Don’t Believe the Hype: Avoid Chineses Banks Stocks and IPOs
October 9, 2006 -
While I still like certain individual Chinese stocks, I don’t particularly like the banking industry in China. This week, there has been enormous hype surrounding the largest IPO in history planned on October 27th by the Industrial and Commercial Bank of China, which plans to raise USD $22 billion. To gain some perspective on the size o…
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