Latest news with #WangQing
Yahoo
4 days ago
- Lifestyle
- Yahoo
New in town: Croissant & Co – Exquisite French pastries for your JB trip this weekend
Because no trip is complete without food and no meal is complete without dessert, why not stop by Croissant & Co's opening when you're in Johor Bahru? Croissant & Co's opening offers rows upon rows of delicate puff pastries in vintage glass cabinets, an Insta-worthy shot for all customers. But hey, looks aren't all they're known for here. These delectable treats are crafted with a keen eye. Their head chef Wang Qing attained his credentials from the renowned French pastry school , so you know these croissants are no joke! With the assurance of quality confirmed, what should you order? You will never go wrong with the Classic Croissant – delicate and buttery puff pastry hiding under a glossy domed top. Featuring that classic crisp outer shell and pillowy inner layers, it's a must-buy when you visit! If you were caught in the Dubai chocolate bar craze, you'd be captivated by the Pistachio Danish Roll. Oozing with decadent pistachio filling, this pastry will capture both your stomach and your heart. Now, don't get me started on their cakes. Their swiss rolls feature glorious sheets of fluffy sponge cake wrapped around a myriad of creams. Is it even possible to walk away with just one flavour? Plus, Croissant & Co's opening menu also includes tall slices of cake decorated with an adorable capybara! I don't know about you, but that's enough to make me whip out my wallet. Immediately. Croissant & Co's opened on 30 May, so if you're in JB as you're reading this, you know where to go. During their soft launch period from 30 to 31 May, all pastries are a whopping 50% off, while all cakes get a 20% discount. And for those who don't have a trip planned, consider this your sign to stop by whenever you can! Rumah Moq: Hidden dinner spot in JB with decent chicken chop & cheese burger from RM5 The post New in town: Croissant & Co – Exquisite French pastries for your JB trip this weekend appeared first on
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Business Standard
25-04-2025
- Business
- Business Standard
China boosts cash injection to shield economy from US tariff impact
China's central bank is boosting cash injection via one of its policy tools as it seeks to safeguard the world's second-largest economy from the impact of punitive US tariffs. The People's Bank of China will conduct 600 billion yuan ($82.3 billion) of one-year medium-term lending facility on Friday to maintain ample liquidity in the banking system, it said in a statement on Thursday. This will result in a net cash injection of 500 billion yuan via this tool in April, the largest since December 2023, according to Bloomberg calculations. 'The operation unleashes a signal of supportive monetary policy stance' as the economy embraces challenges in the trade environment, said Wang Qing, chief macro analyst at Golden Credit Rating. 'This is also to ensure liquidity conditions remain ample when the government's fundraising via special government debt issuances gathers pace.' Investors have been calling for further policy easing from the PBOC with the economy facing headwinds from US tariffs as high as 145 per cent. The latest bout of liquidity injection can help smooth over increased demand for cash during holidays in early May while supporting the issuance of special government bonds which kicked off this week. The PBOC revamped its method for pricing the MLF last month, to allow banks to bid for the loan at different prices. The central bank has stopped releasing the cost of the one-year loans as it overhauls its rate system to prioritize short-term rates, as it seeks to implement a moderately loose monetary policy to support the economy. The increase in cash injection via MLF was unexpected as the central bank has been downplaying the role of this tool for months, while replacing some of the maturing MLF with 3- or 6-month outright reverse repurchase agreements. This month 1.7 trillion yuan of outright reverse repurchase agreements come due, the largest monthly maturity since the central bank launched the liquidity instrument in October, according to Bloomberg calculations. The central bank is expected to announce its April operation for the tool at month-end. 'A larger injection through MLF may offset the maturity pressure of outright reverse repos this month,' said Ming Ming, chief economist at Citic Securities. It may also reduce the urgency for a reduction in banks' reserve requirement ratio, he said, adding that 'while the policy significance of MLF has decreased, it remains a useful tool for the PBOC to inject longer-term liquidity.'
Business Times
25-04-2025
- Business
- Business Times
China ramps up cash injection as it braces for tariff impact
[NEW YORK] China's central bank is boosting cash injection via one of its policy tools as it seeks to safeguard the world's second-largest economy from the impact of punitive US tariffs. The People's Bank of China (PBOC) will conduct 600 billion yuan (S$108 billion) of one-year medium-term lending (MLF) facility on Friday (Apr 25) to maintain ample liquidity in the banking system, it said on Thursday. This will result in a net cash injection of 500 billion yuan via this tool in April, the largest since December 2023, according to Bloomberg calculations. 'The operation unleashes a signal of supportive monetary policy stance' as the economy embraces challenges in the trade environment, said Wang Qing, chief macro analyst at Golden Credit Rating. 'This is also to ensure liquidity conditions remain ample when the government's fundraising via special government debt issuances gathers pace.' Investors have been calling for further policy easing from the PBOC with the economy facing headwinds from US tariffs as high as 145 per cent. The latest bout of liquidity injection can help smooth over increased demand for cash during holidays in early May while supporting the issuance of special government bonds which kicked off this week. The PBOC revamped its method for pricing the MLF last month, to allow banks to bid for the loan at different prices. The central bank has stopped releasing the cost of the one-year loans as it overhauls its rate system to prioritise short-term rates, as it seeks to implement a moderately loose monetary policy to support the economy. The increase in cash injection via MLF was unexpected as the central bank has been downplaying the role of this tool for months, while replacing some of the maturing MLF with three- or six-month outright reverse repurchase agreements. This month 1.7 trillion yuan of outright reverse repurchase agreements come due, the largest monthly maturity since the central bank launched the liquidity instrument in October, according to Bloomberg calculations. The central bank is expected to announce its April operation for the tool at month-end. 'A larger injection through MLF may offset the maturity pressure of outright reverse repos this month,' said Ming Ming, chief economist at Citic Securities. It may also reduce the urgency for a reduction in banks' reserve requirement ratio, he said, adding that 'while the policy significance of MLF has decreased, it remains a useful tool for the PBOC to inject longer-term liquidity.' BLOOMBERG
Reuters
27-02-2025
- Business
- Reuters
Hedge funds bet on turnaround in unloved China property sector
HONG KONG, Feb 27 (Reuters) - Some large hedge funds and investors are accumulating long-shunned China property stocks at low prices, anticipating lucrative returns when the sector recovers from its prolonged crisis. Investors said recent positive signs, from improving home prices in top cities to industry leader China Vanke's recapitalization plan, suggest this year will be the turning point for the real estate market. To be sure, they are selective and have set their sights on leading state-backed homebuilders and China's largest online property brokerage. "We have added some large state-owned developers recently, based on the logic of sector turnaround and winners take all," said Wang Qing, chairman at Shanghai Chongyang Investment Management, which runs $5 billion. "Land sales are recovering in first-tier cities, and we noticed that only these few real estate developers are still actively buying land," he said, adding that meant these builders were taking a larger market share. Chinese property has been a top short-selling target through the debt-ridden sector's downturn for more than three years and as a raft of privately-owned property giants, including Evergrande and Sunac China, went bankrupt. The shift in sentiment indicates investors are rebuilding confidence in the sector after the industry consolidation and massive measures introduced by China since September to stabilize the slumping housing market. Hong Kong-based Golden Nest Capital is also dipping into shares of some state-owned developers. "You could say that the sales volume of new homes has declined by half, but the number of developers has decreased even more," said Stanley Tao, CIO at Golden Nest Capital Management. As the sector stabilizes, the rebound in these overlooked stocks will be significant, Tao said. Hong Kong-listed mainland property stocks surged more than 15% this month, making it one of the top performing sectors just behind tech stocks. KE Holdings , , China's Zillow-like real estate platform, has become a darling among Asia's top hedge funds. Hong Kong's $9 billion Aspex Management built new positions in U.S.-listed KE Holdings by adding 6.51 million shares in the fourth quarter of 2024 with a market value of about $120 million as of the end of 2024, according to its filing with the U.S. Securities and Exchange Commission. WT Asset Management, which manages $4 billion, boosted its stake in KE Holdings by 2.2 million shares worth more than $40 million in the fourth quarter as well. KE Holdings is benefiting from robust sales of secondary homes in big cities after the Lunar New Year and tech advancements, Griffin Chan, a property analyst at Citi Research said in a note this week. Cash-strapped top homebuilder Vanke's bailout by the government in early February further boosted sentiment as many view it as a landmark event that greatly reduces the risk of defaults by another major developer. Shares of KE Holdings and property developers rebounded sharply in February, although many have lost more than 80% over the past three years. "I do think we are close to a turning point on property stocks," said Jon Withaar, head of Asia special situations at Pictet Asset Management. Jon said his entry into property stocks depends on whether there will be more government-backed restructuring and on property price trends. Obviously, the recovery is at the initial stage, and many smaller cities are still struggling with unsold homes. Investors remain divided on the outlook for real estate. "It's more about trading opportunities," said Wang Qi, CIO at UOB Kay Hian Wealth Management. "It's like a flash in the pan, but even a flash in the pan might present three to six months of opportunity. These stocks are very cheap and could rise 50% - that's normal," he said.
