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curiouser and curiouser and China's 'Invisible' Physicist
couple interesting stories posted just this evening over on The Bullhorn:
China's Zhu Changhong Helps Steer Nation's Currency Reserves
Nation's Media Call Former Physicist 'Invisible'
BEIJING—At an official Chinese New Year's party earlier this year, a former bond trader named Zhu Changhong was hailed for the smart choices he made investing the world's largest stash of cash: China's $3.5 trillion in foreign reserves.
Paul Wiegmann Zhu Changhong, as a student.
Tweaking the lyrics of a famous revolutionary song that extolled Mao Zedong, Mr. Zhu's colleagues jocularly lauded him: "The east is red, the sun rises. From China arises Zhu Changhong…he is SAFE's savior," people with knowledge of the event say. SAFE is China's State Administration of Foreign Exchange, the division of the central bank that manages China's currency reserves and is one of the most powerful investors in the world.
Mr. Zhu is a key figure in the allocation of trillions of dollars at a time when Europe still is looking for sources of capital and developing countries worry that the resources boom shows signs of ebbing. But despite being charged with directing China's efforts to diversify its foreign reserves and earn decent returns, little is known about Mr. Zhu; Chinese media call him "invisible."
....
more on this one and i'll let y'all clik on over to get it (lest we get slapped fer 'misappropriation' of their stuff ;)
since its gettin tuffer by the week, these daze, to get any REAL journalism and.. well.. even ole rupert&co has gotta make a buck....
but the curiouser and curiouser part is this:
China Keeps On Gobbling Up Treasurys
Holdings Hit Highest Level on Record, $1.316 Trillion
The largest foreign holder of Treasury securities kept buying amid a spring swoon in U.S. government-bond prices, increasing its holdings to the highest level on record.
China in May bought about $22.49 billion in Treasury notes and bonds, the latest U.S. data showed on Tuesday, even as many other large investors reduced holdings of the debt.
China's holdings hit $1.316 trillion, compared with the previous peak of $1.315 trillion in July 2011, said Ian Lyngen, senior government-bond strategist at CRT Capital Group LLC. The May gain marks the third-biggest monthly increase since the U.S. began publishing foreign-ownership data in 1985, Mr. Lyngen said.
Related
The shift came as the 10-year Treasury note's yield jumped from a low of 1.61% at the start of May to 2.13% at the end of that month amid a pickup in U.S. economic activity. Bond prices fall when yields rise. On Tuesday, the 10-year yield fell to 2.533%.
again - more to this one, but behind the 'great wall' - assuminging y'all know how to get over it...
so this begs the question: whats the 'invisible' one doing with it all ???
could this mean something's amiss in the 1st class cabin of uncle ben's helicopter???
inquiring minds, curiosity and all that - sans the cat...
China's Zhu Changhong Helps Steer Nation's Currency Reserves
Nation's Media Call Former Physicist 'Invisible'
- By
- LINGLING WEI and
- BOB DAVIS
- CONNECT
BEIJING—At an official Chinese New Year's party earlier this year, a former bond trader named Zhu Changhong was hailed for the smart choices he made investing the world's largest stash of cash: China's $3.5 trillion in foreign reserves.
Paul Wiegmann Zhu Changhong, as a student.Tweaking the lyrics of a famous revolutionary song that extolled Mao Zedong, Mr. Zhu's colleagues jocularly lauded him: "The east is red, the sun rises. From China arises Zhu Changhong…he is SAFE's savior," people with knowledge of the event say. SAFE is China's State Administration of Foreign Exchange, the division of the central bank that manages China's currency reserves and is one of the most powerful investors in the world.
Mr. Zhu is a key figure in the allocation of trillions of dollars at a time when Europe still is looking for sources of capital and developing countries worry that the resources boom shows signs of ebbing. But despite being charged with directing China's efforts to diversify its foreign reserves and earn decent returns, little is known about Mr. Zhu; Chinese media call him "invisible."
....
more on this one and i'll let y'all clik on over to get it (lest we get slapped fer 'misappropriation' of their stuff ;)
since its gettin tuffer by the week, these daze, to get any REAL journalism and.. well.. even ole rupert&co has gotta make a buck....
China Keeps On Gobbling Up Treasurys
Holdings Hit Highest Level on Record, $1.316 Trillion
- By
- MIN ZENG
The largest foreign holder of Treasury securities kept buying amid a spring swoon in U.S. government-bond prices, increasing its holdings to the highest level on record.
China in May bought about $22.49 billion in Treasury notes and bonds, the latest U.S. data showed on Tuesday, even as many other large investors reduced holdings of the debt.
China's holdings hit $1.316 trillion, compared with the previous peak of $1.315 trillion in July 2011, said Ian Lyngen, senior government-bond strategist at CRT Capital Group LLC. The May gain marks the third-biggest monthly increase since the U.S. began publishing foreign-ownership data in 1985, Mr. Lyngen said.
Related
The shift came as the 10-year Treasury note's yield jumped from a low of 1.61% at the start of May to 2.13% at the end of that month amid a pickup in U.S. economic activity. Bond prices fall when yields rise. On Tuesday, the 10-year yield fell to 2.533%.
again - more to this one, but behind the 'great wall' - assuminging y'all know how to get over it...
could this mean something's amiss in the 1st class cabin of uncle ben's helicopter???
inquiring minds, curiosity and all that - sans the cat...