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SMIC to filter fabrics introduce strategic investor
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SMIC to introduce strategic investorPublished: 09 Nov 2008 00:46:15 PST Nov. 7, 2008 (China Knowledge) – Semiconductor Manufacturing International Corp (SMIC)<981><SMI>, China’s largest chipmaker, said it has entered into an agreement to issue new shares to a strategic investor, sources reported. Stocks of the Chinese chipmaker were suspended on the Hong Kong Stock Exchange (HKEx) due to the stake sale. The deal will help beef up business for the company, said Richard Chang, CEO with SMIC. SMIC’s spokeswoman Reiko Chang refused to provide detailed information about the investor and the terms of the share offering. Copyright © 2008 http://www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related Topics China News 烘箱 深圳福田搬家公司 FAX DM kitchen cabinets on sale 苏州货运公司 ショッピング枠 現金化 kitchen cabinetry 振动盘 超声波清洗机

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Yang urges U.S., China cooperation on economic crisisPublished: 12 Mar 2009 18:11:07 PST WASHINGTON, March 12 – The United States andChina should work together to ”bring about a new round of worldeconomic growth,” Chinese Foreign Minister Yang Jiechi said onThursday. The two countries should cooperate to ”weather the stormand emerge from the (economic) crisis victorious,” Yang said inremarks at the Center for Strategic and International Studies,a Washington think tank. China and the United States should work to ”bring about anew round of world economic growth,” he added, withoutmentioning specific steps. 实验室家具 工作流 混合机 激光雕刻机 苏州超声波清洗设备 OA系统 喷丝板 外汇交易 超声波

China Li boat model fe, AIG in talks on AIA deal
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China Life, AIG in talks on AIA dealPublished: 26 Feb 2009 17:33:51 PSTFeb. 27, 2009 (China Knowledge) – China Life Insurance Co Ltd<601628><2628><LFC>, the largest insurer in the country, is in talks with American International Group (AIG) to acquire the latter’s Asian life insurance subsidiary, American International Assurance Co (AIA), the Shanghai Daily reported, citing a statement released by the China Insurance Regulatory Commission (CIRC).China Life and the U.S. insurer are currently in talks on a possible bid, said Li Kemu, the commission’s vice chairman, adding AIA’s China business is now under healthy operation. However, no comments from China Life and AIA are available so far. The New York-headquartered insurer was seeking to sell its Asian life insurance arm to help repay an US$85-billion government loan.Last October, AIG said it would seek buyers for its life insurance and retirement operations in the U.S., Europe, Latin America and Japan.In addition, China Investment Corp (CIC), the country’s sovereign wealth fund, and several Chinese banks planned to jointly bid for International Lease Finance Corp (ILFC), AIG’s aircraft leasing unit, according to China Knowledge’s earlier report.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News电磁流量计 Share trading online cabinets 現金化 比較 乳化机 办公室装修 热处理设备 キャバクラ 京都 Asian Escort london

Yunnan C t-shirt printing opper mulls buying copper mine in Kazakhstan
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Yunnan Copper mulls buying copper mine in KazakhstanPublished: 01 Dec 2009 19:42:13 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketDec. 2, 2009 (China Knowledge) – Yunnan Copper Co<000878>, the third-largest copper producer in China, is considering buying into a copper mine in Kazakhstan in 2010, the China Daily reported, citing General Manager Yang Chao as saying.Yunnan Copper expects its copper reserves to reach 9 million metric tons by 2012, and it is also seeking more copper reserves in Inner Mongolia and Tibet, said Yang, adding that copper prices may exceed RMB 70,000 per metric ton next year, although prices are likely to remain unstable. Yang predicted that copper demand will increase in 2010 and that the firm’s gross profit may hit RMB 600 million this year. In 2008, Yunnan Copper reported a net loss of RMB 2.9 billion.In the first quarter of this year, Yunnan Copper’s production fell 34% from a year earlier due to the global financial crisis. The copper miner has an annual refining capacity of about 500,000 tons and aims to expand to more than 600,000 tons this year.Copyright © 2009 http://www.chinaknowledge.com电磁流量计 香港花店 in stock kitchen cabinets 弹簧 乳化机 厂房装修 passenger elevator 現金化 bldc motor

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New Capital Accord Is on the WayPublished: 23 Aug 2009 18:09:06 PSTAll Chinese banks are scheduled to implement the new capital accord by the end of 2013. A customer handles business at the Beijing Branch of the Industrial and Commercial Bank of China”To align China’s practice with international standards,” said the China Banking Regulatory Commission (CBRC) on its website, ”the CBRC Basel II Implementation Group recently revised seven policy documents following the newly released Enhancement to Basel II Framework by the Basel Committee on Banking Supervision.”But that’s not all. ”Now, the CBRC would like to request public comment on the revised documents listed below. Comments can be submitted to the CBRC International Department,” the statement added, noting a closing date of September 15.The seven supervisory documents are devoted to aspects ranging from the calculation of the capital adequacy ratio to supervisory review for the capital adequacy ratio, the regulatory capital for exposure in asset securitization, as well as management of interest rate risks on banking books and the internal model approach to capital for market risks.Against a background of Chinese commercial banks that had granted a huge amount of loans in the first half of this year, the CBRC announcement has great significance in preventing risks to the banking sector. Yu Xiaoyi, analyst at Guangfa Securities Co. Ltd., for one, thinks the credit policy is favoring risk control.According to the CBRC plan on implementing the new capital accord by the end of 2010, large Chinese commercial banks will be the first to implement a new capital accord and—by the end of 2013 at the latest—all Chinese banks will have entered into the agreement.To guarantee implementation by the end of 2010 as scheduled, the CBRC has solicited opinions for the above seven guidance documents since December 2008 and has modified these documents according to the newly released Enhancement to Basel II Framework by the Basel Committee on Banking Supervision.The issuers of these documents, this time seeking public input, are hoping to standardize calculation of the capital adequacy ratio, while providing detailed ways with which to handle various types of capital investments. In turn, the goal is to explain all the items to calculate the capital adequacy ratio under the new capital accord.For the first time, however, the documents require ”the balance of capital tools issued by other banks that a commercial bank holds shall not surpass 20 percent of its core capital.”Beginning this year, the CBRC will continuously monitor the banks that implement the new capital accord, assessing the influence of the new agreement toward the capital adequacy ratio. According to the CBRC arrangement, it will finish monitoring and assessment on the banks seeking to implement the new accord by the end of 2010.Why implement of the accord?Huang Zhiling, General Manager of the Risk Management Department of China Construction Bank, said that since the Basel Convention was released for implementation in 1988, it has been a hot topic in the financial field. There are both pros and cons to this end. After the new capital accord was released, for instance, queries never stopped.According to Huang, there have been many such questions within the Chinese banking sector: Is the new capital accord effective? If so, why is it that many leading international financial institutions cannot resist the crisis? Why would it be ineffective? Should the Chinese banking sector implement this new capital accord?In Huang’s opinion, understanding these issues is just as important as understanding whether the Chinese banking industry can learn from past experience and go on to establish itself amid the global economic downturn. In Huang’s mind, moreover, the new capital accord i门禁 lithium polymer dental bearings 弹簧 电炉 深圳厂房装修 被リンク passenger elevator 离心风机

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China shares close downPublished: 27 Oct 2009 01:02:01 PSTChina shares closed down on Tuesday, with the benchmark Shanghai Composite Index dropping 2.83 percent to close at 3,021.46.The Shenzhen Component Index fell 3.14 percent to close at 12,412.45. Explore the World, Understand China!Please log on http://www.gloaltimes.cn门禁 Superannuation カード 現金化 比較 washing machine spare parts air conditioner motor 深圳装饰公司 テレホンセックス 纯水设备 外汇保证金

Van sale switching power supply s grow fast in domestic second-hand market
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Van sales grow fast in domestic second-hand marketPublished: 20 Oct 2009 23:02:01 PSTIn the first eight months of 2009, van sales in China grew 44.01 percent year-on-year. Van sales have became the fastest growing domestic second-hand automobile market, according to the China Automobile Dealers Association.A total of 363,300 units have been sold in the second-hand market during the period. The turnover reaches a value of 14.758 billion yuan, up 75.71 percent from a year earlier.The second-hand auto market made a turnover of 92.568 billion yuan from January to August. The value of passenger cars sold in the market was worth 50.563 billion yuan, up 22.97 percent year-on-year; coaches sold were worth 12.397 billion yuan, an increase of 32.92 percent from a year earlier.Compared with the same period last year, the average transaction price of second-hand vehicles increased 6.65 percent to 44,900 yuan. The average transaction price of second-hand coaches was 3,700 yuan higher than last year; vans were 7,300 yuan higher and those passenger cars stayed the same.Agencies and Shi Jierui contributed to this story Explore the World, Understand China!Please log on http://www.gloaltimes.cnlipo battery monolithic refractories 风机 クレジットカード ショッピング 現金化 クレジットカード 現金化 口コミ car sun shades ツーショットダイヤル 短信群发 kitchen accessories

Chinese stationery supplies stocks down 1.75% at mid-day
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Chinese stocks down 1.75% at mid-dayPublished: 28 Jul 2009 20:50:26 PSTTop 5 News From ChinaKnowledge.comBYD aims to sell 700,000 vehicles in 2010Chinese stocks open 0.53% lower on WedIKEA to set up Asian flagship store in BeijingDHL opens domestic transportation hub in WuhanCitibank China approved to open branch in ChongqingJul. 29, 2009 (China Knowledge) – Chinese stocks ended lower in the morning trading session.The Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, fell 1.75% or 60.32 points to close at 3,378.05 points in the morning session.The Shenzhen Component Index on the smaller Shenzhen Stock Exchange shrank 2.33% or 323 points to stand at 13,513.66 points.Market heavyweight PetroChina<601857><0857><PTR>, the nation’s top oil producer, decreased 1.98% to RMB 15.87.Coal stocks ended lower. Datong Coal Industry Co Ltd<601001>, the country’s second-largest coal producer by capacity, fell 2.02% to RMB 49.The newly-listed Sichuan Expressway Co Ltd<601107><0107> declined 9.99% to close at RMB 8.83.Steel makers suffered losses. China’s second-biggest steelmaker Angang Steel Co Ltd<000898><0347> decreased 2.10% to RMB 16.75.China State Construction Engineering Corp<601668>, which debuted on the Shanghai Stock Exchange today, surged 65.31% to RMB 6.91.Bank stocks ended higher. China Construction Bank Corp<601939><0939>, one of the country’s Big Four state-owned commercial banks, grew 1.29% to close at RMB 6.26.Copyright © 2009 http://www.chinaknowledge.com净化工程 激光打标机 上海翻译公司 換金 减速机 冷热冲击试验机 kitchen cabinets online ショッピング枠現金化 bathroom vanities

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Xi’an Electric Manufacturing to issue financing billsPublished: 14 May 2009 00:41:29 PSTTop 5 News From ChinaKnowledge.comBank of China grants US$2.93-bln loan to COSCO Container LinesHang Seng Index opens 429 points lower on ThuBeijing Capital Land sees sales revenue skyrocket 200%GM likely to import 17,335 China-made cars in 2011China Eastern’s Q1 fuel hedging losses hit RMB 916 mlnMay 14, 2009 (China Knowledge) – Xi’an Electric Manufacturing Corp yesterday announced that it will issue one-year financing bills on the interbank market on May 20, sources reported.The company hopes to raise up to RMB 700 million through the issuance.The financing bills will be issued at face value and the yield will be determined in the process of book building.The bills will become tradable on May 22, and both the value date and the payment due date will be May 21, according to the company’s statement.The proceeds from the issuance will be mainly used to replenish working capital.China Lianhe Credit Rating Co Ltd has rated the issuer and the bills AA and A-1, respectively.China Minsheng Banking Corp (CMBC)<600016> has been assigned as the major underwriter for the sale.Copyright © 2009 http://www.chinaknowledge.comクレジットカード現金化 launch x431 diagun 北京翻译公司 lithium battery 喷嘴 キャバクラ 求人 深圳装饰公司 ショッピング枠　現金化 kitchen cabinets

Sinotran Belt Supplier s parent firm to merge with CSC
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Sinotrans parent firm to merge with CSCPublished: 23 Dec 2008 01:38:37 PSTDec. 23, 2008 (China Knowledge) – China’s State-owned Asset Supervision and Administration Commission (SASAC) has approved the merger plan between China National Foreign Trade Transportation (Group) Corp (Sinotrans Group) and China Changjiang National Shipping Corp (CSC Group), sources reported.Sinotrans Ltd<598>, the Hong Kong-listed unit of Sinotrans Group, said in a statement filed with the Hong Kong Stock Exchange (HKEx) that the new entity will be named Sinotrans CSC Group.As the largest logistic company in China, Sinotrans Group holds a 57.93% stake in the listed unit. CSC Group, headquartered in central China’s Wuhan, Hubei province, is the largest river shipping company in the country.Shares of Sinotrans Ltd surged 7.91% to close at HK$1.50 on Monday.Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News老房子 autoboss V30 风机 lithium battery 除湿机 キャバクラ 求人 OA 除湿机 FX 比較

China Li apad android tablet fe’s premium income down 3.9% in Jan-May
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China Life’s premium income down 3.9% in Jan-MayPublished: 16 Jun 2009 18:12:26 PSTTop 5 News From ChinaKnowledge.comPetroChina seeks partner for RMB 15-bln refinery in ChongqingCNPC to start Sino-Burma pipeline construction in SepChina Life’s premium income down 3.9% in Jan-MayIBM inaugurates Global Rail Innovation Centre in BeijingChina’s fiscal revenue rises 4.8% in MayJun. 17, 2009 (China Knowledge) – China Life Insurance Co Ltd<601628><2628><LFC>, the country’s largest insurer by premiums, on Monday announced that its unaudited premium income in the first five months of this year totaled RMB 145.6 billion.The figure reflected a 3.9% decline compared with the RMB 151.5 billion recorded in the same period of last year. The drop was steeper than the 1.6% fall for the first four months of 2009.In May, the insurer’s premium income stood at RMB 19.61 billion, down 16.5% year on year, representing a decline for the third consecutive month.The larger decline in premiums is a result of high base figures from last year and of the effect of the adjustment of the company’s business structure.China Life’s smaller rival Ping An Insurance (Group) Co<601318><2318> said earlier that its life insurance unit, Ping An Life Insurance Co of China Ltd, recorded RMB 61.6 billion in unaudited premiums from January to May, according to an earlier report from China Knowledge.Copyright © 2009 http://www.chinaknowledge.comrta kitchen cabinets surge arrester 超声波清洗机 深圳南山搬家公司 港澳游 深圳搬家 テレクラ XP系统下载 FX 初心者

Haier’s boat model profit hits 666m in H1
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Haier’s profit hits 666m in H1Published: 11 Aug 2009 02:02:01 PSTHaier, the world’s fourth-largest white goods manufacturer, on Monday posted a 21.30 percent increase year-on-year in its net profit to reach 666 million yuan in the first half of 2009.According to its semi-annual report, the Qingdao-based company gained a 65.58 percent increase from the previous year to 111 million yuan in investment income, or 16.54 percent of the net profits.China’s largest household appliances producer has reached zero inventory since its business model changed from a large scale production to BTO (built-to-order). By adopting the method of ready money for ready goods, the company achieved 366 million yuan in cash flow during the first half, up 1,051.95 percent year-on-year.Haier gained 803.7 million yuan, or almost a half of its revenue from refrigerator sales from the January-June period, a rise of 8.45 percent from a year earlier.However, the report indicated a 12.15 percent loss of operating revenue at 16.60 billion yuan by the end of the first half of the year.Wang Xiaoying, securities analyst of Sinolink Securities noted three factors, an increasing yield, a decreasing loss from asset devaluation and strong refrigerator sales, are the reason for its shrinking revenue but rising net profit.Haier sounded a more optimistic tone on its prospects for the second half of 2009. The company says its global business will be further advanced by strategically cooperating with another world famous brand that was not named in its report. Explore the World, Understand China!Please log on http://www.gloaltimes.cnready to assemble kitchen cabinets car sun shades 超声波 苏州货运 港澳游 furniture legs クレジットカード 現金化 口コミ 苏州螺杆冷水机 refractories castable

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Inventec adds plantPublished: 28 Dec 2009 12:02:03 PSTTaiwan’s Inventec Corp, the world’s fourth-largest contract notebook computer maker, said Monday it will spend $800 million to build a plant in southwestern China.Inventec said in a statement it had signed an agreement for the five-year investment project with the government of Chongqing over the weekend.Inventec said the Chongqing plant will become its second manufacturing base on the Chinese mainland after an existing plant in Shanghai.In the initial phase of the investment, the Chongqing facility will focus on notebook computer manufacturing and then expand to servers, mobile communications and software production, Inventec said.The Taiwanese company said it expects the Chongqing plant will create an annual output worth $10 billion five years after investment is completed.It was not clear from the statement when the plant would become operational, or whether it would be a joint venture. Inventec officials could not immediately be reached for comment.Reuters Explore the World, Understand China!Please log on http://www.gloaltimes.cncheap kitchen cabinets car sun shades 物流公司 深圳搬家公司 solid wood kitchen cabinets Rift gold 苏州物流公司 深圳装修公司 激光切割机

IBM sets hex nut up 1st cloud computing lab in Hong Kong
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IBM sets up 1st cloud computing lab in Hong KongPublished: 19 Apr 2009 18:09:43 PSTApr. 20, 2009 (China Knowledge) – IBM Software Group, the world’s second largest software company, announced on Thursday that it is establishing the first IBM cloud computing lab in Hong Kong, making a global hub for Web-based messaging services to support IBM’s emerging LotusLive (www.lotuslive.com/) cloud service portfolio through providing affordable company-to-company social networking and online collaboration tools, sources reported.Hong Kong’s information technology center Cyberport complex will house the new IBM cloud computing lab.LotusLive will form virtual communities in the cloud, enabling the connections between colleagues, partners, suppliers and customers. Jeremy Godfrey, Hong Kong Government Chief Information Officer, expects the new lab will help the local information industry jump-start the enterprises’ cloud computing projects and enhance the computing capabilities in global markets.Bob Picciano, general manager of IBM Lotus Software, said the new cloud lab will help businesses, large and small, work smarter to have more innovations and save costs.Furthermore, IBM said it has finished the acquisition of Outblaze Limited’s messaging assets, which include one of the largest online service platforms for the provision of secure, private-label email, collaboration and social media services to enterprises and academic institutions.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News老房子 冷热冲击试验箱 蝶阀 lithium battery panoramic elevator 冷热冲击试验机 深圳搬家公司 Aloe vera RTA cabinets

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Tianjin Port may miss target Published: 23 Oct 2008 22:23:37 PSTTianjin Port Co. may miss its growth target next year as a global economic slowdown damps demand for Chinese-made goods overseas. ”The first half of next year is going to be the most difficult period,’’ Chairman Yu Rumin said on 27 September, ”Container traffic related to exports will be hurt the most.’’ Tianjin may struggle to boost cargo-box volume more than 20% as planned because rising job insecurity and a stagnant housing market are curbing demand for new furniture and consumer electronics in the U.S.. Missing the target ”wouldn’t be a surprise as China’s container growth is expected to slow,’’ said Ric Leung, a Hong Kong-based Everbright Securities Co. analyst, ”It makes sense for Tianjin to diversify its business by boosting dry-bulk.’’ クレジットカード 現金化 冷热冲击试验箱 lithium polymer 过滤机 クレジット 現金化 クレジットカード 現金化 口コミ 弹簧 Aloe vera 深圳装修公司

China’s electrical enclosure GDP to grow 8.5% this year: BoCom
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China’s GDP to grow 8.5% this year: BoComPublished: 03 Aug 2009 01:11:50 PSTTop 5 News From ChinaKnowledge.com China Mobile, Chunghwa Telecom to launch 3G cooperation Suntech inks strategic cooperation agreement with CECIC CNPC to invest in US$2.5-bln oil field in Iran Home appliance sales hit RMB 28 bln under rural subsidy program Hang Seng Index opens 9.35 points higher on MonAug. 3, 2009 (China Knowledge) – China’s economy will continue to rebound from the global financial recession in the second half of this year and is expected to grow 8.5% for the whole year, according to a report released by the Bank of Communications<601328><3328>on Sunday.The report also forecast that the country’s gross domestic product will expand 9% in the third quarter and 9.8% in the fourth quarter. The report indicated that the country will achieve the target of 8% GDP growth for the full year due to rising domestic investment and consumption. The report also said that inflation pressure still exists, but is unlikely to be obvious this year. The consumer price index is expected to increase in the fourth quarter but to be down 0.5% for the whole year. The producer price index is likely to rise next year. In the second half of this year, loans will continue to grow. New loans for this year are expected to be between RMB 9 trillion and RMB 10 trillion in total. China’s gross domestic product expanded 7.9% in the second quarter of this year after expanding 6.1% in the first quarter. Copyright © 2009 http://www.chinaknowledge.com风机箱 除湿机 lithium polymer 外匯買賣 弹簧 自清洗过滤器 芦荟 滤油机 外汇保证金交易

Sinophar veste rouge m posts 44.6% growth in net profit for H1
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Sinopharm posts 44.6% growth in net profit for H1Published: 27 Sep 2009 18:18:51 PSTTop 5 News From ChinaKnowledge.comBDA obtained RMB 115 bln credit line from 8 Chinese banksRegal REIT’s CEO to resign next yearGM expects stable sales in China next yearHSBC’s HK dollar prime lending rate unchangedShenzhen Dawncom Business to become property firmSep. 28, 2009 (China Knowledge) – Newly-listed Sinopharm Group<1099>, which is the largest distributor in the Chinese pharmaceutical market and is controlled by state-owned China National Pharmaceutical Group, realized a net profit of RMB 476.57 million in the first half of this year, up 44.6% from RMB 329.49 million a year earlier, sources reported.According to a statement filed with the Hong Kong Stock Exchange, the Shanghai-based company’s revenue rose 20.4% year on year to RMB 22.01 billion during the reporting period. Sinopharm, which raised RMB 7.41 billion in an initial public offering on HKEx earlier this month, said revenue from pharmaceutical distribution rose 20.1% year on year to RMB 20.56 million as it added new hospital customers and sold more products to existing customers.Net profit margin rose to 2.2%, up from 1.8% over the corresponding period of last year. Sales from retail pharmacy operations rose 27.4% year on year to RMB 571.81 million. No interim dividend was declared. In April, the Chinese government unveiled a three-year plan for health care reform, which involves an investment of RMB 850 billion. Sinopharm is well positioned to benefit from the central government’s health care reform plan, said Chairman She Lulin.Copyright © 2009 http://www.chinaknowledge.comCFD Rift platinum 弹簧 外匯買賣 oa办公系统 elevator manufacturer miniature bearings 外国為替 联轴器

Hang Sen casual wedding dress g Index up 0.14% on Fri
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Hang Seng Index up 0.14% on FriPublished: 03 Jul 2009 01:21:58 PSTTop 5 News From ChinaKnowledge.comMicrosoft China releases attractive retail prices for Windows 7Chinese airlines seek help covering rising jet fuel costsShanghai GM sales up 71.5% in JuneGoogle China ad revenue up 25% in Q2Taiwan’s Chunghwa Telecom to launch new iPhone 3GsJul. 3, 2009 (China Knowledge) – Hong Kong stocks rose on Friday. The Hang Seng Index, the benchmark, opened 217 points lower at 17,961. After touching the intraday low of 17,984.81 points, the blue-chip Hang Seng Index rose 25.35 points or 0.14% to close at 18,203.4.Mainboard turnover rose to HK$54.3 billion. The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, swelled 11.88 points or 0.11% to 10,983.77 points. Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, increased 0.08% to HK$64. BaWang Group<1338> surged 27.31% to HK$3.03 on its first trading day.Gold stocks declined after gold futures prices in New York fell. Zhaojin Mining Industry Company Ltd<1818> slid 1.46% to HK$12.14. Lingbao Gold Company Ltd<3330> went down 0.36% and closed at HK$2.8. Sino Gold Mining Ltd<1862> slipped 4.96% to HK$29.7. Zijin Mining Group Co Ltd<601899><2899> decreased 1.59% to HK$6.82. Fujian billionaire Chen Fashu sold a total of 147 million shares of the firm during the period from May 25 to Jul. 1. Real estate stocks ended mixed. SOHO China Ltd<0410> rose 4.28% to HK$5.12. Sun Hung Kai Properties<0016> went down 0.57% and closed at HK$95.25. Cheung Kong (Holdings) Ltd<0001> slid 0.12% to HK$87.15. Henderson Land Development Co Ltd<0012> rose 0.23% to HK$43.7. Agile Property Holdings Ltd<3383> slid 0.9% to HK$11. Beijing Capital Land Ltd<2868> rose 10.2% to HK$3.89 after it announced that its sales revenue totaled RMB 5 billion in the first half of this year, accounting for 83% of annual goal. Insurance stocks ended higher. Top insurer China Life Insurance<601628><2628><LFC> rose 1.75% to HK$29.1; while smaller rival Ping An Insurance<601318><2318> swelled 4.52% to HK$56.65. PICC Property & Casualty Co Ltd<2328> swelled 2.28% to HK$5.39. China Insurance International Holdings Co<0966> rose 5.78% to HK$18.3. Copyright © 2009 http://www.chinaknowledge.comCFD MBA カード 現金化 比較 工作流 深圳装修 china elevator 搅拌机 搅拌机 管理咨询

Sinopec 外匯買賣 Group suffered RMB 114.4-bln refining loss last year
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Sinopec Group suffered RMB 114.4-bln refining loss last yearPublished: 24 Jun 2009 17:02:10 PSTTop 5 News From ChinaKnowledge.comU.S., E.U. launch WTO case against China on raw material exportsChina’s GDP likely to grow nearly 8% in Q2Sinopec Group suffered RMB 114.4-bln refining loss last yearBYD plans to release 5 new car models in H2China Shenhua to build coal-to-oil plant in Oct-2010Jun. 25, 2009 (China Knowledge) – China Petrochemical Corp (Sinopec Group), the parent of Sinopec<600028><0386><SNP>, on Jun. 23 posted RMB 114.4 billion in losses in the oil refining business for 2008 resulting from the high price of crude oil, sources reported.According to the statistics released by the oil giant, the group’s processed crude oil amounted to 173 million tons last year. Sinopec posted RMB 102 billion of losses in the refining business for 2008, whereas it had RMB 13.6 billion in losses in 2007. In the first four months of this year, Sinopec’s sales volume of refined oil declined 10% year on year. Retail sales shrank 16% year on year, reaching 32 million tons. The declining sales volume is mainly a result of the shrinking market for diesel fuel, which accounting for two thirds of the sales. In the same period, Sinopec saw a year-on-year decrease of 11% in sales volume of refined oil in North China, while it saw decreases of 12% in South China and 14% in East China. In the eastern areas of the country, the company saw a year-on-year decline of 9% in Jiangsu Province, 13% in Zhejiang Province, 12% in Fujian Province and 28% in Shanghai. This year, Sinopec aims to sell more than 40 million tons of gasoline and 80 million tons of diesel fuel this year, accounting for 64% of China’s refined oil market. Copyright © 2009 http://www.chinaknowledge.com过滤器 kitchen cabinets wholesale kitchen cabinets for sale 工作流 弹簧 現金化 ビジネスローン skateboard bearings refractories china

DBS open WAGO TERMINAL BLOCK s new outlet in Nanning, Guangxi
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DBS opens new outlet in Nanning, GuangxiPublished: 25 Feb 2009 00:00:00 PSTFeb. 25, 2009 (China Knowledge) – Singapore-based bank DBS officially opened its new outlet in Nanning, Guangxi Zhuang Autonomous Region on Tuesday, despite the deepening global financial crisis.The financial turmoil won’t stop the bank’s network expansion, said Stanley Ku, head of consumer banking of DBS Bank (China) Ltd, adding it will continue enhance its presence on China mainland and attract more clients there. The new branch has been running on a trial basis.The bank also opened a retail outlet in Shanghai on Monday this week.In addition, another Singapore-headquartered lender, Oversea-Chinese Banking Corp Ltd (OCBC), said it had started providing retail outlet services on weekends in China.OCBC, which has 400 staff on the mainland, noted it was opening four retail outlets in Shanghai and Chengdu on Saturdays, in a bid to compete with its rivals.OCBC expects its workforce to grow to 1,000 by 2010, as per industry sources.Copyright © 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News深圳装饰 烘箱 Shenzhen lawyer 弹簧 sofa legs 深圳罗湖搬家 网络电话 外国為替 有机玻璃 キャバクラ 大阪