News & Analysis » China

China stock market report by ChinaStockAdvice.com (June 12, 2009)

Macro-economic Policy
 
Shanghai Took Efforts to Build International Trade Centre

40% of SMEs Closed down during Financial Crisis, Reported by Chinese Academy of Social Sciences

Domestic Market

Hang Seng index closed high by 5.37 points or 0.03% to 18791.03 points.
 
Financial shares led the H-share surge. 
 
Property sub-index underperformed H-share market.
 
Social Insurance Fund Saw No Opening Account for Four Consecutive Months; QFII Halted Account Opening Initially within 2009

Notification on the Third Network Test of Shenzhen Off-line Issuance E-platform

Overseas Market

S&P 500 closed high by 5.74 points or 0.61% to 944.89 points. 
 
American retail sales in May 2009 roared beyond expectation. 
 
Export of Korea surpassed that of Russia in Q1 2009; becoming the world 11th largest exportation country. 

Overview: Three Major American Stock Indices Once Hit New High of 2009

New York Oil Price Closed High by 1.9% and Once Broke through USD73

Companies & Industries
 
- Shanghai Airlines (600591): 220mn Non-public Share Issuance Got Approval, Being Effective within 6 Months

- China CSSC Holdings (600150): To Send Rmb10 for Every Ten Shares as Reported in 2008 Profit Distribution Scheme

- Shanghai Airlines (600591): Public Issuance Application Replied by CSRC
 
- Zhejiang NHU (002001): Planned Financing for Essence & Flavor Project through Non-public Share Issuance

Transportation & Building Material Industry

- Shanghai Airlines (600591): Public Issuance Application Replied by CSRC

- Lianyungang Started up Bonded Port Layout

- COSCO Might See Zero Growth in Container Ship Capacity This Year

- Railway Industry: Railway Investment Rapidly Grew in January-May 2009

- 53mn Ton Iron Ore Imported in May 2009, Down by 7% MoM

Machinery & Metal Industry
- Copper Industry: Non-forging Copper & Its Import Volume Hit New Summit for Four Consecutive Months in May 2009 
- Shenyang Machine Tool (000410): Performance Predicted Suffering Loss in 1H2009

IT Industry
- China Unicom Started up the Largest Bidding Invitation Worldwide of FTTx Equipment

- UTStarcom Declared New Scheme and Planned to Downsize by over 50%

- Qualcomm Raised Q3 2009 Sales Revenue and Profit Anticipation

- JP Morgan Chase & Co Upgraded RIM Earning Anticipation of Q2 2009

- Hundsun Technologies (600570): Acquired Shanghai Leadmind Technology Co., Ltd, to Vigorously Expand Banking New-typed Intermediate Business

- Sichuan Huiyuan Optical Communications (000586): Rmb40mn Equity Transfer Actively Boosted by Both Parties, Assets Restructuring Being Hopeful

Consumer Goods Industry
- Zhejiang NHU (002001): Planned Financing for Essence & Flavor Project through Non-public Share Issuance

- Youngor Group (600177): Planned to Issue Rmb1.8bn Short-term Financing Bills, Being Favorable to Cash Flow Improvement

- Shandong Minhe Animal Husbandry (002234): CDM Project Successfully Registered, EPS to Be Padded by Rmb0.05