Trade Rebound and Expected RMB Appreciation Have Hot Money Flooding Back In

The four banks extended 110.5 billion yuan in new loans in the month, out of a total of 516.7 billion yuan.

By staff reporter Feng Zhe

Resources company Malachite Resources (ASX:MAR) has formed a strategic alliance with Nanyang Mining Resources Investment, a privately owned Chinese-Australian investment group.

Nanyang has established a partnership with Malachite in order to become a significant participant in the Australian mining industry.

Investors liked the news, Malachite shares kicked 13 per cent, or 1.5c, to 13c.

Subject to conditions, Nanyang will become Malachite's largest shareholder through an equity injection in the short term and a joint venture partner in its Conrad Silver Project.

The financial crisis may have ravaged China's manufacturing industry but one manufacturing equipment producing company in North East China seems to have prospered from it, with revenues shooting up 21 percent in the first half 2009 to £21.1m.

China Wonder pre-tax profits did however decrease slightly to £0.22 million from £0.25 million the previous year, but the company expects a 30 percent growth in profits and revenues over the next year.

New home prices in Guangzhou have recovered from last year's contraction and risen well above the average price in the last property boom year of 2007.

By staff reporter Wang Zhen

China markets finished slightly higher today, led by auto and related shares. Financial shares pushed the Hang Sang Index up 0.5 percent to a 14-month pre-Olympic high. The Shanghai Comprehensive Index added 0.3 percent to 2979.79. The Hang Seng China Enterprise Index, representing large mainland companies listed in Hong Kong, advanced 0.64 percent to 12859.71.

Taiwan's TAIEX Index gained 0.19 percent to 7710.40.

China's foreign exchange reserve agency has issued a new rule to discourage speculations in A-share markets.

By staff reporter Wu Ying

China Sept. FDI Up 18.9%

Finance

The market is entering a "key transition period" from the consolidation that started in early August, and shares were due to rise further, said Citic Securities.

Compiled by Caijing staff

China's biggest oil producer has signed a deal with Kazakhstan's state oil firm on the final phase of a cross-border pipeline.

By staff reporter Chen Zhu

China Aoxing Pharmaceutical today reported year-end results to June 30 with revenues up 27 percent to US$8,941,907 and gross profit up 18 percent to US$3,806,246.

The company attributes the increase to increased marketing efforts, improved brand recognition and effective pricing strategy.

The company also invested more in research and development, raising its spend from US$700,202 in fiscal year 2008 to US$722,567 in fiscal year 2009. Development programs include Oxycodone, Tilidine, Codeine Phosphate and Buprenorphine.

Full article in Chinese: http://www.bocvip.com/2009-10-14/110282363.html

China Petrochemical Corp., or Sinopec Group, has withdrawn from an international consortium led by the Italian oil company Eni that won development rights to Iraq's fourth-largest oilfield, the Zubair.

Full article in Chinese: http://www.bocvip.com/2009-10-14/110282382.html

Australian miner Cazaly Resources Ltd. is seeking an investment of around A$100 million from Chinese steelmakers for its Parker Range iron ore project, executive director Nathan McMahon told Caijing on Oct. 14.
Parker Range has proven reserves of 23.5 million tons, McMahon said. The project is due to start operations in 18 months.

Full article in Chinese: http://www.bocvip.com/2009-10-14/110282125.html

China's commerce ministry said it welcomes a recent ruling by the European Court of Justice overturning a dumping finding on a Chinese ironing board manufacturer.
In a statement on its Web site on Oct. 14, the ministry encouraged domestic producers to safeguard their rights within the legal framework of trading partners.

중국어로 가득 차있는 기사: http://www.bocvip.com/2009-10-14/110282446.html는 심천 증권 거래소 100를 추적하는 2개의 기금, 또한 알고 있 심천 보안정보 Co.에 의해 보고에 따라 첫번째 9 달에 있는 중국에 있는 10의 제일 실행 개방 자금 중, 평가된 SSE 색인 100, 금융 정보 공급자 색인을 붙인다. Rongtong SSE 100 인덱스 펀드는 68.44%에 실자산에 반환에 8번째 평가했는 그러나, 73.88%의 실자산에 반환과 더불어 Efunds SSE 100 EFT는, 두번째 장소에, 있었다.