The Chinese stock market is at an 11-month low, down 24% since its peak last July.
Direct investors in the Chinese stock market still take a rather grim view of corporate futures there.
The Chinese stock market typically moves in tandem with industrial-production growth, says Tony Welch, a global analyst at Ned Davis Research.
The original villagers have become wealthy beyond their wildest dreams by owning shares in the commune, which was the first commune ever to list on the Chinese stock market.
The creation of the Chinese stock market in the early 1990s, however, served a different purpose: to recapitalize and restructure large state-owned enterprises (SOEs) that otherwise would have gone under.
However, some analysts have warned that a stock market bubble is being created and last week former Federal Reserve chairman Alan Greenspan warned that the Chinese stock market could undergo a dramatic correction.
The broader Chinese stock market is down 2.1% on Monday, its worst loss in almost two months and its lowest since March 2009.
Great Eagle is planning to list the Hong Kong hotels in the third quarter, one of the people said Friday, encouraged by gains in the stock market and Chinese insurer People's Insurance Co. (Group) of China Ltd.
Granted, many wealthy Chinese prefer to invest in hard assets than in the stock market or low yielding bonds.
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The stock market has also been a boon to many Chinese companies, which have jumped into the business of building everything from solar wafers to finished panels.
Chinese investment trust Citic Securities, up 481%, leads the list of Global 2000 stock market stars.
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