I am interested in the securities markets and investment all over the world. Mostly I am interested in the Chinese companies listed in Dow Jones and Nasdaq in New York e.g. China Finance Online Co. Limited, China Unicom or Sinopec. My knowledge of Chinese language unable me to monitor information from China and broaden my knowledge on Chinese companies . One of the best example is website of China Finance Online Co. Limited. On the one hand, on the Chinese version site we could find preciously information on Chinese stock market Shanghai and Shenzhen and further information on Asian economies, on the other English site provides only basic information on China Finance Online Co. Limited bascic service and investor’s relations.

At the beginning, in February 2005, I have read a book written by Burton G. Malkiel, A Random Walk Down Wall Street. Truly I am very glad I read Random Walk because he best sumed up the theory of technical analysis by saying with large numbers of technicians predicting the market, there will always be some who have called the last turn or even the last few turns, but none will be consistently accurate. Moreover he defined stock valuation as either a Castles in the Air or a Firm Foundation philosophy – I do agree…

I started buying shares at the Warsaw Stock Exchange. Mainly I am interested in companies like: Bioton – investing in Singapore and China (Hefei, Anhui province), Ropczyce – investing in Liaoning Province or Kopex and Fasing linked to the mining industry and investing in Inner Mongolia Autonomous Region.

(more on history of the WSE read…)

The first stock exchange in Warsaw was opened on May 12, 1817. Trading sessions were held between 12.00 and 13.00. In nineteenth century mostly bonds and other debt instruments were traded on the Warsaw bourse. Trading in equities developed in the second half of twentieth century. Before the second world war seven stock exchanges operated in Poland.

Warsaw accounted for more than 90% of the total trading. In 1938 there were 130 securities traded on the Warsaw Exchange: municipal, corporate and government bonds as well as shares. Due to the change of political and economic systems, capital markets could not be re-created after the W.W.II was over.

In 1989, along with political changes, the new non-communist government began creating a capital markets structure. The new legal framework, the Act on Public Trading in Securities and Trust Fund was adopted in March 1991, and the Warsaw Stock Exchange joint-stock company was established by the State Treasury in April 1991. At the same time, the Polish Securities Commission, with its chairman appointed by the Prime Minister, was created.