September 4, 2007

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Last Updated on September 5, 2007 by stlplace

At least on Internet front, as I read this post from Wang Jianshuo.

Similar thing can be said about the China stock market, the “open H-share to domestic investors” initiative took a pause this week. The new word is it will start in 2 months; and the minimum balance is 300 k Yuan (vs. previous 100 k Yuan). This news will certainlly boost the domestic A share market, as hot money stays inside China, for the moment. Sersiously I don’t think this policy will have too much effect to Hongkong, as some forward thinking Chinese investors already found their ways in Hongkong and US stock market. Just as I said in previous post, some foreign investors (e.g., Yale university) already found their ways in China A share market.

So, how about we say “the world is not flat; it’s in the process of becoming flat,…”

Week in review 08/26 to 09/01

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Last Updated on September 11, 2007 by stlplace

I’m back from Sanya. Felt good about the beach and Marriot hotel, I will talk more about the trip later. The following are stuffs I recorded before the trip.

1) Ctrip service is good. Free pick up, delivery; SMS reminder; coupon book including shuttle ride from airport to hotel. By the way, I saw Ctrip’s rep at Sanya airport. She gave me a small tour guide book (free); the book seems very useful. I guess Ctrip is continuing to grow, and create stickness with its customers.

2) Got 2 shares of Vanke at its secondary offering. I bid 500 shares, and the allocate rate is about 0.46%, so I got 2 shares at 31.53 Yuan each. This is smallest stock purchase I ever made. I heard Vanke’s secondary attacted CNY 200 b to bid. Citic Securities slightly beat that with CNY 225 b.