Reading Time: 2 minutes The Shanghai composites index hit a new YTD low last night (US time), with the help from PetroChina (PTR, 601857.SS) nearly 9% loss. Note PTR has 20% weight on the Shanghai index. Fundamentally, the Chinese public companies will have tough comparison this year. Last year with the effect of new accounting method (does this sounds

Reading Time: 2 minutes There were some big news in the US wireless arena last week. Verizon and AT&T won the auction of some new wireless spectrum, Google did not win the spectrum (see the details at NYTimes). Do you know how much Verizon paid for the new spectrum? $9.6 billion. Imagine a similar scenario in China, how much

Reading Time: 2 minutes Zhu Ping (朱平) is the chief investment officer (投资总监) of Guang Fa fund(广发基金), I have a lot of respect for him not because he went to the same graduate school I went (Shanghai Univ. of Finance and Economics); but rather he is an independent thinker, has a good track record managing the funds, has a

Reading Time: < 1 minute Financial Times did a Top 10 Chinese global brands survey recently. And here are the winners. Did you notice anything interesting? I noticed BoC, Air China, China Mobile, China Telecom, Sinopec, CCB are state owned (majority owned); while Lenovo, Tsingtao beer, Haier and Baidu are public companies. I am a little puzzeled why ICBC and

Reading Time: 3 minutes As you may aware, terrible things happened in Lasha (China) a few days ago. It is reported 5 young girls who worked for an apparel shop were killed in the riot (in this particular case, arson set by the thugs). I noticed the last text message one of the girl sent to her father is:

Reading Time: 2 minutes It was a short while ago (last Nov) Alibaba did its high profile IPO in Hongkong. Now it’s back in the news again. Don’t get me wrong, Jack Ma (Ma Yun), the founder and Chairman of Ali, was always in the news. I remember a few years ago (when the company was private) he said

Reading Time: 2 minutes Yesterday was a quite amazing day for stock market. The US market (Dow, S&P, and Nasdaq) went up the most in 5 years, after the dear friend of Wall Street (Mr. Ben Bernanke) cut the interest rate by 0.75%. Here are details in the news (Dow 416 points gain, Fed rate cut sends market soaring).

Reading Time: < 1 minute I found AT&T offers iPhone 8GB refurb for $249. Here is the link. As of now the regular iPhone 8GB is $399 at Apple or AT&T store. I think one has to sign up the AT&T data plan to use some of the web features of iPhone. I could be wrong. Also, I found this

Reading Time: 2 minutes I heard a lot of buzz words in this Bear Stearns crisis, $100 oil, Spitzer scandal, global housing bust…world. Just list some new words I found interesting: De-leveraging This one is easy for me (because I don’t have much to leverage on). I was a little astonished by the leverage ratio of investment banks such

Reading Time: 2 minutes I sold some Mindray stocks (MR) last Friday and today, and I bought some Syngenta (SYT), the European agriculture company. I think it is a more reasonably valued stock (compared to my across street neighbour Monsanto), in this ag (soft commodity) boom. The thing I want to make sure is it does not bust very