Shanghai B Share Index(SSEB)

Weekly Market Statistics

Shenzhen B Share Index (SZSB)

Weekly Market Statistics

Hang Seng China Enterprises Index (HSCE)

Weekly Market Statistics

GENERAL

Robust growth in mainland’s GDP in 1Q2000

China’s GDP grew 8.1% y-o-y in the first quarter, according to the State Statistical Bureau. The stronger than expected growth is backed by strong industrial, trade and foreign investment figures. Separately, fixed asset investment grew 8.5% y-o-y investment. Retail sales rose 10.4% y-o-y to 839.4 billion yuan, or 2.4% higher than 4Q last year.

Retail prices dipped 1.9% in the first quarter

The mainland Retail Price Index fell 1.9% y-o-y in the first quarter, as compared to a 2.1% y-o-y drop for the 4Q last year. Meanwhile, the Consumer Price Index gained 0.1% y-o-y during the same period.

Launch of hi-tech secondary stock markets in Shanghai and Shenzhen

According to the chairman of China Securities Regulatory Commission (CSRC), the regulatory body is waiting for final approval from the State Council to launch two second stock trading boards in Shanghai and Shenzhen. The hi-tech boards are expected to be launched in coming June and will be restricted to mainland investors only.

Lower profit for foreign banks in Shanghai

Profit posted by foreign financial institutions in Shanghai fell 17.1% to US$42.3 million last year, according to a PBOC report. Foreign banks include joint ventures owned by a mainland and a foreign financial companies. It was also reported that about 10 of the 49 foreign banks in the city recorded a net loss last year.

Beijing lines up 40 billion yuan bond issue

According to the Finance Ministry, Beijing will issue two tranches of treasury bonds totaling 40 billion yuan next month and in June. Two-year bonds of 20 billion yuan would be issued next month with another 20 billion five-year bonds to be issued in June. Both bonds will carry fixed coupons with details to be announced later.

SHANGHAI

Share buy back plan for Shanghai Refrigerator

Shanghai Refrigerator Compressor [900910.SS] plans to buy back 42.06 million state-owned shares from its parent. Such move would be China’s first B-share company to buy back state-owned shares.

SHENZHEN

Konka plans spin-off on GEM

Konka [2016.SZ], the mainland’s second largest TV manufacturer, plans to list its mobile phone unit on the Growth Enterprise Market. The company plans to expand its annual production volume from existing 1 million handsets to about 1.5 million. ING Baring has been appointed as the financial advisor of the new issue.

HONG KONG

Kelon plans for share buy-back

Vincent Fan, chairman of Guangdong Kelon [0921], said the company is planning to buy-back 10% of its H-shares. Mr. Fan added the company has HK$600 million to HK$700 million cash in hand and part of it will be used for share repurchasing. The proposal has been approved by shareholders but still awaits the green light from CSRC.

Tsingtao eyes expansion in production facilities

Tsingtao Brewery [0168] aims to produce 1.4 million tonnes of beer this year and aiming to grab 7% of market share in the mainland. Total production of beer was recorded at 1.07 million tonnes last year, up 92% from the previous year. Separately, the company is in talks with Oracle and the Shandong branch of the Bank of China to set up an online logistic and payment gateway. Initial investment of the project is said to be about 5 million yuan.

H-shares

(RMB m)

(RMB m)

(RMB m)

(RMB)

(RMB)

China Southern [1055] - final

(+12.2%)

(FY98: -585.7)

(FY98: -514.6)

(FY98: -.0.15)

nil

Chongqing Iron & Steel [1053] - final

(-3.3%)

(FY98: +72.95)

(FY98: +46.6)

(FY98: +0.04)

Dongfang Electrical Machinery [1072] - final

(-7.9%)

(FY98: +43)

(FY98: +0.096)

n/a

Shandong Xinhua Pharmaceutical [0719] - final

(-2.38%)

n/a

(+5.57%)

(+5.5%)

0.04

Shenyang Public Utility [0747] - final

(+3.9%)

(+3.4%)

(-1.1%)

(-2.7%)

(n/a)

Tsingtao Brewery [0168] - final

(+41%)

(+15.1%)

(+3.68%)

(+2.27%)

(n/a)

Yanzhou Coal [1171] - final

(+2.6%)

(-5.2%)

(+0.95%)

(-8.6%)

0.089

Zhenhai Refining & Chemical [1128] - final

(+22.5%)

(+35.3%)

(+15.2%)

(+14.3%)

(+10%)

Shanghai B-shares

Dajiang [900919] - final

(-21.6%)

n/a

(FY98: -121.1)

(FY98: -0.179)

nil

China Shanggong [900924] - final

(+18.6%)

n/a

(+441%)

(+440%)

nil

Hainan Airlines [900945] - final

(+32.8%)

(+32.7%)

(+59.1%)

(+11.1%)

n/a

Inner Mongolia Erdo Cashmere [900936] - final

n/a

(-63%)

(+31.5%)

(+36.8%)

(+16.7%)

Lujiazui Finance and Trade Zone [900932] - final

(-75%)

n/a

(-78.5%)

(-84.8%)

nil

Shanghai Lian Hua Fibre [900913] - final

(+13.3%)

n/a

(+887%)

(+881%)

nil

Shanghai Refrigerator [900910] - final

(+5.2%)

n/a

(FY98: -33.3)

(FY98: -0.07)

nil

Yaohua Pilkington Glass [900918] - final

(+4.3%)

n/a

(+53.5 times)

(+62 times)

0.1

Shenzhen B-shares

Bengang Steel Plates [2761.SZ] - final

(+18.5%)

(+19%)

(+11%)

(+11.5%)

nil

Changan [2625.SZ] - final

(+120.5%)

n/a

(+224%)

(+214%)

nil

Chenming Paper [2488.SZ] - final

(+60.7%)

n/a

(+35.4%)

(+35.3%)

nil

Chiwan Wharf [2022.SZ] - final

(+18.8%)

n/a

(+30.8%)

(+31%)

(+33.3%)

Dalian Refrigeration [2530.SZ] - final

(+11.5%)

(-25.2%)

(-1.5%)

(-10%)

0.1

Shenzhen B-shares

(RMB m)

(RMB m)

(RMB m)

(RMB)

(RMB)

Hainan Dadonghai Tourism [2613.SZ] - final

(-17.5%)

n/a

(FY98: -52.43)

(FY98: -0.144)

nil

Hangzhou Steam Turbine [2771.SZ] - final

(-2.28%)

(-45.8%)

(-34.5%)

(-31.7%)

0.20

SEZ Real Estate [2029.SZ] - final

(+15.8%)

n/a

(FY98: -1045.6)

(FY98: -1.03)

nil

Shenbao Industrial [2019.SZ] - final

(-27.5%)

(+25%)

(26.6%)

(-24.1%)

n/a

Shenzhen Tellus [2025.SZ] - final

(+3.3%)

n/a

(FY98: +14.5)

(FY98: +0.07)

nil

Shenzhen Textile [2045.SZ] - final

(+30.7%)

n/a

(FY98: -119.4)

(FY98: -0.729)

nil

Tsann Kuen [2512.SZ] - final

(+61.1%)

n/a

(+62.6%)

(+32.1%)

2 for 10

Yantai Changyu Pioneer Wine [2869.SZ] - final

(+10%)

(+15.8%)

(+5.9%)

(+5.4%)

(+15.3%)