OCBC Bank    Last:23.94   -

ping an insurance a big fintech giant that

last time ah ye tell do national service to buy property stock. people no happy.
now ah ye give out sweets via swap . people no reactions.
people try to scare people by saying interest rate droping. but their bond are old time buy one. if interst rate drop their principle value should be going up.
plus they rebalance by buying banks shares with new money. buy bank wiht high interest rate swap into gov bond paying very low interest rate. sell bond get money go another round of buy share swap bond. is that not very profitable? cannot see why share price droping. jp morgan just bought recently at 46.4105 you know.

 

Buying Ping An Insurance could be a compelling investment idea in light of China&rsquo s signaling of bolder stimulus measures and Donald Trump&rsquo s return, which might influence global markets and policies. Here&rsquo s why:

 

1. China&rsquo s Economic Stimulus and Recovery

      &bull       Increased Consumer Confidence: Stronger stimulus measures could boost household incomes and consumer confidence, driving demand for insurance products like life and health insurance, which are Ping An&rsquo s core offerings.

      &bull       Investment Gains: Ping An, as a large financial conglomerate, manages significant investment portfolios. Stimulus measures often support equity and real estate markets, which could enhance Ping An&rsquo s investment returns.

      &bull       Infrastructure Investments: Stimulus measures often include infrastructure spending, benefiting Ping An&rsquo s banking and real estate finance divisions.

 

2. Ping An&rsquo s Position in the Market

      &bull       Diversified Business Model: Beyond insurance, Ping An operates in banking, fintech, and healthcare, giving it multiple avenues to capitalize on economic growth.

      &bull       Health Insurance Growth Potential: With rising healthcare costs and an aging population, the demand for Ping An&rsquo s health insurance offerings may increase.

 

3. Impact of Trump&rsquo s Return

      &bull       US-China Trade Dynamics: Trump&rsquo s return could lead to renewed trade tensions, prompting China to double down on domestic consumption and self-reliance, which could indirectly benefit Ping An.

      &bull       Global Market Volatility: As investors seek safe havens, Chinese insurance stocks like Ping An might attract flows, especially if supported by strong fundamentals.

 

4. Valuation Opportunity

      &bull       If Ping An&rsquo s share price has been weighed down by recent market uncertainties, it might be trading at a discount. This could be an attractive entry point, particularly if stimulus measures spark a rebound in earnings and growth.

 

5. Long-term Growth Prospects

      &bull       Ping An has been innovating through digital transformation and expanding its fintech offerings, positioning itself well for future growth even as it benefits from near-term stimulus measures.

 

In summary, Ping An Insurance is strategically positioned to benefit from both short-term policy-driven tailwinds and long-term structural growth trends in China, making it a potentially attractive investment in this macroeconomic context. 

pasttime      ( Date: 08-Nov-2024 09:32) Posted: 华 夏 幸 福 10连 板 . today limit up again. that is 10 trading days limit up. ie raise 100% real estate in china recovering well. what about 2318.

 

华 夏 幸 福 10连 板 .

today limit up again. that is 10 trading days limit up. ie raise 100%
real estate in china recovering well. what about 2318. 

 

https://www.chinapress.com.my/?p=4153109

gold usd 2736
gold myr11822.65

chartistkao3      ( Date: 22-Oct-2024 12:01) Posted: https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-ping-insurance-posts-36-1-rise-nine-month-profit chartistkao3      ( Date: 04-Oct-2024 10:51) Posted: https://www.moomoo.com/community/feed/ping-an-02318-hk-this-stock-is-oversold-and-should-112840149958662

 

https://www.businesstimes.com.sg/companies-markets/banking-finance/chinas-ping-insurance-posts-36-1-rise-nine-month-profit

chartistkao3      ( Date: 04-Oct-2024 10:51) Posted: https://www.moomoo.com/community/feed/ping-an-02318-hk-this-stock-is-oversold-and-should-112840149958662 chartistkao3      ( Date: 04-Oct-2024 10:50) Posted: https://www.tipranks.com/stocks/hk:2318/forecast

 

https://www.moomoo.com/community/feed/ping-an-02318-hk-this-stock-is-oversold-and-should-112840149958662

chartistkao3      ( Date: 04-Oct-2024 10:50) Posted: https://www.tipranks.com/stocks/hk:2318/forecast chartiskao      ( Date: 14-Aug-2024 02:53) Posted: https://www.cnbc.com/quotes/.BADI   https://tradingeconomics.com/commodity/baltic   the global economy and us economy under president biden https://www.youtube.com/watch?v=1Cw1ng75KP0

 

https://www.tipranks.com/stocks/hk:2318/forecast

chartiskao      ( Date: 14-Aug-2024 02:53) Posted: https://www.cnbc.com/quotes/.BADI   https://tradingeconomics.com/commodity/baltic   the global economy and us economy under president biden https://www.youtube.com/watch?v=1Cw1ng75KP0   chartiskao      ( Date: 01-Jul-2024 05:31) Posted: https://www.globaltimes.cn/page/202403/1309722.shtml   https://finance.yahoo.com/news/asml-eyes-dutch-expansion-government-134228043.html

 

chartiskao      ( Date: 01-Jul-2024 05:31) Posted: https://www.globaltimes.cn/page/202403/1309722.shtml   https://finance.yahoo.com/news/asml-eyes-dutch-expansion-government-134228043.html chartiskao      ( Date: 24-May-2024 22:14) Posted: https://www.businesstimes.com.sg/companies-markets/latest-singapore-6-month-t-bill-cut-yield-falls-3-6

 

chartiskao      ( Date: 24-May-2024 22:14) Posted: https://www.businesstimes.com.sg/companies-markets/latest-singapore-6-month-t-bill-cut-yield-falls-3-65 chartiskao      ( Date: 10-May-2024 14:22) Posted: https://www.china-briefing.com/news/us-china-relations-in-the-biden-era-a-timeline/ https://www.youtube.com/watch?v=ik2YF05iX2w https://www.cnbc.com/quotes/2318-HK

 

https://www.businesstimes.com.sg/companies-markets/latest-singapore-6-month-t-bill-cut-yield-falls-3-65

chartiskao      ( Date: 10-May-2024 14:22) Posted: https://www.china-briefing.com/news/us-china-relations-in-the-biden-era-a-timeline/ https://www.youtube.com/watch?v=ik2YF05iX2w https://www.cnbc.com/quotes/2318-HK chartiskao      ( Date: 09-May-2024 04:40) Posted: https://www.statista.com/statistics/326707/bitcoin-price-index/   世 间 的 人 都 笑 我 太 疯 癫 了 ， 而 我 笑 他 们 都 太 肤 浅

 

chartiskao      ( Date: 09-May-2024 04:40) Posted: https://www.statista.com/statistics/326707/bitcoin-price-index/   世 间 的 人 都 笑 我 太 疯 癫 了 ， 而 我 笑 他 们 都 太 肤 浅 chartiskao      ( Date: 24-Apr-2024 13:17) Posted: A strong U.S. dollar generally harms the economies of emerging nations. Emerging markets are reliant on foreign investment and foreign capital, both of which can evaporate when the dollar gains in value.When the U.S. dollar strengthens, it can lead to several challenges for emerging market economies: Increased Debt Burden: Many emerging market countries borrow in U.S. dollars. When the dollar strengthens, the cost of servicing this debt in local currency increases. This can strain government finances and potentially lead to debt crises. Reduced Export Competitiveness: A stronger dollar makes goods and services from emerging markets more expensive for U.S. consumers and other countries that peg their currencies to the dollar. This can reduce demand for exports from these countries, affecting their economic growth. Capital Outflows: Foreign investors may find U.S. assets more attractive due to the higher returns or perceived safety during periods of dollar strength. This can lead to capital outflows from emerging markets as investors pull money out to invest in the U.S., causing a tightening of liquidity and potential financial market instability. Lower Foreign Direct Investment (FDI): A strong dollar can also deter foreign direct investment into emerging markets. Investors may perceive higher currency risks and expect lower returns when the dollar is strong, leading them to invest less in emerging economies. Currency Depreciation: To remain competitive, some emerging market countries might choose to devalue their currencies. While this can boost exports, it can also lead to higher inflation, making imports more expensive and potentially harming consumers. To mitigate these challenges, emerging market economies often employ various strategies such as building up foreign exchange reserves, implementing monetary and fiscal policies to manage debt, and promoting economic diversification to reduce reliance on exports. Collaboration with international organizations like the International Monetary Fund (IMF) can also provide support during challenging times.

 

chartiskao      ( Date: 24-Apr-2024 13:17) Posted: A strong U.S. dollar generally harms the economies of emerging nations. Emerging markets are reliant on foreign investment and foreign capital, both of which can evaporate when the dollar gains in value.When the U.S. dollar strengthens, it can lead to several challenges for emerging market economies: Increased Debt Burden: Many emerging market countries borrow in U.S. dollars. When the dollar strengthens, the cost of servicing this debt in local currency increases. This can strain government finances and potentially lead to debt crises. Reduced Export Competitiveness: A stronger dollar makes goods and services from emerging markets more expensive for U.S. consumers and other countries that peg their currencies to the dollar. This can reduce demand for exports from these countries, affecting their economic growth. Capital Outflows: Foreign investors may find U.S. assets more attractive due to the higher returns or perceived safety during periods of dollar strength. This can lead to capital outflows from emerging markets as investors pull money out to invest in the U.S., causing a tightening of liquidity and potential financial market instability. Lower Foreign Direct Investment (FDI): A strong dollar can also deter foreign direct investment into emerging markets. Investors may perceive higher currency risks and expect lower returns when the dollar is strong, leading them to invest less in emerging economies. Currency Depreciation: To remain competitive, some emerging market countries might choose to devalue their currencies. While this can boost exports, it can also lead to higher inflation, making imports more expensive and potentially harming consumers. To mitigate these challenges, emerging market economies often employ various strategies such as building up foreign exchange reserves, implementing monetary and fiscal policies to manage debt, and promoting economic diversification to reduce reliance on exports. Collaboration with international organizations like the International Monetary Fund (IMF) can also provide support during challenging times.   chartiskao      ( Date: 19-Apr-2024 15:54) Posted: The strong economic performance of the United States compared to many other parts of the world has had a significant impact on financial markets, particularly on the U.S. dollar and expectations regarding Federal Reserve monetary policy. Here' s a closer look at the situation and its implications: Strong U.S. Economic Data: Employment: Robust job creation and low unemployment rates in the U.S. reflect a strong labor market and consumer confidence. Retail Sales: Strong retail sales indicate healthy consumer spending, a key driver of U.S. economic growth. Inflation: Higher-than-expected inflation data can suggest economic resilience but also raise concerns about potential overheating and the Federal Reserve' s response. Federal Reserve Policy Expectations: Interest Rate Cuts: Initially, market expectations were leaning towards potential Federal Reserve interest-rate cuts to stimulate the economy. Trimming Rate Cut Bets: Strong U.S. economic data and the outperformance relative to other economies have led traders to reduce their expectations for rate cuts or even anticipate rate hikes. Impact on the Greenback: Reduced expectations of rate cuts or expectations of rate hikes have supported the U.S. dollar, attracting global capital flows and strengthening the currency. Bloomberg Dollar Spot Index: The Bloomberg Dollar Spot Index, which tracks the U.S. dollar against 12 major currencies, has risen by more than 4% this year, reflecting the dollar' s strength. A rising dollar can impact various asset classes and global markets, including commodities, emerging-market currencies, and equities. Strength in the dollar can benefit U.S. consumers by making imports cheaper but can pose challenges for U.S. exporters and emerging-market economies reliant on dollar-denominated debt. Global Market Implications: Asset Prices: A stronger U.S. dollar can lead to lower commodity prices, impacting commodity-exporting countries and sectors. Emerging Markets: Emerging-market economies with high levels of dollar-denominated debt or reliance on exports may face challenges due to currency depreciation and higher borrowing costs. Investor Sentiment: The U.S. dollar' s strength and changing Federal Reserve policy expectations can influence global investor sentiment, impacting risk appetite and capital flows. Future Outlook: Economic Indicators: Monitoring U.S. economic data releases will continue to be crucial for assessing the health of the economy and potential Federal Reserve policy actions. Global Developments: Geopolitical events, global economic conditions, and central bank policies in other major economies will also influence the U.S. dollar and financial markets. Federal Reserve Communications: The Federal Reserve' s communications and guidance regarding monetary policy will be closely watched by market participants for insights into future policy actions. In summary, the strong U.S. economic performance relative to other economies has bolstered the U.S. dollar and led traders to adjust their expectations regarding Federal Reserve monetary policy. This dynamic has significant implications for global financial markets, requiring investors and policymakers to closely monitor economic data, central bank communications, and global developments to navigate the evolving landscape effectively.

 

A strong U.S. dollar generally harms the economies of emerging nations. Emerging markets are reliant on foreign investment and foreign capital, both of which can evaporate when the dollar gains in value.When the U.S. dollar strengthens, it can lead to several challenges for emerging market economies:

1. Increased Debt Burden: Many emerging market countries borrow in U.S. dollars. When the dollar strengthens, the cost of servicing this debt in local currency increases. This can strain government finances and potentially lead to debt crises.
2. Reduced Export Competitiveness: A stronger dollar makes goods and services from emerging markets more expensive for U.S. consumers and other countries that peg their currencies to the dollar. This can reduce demand for exports from these countries, affecting their economic growth.
3. Capital Outflows: Foreign investors may find U.S. assets more attractive due to the higher returns or perceived safety during periods of dollar strength. This can lead to capital outflows from emerging markets as investors pull money out to invest in the U.S., causing a tightening of liquidity and potential financial market instability.
4. Lower Foreign Direct Investment (FDI): A strong dollar can also deter foreign direct investment into emerging markets. Investors may perceive higher currency risks and expect lower returns when the dollar is strong, leading them to invest less in emerging economies.
5. Currency Depreciation: To remain competitive, some emerging market countries might choose to devalue their currencies. While this can boost exports, it can also lead to higher inflation, making imports more expensive and potentially harming consumers.

To mitigate these challenges, emerging market economies often employ various strategies such as building up foreign exchange reserves, implementing monetary and fiscal policies to manage debt, and promoting economic diversification to reduce reliance on exports. Collaboration with international organizations like the International Monetary Fund (IMF) can also provide support during challenging times.
 

chartiskao      ( Date: 19-Apr-2024 15:54) Posted: The strong economic performance of the United States compared to many other parts of the world has had a significant impact on financial markets, particularly on the U.S. dollar and expectations regarding Federal Reserve monetary policy. Here' s a closer look at the situation and its implications: Strong U.S. Economic Data: Employment: Robust job creation and low unemployment rates in the U.S. reflect a strong labor market and consumer confidence. Retail Sales: Strong retail sales indicate healthy consumer spending, a key driver of U.S. economic growth. Inflation: Higher-than-expected inflation data can suggest economic resilience but also raise concerns about potential overheating and the Federal Reserve' s response. Federal Reserve Policy Expectations: Interest Rate Cuts: Initially, market expectations were leaning towards potential Federal Reserve interest-rate cuts to stimulate the economy. Trimming Rate Cut Bets: Strong U.S. economic data and the outperformance relative to other economies have led traders to reduce their expectations for rate cuts or even anticipate rate hikes. Impact on the Greenback: Reduced expectations of rate cuts or expectations of rate hikes have supported the U.S. dollar, attracting global capital flows and strengthening the currency. Bloomberg Dollar Spot Index: The Bloomberg Dollar Spot Index, which tracks the U.S. dollar against 12 major currencies, has risen by more than 4% this year, reflecting the dollar' s strength. A rising dollar can impact various asset classes and global markets, including commodities, emerging-market currencies, and equities. Strength in the dollar can benefit U.S. consumers by making imports cheaper but can pose challenges for U.S. exporters and emerging-market economies reliant on dollar-denominated debt. Global Market Implications: Asset Prices: A stronger U.S. dollar can lead to lower commodity prices, impacting commodity-exporting countries and sectors. Emerging Markets: Emerging-market economies with high levels of dollar-denominated debt or reliance on exports may face challenges due to currency depreciation and higher borrowing costs. Investor Sentiment: The U.S. dollar' s strength and changing Federal Reserve policy expectations can influence global investor sentiment, impacting risk appetite and capital flows. Future Outlook: Economic Indicators: Monitoring U.S. economic data releases will continue to be crucial for assessing the health of the economy and potential Federal Reserve policy actions. Global Developments: Geopolitical events, global economic conditions, and central bank policies in other major economies will also influence the U.S. dollar and financial markets. Federal Reserve Communications: The Federal Reserve' s communications and guidance regarding monetary policy will be closely watched by market participants for insights into future policy actions. In summary, the strong U.S. economic performance relative to other economies has bolstered the U.S. dollar and led traders to adjust their expectations regarding Federal Reserve monetary policy. This dynamic has significant implications for global financial markets, requiring investors and policymakers to closely monitor economic data, central bank communications, and global developments to navigate the evolving landscape effectively.   chartiskao      ( Date: 11-Apr-2024 15:25) Posted: https://www.olevod.com/index.php/vod/play/id/54793/sid/1/nid/1.htm

 

The strong economic performance of the United States compared to many other parts of the world has had a significant impact on financial markets, particularly on the U.S. dollar and expectations regarding Federal Reserve monetary policy. Here' s a closer look at the situation and its implications:

1. Strong U.S. Economic Data:
   • Employment: Robust job creation and low unemployment rates in the U.S. reflect a strong labor market and consumer confidence.
   • Retail Sales: Strong retail sales indicate healthy consumer spending, a key driver of U.S. economic growth.
   • Inflation: Higher-than-expected inflation data can suggest economic resilience but also raise concerns about potential overheating and the Federal Reserve' s response.
2. Federal Reserve Policy Expectations:
   • Interest Rate Cuts: Initially, market expectations were leaning towards potential Federal Reserve interest-rate cuts to stimulate the economy.
   • Trimming Rate Cut Bets: Strong U.S. economic data and the outperformance relative to other economies have led traders to reduce their expectations for rate cuts or even anticipate rate hikes.
   • Impact on the Greenback: Reduced expectations of rate cuts or expectations of rate hikes have supported the U.S. dollar, attracting global capital flows and strengthening the currency.
3. Bloomberg Dollar Spot Index:
   • The Bloomberg Dollar Spot Index, which tracks the U.S. dollar against 12 major currencies, has risen by more than 4% this year, reflecting the dollar' s strength.
   • A rising dollar can impact various asset classes and global markets, including commodities, emerging-market currencies, and equities.
   • Strength in the dollar can benefit U.S. consumers by making imports cheaper but can pose challenges for U.S. exporters and emerging-market economies reliant on dollar-denominated debt.
4. Global Market Implications:
   • Asset Prices: A stronger U.S. dollar can lead to lower commodity prices, impacting commodity-exporting countries and sectors.
   • Emerging Markets: Emerging-market economies with high levels of dollar-denominated debt or reliance on exports may face challenges due to currency depreciation and higher borrowing costs.
   • Investor Sentiment: The U.S. dollar' s strength and changing Federal Reserve policy expectations can influence global investor sentiment, impacting risk appetite and capital flows.
5. Future Outlook:
   • Economic Indicators: Monitoring U.S. economic data releases will continue to be crucial for assessing the health of the economy and potential Federal Reserve policy actions.
   • Global Developments: Geopolitical events, global economic conditions, and central bank policies in other major economies will also influence the U.S. dollar and financial markets.
   • Federal Reserve Communications: The Federal Reserve' s communications and guidance regarding monetary policy will be closely watched by market participants for insights into future policy actions.

In summary, the strong U.S. economic performance relative to other economies has bolstered the U.S. dollar and led traders to adjust their expectations regarding Federal Reserve monetary policy. This dynamic has significant implications for global financial markets, requiring investors and policymakers to closely monitor economic data, central bank communications, and global developments to navigate the evolving landscape effectively.
 

chartiskao      ( Date: 11-Apr-2024 15:25) Posted: https://www.olevod.com/index.php/vod/play/id/54793/sid/1/nid/1.html chartiskao      ( Date: 28-Mar-2024 11:10) Posted: http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1337822/popular-news/AAF

 

https://www.olevod.com/index.php/vod/play/id/54793/sid/1/nid/1.html

chartiskao      ( Date: 28-Mar-2024 11:10) Posted: http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1337822/popular-news/AAFN chartiskao      ( Date: 26-Mar-2024 09:52) Posted: the world must thank US for going for 12x rapid rate hikes since march 2022 to 2024 now we see everywhere https://www.fitchratings.com/research/insurance/us-commercial-real-estate-deterioration-to-increase-in-2024-led-by-office-21-12-2023

 

http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1337822/popular-news/AAFN

chartiskao      ( Date: 26-Mar-2024 09:52) Posted: the world must thank US for going for 12x rapid rate hikes since march 2022 to 2024 now we see everywhere https://www.fitchratings.com/research/insurance/us-commercial-real-estate-deterioration-to-increase-in-2024-led-by-office-21-12-2023 chartiskao      ( Date: 26-Mar-2024 09:31) Posted: how to fight the king dollar is to diversify into gold https://goldbroker.com/charts/gold-price/cnh https://goldprice.org/live-gold-price.html https://www.investing.com/rates-bonds/usa-government-bonds/1000?utm_source=google& utm_medium=cpc& utm_campaign=20958952711& utm_content=688262004890& utm_term=dsa-1546555491574_& GL_Ad_ID=688262004890& GL_Campaign_ID=20958952711& ISP=1& npl=1& gad_source=1& gclid=Cj0KCQjwwYSwBhDcARIsAOyL0fgw_ZvtuFjwyZhb7AO4zsDy-QSj7WQm8yENnC3V1rgut4igZuwLM0IaAqbyEALw_wcB https://www.youtube.com/watch?v=WUOtCLOXgm8

 

the world must thank US for going for 12x rapid rate hikes since march 2022 to 2024

chartiskao      ( Date: 26-Mar-2024 09:31) Posted: how to fight the king dollar is to diversify into gold https://goldbroker.com/charts/gold-price/cnh https://goldprice.org/live-gold-price.html https://www.investing.com/rates-bonds/usa-government-bonds/1000?utm_source=google& utm_medium=cpc& utm_campaign=20958952711& utm_content=688262004890& utm_term=dsa-1546555491574_& GL_Ad_ID=688262004890& GL_Campaign_ID=20958952711& ISP=1& npl=1& gad_source=1& gclid=Cj0KCQjwwYSwBhDcARIsAOyL0fgw_ZvtuFjwyZhb7AO4zsDy-QSj7WQm8yENnC3V1rgut4igZuwLM0IaAqbyEALw_wcB https://www.youtube.com/watch?v=WUOtCLOXgm8 chartiskao      ( Date: 25-Mar-2024 15:23) Posted: sell aig and put usd into ping an share from now to may https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=2318& sc_lang=e

 

how to fight the king dollar is to diversify into gold

chartiskao      ( Date: 25-Mar-2024 15:23) Posted: sell aig and put usd into ping an share from now to may https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=2318& sc_lang=en chartiskao      ( Date: 25-Mar-2024 15:13) Posted: when the funds shorted AIG hk share http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1336137/recommend-news/AAFN https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=1299& sc_lang=en

 

sell aig and put usd into ping an share from now to may
https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=2318& sc_lang=en

chartiskao      ( Date: 25-Mar-2024 15:13) Posted: when the funds shorted AIG hk share http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1336137/recommend-news/AAFN https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=1299& sc_lang=en chartiskao      ( Date: 01-Mar-2024 03:13) Posted: https://en.wikipedia.org/wiki/Neil_She

 

when the funds shorted AIG hk share

chartiskao      ( Date: 01-Mar-2024 03:13) Posted: https://en.wikipedia.org/wiki/Neil_Shen chartiskao      ( Date: 01-Mar-2024 03:11) Posted: Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T& Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. https://www.ft.com/content/070f0cf3-c4bd-4730-bbf0-d1abfee9e1a9 Neil Shen, China&rsquo s most prominent tech investor, acquired permanent residency in Singapore and later opened an office for his $56bn venture capital firm in the city-state as tensions rose between Washington and Beijing. The billionaire founder of Sequoia China, renowned for early investments in Alibaba, ByteDance and Shein, was granted the status before the Covid-19 pandemic, according to three people familiar with the matter. One of the people close to Shen cited &ldquo personal reasons&rdquo for the decision, while another said the first application was made over a decade ago. Shen&rsquo s firm, which rebranded last year as HongShan, subsequently expanded into Singapore, opening an office in the financial hub as it split from US-based Sequoia last June. HongShan has also encouraged some of its China-based portfolio companies with global ambitions to set up entities in Singapore since the pandemic. &ldquo The decision to open a Singapore office was made for business reasons and was not related to personal matters of any of our executives,&rdquo said HongShan in a statement. HongShan has previously said the Singapore office was set up to fulfil local legal requirements. Another person familiar with Shen&rsquo s situation said he had been spending little time in Singapore and still appeared to be based in Hong Kong with frequent travel to mainland China. Shen, 56, became an early mover in a trend that became replicated many times over by wealthy Chinese, especially those tied to the country&rsquo s tech sector. Many shifted to low-tax, stable Singapore amid strict pandemic lockdowns in the mainland as well as President Xi Jinping&rsquo s crackdown on tech companies and calls for wealth redistribution. The city-state, which has a large ethnic Chinese population, strikes a neutral line between the US and China. Tensions between the two superpowers have grown since Donald Trump&rsquo s election as US president in 2016 and have continued under Joe Biden. &ldquo Neil&rsquo s decision&thinsp .&thinsp .&thinsp .&thinsp made it a lot easier for others to follow after that,&rdquo one of the people said, adding the move was &ldquo spoken about&rdquo in Chinese business circles even though it has not become publicly known until now. Permanent residency in the city-state allows those with the pass to apply for permanent residency for their spouses and children, pay lower taxes on property purchases and paves the way for Singapore citizenship. Shen led Sequoia&rsquo s China business before political pressure stemming from worsening Sino-US relations forced it to split from its American arm. The divorce resulted in three separate businesses: HongShan in China, Peak XV in India and south-east Asia and Sequoia Capital in the US. HongShan has since sought to become more global, pursuing business opportunities and investments worldwide to benefit its Chinese portfolio companies. One mainland start-up in the healthcare industry backed by HongShan told the Financial Times it had received advice to start a Singapore entity as that would ease its expansion into international markets including the US. Two other co-investors in start-ups also backed by HongShan said founders had been told to establish a Singapore presence. Some have already been set up. Beijing-based Moonshot AI, which last week raised $1bn, last year established a Singapore entity. HongShan is a longtime investor in the start-up. China&rsquo s Hai Robotics, an autonomous warehouse robotics start-up and another HongShan-backed company, set up a Singapore office in late 2021. Other Chinese companies with large operations in western markets, including TikTok owner ByteDance and fast-fashion group Shein, have picked Singapore as their global headquarters. Both companies are backed by HongShan. HongShan declined to comment, but a person close to the company said many of its portfolio companies had offices around the world, including in Singapore. HongShan, Moonshot AI and ByteDance were named in a US congressional report this month which scrutinised American capital invested in Chinese tech companies that support Beijing&rsquo s military and its repression of minorities in Xinjiang. Recommended Singapore Exclusive Singapore wine club closes as ultra-rich shun flash for discretion The Circle 33 wine bar in Singapore Meanwhile, other Chinese business figures, particularly in the investment and technology sectors, have sought residency in Singapore and expanded or opened offices in the city-state in recent years. Sean Tong, the co-founder of China&rsquo s Boyu Capital, a leading private equity firm set up by a grandson of former Chinese president Jiang Zemin, relocated to Singapore from Hong Kong during the early stages of the pandemic. Boyu opened a Singapore office in 2019. Zhang Lei, the billionaire China-born founder of Hillhouse Capital, became a Singaporean citizen. Hillhouse expanded and consolidated into larger premises in 2022. Dianping founder Zhang Tao and Tencent co-founder Tony Zhang relocated to Singapore in the past few years