China Financial Daily

March 10, 2009

Vanke net profit down 17 percent; Wang Shi cut down 4.4 million annual salary

Filed under: Financial News — Tags: , — Nancy @ 4:19 am -0700

Vanke net profit down 17 percent; Wang Shi cut down 4.4 million annual salary
Annual Report shows that Wang Shi annual salary sharply reduced to 2.481 million yuan from 6.91 million yuan last year with two-thirds decline, which is much lower than ST Zhi-Qiang Ren 7.743million and HUAFA(14.20, -0.27, -1.87% ), chairman Yuan Xiaobo 7.23million. 2008, in the adjustment in real estate market, Vanke performance remains stable, the company at its annual report disclosed: in 2008 the company achieved operating income of 40.992 billion yuan, which was 15.38% slightly more than in 2007 ; earnings for per share was 0.37 yuan, net asset yield was12.65 percent .

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September 22, 2008

Industry

Filed under: Financial News — Tags: , , , , — 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.

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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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