ChinaScope Daily Dim Sum: securities

Thursday, April 5, 2012

Apr 5 - Founder Securities: Net Profit Drops 79% to CNY 256 Million in 2011

Source: Shanghai Stock Exchange, ChinaScope Financial (Data)

+ According to Founder Securities’ 2011 financial report released on April 4, the brokerage firm made CNY 1.7 billion in revenues last year, a 44.65% year-on-year decrease. Net profit attributable to shareholders was CNY 256 million, declining 79.42% year-on-year. Basic earnings per share were CNY 0.0504.

+ The company plans to pay a cash dividend of CNY 0.7 per share.

Due to poor market performance, Founder Securities’s profits declined dramatically last year.

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Thursday, February 9, 2012

Feb 09 - MOF Issues One-Year Treasury Bonds with Higher Rate than Expected

Source: Caijing, ChinaScope Financial (Data)

+ The Ministry of Finance (MOF) auctioned one-year fixed rate treasury bonds amounting to CNY 28 billion in the inter-bank bond market on February 8. It is known that the bond rate was 2.87%, higher than the expected average value.

+ Based on the yield curve of fixed rate treasury bond from China Government Securities Depository Trust and Clearing, the latest yield of one-year treasury bond is 2.8176%, 6 base points lower than the auctioned bond rate this time.

Summary of Interbank Bonds Yield as of February 8, 2012

Other News Headlines:

nNational Bureau of Statistics: CPI 4.5% YoY and PPI 0.7% YoY in January

n MOF Issues One-Year Treasury Bonds with Higher Rate Than Expected

n Zhejiang Enhances Supervision on Small-Loan Companies

n Commercial Housing Sales Decreased 20.5% in Space in Zhejiang

n Jianghuai Auto: Jan. Sales Reached 28,800 Units