Year: 2007

Categories
Stocks

Private Equity in China

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Last Updated on April 2, 2007 by stlplace

Private Equity plays a bigger role in Chinese stock market these days. In the US private equity deals more with M&A, merge and acqusitions. In China, because the stock market did so well in last year, a lot private money has been poured into private equity (私募基金). You can feel the temporature of the market by reading this “raising minimum limit” notice. Besides money, many mutual fund managers have jumped the ship for private equity.

Interestingly, I was seriously thinking about start a similar thing (more like Buffett’s partneship, vs. other capital management firms) for a while. I won’t have this CNY 1 m. limit, which I think is no small amount for most people here. If anyone is interested, read “investing together” at the right.

Categories
China

Hongqiao Shopping Mall

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Last Updated on April 5, 2007 by stlplace

Went to nearby Hongkong (correct Apr.6: should be Hongqiao) shopping mall on Saturday. I did not realize it’s only one block’s away from my apartment. Here are some photos (to have a larger view, click on the picture). The fountain and front view:

IMG_4790 

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Categories
China Stocks

More about Chinese Banks

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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

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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

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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

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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

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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

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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

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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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