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China to Commence Trading on Shenzhen-Based Small Stock/Cap Exchange. A GEM of An Idea?
Tacky similes aside, the Growth Enterprises Market (GEM) supports private companies that have difficulty getting financing in the much like capitalism, but still very much Communist Chinese system of favoring state-run enterprises.
In it’s first day of operation on October 23, the new board will support an initial batch of just 28 companies, according to the Xinhua News Agency.
GEM will be run by the Shenzhen Stock Exchange, in Shenzhen, the southern financial center not too far from Hong Kong. The GEM is largely viewed as a crucial step in supporting private, smaller companies, critical for the growth of the rapidly growing, expanding economic classes in China.
This is an interesting arena, I’m curious as to how this board will perform and what it will do for the critical lower masses of Chinese businesses and traders.
For more information, check-out www.hkgem.com. Though the website looks a little casual- I think this is going to be a "gem" worth watching.
They call it the "Buyers Beware Market for Informed Investors" on the site... I don't know how caveat emptor translates, but I know what they're trying to put across.
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It'll rip 10% a day for the first 3 days at least. This is all over the news in China- every man and his dog is talking about it here. Average people I have spoken with about this listing say they think the new stocks are overpriced but they still want to get a piece. If I was able to buy A Shares I would try to get some prior to listing and sell on day 2. Of course, I have no idea what any of the 28 companies do, but as if that actually matters any more.
It's the new dot.communist bubble.
Interesting how China and the US are evolving towards the same Peter Principle controlled non-functioning system from different ends. $50.00 says they both implode together a la Thelma and Louise.
I wonder if there's an equivalent to Ayn Rand in China?
She was imprisioned and last heard from 18 months ago. The confession was, I'm told, quite a literary feast.
I don't see that happening, they own all of the US's former manufacturing equipment and can build themselves out of any economic trouble much as the US was able to do in the 30's.
The US? Well, what exactly does the US make any more?
"The US? Well, what exactly does the US make any more?"
Pardon me but we in the US are very good at making greenbacks and excuses. And not necessarily in that order.
No doubt we are a Ponzi. But who is the greater fool for buying into our Ponzi? Mutually Assured Destruction (MAD) at its finest.
http://en.wikipedia.org/wiki/Mutually_Assured_Destruction
I'm curious. I understand who the pseudonyms and photos of Tyler, Marla, and Cornelius are supposed to be.
Who is Travis? Who's the photo of?
I get who Tyler and Marla's pseudonyms and photos are supposed to be. Who is Travis and his picture supposed to be of?
Travis is one of the names used by Tyler in the various support groups.
Looks like Ari Gold from Entourage. Probably meaner if I know this group.
Thanks! What's the pic from?
(Sorry for the totally off-topic questions.)
Take a look at a profile of Jason Statham from "The Transporter". Statham with a few days of stubble in profile looks remarkably like the Travis icon.
http://www.imdb.com/title/tt0293662/
http://video.google.com/videoplay?docid=2894821400057137878&ei=SRDaSpbMB...
For the record: I'm not anti-semite by any means. This video is based entirely from a socio-political perspective. Whoever calls me anti-semite before (or actually even after) seen the video, you are either a moron, or you are part of the problem described in the video.
We know that Congressmen/senators are no more than puppets to the oligarchs. Doesn't this help understanding the problem?
You are an anti-semite
The next bubble-China dot.com. Get in while the gettin is good!
How do you say boiler room in Chinese?
maizhe zifu literally means buyer self-responsible. Good concept.
The relationship between China and the US is simple. We have croney capitalism (corporate run government) and they have croney communism (government run corporations). Melded together, they form fascism. The two system are in bed with one another in every way. Unfortunately one will feel raped by the end of this phoney relationship.
can you say A shares on steroids.
ideal vehicle for insider trading for those in the know..
The difference between China and the US is that in China everyone knows that the stock markets are rigged gambling machines, while in the US some people still try to pretend that they're not.
As a former regulator and investment banker in Hong Kong, I can report that the GEM board in Hong Kong was a massive success for issuers and a black hole for "investors". The GEM board in Shenzhen will be fraud writ large. A joke, my friends. Just make sure it is not on you.