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iShares MSCI Hong Kong ETF (EWH)

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  • Feb. 18, 2012, 7:28 AM
    The PBOC cuts bank reserve ratio requirements by 50 basis points to 20.5%, effective February 24, reports the WSJ. It's the second easing of policy in less than 90 days.
  • Feb. 16, 2012, 9:15 AM
    Shadow banking is a hot new business in Hong Kong, the industry getting popular as traditional credit dries up just a bit. Listed firms in industries such as HR outsourcing, weight-loss, and energy technology have decided its easier to make money lending, and are setting up operations to take advantage of rates pushing 50% per year.
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  • Feb. 13, 2012, 12:24 PM
    Lending (more or less state-directed) is the Chinese equivalent of U.S. deficit spending, says Warren Mosler, who believes a 28% Y/Y decline in bank lending in January is less about the New Year holiday and more to do with Beijing remaining in "inflation fighting" mode.
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  • Feb. 13, 2012, 10:23 AM
    Chinese inflation, which surprised forecasters by jumping to 4.5% in January, could print as low at 3% this month, according to Zhou Wangjun of the NDRC. As his title is senior official in charge of pricing, he may be worth paying attention to.
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  • Feb. 13, 2012, 1:48 AM
    Hong Kong's economy could shrink this quarter if exports fail to pick up, warns Financial Secretary John Tsang, adding he expects a "difficult" year ahead for the global economy. Tsang pledged HK$80B ($10.3B) to boost growth in the coming fiscal year.
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  • Feb. 10, 2012, 8:57 AM
    New lending by Chinese banks rose $117B in January against expectations for a bump of $158B. Again (earlier dive in imports, other weak Jan. data), the unusual timing of the New Year holiday is being tagged as the reason. The M2 money supply expanded 12.4% Y/Y in January, the slowest pace in a decade. It couldn't be an economy sharply slowing, could it?
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  • Feb. 10, 2012, 2:29 AM
    China's imports fell 15.3% Y/Y in January, much more than the 3.6% drop economists had expected, while exports decreased 0.5%, widening the trade surplus to a six-month high of $27.3B. It's unclear whether this is an indication of a slowdown in demand, as a week-long holiday disrupted trade and may have distorted the data.
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  • Feb. 9, 2012, 2:02 AM
    China's consumer prices rose 4.5% in January from a year earlier, vs. expectations of +4%, though the figure is somewhat distorted because of a week-long holiday. The unexpected acceleration in inflation puts pressure on officials to hold back on any immediate additional cut in banks’ reserve requirements.
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  • Feb. 8, 2012, 9:32 AM
    Attributing the sharp drop (7.5% Y/Y) in January power consumption in China to the New Year, seems a stretch, say Nomura analysts. It's the first decline outside of an outright crisis on record, an "alarming fall" that signals a concurring drop in industrial production.
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  • Feb. 6, 2012, 8:24 AM
    Given Beijing's belief 8% growth is the minimum necessary to stave of social instability, the IMF urges China to have a "significant fiscal package" at the ready after cutting ts GDP growth forecast for the country to 8.2% from 9%, and opining the number could fall to near 4% should Europe tip the world economy into recession. (full report)
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  • Feb. 6, 2012, 6:50 AM
    Noruma economist Rob Subbaraman tips off that although the China Stress Index still points to a 1-in-3 chance for a hard landing, his firm thinks it's less likely to happen. "Overall, the unwillingness to ease macro policies aggressively despite slowing GDP growth seems to be starting to pay dividends in lessening longer-term macro risks."
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  • Feb. 6, 2012, 5:04 AM
    As if to underline Wen Jiabao's exhortations to his countrymen that China needs to help the EU, the IMF warns its growth could be half of the fund's 8.2% projection for this year should Europe’s debt crisis worsen. "However, a track record of fiscal discipline has given China ample room to respond," the IMF says.
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  • Feb. 3, 2012, 9:44 AM
    China's January services PMI slides to 52.9 from 56.0 previously, led by the property industry, where activity slipped to 38.1 and new orders to 35.7. Overall, new orders came in at 48.5.
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  • Feb. 1, 2012, 4:08 AM
    China's official PMI 50.5 in Jan. vs. 50.3 in Dec., indicating expansion and beating expectations for a contraction. HSBC PMI (.pdf) 48.8 in Jan., broadly in line with its flash reading. The official figure supports hopes China will avoid a hard landing, but HSBC said its survey "confirmed the still weak growth momentum of manufacturing."
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  • Jan. 31, 2012, 4:04 PM
    China's Communications Construction, the country's largest port builder, cuts its IPO by 75% to $790M, a victim of a weak market. Choosing to go forth with the IPO despite adverse conditions suggests the company is desperate for cash, making the offering even more unattractive, says an analyst.
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  • Jan. 31, 2012, 7:00 AM
    Chinese shares complete their best January in 3 years, the Shanghai Composite +4.2% for the month. The surge follows a 22% decline for the index last year. Perhaps the most significant news is the government's aim to direct more of the country's savings into the stock market.
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EWH Description
The iShares MSCI Hong Kong Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index.
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Country: Hong Kong
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