Shanghaiist: Will the China Investment Corp get a slice of Morgan Stanley?

nanheyangrouchuan

Wed, 24 Sep 2008 06:23:11 +0800

Reckless business dealings with China helped fuel this crisis.

BBC1

Tue, 23 Sep 2008 19:35:08 +0800

Heard Bushie called Hu today about financial markets. Looks like US is really broke and the 700 billion rescue package bandied by around by US gov cud be just hot air. I guess it's a matter of MS in desperate straights and China shud not buy it.

eastman

Tue, 23 Sep 2008 13:44:38 +0800

To nanheyangrouchua, Well, whatever you say, though too late. You can repeat what newspapers say, but "shit market" doesnt repeat itself, especaily for a economic illiterate like you. Go buy vegetables!

nanheyangrouchuan

Tue, 23 Sep 2008 11:45:55 +0800

@ leastman, Yesterday's little blip on the Shanghai Shit market was due to Beijing buying up stocks through SOE insurance companies and banks to shore up confidence. In other words, Beijing just blinked when it comes to the status of China's financial market.

eastman

Mon, 22 Sep 2008 19:32:18 +0800

To Buck, Calculated on today, 6o% down on year and 6% down in September. I agree that there're some good buying opportunities now, but not a place for the conservative investor since buying moment is the one when all investers are bocoming crazy with clenched tooth. But any market has opportunities if you step on the right rythm of 2-3 rallying times in a year, while switching off your Apple and dozing away all months left.

Buck Rogerz

Mon, 22 Sep 2008 12:43:32 +0800

It's down 69% on the year and (was) down 20% in September alone. If you stayed clear of this market in 2008, you were probably smart, but I would reckon that there are probably some good buying opportunities now. Nonetheless, it's still very much at risk of contagion from the states (especially if more financial problems are uncovered) and far from a safe bet. Not a place for the conservative investor.

eastman

Mon, 22 Sep 2008 11:41:52 +0800

To nanheyangrouchuan ---"I'm not in Shanghai's market. I'm laughing at people like you who are"? In 1.5 trading day, I am out of Shanghai this morning with a 16% kill. Boy, only an idiot like you will hang on for life. And with your lovely $10 pocket money, vegetable market is only one you can go.

NannyState

Mon, 22 Sep 2008 03:42:25 +0800

Just don't do it. Now's not the time for a chinese firm or anyone else to buy a stake in any U.S. financial. The U.S. government put the brakes on this collapse but it is still pointed downhill. China has many better places to invest its money.

nanheyangrouchuan

Mon, 22 Sep 2008 01:18:56 +0800

I'm not in Shanghai's market. I'm laughing at people like you who are ;-)

eastman

Sun, 21 Sep 2008 19:14:16 +0800

To nanheyangrouchuan, Still mad with your missing 10% gain of your $10 pocket money last Friday? But your cursing Shanghai's market for your bad luck is just like blaming earth gravity when you cannot shit. Try lube the broken hole, you'll begin to giggle again.

nanheyangrouchuan

Sun, 21 Sep 2008 15:41:30 +0800

@ leastman and pug ster Despite the bad behavior and lies of Wall St. it's fall is nothing compared to the drop in Shanghai's market because China is an inferior pile of shit in all categories.

Bumix

Sun, 21 Sep 2008 08:27:26 +0800

Yes, we also put a man on the moon!

shopgirl

Sun, 21 Sep 2008 06:52:52 +0800

jeez, i havent been following the news lately. BUT DID MS REALLY GET BOUGHT BY BANK OF AMERICA??????????? suckers.

eastman

Sat, 20 Sep 2008 09:06:40 +0800

Another reason CIC is less possible to invest is there are almost no real good asset for sale on earth. Just imagine the call back for 450 trillion the false values floating around this planet when there is nothing to be paid. It's like a global Mahjohn game with much more chips than real money but everybody is holding the chips. Maybe Wall Street, a place I recommned anybody to leave, will soon become cemetery of the ugly American global economy. Maybe the best place to invest for CIC now, being the king of cash, is only A share market in China with low 16%P/E and high 9%GDP of production for hard stuffs. Can anybody in this world at this fcking moment imagine a no less than 30-50% annual profit from almost all listed banks in China?

pug_ster

Fri, 19 Sep 2008 22:39:45 +0800

I agree. Even if CIC wants to buy a big chunk of Morgan Stanley, they couldn't because the government will stop it from happening. It would only be a matter of time when the US government can't borrow money and they are forced to accept Chinese money.

eastman

Fri, 19 Sep 2008 19:44:50 +0800

--"Reuters reports that after CITIC's near miss on Bear Stearns earlier this year, ... any foreign investment worth “a considerable amount of money” will now require approval from the government"? Reuters is wrong. The approval from the Chinese government became a must much earlier when CNOOC's $18 billion bid for Unocal failed in 2005 because of US anti-trust and national security concerns. The approval tightened even further when Huawei’s $2 billion bidding to takeover 3Com failed again because of a political uproar in USA in 2007, since the rednecks thought the deal would allow commie to bug on their pillow-talk, exactly like their dear leader Bush did to them. I still remember vividly how mad American public and especially the lawmakers's reaction were then, calling the deals as “commie’s conspiracy” and an “betrayl of free world”. Now here comes Morgan Stanley to which China Investment Corp already own a burning 9.9%. I hope American will think twice about 49% commie's share which will make their moral bar even lower, not to mention the high ground. When being hungry, you become less picky on food.