Monday
Dec 01st
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| Despite sharp gains on Wall Street last Friday and China's gold rush during its first home field Olympics, the Chinese stock markets slid further to a 17-month low on Monday. Both the Shanghai and Shenzhen markets posted losses over 5% for the session. The Shanghai Composite Index shed 135.65 points, or 5.21%, to close at 2,470.07. The Shenzhen Component Index slid by 488.63 points, or 5.64%, to finish at 8,170.15. Aggregate turnover shrank by more than 10% to stay below RMB 62 bln. The July Producer Price Index (PPI) was released before lunch, indicating that factory-gate prices had climbed 10% YOY in June, their fastest pace in twelve years. Resurfacing hyperinflation risks dented market sentiment and sent more than 1,200 stocks to losses greater than 5% by the closing bell. Shanghai Pudong Development Bank was alone among the Top 20 to close higher. |
Sectors
Mining & Metals
Zhang Yanqing Elected General Manager
(600001) HANDAN IRON & STEEL CO.,LTD
At the 10th Meeting of the fourth Board of Directors, held on 26 Nov 2008, a proposal was reviewed and approved to replace certain senior managers of the company. Wang Junjie would no longer hold his
Banking & Finance
Nine month 2008 Financial Report Approved
A detailed report, dated 24 Nov
(601939) CHINA CONSTRUCTION BANK CORPORATION
At the 27th Meeting of the second Board of Directors, a financial report for the first nine months of 2008 (compliant with international standards), was approved.A detailed report, dated 24 Nov
Technology
RMB 41.98 Mln Conveyor Systems to be Supplied
conveyor systems for
(002009) JIANGSU MIRACLE LOGISTICS SYSTEM ENGINEERING CO., LTD.
The company recently received a notice from Haima (Zhengzhou) Automobile Co., Ltd., stating that the company has won a bid for the supply ofconveyor systems for
Real Estate
CSRC Approved Corporate Bonds Issuance
(000616) YELAND GROUP CO., LTD.
On 26 Nov 2008, at the 148th 2008 Meeting of Issuance Review Committee of the China Securities Regulatory Commission, the company's application for an issue of corporate bonds was conditionally