Warren Buffett is a foreign investor in China, why can he buy Sinopec s A shares?

I bought H shares, which are one dollar per share, and one dollar H share and 16 A shares are the same shares and the same rights.

Since China is still a relatively closed market, we have opened a QFIID to foreign investors and give foreign investors a certain amount to invest in China. Generally, foreign investors invest through QFII. QFII (Qualified Foreign Institutional Investors).

That's what makes the legendary Warren Buffett unique.

Hot money If you have money, you can't help it.

He bought H shares, bought more than 1 yuan, and 10 yuan when A shares were the cheapest, he had a stock god and would not buy A shares.

Looking at this paper, I sighed that the child is strong now0460

2008 report.

In 2002 and '03, Berkshire bought a stake in PetroChina for $100 million. At this rate, PetroChina's market capitalization is about $37 billion. In the second half of last year, PetroChina's market capitalization rose to $275 billion, which we believe is comparable to other big oil companies, so we sold all of our holdings for $4 billion.

Another: We paid $1.2 billion in taxes due to the investment income brought by PetroChina. This amount is equivalent to all expenses for 4 hours of operation in the entire United States**, including defense, social security, .......Wait a minute.

Analysis: It is equivalent to a 30% tax of ** 12 yuan to sell, which is equivalent to 9 yuan to sell Now in 10 11 plus the dividends of these 4 years, there should also be 12 13 yuan Lao Ba sold at a loss.

I was just trying to take it easy, and you ended up rushing to 4757

Warren Buffett originally held more than 1 billion shares of PetroChina, and in the 15 days from April 9 to 24, 2003, ** at a lower price than Hong Kong dollar shares**, he made 7 attacks and bought at least 100 million shares of PetroChina H shares. In this way, as of April 30, Buffett held a total of 100 million PetroChina, accounting for the total share capital of PetroChina.

From July to October 2007, Warren Buffett sold PetroChina continuously in the range of 11-15 Hong Kong dollars, and sold about 4 billion US dollars for the principal of 500 million yuan, making a profit of about 27 billion yuan, and making a profit of 7 times. On November 1, 2007, PetroChina's H-shares hit the most ** after the Hong Kong dollar** all the way**.

Hello, Berkshire Hathaway's earliest ** oil was in 2003.

units of $1000).

PetroChina is listed on both A-shares and H-shares, and Warren Buffett bought PetroChina in Hong Kong stocks, which has nothing to do with A-shares.

Buffett's investment philosophy is still different from Soros and others, and he will hold good ** for a long time, such as Coca-Cola, he has held it for decades. Judging from the process of his investment in PetroChina, he was actually optimistic about PetroChina for a time and may hold it for a long time. However, in fact, there were many voices in the United States against Buffett's investment in PetroChina in the later period, which had political reasons (mainly some controversies such as Sudan), which also prompted Buffett to gradually sell PetroChina around 07.

In addition, the market value of PetroChina in 03 is much worse than that of PetroChina. Warren Buffett ended up earning HK$27.7 billion from PetroChina's investment.

In addition, by the way, when Buffett cleared his oil positions in batches, he quickly went to the top of the bubble, and some said that Buffett made a lot of money. In fact, Buffy's vision is still very accurate. A few months after the gradual sell-off, the bubble burst, if this is a sell-off, I am afraid that it will not be able to sell, and it will drive the ** landslide even more.

PetroChina is a state-owned enterprise in China, in a monopoly position in the market, and also receives the protection of China's first, and the risk is relatively low. Warren Buffett values the prospects of economic development, and he is a master of playing the best game, and he can see the essence of PetroChina. At the beginning, PetroChina went public, and many investors also began to pay attention to and buy **, but Dawang did not appreciate as much as they hoped, allowing them to make a lot of money, and its ** value fell to only a fraction during the decade, and many people withdrew their capital gloomily.

Of course, there are still some people who insist on it, such persistence is valuable, in Buffett's eyes, even if the value of PetroChina's shares is not high, it does not make you profit in a short period of timeBut in the long run, it can give you far more rewards than you think. Warren Buffett believes that buying ** is not buying**, it is buying the company.

Is it possible for any company to operate without oil now? At present, PetroChina's profitability is still very good, in accordance with the international financial reporting standardsSince last year, PetroChina has achieved a net profit of 100 million yuan, an increase of several times compared with before, and the rate of return on capital is gradually rising. It's a good company from that point of view.

PetroChina has a sufficient margin of safety, how to understand this margin of safety, that is, the company's ** will not fall to the boundary value no matter how it falls. According to past data, PetroChina's lowest stock price is per share, the highest share price is 48, and it is now at the lowest price per share, which is its lowest in terms of this stock price range. Therefore, PetroChina sold its wide land at a low price, went bankrupt, liquidated its assets, and the money you invested can be returned.