Lenovo Group Falls 3% and is overvalued

Lenovo Group fell this morning, with shares falling 2.85% to HK $2.73 and trading 19.96 million shares. Daiwa issued a report saying that the unit was given a big market rating. Lenovo is expected to be one of the main beneficiaries of the old-exchange subsidy scheme for rural household appliances in China, as well as a slow recovery of the demand for Lenovo's PCs in overseas markets. But it is considered overvalued, the equivalent of a P/e ratio of 28.7 times times the 11 fiscal year, well above the 5.5 times and 7.8 times multiples of Haier's 01169-hk and Skyworth Digital (00751-HK). Lenovo may also be competing for the Chinese market.

The overall downturn in the global economy

The rise in oil prices has curbed some of China's industry recovery "signs" 40 U.S. dollars, 50 U.S. dollars, 60 U.S. dollars, 70 U.S. dollars ...  In the first half of 2009, the global economy faltered on the road to stability, and international crude oil prices, the lifeblood of the economy, were on the upside. On the last day of the first half of 2009, the National Development and Reform Commission (NDRC) raised the domestic gasoline and diesel prices by 600 yuan per ton respectively. This is the third time in the first half of the increase in oil prices.  The frequency and magnitude of domestic oil price rise has become the focus of people's concern and controversy. The overall downturn in the economy, and oil prices all the way higher, behind ...

Cross-border trade renminbi settlement in Hong Kong set sail first single flower falling in silver

Hong Kong, China, July 6 (Xinhua) Hongkong Bank, China, this morning handled the first Hong Kong cross-border trade renminbi settlement business, marking the official launch of the business in the territory. The first Cross-border trade renminbi settlement business is Shanghai Electric Group's company.  In the Bank of China in Hong Kong to handle the first single business interview, said that can become the first single business person is very happy, through the renminbi settlement can reduce exchange costs, avoid exchange rate risk, but it did not disclose the first remittance amount today. The BOC Hong Kong said that the volume of trade between the mainland and Hong Kong in 2003 was over HK $1.5 trillion, 200.

Boeing receives China 19 billion dollar order

(reporter Li Meiling) Boeing said yesterday that the Chinese Government had confirmed the agreement to buy 200 Boeing aircraft, which was worth 19 billion of dollars, with a delivery date of 2011-2013, with models of 737 and 777.  Boeing stressed that China will be Boeing's largest civilian aircraft customers. Boeing civil aircraft Group president and CEO Amborger said that the current Boeing aircraft is China's passenger and cargo transport system in the main model. More than 50% of all civilian jets operating in China are Boeing aircraft. Boeing predicts that China will need 4330 new aircraft in the next 20 years ...

The survey says 20% people are not home for the Chinese New Year because of high prices and reminders of marriage.

Yesterday, the Spring Festival travel into the next day, "Home for the New Year" has become a hot topic in the city.  "With an ideal outside, the ups and downs do not want to tell people ..." Baoqiang of a song "Money no Money Home for the New Year" Red over the north and south, because no matter where you are, in this special holiday, home, is always in the end of the desire to fight. However, there are also a group of young people, is returning to the struggle between, home, the need for high costs; home, need to face is the parents of marriage this helpless but load-bearing pressure; go home, need to give a gift of size prepared far more than their tolerance fan ...

Chinalco wants to top rare earth industry

Yesterday, the volume of the cities killed fell, but the concept of the Chinese aluminum industry is Gaokaigao go, once hit trading, the final closed at 10.44 Yuan, Rose 4.3%. and achieved a continuous rise in the 3rd trend.  Chinalco has been a result of the 2009 total profit of 7.25 billion yuan, became the "most loss of money central enterprises" and has attracted market attention. Guangxi Rare earth Mining area or be included in the standard mining area of rare earths January 19, the Chinese aluminum industry, said the company has signed a memorandum with Guangxi Nonferrous Group. The two sides will form a joint venture company to jointly develop the rare earth resources in Guangxi. And Chinalco will be in the joint venture ...

China's aluminum industry made a profit last year 2.7 billion of the increase today by 4%

NetEase Financial January 20 News China Aluminum company said that the company 2010 control deficit Shang achieved important results, the whole year to achieve operating income of 200.3 billion yuan, an increase of 41%, to achieve operating profit of 2.7 billion yuan. Sanli, a spokesman for Chinalco, said that in 2010, Chinalco controlled the deficit Shang achieved important results, and the company achieved overall profit. Alumina capacity grew 29 per cent year-on-year. 6%, electrolytic aluminum production capacity Rose 22. 2%, aluminum processing material growth of 31. 9%, refining copper rose 11. 9%, copper processing material growth of 17.  7%. Sanli said that the state ...

CITIC Bank expects net profit to rise 50% per cent last year

Citic Bank (601998.  SH,00998.HK released its 2010-year performance forecast today that the net profit attributable to shareholders of listed companies in 2010 is expected to grow by more than 50% per cent year-on-year.  2009 years, Citic Bank achieved a net profit of 14.32 billion yuan, earnings per share of 0.37 yuan.  The performance forecast also said that 2010, Citic Bank non-performing loan balance and non-performing loan rate continued double drop, the provision coverage ratio of more than 200%. According to the announcement, Citic Bank last year increased profitability, net interest margin significantly increased, asset quality continued to be good.

Bank of CMB meeting to set credit target for this year

January 20, insiders told the Daily economic news reporter, the bank held a meeting of the National Governors on January 20. The meeting stressed that CMB will step up its efforts in 2011 to implement two transitions, improve capital efficiency and risk pricing, and strengthen internal management.  He also said that the development of deposits is also a key task for the future CMB because of the management's assessment of the ratio of loan to deposit and the adequacy of capital. According to the said, the bank will be the 2011 increase in loan growth control of about 15.6%, he says, before the official disclosure, this is not necessarily the final data. According to his introduction, the president's meeting only mentioned one ...

A volcanic eruption causes European multinational airspace to close British stars in multinational taxis

Latest News air-jet low-flying detection after the volcano began to erupt, European airspace closed, a large number of flights grounded worldwide. The European aviation Security Organization 17th released data showing that the day in Europe only about 5000 flights normal take-off, and under normal circumstances this figure is 22,000.  The Dutch government said 17th that aviation operators in some countries in the Netherlands and Europe have begun testing flights to determine the extent to which the ash affects aircraft components. As part of the European Union's test flight test program, Air France-KLM is scheduled to take off from the North Rhine ... in the evening of 17th, Reuters reported.

Suspected Chinese Warren Buffett Tang fled Toronto police wanted

Xinhua Beijing, January 7, according to the Canadian "star Life" report, Toronto Police 6th noon release press release, appeal to the public to help police arrest Chinese investors Tang celebrity.  The news is that Tang is currently engaged in trading in Asia and has disclosed its repayment and recovery plans through local media. In a press release of 6th, police said that an arrest warrant had been issued and Tang, 51, was wanted for fraud offences. Police said that from January 2006 to March 2009, Tang involved online transactions known as Chinese Buffett. More than 100 victims were cheated through a Ponzi scheme involving amounts amounting to ...

St agreed to reduce registered capital of subsidiaries by 700 million

St (600301) January 20 Evening notice, the company's board of directors agreed to Nanning Oasis Chemical Co., Ltd. (registered capital of 800 million yuan, the company shares 51%) to reduce capital, the oasis company registered capital reduced to 100 million yuan, the reduction of the contribution of money to return to shareholders in monetary terms, the proportion of shareholders after the investment rate unchanged.

New World's best bet shares for 3.05%

The 00200-HK rose 3.05% for a half-day, at HK $4.05 and a deal of HK $30.2581 million, which won a big market in early trading, with the index slightly up 0.1% and 18221.78 points.  Citi believes that the first month of the opening of the New World of Dreams is not a bad performance; As for the June Macau lottery revenue fell by 17% (to $8.2 billion), and visitors to Australia remain stranded in the case of swine flu and visa restrictions, I believe the second half will improve, and the gambling industry is still preferred by SJM (00880-HK) and New Hao International. SJM falls 0.7 in early trading.

GF Securities allowed to set up sales offices in 5 cities such as Guangzhou

GF Securities (000776) January 20 Evening announcement, January 19, the company received the approval of the SFC, the company was allowed in Guangzhou Huangpu District, Foshan Nanhai District, Jieyang Rongcheng District, Yangjiang Jiangcheng District, Heyuan Yuancheng District each set up 1 securities business. The business scope of the Securities Sales department is securities brokerage business.

PetroChina Fushun Petrochemical Heavy oil catalytic unit has been discontinued

January 19 9:25 A.M., PetroChina Fushun Petrochemical Branch (hereinafter referred to Fushun petrochemical) Oil factory suddenly exploded and caused the fire. As of the "daily economic news" at the time of press, from Fushun Petrochemical learned that the latest situation shows that the fire has been controlled, Fushun petrochemical found that the cause of explosion is a heavy oil catalytic unit in the Stability unit of the flash explosion.  According to the latest news, as at 19 o'clock 19th, the explosion killed 1 people, 2 people were missing, the explosion at the scene remains a residual flame. This is also from last September 7 Fushun petrochemical Oil Three plant aromatic workshop occurred hot ...

China-FU industrial 147 million to acquire 55% stake in two companies

Sino-Fu Industrial (000592) January 20 night announced that the company will acquire Shanghai Fortune Warehousing company 55% shares and Shanghai Gospel Logistics company 55% Equity, the total purchase price of 147 million yuan. The announcement shows that the acquisition of the object is mainly engaged in timber warehousing leasing, logistics services, the owner of the transfer of shares are natural shareholders. Among them, the acquisition of Shanghai Fu Man Warehousing company 55% Equity transaction amount of 86.2525 million yuan, the acquisition of Shanghai Gospel Logistics company 55% Equity transaction amount of 61.225 million yuan.

Four lines: The cancellation of mortgage concessions are not cut

In response to recent media exposure some banks of the head of the bank brewing to cancel the first suite mortgage rates 85 percent discount coverage, yesterday, the head of the four major banks said that most of the bank's mortgage policy is issued by the headquarters of the guidance document, according to the central spirit of the fixed interest rate floating zone, but the specific implementation of the provincial and municipal branches to determine their own, will not across.  ICBC related Personage said, the head office should not request to cancel the 85 percent interest rate concession, but the bank's mortgage must match each place specific real estate regulation request, basically does not engage in across, some area preferential margin may be bigger. ...

CIC Drop Toronto for the first time

Shi outside Canada, CIC's current strategy has increasingly shifted to emerging markets, where the first overseas representative of China Investment Corporation (hereinafter "CIC") will drop the Canadian financial Centre, Toronto.  People familiar with the situation told the first financial daily that CIC's Canadian representative office would be responsible for liaison and co-ordination only and not to carry out specific investment operations, thus making a functional difference from the wholly-owned subsidiary, CIC International (Hong Kong) Limited, which was announced last November. The above people stressed to reporters that the Canadian representative Office will be responsible for coordinating CIC across the north ...

Gem 5 IPO next week online purchase

Han's information proposed to issue 30 million shares of Han information (300170) The proposed issuance of 30 million shares, the total share capital after the issuance of 116 million shares.  One network under the issue of 5.85 million shares, online issue quantity of 24.15 million shares, before the issue of 2.16 yuan per share of net assets, the purchase date is January 24. The IPO letter of intent shows that Shanghai Han Information Technology Co., Ltd. is a leading IT consulting company in China, providing high-end ERP implementation service for enterprise customers. 2009 annual earnings of 0.54 Yuan, 2010 1-June earnings per share 0.30 yuan, this ...

Ye Tan: The right of industrial integration cannot fall in the hands of foreign capital

The future is the era of capitalist-led industrialists. There are three reasons: one is that asset bubbles lead to more and more money, the central bank can tighten the currency to temporarily cool the stock market, but the trend cannot be reversed; whether the asset securitization of state-owned enterprises, mergers and acquisitions, or industrial upgrading of private enterprises, all need to hold large funds, rich financial and entity experience to carry out large-scale overlap  Third, one of the negative effects of RMB internationalization is to cause the inflow of foreign capital, as long as the RMB internationalization momentum and China's real economy can support, this trend will not change. January 19 RMB/USD ...

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