alivinlee

PetroChina: Proof the Chinese Bubble is About to Burst?

I don't know why everybody can use this 1 Trillion figure and write a story without looking a little deeper. Shanghai's 4 Billion shares issued is only 2.18% of outstanding shares. The bigger bulk of shares are listed in Hong Kong and NYSE ADR, and the China Government. With HK and ADR shares at 16, and 212 price carrying the bulk of the weighted listing below 400 Billion. Still below Exxon's 488 Billion.