Is the Chinese Stock Market Headed for a Correction?: Financial News - Yahoo! Finance

"When Renaissance Capital named Home Inns & Hotels Management (NasdaqGM: HMIN) 2006 IPO of the year, I wasn’t surprised one bit. HMIN, along with a large crop of China-based companies, have launched successful IPOs in 2006. Among these stocks, I’ve noticed a common trend in their valuations - inflated P/E multiples."