Thursday was packed full of various company visits. However, we first visited the Shanghai Stock Exchange which was slightly disappointing. We had expected the thrill of the New York Stock Exchange with all the brokers on the floor, but to our surprise, the Shanghai Stock Exchange is completely automated so that the floor is simply a formality for tourists. It only sees use when new companies are added to the Exchange. We learned that for many large private and public Chinese companies, it's incredibly difficult for foreigners to invest.
After the Stock Exchange, we headed for Chinese Pod, but due to traffic and road construction, we were unable to attend. Instead, we ventured early to Nielsen where we listened to an insightful discussion regarding market research in China. It was interesting just to think about how Nielsen could collect data and the margin of error they must be dealing with in the Chinese market.
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