Hi Mist,
Yes, indeed they are treating the market as a better 'saving place' than the banks.
The banks are limited by government to 3 or 3.5% interest (not sure which figure is the right one) whilst the renmimbi is being inflated by currency creation of more than 14%/year.
ie. if in China you put your savings into the bank you lose. (Same here in Oz actually.)
So they are using the market.
Casino?
All around the world it seems.
But then life's a gamble, eh.
fwiw
dub
if the chinese market doesnt matter .., page-9
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ASX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$64.06 |
Change
0.060(0.09%) |
Mkt cap ! $12.42B | |||
| Open | High | Low | Value | Volume |
| $63.50 | $64.81 | $61.89 | $35.08M | 551.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1495 | $63.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.10 | 1005 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| ASX (ASX) Chart |