China Financial Daily

September 21, 2008

All Over The Country

Filed under: Financial News — Tags: , — Nancy @ 2:28 am -0700

28 listed companies of Shanxi collectively received 22 on-line investors
Shanxi 28 executives of listed companies will be gathered on the afternoon of 22 panoramic network. At the activities on the reception day of on-line investors, they exchanged with investors from all over the country. At the same time, “the region in Shanxi listed companies investor relations platform for interaction” will be opened on the same day.

Commerce Department: not detected melamine and will rebound in domestic powered-milk sales
According to the Ministry of Commerce on 350 key national retailers monitoring, on September 17th it isn’t detected melamine in infant milk powder, so domestic brand sales fell 33% than that of 12nd, up more 20% than that of 18th, a further up over 4% than that of 19th.

Chinese economist of USA, Albert Keidel: China’s economic prospects remain optimistic
In the global economic slowdown, the situation is becoming increasingly clear. If Chinese economy will join the ranks of the global economic slowdown. In this interview the reporter covered, Dr. Paul, a well-known Chinese economist in the United States Carnegie Endowment for International Peace Senior Fellow.

WHO helps China to deal with “powered milk” incident
Ministry of Health has been recently informed the World Health Organization of the progress of the deal with “powered milk” incident, and further exchange views on strengthening cooperation of food safety.

Wen Jiabao: maintain the stability of financial markets and the securities market
Wen Jiabao, at the provincial and ministerial level cadres in the leadership of the main topics for the seminar, stressed the report to take the initiative of all sectors to guide the scientific development up to achieve a longer period of time, a higher level, the better the quality of development.

Adjust the city of Linfen in Shanxi and the main leadership positions in the county of xiangfen
Linfen City, Shanxi Provincial Committee is held in the city of Linfen leading cadres of the General Assembly. Shanxi Provincial Party Committee decided that the Linfen municipal party committee secretary of Xia Zhengui suspended and is checked.

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September 16, 2008

Domestic Oil Prices

Filed under: Financial News — Tags: , , , , , — Nancy @ 5:59 pm -0700

Price of Domestic Product Oil faced the Pressure of Downward Adjustment

The sharp decline of international oil prices this month makes the domestic product oil price face the relatively great pressure on downward adjustment. One official of China Petroleum Group told to the reporter that the domestic oil prices had the possibility to reduce from the macro-economic aspect.

Tuesday Oil Prices closed at 91.15 USD per Barrel
The price of crude oil futures fell nearly 5% on Tuesday. It is expected that the global financial market turmoil and the cut from the Organization of Petroleum Exporting Countries caused the lowest close price since February.

China Petrochemical Refining Business is expected to Profit
The international crude oil prices created the lowest point, which means the domestic oil refining enterprises have been greatly reduced the operating pressure, some refineries can be profitable. Analysts had expected that there would be a further decline on crude oil prices in future.

Other News:

A: China Merchants Bank declared that the company had the bond issued by Lehman Brothers, which totally reached 70 million USD.

B: Vanke issued the listing announcement of corporate bonds.

C: In order to reshape the market confidence, in the past two days, the central banks of each country led by the U.S. Federal Reserve collectively saved the market, so that it injected over 300 billion USD liquid capital for financial system.

D: The Securities Regulatory Commission issued the new rules that the listed companies shall not implement the stock incentive compensation if they are in the red.

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August 31, 2008

Half Year Report Disclosure

Filed under: Financial News — Tags: , , — Nancy @ 7:21 pm -0700

End of Half Year Report Disclosure in Shanghai and Shenzhen Exchange Markets

Half year report disclosure had formally ended. From the statistics, the weighted average earnings for per share in two markets still has 0.23 Yuan, which creates the new high of the profit for per share in recent half year. Among which, overall profits of Shanghai companies create the new high in the history while the earning for per share of main-board companies in Shenzhen exchange market creates the new high.

 

Half Year Report: 80 Listed Companies increased 20% compared with the Previous Two Quarters

The half year reports of 87 listed companies have ended on August 30. Under the influence of currency deflation, export decrease and other disadvantage factors, there are 80 listed companies increased 20% compared with the previous two quarters.

 

Futures Business Departments Increase to 110

In this year, there are 110 futures business departments having prepared to construct, of which 43 departments have the brokerage background.

 

 

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