To: E.J. Neitz Jr who wrote (47399 ) 3/31/2003 3:26:44 PM From: hui zhou Read Replies (1) | Respond to of 53068 Ed, though I agree that HK market is performing poorly. But, if you look at the chart, you can see it still outperform British and American Index by a slim margin since China tookover. The bright sight is HSCE index which is significant outperform the others. HSCE index is the index for mainland Chinese companies traded in HK. finance.yahoo.com That may help to explain why the "china fund" which is not heavily invest in mainland stock to avoid the "risk" performs just like Hang Sheng and is a disappointment. >China, being a communist nation has a history of human rights violations.< Yes, like the history of many nations, that was happen before. But it can be transform to a better one. >Because of that I would never rule out future government policies that could result in confiscation of property that would destroy any shareholder value in rapid order.< It may happen to few corrupt officer. But, I don't see the harm way to the common shareholder. You may check CBA. Since the CEO was ousted and some asset was striped from the end of last year, the share price is double. finance.yahoo.com >Also, there is no SEC oversight on those companies or much in the way of credit rating coverage< Companies like HRC, KM and FLM and many more are under SEC oversight, but how do you explain that those share value disappear overnight and so fast? With due respect, I am sleeping a lot more sound with those ADRs. >The financial reporting requirements are such that I find it difficult to determine intrinsic value< If you can count on those 4-7% dividend pay out, I think this company is for real in term of cash. It is not just the growth potential it is the actual real number not a scam.