stlplaceI 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.
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.
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.
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).
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.
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:
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.
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 🙂
One major difference between US and Chinese (including Hongkong) stocks are the stock ticker symbols. The US markets use the abbreviation of English names, e.g., MSFT for Microsoft, ADBE for Adobe, F for Ford, T for AT&T, etc. While Chinese use numbers 601398 for Industrial & Commerce Bank of China, 601988 for Bank of China, etc. Maybe Chinese really like the number better? While American don’t? I think China adopted the number system because they learned that from Hongkong. But why did Hongkong Stock Exchange use the numbers at the first place?
I found a tip if you want to look for ticker when you can not type in Chinese. Using Yahoo Finance (Chinese version), try the first letters of the Chinese names, i.e, type “zgyh”, which stands for Zhong Guo Yin Hang, Bank of China. It will leads you to the BOC stock page. Sweet, huh?
One news caught me attention this morning. I read about a “Haigui” tourist got beaten in Sanya when travelling there with his family. And they were treated very badly even at local police station. The news is spread in several well known overseas Chinese web sites. Obviously things have turned around, now the vice Mayor of Sanya issued appology.