Reports » China

China stock market report by ChinaStockAdvice.com (June 10, 2009)

Macro-economic Policy
 
State Administration of Foreign Exchange to Support Outbound Loans and Loose Related Regulations

Loan Increment of Four Major Chinese Banks Unlikely to Occupy 40% in May 2009, yet Likely to Exceed Rmb660bn

Domestic Market
 
A-share Opening Accounts Returned to 0.3mn Last Week

Mr. Gong Fangxiong: A-share Market Has Been the Safest Investment Outlet as Recognized Globally

Hang Seng index closed low by 194.90 points or 1.07% at 18058.49 points.

Financial sub-index kept the pace with H-share market.

Shipment shares plunge topped the market.

Overseas Market

10 American Banks Probably to Refund Loan in Advance

New York Stock Market Performed Mixed

International Oil Price Closed above USD70 Initially within 2009

S&P 500 advanced by 3.29 points or 0.35% at 942.43 points as of closing.

American wholesale inventory continued declining in April 2009, industrial de-inventory trend sustained.

Germany economic was still in depression.

Japanese coincident indicator went up to 85.8 in April 2009, indicating slowdown of economic recession.

Companies & Industries
 
- Guess on Merger of Ping An Insurance (Grp) Co of China (601318) and Shenzhen Development Bank (000001): To Acquire Equity of New-bridge Capital Group by Cash

Transportation & Building Material Industry
- Shanghai Airlines (600591): Supplemented Rmb110mn Capital to Shanghai Airline Cargo Intl. Co., Ltd.

- Nanjing Tanker (600087) and Chang Jiang Shipping Group Phoenix (000520): Changes Completed On Actual Controller

- Civil Aviation Industry: IATA Upgraded 2009 Aviation Losses to USD9bn

- Mr. Liu Shaoyong Appointed as Committee Leader of China Eastern Airline & Shanghai Airlines Recombination

IT Industry
- ZTE Corporation (000063): Signed WCDMA Contract with Viettel 
- Huawei Intends to Bid for Equity of ITI

- Mobile Phone Users in India to Approach 900mn in 2012

- Hisense Electric (600060): 239mn Shares to Become Tradable on June 12, 2009, Indicating Its Entering into Full-circulation Era
- Guangdong Golden Dragon Development Inc. (000712): Acquisition of 40% Equity of Dongguan Securities Approved by CSRC; Being Favorable to Its Long-term Development

Consumer Goods Industry
- Guangzhou Grandbuy (002187): Signed Property Lease; Might Open the First Store in Other Province

- Xiamen Anne (002235): Applied for Credit Line to Bank, Being Favorable to Improve Capital Liquidity

- Henan Rebecca Hair Products (600439): Export Rebate Rate Raised by 2 ppt; 2009 EPS Padded by Rmb0.04