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Another Perspective on the Chinese Stock Bubble |
HenryTo
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Joined: 06 Aug 2004
Posts: 11707
Location: Los Angeles, California
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 Posted: Tue Jan 30, 2007 10:42 pm Post subject: Another Perspective on the Chinese Stock Bubble |
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Quote: "Trading volumes in Shanghai have soared since the beginning of the year, with turnover in the first two weeks at 1.2 trillion yuan (US$154 billion) compared with six trillion yuan for all of 2006 ($772 billion), said the statement, posted on exchange's website."
http://money.canoe.ca/News/Sectors/BanksFinance/2007/01/30/3482644-ap.html |
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rffrydr
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Joined: 30 Oct 2005
Posts: 16909
Location: Sunny California
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| Posted: Wed Jan 31, 2007 11:33 am Post subject: |
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Class "B" shares trading off their primary relations up to 30% on the same asset. There are rumours of rumours to merge the two as many "B" only listings have trouble with financing. Chinese instituions are prohibited from buying "B" and certain "privileged" western institutions are allowed to buy "A's." So much for effecient market theory.
Wonder whether the liberalizing of foreign exchange possession (still a crime) will draw more money out--or, fill out the "B"s from out to in?
The picture was definitely ugly today and drawing SP back today.
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