China's third largest coal miner announced resolutions passes at the extraordinary general meeting of the Company.

The Board of the Company is pleased to announce the unaudited condensed consolidated results of the Group for the first three quarters ended 30 September 2008.

Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981), announced consolidated results of operations 2008 third quarter. Highlights:  Overall revenue increased to $375.9 million in 3Q08, up 9.6% from 2Q08. Specifically, advanced logic sales from 0.13 micron and 90 nanometer technology nodes have increased by 23.3% in 3Q08 quarter-on-quarter.

Petrochina (PTR), China's largest oil producer, reported 2008 third quarter earnings today. Net profit attributable to shareholders amounted to $5,826 up 29.9% vs. same period last year. The numbers are less impressive on YTD basis, amounting to a 16.9% increase for the first nine month of 2008 vs. first nine months of 2007. High international crude price is attributable for such stellar performance but profit is capped by a windfall tax and loss on the refining business. So when it comes to international comparison, Petrochina's profit is limited and less impressive.

Sinopec Corp. (SNP), Asia's largest refiner, reported 2008 third quarter and year-to-date (YTD) results today. For the third quarter net profit shrank 38.7% to $1,212.8 million while it dropped a stunning 63.7% to $2,576.8 million YTD. High crude price is responsible for such dramatic change because Chinese refiners can't pass over higher crude price to customers due to state controlled gas prices at the pump.

Sinopec Shanghai Petrochemical (NYSE:SHI), whose parent is Asia's largest refiner Sinopec Corp. (NYSE:SNP), announced a profit warning for year 2008. While the Company reported net income of $232.5 million in 2007 high crude prices dented into profits for the current year. As a result the Company estimates that fiscal 2008 will be a difficult one and will incur losses.

Aluminum Corp. of China (ACH), China's largest aluminum maker, announced to distribute interim dividend of $.76 for each ADR.

CNOOC Ltd. (NYSE:CEO) reported 2008 Q3 operational statistics today. Highlights: Revenue from oil and gas exploration increased to $4.5 billion up 67.9% versus last year underlined by stronger oil prices plus increase of production by 15.2%. Overseas production grew by 15.6% while offshore production in China grew by 15.2% year-over-year (yoy).

China's largest life insurer reported 2008 third quarter interim results today.

China's third largest coal miner, Yanzhou Coal (NYSE:YZC), reported 2008 third quarter results. Net operating income reached RMB 7,565,153, representing an increase of 82.9% compared to same period last year. Net income amounted to RMB 2,883,731 up 302.6% vs. same period last year. The company raised outlook for full year 2008 as well. Net profit for 2008 is expected to rise 190% vs. 2007.

Yanzhou Coal (YZC), China's third largest coal miner after China Shenhua and China Coal, announced the acquisition of 74% of Hua Yu Energy. Hua Yu is involved in heat and power generation by using coal gauge and slurry to produce electricity. The company operates six unites located near existing Yanzhou Coal mines, making integration viable.

Another day, another crash. Here is how Chinese ADRs do: snapshot at 2:11.

China's largest aluminum maker and the third largest alumina maker of the world, CHALCO (ACH), reported additional production cuts in excess of 720,000 tons or approximately 18% of total production. The cut comes as price of commodities slump on the stronger dollar sending the price of aluminum to three year lows. Fears that global slowdown will dent into China's export led economic growth is fueling production cuts world wide.

Huaneng Power International (NYSE:HNP) is China's largest independent power generator. The company is hurt by increasing energy - coal - prices while is unable to pass increased cost on to customers. The power market in China is highly regulated and Beijing keeps a tight control over electricity prices. As a result of increased coal prices the company reported net profit drop of -158.14% from last year, cash flow from operations to decrease over 75.71% vs. same period last year.

The following decisions were made at the extraordinary meeting: 51.9% of the votes supported a New Comprehensive Agreement between Petrochina and its monthe company, CNPC, and was approved 99.8% of the votes supported a supplemental agreement to the CRMSC Products and Services Agreement between Petrochina and China Railway Materials and Suppliers Corporation and was approved

China stocks did just as bad as U.S. counterparts this week. Most of them ended up in a negative territory, some of them losing 20% or more like JA Solar (JASO) or GRRF. From a technical point of view only two stocks show some sort of resilience: NetEase Inc. (NTES) is trading above its 200 day moving average (DMA) and Shanda Interactive (SNDA) is above its 50 DMA. Both companies are representative of the Chinese online game industry.

On 31st August 2008, American economy allegedly had achieved 3.3% increase in the second quarter, which is much greater than its growth for the first quarter that only 0.9%. Moreover, given rigorous fuel consumption in current worldwide industries and day-after-day increasing petrol price, re-generating energy faces great opportunity to increase market share. From our viewpoint, the up trend for crude oil price is inevitable, which also depends our analysis on other factors including high inflation in global economy and the oil shortage which seemed fails to feed current industry consumption. Under such circumstance, re-generating energy industry will be given good developing opportunity.

Solarfun published a sound Q2 report on August 27. By June 2008, Solarfun reported revenue to reach $197.1 million, representing an increase by 12.7% on quarter-over-quarter (QoQ) basis and 192.2% on year-over-year (YoY) basis. Behind basic numbers lies a story of a company that doesn’t generate enough cash to fund operations, has no long-term poly silicone supply agreement and is exposed to spot prices. Given Solarfun’s relative small market capitalization and subdued R&D spending, we have doubts about the long-term performance of her ADRs

Sad day - unless you were playing short. How bad is the situation? There is no one to know. One thing is for sure: Chinese ADRs follow U.S. momentum with a multiple magnitude. When the DJIA loses 7% Chinese ADRs lose 14%. The China ADR Index (CAI) lost 116.44 points or 20.5% today. The index is down 49.97% year-to-date (YTD).

Many of us are concerned about the depth of the current financial crisis. Since there is no one to know the exact depth of the crisis - will be interesting to see what Sen. Mc. Cain and Sen. Obama will have to offer in tonight's Presidential debate - I'll lay out possible causes and thus offer an outlook how bad the situation really is. Contrary to partisan view, I will offer a pure economists' analysis not pointing out a single party. My assessment is this: while GOP set the direction for the last 8 year Democrats failed to exercise necessary supervision this they're both to blame.

Wtite Monday - after black Monday. The DJIA soared over 900 points, at one point recording a gain of 950 points! Chinese ADRs followed suit. But just how much and what stocks shined best - take a look at the following summary table of best ten and worst ten Chinese stocks of the day.

Here is a landscape of Chinese ADRs at 10:15 - following big swing after the open:

Let me lay out some trading strategies for the day ahead. Baidu,com (NYSE:BIDU) is my first choice - a stock that is liquid, volatile and has sound fundamentals. This is the stock one can make quick profit - or loss - depending on how you execute trades. The stock is volatile compared to Chinese ADRs measured by the "FXI" - see chart here

Good morning. It seems that the time has come - the DJIA is up 88 points as we speak and so are Chinese ADRs. As we just posted a report on market sentiment yesterday - China shares oversold, technical rebounce is likely - there is room for chinese ADRs to improve. As the following screenshot of Chinese stocks from an oversold / overbought standpoint shows, all Chinese ADRs are on the retereat. But just how badly thery are down the following screenshot of an early morning report provided to Advanced members is a good way to gauge.

Australia's swift rate cut saved the day for Asia but Europe still got its woes dragging on markets. So what's the outlook for us today in the U.S.? Looking for clues from index futures isn't much of a help. While the S&P500 futures point to a higher open NASDAQ futures go the other way around. When I look at China ADRs, first thing hits me on my morning screen is this: Chinese companies listed in American exchanges are oversold to a point where they can only come back. Looking at moving averages, there is not a single Chinese stock that is above 20 day moving averages (DMA) not to mention above 50 DMA or 200 DMA.

Steep losses right at the open. The DJIA is down 242 points in the first 15 minutes of trading. Europe and Asia was not any better either. Hong Kong's Hang Seng closed below the 17,000 level not seen since 2006. These losses are attributed to the plunge in the Dow on Friday. So it looks as if the downward spiral has started.

This is a question I hear all the time. I find many Americans skeptical about Chinese companies assuming all Chinese are just a bunch of crooks. The reason I'm writing this article is because I find it important to do some fact finding and educate my fellow Americans that stocks that I follow at Chinavestor are safe and sound - with some exception.

在美国，IPO的中国企业不再仅仅局限于通讯/IT和电子行业，虽然来自这两个行业的企业共占到所有公司数目的62%，但同时也出现了能源、传媒等行业的上市公司（见图2-10）

What a week we had! Last Thursday house rejected the bill, sending the DJIA to dive 777.68 points, a record. Friday was a bounce back just to see where we're going. But on the dark side WaMu ceased to exist, JP Morgan & Chase bought it at a shotgun marriage.

The House of representatives just signed the $700 billion bail out bill. Account of Chinese ADRs following the ceremony.

It seems it is not a good time to talk about Chinese mobile operation industry as people are anxiously waiting for the revised US bail-out plan, and global share markets tumbled in the anxiety. However, as a mater of fact, the credit crunch and liquidity squeeze caused by subprime mortgage crisis have limited impact on Chinese economy.

Given the tremendous impact of the “bail out” plan on American stock markets, this Newsletter is non-traditional in a sense that it will give investors guidance for the upcoming days versus a month. To put latest developments into perspective ...

U.S. investors has some reason to cheer in August as the DJIA continued to eke out some gains. Following a modest 2.1% gain last month the DJIA added another 1.7% in August as oil fell and the green back continued to strengthen. Despite modest showing in the U.S., Asian markets and Chinese in particular, remained weak. The Shanghai Composite Index continued the slide since January losing another 7.6% in August and now stands at a 54.9% loss to year-to-date (YTD). Chinese shares listed on U.S. exchanges, measured by the China ADR Index (CAI), lost another 6.4% followed closely by the Hang Seng Index in Hong Kong.