huangthomas

Brazil Now the Largest Emerging Market

Free float? To whom? Non-Chinese citizen still have very limited access to A-shares market, except for very limited QFII. I still don't believe there is an intelligent way of sorting this thing out. Most of our investment in China is still confined to H-share or red chip shares in Hong Kong or N-(New York)shares in the US. Most American don't invest in A-share market, where is that bubbly P/E of 50-75 came from? Most H- and N- shares have P/E of 15-20. Please be honest!