Broad money supply (M2) totaled 63.6 trillion yuan as of end February 2010, an increase of 25.52 percent year-on-year, according to data released by the People’s Bank of China (PBOC). The rate of increase was down 0.56 percent from end January. Narrow money supply (M1) hit 22.43 trillion yuan, an increase of 34.99 percent year-on-year. The rate of increase was down 3.97 percentage points from end January. C ... more»

The consumer price index (CPI) in February rose 2.7 percent year-on-year and 1.2 percent month-on-month,  reports Chinanews.com.cn, citing the National Bureau of Statistics. For January and February, the CPI rose 2.1 percent from the same period in 2009. The producer price index (PPI) in the first two months rose 4.9 percent year-on-year. The PPI in February increased 5.4 percent from the same period a year ago and was up 1.1 perc ... more»

Real estate prices in 70 major cities in February rose 10.7 percent year-on-year and 0.9 percent month-on-month, reports NetEase, citing the National Bureau of Statistics. Investments in real estate developments nationwide in the first two months totaled 314.4 billion yuan, an increase of 31.1 percent year-on-year. Of the total, investment in commercial housing hit 223.3 billion yuan, an increase of 32.8 percent year-on-year, accounting ... more»

Fixed asset investment in China increased 26.6 percent year-on-year in January and February to 1.3 trillion yuan, reports Chinanews.com.cn, citing the National Bureau of Statistics. Of the 1.3 trillion yuan of fixed asset investment, investment in real estate development increased 31.1 percent year-on-year to 314.4 billion yuan. Retail sales in February rose 17.9 percent year-on-year to 2.51 trillion yuan. The rate of increase in Februa ... more»

Home appliances producer TCL Corporation (000100) recorded a 15.29 percent increase in operating revenue from 2008 to 44.29 billion yuan in 2009, reports NetEase, citing its Annual Report. Net profit attributable to shareholders dipped 6.19 percent from 2008 to 470 million yuan in 2009. Basic earnings per share was 0.1667 yuan. According to the report, the company will not distribute dividends in 2009. ... more»

Anhui Golden Seed Winery (600199) expects net profit attributable to shareholders to surge 150 percent year-on-year in the first quarter of 2010 from the 16.93 million yuan earned in the first quarter of 2009, reports China Securities Journal, citing a company filing. The company attributed the expected surge in net profit to an increase in sales of its Chinese spirits products, an improvement in its sales structure and a rise in gross ... more»

The Guangdong branch of China Mobile (0941.HK) has signed an agreement with Shanghai Pudong Development Bank (SPD Bank) (600000) to subscribe to 2.2 billion new shares to be issued by SPD Bank at 18.03 yuan per share for a total of 39.8 billion yuan, reports NetEase, citing an announcement by China Mobile. Upon the completion of the transaction, China Mobile will hold a 20 percent stake in SPD Bank, becoming the second largest sharehold ... more»

PICC Property and Casualty (2328.HK) announced that premium income in January and February hit 26.489 billion yuan, an increase of 27.92 percent year-on-year, reports NetEase, citing a company filing. In the month of February, premium income was 7.975 billion yuan, up 10.41 percent year-on-year. Compared with January, premium income declined 56.92 percent.

Shandong Lipeng (002374) will raise 321.3 million yuan from its initial public offering (IPO), reports NetEase, citing a company filing. It will issue 13.5 million shares at 23.8 yuan per share. Shandong Lipeng is engaged in the production and sale of various kinds of aluminum plates. It plans to invest 158 million yuan in a production line and overhaul another production line.  Surekam Corporation (002373) will issue 17.5 million ... more»

Guodian Capital Holdings has obtained approval from the China Securities Regulatory Commission (CSRC) to purchase a 50 percent stake in Skandia Life Assurance from Beijing State-owned Asset Management, reports NetEase, citing a notice from the CSRC. Skandia Life Assurance recorded premiums of more than 700 million yuan in 2009. Its major products are investment-linked insurance products. Skandia Life Assurance was established in 2004 by ... more»

China National Heavy Duty Truck Group (Sinotruck Group), the largest manufacturer of heavy-duty trucks in China, plans to manufacture and sell 140,000 trucks and achieve sales revenue of 66 billion yuan in 2010, reports China Securities Journal, citing Ma Chunji, chairman of the group. According to Ma, the group will focus on expanding its heavy duty trucks, key parts for heavy duty trucks and special vehicles businesses in the next fiv ... more»

Shanghai Metersbonwe Fashion and Accessories (002269) has entered into a partnership with DreamWorks which gives it exclusive rights to use about 20 animated images owned by DreamWorks on its new MTEE line of T-shirts, reports Securities Times. Some of the images that would be used include Kung Fu Panda and Shrek. In addition, the company will cooperate with Shanghai Animation Film Studio and Sanrio Japan to launch a series of products ... more»

Wuliangye Group will roll out its new brand of spirits, Yongfu, during the Chengdu Spring Sugar and Alcohol Conference on March 17, reports ce.cn, citing Tang Qiao, President of Wuliangye Yibin (000858) on March 8. It was reported that Wuliangye Group took ten years to develop the Yongfu series of spirits, which will consist of three varieties. Tang added that the Yongfu-branded spirits will be packaged in ceramic bottles. ... more»

Haier Electronics Group (1169.HK) currently has a more than 30 percent market share in the market for home appliances in rural areas, reports China Securities Journal, citing Zhou Yunjie, executive director of Haier Electronics Group on March 9. White goods such as air-conditioners, washing machines and freezers account for more than 40 percent of the market for home appliances in rural areas. Haier Electronics Group plans to set up a s ... more»

The average transaction prices of new houses in Shanghai for the week ended March 7 fell ten percent week-on-week to 18,549 yuan per square meter, reports Shanghai Securities Journal, citing statistics released by Shenzhen World Union Properties Consultancy (002285). In the same period, transaction area of new houses hit 113,000 square meters, up 33 percent week-on-week. According to Yao Yao, a real estate analyst at Guotai JunAn (HK) S ... more»

Anshan Iron and Steel Group may complete its restructuring of Benxi Iron and Steel Group in 2010, reports China Securities Journal, citing Zhang Xiaogang, general manager of Anshan Iron and Steel Group. Yu Tianchen, chairman of Benxi Iron and Steel Group, said that the two groups will make great progress in restructuring. Data from China Securities Journal showed that Angang Group, after the restructuring involving Anshan Iron and Steel ... more»

Gold futures for June 2010 delivery traded on the Shanghai Futures Exchange (SHFE) was up 0.72 yuan from the previous trading day to close at 249.44 yuan on March 10, according to statistics released by the SHFE. Transaction volume totaled 19,254 lots. Each lot is equivalent to 1,000 grams. Gold futures for April 2010 delivery traded on the Chicago Board of Trade (CBOT) was trading at $1,123.7 per ton as of 15:56 on March 10, according ... more»

COFCO Property (000031) recorded a 85.26 percent increase in revenue from 2008 to 2.01 billion yuan in 2009, reports China Securities Journal, citing its Annual Report. Total profit and net profit attributable to shareholders leapt 123.29 percent and 163.01 percent from 2008 to 449.84 million yuan and 373.52 million yuan in 2009. Basic earnings per share was 0.21 yuan. Net cash inflow from operating activities in 2009 totaled 78.74 mill ... more»

February auto sales hit 1.21 million units, down 27 percent month-on-month, reports China Business News, citing statistics released by China Association of Automobile Manufacturers. Compared with the previous year, sales rose 46 percent. Cumulative auto sales in the first two months reached 2.87 million units, almost two times over the sales volume achieved in the US of 1.48 million units over the same period. ... more»

Hefei Department Store (000417) recorded a 16.82 percent increase in revenue from 2008 to 5.88 billion yuan in 2009, reports p5w.net, citing its Annual Report. Net profit attributable to shareholders rose 66.93 percent from 2008 to 200.81 million yuan. Basic earnings per share was 0.4186 yuan. Hefei Department Store attributed the increase in net profit to brand marketing, better product structure, higher gross margin and stricter procu ... more»