Normal
The Govt are at it again;http://www.bloomberg.com/apps/news?pid=20601087&sid=a1S1czxMM0BM&refer=homeOpening up arbitrage opportunities for shares that are dual listed in US and China to try and halt the upward rise in China.Couple of interesting points in article;- Shares trade on average at 56 times earnings in China- Sinopec trades at 36 times earnings in China and 18 times in the USXTJ
The Govt are at it again;
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1S1czxMM0BM&refer=home
Opening up arbitrage opportunities for shares that are dual listed in US and China to try and halt the upward rise in China.
Couple of interesting points in article;
- Shares trade on average at 56 times earnings in China
- Sinopec trades at 36 times earnings in China and 18 times in the USX
TJ
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