China insights - Chinese Stock Market Information en-us Copyright 2008 Chinese Stock Information Fri, 03 Feb 2012 21:19:21 +0800 China insights - Chinese Stock Market Information http://www.chinesestock.org/logo.jpg http://www.chinesestock.org <![CDATA[China Yuan Tad Lower Late; Likely To Rise Ahead Of VP Xi's US Visit]]> Vs Parity Pvs USD/CNY Central Parity 6.3102 6.3075 USD/CNY OTC 0830 GMT 6.3028 -0.12% 6.3018 High 6.3079 -0.04% Low 6.3021 -0.13% China's yuan fell slightly against the U.S. dollar late Friday after the central bank guided its currency lower via a dai... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 21:17:59 +0800 <![CDATA[HK Closing Gold HK$16,333/Tael Vs Previous Close HK$16,248/Tael]]> (Tael = 1.1913 ounces) Source: Chinese Gold &amp; Silver Exchange Society via Thomson Reuters... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 21:17:33 +0800 <![CDATA[HK Dollar Flat Late Ahead Of US Jobs Data; Pressure On Greenback Seen]]> Latest Change USD/HKD Spot 7.7560 +0.0005 1-year USD/HKD Forward* -23 +1 Overnight Hibor 0.06% +4 bps 1-month Hibor 0.25% Unchanged 3-month Hibor 0.41% +1 bp 1-year Hibor 0.81% -9 bps 2-year EF Note 0.29% +6 bps 10-year E... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 21:16:45 +0800 <![CDATA[Capital Research sells 1.1M shares of Johnson Elec (HKG:0179)]]> Capital Research and Management Company sized down its long position in Johnson Electric (HKG:0179) from 5.02% to 4.98% on February 1 by selling 1.101 million shares at HK$4.529 per share on average on the Stock Exchange, the Stock Exchange's Disclosure of Interests information shows.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:56:32 +0800 <![CDATA[Cheah Co sells 756K shares of Sinoref (HKG:1020)]]> Cheah Company Limited reduced its long position in Sinoref Holdings (HKG:1020) from 7.00% to 6.94% on February 1 by selling 756,000 shares at HK$0.613 per share on average on the Stock Exchange, the Stock Exchange's Disclosure of Interests information shows.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:55:00 +0800 <![CDATA[Cheah Co sells 4.551M shares of CSR Times Elec (HKG:3898)]]> Cheah Company Limited cut its long position in the H shares of Zhuzhou CSR Times Electric (HKG:3898) from 7.10% to 6.10% on February 1 by disposing of 4.551 million shares at HK$18.045 per share on average on the Stock Exchange, the Stock Exchange's Disclosure of Interests information shows.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:54:14 +0800 <![CDATA[GIC sells 3.735M shares of BBMG (HKG:2009)]]> Government of Singapore Investment Corporation Pte Ltd (GIC) reduced its long position in the H shares of BBMG Corporation (HKG:2009) from 5.17% to 4.85% on January 31 by selling 3.735 million shares at HK$5.833 per share on average on the Stock Exchange, the Stock Exchange's Disclosure of Interests information shows.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:51:38 +0800 <![CDATA[China Oriental (HKG:0581) expects lower net profit or loss for 2H]]> China Oriental Group (HKG:0581) says that it will either have a substantially lower net profit or a loss for the second half of 2011 compared to the second half of 2010. The reasons for the drop in net profit are: steel demand was significantly affected by the slowdown in the Chinese economy and the eurozone crisis which in turn adversely affected sales pric... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:49:50 +0800 <![CDATA[Inspur (HKG:0596) expects 2011 profit to fall 60%]]> It is expected that the continuing business for the consolidated profit of the Inspur International (HKG:0596) group for the year ended 31 December 2011 will record a decrease by approximately 60% as compared to the profit for the corresponding period in 2010, the company said. Such decline is primarily attributable to increase in expenses on research and de... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:47:01 +0800 <![CDATA[Cheng Yu-tung adds 15.4M shares of Giordano (HKG:0709)]]> New World Development (HKG:0017) chairman Cheng Yu-tung increased his long position in Giordano International (HKG:0709) on February 1 from 22.01% to 23.00% by acquiring 15.4 million shares at HK$5.74 per share on average on the Stock Exchange, according to the Stock Exchange's Disclosure of Interests information. ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:45:47 +0800 <![CDATA[Court confirms Dan Form's (HKG:0271) shares prem acc reduction]]> Dan Form Holdings (HKG:0271) announced that, on 3 February 2012, the High Court made an order confirming the reduction of share premium account which was previously approved by shareholders on 9 December 2011. The reduction will take effect upon the registration of the order by the Registrar of Companies in Hong Kong.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:45:07 +0800 <![CDATA[UDL (HKG:0620): maturity date of PN for Silk Rd acq changed]]> In relation to its issue of the promissory note for settlement of the acquisition of Silk Road Development Company Limited, UDL Holdings (HKG:0620) said that a deed was entered into on 31 January 2012 under which the promissory note has been replaced and superseded by a new promissory note. The maturity date is changed from 15 August 2012 to 15 August 2013 w... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:42:42 +0800 <![CDATA[South China Fin (HKG:0619) expects sinking to red in 2011]]> South China Financial Holdings (HKG:0619) expects a loss for the year ended 31 December 2011, as compared to the profit recorded in the year of 2010, mainly due to fair-value/trading loss on financial assets resulting from the downturn of the market. The company plans to announce its 2011 annual results by the end of next month.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:41:38 +0800 <![CDATA[China Renji (HKG:0648) expects substantial loss for 2011]]> China Renji Medical Group (HKG:0648) has warned that it expects a substantial loss in financial statements for the financial year ended 31 December 2011 due to possible impairment loss recognised on the underlying assets (comprising intangible assets and property, plant and equipment) of the company's medical network including, among others, medical assets l... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:41:00 +0800 <![CDATA[Carry Wealth (HKG:0643) expects continued substantial loss]]> Carry Wealth Holdings (HKG:0643) says that it expects continued substantial loss for the year ended 31 December 2011 as compared with that of year 2010. The expected loss is mainly due to a number of factors, including: shrinkage in sales orders from the group's long-standing US customers and a squeeze on the group's profit margin due to increasingly fierce ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:40:15 +0800 <![CDATA[Short Sell Turnover (NASDAQ Stocks) up to day close Feb. 03]]> Short Sell Turnover (NASDAQ Stocks) up to day close today: NIL ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:39:51 +0800 <![CDATA[Short Sell Turnover (GEM) up to day close Feb. 03]]> Short Sell Turnover (GEM) up to day close today: NIL ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:39:24 +0800 <![CDATA[Short Sell Turnover (Main Board) up to day close Feb. 03]]> Short Sell Turnover (Main Board) up to day close today: Turnover CODE NAME OF STOCK (SH) ($) 1 CHEUNG KONG 356,000 37,338,700 2 CLP HOLDINGS 780,000 49,268,750 3 HK &amp; CHINA GAS 2,007,000 36,591,580 4 WHARF HOLDINGS 1,106,000 50,561,200 5 HSBC HOLDINGS 526,000 35,069,080 6 POWER ASSETS 1,007,500 56,274,400 8 PCCW 1,494,000 3,895,420 10 HANG LUNG GROUP 119... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:37:38 +0800 <![CDATA[Xinxin Mining (HKG:3833) sees sharp decrease of 2011 results]]> Xinjiang Xinxin Mining Industry (HKG:3833) warns that its financial results for the year ended 31 December 2011 are expected to decrease significantly as compared to those for the year ended 31 December 2010. The company considers that the significant decrease was mainly attributable to the following reasons: the average selling price of nickel cathode of th... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:35:11 +0800 <![CDATA[OPTN NEWS- NEW OPTION SERIES Feb. 03]]> The following new option series (both calls and puts) will be available for trading on 06 Feb 2012: CLASS EXPIRY MONTH EXERCISE PRICE CCB APR 12 $8.25/$8.5 CCB JUN 12 $8.25/$8.5 CCB SEP 12 $8.25/$8.5 CCB DEC 12 $8.25/$8.5 CCS FEB 12 $5.5/$5.75 CCS APR 12 $5.5/$5.75 CCS SEP 12 $5.5/$5.75 CCS DEC 12 $5.5/$5.75 CNC APR 12 $19 CNC SEP 12 $19 CNC DEC 12 $19 ESP F... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 20:33:46 +0800 <![CDATA[OPTN NEWS-Declared Erroneous - Options Error Trade Feb. 03]]> Pursuant to the Options Trading Rules 540, please be advised that the following trades are declared as error and will be cancelled. Contract Price Quantity No Time CCB8.50O2 0.12 19 19332636,19332637 15:39 CCB8.50O2 0.12 1 19332638,19332639 15:39 ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 16:53:30 +0800 <![CDATA[HSI rises 18 pts to close at 20757, up 1.25% this week]]> The Hang Seng Index gained 17.53 points, or 0.08%, to close today at 20,756.98 after fluctuations. Stock turnover totalled HK$63.569 billion, to which the Main Board contributed HK$63.439 billion. The HSI gained 1.25% for this week. The blue chips had mixed performance, with China Mobile (HKG:0941) falling 1.1% and Hutchison Whampoa (HKG:0013) gaining 3.3% f... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 16:51:23 +0800 <![CDATA[Citi raises C Transmission (HKG:0658) target by 25%]]> Citigroup has raised its price target for China High Speed Transmission Equipment (HKG:0658) by 25% from HK$3.6 to HK$4.49 to factor in higher overseas wind gearbox shipments and lowered capex forecasts from 2012. But the brokerage maintains its "Neutral" rating for the stock. The company's share price has dropped 62% since end-2010, and has mostly factored ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 16:50:44 +0800 <![CDATA[SRGL (HKG:0223) to claim against Hung Chen, Mega Wealth]]> Sino Resources Group (HKG:0223) announced that, Richael Hung Chen, Mega Wealth Capital Limited and Webright Limited, as the plaintiffs, filed a notice of discontinuance in court on 2 February 2012 to wholly discontinue High Court Action No. 316 of 2011 and that the costs of this action be paid by the plaintiffs to be taxed if not agreed. Sino Resources Group... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 16:50:15 +0800 <![CDATA[Hang Seng Index 20,756.98 +0.08% 02-03-2012]]> HK Shares End Flat Before US Jobs Data; Up 13% This Year So Far Hong Kong shares ended flat Friday ahead of a key U.S. jobs report that's likely to provide more clues on the health of the world's largest economy. The blue-chip Hang Seng Index rose 17.53 points, or 0.08%, to 20,756.98 after trading between 20,639.49 and 20,796.74 during the session. The index... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 16:00:47 +0800 <![CDATA[Shanghai Composite Index 2,330.41 +0.77% 02-03-2012]]> Shanghai stocks hit 8-week high as confidence growsSHANGHAI'S key stock index jumped to an eight-week high today as the industrial capital's holding increase and the authority's liquidity easing improved the investor sentiment. The benchmark Shanghai Composite Index continued yesterday's advance, rising 0.77 percent to 2,330.41 points and capping the first ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 15:01:24 +0800 <![CDATA[SSE Component Index 9,436.99 +0.58% 02-03-2012]]> ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 15:00:15 +0800 <![CDATA[Goldman rates Wynn Macau (HKG:1128) Sell, target $19.4]]> Goldman Sachs has reduced its price target for Wynn Macau (HKG:1128) from HK$19.5 to HK$19.4 and rated the stock "Sell", saying that the stock is unlikely to re-rate and could continue to underperform peers until there is visibility on market share stabilization. Wynn Macau's net profit attributable to owners for the fourth quarter of 2011 increased 15% on y... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 14:15:58 +0800 <![CDATA[Ch Zenith Chem (HKG:0362) chairman Chan Yuen-tung resigns]]> China Zenith Chemical (HKG:0362) announced that Chan Yuen-tung has resigned as the chairman, an executive director, a member of the nomination committee and remuneration committee of the company with effective from 2 February 2012 due to his personal reasons. Subsequent to Chan Yuen-tung's resignation, Foebe Chan-yuk, the CEO and an executive director of the... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 14:15:43 +0800 <![CDATA[Cathay (HKG:0293) freighter aircraft rolls onto grass]]> One of Cathay Pacific's (HKG:0293) freighter aircraft was involved in a towing incident at Hong Kong International Airport (HKIA) at 9:50 a.m. today, the company said. The Boeing 747-400 freighter was being towed on a taxiway from the airport's cargo area to the maintenance bay when the tow bar was accidentally disengaged. As a result, the aircraft rolled pa... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 14:14:38 +0800 <![CDATA[HSI falls 20.22 points to close at 20,719.23 midday]]> The Hang Seng Index ended midday at 20,719.23, down 20.22 points or 0.1%, after once falling almost 100 points. Stock turnover totalled HK$30.357 billion midday, mainly contributed by HK$30.292 billion from the Main Board. The blue chips had mixed performance, with heavy-weights HSBC Holdings (HKG:0005) and China Mobile (HKG:0941) both fell and Hutchison Wha... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 14:09:55 +0800 <![CDATA[Mongol Mining's (HKG:0975) BN mine commissioned]]> Mongolian Mining Corporation (HKG:0975) (MMC) announce that its Baruun Naran Coking Coal Mine (the BN mine) has been commissioned by the State Commission comprised of specialists from various government agencies of Mongolia on 1 February 2012. Khangad Exploration LLC, an indirect wholly-owned subsidiary of MMC, is the registered holder of the mining license ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 14:01:02 +0800 <![CDATA[Hang Ten (HKG:0448): offer becomes unconditional]]> Hang Ten Group (HKG:0448) announced that the offeror, Perfect Lead Investments Limited, has said that all the conditions of the offer have been fulfilled or waived on 2 February 2012 and the offer has become unconditional in all respects on the same date. As at 4:00 p.m. on 2 February 2012, valid acceptances of the offer have been received in respect of 886.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 13:34:40 +0800 <![CDATA[Sunlink (HKG:2336): HK court sanctions restructuring scheme]]> The provisional liquidators of Sunlink International (HKG:2336) announced that at the Hong Kong court hearing held on 2 February 2012, the court sanctioned the scheme in relation to the company's restructuring. The scheme will become effective and legally binding on the company and the creditors under the scheme when the relevant court order is delivered to ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 13:07:06 +0800 <![CDATA[Heritage (HKG:0412) buys Mascotte (HKG:0136) notes at $180M]]> Heritage International (HKG:0412) announced that it has acquired from Quinella International Incorporated the unsecured notes due 2014 in the aggregate principal amount of HK$200 million issued by Mascotte Holdings (HKG:0136) at a total consideration of HK$180 million. The notes's interest shall accrue daily on the principal amount of the outstanding notes a... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 13:06:20 +0800 <![CDATA[SBI (HKG:6488) considers separate listing of AXES on KOSDAQ]]> SBI Holdings (HKG:6488) announced that it is considering a possible spin-off and separate listing of the wholly-owned subsidiary, AXES Holdings, Co., Ltd., an investee company principally engaged in online settlement service business, on the KOSDAQ Market of the Korea Exchange. On 1 February 2012, AXES Holdings submitted a listing application to the Korea Ex... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 13:05:30 +0800 <![CDATA[Allied Gp (HKG:0373) unit provides $33M loan to mining co]]> Allied Group (HKG:0373) announced that its 72.34%-owned subsidiary, Allied Properties (HKG:0056), has entered into the fourth deed of variation with the borrower principally engaged in gold mining operations and mineral exploration to make available to the borrower a loan facility in an amount of HK$33 million for the same purposes as prior transactions. The... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 13:05:02 +0800 <![CDATA[Short Sell Turnover (NASDAQ Stocks)up to morning close Feb.03]]> Short Sell Turnover (NASDAQ Stocks) up to morning close today: NIL ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 12:36:27 +0800 <![CDATA[Short Sell Turnover (GEM) up to morning close Feb.03]]> Short Sell Turnover (GEM) up to morning close today: NIL ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 12:35:50 +0800 <![CDATA[Short Sell Turnover (Main Board) up to morning close Feb,03]]> Short Sell Turnover (Main Board) up to morning close today: Turnover CODE NAME OF STOCK (SH) ($) 1 CHEUNG KONG 184,000 19,279,300 2 CLP HOLDINGS 455,500 28,792,100 3 HK &amp; CHINA GAS 456,000 8,321,460 4 WHARF HOLDINGS 419,000 18,990,400 5 HSBC HOLDINGS 263,200 17,539,120 6 POWER ASSETS 472,500 26,393,750 8 PCCW 1,135,000 2,949,130 10 HANG LUNG GROUP 56,000... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 12:34:04 +0800 <![CDATA[HSI opens 59 points lower at 20,681]]> The Hang Seng Index opened 59 points lower at 20,681 this morning.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 11:00:42 +0800 <![CDATA[Shanghai offshore wind farm claims world first]]> Sinovel, China's largest wind turbine maker, will put a set of 6-megawatt (mw) wind turbines into operation off the coast of Shanghai in what is claimed to be the world's first large-scale commercial application of such powerful offshore wind turbines.Sinovel will supply Huaneng Renewables, a leading Chinese wind farm developer, with 17 units of 6-mw offshor... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 10:50:59 +0800 <![CDATA[Imports, exports of Zhejiang Province in 2011 hit $309.4 bln]]> A customer (Top) talks about business with a shopkeeper at a shop in Yiwu International Trade Center in Yiwu, east China's Zhejiang Province, Dec. 18, 2011. The total value of imports and exports of Zhejiang Province in 2011 reached 309.4 billion US dollars, a 22 percent growth comparing with that of 2010, according to Hangzhou Customs. The overall expo... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 10:48:53 +0800 <![CDATA[China Ppt Inv (HKG:0736) to allow Simsen to sell prom note]]> China Properties Investment (HKG:0736) announced that its directors have, during a meeting held on 2 February 2012, proposed to grant consent to Simsen Capital Finance Limited for the disposal of the promissory note which was given as security for a loan extended by Simsen Capital Finance to Make Success Limited. The terms of the disposal have yet to be fina... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 10:32:12 +0800 <![CDATA[NWS (HKG:0659) to issue US$500M bonds]]> NWS Holdings Limited (HKG:0659) announced that Rosy Unicorn Limited (the Issuer), a wholly-subsidiary of the Company, and the Company entered into the subscription agreement with the Joint Lead Managers on 2 February 2012 in relation to an international offering of US$500 million 6.50% guaranteed bonds due 2017. The net proceeds from the bond issue, which wi... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 10:31:31 +0800 <![CDATA[Zijin Mining (SHA:601899, HKG:2899) expects 2011 net profit to rise 20%]]> In an announcement on 2011 results estimation, Zijin Mining (SHA:601899, HKG:2899)says that it expects RMB5.795 million net profit attributable to shareholders for the year, representing an increase of 20.03% over 2010. Basic EPS is estimated at RMB0.266. Operating revenue is expected to be RMB39.816 billion, up 39.51% on year. The increase in operating resu... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 10:30:58 +0800 <![CDATA[Rosedale (HKG:1189) sells package tours biz]]> Rosedale Hotel Holdings Limited (HKG:1189) announced that it has agreed to sell 10% of the issued share capital of HKWOT, at a consideration of US$9.44 million (HK$73.6 million). The net proceeds will be used for general working capital and funding of any potential investments available to the Group in future. The estimated gain on the disposal will be HK$16... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 10:30:38 +0800 <![CDATA[Wen says China considers contributing to European stability fund]]> China supports European efforts to stabilize the euro and is looking into how it can help resolve the region's debt crisis, Chinese Premier Wen Jiabao said at a briefing with German Chancellor Angela Merkel, news from Bloomberg. Wen said solving the European debt crisis is "urgent," and called for greater international cooperation. "China is also considering... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:59:13 +0800 <![CDATA[Flyke (HKG:1998) repurchases 100K shares]]> Flyke International Holdings (HKG:1998) bought back 100K shares at between $0.92 per share, or a total of $9.2K on February 2. ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:47:52 +0800 <![CDATA[China Water Affairs (HKG:0855) repurchases 288K shares]]> China Water Affairs (HKG:0855) bought back 288K shares at between $2.35 and $2.45 per share, or a total of $701.72K on February 2.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:46:49 +0800 <![CDATA[Tomson Group (HKG:0258) repurchases 76K shares]]> Tomson Group Limited (HKG:0258) bought back 76K shares at between $2.04 and $2.05 per share, or a total of $155.44K on February 2. ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:44:52 +0800 <![CDATA[Daido Gp (HKG:0544) expects substantial loss for 2011]]> Daido Group (HKG:0544) has said that it expects a substantial loss for the year ended 31 December 2011 as compared to the loss for the corresponding period in 2010. The expected loss is primarily attributable to substantial expenses incurred for the setup of the group's KTV business in mainland China, and increase in the group's costs of operation, which led... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:44:01 +0800 <![CDATA[Feb HSI futures open 43 points lower at 20,729]]> February HSI futures opened 43 points lower at 20,729 this morning.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:42:30 +0800 <![CDATA[Mainland banks move closer to opening Taiwan branches]]> Taiwan approved Thursday the Bank of China and Bank of Communications to remit operation funds to their Taipei offices as the mainland headquartered banks prepare to open branches on the island.The two commercial banks are allowed to shift 1.2 billion New Taiwan dollars (40 million U.S. dollars) and 1.55 billion New Taiwan dollars, respectively, for the run... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:40:28 +0800 <![CDATA[China to balance grain market through imports]]> Even though China's grain output hit a record high last year, the country will continue to maintain grain imports at appropriate levels to balance market demand and supply, a senior official said Thursday.The country still imports corn because of the need to balance regional demands, Chen Xiwen, director of the Office of Central Rural Work Leading Group, sai... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:39:02 +0800 <![CDATA[Glencore (HKG:0805) talks to Xstrata to merge shares, resumed]]> Glencore International plc (HKG:0805) announced that it has noted an announcement by Xstrata plc on 2 February 2012 regarding a possible all share merger of equals between Xstrata and Glencore. There can be no certainty that any offer will be made, Glencore said. Trading in the shares of Glencore will resume this morning. As announced by Xstrata, Xstrata has... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:29:50 +0800 <![CDATA[San Miguel (HKG:0236) 2011 NL narows to $53.5M; no div]]> Results of San Miguel Brewery Hong Kong Ltd. (HKG:0236) for the fiscal year ended 31 December 2011: Net loss: HK$53.464M (2010 net loss: HK$736.984M)LPS: HK 14 centsDividend: nil... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:28:57 +0800 <![CDATA[Previous Closing Adjustment for Stock BJ YUSHENGTANG<02982> Feb. 03]]> Please be informed that the 'PRV CLOSE' (Previous Closing Price) on the stock page of the trading terminals / devices of BJ YUSHENGTANG (Stock Code: 2982) will not be adjusted and will be presented as 'N/A' on today (03/02/2012), the ex-date. This arrangement is made on the grounds that the exact value of the Bonus Warrants is not known on the ex-date. ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:25:36 +0800 <![CDATA[The Exchange News Feb. 03]]> 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 otherwise) for any loss or damage arising from any inaccuracies or omissions. ... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:16:58 +0800 <![CDATA[Open interests of Feb HSI futures cut 4,756 to 86,610]]> Open interests of February HSI futures decreased 4,756 to 86,610 yesterday while those of March HSI futures added 70 to 5,822.... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 09:16:06 +0800 <![CDATA[Facebook IPO likely to boost China's SNS]]> Facebook's planned initial public offering (IPO) is likely to give impetus to China's social networking service (SNS) and boost its development, industry insiders say.Facebook filed with the U.S. Securities and Exchange Commission on Wednesday to raise 5 billion U.S. dollars in a preliminary IPO, one of the largest technology offering so far."Facebook's IPO... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 08:29:21 +0800 <![CDATA[Slowdown but no hard landing in 2012]]> BEIJING - Although forecasts for China's growth rate vary, analysts and economists agree that the world's second-largest economy will achieve a soft landing in 2012, with the prospect of further easing measures. "We expect the debt crisis in Europe and the weak recovery in the United States to reduce demand and cause a drag on China's export-dependent econom... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 08:29:08 +0800 <![CDATA[China's electronics exports, imports up 11.5 pct in 2011]]> The export and import value of China-made electronics rose 11.5 percent year-on-year to 1.13 trillion U.S. dollars in 2011, the Ministry of Industry and Information Technology (MIIT) said on Thursday.The figure accounted for 31 percent of the country's total foreign trade, the MIIT said.Of the total trade, exports rose 11.9 percent year-on-year, contributing... Chinesestock.org http://www.chinesestock.org Fri, 03 Feb 2012 08:16:26 +0800 <![CDATA[Ch Fin Leasing (HKG:2312) ED Lin Wen-pin resigns]]> China Financial Leasing Group (HKG:2312) announced that Lin Wen-pin resigned as an executive director of the company with effect from 1 February 2012 due to increased commitment on his own business. my github ent trial will be expired next week... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 20:48:30 +0800 <![CDATA[Hi Sun Tech (HKG:0818) expects to turn into red for 2011]]> Hi Sun Technology (China) Limited (HKG:0818) said that it is expected that the group will record a loss for the year ended 31 December 2011 as compared to a profit in 2010. The expected loss was mainly attributable to i) the recognition of a gain in 2010 on the deemed disposal of the company's interest in PAX Global Technology Limited (HKG:0327) accompanied... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:30:25 +0800 <![CDATA[China Yuan Up Late; Tracks Dollar Weakness Overseas]]> Vs Parity Previous USD/CNY Central Parity 6.3075 6.3103 USD/CNY OTC 0830 GMT 6.3018 -0.09% 6.3067 High 6.3063 -0.02% Low 6.2980 -0.15% China's yuan rose against the U.S. dollar late Thursday after the central bank guided the Chinese currency higher in... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:29:07 +0800 <![CDATA[HK Closing Gold HK$16,248/Tael Vs Previous Close HK$16,161/Tael]]> (Tael = 1.1913 ounces) Source: Chinese Gold &amp; Silver Exchange Society via Thomson Reuters... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:28:35 +0800 <![CDATA[HK Dollar Up Late On Strong Stocks; Seen Rangebound]]> Latest Change USD/HKD Spot 7.7555 -0.0010 1-year USD/HKD Forward* -24 -7 Overnight Hibor 0.02% -14 bps 1-month Hibor 0.25% -8 bps 3-month Hibor 0.40% +3 bps 1-year Hibor 0.90% Unchanged 2-year EF Note 0.23% -3 bps 10-year... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:27:44 +0800 <![CDATA[Anxin (HKG:1149) expects substantial increase in net profit FY2011]]> Anxin-China Holdings Limited (HKG:1149) said that it is expected to record a substantial increase in profit for the year ended 31 December 2011 as compared to the profit for the year ended 31 December 2010. Such increase is mainly due to the increase in the revenue of the group, which is mainly attributable to the group's effort in expanding sales projects. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:17:18 +0800 <![CDATA[Kingdee ((HKG:0268):Feng Guo Hua has resigned as ED]]> Kingdee International Software Group Company Limited (HKG:0268) announced that that Feng Guo Hua has resigned as the executive director and president of the company and chief executive officer of Kingdee Software(China) Co., Ltd, a wholly-owned subsidiary of the company due to his family andpersonal reasons, and Feng has been appointed as the strategic consu... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:16:59 +0800 <![CDATA[C Comm Tele Ser (HKG:8206) expects 9-month turnaround]]> China Communication Telecom Services Company Limited (HKG:8206) announced that, benefited by the gain on disposal of a subsidiary and a waiver of interest payable under a promissory note issued by a subsidiary, it expects that a profit in the unaudited consolidated management accounts of the group for the nine months ended 31 December 2011 as compared to a l... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:16:41 +0800 <![CDATA[Huadian Power (HKG:1071): parent to inject assets in 5 years]]> Huadian Power International Corporation Limited (HKG:1071) announced that it has received from its controlling shareholder, China Huadian Corporation (China Huadian), "An Undertaking on Relevant Matters for Further Avoidance of Business Competition by China Huadian Corporation with Huadian Power International Corporation Limited". Whilst China Huadian will c... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:16:20 +0800 <![CDATA[Dragonite (HKG:0329) expects increase in loss in 2011]]> Dragonite International (HKG:0329) has warned that it expects an increase in loss for the year ended 31 December 2011 as compared to the year ended 31 December 2010. The loss is mainly due to the net realized and unrealized losses of financial assets at fair value through profit or loss. The company plans to announce its 2011 results next month. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:16:02 +0800 <![CDATA[C Transmission (HKG:0658) sees sharp decrease of profit in 2011]]> China High Speed Transmission Equipment (HKG:0658) says that it expects profit for the year ended 31 December 2011 to record a significant decrease as compared to that for 2010. Such significant decrease in profit is mainly attributable to: decrease in revenue resulting from postponement of the delivery of wind gearbox products requested by certain customers... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:15:39 +0800 <![CDATA[SHKP (HKG:0016) applies for listing of US$275M instruments]]> Application has been made to the Stock Exchange of Hong Kong for the listing of and permission to deal in the US$275 million 3.5% instruments due 2016 issued under the Programme for the Issuance of Debt Instruments (to be consolidated and form a single series with the US$500 million 3.5% instruments due 2016 issued on 2 November 2011) by way of issuance to p... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:15:20 +0800 <![CDATA[S&P downgrades Chalco's (SHA:601600, HKG:2600) long-term rating to BBB]]> Standard &amp; Poor's Ratings Services said today that it lowered its foreign currency long-term corporate credit rating on China-based aluminum producer Aluminum Corporation of China Ltd. (SHA:601600, HKG:2600) (Chalco) to "BBB" from "BBB+". The outlook on the corporate credit rating is negative. The ratings firm also lowered its Greater China credit scale ... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 19:14:44 +0800 <![CDATA[CS: Chow Tai Fook (HKG:1929) target price $15.72]]> Credit Suisse has initiated its coverage on Chow Tai Fook Jewellery (HKG:1929) with a "NEUTRAL" rating. The brokerage's target price of HK$15.72 for the stock represents 9.2% upside potential from yesterday's closing price of HK$14.4.... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 17:28:42 +0800 <![CDATA[UBS downgrades China COSCO (SHA:601919, HKG:1919) to Sell]]> UBS has downgraded China COSCO Holdings (SHA:601919, HKG:1919) from "Neutral" to "Sell" and lowered its price target for the stock from HK$4.34 to HK$4.05. UBS says that, after recent rally, China COSCO is no longer cheap, as it has approached a P/B ratio of 1x. The brokerage believes that downside risks exist to the company's share price considering the com... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 17:22:39 +0800 <![CDATA[Goldman raises Sands China (HKG:1928) target to $29.5]]> Goldman Sachs has raised its EBITDA estimates for Sands China (HKG:1928) for 2012 and 2013 7% and 3% respectively and raised price target for the stock from HK$28.3 to HK$29.5, the brokerage firm now assumes the first opening of Sands Cotai Central at the end of the first quarter this year. The brokerage firm maintains its "Buy" rating for the stock.... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 17:22:25 +0800 <![CDATA[China releases three indices for strategic emerging industries]]> Edited and translated by People's Daily OnlineThe Shenzhen Stock Exchange and Shenzhen Securities Information Company jointly released three indices for strategic emerging industries on Feb. 1, including the Shenzhen Strategic Emerging Industries Index, SME Board Strategic Emerging Industries Index, and ChiNext Strategic Emerging Industries Index. The sample... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 17:01:31 +0800 <![CDATA[OPTN NEWS- NEW OPTION SERIES Feb.02]]> The following new option series (both calls and puts) will be available for trading on 03 Feb 2012: CLASS EXPIRY MONTH EXERCISE PRICE A50 APR 12 $13.5 ABC APR 12 $4.3 BCL APR 12 $3.8 BCM FEB 12 $7.5 BCM APR 12 $7.5 BCM SEP 12 $7.5 BCM DEC 12 $7.5 BIH APR 12 $15.5 BOC APR 12 $25 BYD FEB 12 $29 BYD APR 12 $29 BYD SEP 12 $29 BYD DEC 12 $29 CCC APR 12 $8.5 CCE A... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 16:48:11 +0800 <![CDATA[Short Sell Turnover (NASDAQ Stocks) up to day close Feb.02]]> Short Sell Turnover (NASDAQ Stocks) up to day close today: NIL ... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 16:46:37 +0800 <![CDATA[Short Sell Turnover (GEM) up to day close Feb,02]]> Short Sell Turnover (GEM) up to day close today: NIL ... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 16:45:42 +0800 <![CDATA[Short Sell Turnover (Main Board) up to day close Feb.02]]> Short Sell Turnover (Main Board) up to day close today: Turnover CODE NAME OF STOCK (SH) ($) 1 CHEUNG KONG 330,000 34,316,500 2 CLP HOLDINGS 624,500 39,552,850 3 HK &amp; CHINA GAS 1,607,000 29,139,440 4 WHARF HOLDINGS 826,000 37,074,000 5 HSBC HOLDINGS 3,312,800 221,250,580 6 POWER ASSETS 666,000 37,040,100 8 PCCW 1,366,000 3,425,490 10 HANG LUNG GROUP 35,0... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 16:45:10 +0800 <![CDATA[China has great potential in mobile application development]]> Edited and translated by People's Daily OnlineWith the explosive growth of the mobile Internet and the rapidly growing popularity of smartphones and tablet computers, Chinese governmental agencies are increasingly using application stores as a new platform for introducing China to the world. Previously, China was lagged behind in Internet technology, and was... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 16:40:03 +0800 <![CDATA[China limits foreigners' housing mortgage]]> The National Development and Reform Commission (NDRC), China's top economic planner, just released a notice, limiting mortgages for foreigners purchasing properties in China, the Shanghai Securities Journal reported Thursday. The notice said the long-term foreign debt demand of branches of foreign banks in China for foreigners' mortgage on buying properties ... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 16:28:36 +0800 <![CDATA[Online shopping revenue to hit 800b yuan]]> The total online shopping revenue in China for 2011 is expected to hit 800 billion ($127 billion) yuan, with 3.65 billion pieces of express mail and parcels sent, said He Liming, chairman of China Federation of Logistics and Purchasing.In 2010, people spent 450 billion yuan on online shopping, according to figures from the Ministry of Commerce.However, the d... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 16:27:07 +0800 <![CDATA[Hang Seng Index 20,739.45 +2.00% 02-02-2012]]> HK Shares End Up On Economic Data; Commodities, Casinos Light The Way Hong Kong shares ended Thursday at their highest closing level of 2012 following positive economic data in the U.S. and Europe, with commodity firms leading the gains. The blue-chip Hang Seng Index rose 406.08 points, or 2.0%, to 20,739.45 after trading between 20,564.97 and 20,761.70 duri... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 16:00:01 +0800 <![CDATA[Google JV seeks approval for map services in China]]> Edited and Translated by Han Shasha, People's Daily Online As of February 1, companies that have not applied for the license are not allowed to provide online mapping services in China, according to National Administration of Surveying, Mapping and Geoinformation.Google Inc.s joint venture in china, Beijing Guxiang Information and Technology Co., Ltd, appli... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 15:30:39 +0800 <![CDATA[China to manage resource products according to WTO rules]]> Edited and translated by People's Daily OnlineOn Jan. 30, the World Trade Organizations Appellate Body ruled that Chinas use of export duties and quotas on industrial materials has breached free trade rules. The case was filed by the United States, the European Union and Mexico.An official from the Ministry of Commerce of China said that China welcomes the... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 15:29:25 +0800 <![CDATA[Stronger ties with mainland will buoy HK, experts say]]> HONG KONG / BEIJING - Hong Kong should count on inbound tourism and closer cooperation with the Chinese mainland to support its economic growth, which is forecast to slow significantly during the year due to a slump in exports, experts said. The local economy could see a downturn in the first quarter should exports plunge during the first three months, Hong ... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 15:22:50 +0800 <![CDATA[China to release more detailed PMI data]]> Edited and translated by People's Daily OnlineChina will release a more detailed Purchasing Managers' Index (PMI), a major indicator of economic activity, for different industries and regions step by step, and expand the sample size for compiling the index, in order to meet growing social needs, the Services Survey Center under the National Bureau of Statist... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 15:15:15 +0800 <![CDATA[IPhone 4S available online in China]]> Apple in China began selling its iPhone 4S model online at 11am Wednesday, much to the delight of its fans, Oriental Morning Post reported.The reservation system has proved to be smooth and is now under operation, the paper said.The launch of iPhone 4S in Sanlitun in Beijing was halted a few weeks ago due to scalpers, while Apple stores in Hong Kong introduc... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 15:11:52 +0800 <![CDATA[Policies, developers' cuts push housing prices down again]]> BEIJING - China's home prices fell for a fifth month in January as the government maintained its curbs on the property sector and more developers cut prices to stimulate sales.According to SouFun Holdings Ltd, the nation's biggest real estate website portal, property prices nationwide fell 0.18 percent last month from December. Prices dropped in 60 of 100 ci... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 15:03:17 +0800 <![CDATA[Shanghai Composite Index 2,312.56 +1.96% 02-02-2012]]> Stocks jump as 'green shoots' of recovery seenSHANGHAI'S stock market closed with the biggest gains in two weeks today after better-than-expected manufacturing data and new measures to help private small businesses strengthened investor confidence in China's ability to engineer a soft economic landing. The benchmark Shanghai Composite Index jumped 1.96 perc... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 15:01:16 +0800 <![CDATA[SSE Component Index 9,382.13 +2.05% 02-02-2012]]> ... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 15:00:03 +0800 <![CDATA[Angry Birds opens online store]]> Angry Birds spinoff products on display at the Macworld Asia 2011 in Beijing. (File Photo) Rovio Entertainment Ltd, the maker of the popular game Angry Birds, on Thursday officially opened its virtual store on Tmall.com, China's biggest e-commerce website where companies sell to customers.The hit game developer is attempting to further cash in on the C... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 14:55:40 +0800 <![CDATA[China's gold output up 5.89% to 360.96 tonnes in 2011]]> A shop assistant shows a dragon-shaped gold decoration at a gold shop in Beijing, capital of China, Feb. 1, 2012. China's gold output rose 5.89 percent year-on-year to 360.96 tonnes in 2011, marking a record high and ranking the highest in the world for the fifth consecutive year, the China Gold Association said Tuesday. (Xinhua/Liu Changlong) ... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 14:49:16 +0800 <![CDATA[Short Sell Turnover (Main Board) up to morning close Feb. 02]]> Short Sell Turnover (Main Board) up to morning close today: Turnover CODE NAME OF STOCK (SH) ($) 1 CHEUNG KONG 136,000 14,148,400 2 CLP HOLDINGS 435,500 27,584,075 3 HK &amp; CHINA GAS 599,000 10,886,520 4 WHARF HOLDINGS 389,000 17,422,300 5 HSBC HOLDINGS 1,273,200 84,694,420 6 POWER ASSETS 216,500 12,021,750 8 PCCW 798,000 1,994,520 10 HANG LUNG GROUP 10,00... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 14:45:25 +0800 <![CDATA[Google's mapping service hits a bump in the road]]> Web firm unable to introduce new features without necessary license BEIJING - The search engine Google Inc is unable to provide "new" online mapping services in China. That's because the company has yet to receive a license to conduct the business from China's industry regulator, citing a deadline of Feb 1. The news is a negative signal for the company's ope... Chinesestock.org http://www.chinesestock.org Thu, 02 Feb 2012 13:37:32 +0800