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Rags to riches
HOME > PAST ISSUE > REPORTS [Premium content]February 2007
Investors have propelled domestic exchanges to unprecedented heights. Can the good times last?
When Beijing lifted a year-long ban on new domestic listings last May, the question was whether the market could support new offerings. Eight months later the new question is: how long can the bull run?
Of the world's markets, only Caracas outshone Shanghai and Shenzhen in 2006; they climbed 130.57% and 127.85% respectively. This stellar performance came after mainland stock markets halved in value between 2001 and June 2005, to hit an eight-year low.
Of the world's markets, only Caracas outshone Shanghai and Shenzhen in 2006; they climbed 130.57% and 127.85% respectively. This stellar performance came after mainland stock markets halved in value between 2001 and June 2005, to hit an eight-year low.
Undervalued earnings
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