Reports » China

China stock market report by ChinaStockAdvice.com (June 17, 2009)

Macro-economic Policy
 
President Hu Jintao: Struggling to Take the Lead in Recovery amid Global Financial Crisis

Ministry of Land and Resources Looked into Commercial Housing Land Price; Both Central and Local Governments Investigated Property Cost

Insiders said National Development and Reform Commission Not to Launch Power-coal Scheme Forcibly

Principal of State Statistics Bureau Said May Industrial Acceleration at 5% Being Untrue

Domestic Market
 
Initial Transaction of IPO Re-startup Likely to Be Mid-small Board

Trading Activity Declined under New Summit of A-share Market; New Opening Accounts Hit New High of Recent 7 Weeks

Hang Seng index closed low by 333.46 points or 1.80% to 18165.50 points.

Financial sub-index outperformed Hang Seng index.

Energy and raw material shares led the decline.

Overseas Market

Overview: Economic Statistics Performed Mixed; American Shares Closed Low

S&P 500 closed low by 11.75 points or 1.27% to 911.97 points.

American industrial output slid in May 2009, but new housing construction surged beyond expectation.

Latin-American market negatively affected by financial crisis, Brazilian auto import exceeded that of export initially in recent 15 years.

Companies & Industries
 
- Listing Resources of Shanghai Airlines (600591) Being Coveted, Orient Securities Denied Reverse Merger

- Henan Star Hi-Tech (000676): Large Shareholders Kept Reducing Equity Holding; Another 0.1mn Shares Might Be Reduced

- Air China (601111): Domestic Airline Passenger Capacity Saw Year-on-year Growth of 19.7% in May 2009

Transportation & Building Material Industry
- Air China (601111): Domestic Airline Passenger Capacity Saw Year-on-year Growth of 19.7% in May 2009
- "Annual Shipping Week" Held in Norway; Industry Experts Forecasted Point of Views

- Hong Kong Containers Quantity Decline Narrowed in May 2009

Container Shipping Business of Xiamen Port Climbed for 5 Consecutive Months against the Market Trend