Reports » China

China stock market report by ChinaStockAdvice.com (May 21, 2009)

Macro-economic Policy
 
Premier Wen: China to Dispatch Purchase Mission to Europe Again Recently ??

Rmb4tn Stimulus Package Progressed Rapidly in China; 44% of Central Government's Investment Already in Place ??

Development & Reform Commission: Three Key Indicators of Macro-economy Not Keeping up with One another in Q1 2009 ??

Domestic Market
 
70% Individual Investors Failed to Outperform the Big-cap; Nearly Half Deemed Market to Be Above 3000 Points   ??

Reform of New Share Issuance Mechanism under Exploration; IPO of Main Board Might Restart after September 2009 ??

Overseas Market

Dow Jones Index Declined by 52 Points, while NASDAQ Index by 6 Points ??

New York Oil Price Closed High by 3.2%, Hitting Summit of Recent Six Months ??

Companies & Industries
 
- China ISA Denied Having Accepted 30% Price Decline of Iron Ore Product

- Shanghai Kehua Bio-Engineering (002022): Gained Rmb1.8582mn Appropriation for National Significant Science and Technology Projects

- Tibet Tourism (600749): Corrected Statistics Inaccuracies in 2008 Annual Report; Earning Forecast Not Influenced 

- China Meheco Corporation (600056): Acquired Beijing Huallijiuzhou Pharmaceutical Co., Ltd with Two Layouts; Domestic & Overseas Trading Collaboration Being Expected

- Home-appliance Industry: Government's Policy Further Spurred Consumption, Bellwethers to Be Main Beneficiaries

Transportation & Building Material Industry

- Shenzhen Expressway (600548): Negative Impact from Macro-economy Got Weakened -
- Shanghai QiangSheng Holding (600662): Transference of Public Transportation Assets Being Favorable to Taxi Business Focus
- STX Pan Ocean Predicted Dry Bulk Market to Recover in 2H2009
- Tianjin Airlines Co., Ltd to Put into Operation in June 2009

Machinery & Metal Industry

- Gaoxin Zhangtong (002075): Restructuring Plan Approved by Chairman Board; Jiangsu Shagang Group Injected 63.79% Equity of Huaigang Special Steel
- Baotou Beifang Chuangye (600967): Authorized as Hi-tech Enterprise; Being in Line with Expectation