China Insurance Funds Designated to Invest in Canada

K

Kassz007

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=awi2LPavsefI


"The agreement with China gives Canadian financial markets access to a pool of up to C$106 billion ($106 billion), Flaherty said in a statement today from Seoul, South Korea."

"This agreement demonstrates a great deal of confidence in Canada’s economic prospects and the soundness of Canada’s financial system,” he said in the statement."

"Canada had been approved in April as a place where Chinese banks could invest. Today’s agreement is the third under China’s Qualified Domestic Institutional Investor program..."




Get long Canadian banks if you have not already done so.
 
Quote from Kassz007:
....China....Canadian financial markets....Seoul, South Korea.....Canada’s economic prospects....Canada’s financial system....Canada....Chinese banks can invest.....China’s Qualified Domestic Institutional Investor program....Get long Canadian banks....
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When foreign investors get excited about foreign markets, BE CAREFUL! :eek:
 
Quote from nazzdack:

When foreign investors get excited about foreign markets, BE CAREFUL! :eek:
More...

So when some western investor got excited about China in the mid 90's, he had to be careful of generating vast returns in the next decade. LOL
 
Quote from Kassz007:
....your comment.
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1) I'm bearish.
2) Foreign investors tend to get "permission" to invest in other foreign markets near long-term peaks. "They get to the party too late". :cool:
 
Quote from nazzdack:

1) I'm bearish.
2) Foreign investors tend to get "permission" to invest in other foreign markets near long-term peaks. "They get to the party too late". :cool:
More...

Understood.

May I ask why you are bearish?

Surely another couple billion dollars will fuel the party even more?
 
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