2017年11月23日 星期四

“President Trump May Need To Look At A New US Treasury Gold Buy Program…”

www.silverdoctors.com

by Stewart Thomson of Graceland Updates

Nov 21, 2017
  1. Gold surged higher on Friday.  Then it gave all the gains back yesterday.  Looking beyond this short term noise, gold is not an exciting market right now. What could make that change?
  2. See this gold chart. Gold is trading in a rough sideways trend with an upside bias.  This bias continues to strengthen, albeit very slowly.  The technical action reflects the fundamentals and liquidity flows and clearly, patience.
  3. On that note, please click here now. I jokingly refer to the SPDR fund as “Spider Man”.  Chindian demand is decent, but Spider Man looks like he’s caught in his own web; while there’s no significant selling, buying has come to a standstill.
  4. If Chindian demand is solid, gold doesn’t really need a lot of Western fear trade buying to move higher, but it must have some.  That’s just not happening right now.
  5. The winds of change may be in the air, with US wage inflation pressures intensifying, an approaching debt ceiling debate, and a new Fed chair who stands ready to significantly reduce bank regulation.
  6. Without a bull cycle in money velocity, gold stocks and silver stocks will have a very hard time outperforming bullion on a consistent basis.
  7. The good news: these winds of change (especially the small bank deregulation favoured by Fed chair Powell) mean there is a very high probability that US money velocity ends its two decade bear market in 2018.
  8. Like Reagan, Trump’s administration is decreasing regulation and taxes while increasing debt.  The main difference is that Reagan operated at the start of a business up cycle and at the end of an inflationary era.  So, the Reagan administration could deflect government debt growth concerns with positive economic growth accolades.
  9. In contrast, the Trump administration is operating in the tail end of the business up cycle and in the tail end of a deflationary era.  The bottom line: US GDP can grow for another year or two and hit 4% to 6% on the upside, but liquidity is going to flow from Wall Street and government bonds into the fractional reserve banking system as that happens.
  10. That’s because of quantitative tightening and rate hikes.  Elderly American savers have essentially been nuked by QE and interest rates that are at multi-generational lows.  Goldman predicts nine rate hikes in 2018 – 2019.  I predict six, and the Fed dot plot suggests there will be seven.
  11. Whatever the number turns out of be, with a tail wind of tax cuts and bank deregulation, significant liquidity flows are going to move into thousands of America’s small banks.
  12. From there, it won’t be wasted on government bonds, which is deflationary.  It won’t be used for stock market buybacks to give scummy corporate fat cats giant bonuses instead of giving American workers a pay raise.
  13. That money is going to go to Main street small business loans, and money velocity stands to make a significant reversal as that happens.
  14. As the business cycle peaks, even more money is going to flow into these banks… and into gold.  In an economic downturn, Trump may need to look at unconventional policy like a new US Treasury gold buy program and high tariffs to manage the huge US government debt.
  15. See this dollar-yen chart.  Different price drivers drive the gold price at different times.  Sometimes gold leads a market, and at other times it follows.  Currently, gold is playing follow the dollar-yen leader.
  16. An important head and shoulders top is forming on the dollar against the yen.  I told my intestinally fortified readers to prepare for some gold market pain early yesterday morning, and the “reign of pain” arrived just hours later, exactly on cue!
  17. Nothing is out of order here.  The dollar is rallying to form a right shoulder high against the yen, and that’s putting annoying but modest pressure on gold.  Without the institutional support for gold stocks that comes with rising money velocity (particularly M2), the stocks get hit a lot harder than bullion.
  18. Fund managers like Ray Dalio recommend keeping 5% to 10% of assets in gold.  Ray owns a lot of gold stocks as well.  In the gold community, gold is generally owned more aggressively, often representing 40% in an investor’s portfolio, and more!
  19. I have no issue with the higher percentages (and partake in them myself).  To build retained wealth (and maintain emotional stability) in the sector though, gold bugs need to buy significant price weakness.
  20. Holding some assets besides bullion and the miners is also important.  Just as gold is a stock/bond investor’s tool to maximize returns and reduce drawdowns, mainstream stocks and bonds serve a gold investor in the same way.  
  21. On that note, please click here now.  Double-click to enlarge.  I coined the term “gold bull era” to describe the long term growth of gold demand related to growth in China, India, and other Asian and mid-East markets.
  22. Please click here now.  Double-click to enlarge. I’ve highlighted a solid upside breakout from a massive triangle pattern on this South Korean stock market ETF chart.  I urge all gold bugs to buy and hold some China, India, South Korea, and Japan stock market ETFs and individual stocks.  The bottom line: The Asian stock market upside breakouts represent stage one of the gold bull era.  Don’t miss out on the wealth building fun!
  23. Please click here now. Another great holding for gold bugs is bitcoin.  A lot of investors ask me how bitcoin staged a “forty bagger” move while gold has gone nowhere.  The answer is simply that the supply of bitcoin is only 21 million coins.  My long term (not that long) target for bitcoin is $500,000.  If the supply of gold was only 21 million ounces, gold would already easily be at $500,000, but the demand-supply balance for gold is much more even (for now) than it is for bitcoin.  Bitcoin shouldn’t be viewed as a competitor to gold.  I’ve labelled bitcoin a positive member of the precious metals asset class family,and predicted it will play a major role in the gold bull era.
  24. Please click here now.  Double-click to enlarge this exciting Chow Tai Fook chart. Chow is the largest gold jewellery retailer in China.  I cover the wealth building action for Chow in my www.gracelandjuniors.com newsletter.  Chow’s price action is also a truly vital indicator of what lies ahead for the Western gold mining stocks.  It looks set to usher in the new year with an upside blast higher from a broadening consolidating pattern which should send the miners higher too!

聯儲局擔心低通脹 美元兌日圓下挫1%

NOW財經

【Now新聞台】匯市方面,美元匯價下跌。
美匯指數低見93.212,是大約一個月低位。

美元兌日圓則下挫百分之1,是5月以來最大的單日跌幅,跌穿112,低見111.14,是9月底以來的低位;每百日圓兌港元重上7算水平。

聯儲局上次議息會議紀錄顯示局內擔心通脹低迷,市場擔心美國未來加息步伐減慢,加上美國上月核心資本品訂單下跌以及技術性交易等,令美元匯價顯著受壓。

2018 Australia 1/10 oz Gold Kangaroo BU

2018年1/10盎司澳洲普製鴻運金幣在LPM買, 現LPM賣1199一枚, Kitco 賣1199.13一枚 !

星期二取貨時經過恒生問過沒返貨 !

2016年11月4日寫:

2017 Australia 1/10 oz Gold Kangaroo BU

恒生銀行今年早咗來貨, 所以昨天去咗買2017年1/10盎司普製鴻運金幣, 有 capsule 附送, 1155蚊 !



2015年10月29日寫:

2016 Australia 1/10 oz Gold Kangaroo BU

Year:     2016
Grade:     Brilliant Unc
Denomination:     $15
Mint Mark:     P - Perth Mint
Metal Content:     0.1 troy oz
Purity:     .9999
Thickness:     1.3 mm
Diameter:     16.1 mm
Mintage of 200,000 coins
Manufacturer:     Perth Mint

2016年1/10盎司澳洲袋鼠普製金幣, 在 Kitco 買1108.91蚊, 因為恒生沒咁快有貨, 所以乘 Kitco 近來有小金幣買住先, 因為沒知金價會點走 !

英財相夏文達下調GDP預測 房策干預力度加大

on.cc東網專訊

英國財政大臣夏文達公布政府最新預算,下調未來5年的經濟預測,其中今明兩年GDP預測下調至增長1.5%及1.4%,低於3月時的2%及1.6%。

OBR最新預計,英國2017/18年預算赤字佔GDP比重2.4%,低於3月時預計比重2.9%。

另外,夏文達指,個人不該讓房產空置,政府將立法對房產空置收費。此外,政府將提供一項規模440億英鎊基金,並承諾未來5年增加住房供應。此外,即日起對所有首次置業不高於30萬英鎊的住房免除印花稅;對於於倫敦等高房價地區首次置業者不超50萬英鎊住房,前30萬英鎊部分也可免除印花稅。

他又表示,英國生產率仍然令人失望,政府將會堅持財政守則,運用部分財政空間,作為投資和支持公共服務及保持低稅收。同時承諾撥款15億英鎊用於環球信貸計劃。

就英國「脫歐」談判,夏文達表示,將額外為未來兩年的英國退歐準備工作預留30億英鎊;並隨時在必要時撥出更多資金。

另外,英國政府計劃於5年內出售約200億美元的蘇格蘭皇家銀行股份。

加入金銀甲的新人必讀

投資乜都好, 一定要先識基本知識, 所以最好先睇完本網誌成個[投資金銀手冊]後先好落場買野 !
投資實金實銀, 一唔訓身, 二唔借錢, 三只用閒錢買貨 !

想易套現就買實金(註:實金差價大, 也不大適宜短炒的), 而實銀是長線投資 !!
 

實銀心急放就拿去上環忠記溶金舖一定可以套現, 不過只拿回純銀價, 可能靚野會俾返多少少錢你, 而想高價放就拿去網拍 !

世上無 sure win, 也無不勞而獲, 唔經分析亂投資後果自負, 到時輸錢唔好怨任何人 !

收藏幣介紹

本人已開多個[收藏幣介紹]分區來貼收藏幣, 唔係個[投資金銀手冊]會變得太長, 導致想睇實金實銀知識的人須睇多好多文貼 !

低溢價幣如楓葉/鷹楊/愛樂和增值幣如澳洲生肖會留在[投資金銀手冊]分區, 雖然收藏幣也可以變為增值幣, 而低溢價幣和增值幣也可以變為收藏幣 !


新人開始買實金實銀時, 多數會去計價買邊隻實貨會最平, 但之後買下買下就會愈買愈高溢價金銀幣, 而最後只為靚而買不再理價錢 !

近來發現, 原來有一班人是由收藏開始才接觸金銀幣, 所以收藏幣是有出路的, 不過一定要限制自己唔好中曬收藏毒癮買太多和太貴的金銀幣, 因為自己出發點是投資 !

所以買收藏幣, 只會選又有特色而又唔太貴的金銀幣來買 !

2017年11月22日 星期三

2018索馬里非洲象普製1盎司銀幣

呢枚2018索馬里非洲象普製1盎司銀幣在Kitco 買, 現Kitco 賣175.54蚊一枚, 一筒20枚賣159.87蚊/1枚 ! 須自買燈塔牌39mm capsule 和玻璃膠袋來裝 !

2016年10月22日寫:
2017索馬里非洲象普製1盎司銀幣
2017索馬里非洲象普製1盎司銀幣在LPM買, 177蚊1枚, 須自買燈塔牌39mm capsule 和玻璃膠袋來裝 !

2016索馬里非洲象普製1盎司銀幣在LPM買, 148蚊1枚, 須自買燈塔牌39mm capsule 和玻璃膠袋來裝 !

須留意的是, 索馬里非洲象普製1盎司銀幣由2016年開始, 純度已由999轉為9999 !

2014年11月11日寫:

2015索馬里非洲象普製1盎司銀幣


又是買新發行的大笨象銀幣的時候啦, 在SCS Apmex 團買, 189.60蚊, 愈買愈平, 真開心 !


2013年9月25日寫:

 2014索馬里非洲象普製1盎司銀幣



在 SCS 買240蚊一枚, 跟貼銀價 !


2012年11月25日寫:

2013索馬里非洲象普製1盎司銀幣


2013 1 oz Silver Somalian African Elephant
Minted in Germany, the Silver Elephant Coin has a denomination of 100 shillings and is struck in .999 fine silver.

Denomination:       100 Shillings
Diameter:     39 mm
Thickness:     3 mm
Bavarian State Mint

呢隻銀幣比網上流傳的圖靚, 而立體感強過之前個幾年發行的 !
在 SCS 買298蚊, 好貼銀價所以好快賣完, 而 SCS 好快會有第二批貨, 所以大家唔好錯過購買機會 ! www.silvercoinstory.com/shop

新出大笨象銀幣不嬲都好貼銀價, 所以當銀價在 34樓下就唔曬300蚊, 不過銀價己升破34, 而歐羅也升回10蚊之上, 所以新貨要貴些啦 ! 舊年份的大笨象銀幣就只會愈來愈貴啦, 一早變咗收藏幣 !

大笨象銀幣返貨是無盒的, 但本人會第一時間放入39mm燈塔牌膠盒(SCS或東洋有賣) 和用玻璃袋(SCS或東洋有賣)封實, 為保唔氧化和膠盒唔變花或入塵 !

本人買的大笨象價格(可以用來參考)  
2012年版 287.88 2011-12-28收貸, 在第一次團購買, 訂貨時銀價在約30美元
2011年版 280.67 2012-04-08收貨, 在 SCS 團購買, 訂貨時銀價在約27美元 
2013年版 298    2012-11-24收貨, 在 SCS 買,訂貨時銀價在約33美元

2012索馬里非洲象普製1盎司銀幣


2011索馬里非洲象普製1盎司銀幣
 

www.squidoo.com/somalian-african-elephant-silver-coins
 
大笨象發行量:
2004     5,000
2005     5,000
2006     5,000
2007     5,000
2008     5,000
2009 130,000
2010 120,000
2011 170,000
2012 120,000
2013 140,000
2014  ?
2015  ?
2016  ?
2017 ?
2018 ?  

【市後重點睇】觀望聯儲議息紀錄 油價續上

on.cc東網專訊

周三晚上,美國有數項經濟數據公布,市場觀望上一次聯儲局議息紀錄,道指期貨現升25點。美匯指數最新跌至93.81;圓匯企112.03水平;在岸及離岸人民幣俱企6.62關樓上。金價於1,280美元上落。由於加拿大至美國的輸油管發生問題,紐約期油日內高見57.98美元,現續升1.74%至57.82美元,為2015年7月以來高位;布蘭特期油亦漲0.83%至63.09美元。

●市後關注點
-21:30 美國11月18日當周首次申請失業救濟人數、10月耐用品訂單
-23:00 美國11月密歇根大學消費者信心指數終值
-23:30 美國能源信息署(EIA)發布政府版原油庫存周報
-02:00 美國油服貝克休斯發布美國11月24日當周總鑽井數
-周四凌晨03:00 美國聯儲局發布上一次議息紀錄

●港股收市險守3萬點大關!恒生指數甫開市彈上30,087點、續攀上近約10年新高,盤中曾飆381點,高見30,199點,全日收漲185點或0.62%,報30,003點;國企指數盤中高見12,100點,收漲84點或0.71%,報11,958點。大市成交續逾1,500億港元,主板全日成交錄1,574.35億元。

相關新聞:
-港交所受惠大市成交激增,股價爆升,盤中高位見255元,收漲3.8%,報254.2元。
-滙控曾重上77元,尾市略回,全日升1.7%,報76.95元。
-騰訊獲得《絕地求生》中國的獨家代理運營權,惟股價失守430元關,全日跌0.7%,報426.8元。

●滬深股市升跌不一,滬綜指收市報3,430點,升19點或0.59%;深成指跌41點或0.36%,報11,560點;滬深300指升9點或0.23%,報4,227點;創業板指跌3點或0.19%,報1,853點。

●德國政局仍不明朗,歐股早市個別發展,當中英國富時100指數報7,415點,升4點或0.05%;法國CAC指數報5,363點,跌3點或0.06%。

●大師午間教路:短炒博內銀、油股。
http://bit.ly/2hTyabT

●【板塊分析】「北水」密密吸 航空股有勢飛更高?
http://bit.ly/2zcxZM1

●運房局:暫無計劃設機制專責外來人才住房。

●俄羅斯央行行長納比烏琳娜表示,俄羅斯央行將繼續逐步降低關鍵利率。

●人幣香港同業拆息創近半年高,曾觸10厘。

●傳摩通擬提供渠道予客戶交易CME比特幣產品。

●金融機構處置機制 銀行目前仍於諮詢及摸索階段。

●傳人行及中銀監召開網絡小額貸款會議。

●本地名設計師梁志天旗下餐飲集團1957&Co.明日(23日)起招股,每手入場費3535元。

●新盤混戰:柏逸兩房特色戶全獲認購。

相關新聞:
-孫先生買柏逸特色戶無懼「摸頂」。
-梁先生呻租貴,索性買柏逸兩房自住。
-兩姐妹共斥逾1500萬購柏逸2伙。

The Hidden Risk of Broker/Clearer

太多人唔知真正的金融危機係邊, 要發生咗到時喊都喊唔返 !

www.armstrongeconomics.com

QUESTION:

Dear Mr. Armstrong, Thank you for your work in “educating” us in your “University of the Conscious Investor”! My question relates to your “Trading a Vertical Market” report. I am slowly digesting this report which is truly fascinating and a must read for any rational minded investor. My experience tells me (and you have reaffirmed this within your report) that being able to trade correctly for the market is critical. In analyzing the correct actions we must take I have reached the conclusion that we must also investigate deeply the trading company we use and how any wild ride will impact their ability to actually fund the successful trades we have managed to get into and out of. I recently was issued new T&C’s for my accounts to accept and that makes for scary reading in the light of any major reset or mammoth gap or moves we anticipate. How would you recommend we evaluate the companies actually holding the bag to be able to pay up at the end of the day? This appears to me to be a most crucial question in the light of what Socrates is pointing out.

Be Well,

ANSWER:

Yes, you are absolutely correct. Your broker/clearer is an additional risk.

The kind of market conditions we are about to face will force questions beyond extreme volatility, no bids and the gapping of price and trade. What Traders must realize is that these extreme price actions themselves trigger increased margins, which again could trigger a liquidity crisis. Under such panic moves, prices can gap ‘without’ a trade and is worth remembering people sell what they can not what they should. This forces other markets to move just to raise cash. If market movements are violent everyone is pulled into the mix.

This is when you have to hope that every one of your fellow account owners (under the broker/clearer you are using) is liquid enough to honor margin requirements. This type of information is rarely going to be available to all and so makes many remain vulnerable.

Just to make you aware, it is possible that your money is vulnerable even if you do not have an open position and is just sitting with your clearer if they were to fail.

A lot of people lost money in the MF Global Scandal.

人幣香港同業拆息創近半年高 曾觸10厘

on.cc東網專訊

內地流動性趨緊,人民幣香港銀行同業拆息抽升至5.9796厘,按日急升3.4厘,創近半年以來新高,盤中一度高見10厘。

截至今日(周三)下午2時,銀行動用金管局人民幣流動性安排總額為66.5億元人民幣(下同)。

有銀行調高人民幣定期存款利率「吸人仔」,創興銀行(01111)3個月、6個月及12個月人民幣定存利率均上調至3.8厘,起存金額為30萬元。中國建設銀行(亞洲)12個月人民幣定存加至4厘,起存門檻為10萬元貴賓晉裕、貴賓理財或智選理財客戶。

銷售外國樓不須領牌 政府推稱問題複雜難管

on.cc東網專訊

近年不少港人在外地買樓投資,但「隔山買牛」易墮騙局,最終血本無歸,有議員關注在港購買外國樓花問題,政府會否立法規管。運輸及房屋局局長陳帆回應指,警方接獲35名市民報案,其中31人已錄取口供,暫列求警調查,交由商業罪案調查科處理,現正透過國際刑警與當地部門聯絡,未能作詳細交代,而部分涉及集體投資亦已轉交相關部門處理。

陳帆續指,過去3年接獲有關購買海外物業的投訴數字維持低水平,平均10至13宗,未來會着力透過地產代理監管局及消委會進行公眾教育,呼籲市民小心考慮,認為規管銷售海外物業問題複雜,現已知地產代理監管局將於今年年底前推出指引,提醒註冊地產代理在港銷售海外物業時需遵循的守則。

議員譚文豪問及在港銷售海外物業是否必須領取牌照,陳帆回應指,若代理有銷售香港物業,同時兼售海外物業則會由地監局規管,如代理沒有銷售任何香港物業則不須領牌。

議員涂謹申指,目前香港有數百宗相關個案,政府卻以複雜問題為由不處理,「唔好辣㷫市民去你到請願喇」,認為代理銷售海外物業沒有當地牌照或對當地法例有所認識,是需要一定的規管。議員梁志祥又指,馬來西亞有法例規管銷售海外物業,要求代理必須先獲得當地政府批准才可作銷售,認為香港可倣效立例。

譚文豪及後表示,政府把消委會當作「擋箭牌」,認為不要以為有關投訴數字偏低,只有部分個案的代理沒有領牌,地監局不能處理。他直言,現時情況是「冇牌勝有牌」,只要是無牌,政府便不得追究。

樓價UPDATES:業主惜售 轉賣為租個案增

on.cc東網專訊

樓市暢旺,業主惜售,轉賣為租。西灣河鯉景灣海景三房以3萬港元租出,實用呎租37.6元。另外,首置客獲議價17萬元後,以583萬元承接元朗翹翠峰兩房單位,實用呎價10,052元。各區最新成交,《on.cc東網》為你每日定時更新報道。

港島區

●西灣河鯉景灣觀海閣低層A室,實用面積797方呎,三房套間隔,望部分海景。業主見市況暢旺,決賣為租,終以3萬元租出,實用呎租37.6元。

●西半山聯邦花園巴黎閣中層D室,實用面積1,166方呎,望全山景,連車位,獲同區換樓客以2,450萬元承接,實用呎價21,012元。

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灣仔大洋金幣可以用長城抽籤價預訂中國2018年狗年金銀幣 ! goldcoins.hk/2018-dog-coins-promotion

每人只限一枚和一套, 月尾到貨 !


耶倫:應對未來潛在負面衝擊 加息是關鍵

on.cc東網專訊

聯儲局主席耶倫表示,截止目前,聯儲局縮減資產負債表的進展良好。目前亦合理地接近2%的通脹和充分就業目標,循序漸進地加息是適宜的。

但耶倫指,必須保持開放態度,不要被預期束縛;對通脹可能在更長時間內維持低位保持開放心態。她重申,限制通脹的因素是臨時性的,預計通脹將在未來1或2年內回升

耶倫表示,如果允許通脹長期性地下滑並低於目標,將相當危險,「希望避免美國經濟在繁榮之後陷入蕭條」,對於應對未來潛在負面衝擊而言,加息是關鍵。

她又稱,在任期內,參與了針對美國經濟運行方式的主要反思。最近數年來,在下修更長週期正常利率方面,市場「略微跑到聯儲局的前面」。

耶倫又表示,與美國財長姆紐欽和白宮經濟委員會主任科恩舉行例行性會面,他們並未針對FOMC貨幣政策提供建議。

耶倫日前向特朗普遞信呈辭理事職務,她原本可擔任聯儲局理事至2024年,在完成主席任期後,她將於明年2月離開聯儲局。

聯儲局理事鮑威爾接替耶倫成為聯儲局主席的確認提名聽證會,下周在參議院舉行。

2018年中國熊貓銀幣


30克圓形銀質紀念幣為普制幣,含純銀30克,直徑40毫米,面額10元,成色99.9%,最大發行量10000000枚

在灣仔大洋買, 現大洋網上報價: 185蚊一枚, 一排15枚賣2640蚊 !

LPM 賣
182蚊一枚, 一排15枚賣177蚊/1枚 !

【港股收市】恒指急漲557點 成交達1570億!

on.cc東網專訊

股王騰訊等大藍籌帶旺交投氣氛,港股今早高開109點後維持強勢,午後愈升愈有,以全日高位收市,報29,818點,升557點或1.91%,創4連升,大市成交額1,570.07億元,為自2015年7月10日以來最高,並已連續12個交易日衝破千億成交。

騰訊旗下手機遊戲《光榮使命》全平台預約總人數已逾3,000萬,股價爆漲,盤中逼近440元關,收報430元,升10元或2.38%,成交逾217億元,市值高達4.08萬億元。

大市成交旺,刺激港交所做好,全日收報244.8元,升5.51%,成交亦達67.96億元。中國平安領跑大市,收報86.2元,升8.83%,為表現最強藍籌,成交逾94億元。

滙控宣布,周一在倫敦回購46萬股之後,整個20億美元回購計劃已經完成。股價尾市發力,收報75.6元,升0.66%。

其他藍籌股方面,友邦收漲4.28%;中國人壽上揚3.01%;吉利汽車升3.57%。

值得留意的是,個別近期熱捧半新股遭遇沽壓,易鑫集團全日急瀉7.53%;騰訊「親生仔」閱文集團收跌3.07%。雷蛇急升後走勢回軟,收跌0.24%。

多隻科技股表現強勢,中興通訊勁彈8.75%;長飛光纖升6.44%;舜宇光學和瑞聲科技分別升2.22%和1.55%。

按人民幣計,港股通(滬)錄得逾20億元資金淨流入,全日餘額84.76億元。港股通(深)錄逾25億元淨流入,餘額79.73億元。

2017年11月21日 星期二

網絡保安預測有幾堅?虛擬貨幣成黑客新目標?

on.cc東網專訊

網絡黑客不再搶錢,反而搶加密貨幣?全球網絡保安公司Forcepoint提出8大預測,其中包括虛擬貨幣(加密貨幣)勢成黑客目標,又警告「私隱大戰」即將爆發。Forcepoint更直指,行業一直以來把焦點放錯,不應把焦點架設在防火牆,反而應提升透明度。《東網》同你細睇其中4大預測!

●虛擬貨幣勢成黑客目標
虛擬貨幣作為從網絡罪行獲取收入的方法,所涉及的系統將會受到更多攻擊,會有愈來愈多惡意軟件以虛擬貨幣交易的用戶憑證為攻擊目標,而網絡罪犯亦會把注意力轉投區塊鏈技術系統的弱點上。

●揭開「私隱大戰」的序幕
「個人」和「公眾」的界線逐漸消失,使個人權利和各方面的安全之間產生衝突。2018年,各國政府及普羅大眾之間,將會引發以網絡私隱為題、廣泛且兩極化的辯論。

●雲端保安日趨重要
Forcepoint提出的另外4項預測分別為,若市民輕視歐盟《一般資料保護規例》,日後將造成恐慌;雲端保安系統管理成為新的網域管理;預設加密將影響所有用戶;用戶實體行為分析成為網絡保安業界的下一個大躍進。

●廣泛破壞物聯網連接攻擊快現
Forcepoint估計於2018年出現的一項新增威脅,就是廣泛破壞物聯網(IoT)的連接的攻擊。物聯網是指把所有物品通過射頻識別等信息感測設備與互聯網連接起來,實現智能化識別和管理。由於物聯網可連接多不勝數的設計,亦可存取大量關鍵數據,該領域將遭受大量攻擊。

●日後將有更多託管式商業應用遭入侵
Forcepoint認為,日後將有更多託管式商業應用遭到入侵,特別是當中一些包括銷售人員、潛在銷售對象及現有客戶資料的託管式應用,或用作管理環球市場推廣活動的平台。

瞞擁逾240萬申公屋 申請人罰1.3萬判囚獲緩刑

on.cc東網專訊

房屋署公布,一名公屋申請人在填寫公屋申請表時,隱瞞擁有超過200多萬港元存款,因作出明知的虛假陳述,昨日(20日)於九龍城裁判法院被裁定罪名成立,裁判官考慮到案情嚴重,判處被告罰款1.3萬港元及監禁14天,緩刑24個月。

涉案申請人在2016年7月,向房屋署遞交一份公屋申請表,並申報只擁有銀行存款約2.7萬多港元。其後房屋署在同年9月的調查中,揭發該申請人實際上只申報了一間銀行的戶口,而刻意隱瞞在另一間銀行的綜合理財戶口,當中包含了3個港元存款戶口及一個人民幣存款戶口,合共金額高達約248萬港元。

Bitcoin Tumbles Then Rebounds After Hackers Steal $31 Million Tethers

www.zerohedge.com

The rise in Bitcoin’s price was approaching "warp speed" above $8,200 overnight when, as so often happens, it went into another sharp reversal. After hitting an intra-day high of almost $8,265 in early trading on Tuesday, the price crashed more than $400 to $7,827, its biggest drop since November 13. This time it wasn’t another Dimon-esque rant, or the prospect of another fork (technically, these are bullish) but an old-fashioned theft in another cryptocurrency, Tether. Tether is a controversial crpto-business which provides a wallet service allowing crypto exchanges to store and convert fiat currencies to "safe" tokens (not to be confused with an ICO token) and vice versa.

Tether has a market cap of roughly $673 million and is the world’s nineteenth largest cryptocurrency, based Coinmarketcap.com data. Regarding the theft, Tether alleges that $31MM of USDT tokens (Tethers trading at parity with the dollar) were stolen on 19 November 2017.
From the Tether press release:

Tether Critical Announcement

Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker. Tether integrators must take immediate action, as discussed below, to prevent further ecosystem disruption.

$30,950,010 USDT was removed from the Tether Treasury wallet on November 19, 2017 and sent to an unauthorized bitcoin address. As Tether is the issuer of the USDT managed asset, we will not redeem any of the stolen tokens, and we are in the process of attempting token recovery to prevent them from entering the broader ecosystem. The attacker is holding funds in the following address: 16tg2RJuEPtZooy18Wxn2me2RhUdC94N7r. If you receive any USDT tokens from the above address, or from any downstream address that receives these tokens, do not accept them, as they have been flagged and will not be redeemable by Tether for USD.

What is especially troubling, is how easy it was - in retrospect - to "steal" over $30MM worth of cryptos and send them on to a "non-extradition" address. As per Tether’s announcement, the $31MM was simply sent to "an unauthorised Bitcoin address." While likely futile, the company took steps to recover the loast money: as The Crunch reports:

In response Tether said it has flagged the tokens — meaning that it will track them and prevent the holder from exchanging them through its service — and that it is working to recover them. For partners, the back-end wallet service has been suspended. Tether said it will investigate the incident while it rolls out an update to Omni Core — its software for partners — that will prevent the stolen coins from recirculating into its ecosystem by essentially locking them into the alleged hacker’s wallet.

Where things begin to get murky, is the extent to which there may or may not be a relationship between Tether and another controversial player in the cryptocurrency space, Bitfinex. The latter is the major crypto exchange which was famously hacked in 2016, after which the Bitcoin price fell 20%. The Crunch notes that some crypto players are already expressing concern about a potential “inside job”.

One of the partners that uses Tether is crypto exchange Bitfinex, which itself lost 119,756 bitcoin — then worth $72 million but valued at over $950 million today — in a hack over a year ago. As Coindesk reports, the incident is sure to throw up more questions about the relationship between Tether and the secretive exchange Bitfinex. The duo are rumored to share owners, and have been accused of leaning on each other to manipulate the market. Already, there are theories circulating that suggest this new attack could be an inside job.

This latest hit to Bitcoin is likely to prompt more discussion of the relative advantages of gold versus Bitcoin. In a recent post On Zero Hedge, John Rubino cited an article on the Risk Hedge website “All the Reasons Cryptocurrencies Will Never Replace Gold as Your Financial Hedge” in which security was highlighted as one of the key risks for cryptos.

#4: Lack of Security Undermines Cryptocurrencies’ Effectiveness.

Security is a major drawback facing the cryptocurrency community. It seems that every other month, there is some news of a major hack involving a Bitcoin exchange.  In the past few months, the relatively new cryptocurrency Ether has been a target for hackers. The combined total amount stolen has almost reached $82 million.

Bitcoin, of course, has been the largest target. Based on current prices, just one robbery that took place in 2011 resulted in the hackers taking hold of over $3.7 billion worth of bitcoin—a staggering figure. With security issues surrounding cryptocurrencies still not fully rectified, their capability as an effective hedge is compromised. When was the last time you heard of a gold depository being robbed? Not to mention the fact that most depositories have full insurance coverage.

In another recent post, “Doomsday Preppers Are Switching Allegiance From Gold To Bitcoin”, the issue of security was also prominently discussed.

However, for preppers, the main issue was what would happen if the grid failed. As we’ve suggested, it’s hardly surprising given Bitcoin’s performance that investors and preppers alike have switched their allegiance towards the pre-eminent crypto-currency. However, more events like this, will only add to the view that there is a place in portfolios (and bunkers) for both. After Bitcoin topped $8200 yesterday, we noted the following amusing comment from currency brokerage ForexTime.

“I find it remarkable and somewhat frightening how, no matter how much Bitcoin is pummeled by sellers, it simply bounces back even stronger.”

We’re not there yet, but the price is already closing in on the pre-theft record high of $8,300 as we write.

And, as Bloomberg adds, the incident is the latest in a long list of hacks which while denting confidence in the security of cryptocurrencies, "typically have fleeting market impact: bitcoin has surged to one record after another during the past few years despite major thefts from exchanges including Bitfinex and Mt. Gox."

2017年11月20日 星期一

【市後重點睇】歐元向下 留意德拉吉講話

on.cc東網專訊

美匯指數最新報93.81;美元兌日圓報112.06;德國政局存憂,歐元跌0.2%至1.1770美元。金價報1,291美元。紐約期油無升跌,報56.55美元,布蘭特期油跌0.43%,報62.45美元。道指期貨跌37點。周一晚上,關注歐洲央行行長德拉基的講話,或釋出前瞻性指引。

●市後關注點
-22:00 歐洲央行行長德拉吉對歐洲議會的經濟委員會作證詞
-23:00 美國10月諮商會領先指標
-周二凌晨00:00 歐洲央行行長德拉吉在歐洲議會經濟委員會聽證會上作介紹性聲明

●股王騰訊撐起港股,恒生指數全日收漲61點或0.21%,報29,260點;國企指數跌70點或0.61%,報11,538點。主板全日成交錄1,082.44億港元。騰訊以全日最高位420元作收,漲4.1%,成交額逾144億元,市值逼近4萬億元,達逾39,895億元。焦點半新股散水,易鑫集團一度跌穿發行價7.7元,全日跌2.1%;雷蛇跌4.6%,守住4元關;眾安在綫、「小騰訊」閱文集團跌1.4%。

●A股低開後反覆向上,滬綜指全日收報3,392點,升9點或0.28%;深成指升144點或1.28%,報11,437點;滬深300指升22點或0.56%,報4,143點;創業板指1,800點關口失復得,全日波幅達3.49%,收市升25點或1.41%,報1,859點。

●歐股開市個別發展,當中英國富時100指數報7,358點,跌21點或0.3%;法國CAC指數報5,321點,升2點或0.04%;德國DAX指報12,969點,跌24點或0.19%。

●【板塊分析】汽車股再起動,強勢股為首選?
http://bit.ly/2j8LOUR

●「鱷王」門生在港自立門戶,籌建對沖基金投資亞洲。

●銀聯與葡萄牙BCP戰略合作,推廣創新支付。

●【股匯攻略】美股上升乏力要小心。
http://bit.ly/2zhQF0Z

●IMF:澳洲貨幣政策仍處適宜寬鬆水平。

●澳洲聯儲:中國買家對澳洲房地產需求減弱。

●又破頂!屯門The Parkville高層四房近1250萬沽。

●西營盤瑧蓺加推25伙,最平開放式戶折後賣588.6萬元。

●新世界賣樓逾千伙套139億,創3年新高。

●灣仔壹嘉開放式戶入場費逾788萬元。

ECB & the Coming Banking Crisis

www.armstrongeconomics.com

QUESTION:

Mr. Armstrong; Your post of November 16th where you state that the ECB is looking to freeze accounts in a banking crisis, does that mean they will no longer honour the claimed insurance of €100,000 per account?

PH

ANSWER:

No. They will not pretend to eliminate that insurance, they just will “suspend” it as a bank holiday. But you gloss over another problem. The insurance of  €100,000 is NOT per account, but PER PERSON. So taking €1 million euro and spreading among 10 banks does not thereby provide insurance for the whole lot.

The same is true in the USA. The ECB is proposing supplementing it with discretionary powers to suspend bank withdrawals. To say that the entire program will be terminated is an exaggeration. Nevertheless, it reflects the realization that the European banking system is in serious trouble.

I recommend that Europeans should have a stash of cash, and if you have a lot of cash in your account, put some into dollars in the States before it is too late.

魚缸通:散戶吼兩焦點股中晒伏

on.cc東網專訊

恒指周一早間走勢反覆,客戶大多採取觀望態度,但部分都「中伏」。

致富證券大埔分行經理Gordon話,部分散戶「中伏」,因買了以下兩隻股:一隻是上市不久的易鑫集團(02858),散戶以為接近8港元買值博,豈料周一早間跌勢未止,更下試發行價7.7元水平,大家唯有坐住艇先。另一隻是高鑫零售(06808),大家以為公司獲淘寶中國購入股權有得炒,點知復牌波動過後一度急挫13%,最新跌幅收窄至不足3%,但都令9元樓上追入的散戶無奈要止蝕。

Gordon補充,都有部分客戶買中股份的,包括周一早間升逾14%的人和商業(01387),早一兩日敢追的客都帳面有賺,而兩大強勢藍籌騰訊控股(00700)和中國平安(02318),更帶挈不少客戶贏錢,部分選擇獲利開心計劃過聖誕。難怪他話散戶都稱「買QQ,冇撻Q」,任何一個位買入騰訊,基本上都有錢賺。

明年4新項目 4400居屋應市

on.cc東網專訊

將軍澳翠嶺峰和屯門翠鳴臺錄得超額申請逾百倍,令不少已遞交認購表格的市民感到機會小而失望,但今次抽不中亦不用灰心,因明年房屋委員會亦計劃推出四個居屋項目,合共提供四千四百個單位。房委會人士預計明年推出新居屋時同樣會受市民歡迎,屆時綠白表比例會否調整,現時仍在討論。

明年推出的居屋項目包括東涌二十七區、鄰近「煥然壹居」的啟德用地、長沙灣副食品市場一期及二期。當中東涌二十七區位於北大嶼山醫院對面,社區配套較為完備。

房委會資助房屋小組主席黃遠輝昨日回應指,明年四個居屋項目的單位數目遠多於今次將軍澳翠嶺峰和屯門翠鳴臺,預料將吸引更多市民申請,「相信居屋對市民有吸引力,可能幾受歡迎,估計會收到一定數目嘅申請表。」

提到今次錄得超額申請,黃說過往同類型申請均以白表居多,但亦要預留單位予綠表人士,待申請人交出公屋流轉,預期在明年推出新居屋前一個月,房委會就會討論綠白表等細節安排。黃更認為調整綠白表比例不能單靠申請數字多寡去決定,「例如檢討綠置居係咪恒常化,都會影響日後綠白表比例。」

2017年11月19日 星期日

日商界代表團訪華 為日企在一帶一路尋定位

on.cc東網專訊

日本商界一個由250人組成的大型代表團,周日(19日)啟程前往北京,尋求與中國領導人、經濟部門負責人會面,預料會討論到日企參與「一帶一路」構想的事宜。據悉,是次為日本商界的代表團第43次訪華,隨團人數亦創下歷史新高。

日本傳媒報道,該代表團由日本經濟團體聯合會、日本商工會議所,以及日中經濟協會聯合主辦,隨團者大多數是日本跨國企業的總裁及負責人。

港怡夥保險公司 推醫保全繳套餐吸客

巴士的報

港怡醫院於今年3月正式開業,是全港首家引入全包醫療套餐的醫院。該院行政總裁Dirk Schraven表示,港怡同時與保險公司合作,令病人有機會以醫保全數繳付醫療套餐費用,而且保險公司有大量數據,可以幫助醫院度身制定解決方案,港怡未來仍會跟保險公司緊密合作,希望以高透明度及合理的價格,為中產市民提供創新及高質素的醫療服務。

由新加坡醫療集團百匯班台與新創建(0659)合作投資的港怡醫院,位於港島黃竹坑,是本港第12所私營醫院,共提供500張病床,七成病床留給本港居民。香港大學李嘉誠醫學院是唯一臨床合作夥伴。

醫院起初專注於一般的臨床服務,固定價格醫療套餐包括眼鼻喉科、內窺鏡檢查、普通外科、婦科、眼科、整形外科和泌尿科等,其後逐漸增加針對嚴重疾病的醫療套餐。目前,醫院共提供超過35個專科和分科,未來幾個月新設初生嬰兒科和血液及血液腫瘤科。醫療套餐的數目也由最初的50個,增加到120個,收費7,900元起。

Schraven認為,套餐醫療服務已經逐漸獲全球認可,預料會成為香港的標準。他強調,港怡提供的全包套餐具有競爭力。以治療膝蓋問題為例,套餐已包括檢驗費、診症金、加護病房等,所有與膝蓋病症有關費用都包括在內。如果在其他醫院,醫生診金及檢驗費需要獨立收費。

不過,他承認一些涉及高風險的複雜病症,醫院或會額外收費20%。標準套餐可能不適合被歸類為高風險的患者,醫院會為他們建議最合適的療程。

港怡在剛開業時候,市場曾憂慮保險公司會否拒絕承保其醫療費用,因為最便宜的病房,亦只設有兩個床位,遠少於一般私家醫院的6至8個床位。

Schraven指出,醫院就此已經與50間保險公司合作,包括友邦(AIA)、安盛(AXA)和保柏(BUPA)等大部分主流保險公司,他們會視乎病人的保險計劃,覆蓋全數或大部分醫療費用。

保險公司有大量數據可以幫助醫院制定解決方案,固定價格套餐也有助於保險公司計算風險和賠償,所以港怡會和保險公司緊密合作,在某些地方更可作出整合。他透露,未來會有更多保險公司加入合作。另外,港怡明年會與數家保險公司商討,引入涉及更複雜手術和更高風險的計劃。

Schraven補充,根據外國經驗,病房的床位太多不是一好事,因為病者有機會令其他人病倒。另外,醫院的病房收費接近保險公司理賠的上限,例如連浴室的兩床病房每晚收費為900元,至於半私人病房收費約1,450至2,000元,視乎私隱度而定。

Schraven認為現在市民湧向公立醫院,是因為他們害怕私家醫院收費高昂,而港怡一直在與公立醫院討論接收病人,例如在流感高峰期,可以將一些患者可以轉介至港怡。

現在港怡有750名經註冊醫生,包括200名常駐醫生,以及約80名來自香港大學。Schraven指出,開業初期,醫療人員數目變幅很大,但目前情況已經穩定下來。醫院會提供具競爭力的薪酬及獎金,吸引和勉留人才,並不擔心兩年後香港中文大學首家私人教學醫院開業。

新西蘭向華客開放自助通關 全程僅需10秒

on.cc東網專訊

隨着中國與新西蘭交流日增,據新西蘭傳媒報道,新西蘭海關當地時間上周五(17日)起,正式對中國公民開放自助通關(eGate)服務,持帶芯片中國護照的遊客此後出入境新西蘭時,僅需10秒便可自助通關,大大減少輪候排隊時間。撿悉,奧克蘭機場國際航站樓當天上午更舉行了中國旅客eGate自助通關服務正式開通儀式,中國駐新西蘭大使屈光洲亦有出席。

據了解,遊客使用eGate自助通關服務時,只需按自助通關機屏幕上的提示,把護照個人信息頁放入自助通關上,僅2秒鐘,通關機就能辨認出護照身份,第一道閘門隨之打開;經過第一道閘門後,自助通關機會提示遊客接受拍照,並進行面部識別,僅約5秒鐘,系統便能完成對比,第二道閘門亦會打開,整個過程不過約10秒。

新西蘭海關部長Meka Whaitiri當天出席儀式並剪綵後,在致辭中表示,中國是新西蘭第二大遊客來源國,中國遊客去年在新西蘭消費便達23億紐元(約122.4億港元),未來5年更有望達到50億紐幣;為中國遊客實現自助通關,將有效提升中國遊客出入境體驗,從而吸引更多遊客來新西蘭。

據了解,此前僅有新西蘭、澳洲、美國、加拿大和英國護照持有者,能享受eGate自助通關服務,而中國護照持有者則成為第6批能享受該項便利措施的人群。不過,12歲以下的兒童仍無法使用自助通關服務。目前,在新西蘭奧克蘭、惠靈頓、基督城和皇后鎮機場均設有eGate自助快速通關系統。

備戰星期一:潘梓生話美股跌 VIX跳升響警

on.cc東網專訊

亞達盟環球期貨研究及銷售部副總監潘梓生在東方產經「錢途」專欄表示,美股由去年年底至今,升勢從未間斷,但股指每天升幅均非常窄幅,標普500指數僅極少數交易日變動超過1%。特朗普成為美國總統後,遲遲未落實的稅改及基建計劃一直拉動投資情緒,今年標普500指數升幅已近一成半。不少市場人士覺得美股甚為昂貴,甚至已出現泡沫,不過恐慌指數VIX持續處於歷史低位,反映投資者仍極有信心。

投資哲理教曉「別人貪婪我恐懼」,但在美股一直上升,到底拐點甚至時候才出現?近期VIX指數的變化似乎值得大家參考。最近有投資銀行調查顯示,做空VIX成為了近期擁擠交易之一,即大部分基金投資者均湧至沽空VIX期貨,代表他們認為美股仍然非常安全,波動率將為繼續處於低位,大市升勢將延續。可供讀者參考的是,美匯指數在去年年底同為擁擠交易之一,當擁擠交易消散,美匯指數就由102點大跌至92點才見支持。

近日美股輕微下跌,但VIX期貨已出現明顯異動,在不足兩周內曾由9點大幅抽升至14.5點。實質波動率未見抽升,但VIX已大幅上揚,似乎反映某些聰明資金已開始撤離以上的擁擠交易。投資者應該密切留意,特別是一旦沽空VIX期貨的資金撤離市場,很有可能牽動美股出現較深度的調整。若然資金撤離的趨勢得以確立,美股調整的時間可能更長,也將為市場情緒帶來更大的震盪。

2017年11月18日 星期六

大灣區建設為合作重點 粵歡迎港議員考察

on.cc東網專訊

粵港合作聯席會議第20次會議今(18日)舉行,粤港雙方簽署7份合作協議。特首林鄭月娥聯同多名政策局局長公布詳情,林鄭月娥表示,向廣東省提出多項議題並有共識,包括粵港澳大灣區發展將成為未來合作重點,目前已進入發展規劃編寫工作,爭取明年初獲中央批准。建議在大灣區中建設國際科技創新中心,令人流、物流、資金流及資訊流全面流通,及將香港的優勢產業落戶大灣區,加強大灣區的推廣。

她續指,基於有跨黨派的立法會議員提出組團到大灣區考察,她已向廣東省省長馬興瑞反映且有正面回應。林鄭又提到,未來12至18個月有多項跨境基建落成,包括港珠澳大橋、港深港高鐵香港段,蓮塘香園圍陸路口岸等,目前應深化兩地聯繫,特別是方便港人在內地就業。雙方又重視青年發展,會繼續與廣東省深化青年及大學生的實習機會。

香港將配合國家生態文明發展,加強可持續發展的合作,包括與廣東省共同監測空氣污染、開展研究2020年後減排工作、推展珠三角船泊排放控制區,在回收物品處理的合作。明年香港政府會發行綠色債券。

一地兩檢關注組召集人、公民黨立會議員陳淑莊指,高鐵一地兩檢《合作安排》欠缺細節,尤其是法律基礎,倘人大接納《安排》並授權,等同變相釋法,由人大決定香港的法律。至於議員參觀大灣區,陳表示公民黨會商討是否參與,明年三、四月分別有立會補選及兩會,需視乎時間安排。

內地客買虛擬貨幣疑受騙 原來公司都係虛擬

on.cc東網專訊

內地客墮萊特幣(Litecoin)騙局。約20名內地人去年透過一間香港投資公司開設戶口購買萊特幣,並可從該公司網頁登入戶口,查看投資情況,賺得收益可轉入內地銀行戶口。早前,眾人發現戶口內的萊特幣未能成功進行交易,而涉事的登入網頁其後亦告失效,同時未能聯絡上負責人,他們遂於今日中午12時許,親自前往該公司位於尖東科學館道14號新文華中心的辦公室了解事件,登門後卻發現上述地址屬於一間秘書服務公司,有關投資公司並不存在,眾人懷疑被騙,報警求助。

警方接報到場,初步調查後指案件於內地發生,建議事主於內地報公安,並向眾人提供了警方商業罪案調查科的熱線,著他們致電求助,案件暫列作詐騙處理。

其中一名來自西安的事主楚先生指,去年11月經朋友介紹,與約20名同村兄弟透過涉事公司投資萊特幣,他本人斥資約3000元人民幣。其後眾人發現戶口內萊特幣未達一定數量,根本無法進行買賣,加上內地多個部委對虛擬貨幣採取了嚴厲的監管措施,該公司提供的網址同告失效,眾人於是親往尖東辦公室了解,詎料揭發懷疑詐騙事件,一眾事主估計,今次損失金額或超過5位數字人民幣。

萊特幣(Litecoin)是一種虛擬貨幣,受比特幣(Bitcoin)啟發而出現,同由電腦軟件計算產生,不依賴任何銀行、政府等機構發行,旨在改進比特幣,兩者不同的是萊特幣提供更快的交易確認、網路預期產量亦較比特幣多出4倍,同時萊特幣採用與比特幣不同的加密算法,令「挖礦」相對容易。目前獲得萊特幣的辦法有兩個,一是透過軟件「挖礦」,二是在交易平台買入。

Ethereum Cryptocurrency – Almost $400 Million Vanishes

www.armstrongeconomics.com

Thanks to a string of screw-ups and bugs, an unsuspecting developer recently took possession of an estimated $US390 million worth of the Ethereum cryptocurrency by accident. In an attempt to give back the money, however, the guy ended up locking up the funds permanently. Essentially, the money has just evaporated.

It turns out that hackers started the trouble getting into the cryptocurrency wallet service stealing about $42 million. To then patch the vulnerability to their block-chain technology, they introduced a bug that affected multi-signature wallets.

These are wallets which require several people to enter keys before funds get transferred. This was intended to be top security for Ether which is the second largest cryptocurrency. Somehow, a guy called “devops199” triggered the bug and took control of all multi-sig wallets unintendedly. Then devops199 attempted to reverse the process to give back the money which then triggered the bug. The result was the destruction all of the funds. The bug caused a chain reaction of events that locked all multi-signature wallets that cannot now be unlocked.

Welcome to the world of Cryptocurrency.

BTW: Blockchain can be hacked, in case you did not know.

美稅改前景不明朗及美元下跌 金價升逾1%

NOW財經

【Now新聞台】國際金價顯著上升。

紐約12月期金高見1297.5美元,是10月17日以來的高位,收市升18.3美元,報每盎司1296.5美元,升百分之1.4。

現貨金亦升逾百分之1,同樣見過一個月高位,高見1297美元。

美國稅改方案能否趕及年底前通過仍然存在變數,稅改前景不明朗,加上美元匯價下跌,刺激金價顯著上升。

總結今個星期,國際金價連升兩周,全周升逾百分之1。

國務院印發國資充實社保基金劃轉方案

on.cc東網專訊

國務院發布印發劃轉部分國有資本充實社保基金實施方案的通知,指隨着經濟社會發展和人口老化加劇,基本養老保險基金支付壓力不斷加大,決定劃轉部分國有資本充實社保基金。

劃轉對象為中央和地方企業集團已完成公司制改革的,直接劃轉企業集團股權;中央和地方企業集團未完成公司制改革的,推進改革,改制後按要求劃轉企業集團股權;同時,探索劃轉未完成公司制改革的企業集團所屬一級子公司股權。至於公益類企業、文化企業、政策性和開發性金融機構及國務院另有規定的除外。

劃轉比例統一為企業國有股權的10%。社保基金會及國有獨資公司等承接主體作為財務投資者,享有所劃入國有股權的收益權和處置權,不干預企業日常生產經營管理,一般不向企業派出董事。

在推展上,2017年選擇部分央企和部分省份開展試點。央企包括國務院國資委監管的中央管理企業3至5家、中央金融機構2家。2018年及以後,分批劃轉其他符合條件的中央管理企業、中央行政事業單位所辦企業以及中央金融機構的國有股權,以盡快完成劃轉工作。

美股收市:道指挫100點 納指全周升0.47%

on.cc東網專訊

美國眾議院通過稅改方案,現時市場轉而注視參議院動向,觀望氣氛濃厚,美股收市向下。道指收報23,358點,跌100點或0.43%;標指收報2,578點,跌6點或0.26%;納指收報6,782點,跌10點或0.15%。

總結全周,道指、標指分別跌0.27%和0.13%,均連跌兩周,為8月份以來首次;納指全星期則升0.47%。

個股方面,通用電氣(GE)獲主席John Flannery增持6萬股。通用電氣股價全日由升轉跌,收市微跌0.25%。電動車生產商特斯拉(Tesla)「踩過界」,宣布開發電動重型貨車Semi,預計於2019年投產,2020年面世,刺激股價全日升約0.8%。

稅改方案已於香港時間周五凌晨獲得眾議院通過,下一關是參議院,預計參議院將會在11月27日當周,就稅改方案全體投票。

參議院通過的稅改法案內容與眾議院周四通過的版本有較大分歧,當中包括推遲一年才下調企業稅,而部份稅務減免會延至2026年才取消。

有分析認為,共和黨擁有參議院100席中的52席,而民主黨參議員預期會一致反對,因此只要有3名共和黨人倒戈,稅改就會不會獲得通過。綜合外媒報道,至今已有至少兩名共和黨參議員表明反對。

不過,美國財長姆紐欽仍預計,稅改法案將於聖誕節前遞交美國總統特朗普簽署,料98%機會照計劃落實減稅。

樓貴都照搶 新盤買家諗緊乜?

on.cc東網專訊

新盤銷情熾熱,宏安地產(01243)沙田薈蕎今日(周五)展開首輪銷售,發售105伙,項目折實入場費要428.1萬元。準買家們積極入市,究竟是覺得新盤價格合理,抑或是逼不得已?還是另有想法呢?

●首置買家蔡先生:一直未入市被阿媽話蠢
蔡先生稱,成功以約500萬元購入薈蕎一個中層開放式戶,將會用成一家三口自住。他坦言開放式單位唔夠住,但希望未來繼續儲蓄作換面積較大的單位。他認為現時樓市屬高位,但單位用作自住則沒有問題。

他又稱,過去20年其母親一直叫他置業,但一直未沒有入市,「認為他很蠢」,最終今日成功上車。問及等待政府未來會發售的資房屋,他直言「等政府不如靠自己」。

●準買家李女士:幫阿仔上車 冀樓價下跌
沙田薈蕎外區準買家李女士稱,有意資助兒子首期購買該盤一個一房戶作自用,惟未知樓價多少。她認為,目前樓市處於高位,個人希望樓價可以向下跌,惟看不到有因素令樓價下跌。

●準買家吳先生:資助女兒首期入市
吳先生稱,有意資助女兒認購該盤一個細單位作結婚之用,單位樓價未知,但估計會資助女兒支付幾十萬元首期。他以「瘋狂」形容目前樓市,但見政府供應增加,而息口又料將增加,估計未來樓價會輕微回落,但由於女兒急於置業才心急入市。

資料顯示,薈蕎推出的105伙來自1號及2號價單,1號價單共68伙,價單售價475.7萬至948.8萬港元,價單折實平均呎價18,198元。隨後加推的2號價單涉37伙,價單售價533.2萬至962.1萬元。項目折實入場費428.1萬元。市場消息指出,截至晚上10時,沙田薈蕎逾50伙獲認購。

沙特反貪填國庫? 傳王子商家獻7成身家換自由

on.cc東網專訊

沙特阿拉伯王儲穆罕默德‧薩勒曼本月4日以打貪為名,拘捕多名王子、高官及商家。有指沙特政府為了填補近年陷入財赤的國庫,要求被捕者獻出身家7成的財富以換取自由。有指行動嚇怕不少國外投資者,但賺得普遍沙特民眾的支持。

沙特政府經調查後表示,國內貪污問題令國家錄得最少1000億美元(約7800億港元)的損失,國家近年又因油價低迷而收入大減,上年度錄得790億美元的赤字。消息人士指,沙特政府為填補國庫,要求多名涉及貪污的達官貴人交出大部分財富換取人身自由,其總金額或高達3000億美元。有指部分被補人士家屬正聘請商業顧問以尋求方式保障其財產及減少對公司的傷害。

近年沙特經濟轉差,市民深受其害,但不少達官貴人仍然風生水起,所以政府的打貪行動廣受市民歡迎。但有國外投資者被打貪行動嚇怕,又認為行動是選擇性的打壓。

2017年11月17日 星期五

Bill Blain: "Stock Markets Don't Matter; The Great Crash Of 2018 Will Start In The Bond Market"

www.zerohedge.com

Blain's Morning Porridge, Submitted by Bill Blain of Mint Partners

The Great Crash of 2018? Look to the bond markets to trigger Mayhem!

I had the impression the markets had pretty much battened down for rest of 2017 – keen to protect this year’s gains. Wrong again. It seems there is another up-step. After the People’s Bank of China dropped $47 bln of money into its financial system (where bond yields have risen dramatically amid growing signs of wobble), the game’s afoot once more. The result is global stocks bound upwards. Again. It suggest Central Banks have little to worry about in 2018 – if markets get fraxious, just bung a load of money at them.

Personally, I’m not convinced how the tau of monetary market distortion is a good thing? Markets have become like Pavlov’s dog: ring the easy money bell, and markets salivate to the upside.

Of course, stock markets don’t matter.

The truth is in bond markets. And that’s where I’m looking for the dam to break. The great crash of 2018 is going to start in the deeper, darker depths of the Credit Market.

I’ve already expressed my doubts about the long-term stability of certain sectors – like how covenants have been compromised in high-yield even as spreads have compressed to record tights over Treasuries, about busted European regions trying to pass themselves off as Sovereign States (no I don’t mean the Catalans, I mean Italy!), and how the bond market became increasingly less discerning on risk in its insatiable hunt for yield. Chuck all of these in a mixing bowl and the result is a massive Kerrang as the gears of finance explode!

Well.. maybe..

I’m convinced bond markets are the REAL bubble we should be watching. 

I’m convinced it’s going to start in High Yield.. so let’s start by talking about Collateralised Loan Obligations – the CLO market. Did you know that since the Global Financial Crisis (GFC) in 2008 only 20 out of 1392 deals have seen their riskiest tranches default? (I pinched the numbers from a Bloomberg article.) When I quoted these numbers in the office everyone was surprised.. Surely losses were greater?

Of course not.

It wasn’t just banks that benefitted from Too-Big-To-Fail. (TBTF) Most CLOs did very well. In 2008 smart credit funds realised they would benefit on the back of TBTF and did exceeding well out buying cheap CLOs from panicked sellers. As the GFC unfolded in the wake of Lehman’s default, the global financial authorities pulled out the stops to stop contagion. Banks were unwilling to realise further losses, interest rates plummeted, meaning the highly levered companies issuing the debt backing CLOs survived and were better able to repay their existing debt.

The 2008 GFC was about consumer debt – triggered by mortgages. We still have consumer debt crisis problems ahead (in credit cards, autos and student loans). There is also the fact Consumers have suffered most these past 10-yrs as massive income inequality has left them paid less and paying more for everything – which is most definitely going to come back and haunt markets at some point.

But, I do think the next Financial Crisis is likely to be in Corporate debt, and will be an credit market analogue to the consumer debt crisis of 2008. The Hi-yield market is the likely source - as markets recovered banks started lending again, and low rates forced investors out the credit-risk curve to buy returns. The funds who used to buy nothing but AAAs are now buying speculative single B names. Such is the demand for assets, these companies have been able to lever up and refinance, increase leverage and refinance further, at ever faster rates.

It’s been exacerbated by private equity fuelling returns through debt.  As demand has increased exponentially, borrowers have been able to slash Covenants, making it easier and simpler for over-indebted companies to raise more and more dosh.

Where does it end?

As rates rise we’re going to see the “Toys’R’us” moment repeated on a grand scale. The rise of and fall of Zombie companies that simply can’t meet debt payments is bound to contage not just the rest of the credit market, but also stocks. 

More immediately, the realisation a crisis is coming feels very similar to June 2007 when the first mortgage backed funds in the US started to wobble. (The first few pebbles rolling down the hill before the landslide?) It explains why we’re seeing the highly levered sector of the Junk bond markets struggle, and companies correlated to struggling highly levered consumers (such as health and telecoms) also in trouble.

Basically, the very little is really fixed since the 2008 financial crisis. 10-years later, here we are with the next bubble about to burst. Corporate debt watch out.

Which leads us to the UK Housing Sector…

A few days I commented on how UK house prices have risen 50% over the last 5-years – a period which has seen incomes stagnate. The result is its practically impossible for anyone on a normal salary to even contemplate ever affording their own house – a very good article in the FT yesterday saw the author explain he’d have to save 20% of his gross income for 60 years to be able to put down a deposit on the bed-sit he lives in!

In short, the great myth of the Thatcher generation is dead. The dream of home ownership in the UK won’t happen for our children’s generation.. They will be forced to rent, and that’s a very expensive market here in London. At the moment a mortgage is far cheaper than renting – but as rates rise that will correct a little. 
Somehow we have to create decent rental accommodation at a cost comparable or below mortgages. After all, if you own a house you save money on accommodation, and you get all the upside from appreciation of the asset.

Historically, housing has been a better performing asset to own than even stocks - so perhaps there is even a tax angle there, but one no sane politician would date to broach. 

To make it happen we need to encourage public and private landlords with the where-with-all to build new quality rentals - and surprisingly this may be possible under current government polices announced yesterday such as privatising the Housing Associations. As this point regular readers will be in shock – “Blain praising the government? Pass the smelling salts”!

Insurance and pension funds will fund the assets - they know house are literally "safe as houses"!  There is a clear role for Housing Associations to become even more important quality providers of rental/social accommodation.

The big risk is some political fool will decide to enhance their electoral prospects with some ill-conceived "right-to-buy" policy which will simply fuel expectations, drive up consumer borrowing, and fuel a boom market once more putting property out of reach for the masses. 

Meanwhile, I suppose we should be worrying about the fact Merkel still can’t put a government together, the fact it’s now pay to get out of jail in Saudi, and all the other noise. Will anyone be listening to Theresa Maybe in Brussels today?

Putin: New World Order Are in Final Stages Of Their European Master-Plan.

政府指長生津將優化 非迫長者工作不靠福利

on.cc東網專訊

政府公布去年香港貧窮數字,長者貧窮情況成為焦點。政務司司長暨扶貧委員會主席張建宗今午(17日)在記者會上承認,恒常現金政策介入後,貧窮率仍有上升,是因社會已消化現金政策,加上人口老化問題,「每年有5萬至6萬人進入65歲」,變相抵銷了政府幫助,成為挑戰。

張建宗指,長者生活津貼將進行優化,屆時長者每月可領取約3500港元,及一筆過取得1萬多港元,相信2018年會有十多萬長者受惠,現時雖未能評估有多大幅度改善,但相信有明顯幫助,強調措施需要時間才可「落到地」。

張又指,政府在全民退保議題的立場明確,以有限資源集中幫助有需要長者,重申並非強迫長者外出工作而不依靠政府福利,只是為有意工作的長者提供工作誘因,鼓勵就業。

至於低收入在職家庭津貼在去年5月推行,政府亦公布了低津的扶貧成效。低津推行後,扶貧委員會估計投放金額達6億港元,脫貧人數為2.29萬人,貧窮率減幅達0.3%,當中以有兒童的貧窮住戶減少最為顯著,有5100戶脫貧,約2.14萬人,當中9500人為兒童。

不過,特首林鄭月娥早前提到,低津推出後,有望降低貧窮率2%,惟去年貧窮率仍不跌反升。張建宗解釋,2%是以當時人口入息計算,未有估計工時及資產情況,加上申請反應未如想像中熱烈,受惠人數亦較少,因此政府將大刀闊斧改革低津,相信2018年貧窮人口會有改善。

BOE Warns Weekly Fund Redemptions Of 1.3% Would Break Corporate Bond Market

www.zerohedge.com

The Bank of England has done some timely and truly eye-opening research into the resilience of corporate bond markets. The research is contained in the Bank of England Financial Stability Paper No.42 and is titled “Simulating stress across the financial system:  the resilience of corporate bond markets and the role of investment funds” by Yuliya Baranova, Jamie Coen, Pippa Lowe, Joseph Noss and Laura Silvestri.

The starting point of the analysis is to revisit the Global Financial Crisis (GFC) which saw $300 billion of related to subprime mortgages amplified to well over $2.5 trillion of write-downs across the global financial system as a whole. One of the problems was that the system was structured in a way that did not absorb economic shocks, but amplified them. The amplification came via a feedback loop. As the crisis unfolded, fears about credit worthiness of banks led to the collapse of interbank lending. Weaker banks had their funding withdrawn, which led to a downward spiral of asset sales and the strangling of credit in the broader economy.

The paper notes that, since then progress has been made and the Bank of England’s stress tests now include the feedback loop created by interbank loans.

Indeed, the 2016 test showed that the potential for solvency problems to spread between UK banks through this channel has “fallen dramatically” since the crisis. Furthermore, interbank lending has been cut back and is more often secured against collateral.

The report cautions that other feedback loops might be present, especially since banks only account for about half of the UK financial system. Indeed, a key objective for regulators is to assess how the non-bank part of the system – termed “market-based finance” in the paper, responds to economic shocks. In particular, could the non-bank system, which trades “market-based finance” (principally bonds), amplify shocks in a similar way to the banking system during the last crisis? The report characterises market-based finance and the related risks as follows.

The system of market-based finance includes, among other parts, investment funds, dealers, insurance companies, pension funds and sovereign wealth funds. It supports the extension of credit and transfer of risks through markets rather than banks. It has expanded rapidly since the crisis.  At the global level, assets held by non-bank financial intermediaries increased by more than a third since the financial crisis. The potential spillover effects in market-based finance centre on ‘fire sales’ of assets, which affect prices of financial assets and functioning of markets.  Participants in this part of the system can face incentives, or be forced into, sudden asset sales.

The report sees the potential for another dangerous feedback loop developing from falling asset prices which lead to declines in net worth, prompting a withdrawal of funding which leads to more asset sales and further falls in prices. They are hardly reinventing the wheel here and what they’re really describing is the evidence that investors often behave pro-cyclically. It raises the valid concern that pro-cyclical behaviour is most dangerous in less liquid assets with short-notice redemption – the classic liquidity mismatch. The post-Brexit problem in 2016 in UK commercial property funds was a great example.

These dynamics were illustrated clearly in 2016 in funds investing in UK commercial property.  With the property market in hiatus following the United Kingdom’s referendum on membership of the European Union, these open-ended funds faced redemption requests from investors concerned about the prospect of future price falls and fearing that other redemptions would force the funds to suspend.  The process was self-fulfilling and many funds were forced to suspend redemptions.

The report goes on to highlight the challenges for broker-dealer liquidity and hedge funds if asset managers aggressively sell securities in a crisis. It’s obvious stuff, i.e. that broker-dealer are less able to warehouse securities and less able to provide funding to hedge funds, which might be buyers, and could become forced sellers. The BoE models what would have when one type of shock - redemptions by open-ended funds - trigger selling by the funds with spillover effects for broker-dealers and hedge funds.

The paper that follows seeks to model how the aggregate behaviour of several sectors within the system of market-based finance, including investment funds and dealers, could interact to spread and amplify stress in corporate bond markets.  That focus stems from the growing importance of bond markets to the financing of the economy, alongside the rapid growth in holdings of such bonds in fund structures.  It does not focus on individual companies; the analysis is conducted at a sector level.  It is not concerned with the capacity of the sectors to absorb losses.

Basically, the model estimates the sensitivity of investment grade corporate bonds yields in Europe if funds sell the equivalent of 1% of their total assets on a weekly basis – which was similar run rate to the redemptions in October 2008 (4.2% over the month – see below). Since then, however, broker-dealer capacity has contracted and investment grade issue issuance risen sharply. Importantly, it also addresses the scale of redemptions which might overwhelm the ability of broker-dealers and hedge funds to absorb the selling. The model assumes that there is a shock leading to an initial round of redemptions which prompts investment funds to make asset sales. Broker-dealers require lower prices to compensate them for absorbing the selling which leads to a second round of redemptions and selling. After that, further selling “breaks” the market and leads to dislocated prices on the downside.

The paper explains the market-breaking points as follows.

The level of redemptions at which the second-round price impact line ends is where dealers reach the limit of their capacity to absorb those asset sales by funds not purchased by hedge funds.  We assume that market liquidity is tested at this point and refer to it as the market-breaking point. Transactions could still occur beyond this point — for example, if a dealer can immediately match a buyer and seller or if it sells other assets to purchase corporate bonds — but are assumed to take place at highly dislocated prices.

Conclusion:
The BoE paper estimates that a weekly level of redemptions from funds equivalent to 1% of their assets would increase investment grade corporate bond yields by 40 basis points. However…this is the key…it estimates that initial redemptions equivalent to only 1.3% of assets on a weekly basis would be “needed to overwhelm the capacity of dealers to absorb those sales, resulting in market dysfunction”, i.e. the market-breaking point. It describes this as an “unlikely but not impossible event.”

We disagree, we are in a far bigger bubble than 2007-08.

經參:內地啟動首次跨省房地產違規大檢查

NOW財經

【Now新聞台】內地啟動首次跨省房地產違規大檢查。
新華社旗下《經濟參考報》報道,近日住建部和發改委聯合發布,商品房銷售價格行為聯合交叉工作方案,將重點對北京、南京、蘇州、杭州、廣州、西安等地進行交叉檢查。根據相關人士介紹,今次檢查不再由地方自行檢查,而是由其他省份相關檢查人員進行檢查。

報道又指,近期多地掀起大規模房地產違規檢查風暴,對於誤導、炒作、暗中加價等違規銷售行為,輕則公開通報、處罰和列入各地失信黑名單,重則追究刑事責任,限制拍地甚至禁止市場准入。

中國恒大主席許家印首次成中國首富

NOW財經

【Now新聞台】財經雜誌《福布斯》公布2017年中國富豪榜,中國恒大主席許家印首次成為中國首富。
許家印憑旗下中國恒大股價大升,令身家升至425億美元,排行中國富豪榜榜首。

第二和第三名為騰訊主席馬化騰和阿里巴巴主席馬雲,分身家分別有390億和386億美元,與2016年排名相比,馬化騰和馬雲位置對調。

去年首富萬達集團董事長王健林則跌至第4位,身家按年減少近80億美元,至到252億美元。

第五位是順豐創辦人王衛,身家有223億美元。

2017年11月16日 星期四

科學園8億建創新斗室招人才 要政府注資7成

on.cc東網專訊

科學園擬建「創新斗室」,提供500個住宿單位,吸引創新科技人才,發展成本估計為8億港元,但被質疑為何要政府注資70%。創新及科技局解釋,融資安排要顧及科技園公司財務狀況及現金流量預測,包括將會進行的融資項目和新措施,以及要維持足夠現金結餘,應付運作需要及預期以外的業務風險。

當局提交立法會文件稱,科技園公司現已承擔44.53億港元貸款,以及7.903億港元連帶利息,並須於2035/36年度前全數償還。若「創新斗室」以100%商業貸款融資,科技園在2024/25年度的現金結餘將錄得負數,而於另外3個年度則低於2億港元安全水平。如此沉重的財務負擔會嚴重影響科技園財政穩健性,使其難以在遵循審慎商業理財原則運作的同時,履行促進創新及科技發展的使命。

「創新斗室」連家具單位面積約18平方米,預計2020年落成時,月租介乎8000至10,000港元,約為鄰近地區類似質素物業(不連家具)的市值租金60%。

【市後重點睇】美經濟數據陸續出爐

on.cc東網專訊

美匯指數窄幅上落,現報93.9;圓匯報113.17美元。金價報1,277美元;油價回穩,布蘭特期油升0.16%,報55.41美元。市場關注周四晚上,美國有多項經濟數據出爐,道指期貨最新升43點。

●市後關注點
-17:30 英國10月核心零售銷售
-18:00 歐元區10月CPI終值
-21:30 美國11月11日當周首次申請失業救濟人數、11月費城聯儲製造業指數
-22:10 美國克利夫蘭聯邦儲備銀行總裁梅斯特(Loretta Mester)講話
-22:15 美國10月工業產出
-23:00 美國11月NAHB房產市場指數
-次日02:10 美國達拉斯聯邦儲備銀行行長卡普蘭(Robert Kaplan)講話
-次日04:00 歐洲央行副行長Vitor Constancio講話
-次日04:45 美聯儲理事布雷納德(Lael Brainard)在會議發表演說
-次日05:45 三藩市聯邦儲備銀行行長威廉斯(John Williams)在亞洲經濟政策會議上講話

●受騰訊及內險股帶動,港股顯著反彈,恒生指數重上二萬九關,收市報29,018點,升167點或0.58%。國企指數收報11,533點,升121點或1.06%。主板全日成交1,138億港元。股王騰訊季績有驚喜,花旗最牛睇606元。騰訊股價升2.3%,收報391.8元。

●滬深股市低開後升跌不一,滬綜指失守3,400點關口,全日收報3,399點,跌3點或0.1%;深成指升75點或0.66%,報11,537點;滬深300指升31點或0.77%,報4,105點;創業板指升10點或0.54%,報1,878點。貴州茅台再創新高,收市升4.51%,報719.11元。

●歐股小幅上揚,當中英國富時100指數報7,381點,升0.1%;法國CAC指數報5,321點,升0.4%;德國DAX指報13,029點,升0.4%。

●積金局表示,截至今年10月底已有63個強積金基金減價,最多減54%。
http://bit.ly/2zI4Snc

●【板塊分析】半新股成焦點,策略宜攤凍嚟食。
http://bit.ly/2zIbF01

●外管局:10月銀行結售匯順差183億人幣。

●統計處:香港最新失業率降至3%。

●AI盛行時代,打工仔點樣保住競爭力?
http://bit.ly/2z6hcOT

●福布斯中國富豪榜出爐,恒大許家印成首富。

●薈蕎周五開售105伙,傳超購逾5倍。

●匯璽II開價,開放式折實入場費約563萬元。

●房委會:11月至今第二市場成交暫錄23宗。

●瑧蓺料日內開價,周六開示範單位。

相關新聞:
-【多圖】瑧蓺一房示範單位率先睇。http://bit.ly/2AQi1bT
-【多圖】瑧蓺兩房示範單位首度曝光。http://bit.ly/2zNrgth

置有心得:買賣物業要識揀律師樓

on.cc東網專訊

很多人誤以為樓宇買賣法律手續是例行手續,兼且過程簡單,連一名普通文員可辦理,手續亦不帶風險,但根據過往事例証明,這種看法是錯誤的。

曾經有一名業主購入單位時由律師作代表去處理相關文件,幾年後放售時買方律師發現其中一名業主之授權書上之簽名與身份証明文件與樓契上之記載有出入。

而當時賣方的代表律師未能解答買方之業權查問致令交易告吹,最後賣方唯有告該代表律師,法庭亦判該代表律師疏忽。

從以上例子可見,在樓宇買賣的過程中,律師樓有很重要的角色及功能,當中包括:

其一,買賣合約是一份具有效力的法律文件,違約可導致官司,毀約一方要賠償;

其二,律師驗契不力,會買入壞業權的物業,令轉手不成;

其三:律師解答買方律師業權質詢不力,會引發「踢契」官司;

其四:按揭文件處理不慎,會令銀行拒絕交付按揭貸款,可見律師樓稍一不慎,就會導致不必要的損失,故此一定要慎選律師樓。

最後,要注意一點,置業者不時誤以為,可以在買樓或賣樓過程中,由自己委派的律師樓代辦按揭或贖樓。事實上,辦理按揭或贖樓的律師樓,必須是銀行所「核准」(approved)的律師樓,每間銀行都備有一張「名單」(list),只有在名單上的律師樓才可以代表相關銀行辦理該銀行的按揭和贖樓手續。

利嘉閣按揭代理董事總經理 黃詠欣

積金局:有63個強積金基金減價 最多減54%

on.cc東網專訊

滙豐銀行及恒生銀行(00011)公布12月起調低強積金基金管理費,積金局對此表示歡迎,指是次減費令數以百萬計的強積金帳戶持有人受惠。

積金局發言人表示,今年4月推出的預設投資策略(DIS),為市場帶來指標作用,對其他強積金基金管理費帶來下調壓力。截至今年10月底,市場上已經有63個強積金基金減價,最高減幅達54.55%。強積金基金平均基金開支比率亦已由2007年12月底的2.1%,下調至今年10月底的1.55%,減幅達26%。

積金局估計,隨着是次收費調整,基金開支比率將會進一步下調,預期其他強積金服務提供者會進一步降低強積金基金收費,令更多計劃成員得益。

中國9月減持美債197億美元 年初以來首次

on.cc東網專訊

美國財政部公布,中國9月持有美國國債下降197億美元,為1月份以來首次下降,至1.18萬億美元,但仍然是美國第一大海外債權國。

日本9月持有美債下降57億美元,至1.1萬億美元。

另外,美國9月國際資本淨流入減少513億美元,前值增加1,250億美元修正為增加1,302億美元。美國9月長期資本淨流入增加809億美元,前值增加672億美元修正為增加732億美元。

魚缸通:散戶「瀨哂嘢」好燥!

on.cc東網專訊

易鑫集團(02858)周三暗盤曾高見11.5元,唔少散戶都以為周四首掛會再衝高,不過事實係殘忍嘅!早間易鑫衝高即回調。

大埔分行經理Gordon話,早間易鑫回落至8.1元低位之際,唔少散戶以為「有筍嘢執」,個個猛入貨,點知見股價唔係好郁,先知「瀨哂嘢」,好快全部人一齊「高空擲物」!

所以,見到唔少散戶都好燥底,個個鬧:「易鑫、易鑫,今次真係比佢陰到喇」,「咁多隻新股最渣就係易鑫,冇鬼用!」

Gordon認為,近期眾多新股嚟講,佢最睇好閱文集團(00772),除咗有騰訊控股(00700)照住,業務仲好獨特,不過依家估值就高咗啲。

未來1、2個月基金年結,Gordon覺得大市唔會有太大波幅。

中世紀寶藏法國修院出土 有金幣戒指

on.cc東網專訊

法國里昂大學的學古學家團隊周二(14日)宣布,成功於本年9月在位於中部勃艮第大區的克呂尼修道院(Cluny Abbey),發掘出一大批有逾800年歷史的中世紀珍貴寶藏,當中包括不少金銀珠寶。

報道指,是次的發現除了有超過2000顆錢幣及大量金器外,另外還有21顆第納爾金幣及一隻作佩戴用途的金戒指。團隊形容是次發現「非凡卓越」,但未肯定寶藏為何會藏於修道院,以及寶藏主人為何沒有取回。

據資料,克呂尼修道院建立於公元910年,是中世紀西歐其中一間規模最大的修道院。克呂尼修道院曾發起了天主教的改革運動,在其後的200多年對天主教會有極大影響。

全球大學就業能力榜出爐 科大亞洲屈居第二

on.cc東網專訊

英國《泰晤士報高等教育》公布2017年全球大學就業能力排名,排名首3位依次為美國加州理工學院、哈佛大學及哥倫比亞大學,亞洲區則以日本東京大學排名最高,全球排名第9位,香港科技大學緊隨其後全球排名第12位,較去年上升1位,在亞洲區居次,力壓排名16的新加坡國立大學,並大幅拋離香港其他院校。

排名根據一項大型調查結果而定,調查在今年5至9月訪問全球22個國家超過2500名負責招聘的經理,以及3500名國際公司管理層,以了解各地公司聘請人才的準則及點評他們認為能培養最佳畢業生的大學。各參與評分的公司涵蓋不同行業,僱有逾5000名員工。

香港有4間大學打入全球首150位,科大排名最高,大幅拋離其他香港院校,香港大學排名71位,較去年跳升6位,中文大學亦上升3位至排名82位,城市大學排名由138位上升至134位。科大表示,科大畢業生就業能力已連續5年高踞大中華榜首及全球首20名,校長陳繁昌對2017年的排名上升感到欣喜,亦肯定了該校畢業生個人素質及工作能力。

《泰晤士報高等教育》分析,亞洲大學的表現愈來愈好,他們能夠培訓出國際企業需要的人才,特別是數碼技術的提升,令畢業生的就業能力備受認同。大學注重學生的全人發展,改善學生的人際溝通技巧及團隊精神,以及與業界保持緊密聯繫,亦能確保畢業生具備良好的就業能力。

2017年全球大學就業能力排名(部分):

1. 美國加州理工學院
2. 哈佛大學
3. 哥倫比亞大學
.
9. 東京大學
.
12. 香港科技大學
.
16. 新加坡國立大學
.
71. 香港大學
.
82. 中文大學
.
134. 城市大學

(資料來源:《泰晤士報高等教育》)

【歷史重演?】接連誕地王 樓市恐見頂

NOW財經

【Now新聞台】信和置業財團投得長沙灣住宅地,刷新了年初中資財團所創的紀錄。地價一年兩度破頂,是否樓市見頂訊號?
今次新地王所刷新的地價總價紀錄,是在今年2月由龍光地產及合景泰富所組成的財團,以168.56億元投得鴨脷洲利南道的住宅地,令市場嘩然,亦令人關注中資財團進軍本港地產市場。

而鴨脷洲地皮所破的上一個地價紀錄,是事隔20年前,在1997年由信置財團以118.2億元投得的小西灣地皮,即是目前的藍灣半島。

其後香港樓市泡沫爆破,今次會否歷史重演?

冠域商業及經濟研究中心主任關焯照表示,行政長官林鄭月娥發表施政報告後,市場認為政府有能力控制樓價的預期降低,二手樓價繼續上升。

事實上,本港樓價愈升愈有,根據中原城市領先指數,本港二手樓價今年至今升約10%,較1997年高位高出57%,並較2003年低位反彈逾四倍。

2017年11月15日 星期三

【市後重點睇】日圓跌穿113關 道期挫近百

on.cc東網專訊

美元走勢偏弱,美匯指數報93.49;美元兌日圓跌破113關口,最新報112.84,跌0.54%;歐元走強,最新報1.184美元,升0.35%。金價報1,284美元;紐約期油及布蘭特期油分別報55.16及61.64美元。道指期貨最新跌96點。

●市後關注點
-16:00 美國芝加哥聯儲銀行行長埃文斯(Charles Evans)在瑞銀歐洲會議發表演說
-17:30 英國10月失業金申請人數變動、失業率和9月三個月ILO失業率
-21:30 美國10月CPI、10月零售銷售和11月紐約聯儲製造業指數
-23:00 美國9月商業庫存
-23:30 美國能源信息署(EIA)發布政府版原油庫存周報
-周四凌晨05:10 美國波士頓聯儲銀行行長羅森格倫(Eric Rosengren)發長講話

●港股連日回吐,恒生指數低開126點後跌幅擴大,二萬九關隨即失守,並以全日低位28,851點收市,跌300點或1.03%。國企指數收報11,412點,跌188點或1.63%。主板全日成交1,151億港元。

●獲大行瑞銀最牛睇450元的騰訊,第3季賺逾180億元人民幣,按年增69%,勝預期。

●滬深股市低開低走,滬綜指全日收報3,402點,跌27點或0.79%,連跌兩個交易日;深成指跌120點或1.04%,報11,462點;滬深300指跌25點或0.63%,報4,073點;創業板指跌28點或1.51%,報1,868點。

●歐股早市向下,當中英國富時100指數報7,386點,跌0.4%;法國CAC指數報5,302點,跌0.2%;德國DAX指報12,965點,跌0.5%。

●【板塊分析】資金輪流炒,燃氣股接力。
http://bit.ly/2AJ3Epw

●新股專輯:易鑫暗盤飆49%。

●中銀監:要求政策性銀行建立資本約束機制。

●金正恩到訪化妝品廠,北韓礦泉水獲批入南韓。

●Apple力拓AR,傳iPhone將設前後3D傳感器。

●中銀人壽推年金計劃,設計靈活可應急周轉。

●MSCI中國A股指數中文版本「擺烏龍」!
http://bit.ly/2jqE3O1

●【股匯攻略】日圓轉強,避險情緒或升溫。
http://bit.ly/2AKXZiR

●信和置業以172.88億元奪得長沙灣興華街西對出住宅地。

●銅鑼灣商業街蟬聯亞洲租金最昂貴。
http://bit.ly/2AI4Dpf

●【多圖】匯璽II一房示範單位曝光。

朱凱廸怪招拉布失時效 一地兩檢議案通過

on.cc東網專訊

立法會今日(15日)繼續審議政府提出的高鐵西九龍站一地兩檢議案。下午以38票贊成、22票反對,議案獲得通過。

運輸及房屋局局長陳帆在表決前總結發言提到,高鐵香港段工程在規劃、申請撥款、施工等環節都備受社會關注,且涉複雜憲制、法律、保安等考慮。他指,符合一國兩制、不違反《基本法》、運作切實可行、有效處理保安風險、排除保安漏洞、保障國家及香港的安全,是必要條件。他強調,西九龍總站做一地兩檢,是最佳方案,亦是最妥善安排,只要各方平心靜氣,務實看待,便不作他想。

陳帆表示,香港一直不遺餘力發展成為立體三維海陸空交通樞紐,高鐵在全球日漸普及,香港應爭取與國家網絡接軌,而香港與內地早於2007年已在深圳灣實施一地兩檢,至今運作暢順,一地兩檢本質上是跨境運輸便利市民的措施,屬民生事項,籲議員支持議案。

律政司司長袁國強總結發言表示,一地兩檢議案雖無法律約束力,但政府提出議案是基於對立法會的尊重,配合議員履行監察政府的職責。因議員代表不同界別及選民,故聽取立法會意見是有效諮詢方式,強調政府並非漠視民意。

袁國強又指,自政府向立法會提交方案,官員已透過不同渠道解說,已提供相當充實的資料,理解社會上對方案有不同問題,但不代表每當社會人士認為有問題就要擱置,要顧及整個社會不同人士的需要及意見,以香港整體利益為依歸。他又批評議員形容方案為「割地兩檢」、「自閹」等是抹黑一地兩檢。

保安局局長李家超表示,有建議內地執法人員在西九龍站內地執法區只行使通關法律,惟有關建議並不可行,因為口岸通關程序或涉通關以外的刑事執法,難以排除哪些法律與通關無關。如果只容許內地人員執行通關相關法律,或會出現兩地法律及司法管轄權重疊的情況,讓被捕人士有機會循司法挑戰,如有關人士在香港羈留過長,對香港會造成風險。

立法會本月初辯論一地兩檢議案時,立法會議員朱凱廸使出「拉布」怪招,動議要求傳媒及公眾人士在立法會辯論一地兩檢議案時離場。立法會主席梁君彥今在會議上表示,朱凱廸提出的議案只影響當天的會議,今日已失去時效性,故不會再處理朱凱廸的議案。

資訊科技界議員莫乃光、會計界議員梁繼昌及議員陳志全就提出規程問題,要求主席容許仍未發言的議員發言。梁君彥回應,上次會議辯論一地兩檢議案時,已沒有議員要求發言,故他當時已邀請官員作總結發言,如現時再容許議員發言,等於破壞一貫做法,故拒絕再讓議員發言。

【午市重點睇】美匯低企 布油跌至61水平

on.cc東網專訊

美匯指數93.8水平徘徊;圓匯報113.16。金價企1,281美元;布油回至61.44美元。日股半日挫208點。

●恒指中午收報28,937點,跌214點。國指半日收報11,429點,跌172點。主板半日成交646億元。

-股王騰訊公布季績前偏軟,半日跌跌0.8%。「小騰訊」閱文集團跌0.9%仍企百元關。
-中資金融股全線向下,4大內銀股跌0.7%至1.3%。新華保險急跌3.7%;中國太保跌2.7%。
-汽車股回吐,比亞迪股份跌4.4%。

●「Money18好路數」預測中國移動下個交易日逾5成機會下跌。保利協鑫能源進佔「東網Money18人氣股榜」第8位。http://money18.on.cc/info/liveinfo_hot.html

●【名家畀料】吉利汽車前景可觀。http://bit.ly/2iV7GmG

●滬綜指半日跌24點,收報3,405點;深成指亦大跌170點,收市報11,412點;滬深300跌33點,至4,066點;創業板指數收跌31點,報1,865點。高盛再上調茅台目標價,12個月目標價調升18%至881元人民幣。

●新股易鑫超購逾560倍,一手中籤率10%。http://bit.ly/2zD0kyr
-新股榮威以4.38元下限定價。
-新股新興印刷超購44倍,定價1.38元。
-新股靛藍星認購2手可穩獲1手。

●發改委:第3批國企混改試點31間。http://bit.ly/2hzWorB

●港元1個月拆息企0.79厘。

●人行逆回購3,300億元人民幣,淨投放2,200億元人民幣,為4周以來最大規模。

●人民幣兌美元中間價升136點子,報6.6263。

●人民幣速遞:Shibor隔夜拆息跌至2.806厘。

●豐田汽車料2050年全球停售燃油引擎汽車。http://bit.ly/2AKrYqW

●經合組織︰瑞士央行須就縮表釋放清晰信號。http://bit.ly/2iXZgLh

●日本經濟再生大臣茂木敏充:現財年將追加預算。

●唱對台!鱷王盡沽Apple,股神持股增至210億美元。http://bit.ly/2z2zRex

●敏華控股中期溢利7.93億港元,按年跌10.2%,中期息每股0.13元。

●監管層出殺手鐧,內地比特幣礦場被「停電」!http://bit.ly/2iXbG6e

●來寶開始就資本結構與利益相關方商談,並將優先討論近期流動性問題,曾漲逾8%。

●工商專題:潮流興短租,大節流流銅記大舖走唔甩。http://bit.ly/2AINM6q

倘沙特與伊朗開戰 油價恐短期飆上200美元

on.cc東網專訊

外國傳媒報道,近期投資者一直較為關注美國與北韓的「口水戰」,稍為忽略了中東局勢亦趨緊張,沙特阿拉伯及「世仇」伊朗開戰的可能性不亞於美國與北韓,機會甚至更高。若跟往績,一旦開戰,全球經濟除了會陷入衰退外,油價可能會短期內癲見每桶200美元。

回顧上周,也門叛亂分子向利雅得附近的沙特機場發射了導彈,幸而被攔截,但無疑已激怒沙特,稱這次襲擊是「伊朗軍事侵略的戰爭行為,保留回應權利」。一旦雙方開戰,石油運輸渠道就會被堵塞。

由於單是沙特及伊朗石油供應已佔全球約20%,回顧歷史,一旦供應受阻,對全球經濟將帶來災難影響,例如1957年蘇伊士運河危機危機,一度使全球石油產量驟跌10%,在1個月內美國和歐洲經濟衰退,持續了大半年。

又例如在1973年,中東贖罪日戰爭爆發,石油輸出國組織(OPEC)宣布石油禁運,油價短期內狂飆兩倍,再令美國經濟衰退兩年。若一切像1973年,由於現時油價處於約每桶60美元水平,狂飆兩倍就會見每桶逾180美元。

值得留意的是,儘管美國頁岩油開採技術愈來愈成熟,但現時仍像1973年,美國從波斯灣進口的石油佔總消耗量8%,一旦受阻,估計美國石油進口總額可能會下降15%,是1957年及1973年的兩倍,如跟往績,足以令美國經濟衰退數年。其他不產油國家例如歐洲、東亞、日本、韓國,影響將更大。

美國10月PPI按年升2.8% 5年半最勁

on.cc東網專訊

美國10月生產物價指數(PPI)按月升0.4%,增幅高於市場預期的0.1%,主要是燃料價格帶動;PPI按年更升2.8%,增幅是2012年2月以來最大,並高於市場預期的2.4%。扣除食品和能源的核心PPI按月升0.4%,按年則升2.4%,均高於預期。

中國超級電腦數量破新高 超美國踞榜首

on.cc東網專訊

國際TOP500組織周一(13日)發布最新的「全球超級電腦500強」排名,中國以202部超級電腦超越美國,位居榜首。除了數量奪冠外,中國超級電腦「神威.太湖之光」與「天河二號」亦佔據排名的前兩位。

來自美國及德國的專家根據各國的超級電腦運算速度訂出排名,一年公布兩次結果。美國6個月前共有169部超級電腦上榜,位列首位;但今次僅有143部超級電腦上榜。相反,中國比半年前多了42部電腦上榜,成功追過美國。日本則有35部電腦上榜,位列第3。

同時,美國超級電腦「泰坦」的排名比上次再跌1位至第5位;第3及第4位的超級電腦則分別來自瑞士及日本。

2017年11月14日 星期二

Turks Just Bought The Most Gold Ever As Lira Tumbles

www.zerohedge.com

Since President Recep Tayyip Erdogan installed himself as 'Sultan for life', the Turks appear to have had a dramatic change of heart towards the barbarous relic...

The Turks have never imported a greater value of gold than in the last 12 months...

Addditionally, as Bloomberg reports, Bar and coin purchases, a measure of investment demand, were 47 metric tons so far in 2017, compared with 14.8 tons in the same period a year ago, according to a report from the World Gold Council published Thursday.

The weak lira and “President Erdogan’s pro-gold comments in November last year continued to lend support to the market,” the gold council said.

But it's not just the average Turk who is buying gold, Turkey’s central bank is also buying gold, increasing purchases by 30.4 tons during the third quarter.

While the central bank has cited a good old-fashioned diversification policy, some analysts speculated that the country could be shoring up reserves amid rising tensions between Turkey and its traditional Western allies.

A year ago, President Recep Tayyip Erdogan urged Turks to prefer gold to the U.S. dollar as a savings vehicle, and asked the central bank to support that policy.

And gold is doing exactly what it should do as faith in fiat falters.

The question is - just like in India - how long before Erdogan 'dictates' an end to gold imports, imposes tariffs, or confiscates the precious metal?
 

China Open Gold Trade in Yuan as Proxy for the Yuan

www.armstrongeconomics.com

China keeps moving gradually to open up their economy to international forces. The People’s Republic of China has expanded the trade in gold in yuan and thus the internationalization of the national currency is moving closer. Gold merchants from the industrial metropolis of Shenzhen have been trading their yuan gold at the Hong Kong Stock Exchange since last week. Previously, this was only possible for Hong Kong gold traders. While some immediately claim this is China attacking the dollar, they are completely ignorant of international capital necessities.

This new connection between Shenzhen and Hong Kong follows the Hong Kong-Shanghai agreement reached in July 2015, which allowed Hong Kong dealers to trade gold in mainland China for the first time. Trading gold in yuan has one primary advantage. It is not going to unseat the dollar, it is all about trying to make the currency free-floating on the world market. Because gold can be traded in yuan, the common converter becomes gold between that and the dollar. It is NOT really a gold trade as much as it is an indirect means to trade the currency.

To unseat the dollar requires a place to PARK big money in yuan. That does not exist right now. That day is coming after 2031. This is another step in moving toward a free-floating yuan contract. Essentially, this is a formal proxy for a free-floating yuan and will replace the Bitcoin trading that has been used as the proxy to get money out of China.

MAJOR ALERT: Remarkable Commercial Trading Moves In Silver & Crude Oil!

kingworldnews.com

With the price of silver moving back to $17 and crude oil hanging near $57, look at these remarkable commercial trading moves in silver and crude oil!

Here is an update on how commercials are positioning themselves in crude oil and silver…

The chart below shows commercials very close to all-time record short positions in the crude oil market.

Near All-Time Record Short Positions In Crude Oil

NEAR RECORD: 23-Year Chart Of Commercial Oil Shorts

Commercials Increase Short Positions In Silver

Below is a 23-year big picture look at the commercial short positions in the silver market (see chart below).

23-Years Of Commercial Short Positions In Silver

Also of importance…

There is one other chart of commercial short positioning that is extremely important…

If we take a look at what is happening in the “Total Energy” market it is quite fascinating.  For the past couple of weeks commercial short positions have increased in the Total Energy market and have now hit an all-time record (see 23-year chart below).

Commercial Total Energy Short Positions Hit All-Time Record!

If you  look closely at the chart above, commercials have piled in aggressively short “Total Energy.”  This suggests that there may be a great deal of downside in the energy market.  As for crude oil, a major danger signal is being flashed.  In the silver market there is a warning flag being waved as well.  Commercial short positions did not change noticeably in the gold market, where they remain short, but well off record levels.  KWN will keep a close eye on commercial positions and update when major changes occur.  In the meantime, it will be very interesting to see how these key markets trade in the coming weeks, particularly crude oil, which may see significant downside action.

【市後重點睇】四大央行舵手講話 道期跌32點

on.cc東網專訊

美匯指數報94.42;圓匯報113.91;英鎊受壓,最新跌0.02%報1.3113美元。金價報1,272美元。油價疲弱,紐約期油最新跌0.25%至56.62美元,布蘭特期油跌0.28%,報62.98美元。道指期貨最新跌32點。另外,留意4大央行首腦日內將發表講話。

●市後關注點
-17:00 IEA公布月度原油市場報告
-17:30 英國10月CPI
-18:00 歐洲央行舉辦央行溝通會議,美國聯儲局主席耶倫、歐洲央行行長德拉吉、英倫銀行行長卡尼及日本央行行長黑田東彥發表講話
-18:00 歐元區三季度GDP修正值
-21:30 美國10月PPI
-周三凌晨 2:02 美國亞特蘭大聯儲主席博斯蒂克就經濟前景和貨幣政策發表演講
-周三凌晨 5:30 上周API原油庫存變化(萬桶)

●港股高開低收,恒生指數早段升過百點,再創近十年高位,惟獲利盤隨即湧現,恒指收市報29,152點,跌30點。國企指數收報11,601點,跌82點或0.71%。主板全日成交1,082億港元。藍籌股個別發展,中國聯通跌2.3%表現最差;瑞聲科技回吐2.3%緊隨其後,6連升走勢終斷纜。吉利汽車升穿28元創新高,收報28.2元。

●滬深股市低開低走,滬綜指終止6連升勢頭,收市報3,429點,跌18點或0.53%;深成指跌112點或0.96%,報11,582點;滬深300指跌28點或0.7%,報4,099點;創業板指跌9點或0.51%,報1,896點。

●歐股早市個別發展,當中英國富時100指數報7,420點,升5點或0.07%;法國CAC指數報5,345點,升4點或0.08%;德國DAX指報13,074點,跌53點或0.4%。

●【板塊分析】光伏股起動有根有據。
http://bit.ly/2zFmakD

●搶攻影音串流 亞馬遜重金拿下《魔戒》電視劇版權!
http://bit.ly/2hxM5nx

●【圖表分析】中金公司有勢突破。
http://bit.ly/2z00mRG

●【股匯攻略】港股整固待變,伺機追勢。
http://bit.ly/2yZaoT2

●【大行報告】里昂料新秀麗第4季收入按年升17%。
http://bit.ly/2zBt0bq

●霸菱:港股或跑贏A股,消費升級及科技領頭。

●興勝創建半年多賺39%,中期息2.2仙。

●海信集團旗下上市公司海信電器,近8億元人民幣收購東芝電視業務。

●柏逸元朗低密度住宅52伙開價,一房連天台戶呎價達1.5萬元,挑戰元朗區新高。

●半個月內10大屋苑4個有銀主盤放售。

●君豪峰加推加價3%,入場費537萬元。

比特幣下月推期貨 分析預警「鬱金香爆泡」慘劇

on.cc東網專訊

虛擬貨幣「龍頭」比特幣恐臨泡沫爆破風險!芝加哥商品交易所(CME)董事長Terry Duffy周一表示,在12月第2周,即不足1個月時間,投資者就會看到比特幣期貨上市。換句話說,比特幣即將接受「賭跌」的沽空。

瑞銀分析員Paul Donovan預警,比特幣瘋潮已愈來愈似17世紀時的「鬱金香泡沫」,恐怕爆破在即。Donovan表示,就在1636年,市場推出了鬱金香期貨,等如現今比特幣期貨市場一樣,買賣雙方定下某日子成交的價格。結果「鬱金香泡沫」在翌年即1637年6月就爆破。

有虛擬貨幣狂熱投資者則認為,推出比特幣期貨是好消息,因令比特幣認受性進一步提高,資產邁向合法化。

近日比特幣大坐「過山車」,繼12日一度狂跌至5,555美元,較11月8日創下的歷史新高約7,888美元累冧29.5%後,現時大幅反彈逾千美元,高見6,747美元,低位勁彈21%,但仍較高位累挫約14%。

本次比特幣大上大落,主因上周日本加強認可比特幣,批准其支付方式合法化,使比特幣價格曾飆至歷史新高。不過,及後SegWit2x開發者取消升級計劃,令比特幣持有者憧憬「分紅」機會落空,一度令比特幣掉頭大跌。

美國收緊高血壓定義至130/80 近半數成年人超標

on.cc東網專訊

根據世界衞生組織,高血壓的定義是在休息狀態下,血壓持續高於140(收縮壓)/90(舒張壓)mmHg,美國自2003年起亦沿用至今。但美國心臟學會周一(13日)收緊高血壓定義至130/80,建議超標人士應盡早改變生活習慣,或服藥控制血壓。

美國心臟學會在加州舉行的年度學術會議上公布新指引,首次更改該國對高血壓的定義,確認達到130/80已可能出現相關併發症;正常血壓的定義則維持在120/80不變。收緊定義後,美國的高血壓人口由7200萬增至1.03億,佔全國成年人口46%。

新指引的首席撰寫人韋爾頓(Paul Whelton)表示,如果血壓達130/80,患上心血管疾病的風險已比血壓正常的人高一倍。他指,被診斷出高血壓不等於必須服藥,但卻是提醒人們要開始降血壓的警號,主要以非藥物方法,如多做運動、健康飲食、戒酒戒煙戒鹽、減壓等。 

on.cc東網專訊

美國心臟學會於周一(13日)收緊了新的高血壓定義至130/80,建議超標人士應盡早改變生活習慣,或服藥控制血壓。香港食物及衞生局副局長徐德義回應時表示,本港有檢視高血壓的指標,醫學界亦需要時間進行深入研究。而且會參考其他國家的定義,不會只留意個別國家的定義。現時香港不會急於追隨美國去改變。

徐德義認為,現時預防的原則亦不需要作大的改變,所以不擔心新高血壓定義會對本地醫療需求有大影響。他認為美國心臟學會收緊定義,是希望提高美國整體人口的健康水平,而局方亦會用一切方法減少疾病發生。

衞生署發言人指,據政府統計處在2014年度進行的統計調查,報稱患有經西醫診斷的高血壓患者數目估算為86萬人,佔全港人口總人數約12.6%。就血壓高的定義,當局會繼續密切留意最新的科學證據和發展,以作適切的跟進。

根據世界衞生組織,高血壓的定義是在休息狀態下,血壓持續高於140(收縮壓)/90(舒張壓)mmHg,美國自2003年起亦沿用至今。 

內地規模工業增加值增速放緩 民間固投佔比升

on.cc東網專訊

國家統計局公布,10月份全國規模以上工業增加值按年實際增長6.2%,預期升6.3%;增速按月回落0.4個百分點,按年加快0.1個百分點。

分經濟類型看,國有控股企業增加值按年增長6.6%,集體企業增長3.6%,股份制企業增長6.1%,外商及港澳台商投資企業增長6.5%。分3大門類看,採礦業增加值按年下降1.3%,製造業增長6.7%,電力、熱力、燃氣及水生產和供應業增長9.2%。規模以上工業企業產銷率達到97.8%。

1至10月份,全國規模以上工業增加值按年增長6.7%,增速與1至9月份持平,按年則加快0.7個百分點。

10月份社會消費品零售總額34,241億元人民幣(下同),按年增長10%,預期升10.5%;增速比上月回落0.3個百分點,與上年同月持平。1至10月份,社會消費品零售總額按年增長10.3%,增速與上年同期持平。

1至10月份,全國固定資產投資517,818億元,按年增長7.3%,增速比1至9月份回落0.2個百分點。其中,國有控股投資189,881億元,增長10.9%;民間投資313,734億元,增長5.8%,佔全部投資的比重為60.6%。

1至10月份,民間固定資產投資313,734億元,同比名義增長5.8%,增速比1至9月份回落0.2個百分點。民間固定資產投資佔全國固定資產投資的比重為60.6%,比1至9月份提高0.1個百分點。

1至10月份,全國房地產開發投資90,544億元,按年增長7.8%,增速比1至9月份回落0.3個百分點,其中住宅投資增長9.9%。房屋新開工面積145,127萬平方米,按年增長5.6%,其中住宅新開工面積增長9.6%。全國商品房銷售面積130,254萬平方米,按年增長8.2%,其中住宅銷售面積增長5.6%。全國商品房銷售額102,990億元,按年增長12.6%,其中住宅銷售額增長9.6%。10月末,全國商品房待售面積60,258萬平方米,比9月末減少882萬平方米。

10月份發電量5,038億千瓦時,按年增長大幅放緩至2.5%;1至10月份為51,944億千瓦時,按年增6%。

統計局表示,總的來看,國民經濟穩中有進、穩中提質,穩中向好的態勢持續發展。但也要看到,中國正處在轉變發展方式、優化經濟結構、轉換增長動力的攻關期,經濟發展不平衡不充分問題依然突出。

2017年11月13日 星期一

钉子户们没得玩了?罗湖旧住宅区改造新规!统一补偿+强制手段!

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8月23日,深圳市罗湖区住建局制定了《深圳市罗湖区旧住宅区改造实施办法(试行)(征求意见稿)》(下称“征求意见稿”),并向社会公开征求意见,征集意见截止时间为2017年9月6日。而该文件自发布之日起施行,有效期三年。

该文件明确,罗湖旧住宅区改造将采取“政府主导+国企实施+保障性住房(人才住房建设)”的模式。在部分深陷旧改僵局的签约业主看来,自家小区改造似乎看到了一丝曙光。

这份文件主要讲了什么?
适用范围

罗湖区行政区域内国有居住用地及商住混合用地上旧住宅区拆除重建类改造,即旧住宅区。

模式

“政府主导+国企实施+保障性住房(人才住房)建设”,其基本原则包括

① 政府主导,全程参与
由政府主导完成改造项目筛选、规划、补偿安置方案等旧住宅区改造工作的全程统筹协调。

② 国企实施,总包管理
国企作为项目(意向)实施主体,负责项目拆除、勘察、设计等总包管理。

③ 规划先行,统筹实施
政府制定旧住宅区改造总体规划及实施计划,并安排项目实施的先后顺序。

④ 统一标准,方式多元
政府制定《深圳市罗湖区旧住宅区改造搬迁补偿安置标准》,采取“原址回迁”、“异地安置”和“货币补偿”等多元化补偿方式。

⑤ 以人为本,公益为先
旧住宅区拆除重建后,除满足回迁安置需求外,应优先配建城市基础设施、公共服务设施、保障性住房和人才住房。

申报条件

① 集中成片、用地面积不少于10000平方米;用地面积少于10000平方米,但全体权利人同意异地安置的;

② 房屋使用年限在20年以上;

③ 全体权利人同意实施改造的书面证明材料。

意愿征集期限

不超过120个自然日,期限届满,同意实施改造的权利人比例未达到100%的,项目终止,且5年内不再受理该旧住宅区改造申请,但区城市更新工作领导小组认为确需改造且实施条件成熟的项目除外。

制定房企“黑名单

改造意愿征集工作由街道办组织开展,对市场主体违规进驻旧住宅小区开展意愿征集等活动进行清理,要求期限未搬离的市场主题,街道办可书面报送区城市更新局,经核实情况后,列入区城市更新企业黑名单,5年内不得在罗湖区从事城市更新业务

深圳旧住宅小区改造到底有多难?

该《征求意见稿》引发外界热议。自深圳实施城市更新以来,旧住宅区改造始终处于缓慢推进的状态,部分项目甚至已经停滞不前。迄今为止,深圳旧住宅区改造唯一成功的案例是鹿丹村旧改,目前已改造成豪宅项目入市。

而深圳首批纳入城市更新计划的八个住宅小区,仅鹤塘小区经过六年多的时间实现了100%的签约率,而其他7个项目仍处于拉锯战中,包括位于罗湖的木头龙小区以及金钻豪园。

其中,木头龙小区已经成为深圳城市更新“拆不动、赔不起、玩不转”的经典案例。从开发商进驻小区至今已有十年,签约率超过90%,但还有少数业主不愿签约。2014年7月,《已搬出业主致留守木头龙邻居们的倡议书》在网上流传,倡议书中已签约业主劝“钉子户”签约,让项目尽快启动。由于旧改陷入僵局,双方还曾发生过激烈冲突。

新政施行 钉子户还能拖吗?

对于业主而言,旧住宅区改造的拆迁赔偿是重点。该文件指出,政府制定《深圳市罗湖区旧住宅区改造搬迁补偿安置标准》,采取“原址回迁”、“异地安置”和“货币补偿”等多元化补偿方式;而参照此前罗湖棚改的安置补偿方案,“红本”住宅按套内面积1:1置换安置房,相当于建筑面积1:1.3左右。

《征求意见稿》规定,民事协商补偿签约,最长180天的签约期限,一旦正式启动项目,可对未签约房屋启动行政征收或行政处罚,强制拆除。罗湖作为旧住宅区最为集中的区域,有市场人士认为,这一点可以有效解决“钉子户”阻扰改造项目实施的难题。