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To: Shack who wrote (123804)	9/8/2005 10:27:06 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

Shack-o, IMHO, FWIW, Shanghai is NOT an index you want to follow ......regardless of what it might look like technically...Fortunately, no way you can....anyway..LOL .Huge problem with shares of state-owned firms, with proposed solutions still questionable.........."Rescue Fund" just started operations today, as...if you're interested..... you can read here (under AH FA license)... news.xinhuanet.com

To: Shack who wrote (123804)	9/8/2005 10:46:18 PM
From: Henry J Costanzo	Respond to of 209892

FA......and Chinese, at that......g PS.....On the question of opening market to foreigners, Chinese just yesterday announced additional quotas..........increasing total to $10B.....compared to est total market value $400Bplus..couple of per cent..... BEIJING, Sept. 8 -- China has begun dishing out US$6 billion in quotas to foreign firms to invest in its stocks and debt, prising open more of the country's US$430 billion markets to overseas companies and triggering a mild rally Wednesday. New quotas, to be handed out to institutions approved to invest under the landmark qualified foreign institutional investors (QFII) program, would more than double to US$10 billion from a previous allocation of US$4 billion exhausted in April.