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Support SME development with value investing: SMAC's Hao Jianming

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2015-06-04 10:06Ecns.cn Editor: Si Huan

郝建明:以价值投资为导向 助力中小企业发展

“当前股市持续走强,但价值投资的成分越来越少,股市泡沫将会进一步扩大。”谈到当前的股市与价值投资,SINO MERCURY ACQUISTION CORP(简称SMAC)董事长兼CEO郝建明不无担忧。他认为,现在股市的火爆是对政府改革红利的提前释放,股市持续上涨可能带来一些问题,泡沫背后将不利于实体经济的发展。

Hao Jianming, president and CEO of Sino Mercury Acquisition Corp (SMAC). (Photo/Provided to ECNS)

Hao Jianming, president and CEO of Sino Mercury Acquisition Corp (SMAC). (Photo/Provided to ECNS)

(ECNS) -- With equities bullish and value investing in decline, the stock market bubble is doomed to be inflated, according Hao Jianming, president and CEO of Sino Mercury Acquisition Corp (SMAC).

Over the last half year, domestic stocks have seen upbeat earnings and reached a historic high of some 5,000 points. Yet several plunges have also occurred, causing market turbulence.

"The current stock market has been confronted with bubble risks, and the plunges are a process of letting air out of some bubbles," Hao said during an interview with chinanews.com, pointing out that the surging stock market has triggered many problems which need to be handled rationally.

"When stocks run counter to economic entity it means there are too many bubbles in the market, and that large numbers of businesses are speculative investments, which leads to less value investing," said Hao.

Value investing stresses long-term goals rather than short-term profit. Hao said the philosophy involves transferring value and benefitting investees. There are many ways to apply value investing, he added, such as acquisition of corporate control, Warren Buffett's favorite method.

Hao's company, SMAC, was established last March in the United States and listed on the Nasdaq Stock Market the following September. The company plans to acquire Chinese financial firms.

"I hope to apply the value investing philosophy to financial firms through SMAC's buyout funds, and provide better service to SMEs," said Hao.

With investment funds and venture capital control, SMAC will provide efficient and convenient package solutions, he added.

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