On September 19th and 20th, the Federal Reserve is set to convene another FOMC (The Federal Open Market Committee) meeting. While market attention is largely centered on unemployment and inflation figures, I've consistently underscored in various articles the potential hazards posed by ongoing interest rate hikes to the U.S. banking sector, as well as the enormous strain on the U.S. fiscal deficit. The repercussions of the Silicon Valley Bank incident six months ago did not destabilize the entire U.S. banking system. However, can other banks or financial institutions remain complacent?
Who will be the next potential ticking time bomb?
The sector most intrinsically linked to the financial system must be real estate. Within American commercial bank loans, commercial real estate represents 30%, while residential real estate accounts for 26%. It's no exaggeration to state that real estate holds significant sway within the banking landscape. Beyond banks, numerous other financial institutions play pivotal roles in the real estate market, such as Freddie Mac and Fannie Mae, which became widely recognized during the subprime crisis. As the Federal Reserve consistently raises interest rates, our focus shouldn't just be on the short-term liquidity challenges posed by regional banks investing in US Treasuries. Another evolving concern is the escalating pressures on the broader financial system emanating from the US real estate sector, especially after the Federal Reserve's rapid rate hikes over the past year.
DL HOLDINGS GROUP LIMITED
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1709.HK)
Multiple chat groups on the instant messaging application WhatsApp are falsely claiming to be affiliated with DL New Economy Research Institute
(September 25, 2023, Hong Kong) – DL Holdings Group Limited (“DL Holdings” or the “Company”, together with its subsidiaries, the “Group”, Stock Code: 1709.HK) noticed that recently there have been multiple chat groups claiming to be affiliated with DL New Economy Research Institute on the instant messaging application WhatsApp. Additionally, unknown individuals have been impersonating the Group or its employees. The Group hereby clarified that these individuals, groups and messaging groups are in no way connected with or controlled by DL Holdings or DL New Economy Research Institute. DL Holdings has not officially established any chat groups or conversations on WhatsApp or any other instant messaging applications. The group has reported the matter to the police for further investigation and strongly advises the public against joining or engaging with these unauthorized chat groups.
|Official Website||: https://www.dl-holdings.com/|
|WeChat Offical Account||: 德林控股 DL HOLDINGS|
|FUTU Offical Account||: 德林控股 DL Holdings|
Apart from the above official channels, the Group hereby reminds the public that any websites or messaging groups claiming to represent DL Holdings are not authorized by DL Holdings and are potentially involved in falsehood and fraud. It is crucial for individuals to remain vigilant and cautious about the authenticity and reliability of the relevant information. Individuals are strongly advised to exercise caution and be wary of any individuals or groups making claims of affiliation with DL Holdings, DL New Economy Research Institute, or posing as their employees.
If the public has encountered any suspicious incidents or has doubts about the person, platforms, websites or institutions associated with DL Holdings in mainland China or Hong Kong, please contact us via DL Holdings hotline (852) 3890 2900 or by sending an email to email@example.com. Additionally, it is advisable to notify the local police authorities for further assistance.