on fusion of Shanghai and HK markets,

it's a writing on the wall that, sooner than later, Shanghai and Shenzhen and HK market will be functionally a one,

many proposals are floating around, from CDR to double registration to QDII,
QDII might be the easiest step for implementation as of now,

from a long term and marco point of view, an inflated price on A shares due to closed market and extra spec fever, while it can add extra gain for some members, it will be China society's loss for its retirement pension funds to have to pay higher premium to gain the same benefit of owning a slice of PTR or LFC.

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中國石油啟動回歸Ａ股計劃
http://business.sohu.com/20070620/n250685518.shtml,

中海油已申請回歸A股
http://business.sohu.com/20070526/n250235376.shtml

《回歸A股》中證監審核通過中鋁(2600)A股首發申請
http://business.sohu.com/20070417/n249504596.shtml

中移動H股創新高 發言人稱A股上市還沒有時間表
http://business.sohu.com/20070619/n250648970.shtml