Trading the China Market with American Depository Receipts: How to Play Greater China with a Winning Edge

ISBN-13: 9781118316023 / Angielski / Twarda / 2013 / 192 str.

Alan Voon

Opis

Discover the secrets of trading the Chinese markets with American Depository Receipts Introducing a new way to make virtually risk-free profits, Trading the China Market with American Depository Receipts teaches readers how to successfully trade U.S. listed American Depository Receipts (ADRs) of Chinese stocks . . . by using information that comes to light outside of Asian trading hours, but while the U.S. markets are still open. Filled with successful strategies for profitable trading made possible by interpreting business news to buy or short China ADRs before the information impacts those markets the next day, the book walks readers through this incredible opportunity step-by-step. Filled with case studies that show the success of the strategies outlined, the book explains where to look for price-moving information. Aimed at investors of all types who have access to a brokerage account that can trade U.S. securities--including online brokers--Trading the China Market with American Depository Receipts is the ultimate guide to making money from China in your own backyard.

• Explains incredible new strategies for trading U.S. listed ADRs of Chinese stocks using information released after the Asian markets have closed for the day
• Includes case studies that clearly show how this strategy has worked and continues to work
• Features lists of relevant underlying shares and their corresponding ADRs

A low-risk strategy for profiting from foreign markets, Trading the China Market with American Depository Receipts shows how to use the U.S.-China time difference for profit.

Spis treści

Preface vii

Acknowledgments ix

PART I An Introduction to American Depository Receipts 1

CHAPTER 1 How I Discovered Making Money in China with American Depository Receipts (ADRs) 3

CHAPTER 2 What Are ADRs? 13

CHAPTER 3 Finding and Interpreting News to Enter the Market 39

CHAPTER 4 Trading ADRs 59

CHAPTER 5 Using Leverage Instruments to Enhance Return 77

CHAPTER 6 What Could Go Wrong? 89

PART II ADR Case Studies 99

CHAPTER 7 Case Study 1: An Earnings Surprise 101

CHAPTER 8 Case Study 2: Earnings Disappointments 111

CHAPTER 9 Case Study 3: Government Policy Changes 121

CHAPTER 10 Case Study 4: Material Company–Specific News 129

APPENDIX The Art of Decoding the Earnings Announcement 141
Paul Lau, Certified Public Accountant

About the Author 167

Index 169

O autorze

Alan Voon is the chief executive officer of Von Capital Limited and its associates at Warrants Capital Groups. Which are involved in asset management and capital market consultancy services. He is also the investment committee co–chairman of Huatai Von Malaysia Fund Segregated Portfolio, a Cayman Island fund established by Huatai Financial Holdings (Hong Kong) Limited, one of the largest stockbrokers in mainland China. Voon is a contributor to major newspapers and magazines on topics related to ADRs and derivatives such as warrants, convertible loan stocks, options, and CDDs. Voon is the author of Make Money Investing in Warrants on Bursa Malaysia and Money in Warrants. His website, www.warrants.com.my, caters to the South East Asia warrants and Greater China ADRs market.