Pls keep focusing on Chinese ADR in USA.
The U.S. stock market bubble was about to mutate into a housing and consumption bubble in the U.S. and that China was likely to be the next destination for the world’s capital. The chart below shows in bas-relief how evident this migration has been:
Since 1999, the U.S. has lost 50% of its spaces on the top 20 list and about a third of its global market cap.
Compared to their total absence on the same list in 1989 and 1999, China’s growth appears all the more incredible. Companies like PetroChina(PTR), China Mobile and Bank of China are well within striking range of the top three positions. Also, don't forget China life insurance(LFC).
1 comment:
It is good to know this, although it may remind many people the unhappy end of many Japanese companies that were once in this list.
I didn't do research. But I am thinking the reason why more Chinese companies in the Top 20 list than USA's is caused by the more concentrated structure. If we compare the world's biggest 500 or 1000 companies, we may see Americans lead a lot.
Bless China, our homeland!
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