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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中国石油启动回归Ａ股计划
http://business.sohu.com/20070620/n250685518.shtml,

中海油已申请回归A股
http://business.sohu.com/20070526/n250235376.shtml

《回归A股》中证监审核通过中铝(2600)A股首发申请
http://business.sohu.com/20070417/n249504596.shtml

中移动H股创新高 发言人称A股上市还没有时间表
http://business.sohu.com/20070619/n250648970.shtml