Ticker Symbol of Chinese Banks

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

The Long Waiting Line in Banks

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…

More about Chinese Banks

Reading Time: 2 minutes 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… Continue reading More about Chinese Banks

Investing in Chinese Banks

Reading Time: < 1 minute 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… Continue reading Investing in Chinese Banks