CHXX: EGShares China Infrastructure ETF Instablogs

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Thursday, May 31, 2012, 1:25 AM Chinese stocks will keep rising, with the benchmark Shanghai Composite Index poised to add 15% by year-end as slowing inflation gives the government room to loosen monetary policy and allows for bank lending to pick up, according to Beijing Gao Hua Securities Co, Goldman Sachs' China partner. 3 Comments [Global & FX, Quick Ideas]
Wednesday, March 28, 2012, 8:01 AM Profit estimates for Chinese firms remain "far too optimistic," says SocGen, seizing on the report that Y/Y industrial profits shrank in the year's first 2 months. Among the losers in Shanghai's 2.7% plunge last night: Alum. Corp. of China (ACH) -5.8% and Jiangxi Copper JIXAY.PK) -5.5%. FXI -0.3% premarket. Comment! [Global & FX]
Thursday, November 17, 2011, 1:25 PM Minyanville sees the case of Heineken's (HINKY.PK) foray into China as a cautionary tale for firms thinking about betting big in the nation. The brewer entered the beer market 1988 by buying into the dominant player. Trouble is: Chinese consumers don't like bitter beer, so Heineken's market share fell flat. Could the same consumer peaking process happen to MCD, KO, Pizza Hut/KFC, and other U.S. firms as they pour investments into expansion in China? 3 Comments [Quick Ideas]
Sunday, October 9, 2011, 9:27 PM "The world revolves around money, and it makes its own rules," says the CEO of China's Noah Holdings (NOAH). The company is a seller of wealth-management products, including trusts, which are exploding across the country as capital seeks better returns and businesses in need of credit seem willing to pay anything. The action reminds one professor of the conditions that led to the 1907 panic in the states. A great read about what sounds like a house of cards. 2 Comments [Global & FX, Financials]
Tuesday, October 4, 2011, 11:53 AM Standard Chartered's Stephen Green brushes off concerns of a hard-landing in China, saying authorities have plenty of room to ease policy. Green disagrees with the China-is-overbuilt meme, saying infrastructure projects are still necessary across the country. "China today is Japan circa 1970, not 1989." 1 Comment [Global & FX]
Monday, October 3, 2011, 5:33 PM Signs of the crackup of an epic credit bubble are everywhere in China, reports Patrick Chovanec. From the runaway bosses of Wenzhou to the boom and bust of a small fishing village to a baby formula maker borrowing to get into the metals and infrastructure business, it may not be a crisis, but "something is happening. People... are right to be nervous." Comment! [Global & FX]
Tuesday, September 20, 2011, 3:41 PM "This is happening now," says Jim Chanos of the property collapse in China. He relates a story from the chairman of Komatsu (KMTUY.PK), who says he is having trouble getting paid for machinery sales there. With the focus on Europe, the story people are missing is the reversal in the world growth machine. 5 Comments [Global & FX]
Thursday, June 2, 2011, 12:27 PM "We're going to see some major recapitalization (of the banking system) coming at some point," says Fraser Howie, who predicts more financial shenanigans as China seeks to overlay a new wave of real estate-related credit on top of the existing one. Authorities hope to build 36M low-cost homes by 2015. 1 Comment [Global & FX, Financials, Commodities]
Monday, May 30, 2011, 2:46 PM Shanghai's attempt to snap a seven-day slump fails at the last minute. While some economists aren't worried about the recent Beijing-induced drop in growth, others worry deeply entrenched inflation will force China to keep its foot on the brakes for a long time. Comment! [Global & FX]
Friday, April 29, 2011, 4:30 AM Rather than deciding on whether to bet on China or take a punt with India, smart investors should seek exposure to both: "Picking one and leaving out the other would be a high-risk strategy," one strategist says. The good news: Both of the world's most populous countries can point to powerful population trends that bode well for continued strong growth. 3 Comments [Global & FX, Quick Ideas]
Monday, April 4, 2011, 10:31 AM China might be slowing more than people realize, Michael Pettis says. In Q4 the PBoC said it believed the global economic recovery would continue and that stabilizing prices was its top priority. But at a conference this week, the PBoC questioned the stability of the global recovery, and shifted its focus to "managing liquidity efficiently." Comment! [Global & FX]
Thursday, February 10, 2011, 1:22 PM China's building boom moves inland as government measures to limit property-price appreciation hit Beijing and financial hub Shanghai hard. Land investment in less affluent cities climbed 35.4% last year, and Andy Xie calls the market "a huge bubble" and expects China may raise rates four more times this year. (previously: rate hike, Shanghai condo prices) Comment! [Global & FX]
Friday, January 28, 2011, 11:04 AM China's world-leading 12% failure rate of announced cross-border deals withdrawn, rejected, or allowed to expire, compared to just 2% in the U.S. and 1% in the UK, doesn't bode well for its bid to shape the world economy. 1 Comment [Global & FX]
Thursday, January 20, 2011, 2:17 PM Société Générale sees overheating in China reaching "peak frenzy" in mid-2011, followed by a sudden reversal which could see bank shares fall 50-75% and copper halved. True inflation - measured without the benefit of price controls and rejiggering - is closer to 8%. Comment! [Global & FX]
Thursday, January 20, 2011, 9:47 AM Some strategists start looking past the headlines in China to a point where the tightening cycle is over. "This is the time to start building positions," says Aadil Ibrahim of Bowen Capital, who sees a "major rally" after inflation peaks later this year. Comment! [Global & FX]
Tuesday, January 18, 2011, 8:49 AM With Shanghai down 19% in a year, Goldman Sachs throws in the towel, saying "we have tactically reduced our weight." Worried about imbalances in India as well, GS is recommending rotating out of the BRICs and into Western markets, where monetary policy remains in a sweet spot. 1 Comment [Global & FX]

CHXX EGShares China Infrastructure ETF

CHXX

EGShares China Infrastructure ETF