Reading Time: 3 minutes China. Hot. Housing market in China? Red hot. Put an “e” (hint: eBay) before that? Sizzling. So do we jump into this sizzling (hot) IPO, just by looking at its name and its business, the residential real estate brokage in China? The answer is obviously No. First a little bit history on Chinese residential housing
Reading Time: 2 minutes I read from PacificEpoch about the filing. From its SEC filing, here is an summary: “We are a leading real estate services company in China based on scope of services, brand recognition and geographic presence. We provide primary real estate agency services, secondary real estate brokerage services as well as real estate consulting and information
Reading Time: < 1 minute But the controversy is not over. Here is a Chinese article talking about the “culture misunderstanding between China and the west”. On a related matter, people are wondering those “American Express” sponsored boards (in English) should remain.
Reading Time: < 1 minute Dai Tou Da Ge, the Chinese famous stock blogger, got arrested by the goverment for “illeagally enaged in financial advising activities”, according to Sina news. So what do we learn from this? 1) If some one claims he/she can predict the stock market with 90% accuracy. Run, run away as fast as you can. 2)
Reading Time: 2 minutes Today, Fredy Bush, the CEO of Xinhua Finance and Xinhua Finance Media Limited (XFML), released a letter to counter the recent media coverage of “the mystery of Xinhua Finance”. Quote the letter: — Over the years the media has criticized Xinhua Finance as being too close to the Xinhua News Agency and the government of
Reading Time: < 1 minute The Shanghai composites went down 5% today (to about 3600), the biggest drop since May 30 when goverment increased the “stamp tax”. I heard one reason for today’s big drop is incoming new issues such as the IPOs from Bank of Nanjing, Bank of Ningbo. Hello?! How many new shares are B. of Nanjing and
Reading Time: < 1 minute I am getting the Hepatitis B vaccine shot lately, already got two shots done, and will have the last one in about 6 months. Each shot cost me $35.00. Note this is the rate at County Health Dept, other places will be more expensive. Vaccination is not my favorite thing when I was a pre-school
Reading Time: < 1 minute Here is a Chinese article talking about the history of the Xinhua Finance, Xinhua Finance Media Limited (Nasdaq: XFML), and its founder Ms. Fredy Bush. Quote the article, Xinhua Finance claimed “如果你生活在中国，清晨醒来打开电视就能看到收视率最高的节目之一：《财富早7点》。乘车上班途中，可以收听到中国国际广播电台EasyFM的节目。路过报刊亭可以见到《经济观察报》、《投资有道》和《基金观察》。” This is not necessarily true, I could NOT see the “Fortune Morning (7 AM)” in Shanghai on TV. If a Financial TV program
Reading Time: < 1 minute The Hangzhou bay bridge, the bridge connects Ningbo (my hometown) and Shanghai, got completed (the structure). This will cut the travel distance (and time) from Ningbo to Shanghai dramatically. Here is a picture taken at Ci’xi, the bridge starting point at Ningbo side. This is the longest sea crossing bridge on the world as of
Reading Time: 2 minutes (Update June 25) Fuwei has a news release regarding this today. (Update June 19) The stock (FFHL) got a big lift (18%) today. Major’s rule No. 2: stock moves when Major mentions it at stlplace, e.g., EDU (mentioned in June 9) and FFHL. Some speculative Chinese stocks got big move too, e.g. EFUT is up 30% today. Seriously I am not saying Fuwei is
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