Reading Time: < 1 minute Private Equity plays a bigger role in Chinese stock market these days. In the US private equity deals more with M&A, merge and acqusitions. In China, because the stock market did so well in last year, a lot private money has been poured into private equity (私募基金). You can feel the temporature of the market by
Reading Time: 2 minutes These days the Chinese bank stocks are flying high. At the same time the competition also intensifies as the foreign bank are formally opening branches next Monday. The domestic players are raising fund through IPO: with the recent IPO of ICBC (601398.SS) and Bank of China (601988.SS); the new IPO of China Citic Bank, the “Haigui IPO” of Bank of
Reading Time: < 1 minute I did not got it from the IPO allocation. WR Hambrecht did call me but I was not near the phone. When I called back, they told me they already offered the shares to others. This may be a good thing as the share was priced at 5.50, below the original price range of 6.50
Reading Time: < 1 minute I found Yahoo Finance (China version) is not good enough. For instance, it does not have information for earnings and PE ratio for the stocks, e.g., check out this 600064.SS Nanjing High Tech. I found Sina Finance does a better job. It has these information. You can check out the 600064 here (scroll down, check out 最新简况). One thing
Reading Time: < 1 minute These days I saw more and more banks in Shanghai. Beside the addition of domestic banks such as Bank of Shanghai, which has root from Shanghai City Credit Union, many foreign banks such as Citi Bank opened branches and they also do the Ren Ming Bi business. Why suddenly we have so many banks? I remember 10 years ago we have
Reading Time: 2 minutes Don’t think only Chinese investors have the herd mentality. The similar things happen to American investors too. One thing I noticed is there are lots of investors club in the States. They have meetings, discussions, etc. I went to the IBD (Investors Business Daily) Meetup at St. Louis once, and I received the group email from time to time. The
Reading Time: < 1 minute (Update 21Mar07) The revenue and net income for past 12 months are $50 m and $7 m respectively, according to IPOHome. I received this IPO offer from WR Hambrecht today. Since Xinhua Finance Media (XFML) turned out to be cold, I will be more careful here. Luckily I don’t see JP Morgan on the underwriter list.
Reading Time: < 1 minute I mentioned the Ajisen Ramen 味千拉面 a while ago, see this post. Today from what I read from China-CBN, they are going to do IPO in Hongkong, the symbol will be 0538.HK. Like the Huiyuan Juice, I think this will be a hot one. Please be aware I am not endorsing Japanese noodles here. As matter of fact,
Reading Time: < 1 minute Finanlly I bought some A Shares in Shanghai Stock Exchange this afternoon. This is more than 10 years after my last purchase 🙂 I realized Chinese domestic stock market is still not widely open to foreign investors. There is a thing called QFII, stands for qualified foreign instiutional investors. Here is a good explaination for
Reading Time: 2 minutes I went to ChinaClear, the Chinese securities clearing house. I don’t know what’s the equivalent in the States? I do believe they have something similar but it’s just behind the scenes. In other words, we don’t need to know all the details.
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