投资金融之 Stock Markets in China041206新鸿基金融集团.docxVIP

Stock Markets in China A-shares in Shanghai and Shenzhen ended 1.4% lower as petrochemical producers and auto companies were pressured by profit worries. Petrochemical stocks sagged on cost concerns, as Weekly Review 6 Dec 2004 All Reports are available at: HYPERLINK http://www.SHK http://www.SHK HYPERLINK HYPERLINK HYPERLINK Bloomberg Code: shkr Investment Daily Note – 8 Sep 2003 crude prices remain high. Asias largest oil refiner China Petroleum Chemical Corp (Sinopec) (SHA 600028; HK 0386; NYSE SNP) fell RMB0.08, or 1.77%, to RMB4.45 while Jinzhou Petrochemical Co Ltd (SZA 000763) lost RMB0.10, or 1.89%, to RMB5.18. ST Jilin Chemical Industrial Co Ltd (SZA 000618; HK 0368) slipped RMB0.09, or 1.53%, to RMB5.79 and Sinopec Yangzi Petrochemical Co Ltd (SZA 000866) lost RMB0.01, or 0.09%, to RMB11.44. Among other losing counters, Beijing Double-Crane Pharmaceutical Co Ltd (SHA 600062) fell RMB0.06, or 1.15%, to RMB5.16 after it said China Worldbest Life Industry had acquired a 50% stake in its largest shareholder, Beijing Pharmaceutical Group Co. Automakers were hit by official statistics showing that their January-September profits fell for the first time in five years. The National Bureau of Statistics said that in the first three quarters, combined profits in the automobile industry fell 7.9% yoy, the first drop since 1999, with combined profits of the third quarter falling 33.6 pct yoy, due to price cuts and falling output and sales. The downturn of auto industry is expected to stay, as overall output capacity is greater than demand due to weak consumer confidence. Anhui Ankai Automobile Co Ltd (SZA 000868) lost RMB0.08, or 2.13%, to RMB3.67. Yangzhou Yaxing Motor Coach Co Ltd (SHA 600213) ebbed RMB0.10, or 2.27%, to RMB4.30. Chongqing Changan Automobile Co Ltd (SZA 000625; SZB 200625), a partner of Ford Motor Co, fell RMB0.10, or 1.71%, to RMB5.75. China is planning to inject capital into two state banks. According to the Securities Times,