Replies to post #183943 on JB and ZJMY Holding Co (JBZY)

[stcks4prft]

Most people, including many on this board, don't actually understand the fact that to be successful as a Chinese enterprise, you MUST have government backing. There is just no way around it in China.

ZJMY has government backing (they always did)...it was essentially a Chinese govt project through Tsinghua University, if you recall.

Mr. Wang Dequn has govt backing. Not everybody in China gets to go to and speak at a Cross-Border Trade forum where Jack Ma also spoke, among other leaders.

Just one thing to keep in mind, this stock is still listed on the OTC. There is a reason they have not released the financials yet....

[4toSchool]

Well stated SuperBingo. I lived in China for 4-years. I don't think anyone has any idea of the magnitude that Chinese Government are invested in "private" coroporatioins. HUGE. I've been encouraged when I've seen so many government officials attending so many JBZY events. GLTY

You have to understand how china works. To be able to involve in so many big projects, you have to be selected by an organization or government.

If the Chinese government, city, provincial or Beijing is backing the company, the company will be financially successful