I have decided to re-start my blogging and will try to do a post at least each month, as I learn something new which I think might have value. My thoughts came about when I saw a presentation two weeks ago by Kanghong Pharmaceuticals in Chengdu. They were just about to list on the Shenzhen stock exchange. Then they listed and three days later a mini global meltdown and a few trillion Yuan devaluation occurred in China stock prices. Except for Kanghong! Yep, they have a real product but their listing story is not what you would expect on Wall St. However, there is no actual factual news available on the web for the lazy business people news services to re-write and publish. This means in a vacuum of information, anything is news. Therefore, from Shenzhen, any information can go viral and result in speculation. As I see it, by throttling the information, the Chinese government ensures that market volatility prevails! A brief article about the leader at Kanghong is here: "New Billionaire Clan Defies China's Wealth Plunge."
Chinese links can find more about Kanghong Chengdu Pharmacuetical company by searching on this name: 成都康弘药业集团
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Since I won a prestigious Swedish prize in 2005, some people have been interested in my opinion. My opinions are often based on fact, but some I just have; maybe my mother told me. Anyway, if I feel like venting I may do it here. But this is not a very intensive blog, just a little bit of news really.
1 comment:
Kanghong continues its rise and hit 60 Yuan before falling back a little. People in Chengdu will (I hope) invest their profits in further worthy biotech projects.
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