The Shanghai and Shenzhen stock exchanges will be closed for the Labour Day holiday period from 1 May 2009 - 3 May 2009. Markets will resume trading on Monday 4 May 2009.

AU01/YS

Markets stayed in positive territory for most of the day led by real estate but banks and securities were weaker on lower earnings reports with Citic Securities plunging 3.88%. The benchmark Shanghai Composite Index closed marginally higher at 2,477.57 up 0.38% or 9.38 points and the Shenzhen Component Index closed at 9,502.52 up 1.27% or 119.31 points. Combined turnover increased to RMB 194.14 bln, up from 179.16 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) down 0.49% to RMB 4.09, China Construction Bank (601939) down 0.45% to RMB 4.41, Bank of China (601988) down 0.85% to RMB 3.50, Bank of Communications (601328) down 0.44% to RMB 6.78, China Merchants Bank (600036) down 2.64% to RMB 15.50 and China CITIC Bank (601998) down 1.82% to RMB 4.85.

Ping An Insurance (601318) up 1.15% to RMB 39.70, China Life Insurance (601628) up 0.08% to RMB 23.64 while CITIC Securities (600030) plunged 3.88% to RMB 24.25 after revealing a 41% drop in 2008 profits YOY.

Real Estate China Vanke (000002) up 2.17% to RMB 8.48, Poly Real Estate (600048) surged up 8.25% to RMB 19.42, Gemdale Corporation (600383) up 9.80% to RMB 12.32, Beijing North Star (601588) up 2.20% to RMB 4.64, Huafa Industrial (600325) up 3.40% to RMB 17.03 and China Enterprise (600675) hit the maximum daily up limit of 10% to RMB 12.41.

Resources and Energy were mixed with PetroChina (601857) down 0.26% to RMB 11.57, China Petroleum & Chemical (600028) up 0.51% to RMB 9.76, China Shenhua Energy (601088) down 0.04% to RMB 24.73, Aluminum Corporation of China (601600) up 0.88% to RMB 10.35, China Coal Energy (601898) down 0.29% to RMB 10.41, Zijin Mining (601899) down 1.03% to RMB 8.69, Yanzhou Coal Mining (600188) down 0.84% to RMB 14.21, Western Mining (601168) up 0.74% to RMB 13.69 and Shandong Gold (600547) up 1.24% to RMB 38.23.

Metals and Materials Baoshan Iron & Steel (600019) unch at RMB 5.78, Anhui Conch Cement (600585) up 8.54% to RMB 44.37, Jiangxi Copper (600362) up 2.37% to RMB 24.23, Wuhan Iron & Steel (600005) down 0.72% to RMB 6.86 and Maanshan Iron & Steel (600808) down 0.76% to RMB 3.91.

MY01/VW/YS
30 April 2009

Markets managed a steady climb throughout the day led by finance, construction and real estate sectors on news of China's determination to turn Shanghai into an international finance and shipping centre by 2020. Other factors influencing the market include talk of using the yuan (renminbi) as a regional settlement currency as well as a reserve currency.

The benchmark Shanghai Composite Index closed at 2,468.19 up 2.78% or 66.75 points and the Shenzhen Component Index closed at 9,383.21 up 3.06% or 278.91 points. Combined turnover increased to RMB 179.16 bln, up from 137.42 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) up 2.49% to RMB 4.11, China Construction Bank (601939) up 2.55% to RMB 4.43, Bank of China (601988) up 1.73% to RMB 3.53, Bank of Communications (601328) up 8.96% to RMB 6.81, China Merchants Bank (600036) up 4.81% to RMB 15.92, China CITIC Bank (601998) up 3.13% to RMB 4.94, Shanghai Pudong Development Bank (600000) up 9.55% to RMB 23.06, Industrial Bank (601166) up 7.95% to RMB 23.75.

China Life Insurance (601628) up 3.69% to TMB 23.62, China Pacific Insurance (601601) up 6.35% to RMB 17.43, Haitong Securities (600837) up 4.01% to RMB 12.97 and CITIC Securities (600030) up 2.69% to RMB 25.23.

Real Estate China Vanke (000002) up 4.01% to RMB 8.30, Poly Real Estate (600048) up 5.87% to RMB 23.45, Gemdale Corporation (600383) up 7.88% to RMB 11.22, Beijing North Star (601588) up 3.42% to RMB 4.54, Xinjiang Guanghui Industry (600256) up 4.11% to RMB 14.20 and Huafa Industrial (600325) up 5.58% to RMB 16.47.

Transport and Logistics China COSCO Holdings (601919) up 3.02% to RMB 12.27, Daqin Railway (601006) up 3.32% to RMB 9.64, Shanghai International Port Group (600018) up 5.90% to RMB 5.92, Air China (601111) up 6.89% to RMB 6.52 and China Shipping Container Lines (601866) up 3.71% to RMB 4.19.

Resources and Energy PetroChina (601857) up 1.22% to RMB 11.60, China Petroleum & Chemical (600028) up 2.86% to RMB 9.71, China Shenhua Energy (601088) up 3.08% t RMB 24.74, Aluminum Corporation of China (601600) up 2.91% to RMB 10.26, China Coal Energy (601898) up 4.19% to RMB 10.44, Zijin Mining (601899) up 0.34% to RMB 8.78, Yanzhou Coal Mining (600188) up 3.17% to RMB 14.33.

Metals and Materials Baoshan Iron & Steel (600019) up 2.12% to RMB 5.78, Anhui Conch Cement (600585) up 3.44% to RMB 40.88, Jiangxi Copper (600362) up 3.00% to RMB 23.67, Wuhan Iron & Steel (600005) up 3.29% to RMB 6.91 and Maanshan Iron & Steel (600808) up 2.07% to RMB 3.94.

MY01/VW/YS
29 April 2009

With reporting season in full swing, announcements of Q1 2009 earnings decline amongst heavyweights in banking, insurance and resources led the market lower during the morning trading session.

The benchmark Shanghai Composite Index closed at 2,401.44 down 0.16% or 3.91 points and the Shenzhen Component Index closed at 9,104.30 up 0.24% or 22.08 points. Combined turnover decreased to RMB 137.42 bln, down from 155.41 bln the previous trading day.

Finance and Insurance Industrial and Commercial Bank (601398) up 0.50% to RMB 4.01, China Construction Bank (601939) down 0.69% to RMB 4.32, Bank of China (601988) down 0.29% to RMB 3.47, Bank of Communications (601328) down 0.48% to RMB 6.25, China Merchants Bank (600036) down 0.13% to RMB 15.19 and China CITIC Bank (601998) up 1.91% to RMB 4.79.

Ping An Insurance (601318) down 3.39% to RMB 37.65, China Life Insurance (601628) up 0.35% to RMB 22.78, China Pacific Insurance (601601) down 2.03% to RMB 16.39 and CITIC Securities (600030) up 2.63% to RMB 24.57.

Real Estate China Vanke (000002) down 0.25% to RMB 7.98, Poly Real Estate (600048) up 0.68% to RMB 22.15, Gemdale Corporation (600383) up 1.17% to RMB 10.40, Beijing North Star (601588) up 2.09% to RMB 4.39, Xinjiang Guanghui Industry (600256) unch at RMB 13.64, Huafa Industrial (600325) up 0.78% to RMB 15.60.

Transport and Logistics China COSCO Holdings (601919) up 0.76% to RMB 11.91, Daqin Railway (601006) unch at RMB 9.33, Shanghai International Port Group (600018) up 8.33% to RMB 5.59, Air China (601111) down 2.17% to RMB 6.10, China Shipping Container Lines (601866) down 1.94% to RMB 4.04.

Resources and Energy PetroChina (601857) down 2.22% to RMB 11.46 China Petroleum & Chemical (600028) down 2.38% to RMB 9.44, China Shenhua Energy (601088) up 0.80% to RMB 24.00, Aluminum Corporation of China (601600) down 0.10% to RMB 9.97, China Coal Energy (601898) up 1.31% to RMB 10.02, Zijin Mining (601899) down 7.21% to RMB 8.75 and Yanzhou Coal Mining (600188) up 1.17% to RMB 13.89.

Metals and Materials Baoshan Iron & Steel (600019) unch at RMB 5.66, Anhui Conch Cement (600585) down 1.10% to RMB 39.52, Jiangxi Copper (600362) up 0.44% to RMB 22.98, Wuhan Iron & Steel (600005) up 1.21% to RMB 6.69 and Maanshan Iron & Steel (600808) up 0.78% to RMB 3.86.

MY01/VW/YS
28 April 2009