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China Railway, Yangtze Power, Huaneng: China Equity Preview

The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, climbed 0.1 percent to 2,823.45. The CSI 300 Index was little changed at 3,136.02.

China Railway Group Ltd. (601390 CH): The world’s second- largest publicly traded heavy construction company said in a Shanghai stock exchange statement that 11.95 billion of its A shares will become tradable on Dec. 6. The stock rose 0.9 percent to 4.29 yuan.

China Yangtze Power Co. (600900 CH): China’s biggest hydro dam operator said it plans to invest $168 million to buy a stake in OAO EuroSibEnergo as a “cornerstone” investor for the Russian utility’s planned initial public offering in Hong Kong. The stock rose 2.1 percent to 7.73 yuan.

Huaneng Power International Inc. (600011 CH): China ordered a freeze in 2011 contract prices for coal used by power stations to help electricity generators cover higher costs, the official Xinhua News Agency reported. Huaneng Power is the listed unit of China’s largest power producer. The stock rose 2.8 percent to 5.98 yuan.

PetroChina Co. (601857 CH): The biggest Chinese oil company may boost the annual natural gas production at its Changqing oilfield 5.5 percent to 20 billion cubic meters this year from a year earlier, the official Xinhua News Agency reported. The stock dropped 0.9 percent to 10.97 yuan.

Shanghai Electric Power Co. (600021 CH): The Shanghai-based power producer said one of its power plants jointly owned with Shenergy Co. in Shanghai started operating. The stock gained 1.5 percent to 4 yuan.

--Irene Shen, Wang Ying. Editor: Glenn J. Kalinoski

To contact Bloomberg News staff for this story: Irene Shen in Shanghai at +86-21-6104-3049 or ishen4@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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