Reports » China

China stock market report by ChinaStockAdvice.com (May 13, 2009)

Macro-economic Policies

Total Import & Export Value Saw Year-on-year Decline of 22.8% in April 2009

CSRC Made Research to Attack New-type Cases including Tail Market Manipulation

Domestic Market

A-share Opening Accounts Saw Initial Rally in Recent 4 Weeks, while Those Holding Positions Declined

PetroChina (601857) Authorized via Hundreds Billion of Financing and Continued Reinforcement on Main Business Development

Hang Seng index closed high by 65.69 points or 0.38% at 17153.64 points.

HSBC Holdings and China Mobile ascended, being greatest support to H-shares.

Resources and raw material shares declined the most.

Overseas Market

Overview: American Stock Market Touched the Bottom and Rallied as Driven by Energy Shares

Senior Executives Sold Equity; GM Share Price Plummeted to 76-Year Low

New York Oil Price Advanced by 0.6%, Once Being above USD60 per Barrel

S&P 500 closed low by 0.89 points or 0.1% at 908.35 points.

American trade deficit hit summit of recent 8 months in March 2009.

British retail sales enjoyed largest surge of recent 3 years in April 2009.

Companies & Industries

- Industrial and Commercial Bank of China (601398), Bank of China (601988) and China Construction Bank (601939) Planned to Issue Rmb300bn Subordinated Debt in the Coming Three Years

- Adjustment & Revival Plan Details of Equipment Manufacturing Industry Unveiled, To Contribute to National Economic Growth

- Copper Industry: Export in April 2009 Hit another Summit; Growing Speed in May Might Be Slowed Down 

Transportation & Building Material Industry

- China Eastern Airlines Corporation (600115): Gained another Capital Injection at Rmb2bn and Continued Silence about Acquisition of Shanghai Airlines (600591)

- Shipment of Tianjin Port Began Bouncing back; Domestic Trading Became the First Engine