<P><FONT face=黑体 size=6><STRONG>GS 高盛：中国每日报告 06.19  </STRONG></FONT></P>
<P><FONT face=黑体 size=6><STRONG>China-Daily-Insights    06.19    10页</STRONG></FONT></P>
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<P><STRONG><FONT face=黑体 size=4>Today’s focus<BR>SINA Corporation (SINA): Branded advertising solid, raising estimates for search advertising<BR>Sohu.com (SOHU): Branded advertising smooth, search still bumpy<BR>China Communication Services (0552.HK): 13 provinces injected but asset size/accretion smaller than expected<BR>China Construction Bank (0939.HK): Est. c. Rmb14 bn special dividends in 07 before A-share offering<BR>China Medical Technologies (CMED): FY2007 results: Slightly surpassed guidance; no major surprises<BR>Headline news<BR>Tsang backs cross-border share trade (Financial Times)<BR>Banks curbing excessive growth in credit supply (China Daily)<BR>Overseas enterprises must pay land use tax (China Daily)<BR>Chinese economist: Four factors bolster China's economic growth (Xinhua)<BR>China punishes eight banks for slack supervision (Xinhua)</FONT></STRONG></P>