Reading Time: < 1 minute Like Baidu, if you look at 601998 (its ticker symbol) at Sina Finance. For english readers, read Bloomberg news here. BTW, 1998 is a good number in Chinese. Citic Bank (中信银行) IPO was priced at 5.80 Yuan, and people expected it to open between 7 and 8, based on PE and PB (price book) ratio of other Chinese banks. But it went up as high as 12 this
Reading Time: < 1 minute I’m not picking on the China Construction Bank, this is a problem existing in all the banks. I can think of two reasons: 1) People are “managing their money” nowadays, e.g., people are withdrawing money from bank and put into the stock market; people are doing the certificate of deposit…
Reading Time: < 1 minute Occasionally I received spam text messages from unknown people. People want to sell cars, apartments, etc. But yesterday I got a message from Home Inns (Rujia), it promotes the post “Golden week”(May 1 to 7) sales: it will give one night free during May 6 to 10 if I stay in their hotels for 3 nights. I can not
Reading Time: < 1 minute I believe the dealine is April 17 in the US. If you have not done so, this is a good time to do so. I found the Turbo Tax Online discount link still works (15% off). On a separate note, more than 1.6 million people in China filed personal income tax for last year. Only individual
Reading Time: < 1 minute Hit new high today, it closed above 3500 today (3531 to be exact). I heard from the news on April 9, there were 180,000 new stock trading accounts being opened. As you may know the new accounts and trading volume of 1st quarter already exceeded last year’s No. Feel the power of Chinese stock investors
Reading Time: < 1 minute (Updated April 16) I placed my bid through WR Hambrecht today. I mentioned this a while ago. Today I received email from WR Hambrecht. The bid starts on April 16. Last Nov I opened the acct at WR Hambrecht in order to get the IBKR open IPO. But I was not disiplined enough, end up picking up other
Reading Time: < 1 minute These days this stock index future is a hot topic in Chinese market. You can read lots of discussion on the web. The concensus is the index will need some sort of adjustment before the debut of index futures. Because most people feel the Shanghai Composite Index is too high (almost 3400 as of today),
Reading Time: < 1 minute Fuwei Film (FFHL) stock got a 22% jump today after it announced a very good earning report. Interestingly, I was thinking about this little known company lately. Why? Because I noticed a few days ago it got upgrade from Maxim analyst. The stock went up about 10% and dropped back to 10 in a few days. More importantly, I
Reading Time: < 1 minute The first quarter is behind us. Just like a public company reporting quarterly results and holding conference call, I am going to do a quick review of my little portfolio. This quarter is a quite rollercoaster for me, as it did for many investors. The Jan and Feb started fairly strong and at one time I
Reading Time: < 1 minute ICBC (601398.SS, 1398.HK), Industrial and Commercial Bank of China, announced its 2006 result today, you can read the summary here (Chinese, English). Here is an offical PDF report (in traditional Chinese).
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