Reading Time: < 1 minute Week in review 12-09 to 12-15 1) China central bank, along with China Banking Regulatory Commission, defined “what is second home” for the lending purpose: it will be measured against a family (husband and wife), not individual. See this NetEase news. 12月11日，央行、银监会联合发布《关于加强商业性房地产信贷管理的补充通知》明确规定，以借款人家庭为单位认定房贷次数。另外，如果首套住房人均面积低于当地平均水平，再贷款购房还是按照首套标准执行。业内人士解释，以家庭为单位来界定，就相当于夫妻双方无论任何一方有向银行申请房贷的记录，另外一方再贷款买房，都要按照房贷新政执行，即提高首付比例的同时，贷款利率按照现行贷款基准利率的1.1倍来计算。 For more info, check out Baidu. A smart move to contain the housing
Reading Time: 2 minutes Stock Price Shares of Vanke (sina, Google Finance) has gained more than 200% YTD, but it is taking a hit lately. A while ago I read these two interesting articles (21cbh, sina) about the valuation of Vanke share. The key question is whether it is over priced, considering its growth potential. Of course no one
Reading Time: 2 minutes I would like shift my focus away from the stock market, and dedicate this special day to Nanjing and Chinese people all over the world. Nanjing is the sister city of Saint Louis. Many Chinese people (e.g., my friend Wang Jianshuo) know the Nanjing Masasccre happened 70 years ago. Couple days ago I heard a
Reading Time: < 1 minute came to the US (NYSE) today. One is VanceInfo, which I mentioned earlier in an earlier post. Quote myself: “Also, I noticed the first Chinese software outsourcing company, VanceInfo, is going IPO in NYSE. Here is the prospectus. One word of caution: from my own experience, the Dec IPO ususally is not going to be
Reading Time: 2 minutes Week in review Dec 2 to Dec 8 1) All remaining CompUSA stores to be closed (bloomberg). I think it’s understandable from business point of view, because selling computer is a tough business these days. It is a commodity business, and unlike other commodity such as gas or coffee, a customer only buy a new
Reading Time: < 1 minute (Update Dec08) They released 2008 forecast, here is excerpt. 中金2008年股票策略报告认为，中国A股市场高估值状况将在2008年持续，大盘蓝筹股明年上升空间为30％－40％，并看好金融、地产、零售、钢铁和电力等五大板块的投资机会。 (Original) We are at the end of 2007, and it’s interesting to reflect how the market did, how our portfolio did, and how the analysts did (to forecast the market). In the begining of this year, I have the oppertunity to read this CICC 2007
Reading Time: < 1 minute Home Inns (HMIN) is raising fund through convertible bond (up to) $149 m (reuters news). It seems they still need the cash to expand. Longtop got more analyst converge: Deutsche bank and Jefferies initiated with Buy with target price of $30 and $29, respectively. Quoted here: Deutsche Bank initiates coverage on Longtop Financial Technologies (NYSE:
Reading Time: < 1 minute According to Chinatimes.cc (Shui Pi), 上证指数自10月16日创出历史新高6124点之后已经连续下跌30天，下跌1346点，跌幅达到20%，市值的损失高达5万亿左右，相当于这一轮牛市启动之前中国股市的整个市值，不夸张地说，是蒸发了一个传统股市。按照跌幅超过25%可以视作牛熊转换的理论来看，这样的调整即便不能算崩盘，至少也是大起大落的一种表现，更何况根据媒体的统计，从2006年11月至今，投资者亏损面已经达到70%以上，挣钱的不足25%。 …… 一个和谐社会是离不开一个和谐的股市的，要把胡锦涛总书记“创造条件让更多的群众拥有财产性收入”的讲话精神落到实处同样需要一个充满着阳光和希望的股市。投资者要有风险意识，管理层又何尝不是如此呢？ Seriously, harmonious or not, I do not think there is a stock market in which more than 50% of the participants making money. To be more realistic, I think 30% make money, 70% lose money is common in stock markets, especially in short term (say one year
Reading Time: 3 minutes First a little background. Longtop did its high profile IPO on Oct. 24, a short month ago at NYSE (think how much market sentiment has changed since then). As the first Chinese software company listed in NYSE, Longtop is in the sweet spot in terms of the customers they serve: the Chinese banks. Chinese banks,
Reading Time: < 1 minute I read some interesting Chinese posts from soufun today. I just put the links here: thought we may get a better picture of Shanghai housing market by reading them all. Pudong new housing one day tour 浦东看房一日游. Songjiang overview 松江新城高品质公寓 (the author appears to be biased toward Poly since he/she is Poly West Bay 保利西子湾
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