Welcome to the information sharing corner

Welcome to this sharing corner from KW-11. I find this information worth to note and that's why I create this platform to share all those with you. Topic is not restricted, varies from health, investment, shopping, entertainment, jetso, so on and so forth. Please take a few moments to read the below.

Top 10 Reasons to Eat MORE Fruits & Vegetables

10.  Color & Texture. Fruits and veggies add color, texture ... and appeal ... to your plate.

9.  Convenience. Nutritious in any form - fresh, frozen, canned, dried and 100% juice, so they're ready when you are!

8.  Fiber. Fruits and veggies provide fiber that helps fill you up and keeps your digestive system happy.

7.  Low in Calories. Fruits and veggies are naturally low in calories.

6.  May Reduce Disease Risk. Eating plenty of fruits and veggies may help reduce the risk of many diseases, including heart disease, high blood pressure, and some cancers.

5.  Vitamins & Minerals. Fruits and veggies are rich in vitamins and minerals that help you feel healthy and energized.

4.  Variety. Fruits and veggies are available in an almost infinite variety ... there's always something new to try!

3.  Quick, Natural Snack. Fruits and veggies are nature's treat and easy to grab for a snack.

2.  Fun to Eat! Some crunch, some squirt, some you peel ... some you don't, and some grow right in your own backyard!


QFII and Small QFII

QFII (Qualified Foreign Institutional Investor) is a program launched in 2002 to allow licensed foreign investors to buy and sell yuan-denominated A-shares in China's mainland stock exchanges.

The "Small QFII" policy is a nickname given to the program that allows offshore Renminbi to invest in the Chinese A-share market through Hong Kong-based Chinese securities houses or fund companies. The "Small QFII" has its own separate limit on QFII quota granted to qualified foreign institutional investors and does not divert the existing QFII quota.

The initiative is part of China's effort to further open up its capital market and to promote international use of the yuan in order to reduce the country's reliance on the USD in cross-border transactions. It will also widen the investment channels for overseas holders of the Chinese currency. However, the Small QFII program will help shore up liquidity in the A-share market but the impact will be limited given the relatively small size of the initial capital pool.

The regulator had granted quotas worth about $17.72 billion to 89 QFII funds by the end of June 2010. It is estimated that the Small QFII quota could rise to $15 billion in the years to come.

Forfaiting and Factoring

Forfaiting is generally referred to the purchase of obligations falling due at some future date, arising from deliveries of goods and services - mostly export transactions - without recourse to any previous holder of the obligation. The forfaiter will deduct interest in advance for the whole period of credit and disburse the net proceeds immediately. The exporter thus virtually converts his credit based sale into a cash transaction. His sole responsibilities are manufacturing and delivery of the goods, thus creating a valid payment obligation of the importer.

The terms factoring and forfaiting have been mixed up frequently. Factoring is suitable for financing several and different smaller claims for consumer goods with credit terms between 90 and 180 days, whereas forfaiting is used to finance capital goods exports with credit terms between a few months and ten years. Factoring only covers the commercial risk (i.e. Inability or unwillingness of the obligor or guarantor to fulfil its obligations on due date), whereas forfaiting additionally covers the political and transfer risk (i.e. Inability or unwillingness of states or other official bodies to effect payment in the currency agreed upon - including the risk of moratorium). Advantages/ Benefits of forfaiting are:

Exporter's Advantages:

  • Non-recourse to exporter
  • Converts credit sale to cash sale
  • Offers fixed rates
  • Provides 100% financing
  • Simple documentation
  • Used or new equipment
  • Exporter generates good will, Importer does not know about Forfaiter
  • Fast Turnaround and Flexible
  • Importer's Advantages:

  • Allows them to pay for the product from the revenue it generates
  • Fixed or Floating rate extended term financing
  • They can offer the equipment as collateral to secure a guarantee
  • Simple documentation

  • Nexus One vs iPhone 3GS

    January 5 2010 is the day when Google announce the release of the Nexus One phone in a special press event in the 2010 Consumer Electronics Show. Briefly speaking, Nexus One comes with the 1GHz Snapdragon processor, 512MB of RAM & ROM, a 3.7-inch display and preinstalled with a 4GB removable microSD card (expandable to 32GB).

    Nexus One is now available for sale @ www.google.com/phone. Hong Kong is one of the 3 test markets whereby we can order the unlocked phone which will be shipped directly from the US at the price of USD529 + USD28.32 (shipping). I think Google Nexus One is a successful device and threat to Apple iPhone 3GS at the moment. Below is a head to head comparison between the Google Nexus One and iPhone 3GS.

    SpecificationNexus OneiPhone 3GS
    OSAndroid 2.1iPhone OS 3.1.2
    Dimensions119 x 59.8 x 11.5mm 115.5 x 62 x 12.3mm
    Weight130g 135g
    BluetoothBluetooth 2.1 + EDR, A2DPBluetooth 2.1 + EDR
    ProcessorQualcomm Snapdragon 1GHzARM CortexA8 600MHz
    Graphics22mio triangles/sec7mio triangles/sec
    BatteryRemovable battery / 1400mAhBuilt-in rechargeable / 1219mAh
    Talk timeUp to 10/ 7 hours on 2G/ 3GUp to 12/ 5 hours on 2G/ 3G
    StandbyUp to 290/ 250 hours on 2G/ 3GUp to 300 hours
    Video playbackUp to 7 hoursUp to 10 hours
    Audio playbackUp to 20 hoursUp to 30 hours
    Display3.7" OLED 800 x 480 pixels3.5" LCD Capacitive 480 x 320 pixels
    MultitaskingYesNo (except jailbreaking)
    GPSAGPS + DedicatedAGPS + Dedicated
    App Store18,000 + Apps100,000 + Apps
    Cloud SyncGoogle Apps (Mostly Free)Mobile Me (Paid)
    Camera5M pixels with Flash + 2X digital zoom3M pixels, Tap to focus
    Video720 x 480 at 20fps or higherVGA quality 30fps 640 x 480
    Data SyncOnly Contacts, EmailsMore Flexible sync with iTunes

    Flat rate of interest vs Effective rate of interest

    Recently, when I open the letter box, there are many leaflets from different banks to market their tax loan especially the tax paying season is now approaching. Very often banks offer flat rate of interest on the tax loan. Flat rate at first glance sounds good because the rates quoted are lower than the reducing balance interest rates and an average consumer understands the flat rate very easily. However, the truth is the reverse.

    The simplest explanation: when you take a flat rate loan, you are asked to pay interest on the whole amount (principal) during the whole tenure of the loan even when the principal is gradually reducing during the term of the loan. Flat rate is the interest charged on the full amount of a loan throughout its entire term and commonly known as a 'pre-determined' credit charge. The flat rate takes no account of the fact that periodic repayments, which include both interest and principal, gradually reduce the amount owed.

    Consequently the effective interest rate is considerably higher than the nominal flat rate initially quoted. That's why you must notice that a table of annual percentage rate (APR) is attached herewith in the leaflet for comparision between the two rates. Anyone confronted with a flat rate of interest should remember: a rough rule is that 9% flat equates to about 17% effective per annum, i.e. double the flat rate less 1%, on a 12-mth loan, although this varies with the term of the loan.


    The information is extracted from Better Health Channel, Victorian government (Australia). Cholesterol is a fatty substance normally produced by the liver and found in our blood. It has many good uses, but can become a problem when there is too much of it in the blood. Developing healthy eating habits will help reduce your cholesterol levels. Healthy eating suggestions:

    Swine flu

    Swine flu, also known as swine influenza or influenza A (H1N1) virus, is a contagious respiratory disease. Swine flu, when it affects humans, sometimes doesn't cause any symptoms. It usually causes a short-term illness similar to seasonal flu. Symptoms of swine flu may include:

    If you have flu-like symptoms you should stay at home, and not attend work or school. Drink plenty of fluids and rest. Good hygiene is very important and can reduce your risk of getting swine flu or passing it onto other people.


    An accumulator is actually a set of 1 long in-the-money call option and 2 short out-of-the-money options.

    If you buy a one-year accumulator contract, as long as the price of share (currency) is above the strike, you can receive the shares (currencies) and sell them on the spot market, and you make money every day for one year. To make the transaction cheaper, the call option is a knock-out option because it is cheaper. A knock-out option limits the upside you can get. If the price is above the knock-out value, the whole contract expires/ terminates and you won't be receiving any more shares (currencies) from that day onward. (This happens in bull market)

    On the contrary, to make the accumulator cheaper, the investor is selling 2 puts to subsidize the cost of the knock-out call. When shorting a put, the investor receives shares (currencies) at a higher price when the price is below the strike. And to make the matter worse, since investor is shorting two puts for each call, he/she will be receiving 2X the number of shares (currencies) at a higher strike! (This happens in bear market)

    As you may see, basically with an accumulator, you've got limited upside but doubled unlimited downside. Indeed, an accumulator is 'I KILL YOU LATER'!!

    Yen carry trade

    The term carry trade refers to currency carry trade: investor is borrowing at low interest rates in yen and using the loan to buy higher yielding assets elsewhere.

    The risk of carry trades is that foreign exchange rates will change, and the investor will have to pay back now more expensive currency with less valuable currency. In theory, carry trades should not yield a predictable profit because the difference in interest rates between two countries should equal the rate at which investors expect the low-interest-rate currency to rise against the high-interest-rate one. However, carry trades weaken the target currency, because investors sell what they have borrowed, and convert it into other currencies.

    Useful links

    Some related links and information you may find useful.