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主题: Impression of shanghai (1)
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作者 Impression of shanghai (1)   
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文章标题: Impression of shanghai (1) (861 reads)      时间: 2003-7-29 周二, 02:25      

作者:游客海归商务 发贴, 来自【海归网】 http://www.haiguinet.com

Been in shanghai for a few days, here's some impression to
share with you folks. Fortunately the internet connection
here is pretty decent and I can access most web site
with moderate delay using dial-up connection.

Pudong is very futuristic with all the glassy buildings.
Chatted with a friend who is working at an asset
management company owned by a state-enterprise. It
appears that many institutions has lots of money to invest
but they put too much money in low-yield corporate bonds
yielding 2-3% for 10 -years, even lower than US treasury.
There is no rating agencies in China and the domestic
stock market has been under the cloud of the so-called
"state-owned shares reduce and dump" (sorry for my clumsy
translation) for two years. He's of the opinion that the
finance industry as of right now does not offer real
opportunity for private entreprenuers because of all these
government restrictions. The real money is probably in the
sales and distribution of products in industries such as
pharmaceuticals, autos, etc. Many so-called hi-tech software
company ain't making much money and the margin in software
projects is shrinking quickly.

Most people in the subway appears to be in their low to mid
20's, which makes one feel pretty upbeat Smile Shanghai is
too hot and crowded for a California peasant like me.

作者:游客海归商务 发贴, 来自【海归网】 http://www.haiguinet.com









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