Day: March 26, 2007

Categories
China Stocks

Investing in Chinese Banks

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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 🙂