China Financial Daily

October 6, 2008

World and Domestic Stock and Business News

Filed under: Financial News — Tags: , , , , — Nancy @ 7:31 pm -0700

Emergency of European Banking Industry causes the Blue Monday
The European Banking Industry detonated the Blue Monday in global market: Asia-Pacific stock prices dropped more than 4%; international oil prices fell below 90 USD; Chinese futures markets all declined; yesterday after the Dow-Jones fell below 10,000-point. A good many evidences show that after the United States, the European banking industry begin to collectively break the financial crisis. In the first trading day of global stock markets, the markets all declined again.

International Crude Oil fell below 90 USD
New York crude oil futures fell below 90 USD at the early of the market on October 6, 2008, which touched the lowest point in these eight months.

Huasheng Tiancheng Increase 400 Million Own Funds to Become Hong Kong Subsidiary Company
Huasheng Tiancheng held the shareholder meeting on October 6, 2008, which discussed and approved the proposal that Huasheng Tiancheng plans to possess 100% Huasheng Tiancheng (Hong Kong) Ltd by increasing 400 million own funds.

Shanghai Stock Exchange adjust Declaration Model and Quotation Way of Company Debt
Yesterday (October 6, 2008), Shanghai Stock Exchange issued the notice to confirm the adjustment of exchange declaration model and quotation way on company debt.

To Neaten and Rejuvenate the Dairy Industry
Premier of State Council, Wen Jiabao hosted the executive meeting on October 6, 2008, listened to the report on the disposal of infant milk powder incident, and researched and deployed to neaten and rejuvenate the dairy industry. In this meeting, the “Dairy Quality Safety Supervision and Management Ordinance (Draft)” has been approved.

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September 19, 2008

Stock Wave

Filed under: Financial News — Tags: , , — Nancy @ 5:49 am -0700

Chinese Government takes decisive measures to save the market
China has adopted a series of bold and decisive measures to rescue the market, including the adjustment of the securities (stocks) stamp duty for the collection of unilateralism

Soul-stirring! Management also had four ace
A shares staged one-day 93-point reversal to turn the tide . Soul-stirring”! I am afraid that no more than two words to describe yesterday’s A share’s movement of the ups and downs.

Financial shares fell 5 or into a bounce vanguard
Yesterday’s market rebound V-type trend in the afternoon to stabilize the financial stocks rebound, drawing A stock market to appear a wave of rebound for more fierce market.

Headlines on September 19th: Straddle big Show-down
Approval of the State Council, the Ministry of Finance decided on September 19th, 2008, the stamp duty on securities transactions to adjust the policy, imposed by the existing bilateral changed to impose unilateral, tax rates 1 ‰.

Crude oil returned to rational The atmosphere bearish intensify divergence
Crude Oil: On Wednesday crude oil prices end highly, rebound strongly. Asian fuel oil followed crude oil slipping on Wednesday.

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