Even Capitalist Roaders need a break – we’ve decided against any action this week. Although Anhui Conch (600585.SH) has fallen 29% since we bought it on June 3, we’re not planning to unload it just yet. Both it and ICBC (601398.SH), currently down 1.6% from since June 18, were meant as longer-term buys. And although […]
Category: Markets
Ah, happy days. After a disastrous week, the market appears to be rebounding. To get some exposure to the index and hopefully ride the rebound, we bought 200 shares of China’s biggest bank, (market cap RMB1 trillion right now) ICBC at RMB5.10 a share. As for our other holding, Anhui Conch, it rode all the […]
In August 2005, China Economic Review decided to invest RMB10,000 in the A-share market. This was the beginning of the Red Dragon Fund, which continues to appear in the magazine every month. During the course of its existence, the fund – currently under the care of fund manager Zhang Zheng – has tripled in value. […]
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Carrying the torch
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