Categories
Fun

Why mess with Chinese ADRs ???

Reading Time: < 1 minute

According to cnanalyst: only two were up YTD: VisionChina (VISN) and NetEase (NTES, found by the fellow from my hometown Ningbo).

Here is the list of top 5 and bottom 5. The first percentage number is the percentage change of Year to date. Your truely managed to picked up SPRD from the bottom 5.

Rank Company (Stock Symbol) Year-to-Date Change 10/15/2008 End of 2007
1 VisionChina Media Inc (NASDAQ:VISN) 32.9% 11.30 8.50
2 NetEase.com, Inc. (ADR) (NASDAQ:NTES) 10.3% 20.91 18.96
3 Sohu.com Inc. (NASDAQ:SOHU) -9.3% 49.43 54.52
4 Asia Time Corporation (AMEX:TYM) -11.4% 3.10 3.50
5 eLong, Inc. (ADR) (NASDAQ:LONG) -12.8% 7.22 8.28
……
129 Spreadtrum Communications, Inc. (NASDAQ:SPRD) -87.8% 1.50 12.26
130 China Southern Airlines Limited (ADR) (NYSE:ZNH) -88.3% 7.63 65.46
131 HSW International, Inc. (NASDAQ:HSWI) -88.8% 0.70 6.23
132 LJ International, Inc. (NASDAQ:JADE) -90.6% 0.54 5.72
133 China GrenTech Corporation Limited (ADR) (NASDAQ:GRRF) -90.9% 0.80 8.84

Categories
China Stocks

Chinese Citizen Can Buy Oversea ADRs

Reading Time: < 1 minute

(Update) Here is a Chinese article explains more details. The minimum balance is RMB 300,000 to open an account inside China. Other restrictions apply.

(Original) I was wondering why the Chinese ADRs all rose today. Although I heard the China central bank is allowing domestic bank buy oversea stocks through QDII. This MarketWatch article connected the dots for me. I think this is a small way the goverment tries to divert some money from the red hot domestic stock market, especially the B shares market.