Old Wall Street Strategies in China, HK Time Deposits, Australian Corporate Tax

https://www.bloomberg.com/news/articles/2018-04-17/old-wall-street-strategies-are-now-hugely-profitable-in-china

Old Wall Street strategies: picking stocks with fundamentals (attractive yields, high dividends).
Trend-following strategies: picking stocks with momentum and relative strength.

Old Wall Street strategies are still widely used. Trend-following stocks may not have strong fundamentals.

Market intervention by government serves various purposes, most common of which is to prevent prices from running too fast too soon. This is like the property measures in Singapore.


https://www.bloomberg.com/news/articles/2018-05-01/banks-scrambling-for-hong-kong-deposits-push-rates-as-high-as-3

Time deposits = fixed deposits. They are cash equivalent. If cash is tied down as deposits, there will be less cash for the equity market which will then be affected. HK banks are now trying to get funding by raising time deposit interest rates to maintain liquidity of the currency, hence defending the dollar peg, i.e. they need more cash to buy US$.
Current peg is US$1=HK$7.80, this is the rate that HK needs to defend. The peg will change when there is a fundamental policy shift by HK. It will happen when the greenback is no longer accepted as the leading world currency.


https://www.bloomberg.com/news/articles/2018-05-06/australia-needs-company-tax-cut-to-compete-treasurer-says

Reducing corporate tax increases profit. Growth increases as more dividends can be declared. With higher profits, companies can also expand their business and employ more people.