投资金融之 stock markets in china041206新鸿基金融集团

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1、StockMarketsinChinaA-sharesinShanghaiandShenzhenended1.4%loweraspetrochemicalproducersandautocompanieswerepressuredbyprofitworries.Petrochemicalstockssaggedoncostconcerns,asWeeklyReview6Dec2004AllReportsareavailableat:http://www.SHKfg.comhttp://im.knowledge.reuters.comhttp://www.tfibcm.

2、comhttp://www.securities.comBloombergCode:InvestmentDailyNote–8Sep2003crudepricesremainhigh.Asia'slargestoilrefinerChinaPetroleum&ChemicalCorp(Sinopec)(SHA600028;HK0386;NYSESNP)fellRMB0.08,or1.77%,toRMB4.45whileJinzhouPetrochemicalCoLtd(SZA000763)lostRMB0.10,or1.89%,toRMB5.18.STJilinChem

3、icalIndustrialCoLtd(SZA000618;HK0368)slippedRMB0.09,or1.53%,toRMB5.79andSinopecYangziPetrochemicalCoLtd(SZA000866)lostRMB0.01,or0.09%,toRMB11.44.Amongotherlosingcounters,BeijingDouble-CranePharmaceuticalCoLtd(SHA600062)fellRMB0.06,or1.15%,toRMB5.16afteritsaidChinaWorldbestLifeIndustryhadacquire

4、da50%stakeinitslargestshareholder,BeijingPharmaceuticalGroupCo.AutomakerswerehitbyofficialstatisticsshowingthattheirJanuary-Septemberprofitsfellforthefirsttimeinfiveyears.TheNationalBureauofStatisticssaidthatinthefirstthreequarters,combinedprofitsintheautomobileindustryfell7.9%yoy,thefirstdrops

5、ince1999,withcombinedprofitsofthethirdquarterfalling33.6pctyoy,duetopricecutsandfallingoutputandsales.Thedownturnofautoindustryisexpectedtostay,asoveralloutputcapacityisgreaterthandemandduetoweakconsumerconfidence.AnhuiAnkaiAutomobileCoLtd(SZA000868)lostRMB0.08,or2.13%,toRMB3.67.YangzhouYaxingM

6、otorCoachCoLtd(SHA600213)ebbedRMB0.10,or2.27%,toRMB4.30.ChongqingChanganAutomobileCoLtd(SZA000625;SZB200625),apartnerofFordMotorCo,fellRMB0.10,or1.71%,toRMB5.75.Chinaisplanningtoinjectcapitalintotwostatebanks.AccordingtotheSecuritiesTimes,IndustrialandCommercialBankofChina(ICBC),thecountry'slar

7、gestlender,andAgriculturalBankofChinawillreceivefundingfromthegovernmenttodisposeoftheirnonperformingloansandestablishnewcorporategovernancestructure.InDecember2003,BeijinginjectedUS$45bnofstatefundsintotheBankofChinaandtheChinaCo