en-us Copyright 2008 Chinese Stock Information Mon, 08 Sep 2008 21:56:08 +0800 http://www.chinesestock.org/logo.jpg http://www.chinesestock.org China Communications Services Corp (HKG:0552) expects to maintain its gross profit margin at 16-17 pct this year, chairman Li Ping told a press briefing on the company's interim results.The mainland telecom services provider said its gross margin for the first half of this year stood at 15.7 pct, down from 18.1 pct a year earlier and 16.7 pct in the second h... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 21:53:41 +0800 China Merchants Securities has gained approval to issue A-shares in the domestic stock market, the China Securities Regulatory Commission said in a statement.The broker said last week that it planed to issue 358.55 mln A-shares, representing 10 pct of its total expanded capital, in a domestic initial public offering (IPO).The IPO proceeds will be used to sup... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 21:52:37 +0800 China stocks in Singapore closed higher as the US Treasury's takeover of Fannie Mae and Freddie Mac soothed investor fears in most of Asia, though the fall of Shanghai's main index to a 20-month low limited S-chip gains. Property company China New Town Development surged more than 14 pct in heavy trade ahead of a Sept 10 shareholder vote on a refinancing pla... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 20:51:56 +0800 Shanghai Executive Vice Mayor Yang Xiong (center), talks with Liu Zengwen, Chinese ambassador to Romania. scene of the signing ceremony scene of the signing ceremony scene of the signing ceremony Romania has signed its Expo participation contract with organizers. Shanghai Executive Vice Mayor Yang Xiong and Ovidiu Silaghi, minister for small and medium... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 20:24:27 +0800 scene of the meeting scene of the meeting The Shanghai Press and Publication Bureau will use the printed word in all its forms to educate and inform about the World Expo and to build the city's spirit for the big fair in Shanghai in 2010. The bureau will fan Expo enthusiasm and improve the quality of its publications and services, according to Bureau D... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 20:24:03 +0800 Shanghai Expo will learn from the management and operation of the Beijing Olympics in hosting a successful event, according to a senior Expo organizer. Zhong Yanqun, full-time deputy director of the Expo executive committee, said on Friday organizers would borrow from the Beijing experience which delivered a green and human-oriented Olympics. The Games al... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 20:23:43 +0800 China State Shipbuilding Corporation has confirmed it will build a shipping pavilion on the banks of Huangpu River at World Expo 2010. The pavilion will make use of some historical buildings on a plot which once housed the 142-year-old Jiangnan Shipyard. The original shipyard has been relocated to Changxing Island. The corporation boasts vast experience ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 20:22:41 +0800 By 2009 China will become the largest consumer market in Asia said Chinese Minister of Commerce Chen Deming. Speaking at the 12th Xiamen International Trade and Investment Fair on Monday in the east Fujian Province, Chen predicted entertainment, housing and tourism will expand their shares in the domestic market. "As one of the world's fastest growing consum... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 20:21:24 +0800 The revenue of China's software industry exceeded 345 billion yuan (50.8 billion U.S. dollars) in the first half of 2008, a 30 percent increase over the same period last year, an official said here on Monday. China's share in the global market had increased from 1.3 percent in 2000 to 8.7 percent last year, ranking fourth in the world, said Zhao Xiaofan, an ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 20:20:57 +0800 China's railway investment soared 37.5 percent from January to July. The numbers are attributed to a building boom of high-speed lines and the country's desire to link together poor regions. The investment reached 133.78 billion yuan (19.6 billion U.S. dollars), the Ministry of Railways (MOR) said on Monday. More people than ever are using railways. In the f... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 20:18:24 +0800 China announced it would provide more opportunity for foreign investment, Vice Premier Wang Qishan said on Monday at the opening of the 12th Xiamen International Trade and Investment Fair in the southeast Fujian Province. China will insist on its opening-up policy continuing to perfect the policies for the utilization of foreign capital to provide more space... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 19:28:07 +0800 The 3rd Asia Brand Ceremony will be held in Hong Kong on September 9, 2008. Lenovo Group Ltd edges into the top ten of 500 largest brands in Asia in 2008 for the first time. It lies in the eighth place. In terms of the global management, Lenovo establishes a triangular structure of innovation taking China, the United States and Japan as the core. This kind o... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 19:25:36 +0800 China A-shares closed sharply lower with property stocks under heavy pressure after news that China Vanke has cut prices in Shanghai and Hangzhou, and amid reports of protests by earlier buyers who were not offered the discount, dealers said. Financial stocks outperformed, but gave up some early gains associated with the news of the US government takeover of... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 18:56:55 +0800 Franshion Properties (China) Ltd (HKG:0817) said its first-half net profit surged 682 pct year-on-year to 936.97 mln hkd, driven mainly by revaluation gain from its investment properties.Core profit, which excluded the property revaluation gain, was up 185 pct at 302 mln hkd on strong properties sales and rental income of its Beijing Chemsunny World Trade Ce... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 18:29:46 +0800 China A-shares closed sharply lower with property stocks under heavy pressure after news that China Vanke has cut prices in Shanghai and Hangzhou, amid reports of protests by earlier buyers who were not offered the discount, dealers said.Financial stocks outperformed, but gave up some early gains associated with the news of the US government takeover of mort... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 18:28:59 +0800 The following new option series (both calls and puts) will be available for trading on 09 Sep 2008: ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 18:09:42 +0800 Short Sell Turnover (NASDAQ Stocks) up to day close today: NIL... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 18:09:02 +0800 Short Sell Turnover (GEM) up to day close today: NIL ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 18:05:51 +0800 Short Sell Turnover (Main Board) up to day close today: Turnover CODE NAME OF STOCK (SH... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 18:03:29 +0800 Shenzhen Stock Exchange daily trading volume and turnover, as released by the exchange: VOLUME TURNOVERA-share 1,724.98 12,259.62B-share 28.39 97.21Volume Unit: million sharesA-share Turnover Unit: million yuanB-share Turnover Unit: million HK$ ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 17:55:46 +0800 Shanghai Stock Exchange daily trading volume and turnover, as released by the exchange: VOLUME TURNOVERA-share 3,737.89 27,534.35B-share 29.06 134.97Volume Unit: million sharesA-share Turnover Unit: million yuanB-share Turnover Unit: million US$ ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 17:54:36 +0800 Share prices closed sharply higher as a US government takeover of mortgage financing giants Fannie Mae and Freddie Mac raised hopes that the global credit crisis can be contained. Banks led a broad rally, with heavyweight HSBC surging nearly 5.5 pct and China banks also posting strong gains as concerns eased about their exposure to US mortgage-backed securit... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 17:47:03 +0800 Chinese shares extended losses on Monday as the benchmark index slumped to 21 month low, which was dragged down by the country's two oil giants and concerns of slower economic growth. Oil heavyweight PetroChina shed 4.86 percent to 11.36 yuan, the lowest in record. Sinopec, the country's biggest crude refiner tumbled 7.59 percent to 9.13 yuan. The benchmar... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 17:37:06 +0800 According to the share reform program of the Zhejiang Medicine Co., Ltd (SSE:600216), 13,634 restricted a-shares held by the previous non-floating shareholders will be allowed to trade in the Shanghai stock exchange as of September 11, 2008. Zhejiang Medicine Co.,Ltd. is principally engaged in the sale of drug substances, finished formulations and food. The... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 16:53:58 +0800 Franshion Properties (China) Ltd (HKG:0817) first half to June results:Sales - 870.27 mln hkd vs 97.0 mln Net profit - 936.97 mln hkd vs 119.82 mln EPS - 19.06 hk cents vs 16.49Interim div - nil The company said its net earnings were boosted by a 634.77 mln hkd gain from its investment properties.(1 usd = 7.8 hkd)... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 16:52:56 +0800 Short Sell Turnover (NASDAQ Stocks) up to morning close today: NIL... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 16:52:32 +0800 Short Sell Turnover (GEM) up to morning close today: NIL... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 16:52:08 +0800 DMG & Partners Securities cut its target price on Cosco Corp Singapore (SIN:F83) to 2.85 sgd from 3.82 sgd on the increased risk of vessel delivery guidance not being achieved. "Management has previously guided that seven to 10 vessels would delivered by the end of this year, but we fear that not all would be completed on schedule," DMG said in a note to... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 16:18:43 +0800 Times Ltd's (HKG:1832) first-half to June results:Sales - 2.09 bln yuan vs 1.66 bln Net profit - 89.3 mln yuan vs 43.16 mln EPS - 0.102 yuan vs 0.068Interim div - nil The company is principally engaged in the operation of hypermarkets, supermarkets and department stores in China.(1 usd = 6.85 yuan)... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 16:12:54 +0800 Banks lead HK shares to biggest gain in 6 monthsHong Kong shares rose 3.8 percent on Monday, their biggest single-day rally in nearly 6 months, with sentiment towards financials lifted by the federal takeover of troubled U.S. mortgage lenders Fannie Mae The benchmark Hang Seng Index <.HSI> unofficially closed up 759.47 points at 20,692.75, rebounding f... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 16:00:03 +0800 China stocks sink 2.7 pct despite Asian surgeChina's main stock index tumbled nearly 3 percent on Monday, dramatically underperforming a jump by regional share markets, because of concern about a slowing Chinese economy and heavy supplies of fresh equity. The Shanghai Composite Index ended down 2.68 percent at a 21-month closing low of 2,143.421 points, nea... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 15:02:32 +0800 ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 15:01:11 +0800 China stocks in Singapore finished the morning higher with positive developments in the US housing finance market encouraging investors, dealers said. However, S-chips gave up some early gains after the losses on the mainland market. Property developer China New Town surged more than 14 pct to 0.080 sgd ahead of a Sept 10 shareholder vote on a refinancin... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:45:39 +0800 China Communications Services Corp (HKG:0552) said its first half to June net profit rose 11 pct year on year to 567.02 mln yuan as growth of its core telecom support services businesses increased.Total revenue for the period was up 37.5 pct to 13.63 bln yuan.Revenue from telecommunications infrastructure services was 5.895 bln yuan, up 9.7 pct, driven mainl... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:43:44 +0800 China A-shares finished the morning session lower, extending a 3.29 pct fall on Friday amid persistent pessimism about the market outlook, dealers said.Although financials outperformed on news of the US government takeover of mortgage giants Fannie Mae and Freddie Mac, property developers and metals stocks led a broad move downward.The benchmark Shanghai Com... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:37:41 +0800 China B-shares finished the morning lower in line with their A-share counterparts, with consumer-related stocks hit by profit-taking after early gains, dealers said. Property firms also fell sharply, dragging down the key indices. The Shanghai B-share Index fell 3.87 points or 2.63 pct to 143.24, while the Shenzhen B-share Index was down 8.15 points or 2.... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:37:02 +0800 Short Sell Turnover (Main Board) up to morning close today: Turnover CODE NAME OF STOCK (SH)... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:36:58 +0800 China Agritech Inc (Bulletin Board:CAGC) said its second-quarter net profit rose 11 pct year-on-year to 2.9 mln usd on strong sales of liquid organic fertilizers. The Beijing-based firm's revenue for the three months was up 42.8 pct at 14.1 mln usd. Earnings per share stood at 0.12 usd. The company said it expects full-year revenue to be in the range o... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:36:37 +0800 China's Guodian Power, one of the country's "big five" state-owned electricity producers, will spend 108 bln yuan on energy and chemical projects in the northwestern region of Ningxia, according to the China Business Post newspaper. The two sides recently signed a cooperation agreement after a year of discussions, and most of the details of the investment ha... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:35:24 +0800 Share prices finished the morning sharply higher in a broad rebound as investors cheered the US government's takeover of troubled mortgage financing giants Fannie Mae and Freddie Mac.Banks led the rally, with heavyweight HSBC surging more than 4.5 pct and contributing more than 130 points to the key index. China banks, which also have exposure to US mortgage... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:30:07 +0800 Bocom Research kept a "buy" call on China Sunshine Paper Holdings Co Ltd (HKG:2002), citing expectations of healthy first-half results from the linerboard manufacturer."Its top line growth is expected to reach 39.1 pct as domestic white top linerboards' average selling prices increased by 7.8 pct this year," Bocom said.It has a 4.60 hkd target price on the s... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:28:34 +0800 China Agritech Inc (Bulletin Board:CAGC) said its second-quarter net profit rose 11 pct year-on-year to 2.9 mln usd on strong sales of liquid organic fertilizers.The Beijing-based firm's revenue for the three months was up 42.8 pct at 14.1 mln usd.Earnings per share stood at 0.12 usd.The company said it expects full-year revenue to be in the range of 54.0-56... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:27:35 +0800 China's Guodian Power (SZSE:000966), one of the country's "big five" state-owned electricity producers, will spend 108 bln yuan on energy and chemical projects in the northwestern region of Ningxia, according to the China Business Post newspaper.The two sides recently signed a cooperation agreement after a year of discussions, and most of the details of the ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:24:19 +0800 China B-shares finished the morning lower in line with their A-share counterparts, with consumer-related stocks hit by profit-taking after early gains, dealers said.Property firms also fell sharply, dragging down the key indexes.The Shanghai B-share Index fell 3.87 points or 2.63 pct to 143.24, while the Shenzhen B-share Index was down 8.15 points or 2.24 pc... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:21:27 +0800 China A-shares finished the morning session lower, extending a 3.29 pct fall on Friday, amid persistent pessimism about the market outlook, dealers said.Though financials outperformed on news of the US government takeover of mortgage giants Fannie Mae and Freddie Mac, property developers and metals stocks led a broad decline.The benchmark Shanghai Composite ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:16:35 +0800 Share prices finished the morning sharply higher in a broad rebound as investors cheered the US government's takeover of troubled mortgage financing giants Fannie Mae and Freddie Mac. Banks led the rally, with heavyweight HSBC surging more than 4.5 pct and China banks also posting strong gains as concerns eased about their exposure to US mortgage-backed secu... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:14:59 +0800 China Communications Services Corp (HKG:0552) first-half to Juneresults:Sales - 13.63 bln yuan vs 9.91 blnNet profit - 567.02 mln yuan vs 509.66 mlnEPS - 0.101 yuan vs 0.094(1 usd = 6.8 yuan)... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 14:09:18 +0800 Shenzhen Stock Exchange midday trading volume and turnover,as released by the exchange:VOLUME TURNOVERA-share 866.40 6,165.05B-share 12.76 40.73Volume Unit: million sharesA-share Turnover Unit: million yuanB-share Turnover Unit: million HK$... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 13:43:03 +0800 Shanghai Stock Exchange midday trading volume and turnover,as released by the exchange:VOLUME TURNOVERA-share 1,903.30 14,028.52B-share 12.41 59.75Volume Unit: million sharesA-share Turnover Unit: million yuanB-share Turnover Unit: million US$... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 13:41:30 +0800 China Petroleum and Chemicals Group (Sinopec) (SSE:600028, HKG:0386) said it willcut capital expenditure this year in order to "reduce capital and investmentrisks to the greatest degree." Wang Tianpu, president of the group's Hong Kong-listed vehicle Sinopec Corp,said in a report on the Sinopec website that international oil prices are likelyto remain hig... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 13:19:31 +0800 Fu Ji Food and Catering Services Holdings Ltd (HKG:1175) first-quarter to June results:Sales - 658 mln yuan vs 357 mln Net profit - 112 mln yuan vs 95.1 mlnEPS - 0.206 yuan vs 0.185 yuanInterim div - nil vs nil(1 usd = 7.8 hkd) ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 13:18:54 +0800 Sino Gold Mining Ltd (HKG:1862) said it has secured a 231 mln yuan five-year loan facility from China Construction Bank.The loan will be used for the company's White Mountain Gold mine in Jilin province in China.The gold miner said dry commissioning of the White Mountain processing plant has commenced and that overall project is now 90 pct complete. The proj... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 13:18:08 +0800 Li & Fung Ltd (HKG:0494) shares were sharply higher after news thatit will raise 3.88 bln hkd from the sale of new shares to Singapore's stateinvestment firm Temasek.Dealers said the proposed investment not only strengthens Li & Fung's capitalbase for further acquisitions, but also bolsters investor confidence in thetrading conglomerate amid worr... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 13:15:13 +0800 Singapore-listed property developer China New Town (SIN:D4N) was up more than 14 pct in early trade ahead of a Sept 10 shareholder vote on a refinancing exercise.At 10:25 am, China New Town was up 14.3 pct at 0.080 sgd."Under the refinancing proposal, China New Town will pay holders of its convertible bonds an aggregate of 378 mln yuan in cash and issue 525 ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 13:12:16 +0800 Sino Union Petroleum & Chemical International Ltd (HKG:0346) shares were suspended from trading pending an announcement related to issuance of new shares, the stock exchange said.The stock last traded at 1.25 hkd.The company is a mainland-based oil explorer.(1 usd = 7.8 hkd) ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 13:09:27 +0800 SHANGHAI'S key stock index slid more than 2 percent in the morning session today, led by property companies on concern slowing demand has forced developers to cut prices.The Shanghai Composite Index lost 2.18 percent, or 48.09 points, to 2,154.36 at 11:30am. Losers in the Shanghai market outnumbered gainers 732 to 80 while 13 did not change.The Shenzhen Comp... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 12:46:13 +0800 Honda Motor Co said its two joint ventures in China sold a total of 38,726 cars in August, up 19.4 pct year-on-year.For the first eight months of 2008, car sales at the two joint ventures rose 22.6 pct year-on-year to 309,561 units, it said in a statement. Guangzhou Honda Automobile Co Ltd, a 50-50 joint venture with Guangzhou Automobile Group, sold 25,016 v... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 12:44:04 +0800 Great Wall Motor Co Ltd (HKG:2333) first-half to June results:Sales - 4.61 bln yuan vs 3.35 bln Net profit - 408 mln yuan vs 406 mlnEPS - 0.37 yuan vs 0.42 yuan Interim div - nil vs nil(1 usd = 7.8 hkd) ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 12:43:24 +0800 Credit Suisse has maintained its "overweight" rating for China's healthcare sector, saying that uncertainties could mount as the Chinese government draws up new drug pricing policies.It said in a note that the efforts by the state planner, the National Development and Reform Commission, to "take a more systematic approach" to the pricing of drugs could be of... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 12:41:35 +0800 DMG & Partners Securities said Singapore-listed China Milk Products (SIN:G86) may benefit from a general trend away from carbonated drinks, a shift that may be seen in Coca Cola's bid for China Huiyuan Juice Group. "Trends have revealed in the past two years, Chinese consumers are choosing healthier drinks rather than carbonated drinks that contain sugar... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 12:39:32 +0800 CITIC Resources Holdings Ltd (HKG:1205) shares were sharply higher after news that it is seeking to spin off its manganese mining unit, CITIC Dameng Holdings Ltd, via a Hong Kong initial public offering.The stock was up 0.12 hkd or 8.33 pct at 1.56.The company did not given a timetable or details on the size of the proposed IPO for the unit.CITIC Resources c... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 12:37:26 +0800 Citigroup said it is maintaining its "buy" recommendation and 19.89 hkd price target on China Resources Land (HKG:1109) after the developer launched a new project in northeast China's Dalian.CR Land's shares last closed at 8.49 hkd. The company launched its Dalian Maritime project on Aug 31, selling 327 units for a total of about 270 mln yuan, or 7,100 yuan ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 12:33:31 +0800 CIMB said it has raised its target price on Celestial Nutrifoods (SIN:C56) to 1.60 sgd from 1.45 sgd as the company should be a key beneficiary of weaker soybean prices. The brokerage said it maintained its "outperform" rating on the stock as the make of soy-based products should reap higher rewards from falling commodity prices compared to other industrial ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 12:33:01 +0800 China shares were mixed in early trade with financial stocks boosted by the news of the US government takeover of mortgage giants Fannie Mae and Freddie Mac, removing some of the uncertainty from the housing finance market, dealers said.Property developers and power firms were under heavy pressure.At 9:53 am, the benchmark Shanghai Composite Index was up 12.... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 12:32:53 +0800 China Oilfield Services Ltd (SSE:601808, HKG:2883) said it has commissioned affiliate CNOOC Engineering Ltd to build a new drilling rig worth 564.25 mln yuan.The jack-up rig, to be delivered around end-2009, is meant for offshore oil exploration. It will have designed operating depth of 76 meters and normal operating depth of 61 meters.(1 usd = 6.8 yuan)... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 12:30:56 +0800 Citigroup said it is initiating coverage on Xingda International Holdings (HKG:1899) with a "buy" recommendation and 2.1 hkd price target on the basis the company is an indirect play on China's auto market.Xingda, China's second largest tire cord maker by production, is also showing signs of earnings recovery, with core net profit forecast to rise 42 pct thi... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:39:21 +0800 Ciitgroup said it is maintaining its "buy" recommendation on Hang Lung Group Ltd (HKG:0010) but cut its price target to 40.52 hkd from 44.56 hkd after recent pullbacks in the Hong Kong-listed company's share price.Citigroup said it sees long-term value for Hang Lung given its strong balance sheet and good track record of its management in timing market cycle... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:38:23 +0800 China shares in Singapore were higher in early trade on bargain-hunting after steep losses from last week, boosted by positive developments in the US housing finance market and stronger mainland stocks, dealers said.Property developer China New Town led the gainers, surging more than 21 pct to 0.085 sgd. The FTSE ST China Index rose 7.37 points or 2.4 pct to... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:38:01 +0800 The Ministry of Commerce will conduct an anti-monopoly review Coca-Cola's 19.45 bln hkd takeover bid for China's biggest juice manufacturer Huiyuan (HKG:1886), state-run China Central Television (CCTV) reported over the weekend.Citing commerce ministry spokesman Yao Shenhong, the report said that while the ministry has not received an application to approve ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:37:24 +0800 Citigroup said it is initiating coverage of Belle International Holdings Corp (HKG:1880) with a "sell" recommendation and 6.00 hkd target price."Although Belle's share price has fallen 35 pct and underperformed the market by 11 pct year-to-date, we think earnings risks coming from lower margins of acquired businesses outweigh upside potential. Our FY2008 ear... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:28:36 +0800 Singapore-listed Anwell Technologies Ltd (SIN:A70) was up more than 12 pct in early trade after announcing a research and development project with the government of southern China's Guangdong province, covering the development of flat panel displays. The Guangdong government has agreed to sponsor the project, providing a total of 150 mln yuan, Anwell said in... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:28:21 +0800 Singapore-listed Anwell Technologies (SIN:A70) has launched a research and development project with the government of southern China's Guangdong province, concentrating on the development of the flat panel display industry. The company said that the project will seek to encourage core technology breakthroughs in the sector, enabling Chinese firms to compete ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:27:21 +0800 Singapore-listed Yangzijiang Shipbuilding Holdings (SIN:BS6) said it bought back on Friday 1.65 mln shares on the open market, at prices from 0.585 sgd to 0.595 sgd.The total cost of the purchaases was 978,245 sgd. The company said it has so far bought back 62 mln shares, or 1.88 pct of shares outstanding, since starting the buyback program in April. Yangzij... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:26:26 +0800 FerroChina Ltd (SIN:F33) said wholly owned subsidiary Changshu Everbright Material Technology Co Ltd has entered into two separate one-year contracts to supply galvalume steel sheet.Everbright will supply a total of 168,000 tons of high end galvalume steel sheet to Jiakuang International Trade Co Ltd and Shanghai Tsinghen Trading Co Ltd in 2009.Financial ter... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:25:49 +0800 The Shanghai Stock Exchange said trading in the shares of the following companies has been suspended:CODE COMPANY NAME SUSPENSION REASONLENGTH600619 SH Highly One hour Issuing Announcement900910 SH Highly One hour Issuing Announcement600783 Shandong Luxin High-tech One hour Issuing Announcement600847 ST Wanli Storage Batteries One hour Issuing Announcement60... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:25:16 +0800 The Shenzhen Stock Exchange said trading in the shares of the following companies has been suspended:CODE COMPANY NAME SUSPENSIONLENGTH000555 ST SZ Techo Telecom One hour000999 Sanjiu Medical One hour000088 SZ Yan Tian Port Monday AM/PM000159 Xinjiang Intl Monday AM/PM000608 Super Shine Monday AM/PM000655 Shandong Jinling Mining Monday AM/PM000663 Fujian Yon... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:24:45 +0800 Singapore-listed Hong Leong Asia (SIN:H22) said its subsidiary, New York-listed China Yuchai International Ltd, has secured an up to 50 mln sgd one-year bridge loan agreement with Singapore's DBS Bank Ltd to re-finance revolving credit facilities. The company said in a statement to the exchange that the China-based diesel engine manufacturer will also use th... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:23:56 +0800 Genesis Pharmaceuticals Enterprises Inc (Bulletin Board:GNPH) said it has completed a 40-for-1 reverse stock split.Genesis' common stock will no longer trade under the symbol "GTEC" and will begin trading on a split-adjusted basis under the trading symbol "GNPH."Following the split, the company has approximately 10.325 mln shares of common stock outstanding.... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:23:43 +0800 China shares are expected to open higher with investors seen responding positively to a plan by the government permitting listed companies to issue exchangeable bonds, dealers said.They added that a modest gain on the Dow Jones industrial average and news of the US government's takeover of mortgage giants Fannie Mae and Freddie Mac may also boost local senti... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:23:18 +0800 Hong Kong shares are expected to open higher on Monday after the U.S. government seized control of troubled mortgage lenders Fannie Mae fnm.n> and="" freddie="" mac=""> fre.n> in="" a="" major="" step="" towards="" stabilising="" financial="" markets.="">U.S. stock index futures surged on Sunday, pointing to a sharply higher open when Wall Street ope... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:21:45 +0800 Singapore-listed China Kangda Food Co (SIN:P74) said it plans a listing on the main board of the Hong Kong Stock Exchange by way of introduction. The food processor said in a statement to the Singapore Exchange that it has decided against a global offering because of the current market conditions. China Kangda will also remain listed in Singapore. The compan... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:19:18 +0800 China shares in Singapore are expected to open higher after the US government took control of mortgage giants Fannie Mae and Freddie Mac, removing some of the uncertainty hanging over the home financing market, dealers said.S-chip investors may also see some relief in the mainland's plans to allow listed firms to issue exchangeable bonds, a measure seen as p... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 11:18:25 +0800 Shandong Haihua Co Ltd (SZSE:000822) said it has been taken over by China National Offshore Oil Corp (CNOOC), the parent of Hong Kong-listed CNOOC Ltd, after a stake transfer arranged by the local government.Shandong Haihua said in a statement filed with the Shenzhen bourse that the Weifang state-owned assets regulator singed an agreement to transfer a 51 pc... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 09:56:21 +0800 Please be informed that the "PRV CLOSE" (Previous Closing Price) on the stock page of trading terminals / devices for LYXORETF RUSSIA (Stock Code: 2831) will not be adjusted and will be presented as "N/A" today 08/09/08, the ex-date. This arrangement is made on... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 09:13:00 +0800 Please be informed that the "PRV CLOSE" (Previous Closing Price) on the stock page of trading terminals / devices for LYXORETF EMGMKT (Stock Code: 2820) will not be adjusted and will be presented as "N/A" today 08/09/08, the ex-date. This arrangement is made on... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 09:11:29 +0800 Please be informed that the "PRV CLOSE" (Previous Closing Price) on the stock page of trading terminals / devices for LYXORETF WORLD (Stock Code: 2812) will not be adjusted and will be presented as "N/A" today 08/09/08, the ex-date. This arrangement is made on... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 09:10:52 +0800 Please be informed that the "PRV CLOSE" (Previous Closing Price) on the stock page of trading terminals / devices for LYXORETF RAFIEU (Stock Code: 2806) will not be adjusted and will be presented as "N/A" today 08/09/08, the ex-date. This arrangement is made on... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 09:09:51 +0800 Please be informed that the "PRV CLOSE" (Previous Closing Price) on the stock page of trading terminals / devices for LYXORETF RAFIUS (Stock Code: 2803) will not be adjusted and will be presented as "N/A" today 08/09/08, the ex-date. This arrangement is made on... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 09:08:33 +0800 Hong Kong Exchanges and Clearing Limited and/or its subsidiaries endeavour to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability (whether in tort or contract or otherwis... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 09:03:55 +0800 Chinas unexpected faster export growth in July may slow in August on account of the Olympic Games while industrial production may continue to dip, analysts said."With mandated temporary stoppages of production and construction activities amidst the Olympic Games, economic data for August, to be released next week, will likely be affected or distorted," said... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 08:50:44 +0800 Chinas central bank has ready access to the money it needs to meet any capital or funding shortfall, economists said.The New York Times reported on Thursday that the People's Bank of China was in talks with the Ministry of Finance on ways to shore up its balance sheet, citing three unidentified people with knowledge of the discussions. The central bank decl... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 08:49:21 +0800 Asias property stocks fell to their lowest in more than two years after a series of ratings cuts by industry analysts and individual real estate companies.The Bloomberg Asia Pacific Real Estate Index is set for its lowest close since July 19, 2006, declining 3.4 percent, or 6.02, to 169.59 as of 2:55pm yesterday in Tokyo. Sun Hung Kai Properties Ltd, Hong K... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 08:45:47 +0800 Shanghai welcomes financial experts from around the world to help build the city's reputation as a financial hub, Mayor Han Zheng said last night.It will continue to develop the financial sector environment, Han told guests at a dinner marking the opening of a major financial symposium.The financial sector accounts for about 10 percent of the city's gross do... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 08:43:30 +0800 Trade between China and Pacific island countries could exceed 2 billion U.S. dollars this year and3 billion U.S. dollars in 2010, Commerce Minister Chen Deming said here on Sunday. Chen made the remarks at the Investment, Trade and Tourism Ministerial Conference of the China-Pacific Island Countries Economic Development and Cooperation Forum. "China and the ... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 08:42:30 +0800 The China Banking Regulatory Commission (CBRC) on Sunday urged banks to "take effective measures to ensure loans for the country's economic growth and meanwhile prevent risks, in a bid to maintain sound and fast economic development." The policy is "guaranteeing money supply to some sectors while controlling money supply to some other sectors", said a spokes... Chinesestock.org http://www.chinesestock.org Mon, 08 Sep 2008 08:38:38 +0800 Wu Jianzhong, director of the Shanghai Library, delivered a retrospective lecture on Expo theme development over more than 150 years of World Expos. His speech yesterday was one of the events marking the 600-day countdown to the six-month Shanghai Expo that opens on May 1. Tomorrow will be the 600th day before the fair. World Expos at first focused on... Chinesestock.org http://www.chinesestock.org Sun, 07 Sep 2008 20:44:25 +0800 A total of 171 investment contracts worth 106 billion yuan (about 15.5 billion U.S. dollars) were signed during the 4th Northeast Asia Investment and Trade Expo, which ended on Saturday. Chen Weigen, vice governor of northeast China's Jilin Province, said investment volume was up about 37 percent from the 3rd Expo last year. The contracts mainly involved ene... Chinesestock.org http://www.chinesestock.org Sun, 07 Sep 2008 12:53:11 +0800 Disclosed private equity investment in China in August was 410 million U.S. dollars, down almost 70 percent month-on-month, a consultant's report said on Saturday. There were only three private equity investments in August, all into expanding or profit-making entities, according to the report from China Venture Investment Consulting Group. A weak stock marke... Chinesestock.org http://www.chinesestock.org Sun, 07 Sep 2008 12:52:07 +0800 A dominant position in global exports has allowed more than 2,000 companies to establish themselves in cashmere manufacturing in China, but the industry is seeking to shift from reliance on exports to greater emphasis on domestic sales. The Erdos Group, the top cashmere manufacturer in China, has reduced its original export plan from 4.5 million garments to ... Chinesestock.org http://www.chinesestock.org Sun, 07 Sep 2008 12:51:29 +0800 A new tax on cars with large engine displacements took effect this month, but the negative impact on sales will be small, experts said. On Sept. 1, the tax on cars with engine capacities of 3 to 4 liters rose 10 percentage points to 25 percent, while the rate for those above 4 liters doubled to 40 percent. The tax is intended to favor energy-efficient models... Chinesestock.org http://www.chinesestock.org Sun, 07 Sep 2008 12:49:23 +0800