listing early this month, giving it a valuation larger than the entire Indian economy and twice that of US giant ExxonMobil. It there was a symptom of a bubble on Shanghai’s stock market, PetroChina’s IPO proved it. Investors chased the stock of the integrated Chinese oil and gas company to close at 43.96 yuan from…
CHINA: PetroChina more valuable than Indian economy on stock market mania
Posted on November 22, 2007 by EnergyAsia