China insights - Chinese Stock Market Information en-us Copyright 2008 Chinese Stock Information Fri, 03 Jul 2009 07:34:17 +0800 China insights - Chinese Stock Market Information http://www.chinesestock.org/logo.jpg http://www.chinesestock.org <![CDATA[Date set for investors in GEM]]> INVESTORS can apply to open an account to trade stocks on the growth-enterprise market on July 15, a further step toward the introduction of the long-anticipated Nasdaq-patterned financing platform. China's securities regulator issued the threshold for investors on Wednesday, regulating that investors who have traded stocks for more than two years need to si... Chinesestock.org http://www.chinesestock.org Fri, 03 Jul 2009 07:31:57 +0800 <![CDATA[Blue chips lead gains as bourse rises 1.7%]]> SHANGHAI'S key stock index rose nearly 2 percent yesterday amid upbeat market sentiment after the barometer passed the psychological 3,000 mark on Wednesday.The benchmark Shanghai Composite Index added 1.73 percent, or 52.1 points, to close at 3,060.25. Turnover rose to 181.11 billion yuan (US$26.63 billion) from 153.79 billion yuan on Wednesday."Market conf... Chinesestock.org http://www.chinesestock.org Fri, 03 Jul 2009 07:31:19 +0800 <![CDATA[Exclusive: Experts analyze main problems in China's economy]]> People's Daily recently gathered economic experts' opinions on China's economy to help point out its main problems.The economic growth rate is relatively low. One explanation is that market demand still depends on foreign economies, but China's major trade partners' economic situations are gloomy, leading to a significantly reduced market demand. The future ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:11:09 +0800 <![CDATA[How to improve China's economy]]> People's Daily recently gathered economic experts' proposals on the future development of China's economy amid the global financial crisis.There should be more financial subsidies to support the technological upgrading of enterprises and individuals to start their own business so as to expand domestic demand and open up the market. Commercial banks need to c... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:10:52 +0800 <![CDATA[Total farmer income to increase by 10 billion yuan this summer]]> This year's summer grain output is expected to exceed 122.5 billion kilograms, marking the first consecutive 6-year growth in grain output since the founding of the PRC according to a forecast by the Ministry of Agriculture.By June 25, various food enterprises had purchased 20.68 million tons of wheat, newly-harvested in the 8 major wheat production province... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:10:31 +0800 <![CDATA[International retail purchases in China rise]]> The fourth International Retail Group Purchasing Fair just came to an end in Nanjing. Over 10,000 types of commodities in 400 categories were purchased by 47 International retail groups, translating into nearly 6 billion yuan of signed contracts, the largest amount of deals in the event's history. Both domestic and overseas buyers and suppliers signed purcha... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:10:12 +0800 <![CDATA[Survey shows Chinese mainland had more rich than UK]]> Chinese mainland had more rich people than the UK in 2008, rising to fourth position in the world rankings, according to a survey conducted by an institution under Merrill Lynch. However, some foreign media agencies have said that the excessive centralization of wealth in China is concerning, believing that, with the fastest growth in luxurious goods consump... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:09:23 +0800 <![CDATA[China trade figures continue to fall in June, but rate of decline eases]]> China's trade figures continued to fall year-on-year in June, but the rate of decline eased over the May figure, vice commerce minister Chen Jian said in Beijing on July 2. Chen told a news conference that in the first half year certain products rebounded. However, he did not give more details about trade data. In the first five months, China's trade fell 24... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:09:02 +0800 <![CDATA[Liaoning's coastal economic belt's attracts foreign investment]]> Since its establishment in 2005, Liaoning Province's coastal economic belt's foreign investment annual growth rate has been over 50 percent in the last four years, which is the highest nationwide. The economic belt has already become a new platform for opening-up Liaoning Province and other provinces in northeast China and east Inner Mongolia. It has also be... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:08:45 +0800 <![CDATA[Ministry says China to roll out policies to allow domestic listing of foreign firms]]> Chen Jian, Vice Minister of Commerce, said Thursday that China will research into policies that will allow domestic listing of overseas firms, in efforts to secure stable foreign direct investment. Chen made the remarks at a press conference of the 13th China International Fair for Investment and Trade held in Beijing. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:07:48 +0800 <![CDATA[Chinas second ARJ21-700 aircraft makes successful debut flight]]> The ARJ21-700 plane was tested successfully in Shanghai on July 1. This is the second aircraft that China owns 100% independent intellectual property rights. This is another success after the first plane of this type was tested last year, and marks a significant step towards getting its Airworthiness Certificate on time.It is reported that another two ARJ21... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:07:32 +0800 <![CDATA[Cardin takeover poses challenges for Chinese firms]]> The ongoing attempt by Chinese companies to take over the licenses of the world-renowned Pierre Cardin brand is a sign of the growing strength of Chinese apparel firms, say analysts.But analysts are skeptical whether the Chinese firms have the management skills to ensure the long-term success of a brand that has become too "scattered", due to the parceling o... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:06:49 +0800 <![CDATA[Macao's gaming revenues fall 12% in first half of 2009]]> Macao's gross gaming revenues for the first half of this year dropped by 12 percent year-on-year to 51.5 billion patacas (6.52 billion U.S. dollars), the Macao Post Daily reported on Thursday, quoting unnamed government sources. Local gaming sector generated 8.25 billion patacas (1.04 billion dollars), a decrease of 17 percent from the same period of last ye... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:06:33 +0800 <![CDATA[Hong Kong stocks close 1.09% lower]]> After closing for a holiday of the 12th anniversary of Hong Kong's return to China on Wednesday, local stocks gained sharply at the beginning and ended low at 18, 178.05 on Thursday. The Hang Seng index went down 200.68 points, or 1.09 percent, trading between 18,780.96 and 18,053.10. Turnover totaled 68.38 billion HK dollars (8.83 billion U.S. dollars). Alt... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:06:15 +0800 <![CDATA[China issues detailed measures regulating cross-border trade settled in yuan]]> China has issued detailed measures to regulate the pilot program for cross-border trade settled in yuan, according to a document released on July 2 by the central bank. The document posted on website of People's Bank of China specified how to make transactions using the yuan to settle trade with Hong Kong, Macau and regional trade partners. China's State Cou... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:05:50 +0800 <![CDATA[Chinese shares climb to 13-month high]]> Chinese equities gained 1.73 percent to 13-month high on July 2 led by oil heavyweights. The benchmark Shanghai Composite Index on Shanghai bourse closed at 3,060.25 points, up 52.10 points, or 1.73 percent. The Shenzhen Component Index closed at 11,970.72 points, up 121.97 points, or 1.03 percent. Total turnover expanded to 266.19 billion yuan (39.15 billio... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:04:34 +0800 <![CDATA[Chinalco confirms buying $1.5 bln of Rio Tinto shares]]> Aluminum Corporation of China (Chinalco) confirmed Thursday it had bought 1.5 billion U.S. dollars of Rio Tinto shares to cement its 9 percent shareholding in the miner. The deal was made to maximize the interests of Chinalco, Lu Youqing, Chinalco's vice president, told Xinhua. If Chinalco did not made the deal, its shareholding in the miner would decrease f... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 23:04:15 +0800 <![CDATA[SRE Group (HKG:1207) issued 149 million shares for Conversion of Convertible Bonds]]> SRE Group (HKG:1207) announced that will issued 149 million shares for Conversion of Convertible Bonds , as the result of giving notices from the Subscribers, holding the Convertible Bonds in an aggregate principal outstanding amount of HK$82.5 million, convert all outstanding Convertible Bonds at the conversion price of HK$0.55 per Share on 30 June 2009. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 22:05:20 +0800 <![CDATA[R&F Propert (HKG:2777) 1H contracted sales RMB12.8B]]> Guangzhou R&amp;F Properties (HKG:2777) today announces the contracted sales for the first half of 2009 amounted to approximately RMB12.83 billion, representing 58% of the group's full-year contracted sales target of RMB22 billion. The GFA sold was approximately 1.346 million square metres.For June alone, the contracted sales rose 78% from a year ago to RMB2... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 22:04:31 +0800 <![CDATA[SFC: SHK & Co (HKG:0086), KGI completes buyback of Lehman minibonds]]> The SFC has been notified by Sun Hung Kai Investment Services Ltd, wholly owned by Sun Hung Kai &amp; Co. (HKG:0086), and KGI Asia (KGI) that they have completed their voluntary Lehman Brothers minibond repurchase initiatives.Sun Hung Kai and KGI separately undertook to repurchase outstanding Lehman Brothers minibonds from eligible clients as part of the agr... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 22:03:32 +0800 <![CDATA[Cheng Yu-tung adds 3M share of New Times (HKG:0166)]]> New World Development (HKG:0017) chairman Cheng Yu-tung has increased his long position in New Times Group (HKG:0166) from 252.26 million shares (7.19%) to 255.26 million shares (7.27%), after he bought 3 million shares of the company on June 29 at $0.55 per share, the Stock Exchange's SDI information shows. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 22:02:05 +0800 <![CDATA[Dongyue (HKG:0189) appoints Ng Kwok-choi as company sec]]> Dongyue Group (HKG:0189) announced that Wong Kwok-kuen resigned from his position as the company secretary, qualified accountant, authorized representative and financial controller of the company with effect from July 3 for personal reasons to further his career development. Wong confirmed that he has no disagreement with any member of the board.The board fu... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:54:46 +0800 <![CDATA[Yizheng Chem (HKG:1033) sees 1H results in black]]> Sinopec Yizheng Chemical Fibre (HKG:1033) said it expects to report a net profit attributable to equity shareholders for the first half of 2009, compared to a net loss of RMB263.749 million a year ago.The level of profit of the second quarter is better than that of the first quarter, the company said in a statement.In the first half of 2009, with the slow in... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:53:16 +0800 <![CDATA[SE ASIA PPT (HKG:0252) issued profit warning]]> SE ASIA PPT (HKG:0252) issued profit warning and expected that the profit of the Company for the year ended 31 March 2009 will show a significant decline as compared to that of the year ended 31 March 2008, which mainly arise from the fair value changes on the Groups investment properties and listed securities as a result of the downturn in property and fin... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:52:20 +0800 <![CDATA[SE Asia Properties (HKG:0252) expects significant profit decline]]> Southeast Asia Properties &amp; Finance (HKG:0252) has warned that its profit for the year ended March 31 is expected to show a significant decline as compared to that of the prior year, as a result of the global and local economic turmoil.The earnings were mainly hurt by the fair value changes on investment properties and listed securities as a result of th... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:51:32 +0800 <![CDATA[Smallest and oldest republic ready for extravaganza]]> an artist's rendition of San Marino's exhibition entrance to San Marino's exhibition A multi-projection video shows San Marino's characteristics, history, traditions, landscape, tourist attractions and citizens' lifestyle. The Republic of San Marino, the world's smallest and oldest republic, will display a full-size reproduction of its Statue of Liberty at ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:50:36 +0800 <![CDATA[StanChart (HKG:2888) names John Peace chmn]]> Standard Chartered PLC (HKG:2888) has appointed John Peace as Chairman with immediate effect.John Peace joined the Board of Standard Chartered as Deputy Chairman in August 2007 and has been Acting Chairman since 14 January 2009, working closely with Group Chief Executive Peter Sands, the Board and the executive management team.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:50:30 +0800 <![CDATA[Three new Expo publications]]> cover of the Expo-themed book cover of the Expo-themed book cover of the Expo-themed book Three new Expo-themed books have been published by staff of the official magazine of World Expo Shanghai, "2010 Shanghai Expo," as a celebration of the 300-day countdown to the 2010 Expo which falls on July 5. The books explore the Expo theme of "Better City, Better L... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:49:45 +0800 <![CDATA[FUFENG GROUP (HKG:0546) expected the profit growth]]> FUFENG GROUP (HKG:0546)'s unaudited profit attributable to the shareholders for the six months ended 30 June 2009 is expected to be higher than the Groups profit attributable to the shareholders for the year ended 31 December 2008, which is mainly due to market consolidation and continued improvement in the business environment, which led to enable the gro... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:49:24 +0800 <![CDATA[Publisher sought for booklets]]> World Expo 2010 organizers are looking for publishers nationwide for two official booklets to offer guidance to visitors and participants during the Expo. The process will run from July 6 to 27 and detailed information is available at www.expo2010.cn, www.gapp.gov.cn and cbj.sh.gov.cn. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:49:19 +0800 <![CDATA[Lee Hing (HKG:0068) repurchases 1K shares]]> Lee Hing Development (HKG:0068) bought back 1,000 shares at $3 per share, or a total of $3,000 on July 2. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:48:46 +0800 <![CDATA[Customs Expo guidance issued]]> scene of the press conference China Customs has issued customs inspection guidance tailored for the organizer and participants in the World Expo 2010. As of June 30, Shanghai Customs has inspected 23 batches of Expo-related materials worth US$5.6 million, officials told a press conference today. The guidance will help ensure a quick and smooth entry and ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:48:39 +0800 <![CDATA[China Metal (HKG:0319) repurchases 208K shares]]> China Metal International Holdings Inc. (HKG:0319) bought back 208,000 shares at between $0.99 and $1.01 per share for a total of $207,200 on July 2. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:48:09 +0800 <![CDATA[Aussie mascot - now for a name]]> The Australia Pavilion judging panel has shortlisted five names after assessing all of the entries submitted to its highly popular "Name the Mascot Competition," and is now asking Chinese residents to vote for their favorite. Peter Tesch, the commissioner-general for the Australia Pavilion said that "With over 2,800 names suggested for our kookaburra masco... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:47:57 +0800 <![CDATA['Urban dreams' to come alive]]> an artist's rendition of the sub-pavilion "Urban Dreams" ceremony Interior decorating and work on the exhibition have started in one of the five sub-pavilions of World Expo 2010's Theme Pavilion, "Urban Dreams." The pavilion will showcase people's visions and dreams for future cities considering living, transport, energy and urban management based on toda... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:46:27 +0800 <![CDATA[Contract signed for HK's UBPA Exhibition at Expo 2010]]> scene of the signing ceremony The Hong Kong Special Administrative Region Government awarded on Monday a contract to design and provision Hong Kong's exhibition at the Urban Best Practices Area (UBPA) at the 2010 World Expo. Permanent Secretary for Commerce and Economic Development (Communications and Technology) of Hong Kong Duncan Pescod, and Chief Execu... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:46:02 +0800 <![CDATA[HK spares no expense to present its finery]]> scene of the opening ceremony of the exhibition Henry Tang Ying-yen, the Chief Secretary for Administration in Hong Kong Shanghai Executive Vice Mayor Yang Xiong The Hong Kong Special Administrative Region's government has committed HK$346 million (US$44.64 million) in funding for its Shanghai World Expo presence. It is the most that the reg... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:43:20 +0800 <![CDATA[UPDATE: China Yuan Ends Up After Dollar Falls Vs Euro Overnight]]> The U.S. dollar's fall against the euro overnight helped China's yuan rise modestly against the U.S. unit Thursday. But traders said the market remains largely directionless as China's central bank keeps the yuan stable and as overseas foreign-exchange markets become quieter during the summer months. On the over-the-counter market, the dollar ended at CNY6.8... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:42:20 +0800 <![CDATA[HK Shares End Down; Reverse Strong Early Gains On Profit-Taking]]> Hong Kong's shares ended lower Thursday, reversing sharp gains in the morning on upbeat manufacturing data for China, as investors sought to cash out of blue chips following recent strength. Analysts said they see limited room for further gains in the near term, as heavy profit-taking pressure will continue despite signs of improving economic conditions in C... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:41:12 +0800 <![CDATA[Hong Kong Closing Stock Prices 07-02-2009]]> Prices in HK$ Close Prior Change % Change HANG SENG INDEX COMPONENTS BOC Hong Kong 13.90 13.58 +0.32 +2.36 Bank Of China 3.72 3.69 +0.03 +0.81 Bank of East Asia 23.30 23.65 -0.35 -1.48 Bankcomm 8.73 8.69 +0.04 +0.46 CLP Holdings 51.20 51.40 -0.20 -0.39 CNOOC Ltd 9.44 9.61 -0.17 -1.77 Cathay Pacific 10.56 10.68 -0.12 -1.12 Ccb 6.02 6.01 +0.01 +0.17 Chalco 7.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:40:41 +0800 <![CDATA[China Yuan Tad Up Late After US Dollar Falls Vs Euro Overnight - UPDATE]]> The U.S. dollar's fall against the euro overnight helped China's yuan rise modestly against the U.S. unit late Thursday afternoon. But traders said the market remains largely directionless as China's central bank keeps the yuan stable and as overseas foreign-exchange markets become quieter during the summer months. On the over-the-counter market, the dollar ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:40:01 +0800 <![CDATA[HK Dollar Flat Late; 3-Month Hibor Down On Easing In Fund Demand - UPDATE]]> The three-month Hong Kong interbank offered rate fell on the end of window-dressing activities for the first half, and the lack of funding demand left the Hong Kong dollar steady against the U.S. dollar Thursday. Traders said they expect the Hong Kong dollar to maintain its strength on continued inflows, and the U.S. dollar will likely trade between HK$7.750... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:39:19 +0800 <![CDATA[HK Dollar Flat Late; 3-Month Hibor Down On Easing In Fund Demand]]> The three-month Hong Kong interbank offered rate fell on the end of window-dressing activities for the first half, and the lack of funding demand left the Hong Kong dollar steady against the U.S. dollar Thursday. Traders said they expect the Hong Kong dollar to maintain its strength on continued inflows, and the U.S. dollar will likely trade between HK$7.750... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:36:26 +0800 <![CDATA[Hong Kong Most Actives 07-02-2009]]> Volume Close Change % Change G-Resources-New 1,299,154,900 .435 -0.105 -19.44 Bank Of China 426,885,452 3.720 +0.030 +0.81 Ccb 422,393,028 6.020 +0.010 +0.17 Kwg Property 370,604,900 5.220 -0.360 -6.45 Uni-Bio Group 329,859,999 .093 -0.006 -6.06 Icbc 325,884,018 5.360 -0.040 -0.74 Bel Global Res 263,766,000 .220 -0.016 -6.78 Rontex Int'l 259,520,000 .080 -0.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 21:35:48 +0800 <![CDATA[OPTN NEWS- NEW OPTION SERIES Jul. 02]]> The following new option series (both calls and puts) will be available for trading on 03 Jul 2009: CLASS EXPIRY MONTH EXERCISE PRICE BCL JUN 10 $4.2 ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 16:58:13 +0800 <![CDATA[Short Sell Turnover (NASDAQ Stocks) up to day close Jul. 02]]> Short Sell Turnover (NASDAQ Stocks) up to day close today: NIL ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 16:53:04 +0800 <![CDATA[Short Sell Turnover (GEM) up to day close Jul. 02]]> Short Sell Turnover (GEM) up to day close today: Turnover CODE NAME OF STOCK (SH) ($) ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 16:52:31 +0800 <![CDATA[Short Sell Turnover (Main Board) up to day close Jul. 02]]> Short Sell Turnover (Main Board) up to day close today: Turnover CODE NAME OF STOCK (SH) ($) ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 16:50:47 +0800 <![CDATA[Hang Seng Index 18,178.05 -1.09% 07-02-2009]]> HK Shares End Down; Reverse Strong Early Gains On Profit-Taking Hong Kong's shares ended lower Thursday, reversing sharp gains in the morning on upbeat manufacturing data for China, as investors sought to cash out of blue chips following recent strength. Analysts said they see limited room for further gains in the near term, as heavy profit-taking pressure w... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 16:01:42 +0800 <![CDATA[Taiwan stock market closes today up 1.35% at 6,667 points]]> Taiwan stock market was up. The Weighted index closed today at 6,667 points, up 88 points or 1.35%, with turnover of NTD$ 138.3 billion. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 15:12:22 +0800 <![CDATA[NDRC: China's current situation of oversupply of live pigs will continue]]> According to the report from China Central Television "News 30 minutes", in view of the situation that prices of live pigs remained falling, China launched control plans in early May to prevent the excessive decline of live pigs prices. Judging from the recent market situation, all kinds of measures have yielded initial success. However, the person in charg... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 15:11:10 +0800 <![CDATA[YIP'S CHEMICAL (HKG:0408) net profit fell 18.5%]]> YIP'S CHEMICAL (HKG:0408) announced its annual results for years ended the end of March this year.Turnover was up 9.5% YOY to $5.09 billion; Net profit fell 18.5% YOY to $224 million;The basic earnings per share was 41.9 cents.The management declared a final dividend of 17 cents. YIP'S CHEMICAL (HKG:0408) closed at $4.22 in the mid-day,up 7.1%.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 15:10:26 +0800 <![CDATA[HSBC (HKG:0005) expands network in Vietnam]]> HSBC Bank (HKG:0005) (Vietnam) has today opened its first regional branch - its first full service branch in operation outside Hanoi and Ho Chi Minh City - in the southern economic hub of Binh Duong.Thomas Tobin, Chief Executive Officer of HSBC Bank Vietnam, said: "The branch at Binh Duong is the first of many planned for economic centres around Vietnam. By ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 15:09:37 +0800 <![CDATA[Bank of China (HKG:1988) is approved to issue RMB 40 billion subordinated debt in early July]]> On June 30, Bank of China (SSE:601988, HKG:1988) is approved to issue RMB 40 billion subordinated debt in the inter-bank bond market in early July. Upon the completion, the issue of subordinated debt of China's commercial banks will exceed RMB 160 billion from Jan to July, while during the same period of last year, commercial banks only issued subordinated d... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 15:07:51 +0800 <![CDATA[Shanghai Composite Index 3,060.25 1.73% 07-02-2009]]> Market soars with new-found confidenceSHANGHAI'S key stock index rose nearly 2 percent today amid upbeat market sentiment after the 3,000-point barrier was conquered.The benchmark Shanghai Composite Index added 1.73 percent, or 52.1 points, to close at 3,060.25 points. Gainers outnumbered losers 545 to 296 while 30 remained unchanged. Turnover rose to 181.11... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 15:01:41 +0800 <![CDATA[SSE Component Index 11,970.72 1.03% 07-02-2009]]> ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 15:00:31 +0800 <![CDATA[Ministry of Commerce of PRC denied stopping importing poultry meat from US]]> There were earlier reports that China had informed the U.S. poultry producers that China will stop the imports of U.S. chicken. Ministry of Commerce of PRC denied this presentation. Vice Minister of Ministry of Commerce Chen Jian said that China's imports of chicken are normal at present and the prices are also stable; the reports about China stopping impo... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 14:28:28 +0800 <![CDATA[UBS lowered CM BANK (HKG:3968) ratings and target price]]> UBS issued a report,lowered the China Merchants Bank (SSE:600036, HKG:3968) rating to "neutral" from "buy",and lowered its target price to $18.8 from $19.52. China Merchants Bank (HKG:3968) closed at $18 in the mid-day,up 1.46%. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 14:27:32 +0800 <![CDATA[UBS raised Standard Chartered (HKG:2888) target price to $145.46]]> UBS issued a report,raised Standard Chartered (HKG:2888) rating to "neutral" from "selling",and raised target price to $145.46 from $78.37,representing an increase of 85%. Standard Chartered (HKG:2888) closed at $151.2 in the mid-day,up 0.8%.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 14:26:34 +0800 <![CDATA[Lonking (HKG:3339) repurchases US$4M CB]]> Lonking Holdings (HKG:3339) bought back an aggregate of US$4 million in principal amount of the convertible bonds on June 30, representing approximately 2.02% of the aggregate principal amount of the convertible bonds. The cost for the repayment was US$4.22 million.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 14:25:42 +0800 <![CDATA[China's export tax rebate in the first 5 months up 23.4% YOY]]> State Administration of Taxation of PRC released news on its web site, showing that from Jan to May this year, China's export tax rebate (free tax) amounted to RMB 290 billion, up 23.4% YOY. While the General Administration of Customs released statistics, showing that China's foreign trade export dropped by 21.8% YOY and imports fell by 28% YOY in the firs... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 14:21:39 +0800 <![CDATA[Yip's Chem (HKG:0408) FY09 NP $224M, down 19%; fin div $0.17]]> Yip's Chemical (HKG:0408) said profit attributable to equity holders of the company was $224.23 million for the year ended March 31, down 18.52% compared to a profit of $275.18 million a year ago.The EPS were $0.419. A final dividend of 17 cents per share has been declared.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 14:20:54 +0800 <![CDATA[Sun Innovation (HKG:0547) appoints INCU as fin adviser]]> Sun Innovation (HKG:0547) has approved the appointment of INCU Corporate Finance Limited as the independent financial adviser to advise the independent board committee in respect of the offers made by Wise Sun Holdings.Last month, Sun Innovation announced that Wise Sun Holdings, a company owned by Paul Cho-hung Suen and Zhou Jian, had become beneficially int... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 14:20:13 +0800 <![CDATA[FUFENG GROUP (HKG:0546) rose nearly 7%]]> FUFENG GROUP (HKG:0546) expected the interim net prpfit for six months ended the end of June will be increased by two times.The mainly due to the market integration and the business environment continues to improve,lead to the sales and gross profit margins have risen.The share price of FUFENG GROUP was up nearly 7 percent,the highest closed at $3.12. FUFENG... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:44:39 +0800 <![CDATA[C G Source (HKG:8128) suspended for major transaction]]> Trading in shares of China Ground Source Energy (HKG:8128) has been suspended with effect from 9:30 a.m. today pending the release of anannouncement in relation to a major transaction which is price sensitive in nature.The stock closed at $0.074 Tuesday.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:34:50 +0800 <![CDATA[Short Sell Turnover (NASDAQ Stocks)up to morning close Jul. 02]]> Short Sell Turnover (NASDAQ Stocks) up to morning close today: NIL ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:34:29 +0800 <![CDATA[Short Sell Turnover (GEM) up to morning close Jul. 02]]> Short Sell Turnover (GEM) up to morning close today: Turnover CODE NAME OF STOCK (SH) ($) ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:34:10 +0800 <![CDATA[Short Sell Turnover (Main Board) up to morning close Jul. 02]]> Short Sell Turnover (Main Board) up to morning close today: Turnover CODE NAME OF STOCK (SH) ($) ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:33:01 +0800 <![CDATA[EAGLE NICE (HKG:2368) profit HK$163.8 million in Q1]]> Today, EAGLE NICE (HKG:2368) announced its quarterly result of 2009. The Revenue was HK$1071 million,up 24.5% YOY; Profit attributable to equity holders of the Company reached HK$163.8 million, up 31.4% YOY. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:32:26 +0800 <![CDATA[City Telecom (HKG:1137) extends note offer's consent date]]> City Telecom (HKG:1137) announced that it has received requisite consents with respect to its offer to purchase and consent solicitation for its 8.75% senior notes due 2015 and is extending consent date to 11:59 p.m., New York City time, on July 15.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:31:52 +0800 <![CDATA[Eagle Nice (HKG:2368) FY09 NP $164M, up 31%; fin div $0.12]]> Eagle Nice (HKG:2368) announced that its profit attributable to equity holders for the year ended 31 March 2009 reached $163.8 million, representing 31.4% growth compared to $124.7 million in previous year.The EPS were 32.8 cents. The board proposes to declare a final dividend of 12 cents per share. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:31:21 +0800 <![CDATA[China Packaging (HKG:0572) further delays '08 results ann]]> China Packaging (HKG:0572) announced that announced that its announcement of annual results for 2008 has been further delayed. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:30:10 +0800 <![CDATA[Fufeng (HKG:0546) sees 1H profit top '08 earnings]]> Fufeng Group (HKG:0546) said its profit attributable to the shareholders for the first half of 2009 is expected to be higher than profit attributable to the shareholders for the year 2008.The profit is mainly boosted by market consolidation and continued improvement in the business environment, which led to enable the group to achieve sales volume increased ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:29:36 +0800 <![CDATA[China Sci-Tech (HKG:0985) further delays JV contribution]]> China Sci-Tech (HKG:0985) announced that Kingstate Holdings and it have agreed to further extend the latest date for their contribution of the initial capital of the JV company from June 30 to September 30.In August 2007, China Sci-Tech announced that it entered into agreement with Kingstate Holdings, an independent third party, to establish the JV company t... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:29:02 +0800 <![CDATA[HSI midday ends at 18556, up 0.96% 07-02-2009]]> Hong Kong stocks rose in the morning. Hang Seng Index advanced 176.91, or 0.96%, to close at 18555.64 by midday, after soaring more than 400 earlier.Turnover was $36.452 billion.July HSI futures finished 110 higher at 18530, representing a discount of 26over the cash market. Turnover totaled 38812 contracts.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:28:25 +0800 <![CDATA[China Best (HKG:0370) suspended as long stop date expired]]> Trading in the shares of China Best Group (HKG:0370) has been suspended with effect from 9:32 a.m. today pending the release of an announcement in relation to the expiry of long stop date of a very substantial acquisition.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:27:49 +0800 <![CDATA[HSI Update 07-02-2009]]> Hang Seng Index closed at 18,555 points,up 177 points or 0.96%,in the mid-day. China Enterprises Index (H-Share Index) closed at 11,112 points,up 149 points or 1.36%;China-Affiliated Corporations Index closed at 3,846 points,up 26 points or 0.68%. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:27:05 +0800 <![CDATA[GR Vietnam (HKG:0139) Vietnam JV setup delayed to Dec 31]]> GR Vietnam (HKG:0139) announced that the long stop date of the restated and amended JV agreement is further extended to 31 December 2009. The extension of the long stop date is to provide additional time for establishing the JV company and obtaining approval from the relevant government authorities in Vietnam.In November 2007, GR Vietname announced that Food... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:26:29 +0800 <![CDATA[BEL GLOBAL RES (HKG:0761) to place 177 million existing Shares]]> On 30 June 2009, BEL GLOBAL RES (HKG:0761) and the Subscriber entered into the Placing and Subscription Agreement pursuant to which the company agreed to place up to 177 million existing Shares at the Placing Price of HK$0.205 per Placing Share to not less than six Placees. The Subscriber agreed to subscribe for up to 177 million new Shares at the Placing Pr... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:25:34 +0800 <![CDATA[SMEs board index closed up 0.62%, hitting new high over more than one year]]> SMEs board index opened at 4,412.12 points and closed at 4,425.54 points, up 0.62% or 27.37 points in morning session, touching intraday high of 4434.58 points. SMEs board composite index opened at 4,366.85 points and closed at 4,372.43 points, up 20.33 points or 0.47%. Turnover was RMB 10.747 billion in half day, surging more than 30% over the same period o... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:24:52 +0800 <![CDATA[Shanghai fund index closed up 0.6% in half day]]> Shanghai fund index opened at 4,130.07 points and closed at 4,148.75 points, up 26.52 points or 0.64% in the morning session; Shenzhen fund index opened at 4065.06 points and closed at 4,078.17 points, up 21.85 points or 0.54%.Turnover in the two cities totaled RMB 2.238 billion in half day, surging 40% over the same period of last trading day. Almost all ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:23:55 +0800 <![CDATA[Bestway (HKG:0718) disposal of plastic products biz delayed]]> Bestway International (HKG:0718) announced that due to the recent global economic downturn, the purchaser has said that it faced some cashflow problems and required additional time to arrange for the payment of the entire consideration. Accordingly, the purchaser has requested for an extension of the date of disposal completion from 30 June 2009 to a date no... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:23:22 +0800 <![CDATA[CM BANK (HKG:3968) to withhold and pay enterprise income tax for the non-resident enterprise shareholders]]> CM BANK (HKG:3968) will comply with the relevant rules and regulations to withhold and pay 10% enterprise income tax for the non-resident enterprise shareholders whose names appeared in the register of members of H Shares of the Company as of the H Share Record Date (i.e. 19 June 2009).... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:22:33 +0800 <![CDATA[Guilin Sanjin with on-line subscription ratio of 584 times, Investors with high subscription enthusiasm]]> Guilin Sanjin in PRC announced today that as the first-single of IPO resumption, the companys off-line and on-line subscription ratio reached 164 times and 584 times respectively, indicating higher subscription enthusiastic of the investors. Guilin Sanjin raised RMB 910 million in this share offering, or expected RMB 860 million after deducting issue cost... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:21:56 +0800 <![CDATA[A/H Shares Performance 07-02-2009]]> Stock Name H-Shr (A-Shr) H-Shr ($) A-Shr (RMB) Premium (%)LUOYANG GLASS 1108 (600876) 0.87 4.86 -84.2BEIREN PRINTING 0187 (600860) 1.42 6 -79.11YIZHENG CHEM 1033 (600871) 1.61 6.78 -79.04NANJING PANDA 0553 (600775) 1.7 6.72 -77.67HISENSE KELON 0921 (000921) 1.4 4.92 -74.89JINGWEI TEXTILE 0350 (000666) 1.42 4.88 -74.32TIANJIN CAPITAL 1065 (600874) 1.93 6.44 -... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:20:53 +0800 <![CDATA[StanChart (HKG:2888) completes adding 75% First Africa]]> Standard Chartered PLC (HKG:2888) has completed the acquisition of the outstanding 75% of First Africa Group Holdings Limited, a pan-African mergers and acquisitions advisory firm. Standard Chartered's shareholding in First Africa increased to 100% after the completion.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:20:10 +0800 <![CDATA[Fund industry assets return to RMB 2 trillion]]> According to the latest statistics, as of June 30, net asset value of the Mainland fund industry in PRC has been back to more than RMB 2 trillion, reaching RMB 2.23 trillion, which is the first time to return above RMB 2 trillion since after the second quarter of last year.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:19:45 +0800 <![CDATA[GOLD PEAK (HKG:0040) to purchase 50% equity interest in Shanghai JAH]]> On 29 June 2009, GP Auto (HKG:0040) entered into the Agreement with the Vendor pursuant to which GP Auto had agreed to purchase the Sale Interest, representing 50% of the entire equity interest in Shanghai JAH, for a consideration of RMB80.1 million (approximately HK$90.9 million). Shanghai JAH is principally engaged in the manufacturing and sale of automo... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:18:39 +0800 <![CDATA[JIANGXI COPPER (HKG:0358) rose above 4%]]> Morgan Stanley issued a report,expected the price of copper will be increased by 50% before 2011,so raised JIANGXI COPPER (SSE:600362, HKG:0358) rating to "hold" from "reduce" and raised target price to $13.6 from $7.4.The share price of JIANGXI COPPER once rose above 4%,the highest closed at $13.3. JIANGXI COPPER (HKG:0358) is reported to $13.02,up 2.5%. ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:17:23 +0800 <![CDATA[BOSIDENG (HKG:3998) will transit to be brand operators]]> BOSIDENG (HKG:3998) plan to set aside RMB 2-3 billion for mergers and acquisitions,hope to introduce different clothing business,transit to be brand operators.BOSIDENG expected non-Down revenue will increased to 30%. BOSIDENG (HKG:3998) is reported to $0.86,up 3.6%.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:16:37 +0800 <![CDATA[China is promoting foreign companies to listed in the Mainland]]> Ministry of Commerce of PRC vice Minister Chen Jian said that the Ministry is cooperating with other ministries and commissions to promote high-quality foreign-funded enterprises to listed in the domestic market.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:16:04 +0800 <![CDATA[Ngai Hing Hong (HKG:1047) to buy industrial ppt for $29M]]> Ngai Hing Hong (HKG:1047) agreed to buy an industrial property in Tai Po for $29 million.The property has a gross floor area of approximately 8,411.14 square metres. The property will provide a permanent base for the purchaser's manufacturing operations, the company said in a statement.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:13:36 +0800 <![CDATA[Upbeat feelings keep morning market buoyant]]> SHANGHAI'S key stock index rose nearly 1 percent in the morning session amid upbeat market sentiment.The benchmark Shanghai Composite Index added 0.9 percent, or 27.06 points, to close at 3,035.21 points. Losers outnumbered gainers 446 to 371 while 54 remained unchanged yesterday. Turnover reached 100.66 billion yuan (US$14.8 billion) at midday.The Shenzhen ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 13:10:15 +0800 <![CDATA[HK Opening Gold: US$940.20-940.90/Oz; HK$8670/Tael]]> Previous Close: US$941.30-942.00/Oz; HK$8690/Tael (Tael = 1.1913 ounces) Source: Thomson Reuters ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 10:02:32 +0800 <![CDATA[Yen Cross Technicals; Buy, Sell, Stops For HKD/JPY]]> The following table presents technical levels for the Hong Kong dollar/yen forex margin contract on the Tokyo Financial Exchange. Pivot 4-Wk Bollinger Bands (Chg) HBOP 12.590 +2sigma 12.749 VA -29 (-75) Sell 2 12.550 +sigma 12.615 10-day ROC 99.96 (-0.61) Sell 1 12.500 -sigma 12.345 Ult Oscill 49.91 (+0.36 ) Buy 1 12.410 -2sigma 12.210 Buy 2 12.370 LBOP 12.... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 09:36:59 +0800 <![CDATA[China Insurance Companies Jan-May Invest Return More Than 6% - Report]]> Chinese insurance companies reaped a higher-than-expected annualized return rate of more than 6% from their investments in the January-to-May period, the state-run Shanghai Securities News reported Thursday, citing a source close to the China Insurance Regulatory Commission. Ping An Insurance (Group) Co. of China (SSE:601318, HKG:2318) earned a slightly high... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 09:10:58 +0800 <![CDATA[White Rabbit run not over yet]]> SHANGHAI: Guanshengyuan, a Shanghai candy maker, has found a white knight to save its well-loved White Rabbit creamy candy from sliding into oblivion like so many other once-famous Chinese brands.Retaining its original flavor and wrapping, this candy delight of past generations of Chinese ranging from Harbin to Guangzhou, has lost much of its appeal to the k... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 09:09:09 +0800 <![CDATA[Investors flock to buy Guilin Sanjin shares]]> Guilin Sanjin Pharmaceutical, the first company to raise money from the stock market through an initial public offering after the nine-month ban on IPOs was lifted, is set to reap the benefit of the pent-up speculative fervor of investors.According to reports, the drugmaker's IPO was oversubscribed a whopping 584 times in online subscription from individual ... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 09:05:32 +0800 <![CDATA[The Exchange News Jul. 02]]> 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 d... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 09:05:03 +0800 <![CDATA[State firms urged to do more dividend spread]]> State-owned enterprises (SOEs) under the central government level have been urged to give minority shareholders a fair deal through more dividend payouts and thereby set an example for other listed companies. For years, publicly-traded companies, most of which are majority owned by the State, have always been chary about paying dividends, chiefly because the... Chinesestock.org http://www.chinesestock.org Thu, 02 Jul 2009 08:41:35 +0800