Alipay fiasco

Caixin has a summary of the Alipay fiasco and they've also written an editorial very critical of Alibaba founder Jack Ma. In sum, Jack Ma was seen as one of the country's leading entrepreneurs, earning widespread acclaim abroad as well as at home. His actions fit the foreign stereotype of shady Chinese business practices, stripping a company of the good assets while leaving the foreigners with the stub. Thus, he has caused damage not only to his own reputation and company, but to all of China.

Alipay Dispute

Of course, prices are falling anyway due to declining social mood and pure fraud cases are piling up, as overseas listed Chinese shares face intense scrutiny from short sellers.

H-Shares Near or at 52-week highs

I posted this list on the "mirror" site, and I'm not about to translate it at this hour. Add .hk to the symbols and you can see them on Yahoo!, or click the links and change the page to English. First are near 52 week high, then at 52 week high, and then I have one Mainland stock, Emei Shan. This list is not total, nor any recommendation, just some stocks off one watch list. Many are tech, commodity, and consumer stocks.

很多我经常看看的股票快到52周高：
香港交易所 0388

越秀投资 0213

中国粮油控股 0606

紫金矿业 2899

有的已经到了！
腾讯控股 0700

京信通信 2342

金山软件 3888

阿里巴巴 1688

中国食品 0506

康师傅控股 0322

中国旺旺 0151

比亚迪股份 1211

中国动向 3818

大陆
峨眉山 000888.SZ

Update 2009-06-03: Clive Corcoran has an article on Seeking Alpha, the title of which explains the content: 

Hong Kong Index Ends at Exactly 38% Retracement of Swing High/Low