24th july 2013-i really do not know what to say!!it is really shameful being a singaporean!

Which eatery has the best toothpicks? Din Tai Fung, says labour chief Lim Swee Say

Published on Jul 22, 2013
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When labour chief Lim Swee Say goes to Chinese restaurant Din Tai Fung, his eyes are peeled not so much on its dumplings and noodles, but on its toothpicks. -- ST PHOTO: MARK CHEONG

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http://www.straitstimes.com/sites/straitstimes.com/files/20130722/breadtalk2207e.jpg

When labour chief Lim Swee Say goes to Chinese restaurant Din Tai Fung, his eyes are peeled not so much on its dumplings and noodles, but on its toothpicks. -- ST PHOTO: MARK CHEONG

http://www.straitstimes.com/sites/straitstimes.com/files/20130722/breadtalk22076e.jpg

When labour chief Lim Swee Say goes to Chinese restaurant Din Tai Fung, his eyes are peeled not so much on its dumplings and noodles, but on its toothpicks. -- PHOTO: DIN TAI FUNG

http://www.straitstimes.com/sites/straitstimes.com/files/20130722/breadtalk22072e.jpg

Mr Lim Swee Say (centre), Minister for Prime Minister's office, is pictured with Dr George Quek (second from left), group chairman of BreadTalk Group, during a presentation at the Service Excellence Learning Journey To BreadTalk Group Limited, on July 22, 2013. When Mr Lim goes to Chinese restaurant Din Tai Fung, his eyes are peeled not so much on its dumplings and noodles, but on its toothpicks. -- ST PHOTO: MARK CHEONG

http://www.straitstimes.com/sites/straitstimes.com/files/20130722/breadtalk22073e.jpg

Employees at Ding Tai Fung's BreadTalk Mall is seen working through a window on Monday, July 22, 2013. When labour chief Lim Swee Say goes to Chinese restaurant Din Tai Fung, his eyes are peeled not so much on its dumplings and noodles, but on its toothpicks. -- ST PHOTO: MARK CHEONG

http://www.straitstimes.com/sites/straitstimes.com/files/20130722/breadtalk22074e.jpg

Ms Eunice Lim, director of operations of Ding Tai Fung Thailand, is pictured on Monday, July 22, 2013. When labour chief Lim Swee Say goes to Chinese restaurant Din Tai Fung, his eyes are peeled not so much on its dumplings and noodles, but on its toothpicks. -- ST PHOTO: MARK CHEONG

http://www.straitstimes.com/sites/straitstimes.com/files/20130722/breadtalk22075e.jpg

The exterior of BreadTalk Mall is pictured on Monday, July 22, 2013. When labour chief Lim Swee Say goes to Chinese restaurant Din Tai Fung, his eyes are peeled not so much on its dumplings and noodles, but on its toothpicks. -- ST PHOTO: MARK CHEONG

By Amelia Tan

When labour chief Lim Swee Say goes to Chinese restaurant Din Tai Fung, his eyes are peeled not so much on its dumplings and noodles, but on its toothpicks.
He likes them because they are well-designed and of good quality.
"Many restaurants give you toothpicks, but the toothpick is so big it can never go through, but this one is so fine that whatever is inside sure can come out," he said on Monday.
In fact, he revealed with a laugh, the Din Tai Fung toothpicks are so good, he "can never resist" - he always takes half a box of them during each visit.
"They always serve in a pack," he told reporters at BreadTalk Group's new headquarters in Tai Seng. "And because I go there very early - 10.30 in the morning - always full right. And guess what? By the time I left, normally right, it's half left. The other half is in my pocket."
In fact, Mr Lim had a Din Tai Fung toothpick on him, and showed it to reporters.
The point he wanted to make? "Success never happens by chance," he said.
Companies like BreadTalk and Din Tai Fung -a chain founded in Taiwan and which is run by BreadTalk here - pay attention to the finest details.
During his tour, Mr Lim was shown how BreadTalk has streamlined its work processes to deal with the manpower crunch that has affected the service sector.
A Din Tai Fung spokesman said toothpicks are placed on all tables and customers are free to use as many as they like.

my comments--
HE EVEN CRAVES FOR A TOOTHPICK PACK !!PLUS HIS SUPER SINGLISH GIVES ME THE CREEPS!!--

"Many restaurants give you toothpicks, but the toothpick is so big it can never go through, but this one is so fine that whatever is inside sure can come out," he said on Monday.

Singlish : Don't worry, sure can one.
Standard English alternative : Don't worry; it'll work

Singlish : He also never do his homework.
Standard English alternative : He didn't do his homework, either./He hasn't done his homework, either.
("Also" & "too" are used for agreement on something positive, "either" is used for agreement on something negative; "never" means "did not ever"�it cannot be used to mean "didn't".)

 FROM
http://www.nus.edu.sg/prose/box-singlish.htm
 

21st july 2013--mercator singapore view by edge magazine in 2013

Monday, March 4, 2013

Mercator: (The Edge)

Mercator: (The Edge) Bites the bullet with vessel sale, charter terminations as outlook brightens. Grp CEO note that ‘The Dry Bulk sector is bottoming out’ and sense is that it could happen by yr end. So Grp positioning itselves, and is getting its B/S ready inorder to position itself to secure long-term contracts and get the financing needed to buy new ships. CEO add that Mercator’s current losses will prove to be temporary and its only a matter of time bf it turns the corner. Currently vessels coming out of contracts are being chartered on spot rates to avoid locking in rates at unsustainable levels. Grp’s bullishness hinges on that; Some shipyards have begun to raise their prices for new build bulk carriers, while prices for second hand vessels appears to be stabilising, and prices don’t look like they have much room to go down any further. In addition, higher scrapping activity and a lower vol of orders for new ships over the past 2-3 yrs have helped to curb the over supply of tonnage in the market. Ship financiers and analysts also appear to be turning positive on the dry bulk sector. DvB Bank note that recently PE is coming into the ship market, to increase its exposure to the bulk and container shipping sector.

21st july 2013 --i discovered a criteria before every shipping sector stocks surge up in unison

V.I.C.-VERY IMPORTANT CRITERIA FOR BOTTOMING,AFTER WHICH A SURGE UP:

MAJORITY MUST HIT DOUBLE BOTTOM WHEN COMPARED TO THE LAST DOUBLE BOTTOM BEFORE THE PREVIOUS SURGE UP,WITH MINORITY GOING TO NEW LOWS.

I COMPARED 4 SHIPPING SECTOR STOCKS LISTED IN SGX,UNDER TRANSPORT STORAGE AD COMMUNICATION SECTOR,NAMELY N.O.L,MERCATOR,OTTO MARINE,COURAGE MARINE.

1)BEFORE THE SURGE UP OF DEC2011-FEB2012,BOTH MERCATOR AND N.O.L HIT SAME BOTTOM WITH THE PREVIOUS BOTTOM OF MARCH 2009,AND ALSO A DOUBLE BOTTOM WITHIN A 2-3MONTHS TIMEFRAME,BUT COURAGE MARINE AND OTTO MARINE GO TO NEWER LOWS WHEN COMPARED TO PREVIOUS LOWS IN MARCH 2009.

2)BEFORE THE SURGE UP OF DEC2012 TO JAN2013,THE SAME THINGS HAPPENED-BOTH MERCATOR AND NOL WENT TO THE SAME LOWS AS THE PREVIOUS BOTTOM,DEC2011 AND ALSO HIT A DOUBLE BOTTOM WHEN COMPARED WITH A 2 MONTHS TIMEFRAME.

3)NOW IS THAT NOL AND COURAGE MARINE DID NOT GO LOWER THAN THEIR PREVIOUS LOWS,THE DEC2012 LOWS WITH MERCATOR AND OTTO MARINE GOING LOWER THAN DEC2012 LOWS.

AND ALSO MERCATOR,NOL,AND COURAGE MARINE ALL HIT THE SAME DOUBLE BOTTOM WHEN COMPARED WITHIN A 1-2MONTHS TIMEFRAME.

IN CONCLUSION:

1)OTTO MARINE IS ALWAYS THE WEAKEST WITH FOR 3 CONSECUTIVE TIMES,OTTO MARINE ALWAYS NEVER FAIL TO GO LOWER WHEN A)COMPARING TO THE PREVIOUS LOWS AND 2)COMPARING DOUBLE BOTTOMS OF THAT CURRENT BOTTOM OF OTHER SHIPPING STOCKS.

PLEASE NOTE COSCO AND YANGZIJIANG ARE NOT INCLUDED IN TRANSPORT,STORAGE AND COMMUNICATION SECTOR,HENCE THEY ARE EXCLUDED FROM MY RESEARCH.

THE TANDEM-NESS OF THEIR MOVEMENTS WILL SHOW VERY CLEARLY WHETHER A BOTTOM HAS FORMED.IN THIS CASE,NOW,SHIPPING SECTOR STOCKS BOTTOMING HAS CLEARLY FORMED.

THIS IS THE SAME METHOD WHICH I USED FOR SPOTTING THE MARCH 2009 BOTTOM,WHEN I COMPARED THE SP500 TO HANGSENG AND STRAITS TIMES INDEX,STI.

with courage marine soaring up 33% on fridaym19th july 2013,it further cements the fact that now is the shipping stocks bottom,and a fast and furious surge up is definitely ON THE CARDS

THANK YOU
 

20th july 2013--news after news of good policy response by china!!im so happy!!FOUR GOOD NEWS FOR ME ALL OUT IN THE MONTH OF JULY 2013!!

SO MANY GOOD POLICIES FOR THE BEATEN DOWN SHIPPING SECTOR AND CHINA ALL OUT AT ONCE!!NOT ONE,BUT FOUR!!

THIS IS WHAT I MEANT BY BUYING AT LOWS,YOU WILL HAVE THE GOVERNMENT "ON YOUR SIDE".IF YOU BUY AT HIGHS,YOU WILL SOMEHOW FIND THAT GOVERNMENT POLICIES ARE "NOT ON YOUR SIDE".FOR EXAMPLE,BOTH MY COUSINS BOUGHT PROPERTIES ONLY AFTER WENT UP BY 50 TO 100%.NOT LONG AFTER THEY BOUGHT,SINGAPORE GOVERNMENT STEPPED IN TO INTRODUCE PROPERTY COOLING MEASURES.WHEN I BOUGHT MY ORCHARD ROAD COMMERCIAL PROPERTY IN 2005,WERE THERE PROPERTY COOLING MEASURES????

WHAT A JOKE!!WHY ALWAYS GOVERNMENT POLICIES SEEM TO BE "ON MY SIDE"???

1)China to Introduce Foreign Trade Stimulus Measures Soon
商务部7月下旬或将密集出台外贸支持措施
Jul 18, 2013 10:19 AM GMT+0800 | Prepared by ChinaScope Financial | Source:China Business News

• The Ministry of Commerce (MOFCOM) spokesman SHEN Danyang stated yesterday that China’s regulatory bodies are mulling new stimulus policies to boost foreign trade and will introduce them shortly. People familiar with the information unveiled that the MOFCOM has submitted reports to the State Council after conducting investigations into export situations in some coastal regions from late June to early July; a series of supportive measures are expected to be released in late July, in a bid to stimulate foreign trade.

• China’s foreign trade data for June further weighed on the nation’s economy as the monthly exports and imports both declined on a yearly basis for the first time in sixteen months, the aftermath of Chinese regulators’ crackdown on inflated export invoicing. Mr. SHEN added that more efforts should be made in the second half of this year, in a bid to achieve this year’s foreign trade growth target.

 

in chinese:

 

商务部7月下旬或将密集出台外贸支持措施

2013年07月18日01:46第一财经日报[微博]郭丽琴我要评论(0)

字号：T|T

历经1~4月出人意料的外贸增速，经过整顿，5~6月份真实进出口状况终于“现形”。疲软的数据已经引发高层的高度警惕，并已加紧研究部署新的政策出台。

针对下半年的外贸形势，商务部新闻发言人沈丹阳昨日在月度例行发布会上称，全年出口更加严峻、复杂，要实现今年外贸预期发展目标需要克服很多困难。他表示，根据国务院指示，商务部正在会同国务院有关部门进一步研究采取支持措施，这些措施会很快出台。

《第一财经日报》此前曾连续报道称，高层已开始关注广东、深圳等地前4个月来“登峰造极”的对港贸易数据，并责令严查原因。知情人士对本报记者表示，由于中央的严查，使得5~6月剔除了外贸水分，但最终过于疲弱的数字大大出乎了决策层的意料。

本报记者了解到，商务部于6月下旬至7月上旬赴沿海省市调研，目前已经汇总资料上报国务院。若考虑到外贸政策执行到产生效应的滞后期为3~6个月，那么真正的政策或许将在下周，即7月下旬密集出台。

高层关注外贸颓势

海关总署日前发布的数据显示，6月出口同比下降3.1%，低于上月的增长1.0%以及市场预期值增长3.7%；进口同比下降0.7%，也低于上月的-0.3%和市场预期值增长6.0%。此外， 6月贸易顺差扩大至271亿美元，高于上月的204亿美元。

剔除了水分的中国进出口数据，让所有人都吃了一惊。这已经不是能否完成全年外贸“保八”任务的问题，而是如何防止出口深度下滑的问题了。

根据商务部披露的数据，制造业采购经理人指数中的新出口订单指数已经连续三个月低于50%。商务部对全国1900家重点外贸企业的调查显示，企业出口订单趋冷、利润趋薄，出口订单的环比增长企业所占比重已经连续4个月减少，出口利润率环比下降的企业所占比重已经创下了近4个月的新高。

与此同时，企业出口信心持续回落。6月份，有将近1/3的企业认为，今年出口额将会比去年有所下降，所占比重半年以来首次超过30%。4月份以来，商务部重点联系企业出口订单指数、信心指数已经连续3个月下滑。

上述知情人士表示，其实外贸主管部门年初便已注意到进出口的诸多不利因素，但由于1~4月份进出口数据的虚高，导致一系列相关促进政策被搁置下来。

此前“夸张”的数据显示，4月出口同比增长14.7%，高于上月的10.0%。前4个月，内地与香港双边贸易增长66%。而在3月份，内地对香港出口则增长了92.9%，创出了1995年3月以来的最高增速。

针对这种数据“坐火箭”现象，本报此前曾报道称，广东（尤其是深圳等地）的“出口一日游”，已经到了令人无法容忍的地步。不仅包括传统上的骗取出口退税，现在还有热钱借道虚假贸易涌入的因素。

而在所有导致外贸企业陷入困境的政策性问题中，清华大学中美关系研究中心高级研究员周世俭重点提及了汇率问题。“过去美元走软的时候，压迫人民币升值；现在美元走强，人民币还在升值，对外贸企业的压力非常大。”他说。

国际清算银行的数据显示，今年5月底，人民币实际有效汇率为116.3，较去年年底已经升值了5.6%。如果分币种看，人民银行的数据显示，截止到6月28日，人民币兑美元、兑欧元、兑日元汇率中间价分别较去年年底升值1.7%、3.3%和16.7%。与此同时，国内劳动力成本仍在上升，今年上半年已经有多个省市区先后上调了最低工资标准。

组合政策前景

昨日沈丹阳提出的“稳外贸”政策组合措施，目标可谓多元：既有利于稳增长，又有利于调结构；既有利于稳定出口，又有利于扩大进口；既有利于降低出口成本，又有利于开拓新市场，发挥技术、品牌、质量、服务综合优势的贸易环境。

但真要实现以上多元化目标，必须出台一套组合型促进政策。究其根本，涉及“稳外贸”的实质性政策无外乎汇率、进出口关税、出口退税、信贷支持。

去年9月，国务院常务会议讨论通过《关于促进外贸稳定增长的若干意见》，确定了8项措施，具体而言，加快出口退税进度，扩大融资规模，可以有效减轻企业资金流压力；扩大出口信用保险规模和覆盖面，特别注意加强对小微企业提供信用保险服务。

但这被一些业内人士称为临时性救急措施，并期待更强有力的实质性政策。周世俭表示，中国外贸的核心成本包含三个方面，农民工工资、汇率，以及出口退税。由于农民工工资上涨是必然趋势，不能改变，因此，只能动汇率及出口退税，同时加强信贷支持，以促进出口。

周世俭还认为，人民币不应该再追随美元升值了，应该保持稳定，甚至适度贬值。此外，对高科技企业、能源领域，甚至化妆品在内的消费品的进口关税也需要调整，从而促进进口。而出口退税不仅要快速，还要进一步提高退税率。

商务部国际贸易经济合作研究院院长霍建国（微博）则对本报记者表示，目前来看，似乎这几项核心政策，去年国务院已经有相应动作。能够出台的估计是些较小的刺激性政策。

霍建国认为，最重要的是要给实体经济创造一个公平的竞争环境，不仅保证拿到订单的企业能够获得足够的信贷规模，也要放开投资领域限制，下放投资审批。“现在中国的关键问题在于实体经济，尤其是制造业不景气。如果不能解决实体经济的问题，外贸企业，尤其是中小型外贸企业的日子也不会好过。”

对于外界盛传的，年初制定的外贸“保八”任务难以完成的说法，沈丹阳表示，面对这样的形势，需要付出更加艰苦的努力，但是现在也不能说就完不成预期目标或者没有希望完成目标，毕竟实现外贸的稳定增长关乎中国国内的就业、居民的收入，关系到国内经济增长甚至世界经济稳定。

 

2)華富新聞：內地再傳政府打救航運業 航運振興計劃有望年內出台(CHINA GOVERNMENT RUMOURED WILL COME OUT WITH SHIPPING SECTOR RESCUE PLAN WITHIN 2013)

Quamnet – 2013年7月2日週二香港時間下午2:11(JULY2ND 2013 NEWS)

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公司：

• 中國遠洋
• 中海集運
• 中外運航運

相關報價

代號	價格	升跌
1919.HK	3.26	0.03
2866.HK	1.94	0.01
0368.HK	1.90	0.03
1199.HK	9.96	-0.06

受到歐債危機、全球經濟不景氣等內外夾擊影響，內地航運業仍在寒冬中步履維艱。穆迪上月發佈的展望報告稱，嚴重的運力過剩問題將會在未來至少18個月內繼續壓制運費。另外美國原油進口量以及歐洲需求量的下滑導致海運發貨量下滑，幹散貨以及原油油輪將會首當其衝。

重壓之下，行業翹首以盼政府出手打救，扭轉內地航運業低迷狀況。據內地央媒引述交通部水運局相關人士消息，由國家發改委、財政部、交通部聯合出台的關於振興航運業的「救助」方案已報國務院審批，最早將於今年十一、最遲不超過今年年底出台。該人士透露，規劃或將針對企業擬定一些臨時性政策，如制定免稅期限，而針對不同的企業，界定的程度也將不一樣。translation:china government will have a shipping sector rescue plan coming out earliest by november 2013,LATEST WILL NOT BE LATER BY END OF 2013.THE PLAN WILL INCLUDE TAX-EXEMPT,ETC.

另外，內地航運巨頭中遠集團昨日管理層發生變動，此前一直有傳言將退休的集團董事長魏家福昨日正式卸任，現任集團總經理的馬澤華接任董事長。此次人事變動未涉及上市公司，魏家福目前仍是中國遠洋(HKSE:1919.HK - 新聞 - 公司資料)董事長，待股東大會改選時才會選出新董事長。中遠集團旗下最重要的上市公司中國遠洋因連續兩年出現巨虧，其A股面臨退市風險，扭虧是新管理層當下面臨的艱巨任務。

繼昨日內地公佈製造業採購經理人指數(PMI)跌至貼近盛衰分界線後，今日內地航運股個別發展，中國遠洋暫升2.9%，報3.5元；中海集運(HKSE:2866.HK - 新聞 - 公司資料)升1.5%，報2.06元；中外運航運(HKSE:0368.HK - 新聞 - 公司資料)升1.1%，報1.88元；中遠太平洋(HKSE:1199.HK - 新聞 - 公司資料)跌0.2%，報10.06元。

-華富財經Quamnet/Jennie-

Quam News
華富財經新聞
網址 : www.quamnet.com

3)

China liberalizes bank lending rates in reform push

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Published: Friday, 19 Jul 2013 | 10:20 AM ET

By: Reuters and CNBC.com

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Tomohiro Ohsumi | Bloomberg | Getty Images

A shopper counts Chinese yuan banknotes as he shops for fruit and vegetables at a market in Shanghai, China.

China's central bank announced long-awaited interest rate reforms on Friday, removing controls on the rates banks may charge clients for loans, in a step towards more market-driven pricing of credit.
The People's Bank of China (PBOC) said in a statement on its website that it was removing its floor on lending rates for commercial banks, meaning that banks will now be able to cut rates as much as they see fit to attract borrowers.
The central bank said it hoped the move will lower financial costs for companies.

However, it did not scrap an existing ceiling on deposit rates, currently set at 110 percent of benchmark rates, which many economists see as the most important step Beijing will eventually need to take in liberalizing its interest rate regime.

"This is a big breakthrough in financial reforms. Previously people had thought the central bank would only gradually lower the floor on lending rates. Now they scrapped the floor once and for all," said Wang Jun, senior economist at China Centre for International Economic Exchanges (CCIEE).

The move, which goes into effect on Saturday, will likely lower borrowing costs for businesses and individuals, ending what many observers said had been artificially high borrowing costs that benefited big state lenders at the expense of private enterprise.

"The reform this time does not expand the floating range on deposit rates. The main consideration is that deposit rate reforms will be more profound and need higher conditions," the central bank said in a statement.

China's big lenders, which include Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China, have generally resisted the long-awaited reform as it will likely hit their margins.

But analysts say that the change is necessary for credit to be allocated more effectively in the economy.

"It's another method of easing and a form of looser monetary policy," said Joe Neighbour, a senior broker at Central Markets in London.
Robert Sinche, global strategist at Pierpoint Securities, said the change could help banks compete more effectively with the corporate bond market, which has provided an alternative source of credit for larger firms in recent years.
"For those that do borrow from banks, only 11 percent of loans in the first quarter were priced below the benchmark rate. This implies that competition between banks is unlikely to drive rates significantly lower, particularly below the previous 30 percent discount," he said.
"While this is a further step in the development of market-determined rates for loans and deposits, it appears more evolutionary than revolutionary," he added.
The fact that Premier Li Keqiang took the step after just four months in office sends a signal that he and his administration are serious about making reforms aimed at rebalancing the world's second-largest economy.

"In principle, the change could lower borrowing costs, in particular by allowing banks to offer better rates to more credit-worthy borrowers. In practice, the immediate difference will be small," Mark Williams, chief Asia economist at Capital Economics in London, said in a client note.

"Nonetheless, this is a significant development for China's financial sector in the direction of having interest rates determined by market forces rather than government fiat."

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China to scrap bank lending rate floor: CenBank

China's central bank made a low-awaited announcement on interest rate reforms, reports CNBC's Michelle Caruso-Cabrera.

However, the central bank continues differentiated lending policies for housing.

The Australian dollar rose on the news, but the Chinese yuan was largely unchanged.

Jane Foley, senior foreign-exchange strategist at Rabobank, said the Aussie dollar was on the "front-line", as a a high proportion of Australian exports go to China.
"The implication that lending rates could potentially go lower, is akin to cheaper credit and more growth, which should help Australia," she said.
"Ultimately, if it does lead to firmer growth prospects, or perhaps less worries about growth in China, then that is good for global growth. Aussie is the litmus test, but generally speaking it should help risk appetite," she added.

4)CHINA TO EXPAND RQFII TO SINGAPORE AND LONDON AND QFII BASE TO EXPAND!!

证监会祭压箱底利好 QFII额度提升至1500亿美元 2013年7月13日(2013 july 13th)09:21　证券日报　 我要参与(343)

中国证监会新闻发言人12日表示，将合格境外机构投资者(QFII)投资额度增加到1500亿美元，并将人民币合格境外机构投资者(RQFII)试点在新加坡、伦敦等地进一步拓展。对此，接受记者采访的业内人士纷纷表示，此次QFII总投资额度进一步扩大到1500亿美元，将有利于吸引更多境外长期投资机构进入，增加长期资金来源，促进资本市场改革发展。“2002年QFII制度试点实施以来，运作情况平稳，对于壮大机构投资者规模、增加长期资金来源、引入长期投资和价值投资理念、扩大资本市场对外开放发挥了积极作用。”该发言人对QFII的作用给予了充分肯定。 数据显示，近期，QFII发展明显加快。去年4月，QFII总投资额度从300亿美元增加到800亿美元，全年新批准QFII机构72家，新批准额度158.03亿美元。今年以来，新批准QFII机构22家，总数达到229家，新批准额度60.2亿美元，累计批准额度434.63亿美元，RQFII资格和额度审批基本同步，今年以来RQFII净汇入资金超过600亿元人民币。“这是一个重大利好消息，对稳定股市预期有积极意义，未来还应加大救市力度，需要多个部门齐心合力。”英大证券研究所所长李大霄接受《证券日报》记者采访时表示，这次QFII的额度增加至1500亿美元，力度非常大，表明了监管层的态度，将有利于提振市场信心。他还认为，其他部门也应该有所行动，共同稳定市场预期。“中小投资者是最重要的，在投资者信心低迷之时，监管层的行动非常重要”，国信证券总裁助理、发展研究总部总经理何诚颖接受采访时表示。2011年底推出的RQFII制度试点，为境外投资者开辟了进入境内资本市场的新渠道。去年11月，RQFII投资额度增加到2700亿元人民币。今年3月，RQFII试点扩大到香港地区金融机构，取消投资比例限制。近期签署的海峡两岸服务贸易协定，允许台资金融机构以RQFII方式投资大陆资本市场。目前，已批准37家机构RQFII资格，今年以来批准11家；批准额度1049亿元人民币，今年以来批准379亿元人民币。 分析人士指出，此次RQFII试点进一步拓展将为推动人民币离岸市场发展、扩大资本市场对外开放注入新的活力。 上述发言人还表示，下一步，中国证监会将进一步加快QFII、RQFII发展，与相关部门加强协商，完善境外投资者的资金汇出入管理、所得税政策等相关制度，吸引更多境外长期资金，促进资本市场改革发展，更好地服务于我国经济结构调整和转型升级。

A股获注强心剂QFII额度的增加以及RQFII试点的扩容不仅表明了A股市场对外开放的步伐正在加大，也表明管理层正在有意识地培养境外机构在A股市场上的力量。对于A股市场而言，这一消息是一大利好。目前A股市场正处于底部区域，管理层在此时扩大境外机构投资额度，无疑是希望通过扩大境外机构的投资群体，加大国际上比较成熟的机构投资者的介入力度，对于稳定A股市场有着比较好的示范效应。 从短期来看，这一消息将会成为市场的强心剂，从中长期来看，由于QFII主要构成为境外长期资金，其源源不断地流入将改善我国投资者结构和投资理念，起到稳定市场的作用。扩大投资额度之后，一些PE较低的大盘蓝筹股或许会成为其关注的重点。(证券日报) (责任编辑：张宏君)

20th july 2013-i will tell you my daily living habits and show you all how the rich also have commitments and choose to be self employed because i want to show the world how "loser" the majority are.

my monthly expenses

1)electricity+water+gas bill=less than 100sgd every month.(always lower than national average,my household has 3adults)

2)no aircon

3)no ipad,iphone,blah blah,only the cheapest 27sgd dinosaur handphone

4)no car,take public transport

5)go to wet market,not supermarket to buy groceries

6)eat plain bread and plain water for breakfast,sometimes oats

7)walk to orchard road by foot to window shop or read books

8)no maid at home,do all the household chores by myself

THIS IS TO SHOW HOW I,A NUS,NATIONAL UNIVERSITY OF SINGAPORE, ECONOMICS AND MATHEMATICS GRADUATE "PUNISH" MYSELF(I DONT FEEL ITS PUNISHING).I DO NOT NEED A JOB TO COMPENSATE LUXURIOUS LIVING.

YET I HAVE THE MONEY TO BUY A ORCHARD ROAD COMMERCIAL PROPERTY IN 2005,BOUGHT OVER $1M sgd WORTH OF SHIPPING STOCKS IN 2012DECEMBER TO 2013.

WHEN ONE ALWAYS BUY LOW,SELL HIGH,HE/SHE DOES NOT NEED A STABLE JOB TO "COMPENSATE" THE LENGHTY TIME FOR WRONG INVESTMENT DECISIONS.IF YOU BUY SINGAPORE PRIVATE PROPERTIES IN 1996,YOU MUST WAIT TILL 2010 TO BREAK EVEN.IF YOU BUY SINGAPORE STOCKS IN 2007,YOU MUST WAIT ANOTHER 10+YEARS TILL NEAR 2020 TO BREAK EVEN,EG.SWIBER AT $3.80,NOL AT $6+,CAPITALAND AT $9,ETC.

majority do not want to start fulltime investing in stocks because it is volatile.yes that i understand due to the low retail participation rate in singapore.but what about property?.much more singaporeans invest in property than stockmarket.EVEN THAT,not many do property investing fulltime.majority treat property OR stockmarket investments as part time SIMPLY BECAUSE OF THEIR SOPHISTICATED CONSUMPTION LIFESTYLE.IF YOU ALWAYS WANT TO REWARD YOURSELF FIRST THRU CONSUMPTION IS MORE IMPORTANT THAN SAVING,HOW ARE YOU GOING TO SURVIVE THRU THE VOLATILTY OF THE STOCKMARKET??

SHAME TO MAJORITY WORKING CLASS WHO LOVE TO BOAST OF THEIR NEWEST CAR MODEL(on loan somemore) WHEN THEIR INVESTMENT PORTFOLIO IS AS TINY AS AN ANT.

that is the reason why i do NOT want to buy a car.imagine i have to squeeze in with a bunch of "LOANERS".the more the majority crave for a product,and it is more of a show-off product than a necessity,i will shun it.the amount i have to pay for a FARKIN piece of paper to own the car FOR ONLY 10YEARS is 5 digits to even $100,000.THIS AMOUNT OF MONEY I RATHER INVEST IN MY OWN BUSINESS OR STOCKMARKET AT LOWS.

I AM MORE THAN CONTEND TO SQUEEZE IN WITH A BUNCH OF SWEATY PEOPLE IN SINGAPORE'S OVERPOPULATED PUBLIC TRANSPORT THAN WITH A BUNCH OF "CAR LOANERS".

YOU MAY THINK THE FARKING PIECE OF PAPER TO OWN A CAR,CALLED THE C.O.E-CERTIFICATE OF ENTITLEMENT REALLY DOES ITS WONDERS OF REDUCING TRAFFIC JAMS??HAHAHA.IT IS JUST FOR SHOW.JACK UP TO 5DIGITS BUT MAKE IT AFFORDABLE TO THE MAJORITY with LOANS AGAIN.THAT EXPLAINS WHY SINGAPORE TRAFFIC JAMS WILL NEVER BE ALLEVIATED.IF C.O.E IS TO REALLY LIVE UP TO ITS DUTY OF SEGREGATING THE HAVES WITH THE HAVE-NOTS,and reducing traffic congestion solely,THEN PLEASE REMOVE THE CAR LOANS ENTIRELY.

BEFORE THE SINGAPORE GOVERNMENT CRACKDOWN ON 100% CAR LOANS IN 2013,IT IS DAMN ABSURD THAT ONE DOES NOT NEED TO FORK OUT A CENT AND THE CAR IS YOURS FOR FREE(BUT WITH HIGHER MONTHLY REPAYMENT AND INTEREST)

WARREN BUFFETT ALSO LIVE SIMPLY.I FULLY RESPECT WARREN BUFFETT's MENTALITY AND HIS WAY OF LIVING.IT IS SIMPLY ME!!

THANK YOU

20th July 2013-remember my 15th may 2013 post??

15th may2013-be prepared for china cut rates soon.

TWO MONTHS LATER,19TH JULY 2013,WE GET THIS NEWS

China liberalizes bank lending rates in reform push

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Published: Friday, 19 Jul 2013 | 10:20 AM ET

By: Reuters and CNBC.com

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Tomohiro Ohsumi | Bloomberg | Getty Images

A shopper counts Chinese yuan banknotes as he shops for fruit and vegetables at a market in Shanghai, China.

China's central bank announced long-awaited interest rate reforms on Friday, removing controls on the rates banks may charge clients for loans, in a step towards more market-driven pricing of credit.
The People's Bank of China (PBOC) said in a statement on its website that it was removing its floor on lending rates for commercial banks, meaning that banks will now be able to cut rates as much as they see fit to attract borrowers.
The central bank said it hoped the move will lower financial costs for companies.

However, it did not scrap an existing ceiling on deposit rates, currently set at 110 percent of benchmark rates, which many economists see as the most important step Beijing will eventually need to take in liberalizing its interest rate regime.

"This is a big breakthrough in financial reforms. Previously people had thought the central bank would only gradually lower the floor on lending rates. Now they scrapped the floor once and for all," said Wang Jun, senior economist at China Centre for International Economic Exchanges (CCIEE).

The move, which goes into effect on Saturday, will likely lower borrowing costs for businesses and individuals, ending what many observers said had been artificially high borrowing costs that benefited big state lenders at the expense of private enterprise.

"The reform this time does not expand the floating range on deposit rates. The main consideration is that deposit rate reforms will be more profound and need higher conditions," the central bank said in a statement.

China's big lenders, which include Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China, have generally resisted the long-awaited reform as it will likely hit their margins.

But analysts say that the change is necessary for credit to be allocated more effectively in the economy.

"It's another method of easing and a form of looser monetary policy," said Joe Neighbour, a senior broker at Central Markets in London.
Robert Sinche, global strategist at Pierpoint Securities, said the change could help banks compete more effectively with the corporate bond market, which has provided an alternative source of credit for larger firms in recent years.
"For those that do borrow from banks, only 11 percent of loans in the first quarter were priced below the benchmark rate. This implies that competition between banks is unlikely to drive rates significantly lower, particularly below the previous 30 percent discount," he said.
"While this is a further step in the development of market-determined rates for loans and deposits, it appears more evolutionary than revolutionary," he added.
The fact that Premier Li Keqiang took the step after just four months in office sends a signal that he and his administration are serious about making reforms aimed at rebalancing the world's second-largest economy.

"In principle, the change could lower borrowing costs, in particular by allowing banks to offer better rates to more credit-worthy borrowers. In practice, the immediate difference will be small," Mark Williams, chief Asia economist at Capital Economics in London, said in a client note.

"Nonetheless, this is a significant development for China's financial sector in the direction of having interest rates determined by market forces rather than government fiat."

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China to scrap bank lending rate floor: CenBank

China's central bank made a low-awaited announcement on interest rate reforms, reports CNBC's Michelle Caruso-Cabrera.

However, the central bank continues differentiated lending policies for housing.

The Australian dollar rose on the news, but the Chinese yuan was largely unchanged.

Jane Foley, senior foreign-exchange strategist at Rabobank, said the Aussie dollar was on the "front-line", as a a high proportion of Australian exports go to China.
"The implication that lending rates could potentially go lower, is akin to cheaper credit and more growth, which should help Australia," she said.
"Ultimately, if it does lead to firmer growth prospects, or perhaps less worries about growth in China, then that is good for global growth. Aussie is the litmus test, but generally speaking it should help risk appetite," she added.