Jul

16

 Jim Rogers in his excellent book Street Smarts continues to advise putting all the chips into China. People I met with in China told me they don't know anyone who's ever made money in Chinese stocks except for the members of the party. The growth rate of China according to Jim is a completely doctored number with all the Asian countries trying to outdo the other the same way they do here. But I thought that the p/e and p/b would be of interest. It will be a fight between the amount of money siphoned off by the flexions and the natural growth rate of a country whose labor costs are rapidly rising to our level. 

Leo Jia adds: 

Hi Vic,

You asked about these in Shanghai, which I did not have the answers. I found the following numbers for July 12.

PE of Shanghai A-Shares market is 10.49, of Shenzhen A-Shares is 24.96, and of Hong Kong Exchange is 9.98.

PB of Shanghai A-Shares market is 1.39, and of Shenzhen A-Shares is 2.43

Market value of all floating shares of Shanghai A-Shares market is 12,174 billion Yuan, and of Shanzhen A-Shares is 5,278 billion Yuan.

Best,

Leo


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