GS 高盛-中国每日报告 08.15

China-Daily-Insights 08.15 10页

Today’s focus
Asia Pacific: Portfolio Strategy: Index Strategy: Still baby steps to HSI-50
Asia Economics Data Flash: China data: Retail sales growth picked up in July on the back of higher inflation
Yanlord Land (YNLG.SI): 1H07 results review: On track to deliver solid 2007 earnings growth
Netease (NTES): 2Q07 results: Tepid revenue, higher costs, challenging outlook
Huaneng Power International (H) (0902.HK): In-line 1H07 results: investment income offset margin erosion
Headline news
China to reveal limited subprime losses (Financial Times)
China to issue 600b yuan special T-bonds (China Daily)
Securities dealers vying for brokerage business (China Daily)
China's Factory Spending Likely Grew 26.8 Percent, Survey Shows (Bloomberg)
Stock regulator to clean up idle stock accounts (Shanghai Daily)
Asia Pacific: Portfolio Strategy: Index Strategy: Still baby steps to HSI-50, Kenneth Kok, CFA
• What's happened? HSI Services (HSIS) announced on Monday, August 13, the results of the quarterly rebalancing for the Hang Seng Index (HSI) and semi-annual rebalancing for the Hang Seng Composite Index (HSCI), of which the Hang Seng China Enterprises Index (HSCEI) is part. Changes announced will take effect as of close of September 7 (or open on September 10).
• What are the changes? Bank of Communication