For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
Gavin Parry, managing director of Hong Kong-based Parry International Trading Ltd., comments on Chinas third interest-rate increase since October.
Chinas benchmark one-year lending rate will increase to 6.06 percent from 5.81 percent, effective tomorrow, the Peoples Bank of China said on its website today. Parry made the comments in a telephone interview.
A rate rise was expected, but given they delayed to the end of Chinese New Year, it created anxiety over the potential severity. Now that uncertainty is removed, the markets can focus on the January trade, and the producer prices and consumer-price data next week.
At least theres a bit more stability on a sentiment basis. I think its going to wash through and we can carry on.
Markets will knee-jerk on this, particularly the Western markets. Sitting out here on the ground, we knew this was coming. Look at the growth in money supply.
We all knew they had to tighten monetary policy, which increases the cost of capital. Theyre going to increase the reserve ratio further given the liquidity lag of Chinese New Year. If you increase the reserve ratio requirement, you lock up liquidity, decreasing access to capital.
You can probably expect to see more micro management on the cost of capital. I dont think youll see another rate increase this quarter. They will employ specific sector-cooling measures.
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
December 1, 2011 11:10 PM EST - Dec. 2 (Bloomberg) -- Gavin Parry, managing director of Parry International Trading Ltd. in Hong Kong, talks about the outlook for global financial markets and economies. He speaks with John Dawson on Bloomberg Television's "On the Move Asia."
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
Parry International Trading's Gavin Parry comments on the Chinese economic data released today. He speaks with Mark Barton and Anna Edwards on Bloomberg Television's 'Countdown.' HONG KONG GAVIN PARRY MANAGING DIRECTOR, PARRY INTL TRADING Gavin Parry It does actually reflect the credit issue on the mainland at the moment and we are definitely in a, a contraction on the credit side. Gavin We've seen earlier, indications of the upcoming
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
A few days ago, Bloomberg had a fascinating profile of the person, pardon degenerate Pachinko gambler, who goes under the name CIS, and who is the "mystery man who moves the Japanese market." In a nutshell, CIS, a momentum day trader and living proof of survivorship bias in finance (because for every CIS who has, allegedly, made it some 999,999 have failed) has amassed a fortune that he says now exceeds 16 billion yen after having traded 1.7 trillion yen in his career, generating an after tax profit of 6 billion yen in 2013 alone. Of course, the numbers are likely wildly fabricated for pageview purposes becuase as Bloomberg itself admits, "CIS didnt offer a complete accounting of his investing returns and his wealth for this story, and some of his claims cant be verified." That said, it is indeed the case that Japan has increasingly become a cartoon market in which while days can go by without a single trade taking place in its rigged bond market, where the BOJ has soaked up all the liquidity, when it comes to equities, it has become a free for all for "Mr. Watanabes" who have never taken finance, accounting or economics, but who know all about heatmaps and chasing momentum, and as a result, in a rising market/tide environment, have all grown ridiculously rich. The problem, of course, is that what some may call a market is anything but, and has become a fragile playground for a few technicians who move massive sums of money from Point A to Point B, hoping to outsmart the few remaining others, while in the process earning the rents that the BOJ is eagerly handing out by injecting liquidity at a pace that dwarfs what the Fed did for the past 2 years. The other problem is that it is a merely of time before everything crashes into a pile of smoldering rubble thanks to the unprecedented fragility that is now embedded in every market, although most likely in Japan first. Which leads us to what just happened in Japan when as Bloomberg reports, stock orders amounting to a
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
Japanese shares fell, reversing gains from the morning session, following a report a man is being tested for Ebola in Tokyo. Oil and coal producers and developers led declines among the 33 Topix industry groups. Toyota Motor Corp. slid 0.4 percent as the yen erased a drop against the dollar. Fujifilm Holdings Corp., which makes the Avigan drug used in experimental Ebola treatments, climbed 0.4 percent. Nippon Suisan Kaisha Ltd., a seafood producer, added 3.2 percent as fishing stocks posted the biggest advance. The Topix slid 0.2 percent to 1,424.67 at the close in Tokyo, paring a loss of as much as 1.3 percent in the afternoon after rising as much as 0.4 percent in the morning. Volume was 18 percent below the 30-day average today. The Nikkei 225 Stock Average dropped 0.5 percent to 17,729.84. The yen was little changed at 120.31 per dollar after falling as much as 0.2 percent. The news that a Japanese man may have Ebola looks to have triggered this drop in shares, said Gavin Parry, managing director of Parry International Trading Ltd. in Hong Kong. We think this index selloff is overdone and a knee-jerk reaction. The yen has also amplified the move. A man in Tokyo in his 30s is being tested for the virus after reporting a fever of more than 38 degrees, the health ministry said. The man had returned from Sierra Leone this month, where he attended a burial and had contact with a body bag, the ministry said. Lacking News The market is just short on news, which is why it is reacting to the Ebola report, said Mikey Hsia, a trader at Sunrise Brokers LLP. So you can give it any reason, and the market will just come off a bit before the investors who buy on dips reappear again. Fujifilm gained 0.4 percent to 3,783 yen. Airtech Japan Ltd., which makes antibacterial and cleaning equipment, soared 15 percent to 792 yen. Azearth Corp., which sells protective gear to guard against hazards such as bird flu, surged 16 percent to 724 yen. Authorities culled at least 42,000
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
Gavin Parry: Panelist Gavin has more than 18 years experience in Australian, Japanese and South East Asian Financial markets. He has lived in Hong Kong since 2000 covering Japanese and Asian markets. Prior to founding the Parry Group, Gavin was the founding partner of Helmsman Global Trading Ltd in Hong Kong (renamed Helmsec Global Markets Ltd), he also held equity market positions with HSBC Securities and Prudential -Bache Securities. Gavin is licensed with the SFC as a Responsible Officer and holds a Commerce Degree from Monash University, Melbourne, Australia
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
Chinas securities regulator is scrapping approvals for new exchange-product listings, signaling accelerating efforts to cut administrative red tape before planned reforms of initial public offerings. New securities products can be listed on stock or futures exchanges without the endorsement of the China Securities Regulatory Commission, according to a statement on the website of the State Council, or cabinet. The revision or termination of futures contracts and bond sales on the interbank market will no longer need regulatory endorsement, the cabinet said. The State Council is cutting red tape for regulatory approval, said Gavin Parry, managing director of Parry International Trading Ltd. in Hong Kong. This should be a good uptick for liquidity in the markets and greater market forces for price discovery is a positive. Even after President Xi Jinping pledged in November 2013 to give markets a decisive role in the $9 trillion economy, the CSRC still pressures companies planning initial public offerings to price them at below-average valuations in an effort to protect small investors. The perception that IPOs are riskless has encouraged some investors to use borrowed money, exposing them to deeper losses once prices stop climbing, according to Shenwan Hongyuan Group Co. China will implement IPO registration reform this year, the government said on March 5 during the start of the annual meeting of the legislature in Beijing. The CSRC plans to transfer its authority to approve IPO applications to the Shanghai and Shenzhen stock exchanges in June, Caixin reported in February, citing an internal circular by the regulator.
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
Bloombergs Yvonne Man and Doug Krizner spoke with Gavin Parry, Managing Director, Parry International Trading. Parry likes the recent "stealth depreciation in the Chinese yuan in terms of the effect it might have on the economy in the second half.
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
The Shanghai Composite Index was little changed at the midday break after closing at its lowest level since July 1 on Monday. Wanda Cinema Line Co. fell 1.6 percent in Shenzhen after scrapping a $5.6 billion reorganization plan. Future Land Holdings Co. climbed 2.5 percent as a measure of property shares led gains in Shanghai. The ChiNext index of smaller companies rose 0.3 percent, rebounding from a six-week low. Trading in Hong Kong was scrapped for the day as the city continued to be affected by wind and rain from a typhoon.
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
Once again, like after the Brexit vote, one of the biggest routs in global stock markets came a world away in Tokyo.
Japans benchmark Topix index slumped 4.6 percent, the largest decline since Britain voted to leave the European Union and the worst performance in Asia, as Donald Trump unexpectedly won the U.S. presidential race. Its familiar territory for investors in the worlds third-largest economy, where equities are often battered by global market shocks as the yen surges on haven demand.
For Professional Investors Only – Parry Global Group (including Parry International Trading Limited or Parry Capital Management Limited) does not offer investment services to firms or investors who are not regarded as Professional Investors in Hong Kong or its equivalence elsewhere.
Parry Global Group includes Parry International Trading Limited which is licenced to provide trading services to professional investor in Hong Kong. Parry Capital Management Limited is licensed to provide asset management services. While licences have been obtained from the Securities and Futures Commission, Hong Kong (“SFC”) none of the information contained in this website is reviewed and approved for distribution by the SFC.
Professional Investors are expected to have appropriate trading experience and understanding of professional investments as defined under the applicable codes/guidelines/rules and regulations in Hong Kong or other jurisdictions, and a suitable risk profile to bear the risk of partial or total investment loss therefrom.
