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Microcap & Penny Stocks : China stocks CIND,CHRB.

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To: David You who wrote (202)12/27/1996 11:40:00 AM
From: Tony Grier   of 303
 
Form 10-C for CHINA RESOURCES DEVELOPMENT INC filed on Dec 26 1996

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-C

REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ

INTERDEALER QUOTATION SYSTEM

FILED PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17

OR 15d-17 THEREUNDER

China Resources Development, Inc.
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(Exact name of issuer as specified in charter)

23/F Office Tower, Convention Plaza
1 Harbour Road, Wanchai, Hong Kong
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(Address of principal executive offices)

Issuer's telephone number, including area code 011-852-2537-6689
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I. CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number
of shares outstanding:

1. Title of security Common Stock, par value $0.001 per share
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2. Number of shares outstanding before the change 82,833,414
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3. Number of shares outstanding after the change 89,789,968
-----------------------------
4. Effective date of change December 13, 1996
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5. Method of change:

Specify method (such as merger, acquisition, exchange, distribution,
stock split, reverse split, acquisition of stock for treasury, etc.)

Issuance of Common Stock upon conversion of Series B Convertible
------------------------------------------------------------------
Preferred Stock.
-------------------------------------------------------------
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