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China Stocks

Bought Some Shares in Shanghai

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Finanlly I bought some A Shares in Shanghai Stock Exchange this afternoon. This is more than 10 years after my last purchase 🙂

I realized Chinese domestic stock market is still not widely open to foreign investors. There is a thing called QFII, stands for qualified foreign instiutional investors. Here is a good explaination for QFII from Havest Fund. I believe Morgan Stanley and others have QFII funds. There are also many mutual funds investing in Hongkong and asia pacific. You can ask them if you are interested. As an alternative, investors can look at Chinese ADRs traded in NYSE, Nasdaq, and H Shares in Hongkong Stock Exchanges. Personally I don’t think domestic market is mature enough for average joe in the UK, US, etc.  

Categories
China Stocks

Shanghai Market is Still Hot

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This is from what I feel after spending 36 hours Shanghai. I read quite a few newspaper, magazine, and watch the “finance” section on the TV (first Caijing etc.), as part of research for Xinhua Finance Media IPO, stock market is a very hot topic in all those places. The scary part is, in one program this analyst promoted how easy it is to make money using options (as Quan Zheng in Chinese).

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China

What Happened to Chinese Market?

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Today, Feb 27 Tuesday, the Chinese Stock Market got a huge sell off. You can see some rationale from this Seekingalpha article. This sell off also spread to the US market, not surprisingly some of the Chinese ADRs such as HMIN and MR also dropped 10%. Is it the beginning of a bear market? Or merely a correction? I don’t know. Predicating market trend is very difficult, and it’s not my job. One thing I do know is: investing in solid companies and grow with the company.

I will visit Shanghai in couple days, more first hand analysis of Chinese market will follow.