China
China Life to Conduct 2:1 Split
According to Briefing.com, China Life Insurance (LFC) will conduct a 2:1 stock split when the trading begins on December 29th. There have been some rumors on Yahoo! Finance discussion board lately about the split, but this is the first official announcement. Closed near $140 yesterday, the price after the split will be much more affordable. [...]
LFC Won Regulatory Approval for Domestic Listing
According to Reuters, China Life Insurance (LFC) has won approval to sell its class-A shares in Shanghai, which could raise $3.2 billion or 25 billion yuan, making the offering the second largest in the history of Chinese domestic public offering. Encouraged by the news, LFC is now trading above $105 in NYSE, more than $3 [...]
LFC to Close Above $100 for the First Time
So I didn't buy Google two years ago and now it's traded near $500. But I have LFC.
China Life Insurance (LFC), my biggest gainer so far, is on track to close above $100 for the first time today. Currently traded at $101.70 per share, LFC has seen its stock price more than tripled in [...]
China Play: A Comparison of FXI, PGJ, and MCHFX
I have been investing in China for more than three years and the first China related financial product I purchased was Mattews China Fund (MCHFX) held in my brokerage account with Scottrade. I sold all my position at the end of 2003 when Scottrade started to charge commissions for even the non-load funds. Shortly after, [...]
China Life to Resume Trading Tomorrow
And the suspension is indeed related to the acquisition of 20% stake of Guangdong Development Bank. According to announcement, China Life will pay about $730 million in cash for the acquisition. Trading of LFC will resume tomorrow at 9:30 am in NYSE.
The announcement can be found here.
Citi Won, LFC Halted
Citigroup announced today that it won a $3.1 billion bid to take control of Guangdong Development Bank, a regional bank with more than 500 branches in south and east China. A consortium led by Citigroup, also including IBM, China Life Insurance, China's State Grid Corp, CITIC Trust, and PuHua Investment, will take 85.6% percent of [...]
Goldman Sachs Made $4.9B from World’s Largest IPO
According to Bloomberg.com, Industrial & Commercial Bank of China Ltd. (ICBC), China's largest bank which holds 17 percent of the nation's $5.2 trillion banking assets, sold 35.4 billion shares in Hong Kong and 13 billion shares in Shanghai in initial share sale. The $19.1 billion offering eclipsed the $18.4 billion NTT DoCoMo raised in 1998 [...]
Care a Piece of Moon Cake?
Today is the traditional Chinese Mid-Autum Festival (15th of August according to Lunar calendar). The Festival itself, started in the Tang Dynasty, has more than one thousand years of histroy and is China's second largest festival after the Lunar New Year Festival (Spring Festival).
On the day of the festival, moon cake, a symbol of [...]
I Should Have Said It Yesterday
on October 1st. So this is a make-up: Happy Birthday!
Got My Replacement Battery from Dell
a little more two weeks since I placed the order.
The top is the one being recalled, and the bottom one is the replacement. Notice any difference between these two batteries?
Dell is going from Japan to China!
