UBS became the latest financial firm to go to Asia and the Middle East hat in hand, hoping to raise enough cash to patch the holes in its balance sheet caused by its holdings of subprime mortgages.
This calculation, moreover, does not take into account the large supply of second-hand units held by investors, who are increasingly eager to dispose of their holdings.
这样的计算还未包括投资者手里大量待沽的二手房,他们非常迫切想要把自己手里的房产出手。
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On the other hand, it would be a bad thing for China, which would suffer large losses on its dollar holdings.