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China Shares Regain All Losses

Blaze Fabry submits: Chinese stocks have risen since the notorious 9 percent intraday plunge in late February. As the matter of fact, the Shanghai Composite (^SSEC) is up almost 25 percent since the incident while the record breaking DJIA barely keeps space with such a sharp rally. Not surprisingly, Hong Kong is the laggard by delivering virtually zero growth. Please read our previous article, in which we argued that the Shanghai Composite Index is likely to outperform Hong Kong's Hang Seng due to fundamental reasons.

And just to further demonstrate how strong the mainland's exchanges became, consider the following developments.

"The Shanghai IPO of Bank of Communication s (3328.HK), China's fifth largest lender, attracted a record $188 billion in subscriptions.