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RMB2.7 for foreign people, RMB 16: rich Chinese, RMB 25: middle income Chinese [Copy link] 中文

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Post time 2011-6-22 09:48:01 |Display all floors
In 2004, Chinese government officials sold government-own banks, 1 billion shares of Chinese Industrial Bank, a share at RMB 2.7, to foreign investors.

http://finance.eastmoney.com/070203,559491.html

In 2007, Chinese government officials sold 1.3 billion shares of this company, a share at RMB 16, to domestic investors during IPO
(According the regulations made by those Chinese government officials, little of opportunity to get a share for ordinary Chinese during IPO).

In 2007, ordinary Chinese had the opportunities to buy this company, a share at RMB 25, in stock market.
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Post time 2011-6-22 11:39:48 |Display all floors

Work first, Invest later and reap the benefits.

Chicken and Egg issue!

Be rational, Be smart, Be patriotic, Be pragmatic, Be selfless, Be self indulgent.

cheerios!

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Post time 2011-6-22 11:47:45 |Display all floors

Reply #1 468259058's post

RMB2.7 for foreign people, RMB 16: rich Chinese, RMB 25: middle income Chinese



good find.
It says a lot.
Lot more than is discuss in public.

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Post time 2011-6-22 11:54:41 |Display all floors

Reply #3 Revolutionar's post

YOU ARE SILLY, mr. Arab revolutionar

THIS IS "special chinese communication" method.
I think I'll call it "mirror talk" - or "double talk" - it seems like a lament but LOOK AT IT in a different way

"The shares of a state own company has improved from Rmb2.7 to Rmb25" in only a decade!

GET IT?

ha ha ha

cheerios!

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Post time 2011-6-22 12:01:19 |Display all floors

Reply #4 greendragon's post

2.7 for foreigners
25 for citizens.


great country.


now worth  5.80 hahahaha

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Post time 2011-6-22 12:05:55 |Display all floors

Reply #5 Revolutionar's post

SERIOUS?

STOCK market plummet in China recently.
Was it reported?

cheerios!

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Post time 2011-6-22 13:03:19 |Display all floors

Reply #6 greendragon's post

more serious to come.

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