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Pfizer Inc. Message Board

sunnsailor 3 posts  |  Last Activity: 5 hours ago Member since: Mar 16, 2014
  • XINHUA (May 21, 2015 at 10:14 PM)
    "Shengjing, a Chinese investment advisor and manager, has launched the country's first investment fund dedicated to helping overseas-listed Chinese firms to delist and list instead on domestic stock markets, the official China Securities Journal reported on Thursday.
    The 2 billion yuan ($322.50 million) fund of funds (FoF) aims to bring home Chinese companies which currently have so-called variable interest entity (VIE) structures, and are partially held by US dollar funds, the newspaper said.
    VIE structures have been widely used by Chinese technology companies, in particularly internet giants like Alibaba , Baidu and Tencent.
    Because foreign ownership in China's internet sector is blocked, and Chinese internet startups have difficulty meeting profitability requirements to list onshore, the VIE structure was developed to satisfy the ownership requirements of overseas security regulators without technically breaking Chinese law.
    The FoF will invest in about 10 funds with that purpose, which could eventually see at least 10 billion yuan of funds at work to bring over 100 overseas listed companies home, the article said.
    China's start-up board ChiNext and the country's leading over-the-counter marketplace, the New Third Board, has attracted huge investor interest, with valuation of companies listed there soaring.
    But trading in many overseas-listed Chinese companies is generally lukewarm, partly due to some offshore investors' distrust of such entities."

    Sentiment: Strong Buy

  • Reply to

    Warren Buffett versus the ONP board Troll

    by doneatforty Aug 5, 2014 9:33 PM
    sunnsailor sunnsailor May 14, 2015 2:29 PM Flag

    to YOUTUBE: (" Warren Buffett On Investing Small Sums ") He mentions investing $10K each in various Korean stocks a few years ago !!!!!!!!! by sunnsailor •Nov 2, 2014 5:05 PM

    doneatforty • Nov 2, 2014 8:34 PM
    Nice post Sunn. I have read Benjamin Graham's "The Intelligent Investor" twice. Ben Graham would jump on ONP if he were around. --SAGE DoneAtForty

    Sentiment: Strong Buy

PFE
34.38+0.02(+0.06%)2:18 PMEDT