On 26 May 2008, pursuant to the mediation arrangement of the Supreme Court of the People’s Republic of China as implemented by the Higher People’s Court of Shandong Province, Yanzhou Coal has released the 200 million shares in Huaxia Bank Company Limited that were transferred to Run Hua Group Limited (“Run Hua Group”) to enable Run Hua Group to finance the settlement of the principal and interest of the entrusted loan owed by Lianda Group Limited to Yanzhou Coal. Yanzhou Coal announces that it recovered the principal and interest of the entrusted loan in the amount of RMB780 million on 30 May 2008.

Despite surging commodity prices and a weak dollar shares of China's largest aluminum and alumina maker, Aluminium Corp. of China or CHALCO, are down 16.57% year-to-date (YTD). The question is: what's wrong with Chalco? Chinavestor reached out to different analysts to find some clues. Here is Chalco's first quarter performance from a fundamental analyst's point of view.

Stock markets have been keeping a close eye on oil prices as a proxy for near term momentum. For today, as oil fell close to the $130 range before news on US oil inventories, the markets may take a breather. But for China, oil is a different story. Fears of rationing of diesel have been around as the summer season nears. The latest reports suggest that diesel rationing spread from coastal areas to big cities such as Shanghai, Ningbo, Beijing and Guangzhou. The question remains: are China's oil triumvirate capable of securing China's oil needs. On the investor corner, we give you tips how to benefirt from the current situtaion.

Shanda is the leading online game company in China. Its 4th Qtr earning in 2007 has surpassed analysts’ estimation. Its diversified online game lines, robust profitability of each line, and Come-Stay-Pay (CSP) revenue model contribute to its robust profit. Also, its “online game platform” strategy enables its game pipelines to be fulfilled in a timely manner. It is expected to remain such strong earning in the next period.

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.

At the request of China Netcom Group Corporation (Hong Kong) Limited (the "Company"), trading in the shares of the Company on The Stock Exchange of Hong Kong Limited has been suspended from 12:26 p.m. on 23 May 2008 pending possible price-sensitive information to be announced.

Yanzhou Coal, China's third largest coal miner, is the best performing Chinese stock today. The stock is up excatly 15.0% year-to-date or even better, up 75% since March 26, 2008 as the following screenshot from Google finance testifies. You may say: "Wish I had known this stock just two months ago."

Yanzhou Coal Mining Company Limited (hereafter the “Company”) has entered into a sale and purchase agreement of coal with Huadian Power International Corporation Limited (hereafter “Huadian International”) for year 2008 (hereafter the “Agreement”). Pursuant to the Agreement, the quantity of coal sales by the Company to Huadian International for year 2008 amounts to a total of 7.3 million tonnes, representing an increase of 2.5 million tonnes or 52.1% as compared with the amount sold in year 2007. Such increase in the quantity of coal sales to Huadian International is mainly due to the increased coal consumption by Huadian International resulted from its increase in the number of power generators. The net price of coal under the Agreement is RMB470.15 per tonne, representing an increase of RMB129.12 per tonne or 37.9% as compared with the price per tonne supplied in 2007, given such change in quantity of coal sales under the Agreement.

China ADRs or U.S. listed shares of Chinese companies made a remarkable comeback after hitting all time lows YTD on March 20th. As the following chart demonstrates, Chinese stocks trading in Americn stock exchanges are down by almost 15% year to date (YTD) vs. the 28% negative return measured in late March. This makes it a 13% comeback in just two months, fueling investors optimism.

Subsequent to the confirmation from China Beijing Equity Exchange in relation to the Company’s successful bidding in the open tender process for the acquisition of the Target Equity Interests in six aluminum companies, the Acquisition Agreement was entered into by Aluminum Corporation of China (“Chinalco”) and China Nonferrous Metals Processing Technology Co., Ltd. (“China Nonferrous Metals”, both Chinalco and China Nonferrous Metals are referred to as the “Transferors”) and the Company (as “Transferee”) on 21 May 2008. China Nonferrous Metals is an indirect subsidiary of Chinalco and has, prior to the Acquisition Agreement, 13.01% equity interest in Henan Aluminum.

Technically speaking we are in a bear market. Asian shares fell on March 31, Monday, posting their worst quarterly performance in over five years. The Shanghai Composite, the widest barometer for mainland Chinese companies listed in China, lost 32.1% year-to-date (YTD). The China ADR Index, the index tracking the performance of U.S. listed Chinese stocks, is down 20.7% YTD followed closely by Hong Kong’s main index the Hang Seng which shed 15.5% YTD. In comparison the DJIA lost 6.4% YTD.

Under the terms of the agreements, HSBC proposes to acquire a 43.85 per cent stake from E*TRADE Mauritius Limited, an indirectly wholly-owned subsidiary of E*TRADE Financial Corporation, and an additional 29.36 per cent from Infrastructure Leasing and Financial Services Limited (“IL&FS”). Both shareholders will receive a price of INR200 per share for their respective stakes, making a total consideration of INR10,025.5 million (approximately US$241.6 million). In addition, IL&FS will be paid, as part of a three–year non-compete agreement, INR820.1 million (approximately US$19.4 million).

As approved at the 2008 EGM of Aluminum Corporation of China Limited (hereafter as the “Company”), the Company submitted to China Beijing Equity Exchange on 12 May 2008 the application to acquire 100% of the equity interests in Lanzhou Liancheng Longxing Aluminum Company Limited, 100% of the equity interests in Chinalco Southwest Aluminum Cold Rolling Company Limited, 84.02% of the equity interests in Chinalco Henan Aluminum Company Limited, 75% of the equity interests in Chinalco Ruimin Co., Ltd., 60% of the equity interests in Chinalco Southwest Aluminum Co., Ltd. and 56.86% of the equity interests in Huaxi Aluminum Company Limited from Aluminum Corporation of China and China Nonferrous Metals Processing Technology Co., Ltd. (hereafter as “Transferors”). The equity interests of the above companies are listed on China Beijing Equity Exchange for bidding at a consideration of RMB4,174.7589 million. On 13 May 2008, the Company received the confirmation from China Beijing Equity Exchange and became the ultimate transferee of the aforementioned equity interests.

We have been bullish on Ctrip.com (CTRP) and you might well ask what’s been going on with the stock today? As you probably noticed the stock tumbled 9.24% to $57.48 on weaker 2008 Q2 forecast. We were not so much surprised by the actual results, in the last analysis of CTRP, released on 3/15/2008, analyst Lin Xu said “Snow Storm caused block of transportation and cancellations of travels which will reduce the profitability of Q1 2008, not to a large extent. Business will recover as the cold season ends.”

The Company has received a notice from China Datang Corporation (“CDC”), which holds approximately 33.73% of the total shares in issue of the Company as at the date of this notice, informing the Company that a director of the Company, Mr. Zhang Yi, will cease to be a director of the Company due to business adjustment; and that Mr. Cao Jingshan will be nominated as a director of the Company and that a motion will be proposed for the 2007 AGM in respect thereto, and the board of directors of the Company (the “Board”) has agreed that a proposed resolution to consider and approve the “Proposal to the Annual General Meeting on Adjustment of Director” (Note 1) shall be tabled before the forthcoming 2007 AGM for the consideration and approval by the shareholders of the Company.

The members of the new sessions of the board of directors and supervisory committee of the Company were elected at the 2007 annual general meeting of the Company held on 13 May 2008. The tenure of the office of each of Mr. Na Xizhi, Mr. Ding Shida, Mr. Qian Zhongwei, Mr. Xia Donglin, Mr. Wu Yusheng (as directors); and Mr. Shen Zongmin and Ms. Zou Cui (as supervisors) had ended on 13 May 2008, the date on which the term of the new session of the board of directors and the new session of the supervisory committee commenced. The members of the new sessions of the board of directors and supervisory committee of Huaneng Power International Inc. (the “Company”) were elected at the 2007 annual general meeting of the Company held on 13 May 2008. Biographies of the members of the new sessions of the board of directors and the supervisory committee are set out below

NOTICE IS HEREBY GIVEN THAT the 2007 annual general meeting (the “AGM”) of 中國東方航空股份有限公司 (China Eastern Airlines Corporation Limited) (the “Company”) will be held at Meeting Centre, Shanghai Home You Hotel (上海航友賓館), 2550 Hongqiao Road Shanghai, the People’s Republic of China (“PRC”) at 9:30 a.m. on Monday, 30 June 2008 for the purpose of considering the following matters:

On 29 April 2008, the Board made an announcement (“Announcement”) regarding the acquisition of 100% interest in SinoSing Power from Huaneng Group. As stated in the Announcement, the Company shall issue a circular to the Shareholders containing further information of the transaction as contemplated by the Transfer Agreement and will convene a general meeting for obtaining the Independent Shareholders’ approvals for the conduct of the Acquisition.

On 9 May 2008, Chalco HongKong Limited, a subsidiary of the Company, entered into a Joint Venture Arrangement with Malaysia Mining Company (MMC) and Saudi Arabian Binladin Group (SBG) . The three parties had entered into a memorandum of understanding (“MOU”) on 3 October 2007 with the intention to set up a joint venture. On 24 November 2007 the parties entered into a Joint Venture Framework Agreement, and received a project permit issued by the Government of Saudi Arabia. The three parties also signed a Support and Undertaking MOU with the Investment Department of Saudi Arabia in respect of this project when the Joint Venture Arrangement was entered into.

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.

Profit before taxation for the first quarter of 2008 was MYR348 million, 13.0 per cent higher than the MYR308 million reported for the same period in 2007.

The details set out as resolution numbered 11 in the notice convening the AGM (the “AGM Notice”) will be proposed at the AGM for the granting of a general mandate to the Directors to allot, issue and deal with new H Shares of up to a maximum of 20% of the H Shares of the Company in issue at the date of passing the resolution.

136,165,605 ordinary shares of US$0.50 each have been issued by HSBC Holdings plc to shareholders who elected to receive the scrip dividend alternative for the fourth interim dividend for 2007, payable on 7 May 2008. The shares rank pari passu with the existing issued ordinary shares of the Company.

Net income attributable to common shares was C$155 million for the quarter ended 31 March 2008, an increase of 11.5 per cent over the same period in 2007.