Seems like I only have time to post once a month.

Not to worry, not much to say anyhow. The market seems to have picked up a little. My guru says that the market will pick up starting this month (on the chinese calendar). I am fully invested. He's been right so far.

HKG announced a new "ministerial" system. But it seems to be more of the same. Same faces, same portfoilio. We seem to be trying all sorts of things. Paying for continuing education, etc. Hoping to just hold on until the economy improves. Do I have any better ideas. Hell, no! Let's just tighten our belts (yes, that includes the civil service) and wait.

Bank of China (Hong Kong) will be listing in HK in July. Price expected to be around HK$7.72 to HK$11.84. Which represents price to book of 1.5 to 2.3 times. Seems to be a bit high given that HSBC is 2.3 times (roe of 11.7%). Still worth a punt, and if you believe that China will be a world economic power, then you should have this in your portfolio.

Ciao.