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goofymonkey
Newbie
Joined: Sep 05, 2005
Posts: 5
Status: Offline
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  Posted:
Sep 05, 2005 - 03:33 PM |
 
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| Post subject: Stock Market in China |
Hi, I am interested in learning about Chinese stocks. More specifically, I would like to know how to research companies, make investments and build a portfolio. Does anyone have experience in investing directly in mainland stocks?
Cheers,
Goofymonkey |
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dfoo
Post Roaster
Joined: Jan 19, 2005
Posts: 4140
Status: Offline
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Sep 05, 2005 - 03:51 PM |
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Sounds like a good way to lose money to me. Is there any financial regulation worth talking about here? |
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goofymonkey
Newbie
Joined: Sep 05, 2005
Posts: 5
Status: Offline
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Sep 05, 2005 - 04:06 PM |
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I am not concerned about other ppl's opinions regarding the stock market. I am only trying to find out HOW TO. Please only reply if you know HOW or know someone who knows HOW.
Cheers. |
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Andreas
Board Royalty
Joined: Feb 27, 2004
Posts: 6774
Location: 31 N 121 E
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Sep 05, 2005 - 04:27 PM |
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The biggest problem in researching companies in China is the intransparancy of the financial reporting. Even government sources like China daily mention that about 90% of the companies here cook their books. There is however a way to invest in Chinese companies through the Hong Kong traded H-shares or 'red chips'. The companies listed there have to fulfill much stricter requirements in order to qualify for listing. There is a big choice of brokers in Hong Kong. Personally I like the online trading facilities of boom.com |
_________________
http://strandedmariner.com |
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Henry_Chinaski
Board Lord
Joined: Aug 16, 2003
Posts: 5025
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Sep 05, 2005 - 04:30 PM |
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Same. Boom.com is the way to do it without needing to run too much risks related to transparency (or lack of). |
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goofymonkey
Newbie
Joined: Sep 05, 2005
Posts: 5
Status: Offline
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Sep 05, 2005 - 04:35 PM |
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Thank you...it looks good already. |
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dfoo
Post Roaster
Joined: Jan 19, 2005
Posts: 4140
Status: Offline
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Sep 05, 2005 - 04:36 PM |
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Is it legal for foreigners even to buy stocks directly in the Chinese exchanges? I thought I read somewhere that its not strictly legal to do so. |
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GoPlayer
Talker
Joined: Aug 04, 2005
Posts: 116
Status: Offline
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Sep 05, 2005 - 04:46 PM |
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You can also buy mainland stocks on the NYSE or the NASDAQ. Of course it is limited to big companies. You can find telecom, oil, automotive, airlines, etc. Some information here:
http://chinastockblog.com/ |
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Andreas
Board Royalty
Joined: Feb 27, 2004
Posts: 6774
Location: 31 N 121 E
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| Posted:
Sep 05, 2005 - 04:50 PM |
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| dfoo wrote: |
| Is it legal for foreigners even to buy stocks directly in the Chinese exchanges? I thought I read somewhere that its not strictly legal to do so. |
The A-share markets in Shanghai and Shenzhen are officially still restricted. The B-share market is open for foreign direct investment since something like 4 years if I remember right. |
_________________
http://strandedmariner.com |
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jhchan
Lurker
Joined: Aug 10, 2005
Posts: 24
Status: Offline
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Sep 05, 2005 - 05:19 PM |
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All the big companies are listed in Hong Kong. I have a brokerage account at Heng Seng Bank which allows me to trade online. It also provides market news and data. The problem is you need a HK address to open an account. I think Hong Kong market is more liquid and less costly than NYSE. |
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