BEIJING (XFN-ASIA) - A summary of Greater China economic and corporate news
at 1000 GMT
HONG KONG:
-Phoenix Satellite Q1 net profit 64.79 mln hkd vs 52.19 mln
-Xinyu Hengdeli to buy 80 pct of Larry Jewelry for 360 mln hkd
-Weiqiao Textile to close power plant in Zhouping county by end-June
-Kingsoft to buy Beijing commercial property for 175 mln yuan
-Sai Kung site sold for 16.5 mln hkd in Hong Kong land auction
-Pacific Basin confirms share placement
CHINA:
-Jan-April exports up 21.5 pct based on machinery and electronics figures
-Jan-April steel product exports 16.17 mln tons, down 23.9 pct - Mysteel
-April PPI up 8.1 pct yr-on-yr - stats bureau
-China facing overcapacity, 2008-09 GDP growth forecasts cut - Lehman
-April PPI remains high, points to CPI acceleration - SMRA
-Finance ministry to auction 26 bln yuan in 7-year fixed-rate bonds
-China to maintain tight monetary policy, says vice-premier
-China should also be wary of hot money outflows - researcher
-China to accelerate financial industry reforms - vice premier
-Singapore-listed Yanlord Q1 net profit up 220 pct yr-on-yr on new project
sales
-Singapore-listed China Dairy Q1 net profit plummets 81 pct on cost
increases
-Poly Real Estate Jan-April property sales 4.7 bln yuan, up 21.6 pct
-ZTE Q1 wireless product sales up 113.8 pct yr-on-yr
-Google, China's Kingsoft in online translation tieup
-Shanghai Pudong Devt Bank signs strategic cooperation deal with Laiwu bank
-CNOOC, Shanghai Jiao Tong University in deep-water engineering tie-up
-Ping An says no plan to file A-share issue application in next 6 mths
-Qian Feng Fabric Tech plans Singapore listing in June
-CHainan Airlines plans bond issue of up to 3 bln yuan
TAIWAN:
-Cathay Financial April net profit 2.47 bln twd vs March loss 2.87 bln
-Acer April parent sales 28.31 bln twd vs 16.21 bln
-Nanya Technology April parent sales 2.70 bln twd vs 4.32 bln
-TSMC April consolidated sales up 6.4 pct on month, up 25.0 pct on year
stella.luo@xinhuafinance.com
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xfnsluo/xfjamesa
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