ChinaScope Daily Dim Sum

Tuesday, December 27, 2011

Dec 26 - Steel Market Continues to Deteriorate Due to Sluggish Demand

Source: Xinhua, ChinaScope Financial (Data)

+ According to market data, most steel traders in China are unable to maintain a balanced supply and demand, causing increased funding pressure and suppressed steel prices.

+ Market prices for hot rolled steel coil continue to fluctuate within a narrow range at a low price level.

+ Related Data: Price of Hot-rolled Coil, Price of Cold-rolled Coil, Inventory of Major Cities

The price trend of hot-rolled coil and cold rolled coil is weak recently.

For more data of Chinese steel industry data, please visit www.chinascopefinancial.com

Other News Headlines

Railway Investment to Be Cut in the Coming Year
Steel Market Continues to Deteriorate Due to Sluggish Demand
Southwest Securities Will Merge Guodu Securities
Zhongshan May Not Extend Housing Price Control Policy
Mengniu’s Milk Products Found to Contain Strong Carcinogen

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Monday, December 26, 2011

Dec 26 - Railway Investment to Be Cut in the Coming Year

Source: China Business News, ChinaScope Financial (Data)

+ Sheng Guangzu, Minister of Railways, announced on December 23 that China plans to invest only CNY 400 billion in railway infrastructure construction in 2012, a significant drop from the budgeted CNY 700 billion investments in 2011.

+ Statistics from the Ministry of Railways show that from January to November, fixed asset investments totaled CNY 491.6 billion, down 28.4% year-on-year. Of this amount, CNY 396.3 billion was invested into railway infrastructures, a 34.7% year-on-year decrease.

+ The Ministry of Railway is experiencing stricter bank lending and diversification of financing sources will be the primary goal in future reforms. All indicators point to a slow down of China’s railway construction.

+ Related Data: Fixed Asset Investment in Railways

Investment activities of Chinese railways are slowing down.

For more data on other statistics about Chinese railway system, please visit www.chinascopefinancial.com

Other News Headlines

Railway Investment to Be Cut in the Coming Year
Steel Market Continues to Deteriorate Due to Sluggish Demand
Southwest Securities Will Merge Guodu Securities
Zhongshan May Not Extend Housing Price Control Policy
Mengniu’s Milk Products Found to Contain Strong Carcinogen

Thursday, December 22, 2011

Dec 22 - China Filed 391,000 Patent Applications Last Year

Source: Legal Evening News, ChinaScope Financial (Data)

+ According to the World Intellectual Property Organization, 3.66 million trademark registrations were made globally in 2010, up 11.8% from 2009.

+ China filed 391,000 patent applications in 2010, more than Japan, and second only to the U.S.

+ Related Data: Invention Applications by Country 2010, Applications for Three kinds of Patents by Year, Proportion of Chinese Invention Application

In2010, China outnumbered Japan in applications for invention patents, ranking 2nd in the world.

For more data of Chinese macro data, please visit www.chinascopefinancial.com

Other News Headlines

Ping An Insurance Plans to Issue Bonds Worth CNY 26 Billion
Over CNY 200 Billion Invested In New Projects in Western China
China Filed 391,000 Patent Applications Last Year
The SZSE Clears the World’s Most IPOs in 2011
China’s Coal Import Dependence Increases

Dec 22 - Over CNY 200 Billion Invested In New Projects in Western China

Source: Chinanews, ChinaScope Financial (Data)

+ The National Development and Reform Commission has announced that in 2011 a total of CNY 207.9 billion was invested in the development of 22 new key projects in the Western regions.

+ 165 major projects have been developed since 2000 with total investments amounting to CNY 3.1 trillion.

+ Benefiting from a series of financial, industrial, and economic policies, the annual GDP growth in Western China averaged 11.9% between 2000 and 2009. This is higher than the national growth rate during the same period.

+ Related Data: Fixed Asset Investment in Eastern, Middle, and Western Regions.

Economy of China’s hinterland is supported by more investments in fixed assets.

For more data of Chinese macro data, please visit www.chinascopefinancial.com

Other News Headlines

Ping An Insurance Plans to Issue Bonds Worth CNY 26 Billion
Over CNY 200 Billion Invested In New Projects in Western China
China Filed 391,000 Patent Applications Last Year
The SZSE Clears the World’s Most IPOs in 2011
China’s Coal Import Dependence Increases

Dec 22 - Ping An Insurance Plans to Issue Bonds Worth CNY 26 Billion

Source: China Securities Journal, ChinaScope Financial (Data)

+ On December 20, Ping An Insurance (Group) Co. of China Ltd. (SSE: 601318, HK: 2318) received approval from its board members to issue a maximum of CNY 26 billion worth of A-share convertible bonds.

+ As of October 31, 2011, the solvency ratio of Ping An was 170.7%. Should all of the new bonds be converted into shares, the ratio will increase to 194.9%, reaching CNY 208.9 billion.

+ Related Data: Solvency Ratio, Refinancing, Subordinated Bonds

+ Related Sector: Insurance

Insurers: issuing subordinated bonds to raise actual capital

Trading Comparable

Other News Headlines

Ping An Insurance Plans to Issue Bonds Worth CNY 26 Billion
Over CNY 200 Billion Invested In New Projects in Western China
China Filed 391,000 Patent Applications Last Year
The SZSE Clears the World’s Most IPOs in 2011
China’s Coal Import Dependence Increases

Dec 21 - Strong Growth in Western and Middle Regions Might Push Eastern Regions out of Top-10 Rank

Source: China Business News, ChinaScope Financial (Data)

+ As the year is coming to an end, the GDP data of different regions are being publicized, showing strong growth numbers in the Western and Middle regions. It is likely that Chengdu and Wuhan will be among the top 10 cities measured by GDP, while Hangzhou and Qingdao may fall out of the top 10 rank.

+ In the first half of this year, Wuhan and Chengdu ranked the 9th and 11th with regional GDP of CNY 322.16 billion and CNY 310.76 billion respectively. In addition, Chengdu recorded highest national GDP growth with 17.8%.

+ In 2010, the top 10 cities measured by GDP were Shanghai, Beijing, Guangzhou, Shenzhen, Tianjin, Suzhou, Chongqing, Hangzhou, Wuxi and Qingdao, among which only Chongqing is in the western region. Wuhan and Chengdu ranked 12th and 13th respectively.

+ Related Data: GDP

Western and Middle region cities are moving up the GDP rank

For more macroeconomic data, please visit www.chinascopefinancial.com

Other News Headlines

Strong Growth in Western and Middle Regions Might Push Eastern Regions out of Top-10 Rank
Central Bank Continues to Reduce Liquidity
Major Banks Make Incremental Loans of CNY 214.8 Billion in November
Steel Production and Steel Prices Continues Falling
Hydropower Generation Increase for the First Time Since July
Stimulus Policies for Home Appliances Will Be Phased Out

Tuesday, December 20, 2011

Dec 20 - 21% Average Annual Growth of Logistics Sector

Source: Zhejiang Daily, ChinaScope Financial (Data)

+ During the 11th five-year plan (2005-2010), the average annual growth of China’s logistics sector was 21%, while the value added for the sector averaged 16.7%.

+ In 2010, the top 50 logistics enterprises made a total of RMB 592.7 billion of core-business revenue, a 31.5% year-on-year increase.

+ China Ocean Shipping (Group) Co, the most profitable of the logistics enterprises, has made more than RMB 100 billion of core-business revenue.

+ Related Data: Nominal Value Added in the Transportation, Storage and Postal Services, Shipping Volume of COSCO, Revenue of COSCO from Logistic Service, Operating and Trading Comparables of Logistic Companies

Rapid development of the Chinese logistic sector

China COSCO Holdings Co., Ltd. is the No. 1 logistic service provider in China.

Information on logistic companies

For more data on the logistic industry and companies, please visit www.chinascopefinancial.com

Other News Headlines

Position for Foreign Exchange Purchases Continue to Decrease
Growth of Electricity Consumption Slows Down in November
More than 80% of Cities Experienced Decreases in Property Turnover Last Week
China Unicom: 3.38 Million New 3G Users in November
21% Average Annual Growth of Logistics Sector
Launch of Shanghai Liquor Trading Center to Boost Investment in Chinese Liquor