30% food
20% housing
But not prices, but mortgage interest rates and utilities
Monday, October 10, 2011
Sunday, October 9, 2011
China credit bubble impact to Singapore
DBS loan in 2Q 2011 $50bn
Ocbc $15bn
Uob $8bn
9% of residential property bought by Chinese
28% of all transactions by foreigners
Shadow banking in China S$815bn
60% to SMEs
Ocbc $15bn
Uob $8bn
9% of residential property bought by Chinese
28% of all transactions by foreigners
Shadow banking in China S$815bn
60% to SMEs
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