Stocks in Asia and Europe rose at the end of the month as fears of a deep U.S. recession receded. Despite favorable global economic climate change, Chinese stocks haven’t regained their shine yet. As the chart on the page testifies Chinese domestic shares in Shanghai are off 35% year-to-date (YTD) a far cry for U.S. China stock investors whose benchmark, the China ADR Index is down by 16.7% YTD.

China's telecom industry restructuring got the green light on Saturday, May 24, 2008. This is the Chinese telecom landscape before and after. While the general idea of leveling the battleground for telecom players may sound well, the end result will be three seemingly similar, yet different companies. As an investor, you should look into details to get ahead of the game.

There were three main businesses that experienced significant growth during 2007. They include internet access services, value-added and integrated information application services and Leased line services and others, rising 32.1%, 35.4% and 19.9% respectively. Collectively, they contributed 34% of total operating revenues in 2007. The internet service is the largest component of the three growing business in 2007. The operating revenue from the internet service was RMB 31,340 million in 2007, making up 23% of the total operating revenue. Broadband subscribers increased at an average rate of 1.87% monthly and had amounted to 37.71 million by the end of Q1 2008.

For the first quarter of 2008, despite facing the challenges from the intense market competition and the increased diversity in communication means, the Group had successfully maintained its solid fundamentals. The Group grasped the opportunities brought by informatisation to tackle various challenges, and promoted the scale development of transformation businesses to drive revenue growth. Additionally, capitalizing on the customer brands operation and effective packaged sales of voice and transformation businesses, the Group endeavored to foster customer loyalty and mitigate the loss in voice revenue, progressively transforming voice usage value to integrated information services.

The Board announces that the Company and China Telecommunications Corporation have entered into the Supplemental Agreement on 31 March 2008 to amend certain terms of the Centralized Services Agreement to adjust the pricing basis for the use of international telecommunications facilities.

Early this year, a snowstorm with its scale and duration unprecedented in the last century occurred in China. The snowstorm caused grave disturbances to people’s daily lives, as well as serious challenges to our telecommunications services. During the Lunar New Year, in places where the snowstorm was most severe, I myself witnessed many of our people volunteered to sacrifice their precious family gathering opportunities to make emergency repairs on the telecommunications

The board of directors (the “Board”) of China Telecom Corporation Limited (the “Company”) announces that a meeting of the Board of the Company will be held on Monday, 31 March 2008 to approve, among other matters, the annual results of the Company and its subsidiaries and to consider the payment of the final dividend for the year ended 31 December 2007.

A near 20 percent correction in the Chinese stock universe in January marked the worst month for Hong Kong equities since Oct. 1997 as rising risks of a U.S. recession prompted a global equities sell-off. As the following chart suggests, the Hang Seng Index of Hong Kong lost 15 percent in January alone. U.S. listed Chinese stocks did not make it any better as the broad China ADR Index or CAI lost 14.7 percent, too. U.S. stocks held up better, sending the DJIA down 4.9 percent for the month to 12,650. To make matters worse, ratings agency Standard & Poor's said it cut or may cut its rating on up to $534 billion of subprime bonds. Where is the bottom? Where do Chinese ADRs go from here?

CHINA TELECOM (00728) China Telecom Corporation (NYSE:CHA) - Announcements and Notices - EXTRAORDINARY GENERAL MEETING HELD ON 25 FEBRUARY 2008 - POLL RESULTS. As of the date of the EGM, the total number of issued shares of the Company was 80,932,368,321, which was the total number of shares entitling the holders to attend and vote for or against the special resolution. There were no restrictions on any shareholders casting votes on the proposed special resolution at the EGM. The EGM was held in compliance with the requirements of the Company Law of the People's Republic of China and the provisions of the articles of association of the Company.

Shares of Baidu.com, China's premier search engine, continues the rally it started yesterday on allegation that it acquired web browser company Maxthon. Baidu was heavily oversold lately despite stellar Q4 financial results. At this point Baidu.com Inc. (BIDU) has more upside potential as is demonstrated by its reaction to the positive news. Another top mover is Ctrip.com (CTRP), China's leading online travel agency. The stock is up $4.18 or 7.65% after reporting better than expected Q4 and 2007 full year financial result. Revenue topped forecast while earnings doubled.

China Mobile (CHL), the largest telecommunication operator in China, enjoys the advantages of monopoly power, higher network coverage than its competitor China Unicom, strong customer loyalty and new customer acquisition abilities. In the near future, China telecommunication industry is expected to reform. The most likely restructuring plan would be that China Mobile (CHL) merges with the national railway's fixed-line unit, China Tietong. China Unicom's (CHU) GSM mobile business joins with China Netcom Group while China Telecom Corp (CHA), the country's top fixed-line operator, acquires Unicom's CDMA mobile telephone business

Chinese New Year celebrations closed down the Hong Kong and Shanghai Stock exchanges. This has no effect on the trading of Chinese stocks listed on U.S. exchanges. The China ADR Index (CAI) gained 21.14 points on Thursday, fueled by strong gains in the telecom sector, particularly CHL.

Shares of Chinese companies listed on U.S. exchanges experienced one of the worst month in history. The China ADR Index (CAI), an overall barometer for the performance of all Chinese equitites listed on the NYSE and NASDAQ combined, lost -15.60% and the last trading day hasn't started yet.

Chinese stocks listed on American exchanges are down for the year 2008, tracking Wall Street sentiment relatively closely. CAI, CYI and CQI are market cap weighted indices and as such are tracking large cap companies very closely. China telecom sector got caught on fire in the afternoon on news of a possible industry revamp and its implications. CHU, China's smaller mobile carrier is expected to benefir from the industry reshuffle. China Unicom rose 2.2% to $22.78.

The China ADR Index (CAI) lost -9.57 points to read 863.61 by noon on Monday. NYSE listed Chinese equities held up better, the China NYSE Index (CYI) lost only -9.38 points while the China NASDAQ Index (CQI) is down by -14.21 points. Oil stocks are weighting on the index heavily. Index heavyweight PetroChina (PTR) lost $2.63 or -1.78% to $145.20 dragging down the index. Asia's largest refiner SNP lost $2.48 or -2.12% while offshore specialist CEO lost $2.48 or -1.70% to trade at $143.02.

Chinese stocks made a modest comeback by noon on Friday. The China ADR index, measuring cap weighted performance of 67 Chinese stocks, is up 0.35 percent. NASDAQ names are up almost one percent. NYSE names are laggards.

9:30 A.M. reading: Chinese indices plunged with NYSE listed Chinese stocks most. NASDAQ listed Chinese stocks have been already beat up and finally, NYSE names came down, too. PetroChina (PTR), Sinopec Corp (SNP), China Telecom (CHA) and China Mobile (Hong Kong) Ltd., (CHL) dragged the NYSE listed China stock index (CYI) to historical lows since its inception. CYI lost -13.15 percent versus last Friday, posting its single biggest one day drop ever. Among NASDAQ names, Baidu.com Inc. (BIDU) , Focus Media Holding Ltd. (FMCN) , Ctrip.com (CTRP) and JA Solar Holdings Co. (JASO) were most severely hit.

With all these changes ahead, China stock investors want to know why China Mobile (CHL) is boosting a significantly higher subscriber grow rate than China Unicom. Is it because of China Mobile's wider coverage and superior network? Does CHL have better coverage in rural areas? How good/bad is CHU's CDMA network?

U.S. listed Chinese ADRs plunged on Thursday, suffering their worst two-day fall. As the following table shows, the "China ADR Index" (CAI) is down by -12.28% year-to-date (YTD), the "China NYSE Index" (CYI) is down by -11.95% YTD, and the "China NASDAQ Index" (CQI) is down by -21.0% YTD. These indices are market cap weighted and are set at 1,000 as of January 1, 2008.

Telecom industry restructuring is imminent in China. We identify forces behind the scene, seek answers, share opinions and thoughts what China telecom industry might look like after the bing bang.

A near 20 percent correction in four weeks has wiped $700 billion off the Shanghai Stock Exchange, making global investors nervous about a possible China meltdown. Considering the 132% run of the Shanghai Composite in 2006 and a subsequent 125 percent run in 2007 before the current pullback, a bubble theory has ample room to develop. The question is this. Is there a bubble and if so how to hedge against that?

I understand possible industry revamp my erode CHL market share - so CHL was not the winner today. But CHU did well both in Hong Kong Stock Exchange and Shanghai Stock Exchange, suggesting a stellar perfrmace for today on the NYSE.

Stocks that are oversold big time and thus are ready for comeack today are ACH, HNP, CEA and YZC. Plus shares of Chinese fixed-line operators China Telecom Corp. and China Netcom Group Corp. gained for a second session in Hong Kong Tuesday on expectations they could soon receive third-generation cellular licenses. So that rally is not technical but fundamental in nature so don't try to find it on this screen. Still, CHA and CN are about to cheer investors to day, too.

China stocks post biggest weekly loss in a decade: China's main stock index closed Friday with a weekly loss of 8 percent, its biggest weekly drop since May 1997. Chinese ADR portfolio was just as bad with no clear indication where the bottom is. Look up from the table below how your Chinese stocks did.

I expect China ADRs to beat expectations and cheer investors all over the board. Stocks that I expect to fly today are: YZC, PTR, CEO, BIDU, SNP, LFC, CHL, CHA, CHU plus quality NASDAQ listed Chinese stocks.

Sometimes we get it right: we predicted yesterday that today will be an even BETTER day. We have no reason to doubt it at 9:00 A.M. before the bell. We will see.

China telecom stocks (CHL, CN, CHA, CHU), China Life Insurance (LFC) face a potentially GREAT day. Plus take a look at the China stock universe from a technical point of view.

Facts, figures and changes in the Chinese telecom industry. China Mobile (CHL), China Telecom (CHA), China Unicom (CHU), China Netcom (CN), China Railcom

Market update: reflections on the Pre-market report at 11:00A.M.

Chinese stocks have risen since the notorious 9 percent intraday plunge in late February. As the matter of fact, the Shanghai Composite (^SSEC) is up almost 25 percent since the incident while the record breaking DJIA barely keeps space with such a sharp rally.

Mr. Alan Greenspan is still a heavyweight. Some secondary remarks from the former FED Chairman, e.g. the U.S. is showing signs of recession, shook global equity markets overnight.

2006 was “The Year” for Chinese stocks. A seemingly unquenchable investor thirst for all things Chinese helped propel the Shanghai Composite Index to a 130% gain for the year, followed closely by the Hang Seng China Enterprise Index.

Investing in Chinese equities is a risky business. But one can ask: how risky? Is there a reliable risk measure geared specifically to investors who navigate in the Chinese stock universe? Our current Newsletter addresses this very important question and will shed light on stocks that are relatively safe and stocks that you should avoid.

Liquidity, or the ability to buy and sell large blocks without effecting the share price, is perhaps the most important factor for institutional investors in choosing where to execute their trades. Looking at the Chinese stock universe from an American investor’s point of view, there are three markets that investors would consider: the NYSE, the NASDAQ and the Hong Kong Stock Exchange. Investing in Shanghai and Shenzen is still limited for foreigners and is further complicated by corporate accounting differences and information asymmetry.