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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (20339)	12/26/2004 10:57:49 PM
From: Steve168	Read Replies (1) of 78594

Spek, Chinese stocks usually go down at year end due to government's annual check of loans - some money participated in the market during the year need to be returned to the bank so it won't show-up on the book at year end. Stocks tend to rally in the first couple months of the year. That said Chinese stocks are very speculative. Insider trading and price munipulation (with their closely tied friends/funds) is common practice. They would buy quietly before they announce a planned good news, and sell on the news. Same on the other side. They control when to release a good or bad news and front-run other investors. Generally speaking the B shares (in US dollars) are cheaper than the A shares (in RMB yuan) of the same company. Several years ago there was a more than 50% difference, the gap was filled in one spring, and start to get larger ago. I don't know a good fund to participate, will do some research and see if I can find anything.

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