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To: Brent Gilbertson who wrote (1225)	9/6/1999 11:16:00 PM
From: Gene Reardon	Respond to of 1567

From Tuesdays South China Morning Post. Internet issues grab focus STEPHEN SEAWRIGHT and HUI YUK-MIN (excerpts) Hong Kong's blue chips rose 1.57 per cent yesterday on the back of Wall Street's rally on Friday - but the day's biggest action was in the Internet-related plays. China plays led gains among Hang Seng Index constituents, with Guangdong Investment rising 3.92 per cent to $1.59, China Telecom 3.01 per cent to $23.95 and China Resources 2.45 per cent to $12.50. Brokers said this reflected improving sentiment towards mainland-related stocks as talks on Beijing's admission to the World Trade Organisation were expected to resume shortly. "People are trying to find China-related companies because people are assuming that WTO talks will resume after the [Asia-Pacific Economic Co-operation] meeting," Celestial Asia Securities research analyst William Li Kin-tung said. The biggest gainer of the day was New World Cyberbase new shares, which soared 65.49 per cent to $2.35 as rumours surrounded the company's next move. The company's old share was the second highest gainer, by 54.26 per cent to $1.99. The firm attracted attention because of its Internet business, and since it has lagged behind CyberWorks, which has nearly doubled in the past month. New shares in China Online - formerly Star Telecom - surged 43.22 per cent to 27.5 cents amid rumours that the company was going to place some of its 265.9 million CyberWorks shares, not bound by the lock-up agreement announced last month.

To: Brent Gilbertson who wrote (1225)	9/6/1999 11:18:00 PM
From: Gene Reardon	Read Replies (2) \| Respond to of 1567

Muzi Lateline News (http://www.latelinenews.com): 9/6/99] (excerpts) BEIJING - After a four-month hiatus, Chinese and U.S. trade officials resumed talks Monday on China's bid to enter the World Trade Organization, a U.S. official said. ''We're doing some stocktaking, just looking to see where we are on WTO negotiations,'' Cassidy told Associated Press Television News before Monday's meetings with his Chinese counterparts. Cassidy declined to comment after the meetings. There is pressure to try to reach a deal by Saturday, when President Clinton and Chinese President Jiang Zemin are scheduled to join a summit of Pacific Rim leaders in New Zealand. Cassidy refused to comment on the prospects for an agreement by then. Chinese officials refused to answer questions Monday, as is often the case during negotiations. ''We will let you know whenever it is time to let you know,'' said a Ministry of Foreign Trade and Economic Cooperation spokesman who gave only his surname, Zhao.