Monday, August 25, 2008

Buffett is Optimistic About the China's Stock Market

Warren BuffettOn the 22nd, in the thick atmosphere of the Beijing Olympics, Warren Buffett repeatedly talked about the good future of the Chinese stock market during CNBC television interview.

Buffett said that not long ago he had wanted to spend 500 million U.S. dollarson a Chinese stock, but was rejected.

Buffett did not disclose the name of this stock and industry, but surely said that this is a great deal, in a suitable environment, you will see my large-scale investment."

He referred particularly because China's current foreign policy constraints, he couldn't freely buy shares in China Mainland. Earlier, Buffett is also spent 500 million U.S. dollars on CNPC's shares (stock code: 601857), then made a profit of billion 3.5 billion U.S. dollars.

This interview with CNBC's "SQUAWK BOX" section was held in the city Omaha, which is the headquarter of Berkshire Hathaway. It lasted three hours.

Originally Posted: China Business Daily
Author: Angulo Fu