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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (49999)	5/13/2009 7:54:55 AM
From: KyrosL	Respond to of 217860

<<the comrades are saving hk retail big time>> China is generous lately, especially towards HK. China Cracks Open the Vault By ANDREW PEAPLE Good news for banks is rare these days. Easy access to China even scarcer. Hong Kong's banks just got a bit of both. Two recent moves offer particular hope: the decision to grant Hong Kong banks more leeway to set up branches in the province of Guangdong and an expected pilot program allowing the settlement of cross-border trade with China in Hong Kong, in yuan. Banks like HSBC Holdings and Standard Chartered, already well-placed in China, could be big gainers. Meanwhile, the potential benefit for smaller Hong Kong banks, like Wing Hang Bank, Bank of East Asia or Hang Seng Bank, will be noted by potential suitors looking for Asian expansion. As is often the case with new initiatives in China, uncertainty lingers. For example, just how quickly will Hong Kong banks be able to take significant market share? Similarly hazy is how profitable trade settlement in yuan will be. What is clear is the potential. In Guangdong, home to populous cities like Shenzhen and Guangzhou, a lot is at stake. Goldman Sachs estimates the province's deposit base at about $800 billion, already more than in Hong Kong itself. On the foreign-exchange front, trade flows between Hong Kong and China were nearly $360 billion last year. Either is potentially a sizable reward for having survived the credit crunch. online.wsj.com

To: TobagoJack who wrote (49999)	5/13/2009 12:38:52 PM
From: westpacific	4 Recommendations Read Replies (1) \| Respond to of 217860

Gig is about up; I posted this video yesterday on another board... Today I hear that the Bushs have taken all the gold out of Fort Knox and put it in South America. The group of 300 has been ordered to stand down. Got GOLD. ----- Make sure you watch the video; it is like none you have ever seen! Note the part about 30K for every man,women and child; that is just the recent FED money expansion. It seems 9T is missing on FEDS offshore, off balance sheet accounts. youtube.com West