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Strategies & Market Trends : Greater China Stocks -- Ignore unavailable to you. Want to Upgrade?

To: sridhar ramasami who wrote (1269)	11/5/2003 12:13:15 AM
From: Julius Wong	Read Replies (1) \| Respond to of 8334

Hello Sridhar: Welcome to the thread. >> Why is the Shanghai composite dropping while the ADRs appreciating? Is this because of currency depreciation? << I don't know the answer. >> What are some of the PE's of Chinese stocks? << You can get the PE from Bloomberg, bloomberg.com or from Yahoo, finance.yahoo.com We also have a thread on India stocks, Subject 54064 Regards, Julius

To: sridhar ramasami who wrote (1269)	11/11/2003 7:50:42 PM
From: BubbaFred	Respond to of 8334

Hello Sri - I was told there three types of China stocks traded in SSE - the A, B and H shares, plus the ADR's in US. The A shares is restricted only available to China's residents, not for outside China. I contacted a HK brokerage house because I was interested in 600690SS (Haier Group) and they told me it's the A shares and they cannot get it from HK. If it were a B share, they could buy it for me. Here is what Jay Chen told me about the A shares, and perhaps why SSE stocks are doing a bit poorly versus other China stocks traded in other exchanges. Shanghai A - viewed as, and in fact is ... (a) casino (b) manipulated by large/inside players (c) too expensive relative to B-shares, H-shares, and ADRs Hope that somewhat answers the question. Fred