Thursday, March 13, 2008
The Board of Directors (the “Board”) of China Life Insurance Company Limited (the “Company”) hereby announces that a Board meeting will be held on Tuesday, 25 March, 2008 for the purpose of considering and approving the final results of the Company for the year ended 31 December, 2007 and the recommendation of a final dividend, if any, and transacting any other business.
posted on 3/13/2008 3:52:53 PM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
 Wednesday, March 12, 2008
Shares of Chinese equities listed on U.S. exchanges, referred to as ADRs, are trading sideways after the open. Large cap stocks seem to be consolidating after yesterday's huge rally with Baidu.com as exception. China's search engine giant, Baidu, is up another $5.27 at $265.66 passing the $260 resistance level easily. Baidu reported strong 2007 Q4 and full year earnings yet was on the low side, following weak market sentiment. But this time when sentiment is undecided, fundamentals came back on play, propelling Baidu back to the $260+ range.
posted on 3/12/2008 10:26:32 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
 Tuesday, March 11, 2008
Major U.S. indices welcomed the news seding the DJIA up 272 points to12,012. Chinese ADRs followed suit with top ten movers on the table below. Momentum kept rolling and Chinese ADRs had the best day in modern history: all major Chinese ADR indices rallied over 6 percent. The China ADR Index (CAI) rose 7.79% or 77.88 points today to close at 860.68. Index heavy-weights pulled the index with energy companies leading. All of China's oil triumvirate advanced, PetroChina (PTR), CNOOC (CEO) and Sinopec (SNP). China's third largest cola miner Yanzhou Coal (YZC) was on fire just as China's leading search engine giant, Baidu.com (BIDU).
posted on 3/11/2008 10:03:46 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
Special Notification China Shenhua Energy Company Limited and all members of its board of directors warrant the authenticity, accuracy and completeness of the information contained in this announcement, and jointly and severally accept full responsibility for any misrepresentation, misleading statements or material omissions contained in this announcement.
posted on 3/11/2008 9:15:00 AM (Eastern Daylight Time, UTC-04:00)  #    Comments [0] Trackback
 Wednesday, March 05, 2008
CTRP delivered a well-above-expectation performance in Q4 2007. Its sales revenue was RMB383 million (USD53 million) in Q4 2007, increasing 59% from Q4 2006 and 11% from Q3 2007. Of the revenues in Q4 2007, hotel reservations generated RMB196 million (USD27 million), rising 42% from Q4 2006 and 12% from Q3 2007 and air ticketing generated RMB154 million (USD21 million), increasing 78% from Q4 2006 and 12% from Q3 2007. Packaged tour contributed RMB 22 million (USD3 million), growing 100% from Q4 2006 and 6% from Q3 2007. The annual revenue in 2007 reached RMB1.2 billion (USD164 million), increasing 54% from year 2006. In comparison, its competitor elong, which reported a loss of RMB 14 million, reduces RMB 2.4 million.
posted on 3/5/2008 8:22:13 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Tuesday, March 04, 2008
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?
posted on 3/4/2008 1:17:29 PM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Friday, February 29, 2008
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.
posted on 2/29/2008 8:49:08 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
In case you don't have direct access to news from the Hong Kong Stock Exchange but want to know what's going on with Chalco (ACH) regarding assets that its parent, Chinalco is offering, here is a press release.
posted on 2/29/2008 8:39:56 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Thursday, February 28, 2008
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.
posted on 2/28/2008 10:26:36 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Wednesday, February 27, 2008
Baidu.com, China' leading search engine company advanced an astonishing $21.05 to close. Oil majors rose on the back of crude prices above $100 a barrel, Petrochina, Sinopec and CNOOC all were market leaders. On the flip side Chinese solar companies contied the free fall following a mjor downgrade by Citi earlier the day. That's the scoop for the day.
posted on 2/27/2008 7:56:19 PM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback
 Tuesday, February 26, 2008
Shanda Interactive (SNDA) opened $32.66 on Tuesday, up over 6% from $30.83 closing price on Monday. The stock is propelled by net revenue surge of 41% thanks to strong customer increase. Market sentiment is somewhat negative due to weak housing prices domestically. So let's take a closer look at Shanda's results, results that defy negative market sentiment.
posted on 2/26/2008 10:36:55 AM (Eastern Standard Time, UTC-05:00)  #    Comments [0] Trackback