Reading Time: < 1 minute Q&A about housing price in China, by Vanke (000002.SZ) Chairman Wang Shi. He wrote those Q&A in his own blog. I put it together here because it’s a bit hard to read 7 articles separately. I left out couple tables because it’s hard to paste. I’m interested in the Chinese housing for two reasons: 1)
Reading Time: < 1 minute William Ding Lei is the founder, and Chairman of NetEase. He talked a little on the bubble in the stock markets during an interview lately (link here). I shared Ding Lei’s insights because he has been through the full cycle of the stock market: right after NetEase (NTES) came to Nasdaq in 2000, the dot
Reading Time: 2 minutes It looks like it. On Monday Jan 21 we have the biggest drop of global stock markets in recent years (see the quoted news below). I want to talk a little about the Chinese market in specific. It appears to me two pieces of news helped driving the market down. The huge secondary offering of
Reading Time: < 1 minute Quoting Reuter News: E-House China (EJ), filed with U.S. regulators on Thursday for an offering of $175 million of its American depositary shares. Note the company recently formed alliance with some major home builders in China (read the news from CNNMoney). Now they are asking more money from the market, the shareholders (old or new).
Reading Time: < 1 minute Well, Longtop did not turn out to be long top, it was a short top if you will. I sold most of the shares today (still 50 shares pending in Scottrade). The problem with Longtop (LFT) is not fundamental, it’s rather valuation. In current market, I think an unproven Chinese financial software (IT service) company
Reading Time: < 1 minute (Update) Halter US China Index closed down 7.89% and FXI down 7.55%. China Mobile (CHL), a major component of both index, is down 7.79% today. FXI (FTSE Xinhua 25) dropped 7.23% as of now 11:27 AM US CST. Halter US China Index (web site), which is more broad based Chinese ADRs traded in the US
Reading Time: 2 minutes I decided to buy some China Mobile shares, after did some reading in the weekend. Today’s news is China Mobile walked away from Apple regarding iPhone, cool. Since I placed a limited order ($85.25) last night, I got it at $84.22 shortly after it started trading. Two things: China Mobile (NYSE:CHL; HK:0941) is not cheap,
Reading Time: < 1 minute The following screen shot is from Capital Week Jan 5, 2008 We know from Jan 1 2008 China will have a unified corp tax rate of 25% (some tax rebate for certain industry and foreign enterprises will still apply for a while). It appears retailer, bank, home builder, and telecom (include mobile phone) will be
Reading Time: 2 minutes 1) Why it quit the outsourcing biz? We know outsourcing is a typically low margin business. Interested readers can look at the VanceInfo (formerly WorkSoft), the first Chinese IT outsourcing company listed in Nasdaq. It did IPO recently. Longtop should not get into the oursourcing business to begin with. I suspect the VCs suggested the
Reading Time: 3 minutes All right, now the Chinese regulatory (People’s Bank, China banking regulatory commision, China Securities Regulatory Commission,…) got what they wished for this Christmas: after the cool down of the doemstic stock market, now housing market started take a turn (according to many experts including Vanke CEO Wang Shi). This is reflected in the sharp declining
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