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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (36851)	8/1/2003 10:51:44 AM
From: RealMuLan	Read Replies (1) \| Respond to of 74559

China aims to cool off land investment fever Reuters Beijing, August 1 China, worried by rampant land speculation and investment overheating, is putting the brakes on new development zones to protect arable land being consumerd by a building rush by local officials, state media reported on Friday. hindustantimes.com China to Crack down on Illegal Land Use The Chinese government has called an indefinite suspension of applications to establish or extend land development zones, and warned those responsible for illegal developments will be severely punished. english.peopledaily.com.cn China Starts Work On Its Biggest Natural Gas Pwr Station BEIJING (Dow Jones)--China has begun work on the country's biggest natural gas-fired power station as part of the nation's continued shift away from an over-reliance on coal. Huaxing Power Co. is to invest 2.5 billion yuan ($1=CNY8.28) in the construction project in the Yangtze delta province of Jiangsu, the official Xinhua News Agency reported Friday. The power station near the city of Zhangjiagang will consume 700 million cubic meters of natural gas each year supplied from a West-East gas pipeline currently under construction, the report said. sg.biz.yahoo.com Thursday July 31, 9:48 AM China's First Gold Producer IPO Subscribed 824 Times SHANGHAI (Dow Jones)--China's first initial public offering by a gold producer was 824 times subscribed, the lead manager of the IPO said Thursday. Zhongjin Gold Corp., a unit of China's largest gold-mining firm, is looking to raise 405 million yuan ($1=CNY8.28) by issuing 100 million A shares. China Galaxy Securities, the lead manager, said in an announcement published in the Shanghai Securities News that investors subscribed to 82.40 billion shares in the one-day IPO subscription on Wednesday. Zhongjin Gold will be the first publicly listed gold company on China's stock exchange. sg.biz.yahoo.com BEIJING, China (Reuters) -- China plans to set up six regional power markets in three years to break up provincial barriers and and force generators to compete, the official China Daily says. The State Electricity Regulatory Commission (SERC), the industry watchdog, has hammered out rules on building such markets, the newspaper said Friday. Under the plan, power companies would sell part of their electricity through market-driven bidding, a departure from the current system that guarantees profits, it said. SERC would cap the highest and lowest prices in the bidding, preventing the prices from fluctuating too much. Qualified large electricity users would be allowed to buy electricity directly from generators. edition.cnn.com China to set up six regional electric power markets atimes.com World unites to fight China's yuan Commentary: Bet on Beijing letting currency appreciate By Allen Wan, CBS.MarketWatch.com Last Update: 4:19 AM ET Aug. 1, 2003 cbs.marketwatch.com