Most of you will probably have never heard of Hong Kong jeweller Chow Tai Fook, but the reality is that this little known company (outside of China anyway) is about twice as big as Tiffany. The company has raised some $2 billion in its IPO on the Hong Kong stock exchange.
Chow Tai Fook lists in Hong Kong
Jiayuan's date with Wall Street falls flat
It sure isn't a great time for Chinese internet IPOs! Stocks for Renren (RENN.N) have been in decline for several days after their debut on the New York Stock Exchange and now things don't seem to be too rosy for Jiayuan.com (DATE.O) either.
Renren's stock gets dropped like a hot potato infected with plague
It looks like the hype over Renren might have been a little premature. Stocks for Renren (RENN.N) have been in decline for several days shortly after their debut on the New York Stock Exchange. The frothing at the mouth that was prevalent only a week ago now seem like the ravings of a tech-bubble lunatic.
NASDAQ to seek Shanghai listing?
Amidst the doom and gloom comes a shimmer of hope for the Shanghai bourse. NASDAQ OMX Group, the world's largest global exchange company which operates the second largest stock exchange in the U.S., eight stock exchanges across Europe and owns a third of the Dubai Stock Exchange, is seeking a Shanghai listing — a move that is said to suit policy planners here just fine as they have been long been looking at the possibility of attracting multinationals to list on mainland China. NASDAQ has already signalled its intentions to the China Securities Regulatory Commission and Shanghai Stock Exchange, but the exact timing and nature of the listing remains under discussion.
Today's Links: Hong Kong bird flu, Chinese hackers and a Beijing-Taiwan breakthrough
"A stuntman filming John Woo's new movie in Beijing was killed in a bizarre fire when a small boat rammed into the set of an ancient warship, state media said on Tuesday."
Around Shanghai: Stock market plummets, medical lawsuits and Expo sign-ups
http://www.shanghaidaily.com/sp/article/2008/200806/20080611/article_362763.htm"> sued for 230,000 RMB for failing to inform a mother of the possibility of a deformed fetus in the city's first lawsuit about a pregnant woman's right to understand her medical condition.
Stock market tremors in China
Recently, Tudou's Marc van der Chijs commented on how he knew the bubble in the Chinese stockmarket had to burst soon when he found out that his driver, too, had jumped headlong onto the stock bandwagon although he had zero understanding of how stockmarkets work. You will find an echo of that sentiment in Al-Jazeera's latest report on China's current stockmarket frenzy. Meanwhile, David Barboza of the New York Times says China wonders if its stock market boom is over. And as China Digital Times reports, the recent stock market crash caused a Beijing investor to attempt suicide in the Wangfujing shopping district. Video after the jump:
China may add foreign companies to domestic bourses
The Xinhua News Agency is reporting that China may allow foreign multinationals to list on the Shanghai Stock Exchange(SSE). SSE officials are conducting feasibility studies and companies names mentioned include HSBC Holdings Plc, Coca-Cola Co., and Siemens AG. China is under renewed international pressure to speed up its currency reform and open its financial market. Letting foreign firms trade on domestic bourses may just be the first of many steps toward integrating China into the...
PetroChina, now the world's most valuable company
And in a class all by itself, the US$1 trillion(1,000,000,000,000) club. On Monday, the 4 billion A-share offering, priced at 16.7 yuan per share, finished its first day of trading on the Shanghai Stock Exchange at 43.96 yuan, rising as high as 48 yuan intraday. At US$1.005 trillion, PetroChina’s market cap is more than twice that of its US peer, Exxon Mobil (USD $486 billion), even though Exxon Mobil generated four times as much revenue...

