There was an interesting article flagged by our people on the ground in Asia today considering the ramifications of a government sponsored stabilization fund.
Per the Shanghai Daily, "China's social security fund will stabilize its stock investments to lay a foundation for better returns during the next two years, according to Dai Xianglong, chairman of the National Council for Social Securities Fund."
I am starting to warm up to getting long China ahead of the inevitable Olympic hype. I have not owned anything China in over a year, so this statement should be considered within the bearish view I've held.
*Full Disclosure: I own the Chinese ETF (FXI)
KM
Per the Shanghai Daily, "China's social security fund will stabilize its stock investments to lay a foundation for better returns during the next two years, according to Dai Xianglong, chairman of the National Council for Social Securities Fund."
I am starting to warm up to getting long China ahead of the inevitable Olympic hype. I have not owned anything China in over a year, so this statement should be considered within the bearish view I've held.
*Full Disclosure: I own the Chinese ETF (FXI)
KM
Long China Now?