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China

General discussions about equity high-yield income strategies
monabri
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China

#131808

Postby monabri » April 12th, 2018, 10:44 pm

I came across this article in the Daily Mail.

http://www.dailymail.co.uk/money/market ... ectly.html

It outlines a tie up whereby UK shareholders can buy shares directly in Chinese companies on the Shanghai Stock exchange and vice versa on the LSE.

Might be worth a bit of research into Chinese companies?

Dod101
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Re: China

#131812

Postby Dod101 » April 12th, 2018, 11:29 pm

Do not be even tempted. Regulation on the Shanghai Exchange hardly equates to Western standards and that is not saying much. Furthermore, I would think that the actual standards of morality etc is not exactly up to our standards. If you wish to buy Chinese companies have a look at those quoted in Hong Kong. The HK exchange will not be up to ours but at least they are trying.

Or you could simply by Scottish Mortgage which probably holds most of the Chinese companies worth holding.

Why on earth would you be influenced by anything that a newspaper writes on investment? I actually think that the Daily Mail is not too bad in this area!

Dod

monabri
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Re: China

#131819

Postby monabri » April 13th, 2018, 12:07 am

Conversely, there might be a lot of "new money" flowing in to the UK market from newly affluent Chinese middle class looking for investment in "British Companies" in a more regulated market.

I wasn't exactly advocating buying (and I take your caution on board, Dod) but merely researching into CHYP ( Chinese HYP candidates)...do they exist? The list of reliable UK HYP companies seems to be decreasing. The debates on SSE, NG, IMB,GSK (GNK, MARS) etc etc on the HYP Practical board have been numerous.

I would imagine that any the up would have some protection for UK investors via regulation?

(Perhaps I should include HK based companies in the discussion).

Wouldn't SMT holdings be selected on growth potential rather than income?

Dod101
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Re: China

#131822

Postby Dod101 » April 13th, 2018, 12:33 am

I think that SMT Chinese holdings are held for their growth potential and not for income. I am also quite sure that they are held in a form that gives maximum protection to the investor. Whether there are any CHYP shares? I have no idea nor do I know if the FCA or some such would be able to give some protection. As a UK tax payer, I would hope not unless the share is quoted in London.

Dod

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Re: China

#131953

Postby richfool » April 13th, 2018, 1:16 pm

I would get whatever exposure to China, that I may want, by way of Asian Pacific sector IT's.

IT's such as:

J P Morgan Asian IT - (JAI). China - 34%
Pacific Horizon IT - (PHI). China - 39%
Henderson Far East Income IT - (HFEL). China - 28%

http://citywire.co.uk/money/investment- ... undID=3015

http://citywire.co.uk/money/investment- ... undID=3141

http://citywire.co.uk/money/investment- ... undID=2963

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Re: China

#132352

Postby Charlottesquare » April 15th, 2018, 5:13 pm

FIDELITY CHINA SPECIAL SITUATIONS PLC (FCSS) ORDINARY SHARES 1P

Certainly not high yield but predominantly China, I have based some of my China/Hong Kong exposure through the above, buying in stages since August 2015. This shows 43% capital growth but is not high yield so is somewhat off topic here.

My other Investment Trust from the "broad region" are not China centred, Aberdeen Asian has a limited China exposure (About 8.5%) but a more respectable 4.43% div yield, Henderson Far East currently has a circa 19.7% weight to China and a div yield of 5.78%

I have struggled to find an IT mainly re China with a high yield though there may be one out there.

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Re: China

#132714

Postby Wizard » April 17th, 2018, 8:17 am

https://www.ft.com/content/2cb37958-af6 ... 21c713abf4

It is only three years since the LSE was forced to remind Nomads of their duties of due diligence after a string of Chinese executives demonstrated their disregard for western principles of governance and shareholder rights. More than a dozen Chinese companies, including shoemaker Naibu Global, have been rejected from Aim.

And that one time Chinese sports shoe maker discussed so much on TMF...

https://www.ft.com/content/a5b43b32-b79 ... 144feab7de

On Wednesday, Naibu’s UK-based non-executive directors said they had received no responses to their enquiries from Lin Huoyan, Naibu’s chairman and co-founder, and its executive director Lin Congdeng — and, as a result, could not assess the company’s financial performance...

...Two of Naibu’s top three shareholders at the time of its April 2012 Aim debut, which raised £6m and at the time gave it a market value of £88m, have steadily sold off all of their stock in the company over the last two years.

And that is with a UK listing, be very careful!


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