Disappearance of deposits triggers distrust in Chinese banks

[Jamesc]

8 minutes ago, Arogab said:

Cars lagi depreciate lah

Every other country except SG.

COE goes up and you can sell

your car you bought when COE 

was low for a higher price.

[Arogab]

2 minutes ago, Jamesc said:

Every other country except SG.

COE goes up and you can sell

your car you bought when COE 

was low for a higher price.

I don't bet this as it's low chance😂

[Jamesc]

2 minutes ago, Arogab said:

I don't bet this as it's low chance😂

COE will never come down.

[Arogab]

2 minutes ago, Jamesc said:

COE will never come down.

That was my analysis, if it do not come down, it will go up. Don't worry, if keep going up. I wait for GE😁

[Jamesc]

Interest rates going up so put money in the bank is ok.

I am taking all the money under the bed

and putting it in a bank.

Hope that Mr Power puts up interest rates high high.

More power to him.

[yishunite]

https://www.bloomberg.com/news/articles/2022-07-31/china-banks-may-face-350-billion-in-losses-from-property-crisis

This really looks like the same subprime leadup to global financial crisis of 2008. So roughly we are around Dec 2007 😅 3 months to Bear Stearns and 9 months to Lehman Brothers 

[inlinesix]

25 minutes ago, yishunite said:

https://www.bloomberg.com/news/articles/2022-07-31/china-banks-may-face-350-billion-in-losses-from-property-crisis

This really looks like the same subprime leadup to global financial crisis of 2008. So roughly we are around Dec 2007 😅 3 months to Bear Stearns and 9 months to Lehman Brothers 

No worries la.

PBOC just relax the requirement of statutory reserves.

[yishunite]

3 minutes ago, inlinesix said:

No worries la.

PBOC just relax the requirement of statutory reserves.

What if the problem isnt liquidity 🤣

[inlinesix]

14 minutes ago, yishunite said:

What if the problem isnt liquidity 🤣

Tank will resolved all problems.😂

[Fcw75]

8 hours ago, Arogab said:

That was my analysis, if it do not come down, it will go up. Don't worry, if keep going up. I wait for GE😁

Aborthen bro? 🤣

It’s like saying Mas Selamat is either in Singapore or not in Singapore. 😁

[Arogab]

17 hours ago, Fcw75 said:

Aborthen bro? 🤣

It’s like saying Mas Selamat is either in Singapore or not in Singapore. 😁

Clever mah😂

[steveluv]

 

[Ody_2004]

 

[Jamesc]

Why you all say that?

My MIL put all her money in China.

Its the future.

[Kb27]

ha.. western propaganda, china is still doing very fine. Thank you.

please come put more money into it, we'll guarantee double your returns. 

Edited August 8, 2022 by Kb27

[steveluv]

Sorry double post

 

Edited August 8, 2022 by steveluv

[Voodooman]

So many of these Western  YouTubers have so little understanding of the Chinese system.  

The large Chinese state owned banks are very safe, I think.

China still have have capital control and CCP (rather the state) owns all the big banks and has huge influence over the private sectors, even the current property crisis is triggered by the Central govt.  This is a good video if you are interested to know more. Must say the PRC govt have built quite a system to fend off foreign actors will ill intention. 

 

[Playtime]

50 minutes ago, Singa said:

just learnt a new term: 恶意不买房

https://www.dw.com/zh/中国房市困境寻出路-谁在恶意不买房/a-62247194

https://zhuanlan.zhihu.com/p/534075745

Im told by prc friends its traditional that when children marry,  parent must buy them a house. Considering housing prices,  I wonder how parents cope 🤔.. prc friends just say it's tradition 🤷‍♂️. 

In a way,  no wonder they still stick to 1 child causing the population chart upside down.