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Strategies & Market Trends : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: fred douglas liebling who wrote (829)	11/8/1997 12:52:00 PM
From: Tom	Read Replies (1) \| Respond to of 2951

Thank you Fred. I read a newsletter that came out yesterday saying in no uncertain terms that SEAsia markets will lead the world in share performance in 1998. Not that, as you know, we should begin hanging our hats on newsletters. Had a nice ring to it though. The stated support was logical. I'm going to have China Resources. I've been keen on it since the first calendar quarter. A very major player. Big, big endeavor w/ Cheung Kong and New World up in Jiangsu province, just across the Yellow Sea from S. Korea and Japan, near Shanghai. Also read where the PRC is making defined moves to increase not only the demand of domestic consumers, which will take some more doing, but that of a variety of foreign consumers. The U.S. aside. It's reported to be a major objective for those involved. The KLSE you say? Haven't been there in a while. I'll do it Sunday night. All for now.

To: fred douglas liebling who wrote (829)	11/8/1997 8:05:00 PM
From: Orhan Birol	Read Replies (2) \| Respond to of 2951

Where can I get a chart of the Hang Seng index. Thanks, Orhan

To: fred douglas liebling who wrote (829)	11/8/1997 8:18:00 PM
From: ----------	Read Replies (1) \| Respond to of 2951

Fred: You have me stumped. What is the KLSE stock exchange? Thanks in advance. Doug

To: fred douglas liebling who wrote (829)	11/9/1997 3:54:00 AM
From: Tom	Read Replies (1) \| Respond to of 2951

Fred: Regarding your #829... In light of the current market situation asset injections, by whatever means they choose, were halted. May have seen the same report you did, saying that expectations are for the deals to begin again in earnest -- soon. It is true, what you say. The better red chips move off quickly at any opportunity. Too many more false starts and they may tire. By the way, I do not believe I have ever seen so many opposing analyses on the East Asian markets as I have seen in the past two weeks. The one that genuinely puzzles me is a recommendation to begin buying the Nikkei 225.

To: fred douglas liebling who wrote (829)	11/9/1997 12:41:00 PM
From: gordon	Read Replies (1) \| Respond to of 2951

Fred, hold your red chips tight what I mean more than one year, you will get unexpected happy result. All the recently crazy actions in asia except in china are dued to the later reaction to the southeast asia market crisis, if we want to find out the reasons, we should point the our fingers to the china, China just appeared too competitive for these southeastasia nations on all over world market, especially they have very similar economic structures. Chinese threats have not had a great effects on the higher level countries like Taiwan, South Korean and Singpore, but we will see these threats in two or three years, watch out if you invested in these countries. There would be nothing wrong with HongKong economy if China keep strong growth. In the first ten months of this year, the chinese GDP had about 9% growth, a little bit slower than 9.5% growth of last year. The chinese curreny RenMingBi has been stood firm and risen against the US dollar during these asia currency crisis, China bank has some difficulties to hold RenMingBi at current level and prevent RenMingBI further rising due to their incressing huge trading surplus and continuing international investing money pouring into the chinese market, four days ago, RenMingBi rates broke through the upper resistant level (8.283:1, China bank did not want see this line broke through but they failed to pretect it) against US dollar and continued rising. The ShengZheng stock market has risen from in the middle of 3000's to 4600's in recent three months, the reason why you should keep your red chips is simply because China reduced their mortgage rates by average 2~3% one month ago, according my experience, we will see chinese economy overheating in 1 or 1.5 years again, you will not surprise to see chinese stock market will double or triple in two years, just like chinese stock market index incressed 5 times during 1994-1996. Happy Investing Gordon Shen