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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: hui zhou who wrote (5822)	4/16/2006 8:48:43 PM
From: RealMuLan	Respond to of 6370

Here is a Chinese article talking about SOX (404) Regulation is going to be applied to Chinese companies listed in the US stock market from July 15, and the high cost of it. Some companies may eventually choose to withdraw from the US stock market. news.hexun.com

To: hui zhou who wrote (5822)	4/17/2006 12:36:28 AM
From: RealMuLan	Respond to of 6370

From May 1st, individual Chinese can buy up to $20k worth of stocks listed on Foreign stock market each year. Bad timing, I think, many of them may end up bag holders<ng>. On the other hand, I think many of them may only buy China play, so these stocks may have more up side. finance.sina.com.cn

To: hui zhou who wrote (5822)	4/18/2006 12:16:47 AM
From: RealMuLan	Respond to of 6370

One guy posted in the following site said that just in Oct. 2005, one of his friend bought 10k shares of BBC for 35,000 Yuan (while BBC sold for $6-7/share in the US at that time). This is >27% of discount! topbsd.com.cn And the funny thing is that all this has been done under BBC's own endorsement. I simply cannot understand how can a company which already publicly IPO'ed in the US still can sell unlimited number of unregistered shares of the same company in China's 1.5 level market at deep discount. This is downright cheating! BBC and Wang Qiong must think they can get away without ever paying back all those BBC shares sold in China. Yes, BBC was arguing that the company offered in the US is the Shell company of the one in China, and they are two different companies. But the matter of the fact is that the underlying property is exactly the same one! This is just one more example one has to be careful buying those private-owned Chinese companies (State-owned blue chip companies would never ever dare to do this!)