Wednesday, July 7, 2010

China's female Buffett

"My favorite thing is making money and I just enjoy the feeling of making money. I made a lot of money for other people and that makes me extremely happy."

People like to compare Liu Yang to Warren Buffett, the famous US billionaire and investor, but Liu herself has a different opinion.

"Valuation in the US totally differs from that in China. The two countries' institutions, financial systems and banking models are also different, so I can not copy his investment philosophy here in China, otherwise making money would be so easy," Liu told reporters.

She remains optimistic about China's economic development and investment opportunity, saying that the country's economy has just "taken off."

Liu Yang is good at selecting small-cap stocks. Her preferred industries are insurance, medicine, commodity, retail and real estate. Her key to picking stocks is to thoroughly study government policies and get a good understanding of one particular enterprise. Once she visited an enterprises eight times before deciding to invest in it.


chinadaily.com.cn

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