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 Let’s Trade - Global Trading

Global Trading is a product of E-Trade that allows you to trade online with the local currencies in 6 markets Including Canada, France, Germany, Hong Kong, Japan and  UK. It provides a way, other than using ETF, to make money from the China boom.

Although you still cannot trade the China A-shares with the global trading from E-Trade directly, you can trade the H-shares listed in Hong Kong. You can also invest in A-shares through ETF. You cannot take the advantage directly from the appreciating Yuan either. However, the Hong Kong dollar exchange rate is fixed. You don’t have to worry about the fluctuation in exchange rate. 

The most popular sectors of H-shares are banking and insurance. There is only one of them (NYSEC:LFC) in the above sectors traded in the US.

The followings are the most common H-shares and ETFs traded in Hong  Kong.

Banking
  • Bank of China
    • Traded on both Hong Kong exchange (HKG:3988) as H-share and Shanghai exchange (SHA:601988) as A-share.
    • Second largest commercial bank in China
    • Net income grew 52% in 2006.
    • Number 215 in the ranking of Fortune Global 500 in 2007.
  • Bank of Communications Co., Ltd.
    • Traded on both Hong Kong exchange (HKG:3328) as H-share and Shanghai exchange (SHA:601328) as A-share.
    • One of the biggest commercial bank in China.
    • Net income grew 33% in 2006.
    • HSBC (NYSC:HBC) is holding 19.9%t stake of the bank.
  • China Construction Bank Corporation
    • Traded on Hong Kong exchange (HKG:0939) as H-share only.
    • One of the biggest commercial bank in China.
    • Net income was down 1.7% in 2006.
    • Bank of America (NYSC:BAC) is holding 8.5% stake of the China Construction Bank with an option to increase to 19.9%.
  • China Merchants Bank Co., Ltd.
    • Traded on both Hong Kong exchange (HKG:3968) as H-share and Shanghai exchange (SHA:600036) as A-share.
    • One of the biggest commercial bank in China.
    • Net income grew 81% in 2006.
  • Industrial and Commercial Bank of China
    • Traded on both Hong Kong exchange (HKG:1398) as H-share and Shanghai exchange (SHA:600036) as A-share..
    • The largest commercial bank in China.
    • Net income grew 31% in 2006.

Insurance
  • China Life Insurance Company Ltd.
    • Traded on both Hong Kong exchange (HKG:2628) as H-share and Shanghai exchange (SHA:601628) as A-share. It is also listed on New York exchange (NYSC:LFC)
    • Provides products include individual life insurance, group life insurance, accident and health insurance
    • Number 192 in the ranking of Fortune Global 500 in 2007.

 
  • Ping An Insurance (Grp) Co of China Ltd.
    • Traded on both Hong Kong exchange (HKG:2318) as H-share and Shanghai exchange (SHA:601318) as A-share.
    • Provides insurance products with a focus on life, property, casualty, banking and corporate.
    • Net income grew 85% in 2006.
  • PICC Property & Casualty Co., Ltd
    • Traded on Hong Kong exchange (HKG:2328) as H-share only
    • A non-life insurance company.
    • Provides insurance products covering motor, commercial property, cargo, liability, injury.
    • Net income was up 121% in 2006.

ETF for A-Shares
  • iShares FTSE/Xinhua A50 China Tracker
    • Traded on Hong Kong exchange (HKG:2823) as ETF.
    • An index ETF from iShares Asia of Barclays Asia.
    • The fund invests in 50 A-shares traded on Shanghai exchange through QFII.
    • The price was double in 2006 and up more than 60% in 2007 so far.

 

NEXT - strategy for bubble stock market

Make Some Money from the China Boom

   
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