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Volume II, Episode 58
June 2, 2008
China Telecoms Merge At Last - Shanghai Talks Foreign Listings - Forex - Taiwan - Iron Ore - Sichuan Quake Update

May 12, 2008

Sichuan Earthquake Effects on Economy - Chinese Jet Planes Coming - China-Japan Summit

April 21, 2008

The Price of Rice - 1Q Macro Report - IPOs - CCP and KMT Together Again at Boao Forum

April 8, 2008

Chinese Stock Market Doldrums - China Wants Africa's Oil - Boycott Beijing 2008 Olympic Games?

April 2, 2008

Chinese 3G Wireless Testing - Bear Market Blues - GSM Mekong Summit

March 24, 2008

Kuomintang Wins Taiwan - Business Gains on Gradual Reunification - Chinese Markets Bearish

March 17, 2008

Shanghai Bubble Burst? Beijing Election - A Special Comment on Tibet

March 12, 2008

Beijing Plays Musical Chairs: Report on the National People’s Congress - Chinese Stocks Tank!

March 5, 2008

Markets Plunge - Sovereign Wealth Fund - IPOs - National People's Congress convenes

February 21, 2008

Private Equity Buys Chinese - Macro Update - Sovereign Wealth Fund IPOs - more!

February 13, 2008

General Motors Turns Chinese - New China Funds - Coal Boom?

February 6, 2008

Macro Effects of Winter Storms - IPOs - Happy Year of the Rat! - more

January 29, 2008

Chinese Stocks: Correction or Bear? Davos 2008 - IPOs!

January 20, 2008

Four predictions for where Chinese stocks will be in 2008 - plus more!

December 31, 2007

A brief look back at some of the images of 2007

December 20, 2007

Markets Sag - Chevron Gas Deal - Aging Time Bomb? - Property ETF - IPOs - more!

December 10, 2007

US-China Summits in Beijing - QFII Up to $30 Billion (US) - IPOs losing steam?

November 27, 2007

Chinese Stock Prices Melt - Sarkozy Up to Beijing - IPO Updates - Will Trent Lott Lobby for Taiwan?

November 20, 2007

Currency Crisis! Dollars Drained by China, OPEC Continue Down - Inflation

November 14, 2007

Time to Short China's Yo-Yo Market? - Mining In or Out? IPOs - more

November 2, 2007

Oil Shock! Price Problems At the Chinese Pump - Stocks: Where's the Correction?

October 24, 2007

SPECIAL REPORT: 17th Party Congress - Shanghai Bubbles? - Market Numbers

October 15, 2007

China Bull Run Gets New Highs - PetroChina - IPOs - Money - more

October 9, 2007

Chinese Stocks Up & Up - IPOs - Iron & Steel - Pacific Pipeline - more

October 4, 2007

Hong Kong Booms - Commodities, Inflation, Oil at $100 a barrel? - more

September 25, 2007

UAW Tells GM No Jobs For China - Markets Hit 5,500 - China's Auto Industry - IPOs

September 19, 2007

New IPOs Rock Shanghai! But is Resistance Building? A Big Push for Private Equity…

September 10, 2007

Report on APEC 2007 - Energy Security - Markets Update - IPOs in Hong Kong

August 30, 2007

Chinese Stocks Stay Up - Big Bond Sale - IPOs - Upcoming Party Congress

August 22, 2007

China Stock Markets Get Higher But For How Much Longer? - Surprise Rate Hike - IPO Update

August 14, 2007

China Toy Recall - Markets & IPOs - Western Banks Catch Asian Flu?

August 6, 2007

Shanghai Composite Busts Past 4,600 - Beijing Bets on Banks - Chinese IPOs in Japan

July 31, 2007

China Stocks Up Again & Again! - Pussyfooting Around Currency? - Democracy in Japan?!

July 25, 2007

Will Barclay's Turn Chinese? 2Q/H1 Macro Report + IPOs!

July 19, 2007

Food Fight! China-USA sling hash / Peak Oil? / Markets Flat Line...

July 10, 2007

Chinese markets confused? Big IPOs - Chery+Chrysler

June 27, 2007

COSCO - China Mobile - IPOs - Telecom Mergers & Acquisitions

June 21, 2007

New Record Highs in Hong Kong, Shanghai: Will Beijing Put On the Squeeze? - IPOs & more

June 15, 2007

Fundamental Misalignment: US-China currency war - stock markets up & IPOs

June 7, 2007

China Stock Pop - Hot News items - climate change, tainted food...

May 31, 2007

Chinese stock markets hiccup - IPOs - USA-China Trade Gap

May 25, 2007

Report on the 2nd USA/China Strategic Economic Dialogue: Win-Win or When-When? - Market numbers - New IPOs

May 18, 2007

New life for Hong Kong? IPO Update - USA/China summit

May 11, 2007

Will Shanghai end up like NASDAQ or Nikkei? - IPOs

April 30, 2007

Tulips to Dotcom - is Sino Mania the next big bubble?

April 20, 2007

The Heat is on! - IPO Report - Air Pollution in China

April 15, 2007

China markets, IPO update, Beijing Ready for Olympics?

March 30, 2007

China markets up, up, up! Sinomania! goes to China

March 23, 2007

Focus on National People's Congress... Hi-Tech, IPOs

March 17, 2007

China's new investment strategy, IPOs, the Wrap...

March 7, 2007

China syndrome or hong bao bounce? New IPOs... more!

February 27, 2007

China Stock Market Yo-yo, new IPO issues, the wrap

February 17, 2007

Chinese New Year edition! Will China buy Chrysler & more!

February 9, 2007

The USA-China WTO trade dispute and New IPOs

February 1, 2007

IPOs: New Red Chip — Bubble Burst? — USA-China

January 26, 2007

BUBBLE TROUBLE? — IPOs on NASDAQ — Renminbi Yuan

January 20, 2007

IPOs in 3 hot sectors — BAOSteel — Macro Report

HKEX Hang Seng Shanghai
SSE Shanghai Hong Kong
SZEX Shenzhen Beijing
MUSIC in China: Listen!

TRANSCRIPT: Mergers and consolidation in Chinese telecom sector, major changes in Shanghai could see foreign firms listing share offers in China, business news, and an update on the economic impact of the Sichuan earthquake disaster ...
Sinomania! Volume II Webisode 58, June 2, 2008

Will Shanghai Stocks Go International?
Big Mergers in Chinese Telecoms;
Iron Ore, Taiwan, Foreign Exchange,
and the Sichuan Earthquake:


American businesses may soon be able to list on Shanghai in a stunning change anticipated by NYSE Euronext Inc. CEO Duncan Niederauer and Business Development VP David Shuler are working closely with the China Securities Regulatory Commission on a project to offer shares in the exchange company as a test and example of foreign listings in China. If successful, many American companies could be interested in a Shanghai listing. That could led to a massive shake up between the world’s big stock exchanges. Something to watch closely!


The long anticipated restructuring of China’s telecom giants is underway. China Unicom will buy the shares of China Netcom at a 3% premium over the last share price prior to halt of trading May 23. As combined the new firm, which will probably use the China Unicom brand, will have a market capitalization around $63 billion US dollars and a range of services from mobile phones, fixed line, and broadband delivery. It will sell its CDMA business to China Telecom.

Meanwhile China Mobile, the world’s biggest mobile phone provider, will buy China Tietong or Railway Telecommunications, the smallest of China’s fixed-line operators.

Part of the restructuring will require use of China’s home grown standard, TD-SCDMA, that being rolled out but still being refined. There will be much more activity in this sector over the short term with the potential for more mergers and share price volatility.


According to Zhang Xiaogang, head of the China Iron & Steel Association, talks with Australia may conclude with an agreement on prices by the end of June. Chinese steel-makers, led by giant Baosteel group, want an annual term contract and are playing Australia against Brazil. Australian producers such as BHP Billiton want more than an 80% increase due to freight costs. But earlier China along with Japan and (South) Korea got Brazil to agree to a price increase of 65% to no more than 71%.


A further sign of the growing links between Taiwan and the mainland, Chinese and Taiwan officials are in talks to allow UnionPay, the dominant national ATM network of China, to place ATMs in Taiwan as early as July when the first wave of Chinese visitors to the island may begin. The UnionPay ATMs would introduce Renminbi currency into Taiwan and could some day lead to its acceptance or even circulation on the island.


As of the end of April China’s forex reserves swelled to over one and three quarters trillion US dollars ($1.76 trillion) by far the largest foreign reserves in the world. As Chinese exports have slowed the increases are coming largely from investment inflows and some analysts believe as much as $50 billion “hot” or speculative money may be circulating.


Three weeks in and devastation is still being assessed from the earthquake disaster in Sichuan Province. Over 69,000 are confirmed dead and damages are valued at over $10 billion US dollars. Around five million people may be homeless. Almost $6 billion US dollars in donations has been raised so far much of it from Chinese donors in a massive national outpouring of sympathy and help.

The relief effort is enormous and Beijing’s willingness to allow outsiders and their support into the region is doing more to bring Chinese closer to the world outside than the Summer Olympics could ever hope to.

Stay tuned for my trip report on China, Taiwan, and the eastern Caribbean next!

I’ll see you next time on The Sinomania! Show!

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