Re: Chinese RMB rates..
 

Yesterday (16/2/2014) PPC rate for RMB is 4.79

Re: Chinese RMB rates..
 

Let's hope it will increase to RMB 4.80 slowly :p

Re: Chinese RMB rates..
 

Today at 4pm at Suntec Fountain / Marina Square the rate was S$1=RMB 4.79

Re: Chinese RMB rates..
 

bro i hope it will increase faster :D

Re: Chinese RMB rates..
 

Today (18/2/2014) the rate for RMB is still 4.79

Re: Chinese RMB rates..
 

AMK Hub 4.75

Re: Chinese RMB rates..
 

PPC 4.785...

Rates not recover... DG also gone...

Re: Chinese RMB rates..
 

Thanks for the updates, hope can see 4.8x soon cheers bro :D

Re: Chinese RMB rates..
 

This evening around 6pm at Arcade, 4.792

Re: Chinese RMB rates..
 

Cny rate at ppc $4.78, TT $4.81

Re: Chinese RMB rates..
 

Jurong Point 23/Feb/14 3pm $100 = RMB$476.00 TT RMB$478.00

Re: Chinese RMB rates..
 

Not many places to spend the RMB even if the rate improve in the near future

Re: Chinese RMB rates..
 

if enough RMB you can bao a girl in any city, no risk at all :D:D

Re: Chinese RMB rates..
 

if diaoyu islands(senaku islands) dispute between china and japan turn to war
then chinese yuan will drop drastically and sing dollar to yuan maybe 1 to 10;)
both china and japan are building up their military forces
conflict is not ruled out in the future
diaoyu islands are uninhabited islands
no mms there:D

Re: Chinese RMB rates..
 

Jurong Point 26/Feb/14 9pm $100 = RMB$479.00 TT RMB$482.00

Chinese Government Intervention
 

China government intervened this week to weaken the CNY to reduce speculation. :D

Re: Chinese Government Intervention
 

Bro u sure ? I tot cny weaken due to massive funds from china run away due to recently crack down on business men and politicians that are potentially implicated for corruption ...

Chinese Government Intervention
 

Bro that's another issue lah.

This week the China government interevene to reduce speculation.
Could be an one off gesture.
http://finance.yahoo.com/news/china-...160648943.html

SGD gain against RMB substantially this week.
Can change some this week.
Raffles Arcade approximately 4.81 today.

Re: Chinese Government Intervention
 

bro u also forex trader hehehe monitoring the cny movements .... Good head ups to us who wan to accumulate cny ...

Re: Chinese Government Intervention
 

ya i also read CN government want to expel the hot money so they did something ...

maybe soon it will go down again

Chinese Government Intervention
 

Weak RMB not good for me. :D

Can change some this week but don't change so much.
Do it in batches. :)
Usually Friday's rates is going to suck so change it by today.

Yes I believe it's just temporary only as the China Central Bank just wants to reduce speculation by sending a message to speculators.
So capitalise on this week's substantial gain against RMB.
Most probably will hover around 4.7X at money changers from now until April.

Re: Chinese RMB rates..
 

Rates today at bishan junction 8 is 4.796

Zzz still not over 4.80 :mad:

Re: Chinese RMB rates..
 

Now at arcade change RMB. The rate is 4.81 is the highest among others money changer

Re: Chinese RMB rates..
 

Highest was at 4.81 at The Arcade around 5pm as posted by Bro jc_wtc.

Don't think J8 will offer better rate than Arcade:)

Re: Chinese RMB rates..
 

thanks bro for update, finally see 4.8x, hope can hold :D:D

Re: Chinese RMB rates..
 

PPC chinese moneychanger 4.80 today

Re: Chinese RMB rates..
 

Arcade today pm : 4.815 (best rate)

Re: Chinese RMB rates..
 

Now arcade rate for RMB is 4.81

Re: Chinese RMB rates..
 

Bedok central @ 4.82

Guangdong gets tough on sex trade
 

Report from China Daily dated 6 March 2014 :-

Guangdong gets tough on sex trade

A senior Party leader from Guangdong province vowed on Wednesday to take tougher action against prostitution and crimes linked to the sex trade as the southern economic powerhouse continues its three-month crackdown on prostitution.

"We will continue our investigation into the prostitution industry and strengthen our efforts to tackle the problem," said Hu Chunhua, Party chief of Guangdong. Hu made the remarks at a panel discussion during the annual session of the National People's Congress, which convened in Beijing on Wednesday.

The sweeping crackdown came a day after a China Central Television report on Feb 9 exposed rampant prostitution in massage parlours and hotels in Dongguan, about 100 km from Hong Kong.

As of Feb 28, more than 3,100 entertainment venues across the province have been shut down for their alleged involvement in prostitution. Among the shuttered venues, 2,147 are located in Dongguan, a city known for its large manufacturing and trade sectors but also for its underground casino resorts, bathhouses, massage parlours and backstreet brothels.

"We had already planned a move to crack down on prostitution this year - like the way we fought against drugs last year. The CCTV reports of Dongguan's rampant sex trade forced us to launch the campaign earlier," Hu said.

Hu said police have made 363 arrests across the province and are investigating 30 officials in Dongguan.

"The government was partly responsible for the development of the sex trade in Dongguan so we introduced an accountability system to punish officials who provided protection to illegal sex activities," Hu said.

Yan Xiaokang, Dongguan's deputy mayor and police chief, has been sacked and several police officers in city townships have been punished, Hu said. "Offenders, including organizers, operators and those who gained from the sex trade, will be particularly targeted in the crackdown," Hu added.

Yuan Baocheng, mayor of Dongguan, declined to say on Monday how the crackdown would affect the city's economy. At last year's NPC session, Yuan said the city would not rely on the sex trade, gambling and drugs for its economic growth.

"I have to say that some social problems, such as underground prostitution, the drug trade and gambling, have emerged in Dongguan along with other cities in Guangdong, following decades of rapid economic development," he said.

Media reports have estimated that the sex industry has contributed about one-tenth of the city's revenue.

Dongguan's economy grew by 9.8 per cent year-on-year to 550 billion yuan (S$114 billion) in 2013.

Media reports have also estimated that at least 300,000 people work in the sex industry in Dongguan. China Daily could not confirm the number.

"But we will never rely on such negative factors to drive economic development," Yuan said.
------ KatoeyNewsNetwork