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PetroChi Current transformer na's Changqing crude output hits 1.187 mln tons in Jan; PetroChi Current transformer na's Changqing crude output hits 1.187 mln tons in Jan
Topic Started: Nov 15 2011, 04:04 PM (134 Views)
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Bank of Current transformer China says Temasek not to sell its stake in H1

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Bank of China says Temasek not to sell its stake in H1Published: 08 Mar 2009 23:00:00 PST<p class="authorInfor"]</p]<!--begin CK content--]<P]Mar. 9, 2009 (China Knowledge) - Temasek Holdings, Singapore's state investment firm, will not cut its shareholdings in Bank of China (BOC)<601988><3988> before mid-2009, the Shanghai Securities News reported, citing BOC's chairman Xiao Gang as saying.</P]<P]The Chinese bank had been in close contact with Temasek, which owned 4.13% H-shares of BOC at the end of last September, according to Xiao.</P]<P]Xiao also denied market speculation that the bank was likely to take private its Hong Kong-listed unit, Bank of China (Hong Kong)<2388>. He stressed that BOC would not participate in bidding to buy assets of American International Assurance Co (AIA), the Asian life insurance unit of American International Group (AIG).</P]<P]In January, the troubled UK lender the Royal Bank of Scotland (RBS), one of the largest banking and insurance holding companies in the UK, sold its 4.3% stake in BOC for US$2.4 billion, in a bid to solve its financial difficulties.</P]<P]According to China Knowledge's earlier report, RBS will terminate its strategic partnership with BOC later this month.</P]<P]H-shares of BOC edged up 1.38% to close at HK$2.21 last Friday.<BR]</P]
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PetroChi Current transformer na's Changqing crude output hits 1.187 mln tons in Jan

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PetroChina's Changqing crude output hits 1.187 mln tons in JanPublished: 13 Feb 2009 00:00:00 PST<p class="authorInfor"]</p]<!--begin CK content--]<P]Feb. 13, 2009 (China Knowledge) - PetroChina's Changqing oilfield, headquartered in Xi'an, Shaanxi Province, recorded crude oil output of 1.19 million tons in January, sources reported.</P]<P]The main body of the oilfield, located in Ordos Basin, covers 370,000 square meters. </P]<P]In the first month of this year, the oilfield's daily yield of crude oil was 38,254 tons, 400 tons more than planned. </P]<P]The natural gas output of Changqing oilfield reached 1.76 billion cubic meters in January, standing at 9.8% of the estimated annual production. Meanwhile, the supply of natural gas reached 1.59 billion cubic meters, amounting to 9.37% of the regional plan. </P]<P]In 2009, Changqing oilfield is expected to yield 30 million tons of crude oil.<BR]</P]
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Hang Sen Current transformer g Index finishes 0.55% higher at midday

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Hang Seng Index finishes 0.55% higher at middayPublished: 22 Nov 2009 22:28:33 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Nov. 23, 2009 (China Knowledge) - Hong Kong stocks swelled 122.8 points or 0.55% to end the morning session at 22,578.64 points, with mainboard turnover standing at HK$27.23 billion. </P]<P]The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, swelled 128.1 points to 13,457.76 points.</P]<P]Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, dipped 0.16% to HK$94.9. </P]<P]JF Household Furnishings Ltd<0776> surged 22.73% to HK$2.7. The Hong Kong Building and Loan Agency<0145> declined 14.29% to HK$4.2. </P]<P]Stocks of oil firms ended mixed in the morning session. CNOOC Ltd<0883><CEO> fell 1.27% to HK$12.4. China Oilfield Service Ltd<601808><2883> slid 1.32% to HK$8.99. Sinopec Shanghai Petrochemical Co Ltd<600688><0338><SHI> climbed 0.31% to HK$3.22. CNPC (Hong Kong) Ltd<0135> fell 1.57% to HK$8.8.</P]<P]Sinopec<600028><0386><SNP>, the largest refiner in Asia by capacity, ended flat at HK$6.68. PetroChina<601857><0857><PTR>, the country's largest oil producer, dipped 0.3% to HK$9.93. <BR]</P]
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Hang Sen Current transformer g Index shed 4.77% on Tue

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Hang Seng Index shed 4.77% on TuePublished: 11 Nov 2008 02:50:39 PST<p class="authorInfor"]</p] <!--begin CK content--]
Nov. 11, 2008 (China Knowledge) - Hong Kong stocks fell on Tuesday, weighted down by HSBC on concerns the global economic downturn will increases its bad loans.</p]
The Hang Seng Index, the benchmark, opened 422 points lower at 14,322.95. After fluctuating between 14,853.83 and 13,926.71 points, the blue-chip Hang Seng Index plummeted 703.73 points or 4.77% to close at 14,040.90. Mainboard turnover fell to HK$54.39 billion from HK$60.71 billion on Monday.</p]
Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, dropped 275.93 points or 3.72% to 7,136.93 points.</p]
Market heavyweight HSBC Holdings Plc<5><HBC>, which accounts for the largest weighting of the Hang Seng Index, tumbled 4.66% to HK$88.00 after it said on Monday that it took a US$4.3 billion hit for bad debts in the United States.</p]
Another market heavyweight China Mobile<941><CHL>, the largest firm by capitalization in the Hong Kong market, slid 5.15% to HK$68.10.</p]
Shares of Semiconductor Manufacturing International Corp (SMIC)<981>, the country's top contract chip maker, soared 29.03% to HK$0.20 after it said it planned to sell a US$172 million stake to Beijing-based Datang Telecom Technology & Industry Holdings.</p]
China National Building Material<3323> edged down 0.17% to HK$5.74, steelmaker Angang Steel<000898><347> fell 2.54% to HK$6.14 and cement maker Anhui Conch<600585><914> plunged 7.89% to HK$32.70. Top integrated copper maker Jiangxi Copper<600362><358> lost 7.84% to HK$4.70.</p]
Offshore oil producer CNOOC<883><CEO> shed 5.39% to HK$6.15. Sinopec<600028><386><SNP>, Asia's largest oil refiner tumbled 4.08% to HK$4.70, while PetroChina<601857><857><PTR>, the country's largest oil producer and also involved in refining business, ended 4.04% lower at HK$5.94.</p]
China Construction Bank (CCB)<601939><939> was down 3.69% to HK$4.18, while the nation's largest lender Industrial & Commercial Bank of China (ICBC)<601398><1398> fell 2.28% to HK$3.85.</p]
Bank of China (BOC)<601988><3988> ended 2.22% lower at HK$2.20. Bank of Communications (BoComm)<601328><3328> and China Merchants Bank (CMB)<600036><3968> slid 4.28% and 4.66% to HK$4.70 and HK$13.90 respectively.</p]
Top insurer China Life Insurance<601628><2628><LFC> closed 5.78% lower at HK$21.20 while smaller rival Ping An Insurance<601318><2318> fell 2.63% to HK$35.20.</p]
Lenovo Group<992><LNVGY>, the world's fourth largest PC maker, further plummeted 5.15% to HK$1.77.</p] <br /] Copyright © 2008 www.chinaknowledge.com<br /] <br /] Send feedback or comments to: news@chinaknowledge.com<br /] <br /] For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: <br /] <br /] To access our page on Bloomberg, type CKFI <go]</go]<!--end CK content--] <!-- right Begin --] Related Topics China News <br /] <map id="Map" name="Map"] 浦东翻译公司 skateboard bearings ショッピング枠現金化 競馬新聞 有机玻璃 即日 融資 ショッピング枠 現金化 cartoning machine
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EU Highl Current transformer ights Good Business Conduct and Environmental Protection in China

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EU Highlights Good Business Conduct and Environmental Protection in China Published: 09 Jul 2009 18:55:57 PST<p class="authorInfor"]</p]<P]<em]File photo of Mikael Lindstrom, Swedish ambassador to China (SWEDENABROAD.COM)</em]

The European Union (EU) will focus on promoting decent business practices and efforts to tackle climate change in China in the second half of this year, said the Swedish ambassador to China, whose country currently holds the rotating presidency of the EU.</P]<P]"During the autumn, we are planning a series of events to deal with essentially two themes," Ambassador Mikael Lindstrom said at a press conference in Beijing on July 8. "The first is about how European and Chinese companies work together and individually to promote responsible business behavior. The other theme in our activities will be climate change."</P]<P]European environmental officials will hold talks in mid July with Chinese officials including Vice Minister of the National Development and Reform Commission Xie Zhenhua, the top Chinese official in charge of climate change negotiations, Lindstrom said.</P]<P]The EU will also sponsor a gathering of young people from around the world from late November to early December in Tangshan, Hebei Province, with the theme of enhancing environmental protection awareness. It will also hold events in different Chinese cities including Hangzhou, Chongqing and Harbin in the coming months to celebrate responsible business conduct.</P]<P]The next China-EU summit will be held in Beijing toward the end of November, Lindstrom said.</P]<P]Sweden took over the EU presidency from the Czech Republic on July 1. It has set a number of priorities for its six-month tenure including addressing the global financial crisis, coping with climate change and promoting the EU's institutional development.

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China's Current transformer Hualan Biological Engineering produces H1N1 flu vaccine

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China's Hualan Biological Engineering produces H1N1 flu vaccinePublished: 25 Jun 2009 19:07:10 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comAcer's netbooks to account for 25% of Acer's notebook shipmentsMainland China to eliminate tariffs on some HK, Macao productsIndia blocks Huawei's plan to invest in ITIChina to ease restrictions on Wi-Fi enabled handsetsGreenland Group to start RMB 7-bln Yan'an project in SepJun. 26, 2009 (China Knowledge) - Shenzhen-listed Hualan Biological Engineering Inc<002007> produced a successful H1N1 vaccine in China earlier this week, and is expected to release a tested version to the market in September, sources reported.

The H1N1 vaccine has to be put through biochemical experiments and will be used for clinical trials before being approved for sale.

Hualan will use up to 200,000 chicken eggs per day for H1N1 vaccine production.

It is estimated that the firm's daily production of H1N1 vaccine could reach 600,000 units, and that its annual production capacity will be 160 million units.

Meanwhile, Sinovac Biotech Ltd<SVA>, a Beijing-based vaccine maker, started production of H1N1 vaccine in China last week and said it would begin conducting clinical trials at the end of next month.

As of yesterday evening, mainland China has reported 570 H1N1 cases. There have been no deaths in mainland China from the flu, and 321 of the 570 patients have recovered and been discharged.


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BDA brea Current transformer ks ground for coal gasification industrial base

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BDA breaks ground for coal gasification industrial basePublished: 21 Dec 2009 01:17:43 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Dec. 21, 2009 (China Knowledge) - The coal gasification industrial base of Beijing Aerospace Wanyuan Coal Chemical Engineering Technology Co was recently inaugurated in Beijing Economic-technological Development Area, or BDA.</P]<P]The industrial base, which covers an area of 78 mu and will have a total investment of RMB 422 million, is expected to start production in 2011. </P]<P]The project, one of the key projects of the Beijing municipal government for 2009, will adopt advanced coal gasification technology based on rocket combustion technology and is expected to increase fuel efficiency to over 95%. When the base becomes operational, it will boost the company's sales revenue by RMB 800 million annually, thus helping the company achieve its sales target of RMB 5 billion by the end of 2010.</P]<P]General Manager Wang Mingshen earlier said during an interview that most of its coal chemical projects will become operational in two to three years, when the global economic recession comes to an end and there are more opportunities for the energy and chemical industry.</P]<P]The sales revenue of Wanyuan Coal Chemical for this year is expected to hit RMB 600 million. The company also has plans to launch an initial public offering in three to five years.<BR]</P]
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Chinese Current transformer shares free fall to 3-month low

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Chinese shares free fall to 3-month lowPublished: 31 Aug 2009 17:02:01 PST<p class="authorInfor"]</p]<p style="text-align: center"]</p]
A Chinese man points out to an electronic board showing the index and share prices at a stock trading hall in Shanghai, China's financial hub, Aug. 31, 2009. China's benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2667.75 points on Monday, down over 6 percent from the previous close. (Xinhua/Huang Yan)</p]
By Qiu Wei</p]
Chinese mainland shares dived 6.74 percent to a three-month low yesterday as signs of sluggish lending growth and a glut of new share supply seemed to worsen investor anxiety.</p]
The Shanghai Composite Index, which covers A and B shares, was down 192.94 points at 2,667.75 on turnover of 124.6 billion yuan ($18.2 billion), marking the largest daily drop for the benchmark index since June of last year. The Shenzhen Component Index also tumbled 7.55 percent, or 864.99 points, to close at 10,585.09.</p]
The Shanghai A-share index fell 202.55 points, or 6.75 percent, to close at 2,799.48 on turnover of 124.1 billion yuan. The Shenzhen A-share index shed 73.47 points, or 7.18 percent, to 949.88 on turnover of 64.6 billion yuan.</p]
As a result, China's fall dragged other markets lower in the region, with Hong Kong losing 1.86 percent, Sydney dipping 0.23 percent and Seoul shedding 1 percent, despite an early Tokyo rally triggered by the opposition's landslide election win in Japan.</p]
Seven out of 10 securities analysts contacted by the Global Times forecasted further turbulence for the stock market. And seven out of 10 economists said the country's recovery was bound to happen.</p]
Xia Huan, a businessman who started investing in stocks five years ago, told the Global Times yesterday that he has suffered a lot of heartache since early last month. I've lost as much as 40,000 yuan since early August, he said. That's equal to my annual earnings.</p]
The stock market doesn't look hopeful, he added, likening the situation to the beginning of a bear market. If the government has plans to launch new policies to rescue the stock market, I'd be in favor of a long-term one, since policy-driven short-term prosperity won't help the health of the stock market.</p]
Monday's dip came as new loans in August are believed to have fallen to less than 300 billion yuan, down from 355.9 billion in July and 1.53 trillion in June, the Economic Observer newspaper reported. New yuan-dominated loans registered a record low of 270 billion yuan in August last year.</p]<p style="text-align: center"]</p]<p style="text-align: left"]A Chinese man looks at an electronic board showing the index and share prices at a stock trading hall in Shanghai, China's financial hub, Aug. 31, 2009.(Xinhua/Huang Yan)</p]<p style="text-align: left"]</p]
</p]
The country's banks extended 7.73 trillion yuan worth of new loans in the first seven months of this year in an attempt to stimulate economic growth, far exceeding the annual target of 5 trillion yuan.</p]
The big four banks Industrial and Commercial Bank of China, Bank of China, China Construction Bank, and Agricultural Bank of China lent less than 100 billion yuan in the first 25 days of August, the newspaper said.</p]
It said the bulk of new lending had come from smaller banks, adding that there were signs that lending by those banks and medium-sized institutions had fallen during the month, AFP reported.</p]
The problem was exacerbated by a number of upcoming initial public offerings that many fear will create a glut.</p]
"Liquidity worries will continue to dominate the market, as the securities regulator seems to accelerate the pace of approving big IPOs," Jacky Zhang, an analyst at CSC International, was quoted by Dow Jones Newswires as saying.</p]
Analysts gave mixed readings of yesterday's poor market performance.</p]
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Shanghai Current transformer tops turnover of property rights market for 14 years

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Shanghai tops turnover of property rights market for 14 yearsPublished: 13 Jul 2009 01:02:01 PST<p class="authorInfor"]</p]
Shanghai ranks first in terms of the number of turnovers in the property rights market for 14 successive years, according to People’s Daily.</p]
The Chinese city has emerged as a center of merger and acquisitions, capital flow, reform and adjustment of state-owned assets and enterprises, technological equity exchange, trading of financial assets and corporate financing.</p]
In 15 years, the property rights market in <st1:city w:st="on"]<st1:place w:st="on"]Shanghai</st1:place]</st1:city] has gone through three major shifts. First, developing from an elementary exchange of common property to a multi-layered capital market, demonstrating the price discovery function. Second, transferring state-owned property rights of enterprises to an equity market, including investors with state-owned, private or foreign capital. And finally, transforming from a local property rights market to a national center for transactions of property rights and an international market.</p]<p align=center] Explore the World, Understand China!
Please log on www.gloaltimes.cn
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China Te Current transformer lecom orders 5 million phones

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China Telecom orders 5 million phonesPublished: 02 Sep 2008 17:57:16 PST<p class="authorInfor"]</p]<P]CHINA Telecom, which is in the process of acquiring China Unicom's CDMA (code division multiple access) business, has bought 5 million CDMA phones and is expected to sell them at 200 yuan (US$29) as early as next month.</P]<P]China Telecom, the country's fixed-line phone operator, ordered the phones from Samsung, ZTE, Motorola and Huawei, according to industry sources. China Telecom declined to comment.</P]<P]"The shortage of phone variety is a bottleneck for CDMA and it's a necessary step for China Telecom to enter the mobile phone war," said Sandy Shen, a Shanghai-based analyst at Gartner.</P]<P]In China's telecom industry revamp, China Telecom will acquire China Unicom's CDMA business and China Unicom's GSM (global system for mobile communications) will merge with China Netcom, the country's No. 2 fixed-line phone operator.</P]<P]China's CDMA user base is about 42 million, less than 10 percent of the total mobile phone user base. </P]<P]In the United States, the CDMA user base accounted for 52 percent of the total mobile phone market by the end of 2007, according to Gartner, a US-based IT consulting firm.</P]<P]Apart from phones, China Telecome "has to launch value-added and mobile-fixed-convergence services to attract more users to compete with strong rivals China Mobile and new China Unicom," Shen said.</P]<P]ZTE and Huawei have produced low-cost phones for overseas carriers in developing countries, the firms said during previous interviews.</P]<P]Price is an effective weapon as China Mobile added many users through the entry-level phones.</P]lipo battery 电磁流量计 短信群发 搅拌器 ペニーオークション sofa legs seo カード 現金化
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China's Current transformer Geely, Chery Auto to set up Indonesian plants

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China's Geely, Chery Auto to set up Indonesian plantsPublished: 27 Jul 2009 17:53:35 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comSina, E-House plan merger, seek U.S. listingAlibaba, BOC enter long-term e-commerce allianceChina Shenhua Energy starts US$331-mln project in IndonesiaChina's Geely, Chery Auto to set up Indonesian plantsDalian kicks off subway construction<P]Jul. 28, 2009 (China Knowledge) - Geely Automobile Holidngs<0175> and Chery Automobile Co Ltd, two major privately-owned auto makers in China, are planning to build factories in Indonesia, where costs are low, sources reported.</P]<P]Both auto makers have gained approval from local regulators in Indonesia and will invest about US$199.6 million in the new factories. </P]<P]Chery Auto, the largest private auto maker in China, has been working on overseas expansion and has entered the Brazilian market with the launch of its Tiggo SUV in Campinas, an industrial city in southern Brazil. The auto maker earlier said it planned to build a US$700 million plant in Brazil and aimed to sell 3,000 vehicles in the country per year.</P]<P]Hong Kong-listed Geely earlier said it planned to invest some US$30 million to set up distribution and marketing networks in Indonesia, which could become a key market and a base from which it could expand into other markets in Southeast Asia, China Knowledge reported earlier.</P]
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Huaneng Current transformer Power Int'l buys 65% stake in Qidong Windpower

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Huaneng Power Int'l buys 65% stake in Qidong WindpowerPublished: 05 Apr 2009 20:11:27 PST<p class="authorInfor"]</p]<!--begin CK content--]<P]Apr. 6, 2009 (China Knowledge) - Huaneng Power International Inc<600011><902><HNP>, China's largest listed power producer by capacity, on Mar. 31 signed a transfer agreement with an affiliated company, Huaneng New Energy Industry Holding Co Ltd, to acquire a 65% stake in Qidong Windpower.</P]<P]The purchase of the 65% stake will cost Huaneng Power International RMB 103 million in cash, according to the agreement.</P]<P]A total of RMB 946 million has been invested in the first-phase of the Qidong Windpower project, which has a total installed capacity of 91.5 megawatts.</P]<P]The wind farm, which was put into commercial operation in March, is expected to generate 200 million kWh annually, said the company, whose direct shareholder Huaneng Power International Development Co Ltd has 42.03% equity in it.</P]<P]China Huaneng Group holds a 51.98% direct stake and a 5% indirect stake in Huaneng Power International Development. The group also owns an 8.92% direct and indirect stake in Huaneng Power International. <BR]</P]
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Nanshan Current transformer Power seeks settlement with Goldman unit

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Nanshan Power seeks settlement with Goldman unitPublished: 29 Dec 2009 10:02:01 PST<p class="authorInfor"]</p]
By Cong Mu </p]
Shenzhen Nanshan Power said in a statement on its website Tuesday that it refuses to pay the money its derivative contract counterparty has demanded but will try to settle the dispute through negotiations.</p]
Nanshan Power, based in South China's Guangdong Province, said it received two letters from J. Aron, a commodities trading subsidiary of Goldman Sachs, successively. The first letter asked it to pay for the loss resulting from its default plus interest from between November 6, 2008 and November 27, 2009, totaling more than $83.6 million. The second letter waived the interest and required the power plant to pay around $80 million in installments. Nanshan Power did not provide the dates of the letters.</p]
The company said that it does not agree with J. Aron on who is responsible for the default and it is still in consultation with experts and J. Aron regarding the case, though the outcome remains largely uncertain.</p]
The power plant said that J. Aron will send no more letters and reserves the right to seek litigation, while it will make the best effort to resolve the issue through negotiations.</p]
A Goldman spokeswoman declined comment.</p]
Li Delin, author of Get Rid of All the Competitors, a recent book on Goldman, said that although some Chinese officials harshly criticized foreign investment banks for tricking Chinese companies into highly risky bets on commodities, Nanshan Power will be a loser if the matter goes to court, as the contract is meticulously designed and sound.</p]
In March 2008, Nanshan Power, which uses oil to generate electricity, was offered a contract by J. Aron to hedge its positions on 4.8 million barrels of oil, betting that the price would not fall below $62 a barrel by December 31, 2008.</p]
The oil price was above $100 a barrel when the contract was inked and it was expected to go even higher. However, oil started to fell below the $62 level in November, triggering losses of millions of dollars a month by Nanshan Power, which was forced by regulators to end the deal prematurely.</p]
Liu Shengjun, deputy director of CEIBS Lujiazui International Finance Research Center, said the international investment banks are fully capable of reducing their risks in such a bet, such as buying and selling the same hedge contract among clients, while many Chinese companies lack the experience to do so.</p]
Liu also said that the Chinese firms are weak on internal risk control and some managers have a gambler's psychology, which makes them risk company funds for personal gains.</p]
Nanshan Power only has $50.1 million in cash, and if it loses the case, Li said J. Aron will probably seek its 5 percent stake in a $1 billion nuclear power plant in Jiangxi Province.</p]<p align=center] Explore the World, Understand China!
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Chinese stocks open 0.89% lower on WedPublished: 25 Aug 2009 18:23:15 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comJPMorgan cuts stake in ICBC to 4.98%JPMorgan Chase raises stake in Huaneng Power InternationalMainland trade delegation inks US$3.87 bln in deals with TaiwanFIL raises stake in Weiqiao Textile to 7.37%Wellington Management cuts stake in Weichai Power<P]Aug. 26, 2009 (China Knowledge) - Chinese stocks opened lower on Wednesday morning, tracking losses from the previous closing.</P]<P]The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 2,889.74 points, down 0.89% or 26.06 points from the previous closing.</P]<P]The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 0.77% or 89.59 points lower at 11,598.58 points.</P]
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