How to Judge Bull Shares
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Foreign banks tighten lending rules for China state-backed firms
Some banks are adopting stricter lending criteria for China's state-owned enterprises (SOEs), demanding collateral from some companies they used to deem as safe as government debt, as Beijing tries to reform its bloated firms and the economy slows. Singapore's DBS Group, which recently suffered a loss on a bad loan to an SOE-related firm it had assessed as risk-free, plans to launch a "decision grid" to assess the creditworthiness of SOEs, according to draft internal risk guidelines reviewed by Reuters. A banker at Taiwan's Chang Hwa Commercial Bank said that from the beginning of this year his bank would only lend to state-owned Chinese companies that provide collateral, in recognition that SOEs were no longer risk free. Such changes in policy suggest some foreign banks are preparing for a rise in defaults in the world's second-largest economy, which is growing at its slowest pace in a quarter of a century and where the government is trying to mak...
Catch Rebound By Bias
A. The share is obvious in the downtrend; B. 30 days moving average goes down, the price also goes down and far away from 30 days moving average, the share fell by more than 30% ; C. 10 days Bias is below -5 and 30 days Bias is below -15.
How to Catch Buy & Sell Point
Buy low sell high is very important in the stock market. The price always goes down when we get in while the price always goes up when we sell out, so how to achieve buy low sell high? you can know from this video.
The Report
Activity in China's factory sector contracted for a second straight month in February on unsteady exports and slowing investment, an official survey showed on Sunday, reinforcing bets that more policy loosening is needed to lift the economy. The official Purchasing Managers' Index (PMI) inched up to 49.9 in February from January's 49.8, a whisker below the 50-point level that separates growth from contraction on a monthly basis. Analysts polled by Reuters had forecast a weaker reading of 49.7. A separate official services PMI, also released on Sunday, showed growth in the sector accelerated to 53.9, up from 53.7 in January. Accounting for 48 percent of China's $10.2 trillion economy last year, the services sector has weathered the growth downturn better than factories, partly because it depends less on foreign demand. The official PMIs were released shortly after China's central bank cut interest rates late on Saturday, the latest effort to support the wo...
