Archive for the ‘Stock Market’ Category

The Sky is Falling!

Monday, March 17th, 2008

Shanghai Composite Index: 3830 (against a high of 6,124) Blackstone: 15.78 (against an IPO of 31) The CEO of Blackstone received $350 million in compensation in 2007, because he is a hero of the new economy. BGSHARETHIS.addEntry({ title: "The Sky is Falling!", url: "http://www.cibmagazine.com.cn/theyuanalsorises/index.php/2008/03/17/the-sky-is-falling/" });

Some thoughts on the 2008 China Securities Conference

Monday, January 28th, 2008

So I was at the China Securities Conference last month, in the lovely Hongqiao suburb of Shanghai. It was the first time I had been to Shanghai and run across a large selection of dirty corner noodle shops (I find Shanghai annoyingly clean), and about 2 small brothels on every ...

Diversify your stock holdings . . . with duck

Friday, November 9th, 2007

Quanjude Peking Duck Restaurant to List in Shenzhen - EC SHARETHIS.addEntry({ title: "Diversify your stock holdings . . . with duck", url: "http://www.cibmagazine.com.cn/theyuanalsorises/index.php/2007/11/09/diversify-your-stock-holdings-with-duck/" });

Why aren’t people buying Blackstone?

Tuesday, November 6th, 2007

The simple answer is that there is a credit crunch in the US right now, but still given their success in China I have been wholly baffled at the inability of Blackstone to trade at any levels near their IPO price. As most people probably know, Blackstone opened trading back in ...

Apocalypse or Second Coming or Really Underwhelming Party?

Tuesday, October 30th, 2007

Beijing Olympic tickets went on sale at 9am today, both online and at the Bank of China. My friend Rachel says that at her local Bank of China branch, the person with the number-one place in line had been waiting since 5am. It's looking like my only chances of making ...

The Chinese stock market, or, good news for anyone who tends to be the subject of cocktail-party gossip

Friday, October 19th, 2007

Some quotable quotes from a Chinese friend of mine, Lu Bin, a 30-year-old graphic designer, about the Chinese stock market: It's just a fun thing people do. Because a lot of people, they don't have anything to do with their money. So they put it in stock market. Because they used ...

Index Doubles Again

Tuesday, October 16th, 2007

Before we could break out the champagne to toast the Shanghai Composite Index’s record high of 6,000 point yesterday, lo, it goes and breaks 6,100 point today! If the index keeps doubling every ten months…well, that’s a lot of champagne to uncork. Few would have predicted such precipitous leaps for Chinese stock ...