May 25, the Agricultural Bank of China and Shenzhen Municipal government signed a strategic cooperation agreement. In the next three years, the Agricultural Bank of China will provide Shenzhen with a total of not less than 200 billion yuan of the intention of credit lines, priority to support Shenzhen's key projects and industries, and set up a product research and development Center in Shenzhen. Agricultural Bank President Mr Cheung said that the Agricultural bank will take Shenzhen as the focus of business development support areas, in the credit scale and resource allocation of the key support in Shenzhen city infrastructure and other areas of major projects, people's livelihood and affordable housing projects, as well as SME financing, accelerate, increase credit delivery, overall pull ...
According to media-related companies "April gross margin decline, net profit decline more than 90%, has been close to the loss" report, Xinhua All (002264) 26th to deny the announcement. The company said that in April, the company achieved total operating income of 20,047 890,000 yuan, an increase of 21.73%, gross profit margin of 17.95%, the year-on-year decline of 2.72%, belong to the listed company shareholders equity of the net profit of 3.4349 million Yuan, down 48.97% (the above data without audit). In addition, about the media reported that "Xinhua has been poorly managed to replace the company ...
Zhao is "badly beaten" by 3 rival bidders for acquiring Opel assets. Gudenborg, Germany's finance minister, said yesterday in an interview with the media that "no one is right for the German government to take risks and waste taxpayers ' money." "The orderly bankruptcy may be the only way to solve the Opel problem," Gudenborg added. There are now 3 companies formally offering an offer for GM's Opel business, including Italian carmaker Fiat, Canadian auto parts company Magna and private investment fund RHJ from Belgium. At present, the reorganization of Opel ...
The rapid growth of China's economy this year began to signal a slowdown, Shi. China's manufacturing Purchasing Managers ' Index (PMI) was 53.9% in May, down 1.8% from April, according to data released yesterday by the China Logistics and purchasing Federation. PMI is a comprehensive index consisting of 5 indices, such as new orders, production, and inventories. PMI is above 50%, reflecting the overall expansion of the economy, below 50%, reflecting the recession. As of May this year, the index has remained above 50% for 15 months, while the May PMI has fallen, though it is still insured ...
"The launch of the SME Board in 2004 can be called the watershed of the rise of local venture investment, which has milestone significance." "Shenzhen Oriental Fu Hai Investment Management Co., Ltd., chairman Chen Wei in the Chinese Securities newspaper reporter interview, said that although the local venture has begun to develop, but the real climax in 2004 after the introduction of small and medium-sized board, local venture growth rate and raise the size of the growth is a leap. To solve the key link of Exit channel Chen Wei pointed out that the first time in 1999 to put forward the gem, venture investment industry was once hot, but only illusory climax, because of the lack of real investment industry ...
With international oil prices returning to 60 of billions of dollars, Sinopec's refining business is once again at the bottom of a break-even point, and a scene of waiting and calling for a policy of price adjustment has come back. International crude oil prices have been rising, from the March 25 increase in oil prices began, the international crude oil prices have rebounded from the then nearly 54 U.S. dollars to more than 60 U.S. dollars, or more than 10%. If the March 25 price adjustment, the domestic oil prices and crude oil prices have been basically in line with oil refining can maintain a basic reasonable gross margin, so now, the price of refined oil is also significantly lower. According to the NDRC "oil price management method ...
Miu Jianmin, chairman of China Life Asset Management Co., said 25th to increase the level of specialization in the price of an inquiry object. The future issuance of new shares, institutions to make a difference, so to stabilize the capital market, nurturing value investors a lot of good. Miu Jianmin said that the core of the IPO system is the market-oriented pricing mechanism, if the pricing mechanism of new stock issuance can be market-oriented, in fact, many contradictions around the issue of new shares have been solved. The previous reason for the issue of new shares is a lot, because the IPO is not fully market-oriented, one or two-tier market spreads have great benefits. This promotion will be ...
Shun Xin Agriculture today disclosed the last six months of performance forecasts, the company January-June net profit of about 156 million to 195 million yuan, the basic earnings per share of about 0.36 to 0.44 yuan, the year-on-year growth of 100% to 150%. For the first half of the reason for the sharp increase in net profit, the company said, one is the company's liquor sales increase, at the same time due to the increase in the proportion of high-grade wine sales, resulting in average sales price rise, profit growth is larger. Second, the company's sales of pork than the same period last year, a large increase in prices, although the price of live pigs continue to lower, but the proportion of pork prices fall less than the cost of falling ratio, so ...
Fund company "A pair of many" private households opened the door, detonated various financial institutions for the "millionaire" level of customer resources, this is also reflected in the various fund companies have recently been competing to strengthen the service to high-end customers. China Securities newspaper reporter from the state investment UBS fund company to understand that the national investment UBS customer service "Rui Friends" recently also opened a new VIP service zone. The company said, where to reach the gold level or diamond-level members of the club, all belong to the national investment UBS VIP customers, can enjoy the call center VIP Customer Service Commissioner "one-on-one" active communication services, diamond-class VIP customers can enjoy free financial management ...
19 weeks after the Xinhua news agency, the 1-year central vote rate that was issued yesterday rose again. Experts believe that this is the increase in the cost of bank funds and monetary market tightening of the response, and raise interest rate is not related to expectations. Yesterday, the central bank issued 15 billion yuan 1-year vote, the circulation of 30 billion yuan last week reduced by half, the winning rate than last week climbed 8.32 basis points, to 2.0096%. The 1-year interest rate on January 19 this year is stabilising at 1.9264%, but it went up again yesterday. Zhaoqingming, senior researcher at China Construction Bank, said the 1-year central vote rate was ...
"Adhere to the market direction, promote the new stock pricing further marketization, pay attention to the cultivation of market restraint mechanism, promote issuers, investors, underwriters and other market subjects to be responsible." The SFC's guidance on further reform and improvement of the IPO system (draft) gives people a glimpse of the prospect of market-oriented reform in the distribution system. Pricing mechanism is the core of the IPO system, and it is the consistent thought of the supervision department to promote the pricing marketization. China's securities market started late, the market environment and foreign mature market differences, by the time the economic, social and legal environment of the limitations of the new stock pricing mechanism early ...
Anshan Iron and Steel Shares (000898) today, for media reports pointed out that the "connecting Rod Baosteel Anshan Steel Purchase" to be denied, said that the holding shareholders of Angang Group responded, Angang group, the high level did study and inspect Baotou, the industry is the same as normal work exchanges between enterprises, does not involve any reorganization matters Angang shares also stressed that the above matters are Angang group's behavior, and the company has nothing to do, will not affect the company's production and operation. Prior to the media reported that Anshan Iron and steel deliberately restructured, after the Anshan iron and steel has been a number of high-level restructuring research. News said, although Angang, Baogang ...
In the Heng Day Kai Horse shares (*st Kama b,900953) 7.24% shares have been unknown to the entire crown investment sky-high, Kama is now the first major shareholder-China Heng Tian Group suddenly launched an equity overweight process. Kama shares recently issued a notice, May 17, 18th, Heng Days Group and some shareholders have signed the agreement on the transfer of shares, to 151.7919 million yuan to acquire the price of its own *st Kama B 37,947,973 shares (the total share capital 5.93%). After the completion of the acquisition, Heng Days Group of *st Kama B of the total shareholding ...
A few days ago, the market value Management Research center of Chinese listed companies combined with several authoritative securities research institutes as well as four securities newspapers, CCTV and other 12 institutions held the "China Securities market 20 years of review and outlook and the fourth Chinese listed companies market Value Management Summit Forum" in Beijing. 31 heavy industry in the 20 anniversary of the securities market won the "Most sustainable growth ability listed companies", "the most popular investors favorite listed companies" and "the most socially responsible listed companies" three awards. Senior industry Personage said, can in this time almost is the national participation, aims at reviewing the Chinese stock market 20 development gains and losses the whole ...
As food prices continue to linger high and the impact of the tail-cutting factor expands, several institutions forecast a year-on-year increase in CPI in May over April, and may be the first to exceed 3% per cent of the year's scheduled targets. Historical data show that April CPI year-on-year increase of 6.8% 2.8%,ppi year-on-year. Affected by seasonal factors, the Ministry of Commerce's Agricultural product price index entered into a down channel after May, but compared with the history of its seasonal decline in the range is relatively small, food price chain decline significantly smaller than in previous years. In addition, due to the lower base of the same period last year, the impact of the May warping factor ...
The State Grid company, which had previously sparked a huge controversy, bought two major electrical equipment makers--ping-Gao group and the group, which ended the event. Xu Relay (000400) today announced that the holding shareholder Xu Ji Group Co., Ltd., the State power grid subsidiary of China Electric Power Science Research Institute of the relevant work has been completed, Xu Relay actual control of the people to change the State grid. In April this year, the flat High Electric (600312) of Ping Gao Group has also announced that the state Grid has become the actual control person. July 17, 2009, Ping Gao Electric and Xu relay ...
As the largest domestic scale to premix as the core of the feed enterprise, big North farmers listed financing 2.128 billion yuan, the actual super raise funds nearly 1.547 billion yuan. The company announced today that it intends to apply for 541 million yuan from the super raise funds to 8 projects under construction or new project to expand the capacity of main business. The announcement stated that 8 projects were: Beijing base 90,000 tons of high-grade teaching and raw materials processing project, Jilin North Agriculture 240,000 Tons pig feed project, Shandong North Agriculture 180,000 Tons pig feed project, Nanning big North Agriculture 180,000 tons pig feed project, Xi ' an Da bei Nong 120,000 ton feed project, Zhangzhou big north ...
Economic Herald Wang Gaobo the wave of strikes at companies such as Honda has divided economists over whether workers have a right to strike. Schrocher, a postdoctoral researcher at Northwestern University Law School and a researcher at the Center for Law and Economics at Peking University, said that "strikes are collective defaults and collective extortion", causing great controversy among netizens. Chen Zhiwu, a professor of financial economics at the Yale School of Management, responded that the strike did not violate market economy principles and that workers had the right to choose for themselves. Schrocher that strikes will have serious consequences, "strikers often have to stop employers and themselves through violence or through the government."
In the face of the country's stringent property control measures, China Body Industry (600158) decided to transfer its own Shanghai real estate company. In the announcement today, the company's board agreed that Shanghai Olympic Property Investment Co., Ltd., which owns 100% per cent of Shanghai Kang-Hong Capital Holdings Limited, was transferred to the Jiangxi Province Fuzhou Acer Real Estate Co., Ltd. The transfer price is valued at 700.45 million yuan as the valuation basis and the value is 736.57 million yuan. After the transfer, the Austrian company will no longer enjoy Shanghai Kang ...
Hong Kong listed Companies Gold Shares June 1 announced, the company's board of directors through a total of 2.65 billion yuan of 18 enterprises equity and asset acquisition, the acquisition of equity and assets, including Yanshan Cement, Longshunchen, Beijing Asia New, Wissenhei, BBMG Dacheng and many other companies, involving cement, new building materials, Real estate development and investment properties and other industries. About 70% of the funds are for the purpose of paying for the new land reserve and investment property projects. It is noteworthy that the company said that the total amount of the acquisition of about 70% will be used to pay for the new Beijing Industrial Land Reserve and investment property projects, will be for the company in Beijing ...
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