From the Globe & Mail: China cuts U.S. Treasury holdings:
Is China falling out of love with U.S. Treasuries?
(Note: you will need to scroll down to the section discussed here.)
Tag Archives: China
FATCA fever reaches Hong Kong
Hong Kong has occasionally scared public health authorities in the United States with acronyms like SARS and H1N1, but now the U.S. is attacking the world’s financial health with a far more dangerous acronym: FATCA. The Hong Kong Economic Journal — the Financial Times of the Sinophone world, roughly speaking — ran a FATCA-related interview with Jennifer Wong of KPMG in this morning’s paper, on page A7. I’ve translated it below.
Are China, Russia, the EU and Switzerland poised to give in to FATCA?
The news of a deal between the 5 major EU governments and the US regarding FATCA came as a major shock to many, including myself, last week. I have now come across news that the EU, now bolstered by the US drive to implement FATCA, has on its agenda to really join US pressure and try to “break Switzerland” as I like to say. On the forums I have also come across posts which have implied that Russia and China are probably not going to resist FATCA either. See everything below.
European Deal could double the pressure on Switzerland with the EU joining the US in violating Swiss sovereignty:
