Speculators in China lick their wounds
Article Abstract:
In 1993, more than half the new capital raised on the Hong Kong stock exchange was invested in the stocks of Chinese state concerns, known as 'H' shares. Many investors were attracted by the opportunity to acquire an interest in mainland Chinese concerns which had until then been closed to the outside world. However, China-related stocks have now become much less popular, with price earning ratios falling to extremely low levels. Foreign investors have become much more realistic about the earnings potential from Chinese concerns.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
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Bonds shutdown lets bulls loose
Article Abstract:
The recent announcement by authorities in China that all trading in the rapidly expanding bond futures market had been suspended led to a strong rise in the Shanghai market for 'A' shares, which are reserved for domestic investors, with similar rises in Shenzen. 'A' shares have now reached extremely high levels, while demand for 'B' shares, which are open to foreign investors, is expanding less rapidly. These developments reflect the continued uncertainties associated with investing in Chinese equities.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
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China cautious as it considers life after Deng
Article Abstract:
China's Ninth Five-Year Plan, which has been released recently, is more cautious in its approach than earlier plans. It contains no signs of definite reforms of financial markets, such as permitting foreign investment in the largest growth industries, and focuses only on general issues. One of the most important of these is the promise to accord 'national treatment' to foreign companies.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
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