Gambling on Staple Food
- Hoarding of goods blame for skyrocketing prices of garlic
- The hoarding of goods was mainly to blame for skyrocketing prices of garlic, mung bean and other farm products this year, jeopardizing the Chinese government's goal to keep the annual consumer price inflation at 3 percent in 2010.
- EU intercepts smuggled fresh Chinese garlic
- A truckload of Chinese garlic has been seized while crossing from Norway to Sweden.The unidentified truck driver was detained and 28 tons of garlic were seized on June 18, according to the European Anti-Fraud Office (OLAF).Imports of fresh Chinese garlic to the European Union are subject to a 9.6-percent ad valorem duty and, a specific amount of 1,200 euros (1,510 U.S. dollars) per ton.
- Mung bean price higher again, despite regulator's market manipulation crackdown
- The price of mung beans has jumped again, even after Chinese authorities earlier this month cracked down on traders for allegedly spreading false information designed to push the price of the commodity up.
- China to crack down on corn speculation
- Responding to the rumors that China's corn resources are dangerously low, Shang Qiangmin, director of the National Grain and Oil Trade Center, said on Aug. 19 that China does not have insufficient corn this year, and that China will resolutely crack down on corn speculation
A Gold Rush
- China produces more gold in 2010
- China's gold output in the first 11 months of last year reached 308.39 tonnes, up 25.885 tonnes or 9.16 percent year on year, according to the latest figures from the Ministry of Industry and Information Technology (MIIT).
- Gold investment in China skyrockets in 2010
- During the global financial crisis in 2008, gold was highly sought after as a safe haven asset amid the financial turmoil. International gold prices topped 900 U.S. dollars per ounce, and then broke 1,000 U.S. per ounce dollars in 2009.
- Gold, silver prices to keep soaring
- Gold and silver prices on the international market have both hit record highs this week. The market expects that their robust rise could continue for some time in the future due to the euro zone debt crisis and the concern over excessive liquidity triggered by the U.S. Fed’s quantitative easing measures, which pumping enormous money into its economy.
A Dual Trap in A-Share and Wall Street?
- China's stock capitalization overtakes Japan as world's No.2
- About 350 companies debuted on the Mainland's A-share markets last year. They raised a total of 476.8 billion yuan through initial public fferings.But China's A-share market recorded one of the worst performance in major world capital markets in 2010.
- Doubts among US-listed Chinese firms prompt planned exodus
- U.S.-listed Chinese companies are suffering from growing doubts on the market and from the public after two NASDAQ-listed Chinese firms were de-listed and an audit firm was fined for "improper professional conduct" in connection with a Chinese company accused of fraud.
- More global Chinese IPOs
- Chinese IPOs in global markets will likely raise more than $300 billion by the end of the year, topping worldwide IPO fundraising in terms of the number of deals and the proceeds raised, Ernst &Young said.
- Chinese antiques a new cash cow for speculators
- Lately, Chinese antiques have been attracting huge amounts of speculative capital. However, to secure returns in the future, the special characteristics of this new target call for more considerations than simply the monetary value.
- China authorizes PE fund trading, opening new channel for investors
- Currently in China, over 80 percent of PE investment projects cash out via IPO.China's PE investments took off in 1998. In the first half of 2010, domestic PE funds raised $19.03 billion, exceeding 2009's total volume.
Building Housing or Building Bubbles?
- Private equity firms cash in on property of China's aging population
- For giant players in the capital market, China's gray hairs present a golden opportunity.There was a huge market potential for collateralized annuities, also known as a housing reserve mortgage, which means the elderly get loans from an insurance company with their property as collateral.
- China's property market in 'big bubble'
- The housing market in this country is in a "very big bubble" that may last until the central bank increases interest rates and Beijing introduces a real-estate tax, The Bloomberg News quoted StarRock Investment Management.
- Cities see a new spike in real estate bubble
- China's top think tank has said that the country's real estate bubble has soared in urban areas, with the biggest gap between market price and actual value in Fuzhou, capital of East China's Fujian province.
- Academy says China's housing prices are 30 pct overpriced
- New homes in major Chinese mainland cities are on average about 30 percent overpriced."We should probably pay more of our attention to its possible influence on central government's future decision making."