GS 高盛：每日中国报告 09.21

China-Daily-Insights 09.21 11页

Today’s focus
Asia Economics Flash: Introducing the Goldman Sachs China Commodity Index
China BlueChemical (3983.HK) Buy: Jincheng JV for coal-based urea +ve; A-share sooner?; upside risks
China: Energy: Oil: Price freeze -ve for local refiners, +ve for global oil/refining macro
Dynasty Fine Wines (0828.HK): 1H07 no surprise; earnings growth on lower A&P spending
Tianjin Development Holdings (0882.HK): 1H07 in-line with our est; new guidance on potential investments
Headline news
China Bankers' Confidence Falls to Record Low in Third Quarter (Bloomberg)
Listed companies to issue over 30b yuan corporate bonds (China Daily)
Central SOEs return 17b yuan from 2006 profits (China Daily)
Asset management firms launch commercial operations (Shanghai Daily)
Market's inexperience set to derail new products' launch (Shanghai Daily)
Asia Economics Flash: Introducing the Goldman Sachs China Commodity Index, Yu Song