The China Factor
Whether Singaporeans like it or not, China - her people, business and culture, is entering more and more into their lives. The PRC Chinese first came as ft and compete with locals for jobs. Then the "nightingales" threaten to disrupt their marital peace.
Not so long ago, there was that little PRC girl who captivated the hearts of Singapreans so much that they forgot about their distrust for the PRC Chinese and willingly parted considerable sum of money to her parents during her funeral.
PRC companies and stocks have also made much inroad into Singapore. About 10% of SGX total listings are PRC firms, some of which are darlings of the local investors. The Singapore govt loves the Chinese companies even more. It is actively wooing them to list in SGX and is prepared to be relatively lax in its monitoring of these companies. The current China Aviation Oil fiasco was believed to be partly due to the lax control by SGX.
The China phenomenon is here to stay, Singaporeans have to brace themselves for it and not be swept away.
Not so long ago, there was that little PRC girl who captivated the hearts of Singapreans so much that they forgot about their distrust for the PRC Chinese and willingly parted considerable sum of money to her parents during her funeral.
PRC companies and stocks have also made much inroad into Singapore. About 10% of SGX total listings are PRC firms, some of which are darlings of the local investors. The Singapore govt loves the Chinese companies even more. It is actively wooing them to list in SGX and is prepared to be relatively lax in its monitoring of these companies. The current China Aviation Oil fiasco was believed to be partly due to the lax control by SGX.
The China phenomenon is here to stay, Singaporeans have to brace themselves for it and not be swept away.
posted by locky2ky at 8:38 PM
0 Comments:
Post a Comment
<< Home