2. China Life (2628/LFC) HK$41.1 BUY
3. China Construction Bank (0939) HK$8.97 BUY
4. Total SA (TOT) US$61.64 HOLD
5. Shiu On Land (0272) HK$7.4 STRONG BUY
- China increased bank reserve ratio by 50 bps to 18.5%, historical highest & reduce next year’s borrowing target for big 4 banks, which will reduce R$350B credit flow in market. These are some softer policies to cool down the “hot” money, although it may hurt the potential growth of the bank sector – whose profit rely heavily on borrowing & deposit, on the other hand, it will lower the credit risk and decelerate the growth of the financial “bubble”
- I really upset & disappointed about the way China government handle with 趙連海, I don’t understand why, it is not political and if this (I mean if) is merely a civil case towards a corporation, and if the government don’t want to pay the compensation to all babies who got sick, that’s easy, just let 3 6 went bankrupt and re-open again 3 6 with the same management team few years later (of course, this is not ethical too). The government just don’t need to do such thing, it hurt everyone’s trust to China’s legal system and its political image in short term and if China continue this way, economy is everything and it is nothing, it will just lead the entire country, our nation, our home land, towards death. 趙連海 is really one of the righteous person in this injustice society, someone I should learn from (although I really don’t want to end up in jail) not just fighting for the rights on behave of his baby kid, but for the poor girl who got raped publicly in police station (make me think of the story in bible – judge c19-21).
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