rlirph

64 Comments

    • Chinese Government Gives China Mobile Revenues to China Telecom [view article]
      I do not know any reason why CHL shareholders should complain. The only reason that China Mobile is growing so fast is because the government allows it. What the father gives the father takes it away.
      I would still invest in CHL because every one knows the government actions in the past have benefited the company greatly. Remember several years ago they exchange the senior management of China Mobile with China Unicom? Many actions like this are politically motivated to appease other factions in the government.       Oct 06 01:58 AM
    • Being the Change: Baidu Report Raises Important Ethical Questions [view article]
      To Lived In China - It is sad to read your comments. You may want to imply that you have lived in China but your comments reflect how little you know about China. China does have a intellectual piracy problem but I am not aware that if you own the company for four years the government will confiscate it. Please get some education! Sep 22 11:48 AM
    • Quite a Reversal - China Central Bank Cuts Interest Rates [view article]
      Governments are not to be trusted, whether they are Chinese or Americans. Do you really believe that we have an economic expansion of 3.3% last quarter? Or do you believe that our actual cost of living went up 0.1% last month? Or do you believe the core CPI after stripping out energy and housing costs? I think there are naive suckers every where. Sep 16 12:10 PM
    • Shanghai Should Continue to Sell Off [view article]
      To those who can access Chinese newspaper the decline in Shanghai stock market is not surprising. You just have to understand a little bit about how the market comes about.

      Maany years ago all companies are government owned (state owned enterprises, SOE). After all it is a communist country. A company will have shares, owned by different government agencies. The shares were not tradeable.

      In 1979 the government started to reform the economy to a more market approach economy. Some companies were allowed to convert some of their shares to be freely tradeable, while a bulk of them were
      still not freely tradeable.

      Four years ago the government instituted a number of measures to make all the shares tradeable. They set a time table to make all shares tradeable in three years. This is similar to the lock up periods of the IPOs. Unfortunately the amount of restricted shares is more than the entire market capitalization of both the Shanghai and Shenzhen market.
      At this rate it will be 2010 before all the restricted shares become fully tradeable.





      Sep 14 03:08 AM
    • Shanghai Should Continue to Sell Off [view article]
      With a US$1.8 trillion foreign reserves the country can afford to pay for their mistakes along the way. Sep 12 10:51 AM
    • An Often Unmentioned Factor About Chinese Stocks [view article]
      This article has several pieces of incorrect information:

      One cannot use Yahoo Finance PE ratio to determine the market premium between the A shares in mainland China and H shares in Hong Kong. The reason is that data from Yahoo Finance is not always accurate!

      For example China Life yesterday closed at RMB$24.02 in China and
      at HK$29.50 in Hong Kong. After adjusting for currency China Life is only trading at 92.3% in China vs in Hong Kong.

      For example PetroChina yesterday closed at RMB$11.36 in China versus HK$9.65 in Hong Kong. After adjusting difference in currency the premium of PetroChina is 34.3% in China, not 78% as the author claimed.

      Yesterday the Hang Seng AH premium index stood at 106.49 which means the A shares as presented by the 50 stocks in the index is 6.5%
      more expensive than its H share siblings.

      Finally I like to point out that China Mobile is listed in Hong Kong and not in China which makes the comparison between its A share and H share valuation moot.

      You can review the datat Hong Kong Hang Seng Bank:

      www.hsi.com.cn/hsicn/e...



       Sep 09 03:14 AM
    • China's Hepatitis B Market to Double by 2012 [view article]
      Hepatitis B can be minimized through childhood immunization, better sanitary conditions and use of condoms. While no government would like this disease to continue a more sensible question is if the government can afford it. It is like many cancer patients in China just die without chemotherapy. Even with chemotherapy it is always the inexpensive ones which usually are the ones with less desirable outcomes.

      There are many many hepatitis patients in both Taiwan and Hong Kong for reasons mentioned above.       Sep 01 11:38 PM
    • China's Hepatitis B Market to Double by 2012 [view article]
      It is reported in cities like Shanghai or Guangzhou the hepatitis B patients accounts for more than 10% of population. The potential for this market is huge.

      However one must also consider the cost of these medications. In the US those pegylated interferons cost the pharmacy about US$900-$1200 per month. Even if the manufacturers are willing to take a mark down, may be to 25% of the US cost, it still represents a major expense for most Chinese households.

       Sep 01 09:29 AM
    • Apple's China Debacle: The Corporation as an Agent of Social Change [view article]
      I think Apple as a shareholder company owes its primary obligation to the shareholders, that is to maximize value in its share. Private enterprise is created to make money, not to make political statement or to create social changes. Aug 28 09:32 AM
    • China: What Comes After the Olympics? [view article]
      Did you notice very few people who write articles or comments here actually live in China? Michael Pettis, canbj88, and theoilyboy live in China. That is why many comments are far fetched and amusing... Aug 26 10:17 AM
    • Hedge Fund Manager's Notebook: Time to Buy Chinese Stocks, & Lehman's True Value [view article]
      Today the Shanghai market lost another 2.6% today. The market has lost 15.3% in August and 55.3% in 2008. China won the gold medal in the Worst Performing Stock Market so far.... May be the market lost more than what we know since the government is known to falsify the age of Olympic atheletes. Aug 26 10:02 AM
    • Focus Media Rallies [view article]
      That sounds advertisement to me.... Aug 20 12:28 PM
    • Chinese Hegemonic Effect Overtakes U.S.? Not So Fast [view article]
      To put things into better perspective, at current economic expansion, China will overtake US in GDP by 2030. However, GDP per capita is still
      one fifth of that of US.       Aug 18 11:29 PM
    • Chinese Hegemonic Effect Overtakes U.S.? Not So Fast [view article]
      The country has been doomed for the past forty years due to poor leadership in our top government positions.

      We have problems such as the twin deficits, social security funding, and oil dependence for the past 40 years; yet our government leaders knowingly have not been doing anything about these problems. Worse yet we the voters have not held our elected officials accountable. We are letting our next generation pay for our mistakes...

       Aug 18 11:43 AM
    • China: Real Estate Loan Growth May Be Slowing [view article]
      In another six months the Chinese banks will be looking at the real estate loan problem. In Guangdong province as well as other parts of the country real estate prices have come down anywhere between 30%-60% since the peak in October, 2007.

      Most real estate loans in China for all practical purposes are the equivalent of the US 'no doc' loans. Information submitted with exception of bank accounts deposits are generally fraudulent. Last year banks were focusing on the 'points' of mortgages. Without those points banks could not be as profitable as they were.

      With declining real estate prices there were evidences that some borrowers have stopped making payments. With more real estate in foreclosure bank owned properties will enter the market which will further depress the housing value. It is a similar picture of what US is going through except it is about nine months behind.

      With high inflation rate, declining real estate value, I am not sure that I would put money in the stock market at this time.       Aug 18 10:54 AM
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