinese money buying gold? Yup.
4. Still long my FXI. Buy more if it pisses out.
Quote from drsteph:
1. Chinese banks really in a state of perpetual crisis - maybe this gets them to straighten up.
2. Commodity price growth retrenches = structural long oppty.
3. Smart chinese money buying gold? Yup.
4. Still long my FXI. Buy more if it pisses out.
well they are'nt dumb. They've been diversifying their banking sector risk by quietly selling off troubled banks at grossly inflated valuations to foreign banks. After I read the following last month I was thinking why let foreign buyers in now? This real estate article seems to tie well to their sudden relaxation of buyout rules.
http://www.washingtonpost.com/wp-dyn/content/article/2005/12/30/AR2005123001430.html
Citigroup Leads Bid to Buy Bank In China
By Ben White
Washington Post Staff Writer
Saturday, December 31, 2005; Page D01
NEW YORK, Dec. 30 -- A consortium led by Citigroup Inc. bid $3 billion for a controlling stake in China's Guangdong Development Bank, a Chinese business magazine reported Friday. If completed, the deal would be among the largest foreign investments ever in China.
Citigroup's stake could exceed the 20 percent cap the Chinese government usually imposes on foreign ownership of domestic banks, the magazine, Caijing, reported. It said the exception would be granted because of Guangdong Development Bank's troubled finance
Housing boom bust in Shanghai a year ago. I think we're going to see a full recovery with all this negativity. It seems the bears have hit overseas. Guangdong had their housing boom years ago. I live here, I should have some idea...
Quote from mhashe:
well they are'nt dumb. They've been diversifying their banking sector risk by quietly selling off troubled banks at grossly inflated valuations to foreign banks. After I read the following last month I was thinking why let foreign buyers in now? This real estate article seems to tie well to their sudden relaxation of buyout rules.
http://www.washingtonpost.com/wp-dyn/content/article/2005/12/30/AR2005123001430.html
Citigroup Leads Bid to Buy Bank In China
By Ben White
Washington Post Staff Writer
Saturday, December 31, 2005; Page D01
NEW YORK, Dec. 30 -- A consortium led by Citigroup Inc. bid $3 billion for a controlling stake in China's Guangdong Development Bank, a Chinese business magazine reported Friday. If completed, the deal would be among the largest foreign investments ever in China.
Citigroup's stake could exceed the 20 percent cap the Chinese government usually imposes on foreign ownership of domestic banks, the magazine, Caijing, reported. It said the exception would be granted because of Guangdong Development Bank's troubled finance
$3bill for Citi is nothing, its like $3.
Quote from GlobalFinancier:
Housing boom bust in Shanghai a year ago. I think we're going to see a full recovery with all this negativity. It seems the bears have hit overseas. Guangdong had their housing boom years ago. I live here, I should have some idea...
So, no new construction ? Enough housing to run the cities and manufacturing operation expensions/restructuings ?
I would not be a housing bear in china... regional speculative excesses that are running ahead of peoples paychecks will get washed out and things will just move to other locales ....
Comment ?