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    2007-03-02

    China's Private Equity Mkt

    Time to read "The Intelligent Investor" instead of "Jim Cramer's Real Money". Both are outstanding books due to the authors' deep understandings about stock markets, just different focuses.

    Resources related industries like real estate are just first step in reform. Private equity market would be the next and also a signal of a more mature market. It's something which can fundamentally change the structure.

    Of course, current uncertain and unregulated China's private equity market would see more bystanders instead of explorers. Some forerunners' wrongdoings only deepen people's misunderstanding on this change. But there is going be the first and that day isn't far away. No need in a rush but stay in the game.

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