Reading Time: < 1 minute After I read its prospectus, I decide not to pursue its open IPO. Another reason is I just bought some HMIN and MR: I want to limit the number of stocks I hold. IB is a great business. I heard its name first from a friend who recommend it for its low cost and high speed in

Reading Time: < 1 minute Symbol  Name     Price (Apr 26)   Earning (2006) 600000 浦发银行 28.28              0.77 600015 华夏银行 13.29            0.35 600016 MingShen 13.27        0.38 600036 CMB      20.04           0.48

Reading Time: < 1 minute Like Baidu, if you look at 601998 (its ticker symbol) at Sina Finance. For english readers, read Bloomberg news here. BTW, 1998 is a good number in Chinese. Citic Bank (中信银行) IPO was priced at 5.80 Yuan, and people expected it to open between 7 and 8, based on PE and PB (price book) ratio of other Chinese banks. But it went up as high as 12 this

Reading Time: < 1 minute I read a paper lately and found people in big cities like Shanghai spend a fortune in wedding (about same amount as people in developed countries). Here are some examples: limos and wedding dresses. I took these pictures last month.  

Reading Time: < 1 minute (Update Apr 26 morning) Shortly after this report, Wan Jia Wan Hao (Xin Yu Star) stock (600576) gained 5%, the maximum percentage it can go as this is a “ST” stock. What can I say about this crazy market?  Dong Fang Securities, a Chinese brokerage firm, did a report about the new trend of Chinese consumers.

Reading Time: < 1 minute I’m not picking on the China Construction Bank, this is a problem existing in all the banks. I can think of two reasons: 1) People are “managing their money” nowadays, e.g., people are withdrawing money from bank and put into the stock market; people are doing the certificate of deposit…

Reading Time: < 1 minute I bought some Home Inns (HMIN) again yesterday. Not surprisingly the stock dropped after I bought it, as things usually happen that way. But my time frame is from couple months to couple years, so I am not worried. The recent weakness of the stock is expected due to the new offerings and lock up expiration.

Reading Time: < 1 minute I’m not talking about the credit card use (I’ve talked a bit in my previous posts).  It appears to me Chinese are using more and more plastic bags for packaging: from the morning “Bao Zi” to “Ma La Tang” (Chong Qing hot pot) on the street.

Reading Time: < 1 minute It’s show time. All the major car makers including domestic players such as Chery and Geely (remind me of Heelys), are putting up a big show in Shanghai new international expo center (is that the venue for 2010 World Expo, just be curious) this week.

Reading Time: < 1 minute Occasionally I received spam text messages from unknown people. People want to sell cars, apartments, etc. But yesterday I got a message from Home Inns (Rujia), it promotes the post “Golden week”(May 1 to 7) sales: it will give one night free during May 6 to 10 if I stay in their hotels for 3 nights. I can not