| TOP HEADLINES Nov 07, 2009
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Vanke October Sales Up 95% YoY
Posted by: Sophia Fu on Nov 06 2009
Shenzhen-based real estate developer Vanke (000002.SZ, 200002.SZ) brought in RMB 6.54 billion in October from sales of 608,000 square meters, representing year-on-year growth of 95% and 31%, respectively, the company announced November 6... |
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Suntech Exec: BIPV Subsidy Set at RMB 13/W
Posted by: Sophia Fu on Nov 06 2009
China is in the process of issuing subsidies of RMB 13 per watt for rooftop-based photovoltaic projects, reports China Business News quoting an executive from module maker Suntech Power Holdings (NYSE:STP)... |
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Wal-Mart Rumored to Sell Trust-Mart stake
Posted by: Sophia Fu on Nov 06 2009
Rumors began circulating on November 5 that Wal-Mart (NYSE:WMT) plans to sell its stake in China's Trust-Mart hypermarkets, reports Beijing Business Today. Wal-Mart responded the same day that it holds 35% stake in Trust-Mart and the companies are operating normally, as independent entities, said the report... |
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Suning Reduces '09 Expansion Plan By 50 Stores
Posted by: Cherry Zhang on Nov 06 2009
Home appliance and electronics retailer Suning (002024.SZ) President Sun Weimin said the company aims to reach around 1,150 stores in the next two years, although it has reduced its targeted new openings to just 150 stores, 21st Century Business Herald reported November 6... |
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Shanda: New "WoooL" Version on 11/6
Posted by: Sijia Xie on Nov 06 2009
Shanda (Nasdaq:SNDA) plans to release a new version of its in-house developed MMORPG The World of Legend ("WoooL") on November 6, the company said. The new version will award each player a free pet and virtual item. |
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Pacific Life Set to Acquire Pension Insurance Stake
Posted by: Sophia Fu on Nov 06 2009
The China Insurance Regulatory Commission has approved Shanghai International Group's plan to transfer 19.95% stake, or 114 million shares, in Changjiang Pension Insurance to China Pacific Life Insurance, a subsidiary of China Pacific Insurance (Group) (CPIC) (601601.SH), reports caijing.com.com quoting a CIRC announcement... |
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Shanghai Greenland Pockets RMB 1.3b Plot
Posted by: Sophia Fu on Nov 06 2009
Real estate developer Shanghai Greenland Group purchased an 85,537-square-meter residential land parcel in Shanghai's Jiading District for RMB 1.28 billion on November 4, reports guandian.cn. Guangzhou-based Poly Real Estate Group (600048.SH) also participated in the bid, said the report... |
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Rumor: Tencent Developing Kid Community
Posted by: Sophia Fu on Nov 06 2009
An unnamed insider reports that Tencent (0700.HK) is quietly developing a kid-oriented online community, modeled after U.S. site Club Penguin, reports DoNews. Other online children's communities in China include 51mole.com and Hezi.com. |
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GCL's Poly Production Spikes in Q3
Posted by: Ana Swanson on Nov 06 2009
Hong Kong-based power plant operator GCL-Poly Energy Holdings (3800.HK) produced 1,993 metric tons (MT) of polysilicon in the third quarter of 2009, up 253% year-on-year and 68.9% month-on-month. In the first three quarters of the year, polysilicon production volume totaled 4,266MT, up 248% from the year-ago period... |
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Telenor: Huawei, Starent on Board for Norway Network
Posted by: Ana Swanson on Nov 06 2009
Norwegian telecom operator Telenor (OSL:TEL, ETR:TEQ, OTC:TELNY) has selected Starent Networks (Nasdaq:STAR) and Chinese telecom equipment manufacturer Huawei Technology as technology providers for the wireless and mobile core networks that it plans to construct in Norway over the next few years, Telenor said November 5... |
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Update: Yingli, Hebei Construction Build Energy Base
Posted by: Sophia Fu on Nov 06 2009
A newly established subsidiary of Hebei Construction & Investment New Energy plans to join the government of Hebei's Laiyuan County in investing in five projects, including photovoltaic and wind power projects, nengyuan.net reported November 6... |
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UTStarcom Reduces Loss, Sales Continue Slide
Posted by: Tom Telford on Nov 06 2009
IPTV and IP-based broadband solutions provider UTStarcom Inc. (Nasdaq:UTSI) reports a net loss for the third quarter of 2009 of $34.6 million, compared with a loss of $55.9 million in the third quarter last year... |
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Update: DunAn Poly Project to Reach 6,000 Tons
Posted by: Sophia Fu on Nov 06 2009
Zhejiang DunAn Artificial Environmental Equipment (002011.SZ) has agreed to invest RMB 4.2 billion in a 6,000-metric-ton polysilicon project in Bayannur, Inner Mongolia, in a contract signed with the municipal government, reports nmrb.cn... |
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Actions Semi Narrows Q3 Loss, Swaps CEO
Posted by: Ana Swanson on Nov 06 2009
Fabless semiconductor company Actions Semiconductor (Nasdaq:ACTS) recorded a net loss of $0.6 million in the third quarter ended September 30, compared to a net loss of $0.8 million in the previous quarter and net income of $7.3 million in the year-ago period, the company said November 6... |
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A-Shares Enter Weekend With Hainan-Led Rally
Posted by: Cherry Zhang on Nov 06 2009
The Shanghai Composite Index extended its weeklong rally on November 5, rising 0.28% to close at 3,164.04, while the Shenzhen Composite Index increased 0.59 to close at 1,123.82. Trading volume on the Shanghai and Shenzhen Stock Exchanges hit RMB 180.95 billion and RMB 116.58 million, respectively.
Hainan Zhenghe Industrial Group (600759.SH) soared 10.08%, Hainan Haide Industry (000567.SZ) gained 10.06%, Hainan Expressway (000886.SZ) rose 10.04%, Hainan Lawton Development (600209.SH) grew 9.95%, while Hainan Pearl River Holdings (000505.SZ) and Hainan Dadonghai Tourism Center Holdings (000613.SZ), both stocks trading under ST (with 5% daily movement caps) symbols, closed the day 4.58% and 4.92% higher, respectively... |
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The China Report: Weekly Edition - November 6, 2009 Nov 07 2009 |
 This edition of The China Report considers the economic impact of swine flu, as well as looking at the potential effects of this year's low cotton output.
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Special Report: E-House (EJ) Company Outlook Nov 06 2009 |
Since its founding in 2000, E-House (China) Holdings (NYSE:EJ) has grown into one of China's leading domestic real estate agencies. In this report, we compare its recent performance to other leading agencies and assess its future prospects. |
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JLM Pacific Epoch in the News
Investor's Business Daily
"Fears About Baidu Ad Transition Send Stock Reeling"
Matt Comyns
October 27, 2009
CNBC
"The Battle for China's Mobile Internet Space"
Lucy Fu
October 20, 2009
Click here for more press...
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