Saudi Arabia Turns Toward China

[Shotgunner51]

You in this fund management business?

Yes I run a PE fund

 

[Song Hong]

Yes I run a PE fund

Then you will have a closer observation of these people. I only read whatever is published.

As I have inferred earlier, sitting on huge FOREX, as a financial center, confer Singapore exorbitant advantage to making other people's monies work for Singapore. But there is also a risk that comes with it.

Need talented and morally upright people to manage these forex.

 

[Shotgunner51]

talented and morally upright people

Sure it is always about the people. It's the people that make things happen.

 

[Zarvan]

Saudi Arabia under MBS is a natural ally of China. If MBS is to be next king. Saudi Arabian relations with west will remain on not so good terms. In that scenario Saudi Arabia will have to turn towards China and Russia.

 

[vi-va]

Then you will have a closer observation of these people. I only read whatever is published.

As I have inferred earlier, sitting on huge FOREX, as a financial center, confer Singapore exorbitant advantage to making other people's monies work for Singapore. But there is also a risk that comes with it.

Need talented and morally upright people to manage these forex.

You know the fight between Lee Hsien Loong and his elder brother? It's about the money they manage.

 

[Song Hong]

You know the fight between Lee Hsien Loong and his elder brother? It's about the money they manage.

On surface, the strongest contention point is PM Lee Hsien Loong wanted to make his father's LKY house a museum while his siblings, a brother and sister, want to cash out. This house now could cost hundreds of millions.

They probably have other family problems. These elites are not ordinary and honest people. They have lots of intrigues and power play.

Recently the entire PAP leadership start to get freak off as it is more and more obvious the entire young Singaporean hate them. When the old fade away and young come to age, PAP will loss power. Their policies harm young Singaporeans and now they are trying damage control. (There is a SIngapore PDF would parrot how much wage increase over the years... bla bla)

Lee Kuan Yew freehold landed house is about 1700 sqm freehold sits on the hottest Singapore real estate area. It can be easily converted to a condos. An apartment at this location cost 24k USD per sqm.

 

[Shotgunner51]

Saudi Arabia under MBS is a natural ally of China. If MBS is to be next king. Saudi Arabian relations with west will remain on not so good terms. In that scenario Saudi Arabia will have to turn towards China and Russia.

This movement of KSA sovereign monies from US/Europe to China is unprecedented in history, MBS does seems quite different from his predecessors, appears to be more bold and assertive.