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頗懷疑這時候放出金融穩定法風聲,是為了接下來的違約潮與更嚴苛的資金管制做準備。前者可能是不認帳或轉移損失,後者可能是將各方面資金限制檯面化降低流動。

"中國銀行央行副行長劉桂平也在3月的1篇文章敦促改革,他指出,中國的金融規則過於分散,可以借鑑美國的《多德—弗蘭克法案》及其他主要經濟體的金融改革經驗。劉桂平認為,中國需要一致的金融穩定法。

劉桂平已向全國人大呈交提案,並建議在條件成熟時盡快出台。但北京威諾律師事務所合夥人Yang Zhaoquan指出,完成這項法案可能得花上3到5年的時間,他稱,由於風險事件接連出現,不僅損害市場,還波及金融及社會穩定性,因此迫切需要更多且強大法律工具。

《彭博》指出,像共產黨這樣執著於「掌控」的政府,在監管金融機構的行為似乎不太一致,一方面是疏忽對華融的監管,導致該公司爆發財務危機,一方面卻又警告像螞蟻集團這樣的公司影響力過大。"

ec.ltn.com.tw/article/breaking

三個月後的新進展是由中信中保信達三家投入戰略資本挺住華融不倒:

【Huarong said five state-owned financial firms, including Citic Group, fellow bad-debt manager China Cinda Asset Management and an investment unit of China Life Insurance Co. , have signed an agreement to purchase newly issued shares, though it didn’t detail how much capital they planned to contribute.

Huarong added that if the investment takes place, “it will effectively replenish the company’s capital, further consolidate the company’s foundation for sustainable operations and ensure that the company meets regulatory requirements.”

The company also said in a post on a Chinese social-media account that it isn’t planning a debt restructuring, suggesting that bondholders won’t be forced to take losses. It said it had paid off the equivalent of $9.8 billion in bonds since April 1, adding that it expects to fulfill its coming debt obligations.】

wsj.com/articles/chinese-bad-d

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好唷,不准看空市場的政策,這是打算替違約潮吹號角嗎? :blobcatdrums:

“國家網信辦27日晚間發布的新聞稿指出,一段時期以來,部分商業網站平台及其「自媒體」帳號屢屢發生違規發布財經新聞、歪曲解讀經濟政策、唱衰唱空金融市場、充當「黑嘴」博人眼球、造謠傳謠、敲詐勒索等違法違規行為,嚴重擾亂網絡傳播秩序,網民反映強烈。”

udn.com/news/story/7333/570543

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VOA詳細介紹了中財辦新傀儡:

“中国政府今年要面对的、很严峻的挑战就是失业、外资、外贸,包括出口、投资、就业,这个其实是绑在一起的,那这个东西不解决,它政权的稳定性,基础其实就不存在,但是同时他(习近平)又要维持他(左倾)路线的一贯性。我认为,甚至到2024、2025年之前,他的左的路线会停留在政策宣示,但是他有没有条件实行所谓的左的路线,显然是没有。”

voachinese.com/a/7340905.html

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咦? 中國金融系統上月月底居然發生這種穿透瑞士乳酪風險事件嗎?

"路透社報導,今年10月31日時,中國銀行體系在月末對現金的例行需求,如滾雪球般地發展成爭奪戰,在某些情況下,短期融資利率被推高至50%。目前官方正在調查這起事件。

報導引述多名知情的市場人士指出,多個因素同時發生,造成這個事件,包含「經常性的月末流動性需求」、「大規模政府債券拋售之前需要準備的現金」,以及「為了避免人民幣貶值,各大銀行被命令不得大張旗鼓地放貸」。"

cna.com.tw/news/acn/2023110702

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有些懷疑紐時沒說的言外之意是擔心房地產交叉違約拖垮金融業的情況可能發生在一帶一路借貸國違約拖累到中國金主本身?...

"The fund released a summary of its annual assessment of the Chinese economy and financial system. It called for China to allow battered developers with no chance of turning themselves around to exit the industry. China has allowed developers that are effectively insolvent to stay in business, a practice that can impede the sector’s recovery.

IMF發布了對中國經濟和金融體系的年度評估摘要。該組織呼籲中國允許遭受重創、沒有可能改善經營情況的開發商退出這個行業。中國讓已經資不抵債的開發商繼續經營的做法可能會阻礙房地產行業的復甦。"

cn.nytimes.com/business/202311

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小翠這集看得更悲觀,認為中國可能出現大量印鈔補流動性缺口的作為:

youtu.be/JOlKyBY_Chs?si=WevhwH

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從小翠這集提供的十月數據看,中國內部經濟很不妙啊....

youtu.be/q-7h8_g47QI?t=189

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找到小翠提到的這篇魏傑提到中國債務餘額與GDP比例的講座內容數據:

"第二個指標宏觀負債率,這個指標可能要調整,宏觀負債率是指政府、企業、個人共同負債,占GDP的比例,整個社會的杠杆率和負債率, 我們叫宏觀負債率。原來有一個不成文的規定,宏觀負債率上限是250%左右,一直是堅持的上限,國務院好多政策決定都以這個為指標,比如2014年到2016年當時比較鬆動,債放的比較多, 2016年年底宏觀負債率到270%,2017年國務院提出指標去杠杆,把負債降下來, 2018年結構性去杠杆,誰的杠杆率高去誰的杠杆, 2019年提出穩杠杆, 2019年6月份到了 250%左右,基本用這個來調整政策。現在很明顯這個指標好像也不行了,因為今年9月份我們的負債已經超過了這個指標了, 9月份我們政府負債是52萬億,個人負債是77萬億,企業負債204萬億,金融機構負載是 80 萬億, 總共340多萬億,去年經濟總量是120 萬億,這個負債率實際總量差不多350%左右,現在已經飆升了350%左右,我們還會缺錢,我估計明年國務院會調高這個指標,可能把宏觀負債率放到350%左右,原因是經濟下滑還需要錢,這個杠杆率還得適當的放寬。現在企業投資起不來的原因是缺錢,明年兩個重要的指標會做重大調整,一個是赤字率會提高到 40%上限,宏觀負債率提高到 350%左右,標誌著要放水了。中國貨幣的貶值是必然的,往哪一方面貶的問題。通脹率太的問題不大,資產掉格調比是必然的,房價的回落是必然的,因為這是經濟規律,一放水資產價格一定會落,明年可能圍繞保證經濟投資方麵的資金需求會調整我們一直堅持的杠杆率的兩個指標,一個是赤字率,一個是宏觀負債率,大家對這次啟動經濟帶來的未來後果要有一個思想準備。"

zh.wenxuecity.com/myblog/24917

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小翠特別從銀行放貸實務手法戳破了王石談中國不動產泡沫的樂觀說法:

youtu.be/GJ9GugmT98Y

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中國巨型企業遭遇國有化威脅的同時, 逃過倒閉潮的倖存小型企業則面臨金流不足的危機.

"Close to 19% of China’s small businesses shut down last year, compared with 6.7% in 2019, according to a study released in March by Tsinghua University involving more than 50,000 companies nationwide."

"While the insolvency rate is expected to be better this year, many companies still face serious cash-flow constraints. A survey of more than 10,000 small businesses released in March by Peking University and Ant Group Co. found that 15% have sufficient cash flow to sustain operations for six months or longer, down from 19% in the third quarter of 2020, though some expect revenue to pick up as the year progresses."

wsj.com/articles/for-chinas-sm

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螞蟻這種鉅企都讓外資股東面臨相當風險了,遑論其他。

"The global investors, which also included private-equity firms, sovereign-wealth funds and pension plans, were on the cusp of reaping a massive windfall last fall. Now, it is far from certain that those investors will end up making a profit and they can’t easily sell their investments until the company revives its plans to go public again, which could be years away. "

wsj.com/articles/fidelity-halv

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螞蟻這隻金雞母被取卵後的損傷統計:

[ For the quarter ended in March, Alibaba’s net loss attributable to ordinary shareholders was 5.5 billion yuan, equivalent to $836 million, compared with a net income of 3.2 billion yuan in the same period a year earlier. Its sales rose 64% to 187.4 billion yuan, equivalent to about $28.6 billion, beating analyst expectations.

In April, China’s State Administration for Market Regulation levied a $2.8 billion fine against Alibaba, equal to 4% of the company’s domestic annual sales. The regulator said its investigation, launched in December, found that the company punished certain merchants who sold goods both on Alibaba and on rival platforms, a practice known as “er xuan yi”—literally, “choose one out of two.”]

wsj.com/articles/alibaba-logs-

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佔前兩年比特幣挖礦逾六成的中國要禁掉這條洗錢通道了:

"根據公告,中國金融機構、支付機構等會員單位,將不得使用虛擬貨幣為產品和服務定價,不得承保與虛擬貨幣相關的保險業務或將虛擬貨幣納入保險責任範圍,不得直接或間接為客戶提供其他與虛擬貨幣相關的服務,如註冊、交易、清算、結算等。

該公告還呼籲消費者加強風險意識,樹立正確的投資觀念,不參與加密貨幣炒作活動,以防個人財產及權益受損。3家協會也將加強對會員單位的自律監督,若有發現違規,將依法採取通報、暫停會員權利、取消會員資格等處分措施,並向金融管理部門報告,若涉嫌違法犯罪,有關線索將移送公安機關。"

ec.ltn.com.tw/article/breaking

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怎麼甚麼都用舉報解決...

"《金融時報》披露,內蒙古稱,可能會安排電話熱線,個人可以舉報可疑的礦工,作為「全面清理和關閉」挖礦行動的一部分。

報導稱,中國對加密貨幣的監管方法在近幾個月來成本激增,比其他國家更為極端,為此,內蒙古自治區發改委發布,全面清理關停虛擬貨幣「挖礦」專案。自治區能耗雙控應急指揮部辦公室特設立虛擬貨幣「挖礦」企業舉報平臺,全面受理關於虛擬貨幣「挖礦」企業問題舉報。"

ec.ltn.com.tw/article/breaking

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一個月後還是得找底下的來堵破洞。

"近日人行有關部門就提供加密貨幣交易炒作提供服務的問題,約談工商銀行、農業銀行、建設銀行、郵儲銀行、興業銀行和支付寶等業者。"

cna.com.tw/news/acn/2021062102

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"中國人民銀行出手打壓, 比特幣應聲大跌. 中國除了力推人民幣數位化, 對去中心的, 不具名的數位虛擬幣, 更是戒慎恐懼.

跨界思考家范疇指出, 中美金融貨幣戰爭的嚴肅性, 遠大於真槍實彈的軍事戰爭. 而美國帶頭的產業鏈去中國化, 疫苗外交之爭, 加上外商和民間企業. 不再輕易落入中國「套養殺」的陷阱, 日本產經新聞台北支局長矢板明夫就挑明點出, 中國經濟四大馬達都熄火了, 前景很不樂觀。"

youtube.com/watch?v=jnsHR4az37

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"《彭博》報導,戴加祐週二在巴黎的1場活動中表示,風險在於歐洲不僅在加強歐元國際作用的方面失去動力,甚至連維護歐元都會有困難,並說數位人民幣的挑戰同時也是地緣政治問題。

戴加祐提到所謂的「三角風險」,除了歐洲以外的央行數位貨幣,另2項為現金使用減少、加密資產興起。

戴加祐敦促歐洲的政策制定者迅速行動,與中國採取同等努力、找尋更具創新性的支付方案,ECB必須研究不管是批發或通用形式的潛在數位歐元,尤其後者對跨境交易非常重要。「否則我們的貨幣主權可能會受到侵蝕,這是無法容忍的。」"

ec.ltn.com.tw/article/breaking

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鄭州災後無電無法交易窘況也許無法阻止數位人民幣的全面施行, 但找出其他通貨作為支付預備可能會是韭菜們的現實解決方式, 無論那個取代的通貨是香菸還是白酒.

"While the 16-page document didn’t mention Alipay and WeChat Pay by name, it noted the dwindling use of cash in China—a result of the two networks’ dominance. Since Alipay pioneered digital payments more than a decade ago, followed by WeChat, the population has come to rely heavily on mobile payments, all but abandoning cash in some big cities."

wsj.com/articles/chinas-digita

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很含糊又低調的說明貨幣政策:

"China will improve eCNY's privacy protection and anti-counterfeiting feature and increase its interoperability with existing payments tools, Yi said."

"Yi also said eCNY aims to meet the need of domestic retail payments as cross-border digital payments involve more complicated issues, such as anti-money laundering."

news.yahoo.com/china-advance-c

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彭博的親中傾向最近明顯收斂些了~

"對習近平而言,夢魘般的情況就是走上日本老路。日本也曾被譽為美國潛在的挑戰者,卻在30年前一蹶不振。若改革失敗、國際孤立、金融危機等因素結合爆發,中國可能沒還沒攻破山頭,就得被迫止步。

還有一種很對懷疑論者胃口的可能性:如果中國官方國內生產毛額(GDP)數據誇大,全球第1和第2大經濟體的差距可能比表面看起來更大,縮小的步伐也會更慢。

長期來看,3個因素決定了經濟成長速度,其一是勞動力規模,其二是資本存量,最後是生產力,或者也可以從前兩者結合的效率來觀察。

而在這3個領域,中國都面臨著不確定的未來。"

cna.com.tw/news/aopl/202107073

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有這能耐的官員感覺屈指可數很容易對號入座:

"The indictment, unsealed Tuesday, is the third Mr. Bankman-Fried has faced since the collapse of the crypto exchange. It alleges that in 2021 he authorized bribing one or more Chinese government officials with at least $40 million in cryptocurrency to regain access to accounts that the country’s law enforcement had frozen as part of a continuing investigation into a party that traded with his crypto-investment firm, Alameda Research.

The accounts, held with two of China’s largest cryptocurrency exchanges, contained more than $1 billion in cryptocurrency, according to the indictment."

wsj.com/articles/ftx-founder-s

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幣安接下來的處理重點就是與米國SEC達成和解吧?

"The deal announced Tuesday doesn’t include a settlement with the Securities and Exchange Commission, which sued Binance and Zhao in June and alleged it violated U.S. investor-protection laws, the people said. Major crypto exchanges such as Binance have decided to litigate with the SEC, believing they can show that cryptocurrencies don’t qualify as the kinds of investments overseen by the SEC.

上述人士說,周二宣布的協議不包括與美國證券交易委員會(Securities and Exchange Commission, 簡稱SEC)的和解,後者在今年6月起訴幣安和趙長鵬,指控其違反了美國投資者保護法。幣安等大型加密貨幣交易所已決定與SEC打官司,認為它們可以證明加密貨幣並非歸SEC監管的那類投資。"

cn.wsj.com/articles/%e5%b9%a3%

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難怪會被罰43億美金啊...

"美國財政部長葉倫(Janet Yellen)在聲明表示,幣安讓不肖人士從事超過10萬次交易,用以支持恐怖主義和販毒等非法活動。此外,幣安放行的虛擬貨幣交易中,違反美國制裁措施的有高達150多萬筆。

葉倫在聲明中說,幣安同時允許與哈瑪斯(Hamas)武裝支翼艾茲丁.卡薩姆旅(Al-Qassam Brigades)、巴勒斯坦伊斯蘭聖戰組織(Islamic Jihad)、蓋達(al-Qaida)與伊斯蘭國(IS)等恐怖組織相關的交易,並直指幣安「從未提交過任何可疑活動報告」。

根據幣安和美國財政部轄下「金融犯罪執法網絡」(FinCEN)之間的92頁合意令內容,財政部指稱這家全球最大加密貨幣交易所「甚至發展出一個程序,一旦VIP用戶成為執法人員調查對象時,就會向這些用戶寄發通知」。"

cna.com.tw/news/aopl/202311230

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"Over a five-year investigation, U.S. authorities tracked Zhao while he hopped from country to country in an effort to keep Binance beyond their reach. First it was China, then Japan and Singapore, next a stint pretending to operate Binance from Malta, until finally he ended up in the U.A.E.

在一項跨越五年的調查期間,美國有關部門在趙長鵬輾轉於一個又一個國家、試圖讓幣安不受它們鉗制的過程中對他進行了追蹤。首先是中國,然後是日本和新加坡,接著趙長鵬曾做出從馬耳他運營幣安的樣子,最後他到了阿聯酋。"

cn.wsj.com/articles/%E5%B9%A3%

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紐時這篇報導捕捉到了阿聯酋與中國透過來歷不明的肖鵬從間諜軟體到疫苗生產的跨境合作:

"Mr. Xiao has been a part of Sheikh Tahnoon’s ventures for some time, and several of the past partnerships have set off alarms within American spy agencies.

肖鵬參與謝赫塔赫努恩的企業經營已有一段時間,他們過去的多次合作已經引起了美國間諜機構的警覺。"

"Four years ago, a firm led by Mr. Xiao had a hand in the operation of a social media app, ToTok, that American intelligence agencies identified as a spy tool that the Emirati government was using to track the movements and conversations of its users. Chinese engineers helped create the app.

四年前,肖鵬管理的一家公司參與了社群媒體應用Totok的運營,美國情報機構認定該應用是間諜工具,阿聯酋政府利用其追蹤用戶的行為和對話。中國工程師協助了這款應用的開發。"

cn.nytimes.com/usa/20231128/ai

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沙烏地阿拉伯的創投基金也被CFIUS注意到:

"據報導,美國正在加強對中東財富基金活動的審查,部分原因是逐步抵制與中國關係密切的實體。上個月,中國甫與沙國簽署價值約七十億美元的雙邊本幣互換協議。沙國在設法吸引中國科技企業之際,沙美公司仍對中國能源產業投資數十億美元。基金規模達十億美元的Prosperity7拋售股權之所以受矚,是因為白宮採取行動遏阻中國掌握技術優勢,尤其是半導體產業,包括AI。"

news.ltn.com.tw/news/world/pap

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中國加密貨幣交易規模驚人:

"Chinese traders received a net $86 billion of cash from cryptocurrency activity between July 2022 and June 2023, according to the blockchain-analytics company Chainalysis. In a single month last year, they were responsible for around $90 billion of trading on Binance, the world’s largest crypto exchange."

wsj.com/world/china/laundromat

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外媒注意到了中國監管機構對數據庫應用獲利的壓縮與鼓勵舉報的政策:

"The admonitions have so far stopped short of demanding complete corporate overhauls, other than for Ant. For some companies, placating Chinese authorities is a matter of tweaking some app features, while others could suffer more if much of their profits rely on data collection and sharing, according to employees of five of the app companies targeted by regulators last month."

wsj.com/articles/chinas-tech-c

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法院認證的用戶數據外洩:

"《彭博》報導,1家幫助淘寶賣家的營銷顧問公司,其1名員工自2019年以來私下抓取了超過10億個包括用戶名和電話號碼在內的敏感用戶數據,用於為其他客戶提供服務。"

ec.ltn.com.tw/article/breaking

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再次以數據為藉口的打擊數位產業:

"On Monday, China’s Cybersecurity Review Office, which falls under the Cyberspace Administration of China, said it launched a data-security probe into the apps Yunmanman, Huochebang and Boss Zhipin. It said the review is aimed at preventing national data security risks, maintaining national security and protecting public interests."

wsj.com/articles/chinese-unit-

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再次證明外資撤離香港是正確決定~

"The Didi probe is the first publicized by China’s Cybersecurity Review Office, a unit under the internet watchdog. According to measures which came into effect a year ago, companies under review should receive initial results within 45 days, except in complicated cases."

wsj.com/articles/chinas-intern

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🤷‍♀️🤷‍♀️🤷‍♀️~

“這封日期為6月25日的信函,由設於新加坡的亞洲互聯網聯盟(Asia Internet Coalition)發出。這個聯盟由臉書、谷歌和推特等網路平台業者和主要科技公司組成。

華爾街日報報導,信中表示:「科技企業要避免遭受這些懲罰的唯一途徑,就是不要在香港進行投資和提供服務。」”

cna.com.tw/news/firstnews/2021

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外資的自由市場邏輯與中共的壟斷市場邏輯無法在香港並存。

"While Hong Kong’s population of about 7.5 million means it isn’t a major market in terms of its user base, foreign firms often cite the free flow of information in Hong Kong as a key factor for being located in the financial hub."

wsj.com/articles/facebook-twit

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翻白眼~

"上海東亞研究所助理所長包承柯告訴中央社記者,在「實名制」的時代,中國的手機儲存個人消費、健康等個資,手機的資訊就等於一個人完整的數據;而成千上萬條數據結合起來,就是一個地區完整的訊息,「當然涉及國家安全」。

而滴滴所持有的高精度地圖,和「運滿滿」、「貨車幫」母公司「滿幫集團」擁有的交通及物流訊息,也被視為高度敏感的數據。"

cna.com.tw/news/firstnews/2021

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強硬干涉讓資本再度放大中國政治風險影響而傾向脫鉤:

"Also top of mind for IPO bankers and investors who own U.S.-listed shares of Chinese companies is whether the new guidelines out of China are only about data, or if they represent a sea change from the country that could lead to companies pulling potential U.S. listings.

Either way, a freeze of the Chinese IPO pipeline seems to be the current state of play: Bankers say any Chinese company that was planning a U.S.-listed IPO in the coming months is likely being shelved for now."

"Both Beijing and Washington have long seen economic engagement as the cornerstone of the two countries’ ties. But the relationship has become so unpredictable over the years that even the drive to make money in each other’s markets no longer works as a unifier."

wsj.com/articles/china-to-revi

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很多人應該會懷念最後那波繁榮光景吧....

"From 2019 to 2022, Western banks played a big role in a flurry of so-called “homecoming listings” of Alibaba and other tech companies that also sold shares in Hong Kong. They also helped dozens of Chinese banks, property developers, manufacturers and retailers sell more than $700 billion worth of U.S. dollar corporate bonds over the past five years. "

wsj.com/finance/china-deal-slu

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"為何要促使市場有效競爭?首要理由在於,有效競爭等於是在鼓勵創新。

從需求面來看,如果需求固定,競爭必須互相取代,好比在「紅海」內自相殘殺(cannabilization)。創新則因為創造出新的品味或需求,有如開拓新「藍海」,可避免重疊;就供給面而言,創新等於是藉由更有效率的生產方式來降低成本,而且得以服務更多的消費者,因為更多的消費者得以享受原先付不起的消費。

其次,因為生產性或經濟資源有限(稀少性),人們最好還是透過市場競爭來爭取資源,這對整體社會的財富創造比較有利。不然的話就必須藉由政治運作或親疏關係等途徑來從事資源分配,非但沒有效率,而且難以預測。

尋租或競租行為(rent-seeking),講的就是這種浪費社會資源的現象。好比為了職位升遷,大家都拼命送禮給長官,這些送禮行為本身沒有為整體社會貢獻任何產值,也就不具生產力。"

ctee.com.tw/bookstore/selectio

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“不要讓韌性或堅韌只成為形容詞,應進一步發展成適合台灣情況並可操作、執行的內容與目標。國防或國家安全當然仍是第一要務,但也必須高度留意是否因為重視這些基本生存問題,以致忽略其他國家目標與價值。此即國家韌性,並和公部門是否具有效率,特別是有無完成原先組織設置的目的密切相關,尤其是攸關經濟治理與管制機關(暱稱人民權益的看門狗/Watchdogs)的效能是否強大最為關鍵,例如競爭法機關。

為什麼呢?因為這些政府組織和經貿、財稅、國發等部門不一樣,通常不是站在第一線,向來並不會受到太多關注,其績效與表現更容易因為整個社會的注意力放在國安上面而被忽略。偏偏在數位時代,管制機關的重要性無以倫比。主要理由在於,數位平台經濟及其所衍生的公平競爭、隱私與詐騙(大數據)、消費者權益等三大問題,已逐漸成為經濟發展和人民權益保障的核心。可惜台灣的管制機關或因為陷入「管制會影響發展的迷思」(兩者實為互補),或面對新興議題面面相覷不知所措(源於價值目標模糊),普遍缺乏能動性(agency) 。”

talk.ltn.com.tw/article/paper/

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軟銀孫正義之類的國際投資人再度中槍...

" The sudden regulatory actions, which surprised investors in coming just days after the company’s IPO, suggested that protecting national security trumps Beijing’s ambitions for Chinese corporations to go global. One upshot: Beijing is unlikely to hold fire even if its regulatory moves risk the ability of Chinese firms to court international investors. "

wsj.com/articles/chinese-regul

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不曉得要用幾折價脫手給CCP?

"《彭博》報導,Alicia Yap 等花旗集團分析師在報告中指出,日本軟銀在阿里巴巴 IPO 之前就押注,因此很大一部分持股未登記為 ADS。花旗計算,軟銀持有阿里巴巴 53.9 億股普通股,相當於 6.7376 億股 ADS,即 24.8% 的股份。

近期,阿里巴巴向美國證券交易委員會提交文件,顯示登記了 10 億份之前未登記的ADS,花旗認為,這意味著軟銀可能計畫拋售部分持股。"

ec.ltn.com.tw/article/breaking

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難怪阿共沒理會阿九馬,因為他們正在忙將縮水到四分之一的阿里馬大卸六塊⋯

“Under the restructuring, Alibaba’s various businesses will be split up into six major areas: cloud computing, Chinese e-commerce, global e-commerce, digital mapping and food delivery, logistics, and media and entertainment, the company said Tuesday.”

wsj.com/articles/alibaba-to-sp

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買美股是趁低點撿便宜,買港股則趁機賣個好:

"The purchase sizes aren’t huge — Alibaba’s market capitalization is about $171 billion — but given who is buying, they are likely to be closely followed by investors and policymakers. Alibaba itself bought back $9.5 billion worth of stock last year, reducing its share count by over 3 percent.

這些增持的規模並不大——阿里市值約為1710億美元——但因為身份的特殊性,他們可能會受到投資者和政策制定者的密切關注。阿里去年回購了95億美元股票,使其流通股數量減少超過3%。"

cn.nytimes.com/business/202401

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一年後終於賣掉八成五的股份啦?...

"「金融時報」分析軟銀提交給美國證券管理委員會(SEC)的文件指出,遠期銷售顯示,軟銀對阿里巴巴持股最終會降至僅3.8%。"

cna.com.tw/news/aopl/202304130

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"《彭博》報導,根據港府統計處數據,截至今年6月1日,共有254家美企設駐港地區總部,去年同期為282家,相當於年減10%,是自2003年以來最低,當年的數字為242家。

這些數據也顯示出,中國去年起實施的國安法,正影響香港的國際業務,北京正改變香港過往吸引外資的法治體系。與此同時,中國企業駐港總部數量持續上升,年增約6%至252家,直逼美資公司數量,美中企業分別佔總額17.4%、17.3%。"

ec.ltn.com.tw/article/breaking

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專政之下無兩制:

"其中第13條規定,數據處理者從事以下活動,應當按照官方有關規定,申報網路安全審查:包括匯聚掌握大量有關國家安全、經濟發展、公共利益的數據資源的網路平台營運商,在實施合併、重組、分立時,可能影響國家安全;處理100萬人以上個人資料的數據處理者,赴國外上市時;數據處理者赴香港上市時,可能影響國家安全。

此外,大型聯路平台營運商在境外設立總部或運營中心、研發中心時,應當向中國網信部門和主管部門報告。"

news.ltn.com.tw/news/world/pap

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不管是京股還是港股,表現都慘兮兮...

"《彭博》數據顯示,今年在募資至少1億美元的企業中,其IPO價格在香港平均下跌近20%。相較之下南韓IPO價格平均上漲近40%、印度則是漲32%。

香港市場最初受到低廉資金和充裕現金帶動IPO熱潮,近期逐漸降溫。雖然今年上半年收益年成長飆升130%,但隨後的幾個月內,受到中國對多個產業的打擊,幾乎沒有大筆的交易出現。"

ec.ltn.com.tw/article/breaking

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壟斷數據資產的政策觀(被資產化的韭菜數據流只能是滋養黨的電流) 與進一步截斷大額資金外流管道(監管境外可變利益實體的企圖)

"In essence, the law shows that such digital records should be considered a national asset, which can be tapped or restricted according to the state’s needs."

"... the cyberspace administration is also working with China’s top securities regulator and other ministries in revising longstanding rules governing so-called variable interest entities, the people say. Such corporate structures, known as VIEs, have enabled foreign investors to buy into Chinese companies in technology and other sensitive sectors without outright owning voting shares in these firms.

.... One option being considered by the regulators is to require companies using the VIE structure to seek regulatory approval before selling shares in foreign markets "

wsj.com/articles/chinas-cyber-

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滴滴被下架的後續影響:

"Bytedance, whose shareholders include Sequoia Capital and KKR & Co., is one of the world’s most valuable startups. Unlike Didi, which had chalked up losses for years, Bytedance’s financials meant it didn’t have to hurry to list, "

wsj.com/articles/bytedance-she

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一頭霧水:這個罰款金額與要求騰訊放棄的權利根本不成比例啊。

“根據《CNBC》報導,中國反壟斷監管機構向騰訊下令,要求放棄旗下的國際唱片公司獨家音樂許可權,並向騰訊罰款。

外媒消息指出,國家市場監督管理總局(SAMR)24日以「騰訊違規收購中國音樂」,對騰訊處以50萬元人民幣(約216萬台幣)的罰款。”

is.gd/OBmEJV

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@Perfume 让我想起上次15年股灾公安部救市

@JamesMo 特別上維基查了2015年股災條目,也是傻眼⋯

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