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Zennon Kapron

Betting on the Dragon: Chinese investor behaviour

The Shanghai stock market continues to defy expectations -- up nearly 100% in 2007. Most of the commentary on the Shanghai market depicts the average Chinese investor as unknowledgeable and following...

20 Nov 2007
Asia Financial Services
Zennon Kapron

Plastic China

According to a recent statistic published by China Union Pay, Chinese banks have issued more than 1.3 billion debit, credit and ‘quasi’-credit cards through the end of September. This means that, on ...

07 Nov 2007
Asia Financial Services
Zennon Kapron

GE loses on Shenzhen Dev Bank - Karma doesn't work in China

Two years ago in 2005, GE agreed to buy a 7% stake in Shenzhen Development Bank, which at the time was worth US$100M. However, the deal had been held up due due to disagreements amongst the sharehold...

24 Oct 2007
Asia Financial Services
Zennon Kapron

Bear in the China Shop

Not to miss the ‘invest in China’ boat, yesterday, Bear Stearns and Citic Securities announced a co-investment partnership agreement. If everything is approved by the regulators, which it likely will...

23 Oct 2007
Asia Financial Services
Zennon Kapron

China: Stock Dormancy

For the past few weeks, most of the major news in China has centred on the Communist Party Congress. This is an pretty important event in China that happens once every 5 years and usually results in ...

18 Oct 2007
Asia Financial Services
Zennon Kapron

China: Profits up, NPLs down

The China Banking Regulatory Commission recently reported Chinese banking industry numbers and for a brief comparison: Profits: 1H2007 - 268.97 billion yuan (35.8 billion U.S. dollars) FY2003 – 32.28...

08 Oct 2007
Asia Financial Services
Zennon Kapron

Dubai: If you build it...

So whilst everyone was making final preparations for SIBOS this past weekend, I was in Dubai keeping good on a long standing promise to visit a friend. If you haven’t been to Dubai before, I’d stron...

03 Oct 2007
Zennon Kapron

China: Barbie and Goldman

Lead Toys With recall troubles dating back to 2005 when a toddler in the US ate a loose magnet and later died, the toy manufacture Mattel has been in the centre of a toy recall that has thousands of c...

25 Sep 2007
Asia Financial Services
Zennon Kapron

Singapore: Bubble? What bubble?

On a recent trip to Singapore, I was shocked to see that the 3 bedroom flat that I used to rent with a few people in 2004 for SGP$2,100 was now renting for SGP$4,300. Just over double in 3 years. No...

17 Sep 2007
Asia Financial Services
Zennon Kapron

intel inside China

This past weekend Craig Barrett was in China for the ceremonial groundbreaking on the brand spanking new site for Intel’s latest US$2.5B factory or “fab”. Scheduled to start production in 2010, the fa...

11 Sep 2007
Asia Financial Services
Zennon Kapron

China: Flying and Banking

This week Singapore Airlines (SIA) bought a ~16% stake in China Eastern, a domestic Chinese airline, which is in the worst financial condition of the big three Chinese carriers. This by itself is grou...

07 Sep 2007
Asia Financial Services
Zennon Kapron

China: You can invest abroad...but not quite yet.

China, well known for its capital controls, made some steps towards loosening those controls for individual investors last month with the announcement that individual mainland Chinese investors would ...

04 Sep 2007

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