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Don’t Believe the Hype: Avoid Chineses Banks Stocks and IPOs

Don’t Believe the Hype: Avoid Chineses Banks Stocks and IPOs

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John Kim
Oct 09, 2006
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Building Wealth With Tomii Academy
Building Wealth With Tomii Academy
Don’t Believe the Hype: Avoid Chineses Banks Stocks and IPOs
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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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