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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: mr_blonde who wrote (2870)	2/17/2000 11:02:00 PM
From: Rolla Coasta	Respond to of 2951

some of the stocks in hongkong are listed in the U.S. I think it is better to buy those stocks in Nasdaq or NYSE, because you could lose some money in currency exchange. There is also a plan that more HK stocks will get listed in Nasdaq. yes, hongkong market is getting stronger, and the tech sector is on the ground floor. But...there's always a political factor, especially the "strait" issue. Maybe people use this to control the psychology among the weak hands. Hope this helps. -eH

To: mr_blonde who wrote (2870)	2/18/2000 11:36:00 AM
From: Richard Tsang	Read Replies (1) \| Respond to of 2951

The HK$ is basically pegged to the US$, @ about HK$7.73/1 US$. The exchange rate risk is very much minimized by this pegging. Lots of foreign money are already in the Hong Kong market. Money can still go in and out of Hong Kong without restriction, that also make the market there more volatile. Investing in a fund that specialize in Hongkong/China stocks will be a safer alternative to investing directly in the stocks there. Take a look at these funds that has exposure to China and Hongkong: GCH, TCH, JFC and CHN. They are closed end funds and are listed on the NYSE. Another way to buy Hongkong market is the EWH, which mirrors the Hang Seng blue chip index. Rich

To: mr_blonde who wrote (2870)	2/20/2000 4:00:00 PM
From: Ron Bower	Respond to of 2951

blonde, If interested in Hongkong stocks, you might take a look at DSWL. After a minor setback due to the Asian 'crisis', they are now back on track and growing. My largest holding. Also NTAI - I don't own. Ron

To: mr_blonde who wrote (2870)	3/23/2000 8:57:00 PM
From: ----------	Read Replies (1) \| Respond to of 2951

Hello Mr. Blonde: Pardon the delay in answering. I had some surgery & have been out of touch for about 6 weeks. Sounds like you received a correct answer. One of the reasons I personally started investing in Hong Kong is the fact the Hong Kong dollar is tied to the U.S. dollar. Since 1985 I've never seen the exchange rate vary by more than 1 U.S. penny, either way. The Hong Kong dollar stays around U.S. $0.125 I don't monitor it intraday, so it may vary more than one cent, but I've never noticed it. Awhile back, there was some talk in the HK publications about possibly un-linking the HK dollar from the U.S. dollar. I wrote a letter to the editor of the South China Morning Post, which they published. (I was honored, even if it was just the online edition.) My personal preference was in favor of breaking the link. My rationale was the HK economy had the potential to grow at a faster rate than the U.S. economy. Thus, the HK dollar would become stronger if not tied down by U.S. (and Alan Greenspan's) idea that 4% represented "maximum annual sustainable growth". Hong Kong is the funnel that feeds China's enormous appetite for goods & services. As China moves forward, HK moves forward. A company that is in an earlier stage of technological development than the U.S. certainly has the potential to sustain a higher annual growth rate, simply because they have more growing to do. That's the abriged version, but I'm sure you get the idea. Please understand I am in NO WAY implying HK investing is riskless. There is political risk, and all of the market risks associated with investing in any stock market. If anything the stock market risks are amplified in HK, because their market tends to be more volatile. Hope this helps. Regards, Doug