2008 september | china financial daily

September 23, 2008

Market Trend in Govermental Level

Filed under: Financial News — Tags: carcinogen, central bank, gold, Huijin, insurance capital, macro-control, rescue — Nancy @ 8:19 pm -0700

Central bank survey in the third quarter: a 10-year resident of intent to purchase Housings achieved a lowest level

In the second half of August 2008, the National People’s Bank of China in 50 large, medium and small cities and towns, carried out a survey of urban depositors, recovered 20,000 valid questionnaires.

Underground speculate in gold: How did “the black hole of sucking gold” make?

Global capital market is in turmoil, and the bull market gradually ebbs. The stock market falls, the housing market appears to adjust the situation. Investors with “outperform CPI” common goals are hardly finding “the way of making money.”

News Analysis: the largest financial rescue plan of U.S. is at unpredictable risks

Monday (22nd) before the U.S. stock market opened, the U.S. Congress was not able to put last weekend’s 700 billion dollars rescue plan agreed, which was made by government last week.

Wen Jiabao stressed a new trend of Macro-control, Shi Qiping: the Third Plenary added new economic issues

Phoenix Satellite TV, “Financial stone” on September 22nd broadcast program, reported “Wen Jiabao stressed a new trend of Macro-control, Shi Qiping: the Third Plenary added new economic issues.”

RMB exchange rate against dollar hit 6.81 or broke a new high since the exchange reform

The sharp rebound in international oil prices, weak dollar impact of the RMB against the U.S. dollar exchange rate, so went up substantially. The date from the China Foreign Exchange Trading Center shows that on September 23rd exchange rate against the U.S. dollar 6.8009, the quotation of normal prices is 6.8009, higher than the previous 234 basis points, again hit a new high since the exchange reform.

Other News:

A: Yesterday, Huijin purchased each 200 million shares from ICBC, Bank of China, and Construction Bank; moreover, the Huijin claimed that they would continue to increase the holdings in the next 12 months.

B: In August this year, insurance capital increased 16385 million yuan investment, so it increased the investment strength.

C: Yesterday, there was the rumor in the market, it claimed that carcinogen has been found in alcohol products; which caused the related stocks to have great decline entirely. Today, two companies, Maotai and Changyu, firstly issued the bulletin to clarify.

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New Developments Around Us

Filed under: Financial News — Tags: China National Petroleum, Coca-Cola, deposit, export, Huiyuan, Nestle, Olympic, SFC — Nancy @ 8:16 pm -0700

Olympic became the reform and opening-up 30-year history of the development of New Standard

“The Olympic day is when the Chinese take off!” A century ago, a famous patriotic educator Zhang Boling had predicted. Many “Olympic-related” has become a topic of members on behalf of the two-meeting and a focus of discussion.

July export price index fell with a record high imports

A few days ago, a report issued by the General Administration of Customs showed that in July this year, China’s export price index was 108.5, down than June over 2.6 percentage points; imported goods price index was 121.9, higher 1.8 percent than in June, raise 0.1 percentage points than the previous period April, which is a record high.
Nestle has begun to recover melamine milk of Hong Kong and replaced

Nestle to ensure that Chinese consumers with high quality security products

Statement: Nestle firm is fully confident in our products and believe that our all Chinese products didn’t use melamine-doped milk.

Gao Xiqing will be in charge of the SFC, discussing the through-train of Hong Kong stocks

According to sources close to the China Securities Regulatory Commission’s high-level sources, the SFC is going to re-start the discussion of Hong Kong equities through the program, saying that Gao Xiqing in the general manager may take over the post of Chairman of the SFC.

Coca-Cola bought back Huiyuan: Wahaha may become a victim

“Daily News” yesterday from the Coca-Cola Company informed that the company has submitted antitrust review materials about acquiring Huiyuan to the Ministry of Commerce. At the same time, several juice companies signed a letter, calling on the Ministry of Commerce holding a hearing on the acquisition.

Other News:

A: China National Petroleum Group yesterday increased to hold 60 million shares of China Petroleum; and they would increase to hold less than 2% of China Petroleum within the next 12 months. This marks that the central enterprises begin to increase the holdings and buy back shares, while the act of stabilizing the stock in China has been started.

B:The stock market remains to be weak, so the bank deposit has been the first choice for citizen.

C:The prosperity of domestic orders is also appearing the great decline in this quarter, which creates the largest decline in these ten years.

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September 22, 2008

Industry

Filed under: Financial News — Tags: deposit reserve ratio, oil, SOHO, Vanke, wage — Nancy @ 7:33 pm -0700

China National Petroleum Group has a holdings of 6,000 shares in oil shares
Xinhua News: China National Petroleum Corporation announced, that on 22nd, by the Shanghai Stock Exchange Trading System way it bought holdings of the China National Petroleum Co., Ltd. 6000 million shares.

Experts in China’s Academy of Social Sciences predict that we will go into the cycle of rising wages
Academy of Social Sciences, Li Yang, director of the Institute of Finance yesterday at the forum of the “interests of the global adjustment in China’s macro-financial risks” said, that in the long term China will definitely not happen long-term price inflation.

SOHO, a loss of 100 million in China for half a year, so Pan Shiyi said,we ride to work as much as possible
“We want every link in the economy, to work will be able to ride than drive a car, starting from me.” Last Friday in a letter, “addressed to all my colleagues in the SOHO China”, SOHO China (00410.HK) director Pan Shiyi,wrote.

Vanke Nanjing avoid “a price for a suit” policy of Nanjing, so owners closed the doors of 2 ways
During more than three months, after a multi-way talks like a saw, when the fact of the price of Vanke event appeared clear step by step, Vanke, the owners and the Government entered a stalemate on the contrary, the incident is still no breakthrough.

Wu Xiaoling said the reserve rate cut has no space
“The reserve ratio has no room for reduction.” NPC Financial and Economic Committee, vice chairman, former central bank vice governor Wu Xiaoling a few days ago, at “China and the EU in 2008 – Huaan Ruizhi Salon” made their judgments on the current monetary policy.