Shares of China's largest aluminum maker, Aluminum Corp. of China (NYSE:ACH) or simply CHALCO, jumped over 10% today thanks to news that China's top 20 aluminum smelters will cut production by 5-10 percent, eliminating an excess capacity of around 1,000,000 tonnes. The news sent price of aluminum up $130 a tonne to $3,350/tonne at the London Metal Exchange from Wednesday to Thursday.

China's largest coal miner, China Shenhua Co. (1088.HK), announced changes to on-grid tariffs its power plans will charge in the future. Shenhua is not only China's larget coal miner by output but operates a significant power generating capacity in various regions in China. Based on capacity and other factors, the above increase represents an average increase of 13.8/Mwh Yuan or an increase of 4.53%.

Rising tension in the Middle East send oil higher. Iran fired 9 long and medium range missiles in the Hormuz straight, increasing tensions in international oil markets. Result: oil is up again - Stocks pull back in early trading as oil rebounds As the following chart from Google finance clearly demonstrates, when oil goes up airliners tank. We have two large Chinese airliners listed in US exchanges - Chinese airliners had a great day in Hong Kong while we were sleeping. As the following short summary of most active stocks in Hong Kong testifies, shares of China Southern Airlines (1055.HK) gained 5.9%. Air China (0753.HK) went up 5.4% while China Eastern Airlines (0670.HK) gained 5.0%.

While NYSE listed Chinese ADRs are the large cap, former state owned conglomerates or industry leaders - blue chips - NASDAQ listed Chinese ADRs represent Chinese small to medium cap stocks with more entrepreneurial spirit. NYSE listed stocks are considered low risk/low return stocks when it is measured by average P/E. However NYSE listed china stocks had a surprisingly strong 2005-2006 and 2007 performance, well outshining NASDAQ listed ones.

You got to love this: based on the Overbought/Oversold indicator, three stocks are set to do well today: Chine Unicom (CHU), China Eastern Airelines (CHA) and Huaneng Power (HNP). Remember, this technical indicator is posted for Advanced level subscribers at Chinavestor.com each morning before the market opens. See how you could have made money today: by looking at the chart

Changes to the previous posting: "Beat Management's Guidance", the logic behind was not so clear hence chart is deleted. Some statistics table on the front are gone, while some charts in financial analysis section are added such as net income growth, EPS etc. The share repurchase part is also modified.

China's largest independent power generator, Huaneng Power International (HNP), disclosed tariff increases in a statement. (for document, click here) According to the document published by the Hong Kong Stock Exchange, Huaneng will increase on-grid tariffs of its coal powered power plans by RMB19.32/MWh or 5.16%, on average. The increase is effective as of July 1, 2008. The increase will add 5.16% to Huaneng's revenues on top of favorable coal price purchases. The same day, June 20th, Chinese regulators capped coal prices miners can charge power generators; making it a double whopper. Not only will revenues for Huaneng increase by tariffs hike, but costs of goods sold will be lower than previous quarter. This makes Huaneng a lucrative stock at current prices (trading $26.08 as we speak).

On 27 June 2008, the Company completed the Acquisition of SinoSing Power from Huaneng Group. Immediately following completion of the Acquisition of SinoSing Power, TPGS became an indirect non-wholly owned subsidiary of Company and is owned as to 75% by Tuas Power, an indirect wholly owned subsidiary of the Company, and 25% by GSPL which is a subsidiary of Temasek. Temasek therefore became a substantial shareholder of a subsidiary of the Company and a connected person of the Company under the Hong Kong Listing Rules. By virtue of being an associate of Temasek, each of Tuas Power Connected Persons became a connected person of the Company for purposes of the Hong Kong Listing Rules.

On 27 June 2008, the Company entered into the Sale and Purchase Agreements with the Buyer regarding the sale and purchase of the Aircraft in accordance with the terms and conditions thereof. To the best knowledge, information and belief of the Directors having made all reasonable enquiry, the Buyer and its ultimate beneficial owner(s) are third parties independent of the Company and connected persons (as defined in the Listing Rules) of the Company, and are not connected persons of the Company.

There has been a lot of action within the Chinese oil industry lately and I think this might be a good time to sum all important news into a reasonable summary. First of all, China has three publicly traded oil companies: Petrochina (PTR), Sinopec (SNP) and CNOOC Ltd. (CEO). These companies went public on the NYSE first, then in Hong Kong and recently in Shanghai. Since Chinavestor is a china stock analyst for the U.S. investors, we'll cover NYSE listed ADRs only. Note: Hong Kong listed H-shares correlate very closely to the NYSE listed ADRs, so basically there is not much difference there. The difference comes in from Shanghai, China's domestic stock market because it is closed for foreigners and thus price distortions occur.

Shares of chinese companies listed on the U.S. exchanges opened up mixed. China Mobile (CHL), the world's largest mobile phone company by subscriber number came back strong in Hong Kong, signalling a good start for the day in New York. The positive outlook of the industry leader had a positive effect on smaller players such as China Ntecom (CN) and China unicom (CHU). All three Chinese telecom companies are between 2.38% and 1.55%.

High oil sent Wall Street lower today, the DJIA sinking 166.75 points to a two year low of 11,215.51 points. Shares of Chinese companies followed suit, the China ADR Index (CAI) losing 38.28 points to close at 701.88. The index is down 29.81% year-to-date (YTD), following negative Wall Street sentiment.

The Acquisition has already been approved by China Huaneng Group in accordance with its internal procedures, as well as by the board of directors and shareholders of the Company and the relevant governmental authorities. All conditions precedent in the Transfer Agreement have been satisfied. In accordance with the Transfer Agreement, the Company has made an one-off payment of the consideration in full to China Huaneng Group.

The AGM was held at Meeting Centre, Shanghai Homeyo Hotel (上海航友賓館), 2550 Hongqiao Road, Shanghai, the PRC on Monday, 30 June 2008. Shareholders representing 3,251,040,427 shares of the Company were present, in person or by proxy, at the AGM. The AGM was validly convened in compliance with the relevant requirements under the Company Law of the PRC and the articles of association of the Company.

On 6 May 2008, the Directors of HSBC Holdings plc declared a first interim dividend for 2008 of US$0.18 per ordinary share. The dividend is payable on 9 July 2008 to shareholders on the Principal Register, the Hong Kong Overseas Branch Register or the Bermuda Overseas Branch Register at close of business on 23 May 2008 in cash in United States dollars, sterling or Hong Kong dollars, or a combination of these currencies and with a scrip dividend alternative.

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.