Looks like a rocky year ahead for the Chinese stock market; the Shanghai Stock Exchange is down 22.65% in 2016.
It seems that one needs to have political connections in China, to achieve an IPO and enter the stock market. According to such data:
“Of politically connected firms, 92 percent that falsified financial reports and 90 percent that violated laws were not prosecuted by regulatory authorities.”
More and more, such “monkey business” appears to be business as usual in China, that is anticipating the Year of the Monkey on February 8th.
2016 is the Year of the Monkey.
Not everything is lost, however, as the Chinese have discovered other means of funneling funds out of China: domain names.
While Western domain investors perceive this massive – in volume – activity to be a legitimate exchange of intangible assets, a lot of it can be seen as the spill-over effect of some crafty game that started in Hong Kong.
China will eventually deliver a correction that might surprise some, and don’t tell us we didn’t show you the writings on the walls.
In the meantime, we’re tracking short domain sales in the Chinese domain market. There’s no doubt that activity reflects the size of the Chinese stock market and country overall.
Some data is provided by BenMi.com, the Chinese domain sales tracker that’s much better than ChaoMi.
Here are today’s domain names:
cgn.cn
xzn.cn
yfz.cn
ywc.cn
455.com
mpq.com
shh.com
xpf.com
yqn.com
yqt.com
zqh.com
zxl.com
blqs.com
ckjf.com
srlq.com
