In China, Even Warren Buffett Would Be a Speculator
Aggregated Source: China Stocks News and Analysis from Seeking AlphaThe government has spoken, I guess. At any rate the stock market certainly thinks it has. As a side project I run a small investment club, with money supplied by me and some friends, that is invested in a diversified portfolio of Shanghai-Stock-Exchange-listed B-shares (which foreigners are permitted to own, unlike shares in the much larger A-share market), so I can’t say I was disappointed when I clicked onto the SSE website and found that the B-share index was up 7.94% today (A-shares are up 8.13%). Although I am a little surprised at the extent of my gains, I am not at all surprised that my shares, and the market more generally, is up significantly today.
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