Reading Time: 2 minutes First a little background. Like the Chinese stock market, the Chinese real estate market has a brief history and I talked it a bit in my previous E-House post. Also, China is a big country and the real estate market varies by region, for instance, the Shenzhen market is cooling down lately while Shanghai market
Reading Time: < 1 minute National Day (the birth date of PRC) Oct 1 is coming. I saw lots of flags on the street. Pretty neat, huh? Seriously, this is a good time for the travel industry to cash in. Because people will have a week off. Many people are doing some tour: from Sanya, Li Jiang to Bali or
Reading Time: < 1 minute From Sina: Q1: Do you like (agree with) the new policy which raised down-payment for 2nd or 3rd home? (My answer: Yes). Q2: Do you think this policy can combat the speculation and contain the home price? (My answer: No). Q3: Will this policy affect your home buying plan? (My answer: No).
Reading Time: 2 minutes It’s not the last ditch, but the goverment (China bank regulation commision, or CBRC) is raising the down payment for 2nd or 3rd time home buyers. They will need to put down 40% or higher (compared to 30% in the past). Obvioulsy we can understand the good intention of the goverment policy: contain the speculation
Reading Time: 2 minutes From the bbs at world famous mit. Thanks to Author: capcase (gotmail). I’m putting my comments at the end. Here is the original article in Chinese, the original title is “china IPO stocks”. For English, cnanalyst.com has a nice table which tracks Chinese ADRs YTD performance. So check out from there. 下面是一个简单的表格，列出了2006年12月20日至今在美国上市的中国企业的名单和大致情况。更详细的情况无法在这里列出，有兴趣的读者可以查询Bloomberg, Yahoo! Finance和China Analyst,即可得到比较详细的英文资料。
Reading Time: 2 minutes The Crocs (CROX) stock is on a roll lately, as it’s closing 3rd quarter and holding two investor conference (link to webcast) in NYC and London. I added some more CROX last week when the escalator accidents is on the news. Another reason is I sold WX. I think both CROX and WX are good
Reading Time: < 1 minute It’s that season again. I saw people carrying around Moon cake bags, presumtably many got it from Danwei. That’s one good thing working in China, you got a lot freebies during holidays, that’s different from west. Can not imagine that companies in the US will give away Turkey coupon during Thanksgiving. Anyway I like the
Reading Time: 2 minutes Last Saturday when I was reading the Shanghai Business Review magazine in a Starbucks (Hongqiao Parkson), I was a little surprised to learn there are 570,000 foreign expatraites living or working in Shanghai. Hangzhou, the scenic city near Shanghai, has 8,000. I remember in year 2003 or so, the ShanghaiExpat web site just got started
Reading Time: 2 minutes First a little update about the Typhoon Wilpa. Shanghai did not take the direct hit, or use my now retired boss words “we dodged another bullet”, he was referring to his condo at Florida during Hurricane season. More importantly, Shanghai suffered minimal human loss because of comprehensive preparation before the storm. More than 290,000 people
Reading Time: < 1 minute I sold Wuxi Pharma Tech (WX) this morning, at $28.81. Not surprisingly the stock continued up after I sold it. I bought it a month ago at $21.80 so I’m happy. The stock is a bit expensive at current price ($30), considering its PE (about 100), profit margin, and its 2007 est. revenue. Another thing
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