ZhongHuaRising: October 2007 Archives

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Oct31	Some Greater China Links For Your Pleasure: Elections, Gas Prices And Sex Ads Sung Hin Jason Chan October 31, 2007 Know More: All about China 2.0, All about China Here are some links after scouring the web: "Hong Kong District Council Election Debate Is A Cult Hit" -- Ever wondered how elections debates are conducted in Hong Kong? This is it. Better to watch than anything else on TV since the slanders so outrageous. [In Chinese] "Over the moon in China" -- Weighing the costs and benefits of China entering the Space Race. "The Great Chinese Depression" -- Much repeated rhetoric on the looming burst of the Chinese bubble. "Four most desirable cities to live in" -- If you want to live in China, choose Dalian, Huzhou, Chengdu or Wuhan. "China Raises Domestic Prices for Gasoline, Diesel, Jet Fuel" -- As oil output increases, China raises prices of fuels to cover costs at a time of surging crude oil futures. "A museum guaranteed to keep it cool" -- China's new museum of refrigeration is a first. "LDK Solar Serves Notice, Brings Top Firms to the Fight" -- A follow-up to my earlier post on LDK: the firm has had enough. It plans to enlist 2 top lawyer firms to protect its credibility. "Why Are Sex-Related Advertisements Running Amok in China?" -- Greater market for a steady source of income: 100 million Chinese men with erectile dysfunction problems, and advertisers profit from it. "Careers in media, tech and communications in China" -- Job seeking and networking in these areas? 100 yuan will get you in with a panel of company representatives including Google, WSJ, Edelman and WPP. Posted at 6:20 PM \| Permalink \| Comments
Oct31	A New China Business Model: Chinese Version Of Facebook Available In December Sung Hin Jason Chan October 31, 2007 It's been said that Facebook is on the path of overtaking Yahoo! as one of the Big 3 of internet (Google and Microsoft being the other two). And after Microsoft struck its $240 million deal with Facebook, we all became... Continue Reading Posted at 12:20 PM \| Permalink \| Comments
Oct30	Why Dalai Lama Is Meeting World Leaders And Stepping Up The Ante Sung Hin Jason Chan October 30, 2007 As you've probably heard, the US Congress awarded the Congressional Gold Medal to the Dalai Lama last month. That sparked an international crisis; "international" in the sense that America further infuriated China from the already fragile Sino-US ties since the onset of the Mattle incident.... Continue Reading Posted at 8:59 PM \| Permalink \| Comments
Oct29	High Time For Derivatives Market Development In China Sung Hin Jason Chan October 29, 2007 "It is high time unveiling the financial derivatives market."This is what Cheng Siwei, vice chairman of the Standing Committee of the National People's Congress, was quoted as saying on Saturday. He suggested the opening up of markets in stock index, interest... Continue Reading Posted at 5:23 PM \| Permalink \| Comments
Oct26	Baidu: Disappointment For Some, Not For Others Sung Hin Jason Chan October 26, 2007 If you haven't heard, China's largest and most popular internet search engine posted its third quarter earnings yesterday after the market closed in New York. Here are some figures: net income more than doubled to 181.7 million yuan, revenues also... Continue Reading Posted at 6:00 PM \| Permalink \| Comments
	China's Global Takover Strategy: ICBC To Buy Stake In South Africa Bank Sung Hin Jason Chan October 26, 2007 So after a string of Chinese international takeover bids since the CNOOC-Unocal incident back in 2005, financials in China hit high ground yesterday: the state-owned Industrial & Commercial Bank of China (HKG:1398) announced that it was purchasing a 20% stake in Standard... Continue Reading Posted at 2:53 PM \| Permalink \| Comments
	Chinese Amazon Joyo To Promote Chinese Harry Potter Sung Hin Jason Chan October 26, 2007 The Chinese version of the seventh and final installment of Harry Potter will go on sale in China on October 28th after 3 months of translation, says publisher People's Literature Publishing House. The first batch will have 1 million copies, the most amongst... Continue Reading Posted at 11:45 AM \| Permalink \| Comments
Oct25	Google's Strategy In China: Focus On Mobile Internet WiFi Sung Hin Jason Chan October 25, 2007 Google Inc. (NASDAQ:GOOG) has a problem. It only has 22.5% market share in China (compared to Baidu's 61.5%), but that's not what the company's concerned about today. It's more concerned about Google's overall strategy in China. From Reuters: "China has a large... Continue Reading Posted at 6:30 PM \| Permalink \| Comments
	American City To Ban Chinese Made Products Sung Hin Jason Chan October 25, 2007 Plam Bay, Florida, is trying their best to avoid Chinese products. The mayor of the self-proclaimed "blue collar" town issued an ordinance that bans all Chinese products, with the exception of those that costs less than $50, has no subsitutes, and... Continue Reading Posted at 3:47 PM \| Permalink \| Comments
	China's Economic Growth Slowing Down: 11.5% in Third Quarter Sung Hin Jason Chan October 25, 2007 China's growth is finally at a slow down after a continuous pattern of posting high growth rates one after another. Economic growth in the third quarter is at 11.5%, down from a record high of 11.9% in the second quarter.... Continue Reading Posted at 5:34 AM \| Permalink \| Comments
Oct24	LDK Solar: Stock Price Up Or Down? Sung Hin Jason Chan October 24, 2007 I was going to ignore this topic and talk more about PetroChina and Buffet's trip to China, but the increasing amount of chatter over LDK Solar Co., Ltd. (NYSE:LDK) prompted me to get on-board. I have to admit that I... Continue Reading Posted at 2:40 PM \| Permalink \| Comments
	Foreign Media Will Be Accessible In China Sung Hin Jason Chan October 24, 2007 After the Chinese blogging community hotly debated over the ban of Youtube last week (most possibly due to the 17th National Congress of the Communist Party) and the hijacking of Google/Yahoo!/MSN search (most likely due to China's retaliation on the award given... Continue Reading Posted at 12:54 PM \| Permalink \| Comments
Oct23	Best Performing Chinese Stocks In Transportation Sung Hin Jason Chan October 23, 2007 Bespoke Investment Group posted an interesting article on Seeking Alpha that listed the performance of Chinese ADRs (year-to-date price changes). I repeat: performance of Chinese ADRs, not performance of A Shares of H Shares. This is shows us how American... Continue Reading Posted at 6:51 PM \| Permalink \| Comments
	KFC Chooses Mengniu Over Nestle, Citic and Bear Back On Track Sung Hin Jason Chan October 23, 2007 Here's a follow-up to two of my previous posts. KFC selects Mengniu as its lead supplier of dairy products in China, replacing the decades-old dairy contract with Nestle. As I mentioned before, KFC's parent company, Yum! Brands, Inc. (NYSE:YUM), plans... Continue Reading Posted at 12:54 PM \| Permalink \| Comments
Oct22	Some Links With Your Coffee: IMF, Wu Yi, PetroChina, Jackie Chan, Alibaba Sung Hin Jason Chan October 22, 2007 Here are some links over the weekend and for Monday:"Paulson Urges IMF to Control 'Unsustainable' Spending"-- Paulson tells IMF to cut spending and monitor China's unfair trade advantage, if any, especially the value of the yuan. A year ago, the... Continue Reading Posted at 5:20 AM \| Permalink \| Comments
Oct19	China Citic Not Buying Bear Stearns Sung Hin Jason Chan October 19, 2007 On Tuesday (October 16th), Dow Jones Newswires spread a rumor about the overseas investment arm of the fastest rising Chinese bank, China Citic Bank Corp.: they might buy a stake in Bear Stearns (NYSE:BSC). This shouldn't come at a surprise,... Continue Reading Posted at 10:39 PM \| Permalink \| Comments
	PetroChina One Of The Largest Companies In The World By Market Capitalization Sung Hin Jason Chan October 19, 2007 As oil flies past $90 a barrel and energy producers are the biggest losers on S&P 500, it seems that its a pretty bad time for PetroChina to claim the title as the second largest company in the world (and... Continue Reading Posted at 3:53 PM \| Permalink \| Comments
	New Chinese IPOs: China Water, NetDragon, Giant Sung Hin Jason Chan October 19, 2007 In light of all the frenzy about Alibaba's IPO in Hong Kong, here are some perhaps lesser known companies that will be knocking on your door in the near future:NetDragon, Chinese online gaming operator:- Plans to raise $1.308 billion in... Continue Reading Posted at 6:32 AM \| Permalink \| Comments
Oct18	China's $23.9 Billion Trade Surplus Beat Estimates Sung Hin Jason Chan October 18, 2007 China's trade surplus rose to $23.9 billion in September, following a 56% gain from August. This amount beat the Bloomberg-surveyed median estimates at $21.6 billion. The trade surplus is up from $15.3 billion a year earlier. But Chinese stocks fell... Continue Reading Posted at 7:04 PM \| Permalink \| Comments
	Hu: "Democracy" 60 Times, "GDP Per Capita" 4 Times, "Conservation Culture" 1st Time Sung Hin Jason Chan October 18, 2007 The 17th Communist Party Congress began with a blast. President Hu Jintao, who delivered his keynote address on Monday, said that China will expand on people's democracy to prevent arbitrary decision making by an individual or a minority group of... Continue Reading Posted at 3:14 PM \| Permalink \| Comments
	China Studies Hong Kong Stocks, Plans Arbitrage; Hang Seng Hits 30,000 Sung Hin Jason Chan October 18, 2007 We all knew this was coming. It was just a matter of time before the Hang Seng Index (HSI) hits 30,000. Obviously I'm saying this as a person who's looking back at the 47% rally in HSI year to date, yet... Continue Reading Posted at 6:00 AM \| Permalink \| Comments
Oct17	American Firms in China: Making More Money Now Than Before Sung Hin Jason Chan October 17, 2007 A recent report mentioned that in 2006 more than 108 publicly traded companies in the U.S. are making 5% or more of their revenue from Chinese markets, the number is up 145% from 2001. Why is that? It's because even as... Continue Reading Posted at 12:00 PM \| Permalink \| Comments
Oct16	China Fights Pollution: Some Links On Pollution Tax And Census Sung Hin Jason Chan October 16, 2007 As a kind of closure to Blog Action Day, I thought I should put up some links on China's new environmentally-friendly image in its fight against global warming:"China Considers Environmental Tax on Polluters"-- a viable option, but have to discuss with... Continue Reading Posted at 1:01 PM \| Permalink \| Comments
	China To Increase QFII to $30 Billion Sung Hin Jason Chan October 16, 2007 So Bloomberg substantiated a claim that China will up its QFII quota to $30 billion from around $10 billion. QFII, the qualified foreign institutional investor program, is a state sanctioned scheme that allows overseas investment in Yuan-denominated equity and fixed... Continue Reading Posted at 11:40 AM \| Permalink \| Comments
Oct15	Blog Action Day: Save The Environment And Earth From Global Warming By Not Building Dams Sung Hin Jason Chan October 15, 2007 As you probably would (not) know, today is Blog Action Day. What this means is that some non-profit organization somewhere is giving me an opportunity, on this day, to lament about China's eco-unfriendliness. This time around, instead of talking about... Continue Reading Posted at 4:12 PM \| Permalink \| Comments
	Canton Fair Begins! China Import and Export Commodities Fair, Largest Trade Fair In China Sung Hin Jason Chan October 15, 2007 China's largest trade fair, the China Import and Export Commodities Fair (more commonly known as the Canton Fair) kicks off today in Guangzhou. The fair is expected to attract more than 15,000 domestic and foreign businesses, with more than 50... Continue Reading Posted at 12:52 PM \| Permalink \| Comments
	Some Headlines With Your Coffee: Higher China Bank Reserve Ratio, Toy Industry Quality Seminar, PetroChina Rises Without Buffett Sung Hin Jason Chan October 15, 2007 Here are some hot links from Sunday evening:"A workers' manifesto for China"-- attributes the lack of consumption (as a % of GDP) in China to a fall in labor income, as household savings rate has not increased. Read my next... Continue Reading Posted at 4:00 AM \| Permalink \| Comments
Oct12	Sinopec vs. CNOOC Continued: Valuations and Comparisons of China's Oil Producers Sung Hin Jason Chan October 12, 2007 In my last post I did a qualitative comparison between Sinopec and CNOOC, so I thought it's time to put my money where my mouth is, or rather, put my money on the numbers. Let's see whether a quick quantitative... Continue Reading Posted at 10:40 PM \| Permalink \| Comments
Oct11	First Gas Station In China: CNOOC Steps Into Refinery Project Sung Hin Jason Chan October 11, 2007 As Hong Kong and Shanghai indicies hit record high once again (when America was sound asleep) and crude oil less than a dollar away from its all time high at $83.90, it's time to reexamine the Chinese oil industry. This... Continue Reading Posted at 4:00 PM \| Permalink \| Comments
	Why China's Service Industry Is Different Sung Hin Jason Chan October 11, 2007 It's all in the smile.People compare the rise of the Chinese economy to that of Japan's (every other article I read now does that) and note China's embrace of market economy as a threat to that of America's. But if... Continue Reading Posted at 8:00 AM \| Permalink \| Comments
Oct10	Hong Kong To Tackle Poverty; China To Tackle Foreigners Sung Hin Jason Chan October 10, 2007 At rapid growth rates of 6% and 11% in Hong Kong and China, respectively, the (one country, two systems) governments are leaving some behind. Donald Tsang, the Chief Executive of Hong Kong, announced plans to invest some HK$200 billion in... Continue Reading Posted at 8:00 PM \| Permalink \| Comments
	The Richest Woman In China (Not Nina Wang) Sung Hin Jason Chan October 10, 2007 When Nina Wang, the infamous pigtailed businesswoman, died on April 4th, she still managed to claim the title of "the richest woman in Asia." Forbes valued her total assets at $4.2 billion. That title was all but lost a little over two weeks... Continue Reading Posted at 5:00 AM \| Permalink \| Comments
Oct 9	News Links: China In Leadership And Economic Trouble Sung Hin Jason Chan October 9, 2007 Here are some links I found over the weekend, both articles entailing the demise of China in the near future:"China’s Leaders Deadlocked Over Succession"- From the New York Times: basically a discussion on whether Hu would be able to find a... Continue Reading Posted at 12:00 PM \| Permalink \| Comments
Oct 8	Map Of China's Largest Cities: Map Of Shanghai, Beijing And Hong Kong Sung Hin Jason Chan October 8, 2007 Here's an interesting find from the cyberworld:Edushi.ComWhat is it? It's a website that provides 3-D maps of China's largest cities. 3-D meaning better than Google Maps. And it also provides better coverage in locations where one can't zoom in maximum using Google without... Continue Reading Posted at 2:00 PM \| Permalink \| Comments
Oct 5	Chinese People May Own More Rolex Watchs And Chanel Handbags Than You Think Sung Hin Jason Chan October 5, 2007 According to China Business Services Blog, a survey of some "411 affluent Chinese respondents," from some of mainland China's largest cities, claimed the following are well-known and prestigious brands:1. RolexThis ubiquitous watch brand is more often than not a knockoff in... Continue Reading Posted at 6:00 PM \| Permalink \| Comments
	Some Links: Baidu And China Mobile On The Rise Sung Hin Jason Chan October 5, 2007 Here are some interesting links/articles for you this morning:"Mobile phone users top 515 mln by August"- Previously I'd given out the figures for Hong Kong mobile phone users, so I thought I'd follow up with figures for China. Population of... Continue Reading Posted at 12:00 PM \| Permalink \| Comments
	50 Years after Sputnik: China A Leader In The New International Space Race Sung Hin Jason Chan October 5, 2007 It was 50 years today that the Russians revolutionized technology as we know it today. Global communication is something we take for granted today, but without the Sputnik satellite, we (meaning America and China) may not have fully appreciated the... Continue Reading Posted at 5:00 AM \| Permalink \| Comments
Oct 4	Top Chinese Journalism Award Won By...Faked Newspaper Page? Sung Hin Jason Chan October 4, 2007 This is funny. A revered photojournalism award was given out to Yangzhou Evening News (YEN) at the 17th Annual Chinese Journalism Awards. The award cited the main page of YEN on the October 16, 2006 issue, which was a colorful page... Continue Reading Posted at 12:00 PM \| Permalink \| Comments
	Verizon Wireless Introduces LG VX10000 Voyager Up Against The IPhone, But Where Did The Prada Phone Go? Sung Hin Jason Chan October 4, 2007 So the iPhone received real competition in America as of Wednesday, as the LG-Verizon newlyweds unveiled the new LG Voyager, challenging the once-solid relationship of the Apple-AT&T mature couple.Interesting, Verizon Communications Inc.'s (NYSE:VZ) choice of suitors was not at all... Continue Reading Posted at 5:00 AM \| Permalink \| Comments
	China Market On Decline? Hang Seng Index Plummets Down Sung Hin Jason Chan October 4, 2007 Invest in China, definitely, but with caution. Just like the Hang Seng Index (HSI) on Wednesday, I'm beginning to feel some sort of a reversal. Apparently it seems like the market is more eager to cash out for profits after the... Continue Reading Posted at 1:00 AM \| Permalink \| Comments
Oct 3	Quality Control, Rejection and Recalls: Mattel Toys, Soybeans Sung Hin Jason Chan October 3, 2007 Update: China rejected US-made sardines infected with disease. In the latest spat over "problematic" Chinese exports, Mattel, Inc. (NYSE:MAT) apologized for its lead-tainted, small-parts products, whereby China immediately seized on the opportunity to clear its name and reiterate that Chinese products, on average, are safe. Then... Continue Reading Posted at 1:00 PM \| Permalink \| Comments
	Direct Flight To China: American Airlines To Rival Against United Airlines Sung Hin Jason Chan October 3, 2007 What I hear is that American Airlines Inc. was awarded the right to launch a direct flight from its Chicago hub to Beijing. Service will commence in March 2009.Although American Airlines already serves more than 110 direct routes into Asia from Chicago... Continue Reading Posted at 11:07 AM \| Permalink \| Comments
	News Links: More Mobile Phone Users In Hong Kong; China's Trade With Africa Sung Hin Jason Chan October 3, 2007 Various headlines and interesting articles for today:"Hong Kong ends July with 9.7 million mobile users"- Let's see. Population of Hong Kong as of July 2007: 6,980,412. Number of mobile phone users as of July 2007: 9,700,000. Number of mobile phones... Continue Reading Posted at 8:36 AM \| Permalink \| Comments
Oct 2	Asian Market Frenzy: Hong Kong, Shanghai And Korea Hit New Stock Market High, Japan At 2-Month High Sung Hin Jason Chan October 2, 2007 Here's some optimistic news: in anticipation of yet another fed fund rate cut at the end of October, investors are pushing their money into Asian stocks. As the subprime credit crisis comes to a close, many believe that the American... Continue Reading Posted at 2:00 PM \| Permalink \| Comments
	New Hotels And Better Transport: Macao Catching Up With Hong Kong In Popularity Sung Hin Jason Chan October 2, 2007 I read something yesterday that I personally found preposterous. China Daily ran an article, of which I'll quote its first paragraph: "Macao is expected to catch up with Hong Kong in the near future in terms of mainland tourist traffic,... Continue Reading Posted at 12:00 PM \| Permalink \| Comments
Oct 1	Cheaper Beijing Subway Better Than A Car Reduction Plan? Sung Hin Jason Chan October 1, 2007 The Beijing municipal government thought it's finally about time to slash the 3-5 yuan price tag off the local subway system. After all, the Olympics is less than 52 weeks away and the smog that engulfs Beijing every day isn't going away.The... Continue Reading Posted at 6:00 PM \| Permalink \| Comments
	More on China Investment Corp.: The Temasek Analogy Sung Hin Jason Chan October 1, 2007 While some believe that China Investment Corp. (CIC) will invest in broad index or hedge funds, others think that CIC will invest in emerging markets commodities to strategically fulfill China's future needs. State officials said early this year that they will diversify investment holdings and... Continue Reading Posted at 5:00 PM \| Permalink \| Comments
	China Investment Corp.: China's $200 billion Forex Fund Sung Hin Jason Chan October 1, 2007 Over the weekend: China launched its $200 billion state-run investment fund, China Investment Corp. (CIC), to be managed by Gao Xiqing, a U.S.-trained lawyer. Around $67 billion will be used to acquire the assets of Central Huijin Investment, a holding company run... Continue Reading Posted at 3:00 PM \| Permalink \| Comments
	New Chinese Author, Old Chinese Blog Sung Hin Jason Chan October 1, 2007 Hello and welcome back to the all new ZhongHuaRising! My name is Sung Hin Jason Chan and I'll be providing you with daily coverage of Chinese business and finance from here on out. It's an honor to be writing for... Continue Reading Posted at 1:00 PM \| Permalink \| Comments

« July 2007 | Main | November 2007 »

Oct31	Some Greater China Links For Your Pleasure: Elections, Gas Prices And Sex Ads Sung Hin Jason Chan October 31, 2007 Know More: All about China 2.0, All about China Here are some links after scouring the web: "Hong Kong District Council Election Debate Is A Cult Hit" -- Ever wondered how elections debates are conducted in Hong Kong? This is it. Better to watch than anything else on TV since the slanders so outrageous. [In Chinese] "Over the moon in China" -- Weighing the costs and benefits of China entering the Space Race. "The Great Chinese Depression" -- Much repeated rhetoric on the looming burst of the Chinese bubble. "Four most desirable cities to live in" -- If you want to live in China, choose Dalian, Huzhou, Chengdu or Wuhan. "China Raises Domestic Prices for Gasoline, Diesel, Jet Fuel" -- As oil output increases, China raises prices of fuels to cover costs at a time of surging crude oil futures. "A museum guaranteed to keep it cool" -- China's new museum of refrigeration is a first. "LDK Solar Serves Notice, Brings Top Firms to the Fight" -- A follow-up to my earlier post on LDK: the firm has had enough. It plans to enlist 2 top lawyer firms to protect its credibility. "Why Are Sex-Related Advertisements Running Amok in China?" -- Greater market for a steady source of income: 100 million Chinese men with erectile dysfunction problems, and advertisers profit from it. "Careers in media, tech and communications in China" -- Job seeking and networking in these areas? 100 yuan will get you in with a panel of company representatives including Google, WSJ, Edelman and WPP. Posted at 6:20 PM \| Permalink \| Comments
Oct31	A New China Business Model: Chinese Version Of Facebook Available In December Sung Hin Jason Chan October 31, 2007 It's been said that Facebook is on the path of overtaking Yahoo! as one of the Big 3 of internet (Google and Microsoft being the other two). And after Microsoft struck its $240 million deal with Facebook, we all became... Continue Reading Posted at 12:20 PM \| Permalink \| Comments
Oct30	Why Dalai Lama Is Meeting World Leaders And Stepping Up The Ante Sung Hin Jason Chan October 30, 2007 As you've probably heard, the US Congress awarded the Congressional Gold Medal to the Dalai Lama last month. That sparked an international crisis; "international" in the sense that America further infuriated China from the already fragile Sino-US ties since the onset of the Mattle incident.... Continue Reading Posted at 8:59 PM \| Permalink \| Comments
Oct29	High Time For Derivatives Market Development In China Sung Hin Jason Chan October 29, 2007 "It is high time unveiling the financial derivatives market."This is what Cheng Siwei, vice chairman of the Standing Committee of the National People's Congress, was quoted as saying on Saturday. He suggested the opening up of markets in stock index, interest... Continue Reading Posted at 5:23 PM \| Permalink \| Comments
Oct26	Baidu: Disappointment For Some, Not For Others Sung Hin Jason Chan October 26, 2007 If you haven't heard, China's largest and most popular internet search engine posted its third quarter earnings yesterday after the market closed in New York. Here are some figures: net income more than doubled to 181.7 million yuan, revenues also... Continue Reading Posted at 6:00 PM \| Permalink \| Comments
	China's Global Takover Strategy: ICBC To Buy Stake In South Africa Bank Sung Hin Jason Chan October 26, 2007 So after a string of Chinese international takeover bids since the CNOOC-Unocal incident back in 2005, financials in China hit high ground yesterday: the state-owned Industrial & Commercial Bank of China (HKG:1398) announced that it was purchasing a 20% stake in Standard... Continue Reading Posted at 2:53 PM \| Permalink \| Comments
	Chinese Amazon Joyo To Promote Chinese Harry Potter Sung Hin Jason Chan October 26, 2007 The Chinese version of the seventh and final installment of Harry Potter will go on sale in China on October 28th after 3 months of translation, says publisher People's Literature Publishing House. The first batch will have 1 million copies, the most amongst... Continue Reading Posted at 11:45 AM \| Permalink \| Comments
Oct25	Google's Strategy In China: Focus On Mobile Internet WiFi Sung Hin Jason Chan October 25, 2007 Google Inc. (NASDAQ:GOOG) has a problem. It only has 22.5% market share in China (compared to Baidu's 61.5%), but that's not what the company's concerned about today. It's more concerned about Google's overall strategy in China. From Reuters: "China has a large... Continue Reading Posted at 6:30 PM \| Permalink \| Comments
	American City To Ban Chinese Made Products Sung Hin Jason Chan October 25, 2007 Plam Bay, Florida, is trying their best to avoid Chinese products. The mayor of the self-proclaimed "blue collar" town issued an ordinance that bans all Chinese products, with the exception of those that costs less than $50, has no subsitutes, and... Continue Reading Posted at 3:47 PM \| Permalink \| Comments
	China's Economic Growth Slowing Down: 11.5% in Third Quarter Sung Hin Jason Chan October 25, 2007 China's growth is finally at a slow down after a continuous pattern of posting high growth rates one after another. Economic growth in the third quarter is at 11.5%, down from a record high of 11.9% in the second quarter.... Continue Reading Posted at 5:34 AM \| Permalink \| Comments
Oct24	LDK Solar: Stock Price Up Or Down? Sung Hin Jason Chan October 24, 2007 I was going to ignore this topic and talk more about PetroChina and Buffet's trip to China, but the increasing amount of chatter over LDK Solar Co., Ltd. (NYSE:LDK) prompted me to get on-board. I have to admit that I... Continue Reading Posted at 2:40 PM \| Permalink \| Comments
	Foreign Media Will Be Accessible In China Sung Hin Jason Chan October 24, 2007 After the Chinese blogging community hotly debated over the ban of Youtube last week (most possibly due to the 17th National Congress of the Communist Party) and the hijacking of Google/Yahoo!/MSN search (most likely due to China's retaliation on the award given... Continue Reading Posted at 12:54 PM \| Permalink \| Comments
Oct23	Best Performing Chinese Stocks In Transportation Sung Hin Jason Chan October 23, 2007 Bespoke Investment Group posted an interesting article on Seeking Alpha that listed the performance of Chinese ADRs (year-to-date price changes). I repeat: performance of Chinese ADRs, not performance of A Shares of H Shares. This is shows us how American... Continue Reading Posted at 6:51 PM \| Permalink \| Comments
	KFC Chooses Mengniu Over Nestle, Citic and Bear Back On Track Sung Hin Jason Chan October 23, 2007 Here's a follow-up to two of my previous posts. KFC selects Mengniu as its lead supplier of dairy products in China, replacing the decades-old dairy contract with Nestle. As I mentioned before, KFC's parent company, Yum! Brands, Inc. (NYSE:YUM), plans... Continue Reading Posted at 12:54 PM \| Permalink \| Comments
Oct22	Some Links With Your Coffee: IMF, Wu Yi, PetroChina, Jackie Chan, Alibaba Sung Hin Jason Chan October 22, 2007 Here are some links over the weekend and for Monday:"Paulson Urges IMF to Control 'Unsustainable' Spending"-- Paulson tells IMF to cut spending and monitor China's unfair trade advantage, if any, especially the value of the yuan. A year ago, the... Continue Reading Posted at 5:20 AM \| Permalink \| Comments
Oct19	China Citic Not Buying Bear Stearns Sung Hin Jason Chan October 19, 2007 On Tuesday (October 16th), Dow Jones Newswires spread a rumor about the overseas investment arm of the fastest rising Chinese bank, China Citic Bank Corp.: they might buy a stake in Bear Stearns (NYSE:BSC). This shouldn't come at a surprise,... Continue Reading Posted at 10:39 PM \| Permalink \| Comments
	PetroChina One Of The Largest Companies In The World By Market Capitalization Sung Hin Jason Chan October 19, 2007 As oil flies past $90 a barrel and energy producers are the biggest losers on S&P 500, it seems that its a pretty bad time for PetroChina to claim the title as the second largest company in the world (and... Continue Reading Posted at 3:53 PM \| Permalink \| Comments
	New Chinese IPOs: China Water, NetDragon, Giant Sung Hin Jason Chan October 19, 2007 In light of all the frenzy about Alibaba's IPO in Hong Kong, here are some perhaps lesser known companies that will be knocking on your door in the near future:NetDragon, Chinese online gaming operator:- Plans to raise $1.308 billion in... Continue Reading Posted at 6:32 AM \| Permalink \| Comments
Oct18	China's $23.9 Billion Trade Surplus Beat Estimates Sung Hin Jason Chan October 18, 2007 China's trade surplus rose to $23.9 billion in September, following a 56% gain from August. This amount beat the Bloomberg-surveyed median estimates at $21.6 billion. The trade surplus is up from $15.3 billion a year earlier. But Chinese stocks fell... Continue Reading Posted at 7:04 PM \| Permalink \| Comments
	Hu: "Democracy" 60 Times, "GDP Per Capita" 4 Times, "Conservation Culture" 1st Time Sung Hin Jason Chan October 18, 2007 The 17th Communist Party Congress began with a blast. President Hu Jintao, who delivered his keynote address on Monday, said that China will expand on people's democracy to prevent arbitrary decision making by an individual or a minority group of... Continue Reading Posted at 3:14 PM \| Permalink \| Comments
	China Studies Hong Kong Stocks, Plans Arbitrage; Hang Seng Hits 30,000 Sung Hin Jason Chan October 18, 2007 We all knew this was coming. It was just a matter of time before the Hang Seng Index (HSI) hits 30,000. Obviously I'm saying this as a person who's looking back at the 47% rally in HSI year to date, yet... Continue Reading Posted at 6:00 AM \| Permalink \| Comments
Oct17	American Firms in China: Making More Money Now Than Before Sung Hin Jason Chan October 17, 2007 A recent report mentioned that in 2006 more than 108 publicly traded companies in the U.S. are making 5% or more of their revenue from Chinese markets, the number is up 145% from 2001. Why is that? It's because even as... Continue Reading Posted at 12:00 PM \| Permalink \| Comments
Oct16	China Fights Pollution: Some Links On Pollution Tax And Census Sung Hin Jason Chan October 16, 2007 As a kind of closure to Blog Action Day, I thought I should put up some links on China's new environmentally-friendly image in its fight against global warming:"China Considers Environmental Tax on Polluters"-- a viable option, but have to discuss with... Continue Reading Posted at 1:01 PM \| Permalink \| Comments
	China To Increase QFII to $30 Billion Sung Hin Jason Chan October 16, 2007 So Bloomberg substantiated a claim that China will up its QFII quota to $30 billion from around $10 billion. QFII, the qualified foreign institutional investor program, is a state sanctioned scheme that allows overseas investment in Yuan-denominated equity and fixed... Continue Reading Posted at 11:40 AM \| Permalink \| Comments
Oct15	Blog Action Day: Save The Environment And Earth From Global Warming By Not Building Dams Sung Hin Jason Chan October 15, 2007 As you probably would (not) know, today is Blog Action Day. What this means is that some non-profit organization somewhere is giving me an opportunity, on this day, to lament about China's eco-unfriendliness. This time around, instead of talking about... Continue Reading Posted at 4:12 PM \| Permalink \| Comments
	Canton Fair Begins! China Import and Export Commodities Fair, Largest Trade Fair In China Sung Hin Jason Chan October 15, 2007 China's largest trade fair, the China Import and Export Commodities Fair (more commonly known as the Canton Fair) kicks off today in Guangzhou. The fair is expected to attract more than 15,000 domestic and foreign businesses, with more than 50... Continue Reading Posted at 12:52 PM \| Permalink \| Comments
	Some Headlines With Your Coffee: Higher China Bank Reserve Ratio, Toy Industry Quality Seminar, PetroChina Rises Without Buffett Sung Hin Jason Chan October 15, 2007 Here are some hot links from Sunday evening:"A workers' manifesto for China"-- attributes the lack of consumption (as a % of GDP) in China to a fall in labor income, as household savings rate has not increased. Read my next... Continue Reading Posted at 4:00 AM \| Permalink \| Comments
Oct12	Sinopec vs. CNOOC Continued: Valuations and Comparisons of China's Oil Producers Sung Hin Jason Chan October 12, 2007 In my last post I did a qualitative comparison between Sinopec and CNOOC, so I thought it's time to put my money where my mouth is, or rather, put my money on the numbers. Let's see whether a quick quantitative... Continue Reading Posted at 10:40 PM \| Permalink \| Comments
Oct11	First Gas Station In China: CNOOC Steps Into Refinery Project Sung Hin Jason Chan October 11, 2007 As Hong Kong and Shanghai indicies hit record high once again (when America was sound asleep) and crude oil less than a dollar away from its all time high at $83.90, it's time to reexamine the Chinese oil industry. This... Continue Reading Posted at 4:00 PM \| Permalink \| Comments
	Why China's Service Industry Is Different Sung Hin Jason Chan October 11, 2007 It's all in the smile.People compare the rise of the Chinese economy to that of Japan's (every other article I read now does that) and note China's embrace of market economy as a threat to that of America's. But if... Continue Reading Posted at 8:00 AM \| Permalink \| Comments
Oct10	Hong Kong To Tackle Poverty; China To Tackle Foreigners Sung Hin Jason Chan October 10, 2007 At rapid growth rates of 6% and 11% in Hong Kong and China, respectively, the (one country, two systems) governments are leaving some behind. Donald Tsang, the Chief Executive of Hong Kong, announced plans to invest some HK$200 billion in... Continue Reading Posted at 8:00 PM \| Permalink \| Comments
	The Richest Woman In China (Not Nina Wang) Sung Hin Jason Chan October 10, 2007 When Nina Wang, the infamous pigtailed businesswoman, died on April 4th, she still managed to claim the title of "the richest woman in Asia." Forbes valued her total assets at $4.2 billion. That title was all but lost a little over two weeks... Continue Reading Posted at 5:00 AM \| Permalink \| Comments
Oct 9	News Links: China In Leadership And Economic Trouble Sung Hin Jason Chan October 9, 2007 Here are some links I found over the weekend, both articles entailing the demise of China in the near future:"China’s Leaders Deadlocked Over Succession"- From the New York Times: basically a discussion on whether Hu would be able to find a... Continue Reading Posted at 12:00 PM \| Permalink \| Comments
Oct 8	Map Of China's Largest Cities: Map Of Shanghai, Beijing And Hong Kong Sung Hin Jason Chan October 8, 2007 Here's an interesting find from the cyberworld:Edushi.ComWhat is it? It's a website that provides 3-D maps of China's largest cities. 3-D meaning better than Google Maps. And it also provides better coverage in locations where one can't zoom in maximum using Google without... Continue Reading Posted at 2:00 PM \| Permalink \| Comments
Oct 5	Chinese People May Own More Rolex Watchs And Chanel Handbags Than You Think Sung Hin Jason Chan October 5, 2007 According to China Business Services Blog, a survey of some "411 affluent Chinese respondents," from some of mainland China's largest cities, claimed the following are well-known and prestigious brands:1. RolexThis ubiquitous watch brand is more often than not a knockoff in... Continue Reading Posted at 6:00 PM \| Permalink \| Comments
	Some Links: Baidu And China Mobile On The Rise Sung Hin Jason Chan October 5, 2007 Here are some interesting links/articles for you this morning:"Mobile phone users top 515 mln by August"- Previously I'd given out the figures for Hong Kong mobile phone users, so I thought I'd follow up with figures for China. Population of... Continue Reading Posted at 12:00 PM \| Permalink \| Comments
	50 Years after Sputnik: China A Leader In The New International Space Race Sung Hin Jason Chan October 5, 2007 It was 50 years today that the Russians revolutionized technology as we know it today. Global communication is something we take for granted today, but without the Sputnik satellite, we (meaning America and China) may not have fully appreciated the... Continue Reading Posted at 5:00 AM \| Permalink \| Comments
Oct 4	Top Chinese Journalism Award Won By...Faked Newspaper Page? Sung Hin Jason Chan October 4, 2007 This is funny. A revered photojournalism award was given out to Yangzhou Evening News (YEN) at the 17th Annual Chinese Journalism Awards. The award cited the main page of YEN on the October 16, 2006 issue, which was a colorful page... Continue Reading Posted at 12:00 PM \| Permalink \| Comments
	Verizon Wireless Introduces LG VX10000 Voyager Up Against The IPhone, But Where Did The Prada Phone Go? Sung Hin Jason Chan October 4, 2007 So the iPhone received real competition in America as of Wednesday, as the LG-Verizon newlyweds unveiled the new LG Voyager, challenging the once-solid relationship of the Apple-AT&T mature couple.Interesting, Verizon Communications Inc.'s (NYSE:VZ) choice of suitors was not at all... Continue Reading Posted at 5:00 AM \| Permalink \| Comments
	China Market On Decline? Hang Seng Index Plummets Down Sung Hin Jason Chan October 4, 2007 Invest in China, definitely, but with caution. Just like the Hang Seng Index (HSI) on Wednesday, I'm beginning to feel some sort of a reversal. Apparently it seems like the market is more eager to cash out for profits after the... Continue Reading Posted at 1:00 AM \| Permalink \| Comments
Oct 3	Quality Control, Rejection and Recalls: Mattel Toys, Soybeans Sung Hin Jason Chan October 3, 2007 Update: China rejected US-made sardines infected with disease. In the latest spat over "problematic" Chinese exports, Mattel, Inc. (NYSE:MAT) apologized for its lead-tainted, small-parts products, whereby China immediately seized on the opportunity to clear its name and reiterate that Chinese products, on average, are safe. Then... Continue Reading Posted at 1:00 PM \| Permalink \| Comments
	Direct Flight To China: American Airlines To Rival Against United Airlines Sung Hin Jason Chan October 3, 2007 What I hear is that American Airlines Inc. was awarded the right to launch a direct flight from its Chicago hub to Beijing. Service will commence in March 2009.Although American Airlines already serves more than 110 direct routes into Asia from Chicago... Continue Reading Posted at 11:07 AM \| Permalink \| Comments
	News Links: More Mobile Phone Users In Hong Kong; China's Trade With Africa Sung Hin Jason Chan October 3, 2007 Various headlines and interesting articles for today:"Hong Kong ends July with 9.7 million mobile users"- Let's see. Population of Hong Kong as of July 2007: 6,980,412. Number of mobile phone users as of July 2007: 9,700,000. Number of mobile phones... Continue Reading Posted at 8:36 AM \| Permalink \| Comments
Oct 2	Asian Market Frenzy: Hong Kong, Shanghai And Korea Hit New Stock Market High, Japan At 2-Month High Sung Hin Jason Chan October 2, 2007 Here's some optimistic news: in anticipation of yet another fed fund rate cut at the end of October, investors are pushing their money into Asian stocks. As the subprime credit crisis comes to a close, many believe that the American... Continue Reading Posted at 2:00 PM \| Permalink \| Comments
	New Hotels And Better Transport: Macao Catching Up With Hong Kong In Popularity Sung Hin Jason Chan October 2, 2007 I read something yesterday that I personally found preposterous. China Daily ran an article, of which I'll quote its first paragraph: "Macao is expected to catch up with Hong Kong in the near future in terms of mainland tourist traffic,... Continue Reading Posted at 12:00 PM \| Permalink \| Comments
Oct 1	Cheaper Beijing Subway Better Than A Car Reduction Plan? Sung Hin Jason Chan October 1, 2007 The Beijing municipal government thought it's finally about time to slash the 3-5 yuan price tag off the local subway system. After all, the Olympics is less than 52 weeks away and the smog that engulfs Beijing every day isn't going away.The... Continue Reading Posted at 6:00 PM \| Permalink \| Comments
	More on China Investment Corp.: The Temasek Analogy Sung Hin Jason Chan October 1, 2007 While some believe that China Investment Corp. (CIC) will invest in broad index or hedge funds, others think that CIC will invest in emerging markets commodities to strategically fulfill China's future needs. State officials said early this year that they will diversify investment holdings and... Continue Reading Posted at 5:00 PM \| Permalink \| Comments
	China Investment Corp.: China's $200 billion Forex Fund Sung Hin Jason Chan October 1, 2007 Over the weekend: China launched its $200 billion state-run investment fund, China Investment Corp. (CIC), to be managed by Gao Xiqing, a U.S.-trained lawyer. Around $67 billion will be used to acquire the assets of Central Huijin Investment, a holding company run... Continue Reading Posted at 3:00 PM \| Permalink \| Comments
	New Chinese Author, Old Chinese Blog Sung Hin Jason Chan October 1, 2007 Hello and welcome back to the all new ZhongHuaRising! My name is Sung Hin Jason Chan and I'll be providing you with daily coverage of Chinese business and finance from here on out. It's an honor to be writing for... Continue Reading Posted at 1:00 PM \| Permalink \| Comments

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