Stock & Investment

Shanghai Stock Market

The Shanghai Stock Exchange (SEE) (Pinyin: Shanghai Zhengquan Jiaoyisuo), located in the city of Shanghai with its headquarter at Shanghai’s new Pudongfinancial district, is the fifth largest in the world after the New York Stock Exchange, Tokyo Stock Exchange, London Stock Exchange, and Hong Kong Stock Exchange.  It was founded in 1891 as Shanghai Sharebrokers’ Association and renamed in 1904 as Shanghai Stock Exchange.  After a number of historical interruptions, the present exchange was re-established in 1990.  For rules and regulations, and details about the Shanghai Stock Exchange, go to www.sse.com.cn.

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Shanghai stock market opens to foreign firms

After almost two-year bull market, the benchmark Shanghai Composite Index, which tracks both A and B shares, recorded a dismal performance since October 2007.  In 2008, The Shanghai Stock Exchange (SSE) suffered an annual loss of over 60%, plunging from 4380 points to 1820 points and being the worst performing market in Asia.  SSE Governor Geng Liang and President Zhang Yujun attended SSE’s sixth annual Press Symposium early April, and Geng

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Paper Money vs. Hard Assets - Should You Have Owned Buffalos Instead?

The limit prices for purchasing 5 stocks were set almost a month ago ranging from 15% to 50% down, which seemed almost impossible to reach at the time.  It shows the level of my willingness to buy these stocks at that time, but today, I am not so sure if I am willing to buy them with the set prices.  When I finally had a chance to open up my brokerage account, it was too late.  It was almost scary to see what has happened. 3 out of 5 stocks on my buying list automatically went from “open” to “complete”.   Should I hold off or drop price on the 2 left?  I immediately thought.  My confidence level in investing in these stocks has dropped since, but why?  I am mostly a long term investor, and these are mainly solid companies with a solid balance sheet.   The companies on my wish list are what I always want to buy - the more, the better, and I have just been waiting for the right moment like a ferocious tiger.  On a day like today, my hunger is somewhat replaced by fear.

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