Month: March 2007

Categories
China Stocks

More about Chinese Banks

Reading Time: 2 minutes

Last Updated on April 4, 2007 by stlplace

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 Commincations (3328.HK) are on the horizon; some local commercial banks (used to be credit unions) are also preparing IPO, notably Bank of Nanjing, and Bank of Ningbo.

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Categories
Stocks

Got Some GSIT GSI Technology

Reading Time: < 1 minute

Last Updated on April 2, 2007 by stlplace

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 to 8.

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Categories
China Stocks

Yahoo Finance CN is not Perfect

Reading Time: < 1 minute

Last Updated on March 29, 2007 by stlplace

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 in common is they both offer real time price quote.

Categories
China

Student Credit Card

Reading Time: < 1 minute

Last Updated on April 4, 2007 by stlplace

I got my first credit card, a Master card from Citi Bank, back in 1997 when I was a graduate student (and assistant) in Rolla. At that time I had part time job in school. I used the card to pay grocery, books (things I need to buy anyway), and I paid off the balance each month.

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Categories
Life

Second Opinion

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Last Updated on April 4, 2007 by stlplace

These days the health care system, and the hospitals in China are under a lot critism. I believe the system got problem. There are some bad apples among doctors, and other people who are supposed to take care of patients rather than “take advantage of” them. Read this story from Wang Jianshuo if you have the patience. Unfortunately this is not an isolated incident.

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Categories
China

Jinjiang Hotels

Reading Time: < 1 minute

Last Updated on April 2, 2007 by stlplace

I found two stocks related to Jinjiang Hotels. The Jinjiang Gu Feng (company web site, A Share, B Share); and the Jinjiang Hotels Group (company web site, H Share).

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Categories
China Stocks

Investing in Chinese Banks

Reading Time: < 1 minute

Last Updated on March 27, 2007 by stlplace

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 the big four: ICBC, Bank of China (specialize in foreign currencies), Agriculture Bank and Construction Bank, plus Bank of Communcations, and the Cedit Unions I mentioned. Now it’s a total different ball game.

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Categories
Stocks

IBD Meetup Group

Reading Time: 2 minutes

Last Updated on March 26, 2007 by stlplace

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 group meets once a month. Here is the emai I got on Mar 13:

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Categories
China

One Bedroom Apartments in Shanghai

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Last Updated on March 26, 2007 by stlplace

Nowadays the stock market in Shanghai is hot, the real estate market is not. This Chinese article says in year 2006 the Shanghai housing price dropped about -0.5%. While not a significant drop, this plus the recent raise of interest rate makes potential home buyers weary. But I think the buyers need not worry if they know what they want, do the homework, and plan to stay for long term. There are still bright spots in the real estate market. Among those there is one bedroom apartment close to metro stations: the influx of college educated workers like to rent those apartments so that they can get to work, and enjoy the urban living style. Read this Chinese article if you are interested. 

IMG_4782 

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Categories
Beijing Olympics

Beijing 2008 Olympics Tickets

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Last Updated on February 9, 2008 by stlplace

It will be on sale soon. Here is the site for Chinese residents (for English, click on English under the Beijing2008 icon), including people originally not from mainland China but are currenly living inside China. For foreigners live outside of China, they need to contact the Olympics Committes of their respective country (region). Here is the eligibility and ID requirements (Click on English if necessary).

Thinking about getting the ticket for opening ceremony? The ticket ranges from CNY 200 to CNY 5,000. But I think it will be more or less like a lottery draw considering China has 1.3 billion people 🙂