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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2196)	10/6/2007 10:25:08 AM
From: peter michaelson	Read Replies (1) \| Respond to of 12464

"Majority of buyers of these China plays ARE Chinese from the Mainland, who opened trading account in the US. " Hi RealMuLan - the above is a very important point in regards to my own trading of these stocks. Can you point to any additional evidence or verification of this fact - I would like to research this subject. Thank you. P.S. So far I found this one thing - NEW YORK, New York -- October 16, 2006 -- CITIC Ka Wah Bank ("CKWB"), a local bank in Hong Kong, announced today that it is now offering its customers the ability to trade securities on U.S. Markets via the Internet. Partnering with Marketware International ("MWI") and ADP Clearing & Outsourcing Services, Inc. ("ADP Clearing"), this offering represents one of several initiatives by CKWB to become the PRC bank of choice through maximizing the latest technologies available to the marketplace. I suppose many PRC people can get access to HK financial institutions, but I don't know. And I see etrade has a Chinese language interface: content.etrade.com

To: RealMuLan who wrote (2196)	10/6/2007 10:39:52 AM
From: peter michaelson	Read Replies (1) \| Respond to of 12464

This article seems to explain the situation. yaleglobal.yale.edu "The Chinese bank’s adjustment of six foreign-exchange policies makes transmitting money out of China easier, with most opening some capital account flows. The adjustment allows every Chinese citizen to buy up to $20,000 in foreign exchange per year, which can be directed to foreign investments through qualified institutions. " By the way, I'm not sure the Ameritrade account number evidence is significant. Several years ago I received the account number that looks like "michae5666"