China tightens grip with stock sale ban

China tightens grip with stock sale ban

2024-02-27

China has again tightened its grip on stock trading. It’s hit major institutional investors with a net sales ban during the first and last 30 minutes of each trading session. The measure is the government’s most forceful attempt yet to prop up its struggling stock market. Another recent measure is closer scrutiny on the activity of “quant funds,” which use computer algorithms to conduct trade.

Vivian Chang
Analyst
The latest measure means that, if the market closes at 3 p.m., you can’t sell after 2:30. This prevents the release of selling pressure. It puts this pressure on pause, but the market will still decline in the days to come. All the markets will decline. The other thing is, I believe that institutional investors, especially those who work with quantitative funds, will sell off their stocks in advance, causing quant funds to gradually fade out of China.

China recently ousted the head of its securities watchdog, replacing him with veteran regulator Wu Qing, nicknamed the Broker Butcher. Wu has only been in office for 10 days, but he’s already launched a sharp crackdown on traders. According to Bloomberg, the new restrictions could give investors another reason to avoid the Chinese stock market.

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中國限制收盤前半小時禁賣股經理人:量化基金將死一半

2024-02-27

中國經濟慘，連股市也遭殃!儘管中國國家隊已經入市，不過上海A股週二終場收在3161點，沒有大幅起色，中國政府為了遏止股票拋售潮，祭出收盤前半小時禁止賣股的新措施，讓投資人一片譁然，還變更電腦演算交易規則，這讓"量化基金"遭遇史上最大黑天鵝。

[[資深分析師張甄薇]]
“也就是說你下午三點鐘收盤對不對，那你是不是變成兩點半就不能賣，一個部分是造成它的賣壓無法宣洩，而這個暫緩，但是它接下來好幾天，通通股市都會往下行，另外一個部分，我覺得它可能會造成很多的法人，特別是量化基金這一群投資法人，他提前賣股票，我覺得它會造成全球的量化基金，未來很可能逐步的它就會淡出中國”

新任中共證監會主席吳清上任10天，接連下重手打擊空頭，龍年開市首日，量化基金公司寧均一分鐘拋售25億元，慘遭重罰。外媒彭博指出，突如其來的交易限制，給國際投資人另一個對中國股市敬而遠之的理由。

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Chinese ships violate Taiwan’s prohibited, restricted zones again

Chinese ships once again trespassed into Taiwan’s prohibited and restricted waters near Kinmen on Monday. According to Taiwan’s Ocean Affairs Council minister, one ship briefly entered the prohibited zone, and four ships sailed into restricted waters. The official said the maneuvers had significant political implications, and were an attempt by China to assert sovereignty. Premier Chen Chien-jen said Taiwan was closely monitoring the area and would strengthen enforcement measures against intruders.

Banner in hand, members of the Taiwan Economic Democracy Union protest outside China’s tourism office in Taipei. They denounced China’s repeated trespassing in Kinmen’s waters and its boarding of a Taiwanese tourist boat for inspection.

Lai Chung-chiang
Taiwan Economic Democracy Union convener
Using all manner of encroachment, China is working to erode Taiwan’s sovereignty.

Hsu Kuan-tze
Taiwan Economic Democracy Union deputy secretary-general
Such moves are quite clearly acts of political retaliation.

About two weeks ago, two Chinese fishermen drowned while being chased by Taiwan’s Coast Guard off Kinmen. Tensions have been escalating since.

On Monday, Chinese ships once again entered Taiwan’s restricted and prohibited zones near Kinmen. According to Chinese state media, the patrol had entered Taiwan’s prohibited zone, in a clear assertion of sovereignty.

Premier Chen Chien-jen said the government was closely monitoring China’s every move.

Chen Chien-jen
Premier
We will again ramp up our enforcement measures. We’re adhering to standard operation procedures as we carry out the necessary expulsions.

Chiu Kuo-cheng
Defense minister
Our restricted and prohibited zones were established through legal procedures, and announcements had been made.

Taiwan’s Coast Guard has undergone eight rounds of negotiation with the Chinese victims’ families, without reaching a consensus. Ocean Affairs Council Minister
Kuan Bi-ling made another appeal to China on Tuesday.

Kuan Bi-ling
Ocean Affairs Council minister
We have shown a good deal of goodwill, and we hope to reach a consensus as soon as possible and bring this episode to an end. The Chinese coast guard’s intrusions carry significant political implications. Of course they are an assertion of sovereignty.

The Chinese fishermen’s deaths are currently under investigation by Kinmen’s prosecutors office. Kuan stressed her impartiality, saying that uncovering the truth should be left to prosecutors. But with a political storm gathering across the strait, the facts of the case may not be enough to achieve a resolution.

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Trade groups project stable economic growth

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TSMC expansion continues with ‘topping out’ milestone in Phoenix

TSMC’s global expansion is continuing at full throttle, with the marking of a new construction milestone in Phoenix, Arizona. Last week the company held a “topping out” ceremony, to place the last steel beam of its second semiconductor fab. At a recent think tank forum, U.S. Secretary of Commerce Gina Raimondo thanked TSMC for investing in the U.S., stressing that Washington was committed to ensuring the project’s success. Over in Tokyo, Japan’s prime minister hailed TSMC’s Kumamoto plant as a crucial step forward for his nation’s chip industry.

TSMC launched its first Kumamoto plant last Saturday. Following the grand opening, TSMC Chair Mark Liu and CEO C. C. Wei headed to Tokyo, meeting with Japan Prime Minister Kishida Fumio on Monday.

Mark Liu
TSMC chair
We committed to the PM that we will work with Japanese semiconductor product industry to unleash their innovation in semiconductor.

Speaking after the meeting, Liu said he was thankful for Kishida’s semiconductor strategy and the Japan government’s subsidies, which made the Kumamoto plant possible. He also vowed to build up Kyushu’s semiconductor supply chain. He said TSMC will start construction on its second Kumamoto plant in late 2024, targeting operations in 2027.

Kishida Fumio (Feb. 24)
Japan prime minister
The government of Japan has implemented unprecedented and bold support for the development of a domestic manufacturing base for advanced semiconductors. JASM’s production of advanced logic semiconductors is an important step forward for Japan’s industry.

Wang Mei-hua
Taiwan economics minister
Driven by client demand, TSMC is expanding globally. As for TSMC getting support from local government subsidies, we’d welcome that. Industrial collaboration between Taiwan and Japan has a beneficial effect.

Japan has offered TSMC 1.2 trillion yen, or about NT$250 billion, for its two fabs in Kumamoto. Meanwhile, the U.S. is set to announce a new subsidy package for TSMC’s plant in Arizona, possibly before U.S. President Joe Biden’s State of the Union Address on March 7. Speaking at a think tank event, U.S. Secretary of Commerce Gina Raimondo brought up TSMC, emphasizing Washington’s commitment to ensuring its success.

Gina Raimondo
US secretary of commerce
What TSMC is contemplating doing in Arizona is pathbreaking, you know. And they are investing in the U.S. and we’re grateful they’re doing that and we’re going to make sure it’s successful.

Raimondo said that by 2030, the U.S. aims to hold a 20% share in the advanced logic chip market, up from zero. TSMC’s global expansion will be a key step toward that objective.

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Taiwan esports player Kagami wins Capcom Cup X and grand prize of US$1 million

Taiwanese esports player Kagami has won the Capcom Cup X in California. Kagami, also known as UMA, entered as an underdog, with no backing team and just US$300 in his pocket. He made his way up the ranks, beating competitors from around the world for the title and grand prize of US$1 million.

He KOs his opponent and throws a fist in the air to celebrate. This is Taiwan esports player Kagami, also known as UMA. During a post-match interview, he was brimming with confidence.

Kagami
Capcom Cup X champion
When they announced the prize was US$1 million, I knew the title was mine.

Kagami went to the U.S. with just US$300 in his pocket, or around NT$10,000. He made his way to the top, beating opponents from Mexico, South Korea and Hong Kong.

MC
How much has your community supported you in the process of becoming a champion?

Kagami
Capcom Cup X champion
I’d like to thank my community back home and my family. They very much supported my participation in this Street Fighter tournament, allowing me the chance to win this championship today.

Immediately after Kagami’s win, the Chinese Taipei Esports Association posted a congratulatory message on Facebook. The post was blasted by internet users, who said the association had offered Kagami no help or promotion, and was now trying to cash in on his success.

In response, the association said the Capcom Cup X was a commercial competition held by a gaming company. Players generally participate in such competitions on their own, as they are not eligible for subsidies under the association’s rules. The association added that the post had simply aimed to give Kagami more exposure.

Taiwan esports players have performed well at fighting game tournaments in recent years. Last year, two Taiwanese players snatched silver and bronze at the Hangzhou Asian Games in the Street Fighter V event. Kagami’s win on Monday has once again put Taiwan on the map for its esports prowess.

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Mizuki Lin joins Wei Chuan Dragons cheerleading squad

The Wei Chuan Dragons cheerleading squad has a new star in its ranks. It’s none other than Mizuki Lin, who left the rival Rakuten Girls to join the Dragon Beauties. Lin broke the news on social media, in a post that garnered thousands of likes and hundreds of comments. But one comment in particular left the cheerleader agog.

With two thumbs up and a smile, the ever-popular Mizuki Lin poses at a promotional event one day after dropping a bombshell announcement.

Lin has jumped ship from the Rakuten Monkeys to the Wei Chuan Dragons. She announced the news on Facebook, inviting fans to “dance with dragons” and be “dragons among men.” The post even received a comment from Wei Chuan Dragons fan and Taipei Mayor Chiang Wan-an. The comment read, “Is Taipei your home turf now? On behalf of the city I welcome you home.”

Chiang Wan-an
Taipei mayor
I’m a Dragons fan. It has nothing to do with whether I’m a fan of Mizuki. I fully support the Wei Chuan Dragons, including its cheerleading squad.

Mizuki Lin
Cheerleader
I sent a screenshot to my friend, and he was dying with laughter. I thought, “Wow, he even visited my fan page to leave a comment!” It’s really cool and unexpected.

But Chiang’s comment has raised a few eyebrows. Some wondered if his wife, Jane Shih, was aware of the online interaction.

Chiang Wan-an
Taipei mayor
I’m a fan of Jane, Jane Shih. I must say, the comment yesterday was actually left by my spokesperson Yin Wei.

So Chiang wasn’t behind the comment after all. Speaking to local media, Lin shared that she hadn’t gained weight over the Lunar New Year, and had even stepped up her training to get a six-pack. On the first day of Spring Training with the Wei Chuan Dragons, she met up with her new squad mates, many of them familiar faces. She already knows the lyrics to her new team’s songs.

Mizuki Lin
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I really love the feeling of being at the ballpark. I’ll keep bringing the good vibes.

Lin will debut as a Dragon Beauty at the first game of the season on March 30. She says she can’t wait to see everyone at the Taipei Dome.

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Liao Shu-chen, 90 years young

Today we take you to meet Liao Shu-chen, a former music teacher who’s 90 years young. After retiring, she began learning ballet, art, and how to do a headstand. FTV reporter Stephany Yang spoke to Liao to discover how she’s making the most of her golden years.

Liao Shu-chen dances gracefully to the music. Liao is 90 years old this year, but to her, age is just a number. She’s just as agile and flexible as ever, and has been studying ballet for over a year.

Besides learning ballet, she’s also mastered the headstand.

Liao Shu-chen
Retiree
The headstand pose is good for brain atrophy and blood circulation. I slowly learned it at home. I was scared at first and would fall, but now I am stable and I can count to 100.

Her daily routine comprises exercising and painting. She loves art and has held several exhibitions in Taiwan and abroad.

Liao Shu-chen
Retiree
After I retired, I had the opportunity to learn different things. I signed up to learn ink painting. I went to the social education center to learn ink painting. I feel very happy every day because I like art very much. I paint with ink, paint with watercolors, and go to the sports center every day. In the morning, I move around at home and draw pictures, and then visit the sports center in the afternoon. If I get home a little earlier, I do finger exercises and play the piano. Then, I rest in the evening and watch TV and the news.

In her golden years, Liao teaches piano classes occasionally. Before her retirement, she was an elementary school music teacher.

Liao Shu-chen
Retiree
My profession was a primary school music teacher. I like the piano very much. I taught myself.

What are the secrets to a fulfilling retirement? Liao points to exercise, good life habits, a social life, and continuous learning.

Liao Shu-chen
Retiree
Young people look at their phones too much. Then they go to bed too late at night. We have to rest before 11 o’clock because that’s what’s dictated by our biological clock. We must pay attention to our diet. I see queues at drink shops. That’s not very good. People should exercise, maintain good living habits, and socialize. Don’t stay at home watching TV and sleeping.

A few times a week, Liao exercises with her friends and granddaughter at a park. Her granddaughter Hsiao Yu-wen is a fitness trainer for older adults.

Hsiao Yu-wen
Granddaughter of Liao Shu-chen
The biggest thing I learned from her is that you should never stop learning. It’s so true. My grandma was a teacher, so she needs to keep improving in her profession. Even in retirement, she doesn’t let her life become empty.

Liao Shu-chen
Retiree
I didn’t know how to swim, and I was very afraid of water. Sogo had a gym and a swimming pool, so I started to learn on my own. Because of my shin splints, I used to suffer from back pain and couldn’t walk. Rehabilitation didn’t help, so I went swimming. I now swim freestyle and backstroke. After that, my back recovered.

Liao hopes to inspire everyone to be a lifelong learner and live a healthy life.

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Sun to Fri at 9:30 pm on Channel 152
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