China Focus : Confucius Speaks For LKY

He who exercises government by means of his virtue may be compared to the north polar star, which keeps its place and all the stars turn towards it.

 

China knows best ! And so did LKY when he made us all learn the Chinese language !

I cannot resist the quote before I run out to catch a final glimpse of the funeral cortege that will be passing through.

Stocks closing the quarter at their highest since the crisis with PBOC adding liquidity into the month end, I think we can forget about HSBC’s March PMI numbers and wait for the official numbers next week on April Fool’s day.

Rates have edged higher but I have a feeling it will be under control as President Xi assures that the economy is resilient and nations give face to China’s AIIB.

Leaving with the indicative prices.

CNH BONDSCNH BONDS 2