LJ

Only in China: PetroChina Shanghai Listing Adds $30 Billion Market Cap

This speculation appears to be triggered outside China rather than inside China. Those who ramped up the share price in the pre-market should be blamed.

The company is state-owned, but the mainland investors could not buy the stock at lower valuation. Should this stock be listed in China in the first place, the mainland investors wouldn't end up in such a disadvantaged position.

Anatomy of a Chinese Bubble: A Checklist For Spotting Bubble Tops

This won't be another dot-com bubble. If my interpretation is right, China's economy is still in the right side of the Phillips curve. The inflation in China too low. There is no sign of over-heating economy at all. If there is any bubble to be burst, this must be "face bubble", or "policy bubble".