China Financial Daily

October 22, 2008

Enterprises in other Countries

Filed under: Financial News — Tags: , , , , , — kinpoo @ 10:23 am -0700

The first Fall of Toyota Global Sales this year in tha Past 10 Year
In the global impact of the financial crisis and the slowdown of the economic, Japan Toyouta Motor Market in the United States and Europe had been in the doldrums. And it is expected the global sales in 2008 will be lower than the last year data.

Jordan and Korea go to a Negotiation for the Power Investment Project of 500 Million Dollars
Officials in Jordan and Korea Mines Ministry said that Kepco company in Korea won out in the 4 received bids in book. Jordan is working with the company on the final details of the consultations, so that the negotiations are expected to be completed soon.

British Media said Russia’s Richest Man has been the Biggest Loser in the World Financial Crisis
From British “Guardian”, the latest richest man in Russia, Oleg-Jerry became the biggest loser in the global financial crisis. “Forbes” said that his property was still 28.6 billion dollars, including his enterprises such as aluminum, construction, auto parts industry and a van factory in England Birmingham.

Japan Mitsubishi UFJ Group’s Net Profit had a sharp Fall in Half in the First Half of Fiscal Year
It is reported that at the beginning of this fiscal year, Mitsubishi UFJ Group was expected to have about 5% growth. However, due to the subsequent deteriorate economic caused the increase in non-performing loans, and the loss in the stock price. So that the Group had recieved about 100 billion yen net profit.

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October 17, 2008

Investment For The Current Market

Filed under: Financial News — Tags: , , , , — kinpoo @ 2:48 am -0700

Today’s focus: Hong Kong is able to survive in danger
In 1997 before the financial turmoil erupted, the Hong Kong government was to lauch “everyonehas the building to live” housing policy. As a result, the property market slumped as a note. In the face of the danger of the current economic recession, the central bank will cut interest rates sharply to save economy in danger.

State-owned enterprises business of overseas futures can not “cross-border”
The China Securities Regulatory Commission convened a few days ago summoned the principals of 25 overseas futures business to hedge permits related to state-owned enterprises in Shanghai to hold a forum. In response to recent international commodity futures market, for a huge fluctuations, strengthen risk control to make the deployment of an emergency.

Accurate positioning of international commerce Yining logistics center
He Mingke (Beijing Technology and Business University Business School, Party Branch secretary, Professor, China Federation of Logistics and Purchasing, vice president of the China Association executive director of the warehouse): the impression on Ili, opinions on international commerce of Yining, the logistics center location of specific views, proposes.

Financing and securities is a double-edged sword (hotspot)
The effect on the market in early days is limited. “The effect of Financing and securities on the market is very limited as we consider”, CITIC Securities senior analyst of financial derivatives, Wang Shiming showed.

Investment, in the case of bottleneck of hot money, is coming back to the bank, so the attention should also be payed to the risk of selling products of financial management
In the eyes of many people it now can be in the case of with money in the hands but no places for investment. In the stock market last year, against the background of the heat, once led investment. A lot of people have taken out bank deposits to carry out a variety of investment.

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September 28, 2008

Stock Market News

Filed under: Financial News — Tags: , , , — Nancy @ 11:17 pm -0700

Ping An of China: not rule out the possibility of ready for the Fortis Investment for impairment
Ping An of China (marketĀ  stock house) released that, in the future, according to the international capital market, stock price volatility, the Fortis Group, and other trends, they will be in strict accordance with the accounting standards in deciding whether to get ready from 2008 Q3 results for Fortis shares of the investment provision Impairment.

How much does the proceeds China buy U.S. treasury bonds?
To buy U.S. treasury bonds is one of the most important ways for China’s huge foreign exchange reserve to use. Because of the large amount of the purchase, the issue of China and the United States has increasingly become the focus of attention. Song Guoyou of the Fudan University scholar recently pointed out.

Belgium’s largest bank Fortis endangered, so three European countries gave out of their hands
Sept. 29 news: according to foreign reports, Belgium’s largest banking group Fortis (Fortis NV) last week, share prices of 35%. Belgium, the Netherlands and Luxembourg government has decided to inject three 11,200,000,000 euros (163 million) of funds So that Europe’s largest financial services become a part of the nationalization and as not to breach the confidence of the market.

The Chairman of the board of baosteel said high-speed growth period of Chinese iron and steel industry is over
Baosteel Group chairman Xu Lejiang, on 28th in the third academic year, said chinese crude steel output has been greater than domestic consumption of crude steel, entered the stage of supply exceeding demand. In particular, the recent decline in market demand, profit increased risk of steel, iron and steel industry which has been rapid growth in the past. The industry turning point began to be felt. Technology and the scale of iron and steel enterprises became competitive advantage to win the “cornerstone of the two.”

Goldman Sachs want their commercial banks to expand business with M & A assets of up to 50,000,000,000 U.S. dollars
According to Britain’s “Financial Times” report on September 28, after becoming a bank holding company, Goldman Sachs Group, a commercial bank started the rapid expansion of business. The leaders of Goldman Sachs Group said yesterday that the company plans to take advantage of market opportunities in the doldrums of M & A up to 500 billion dollars in U.S. assets of the banking sector to ensure that the transition in the financial sector.

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