Latest posts by Oiwan Lam from September, 2008
China: One Trillion US Bonds and Debt Scandal
According to a New York Times report in early September, the Chinese Central Bank has invested over USD $1 trillion on U.S. Treasury bills, bonds and debt securities. Among the...
Hong Kong: Finance Tsunami
As a major financial center in the world, the financial tsunami triggered by Lehman Brothers’ bankruptcy hit the city badly. On sept 18, the Hang Seng Index (HIS) dived about...