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Anhui Conch, China Life, Evergrande: Hong Kong Equities Preview

The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.

The Hang Seng Index (HSI) rose 3.3 percent to 20,260.10. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, jumped 4.7 percent to 10,944.17.

Banks: China’s banking regulator may require the nation’s systemically important banks to have a minimum capital adequacy ratio of 11.5 percent by the end of 2013, the Shanghai Securities News reported today, citing draft rules from the China Banking Regulatory Commission.

Industrial & Commercial Bank of China (601398) Ltd. (1398 HK), the nation’s biggest lender by market value, gained 4.9 percent to HK$5.13. China Construction Bank Corp. (939) (939 HK), the second- largest, rose 4.9 percent to HK$5.54.

Property developers: Property sales in 18 of 35 Chinese cities surveyed fell last week, according to Soufun Holdings Ltd., a real estate website owner.

China Resources Land Ltd. (1109) (1109 HK), a state-controlled developer, rose 3.2 percent to HK$13.66. China Overseas Land & Investment Ltd. (688) (688 HK), controlled by the nation’s construction ministry, gained 2.1 percent to HK$16.80.

Anhui Conch Cement Co. (914 HK): The nation’s largest cement producer said first-half net income more than tripled to 6 billion yuan ($939 million) from a year earlier. The shares surged 7.3 percent to HK$35.10.

China Coal Energy Co. (1898 HK): The coal producer said commercial coal production volume in July rose 11 percent to 8.59 million metric tons from a year earlier. The stock gained 4.1 percent to HK$9.36.

China Life Insurance Co. (2628 HK): The nation’s biggest insurer by market value said premium income for the seven months ended July 31 was 215.3 billion yuan. The stock gained 6.1 percent to HK$23.55.

Evergrande Real Estate Group Ltd. (3333) (3333 HK): The Guangzhou- based developer said net income for the first six months of 2011 may have a “significant increase” from a year earlier. The stock gained 2.7 percent to HK$4.89.

Greenfield Chemical Holdings Ltd. (582) (582 HK): The maker of liquid coatings said it expects a “considerable” reduction in first-half profit in part due to rising debt-financing costs. The stock was unchanged at HK$1.60.

Haier Electronics Group Co. (1169 HK): The maker of washing machines and water heaters said its first-half revenue and profit are expected to have “substantial increases” from a year earlier. The stock rose 2.1 percent to HK$8.85.

Semiconductor Manufacturing International Corp. (981) (981 HK): China’s biggest chipmaker by market value said Chief Operating Officer Simon Yang resigned. The stock sank 4.1 percent to 35.5 Hong Kong cents.

To contact the reporter on this story: Kana Nishizawa in Hong Kong at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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