Vision OP China Share Discussion Threads

[ppowerscourt] 26/10/2009 09:56

RNS Number : 0663B
Vision Opportunity China Fund Ltd
20 October 2009


Vision Opportunity China Fund Limited
(the "Company" or "VOC")
Notification of Holding

Vision Opportunity China Fund Limited ("VOC") (AIM: VOC.L), a closed-ended fund
traded on AIM that invests in companies with operations principally within
Greater China, today announces that on 15 October 2009 it was notified that as
at 15 October 2009 QVT Financial LP, as investment manager for QVT Fund LP and
Quintessence Fund L.P., was interested in an aggregate amount of 7,953,314
ordinary shares of the Company, which represents 12.01% of the Company's issued
share capital. QVT Financial LP previously reported holdings of 13,953,316
shares.

----------------------------------------------------------------------------------------
23rd October 2009
Vision Opportunity China Fund Limited
(the "Company" or "VOC")
Notification of Holding


Vision Opportunity China Fund Limited ("VOC") (AIM: VOC.L), a closed-ended fund
traded on AIM that invests in companies with operations principally within
Greater China, today announces that on 22 October 2009 it was notified that as
at 22 October 2009 QVT Financial LP, as investment manager for QVT Fund LP and
Quintessence Fund L.P., was interested in an aggregate amount of 6,703,314
ordinary shares of the Company, which represents 10.13% of the Company's issued share capital. QVT Financial LP previously reported holdings of 7,953,314
shares.

For further information, please contact:

Vision Opportunity China Fund Limited
David Benway / Adam Benowitz
Tel: [phone]
-----------------------------------------------------------------

[ppowerscourt] 23/10/2009 20:14

Dow being slaughtered on a Friday night and my Canadian portfolio sinking into red rapidly. VOC's big three as mentioned in previous post all went up with LIWA leading a whopping 87 cents jump.

[ppowerscourt] 23/10/2009 14:20

Topped up yesterday. Because

LIWA, QKLS, CBEH on USA side all stopped sliding after strong runs. Can't get SKII on my watch monitor.

[ppowerscourt] 21/10/2009 19:49

Voc is holding up well; USA:LIWA has been going down steadily, now below US$8.00

[andrbea] 20/10/2009 13:36

p-p

there's another float (just yesterday in fact) of a Chinese tiddler

ticker: cpeh

I've started a new thread

cpeh is up from float price 1.80$ (Monday open) to current price 2.62$

[ppowerscourt] 20/10/2009 13:12

Chinese companies - only big caps are worthwhile if buying in HK or China. Sectors of interest are: Banks, Airlines, and the emerging sector of Insurance as the newly found wealth of her citizens would want protection such as insurance.

For at-a-glance picture, look at FXC.

[ppowerscourt] 20/10/2009 09:41

There's been a series of articles in the Daily Telegraph highlighting the increase of mafia activities infiltrated and graduated into PLCs in mainland. I'm shocked. The sectors littered the mafia infiltratation are construction and car-parts raw materials and manufacture. Chongqing in Sichuan has seen the biggest crackdown by the government party. The local media has been claiming mafia members are working hand-in-hand with C-Party members and cadres. Ceasless mafia wild-fire spreading like a plaque.

The already intransparent Chinese plcs now has another layer of corruption enveloping them, making selection amongst them almost impossible.

[ppowerscourt] 19/10/2009 22:54

Hi chums,

The time has arrived. Actually I'm following the Hang Seng Index and FXC more these days than the DOW.

From the Telegraph:

China calls time on dollar hegemony

Beijing does not need to raise money abroad since it has $2 trillion (£1.26 trillion) in reserves. The sole purpose is to prepare the way for the emergence of the yuan as a full-fledged global currency.

"It's the tolling of the bell," said Michael Power from Investec Asset Management. "We are only beginning to grasp the enormity and historical significance of what has happened."


Related Articles
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Is this the death of the dollar?


"China may seek to diversify reserves, World Bank President Robert Zoellick saysIt is this shift in China and other parts of rising Asia and Latin America that threatens dollar domination, not the pricing of oil contracts. The markets were rattled yesterday by reports – since denied – that China, France, Japan, Russia, and Gulf states were plotting to replace the Greenback as the currency for commodity sales, but it makes little difference whether crude is sold in dollars, euros, or Venetian Ducats."

What matters is where OPEC oil producers and rising export powers choose to invest their surpluses. If they cease to rotate this wealth into US Treasuries, mortgage bonds, and other US assets, the dollar must weaken over time.

"Everybody in the world is massively overweight the US dollar," said David Bloom, currency chief at HSBC. "As they invest a little here and little there in other currencies, or gold, it slowly erodes the dollar. It is like sterling after World War One. Everybody can see it's happening."

"In the US they have near zero rates, external deficits, and public debt sky-rocketing to 100pc of GDP, and on top of that they are printing money. It is the perfect storm for the dollar," he said.

"The dollar rallied last year because we had a global liquidity crisis, but we think the rules have changed and that it will be very different this time [if there is another market sell-off]" he said.

The self-correcting mechanism in the global currency system has been jammed until now because China and other Asian powers have been holding down their currencies to promote exports. The Gulf oil states are mostly pegged to the dollar, for different reasons.

This strategy has become untenable. It is causing them to import a US monetary policy that is too loose for their economies and likely to fuel unstable bubbles as the global economy recovers.

Lorenzo Bini Smaghi, a board member of the European Central Bank, said China for one needs to bite bullet. "I think the best way is that China starts adopting its own monetary policy and detach itself from the Fed's policy."

Beijing has been schizophrenic, grumbling about the eroding value of its estimated $1.6 trillion of reserves held in dollar assets while at the same time perpetuating the structure that causes them to accumulate US assets in the first place – that is to say, by refusing to let the yuan rise at any more than a glacial pace.

For all its talk, China bought a further $25bn of US Treasuries in June and $25bn in July. The weak yuan has helped to keep China's factories open – and to preserve social order – during the economic crisis, though exports were still down 23pc in August. But this policy is on borrowed time. Reformers in Beijing are already orchestrating a profound shift in China's economy from export reliance (38pc of GDP) to domestic demand, and they know that keeping the dollar peg too long will ultimately cause them to lose export edge anyway – via the more damaging route of inflation.

For the time being, Europe is bearing the full brunt of Asia's currency policy. The dollar peg has caused the yuan to slide against the euro, even as China's trade surplus with the EU grows. It reached €169bn (£156bn) last year. This is starting to provoke protectionist rumblings in Europe, where unemployment is nearing double digits.

ECB governor Guy Quaden said patience is running thin. "The problem is not the exchange rate of the dollar against the euro, but rather the relationship between the dollar and certain Asian currencies, to mention one, the Chinese Yuan. I say no more."

France's finance minister Christine Lagarde said at the G7 meeting that the euro had been pushed too high. "We need a rebalancing so that one currency doesn't take the flak for the others."

Clearly this is more than a dollar problem. It is a mismatch between the old guard – US, Europe, Japan – and the new powers that require stronger currencies to reflect their dynamism and growing wealth. The longer this goes on, the more havoc it will cause to the global economy.

The new order may look like the 1920s, with four or five global currencies as regional anchors – the yuan, rupee, euro, real – and the dollar first among equals but not hegemon. The US will be better for it.

[hectorp] 16/10/2009 13:45

Thanks for your helpful comments , pp.
H.

[ppowerscourt] 16/10/2009 07:52

Andrbea:

I know about Zeehan Zinc which ended up doing nothing. Creat is the new owner and driver now. I bought small in haste yesterday based on lithium metal potential of ASX:Galaxy whose 19% stake was bought by the rich Chinese man associated with CRHL. This does not mean CRHL bought GXY, does it? Please can you clarify this?

Thanks,

pp

[ppowerscourt] 16/10/2009 07:47

Morning Hector,

Only small amount into CSI. 2 yrs is a long time for me. Thanks.

Why is it that so many good Chinese PLCs list and find success in foreign lands' stock exchanges? The answer is simple by deduction. Chinese Exchange, if like how things are done generally in the Far Eastern nations, are intransparent, corrupt and dependent of who you know. That's why. We do have to step carefully. VOC, that's why I said I can trust their directors. Lihua went down yesterday but VOC stayed even. The Supermarket chain in NE China is a money-spinner as well.

JMCS, JPMorgan Chinese Subscription shares is about 25p, big spread. In the same catagory is JPM Asian Assets, Indian Subscription, etc.

pp

[hectorp] 15/10/2009 20:06

I might have to move soon for VOC. ! Sorry still thinking around some things here.

[hectorp] 15/10/2009 19:55

pp, hope you have great fortune with CSI. Only need a 1-2 year view here for considerable upside, IMO.
Sterling very strong day, so I will put off my purchase of VOC. Japan-China getting together now seeing we have a new Government there. I'm underweight Japan ( I have nothing! ) That is wrong, Japan Yen may rally strongly next year.
As you might see, I'm regrouping to get back into Far East, after about 1 year away, in gold and oil.
I hope not too late.. I do not think the US has understood how the economic world will change yet again in the next 3 years and a lot of the upside will relate to China and Japan currency and materials deals etc.
I am moving some of my gold and metals gains of the last 6 months into emerging markets, while saving 50-60% in gold and silver positions, and certain gold plays as you know, eg POG and POGW, MML. MML is utterly brilliant , always to add to in any retracement. Produces gold at $200 an ounce in the Phillipines.
PS how do you like Melchior Investment Trust ( small cap Japan) ? same qn to andrebea
H.
H.

[ppowerscourt] 15/10/2009 15:55

Lihua International, Inc. is a copper clad aluminum (CCA) superfine magnet wire producers in China. The Company operates in the bimetallic wire manufacturing industry. It sells its products in China either directly to manufacturers or through distributors in the wire and cable industries and manufacturers in the consumer electronics, white goods, automotive, utility, telecommunications and specialty cable industries. The Company produces CCA magnet wire with a line diameter in the range of 0.03 millimeter to 0.18 millimeter. The production process involves drawing, annealing and coating the CCA wire. Its products are sold in the form of raw wire, enameled magnet wire and tin plated wire. Raw wire is procured by smaller wire manufacturers for further processing. Magnet wire is the basic building block of a range of motorized appliances and is mainly used for electrical conductivity. Tin plated wire is primarily used for the transmission of audio and visual signals.
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I posted that for my own education. Interesting that the CCA wires are produced for Chinese market consumption solely yet listed in USA. Just like WCC which produces cement for the Chinese market in China but listed on UK AIM.

[ppowerscourt] 15/10/2009 15:48

Thanks Andrbea.

CRHL looks interesting, very interesting.

pp

i signed in as 2ngawang on the CRHL bb.

[ppowerscourt] 14/10/2009 15:14

Hector,

I bought into TSE:CSI today. Betting on gold against world currencies. POGW has a rediculous spread but perhaps the share warrants it.

pp

[ppowerscourt] 14/10/2009 15:10

Copper wire production! Just what the doctors ordered for China's relentless growth in infrastructure and buildings throughout their sphere. Now I understand LIWA and VOC.

[ppowerscourt] 14/10/2009 15:07

Thanks Andrbea.

VOC is a good show re their holdings in China-operated companies. I've never seen a share which goes up a little per day for such a long duration.

For uranium, I am heavily invested in KAH, URU, EML, TSX:NWT and HK:575 and ASX:EXT. Will look at GCLS; I was once in GCL a while back.

pp

[andrbea] 14/10/2009 15:06

news at LIHUA

Lihua announces production capacity expansion (Oct 12)

The company has begun production on four new proprietary high speed manufacturing lines. The new lines increase Lihua's copper wire capacity from 1,000 metric tons per month to 1,500 metric tons per month and CCA wire capacity from 500 metric tons per month to 600 metric tons per month. :theflyonthewall.

ticker (liwa)

liwa up 3% at open

[andrbea] 14/10/2009 13:49

for p-p (off-topic)

see my post on gcls thread:



andrbea - 14 Oct'09 - 13:43 - 3 of 4 edit




kenmitch - 18 Sep'09 - 20:07 - 2415 of 2430


Agree totally re the warrants/sub shares in the last two posts.

Several warrants are incredibly cheap - as long as markets can continue their run.

/...

URANIUM FANS can go for Geiger Counter shares OR their sub shares. GCLS. Now 7p. If the shares can rise from 60p to £1 by expiry in January 2011 the warrant will nearly quadruple. And what if there is another uranium bubble? The Managers seem very confident and some of their top holdings are soaring.

[andrbea] 14/10/2009 12:34

Tuesday, October 13, 2009

Vision Opportunity China says NAV up 125%, expects further growth in China

[andrbea] 14/10/2009 12:33

that first firm was a relevation:

For the 12 months ended June 30, 2009, QKLS achieved record revenue of US$220.7 million, up 107.5% from a year ago; net income was US$12.7 million, up 157.2%.