Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
Reason to Be Upbeat about Chinese Shares
Adjust font size:

Jim Rogers, an international prominent fund manager, said at the Shanghai Global Chinese Financial Forum yesterday that he did not fear a bubble burst for Chinese stocks.


But Rogers, as a veteran investor in the Chinese stock market since 1999, has changed his mind about the outlook of Chinese stocks this year. Back in January, he predicted a fall of 30 percent only to advocate a very bright future now.


In Shanghai, Rogers commented that western shares were very expensive in terms of valuation and that Asia was a breeding ground for investment opportunities. "I'm not selling my Chinese shares. As I said, I bought more of them last week," he said, "If the market triples again in the next year I would probably have to sell my Chinese shares."


He also pointed out that certain Chinese shares would soon collapse due to their insane pricing. "The stock market has gone through the roof over the past three years. That's always a dangerous sign," he warned. "If you are new to the stock market, you may be misled into thinking this is how it always works."


For more details, please read the full story in Chinese. (http://www.dfdaily.com/node2/node27/node260/userobject1ai17889.shtml)


(China.org.cn July 27 2007)


Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
Related Stories

July 19 Shanghai Shanghai Finance Forum

Aug. 8-10 Beijing Company Summit Conference of China

Aug. 18-19 Beijing China Economic Development Forum

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback
Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号