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Shanghai composite index closed new 52 week low today, at 3094.67 (down 12% compared to a year ago).

(full size pic here, powered by Google Finance)
But I don’t think too much of it, other than the valuation of China A share market is more attractive now. The composite index itself is screwed up because PetroChina A […]

With the growth of web and blogging, there are more and more financial resouces we can turn to: we are not limited to the good old newspaper for stock prices, volume anymore. Don’t laugh at me, ten years ago I did precisely that in Shanghai. But the conveniece of data access does not come at […]

ICBC, Industrial and Commercial Bank of China, the largest bank in China (and arguably in the world), announced its year 2007 results recently. Here is the webcast (good stuff). And quote the Reuters news: ICBC earned 81.52 billion yuan ($11.56 billion) in net profit in 2007, compared with 49.3 billion yuan in 2006, a 64.9% […]

There are lots of talk about Chinese A shares market these days, both because of the big drop lately, and because of the in-action of the goverment. You can read the two Chinese articles (one supports inaction, another cries for goverment action), if you know Chinese. I don’t want to get into the debate of […]

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 […]

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 […]

USA today has an interesting article regarding Chinese investors (speculator more precise) learning a tough lesson in the domestic stock market. The article used two example to explain:

(Picture source: USAtoday.com)
In October (2007), Wang, 45, invested $2,800 in a Beijing real estate firm, chosen, Wang explains, “because it’s called an ‘Olympic stock,’ and ought to do […]

The China doemestic stock market resumed trading after a week of recess (for the Lunar New Year). To the surprise of most people and an old Chinese saying “Kai Meng Hong”, the market opened down instead of up. It appears people are still nervous about the US economy and its fallout effect to China economy. […]

Last night is the last trading day for Chinese domestic stock market, for the year of pig. According to Google Finance, the index is up 72.09% in the year of Pig. The index closed at 4,599.70, a tiny bit shy of 4,600. Shanghai composite has been up BIG two years in a row. Guess that’s […]

(Jan 31) Read this piece from Shui Pi, a reknown Chinese stock columnist. Quote a paragraph here:
统计表明，2007年中国资本市场融资再融资的规模近8000亿，而印花税为2005亿，两者相加近10000亿，相当于流动市值的十分之一。这笔钱是从市场中拿走的，基本上不可再生。如果2008年的主板融资规模维持不变，那么再加预期中的创业板的融资规模和大非解禁的资金数量，增量资金的需求量就是一个天文数字。2008年的股市有那么乐观吗？He is saying, the transaction cost plus the new IPO last year totaled RMB 1 trillion, which is about 10% of the total market float.
(Original) After recent brutal selling of Chinese domestic market, it appears some “blue […]