A stronger day for Chinese stocks, with fifteen rising and only three declining in value. The biggest risers were Noble Group (up 1.91%), and (oddly enough) both China Railway Group (up 1.79%) and China Railway Construction (up 1.60%). Only Sinopec, Bank of Communications and Aluminum Corp of China fell, with the largest decline seen by Aluminum Corp of China, which closed down 1.53%.
The Shanghai Composite Index also closed up, albeit marginally by 3.34 points, or 0.16%, rising in the afternoon after being down all morning.
There is much talk of the fate of the state-owned enterprises (SOEs) during the Third Plenum. We can forget about seeing a “Big Bang” of state divestment. The Russian example of the early 1990s provides a chilling reminder of how not to do it. The collapse of the Soviet Union is always much in the minds of the Chinese leadership.
| Name | Price | Change | Mkt cap |
52wk high | 52wk low | EPS | P/E |
| Sinopec | 4.76 | -0.02 (-0.42%) | 554,850.76M | 6.39 | 4.05 | CN¥0.62 | 7.74 |
| ICBC | 3.84 | +0.02 (0.52%) | 1.35B | 4.53 | 3.4 | CN¥0.74 | 5.22 |
| China Construction Bank | 4.33 | +0.02 (0.46%) | 1.08B | 5.19 | 3.82 | CN¥0.85 | 5.12 |
| Agricultural Bank | 2.55 | 0.00 (0.00%) | 828,224.98M | 3.28 | 2.38 | CN¥0.50 | 5.08 |
| Bank of China | 2.79 | 0.00 (0.00%) | 778,824.25M | 3.26 | 2.48 | CN¥0.53 | 5.25 |
| China Mobile | 81.45* | +0.95 (1.18%) | 1.64B | 91.8 | 74.9 | HK$8.14 | 10 |
| Noble Group | 1.07 | +0.02 (1.91%) | 7,070.06M | 1.27 | 0.785 | SGD0.05 | 23.42 |
| China State Construction | 3.24 | +0.01 (0.31%) | 97,200.00M | 4.18 | 2.9 | CN¥0.62 | 5.26 |
| CNOOC | 15.48* | +0.20 (1.31%) | 691,142.60M | 17.38 | 12.04 | HK$1.88 | 8.23 |
| China Railway Construction | 5.09 | +0.08 (1.60%) | 62,798.09M | 6.49 | 3.95 | CN¥0.81 | 6.3 |
| China Railway Group | 2.84 | +0.05 (1.79%) | 60,491.71M | 3.38 | 2.3 | CN¥0.44 | 6.48 |
| SAIC Motor | 14.78 | +0.08 (0.54%) | 162,957.87M | 19 | 11.83 | CN¥2.05 | 7.2 |
| New China Life Insurance | 22.02 | +0.01 (0.05%) | 68,692.42M | 32.36 | 17.63 | CN¥1.46 | 15.07 |
| Dongfeng Motor | 11.42* | +0.14 (1.24%) | 98,396.09M | 13.26 | 9.36 | HK$1.37 | 8.35 |
| Ping An Insurance | 36.25 | +0.17 (0.47%) | 286,960.15M | 53.27 | 31.69 | CN¥3.45 | 10.51 |
| China Telecom | 3.97* | +0.06 (1.53%) | 321,301.50M | 4.46 | 3.48 | HK$0.26 | 15.47 |
| China Communications Construction | 4.15 | +0.02 (0.48%) | 67,125.15M | 5.79 | 3.8 | CN¥0.81 | 5.13 |
| Bank of Communications | 4.13 | -0.01 (-0.24%) | 306,705.07M | 5.68 | 3.68 | CN¥0.84 | 4.9 |
| Jardine Matheson | 52.7 | +0.29 (0.55%) | 16,126.20M | 70 | 51.02 | 4.59 | 11.49 |
| Aluminum Corp. of China | 3.87 | -0.06 (-1.53%) | 52,339.77M | 5.38 | 3.01 | -CN¥0.42 |
