Wednesday, June 06, 2007

SFCC meeting on the stock market

The Shanghai Foreign Correspondents Club is organizing on Tuesday a meeting to discuss the current events at the Shanghai stock market with Peter Alexander of Z-Ben Advisors. About the event:
It's always a warning sign when ordinary people stop to gossiping about their neighbours in favour of exchanging stock-tips. For months now housekeepers, pensioners and bus drivers have been pouring in their meagre earnings "frying stocks", but the past few days has seen the Shanghai index go into a free fall. Is the bubble on the verge of bursting or is the market stronger than it appears? Peter Alexander will explain what to make of the current slide in share prices and the impact of the ongoing state share reform scheme.
Just for the record: the Shanghai Index is in positive grounds again today, although only marginally, against my expectations yesterday.
The meetings starts on June 12 at 7 PM at Mesa Manifesto at Julu Lu and you have to RSVP here. Non-members pay 50 Rmb entrance fee.

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