Saturday, November 3, 2007

Chinese Stock Market Crash


China Mobile, China's biggest mobile operator, has a market cap of $380 billion. More than Vodafone, America Movil en NTT Domoco … COMBINED...

PetroChina, China's biggest oil company, has a market cap of $450 billion. More than Royal Dutch Shell, Total and BP. Exxon Mobile is the only one that has a larger market cap.

Bank of China, China's biggest bank, has a market cap of $360 billion. That is a HIGHER market cap than Citigroup and Bank of America, COMBINED...

Baidu.com, China's biggest search engine, has a book value below $10, however the latest quote is $410 ...

I am not sure which event will trigger a market crash in China, but I'm pretty sure it won't take too long...

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