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China Life, GD Power, Vanke, Zijin: 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, gained 51.15, or 2.1 percent, to 2,475.42. The CSI 300 Index rose 2.5 percent to 2,682.47.

Developers: Home prices in the Chinese cities of Beijing, Shanghai, Tianjin, Guangzhou and Shenzhen may decline 20 percent from current levels in the second half, the China Business News reported today, citing real estate broker Centaline Property Agency Ltd.

China’s banking regulator has called on local authorities to step up inspections of property loans, the Shanghai Securities News reported today, citing an unidentified official with the China Banking Regulatory Commission.

China Vanke Co. (000002 CH), the nation’s biggest listed property developer, gained 1.6 percent to 7.74 yuan. Poly Real Estate Group Co. (600048 CH), the second largest, added 2.9 percent to 11.59 yuan.

Insurance companies: China’s insurance companies posted first-half premiums of 799.9 billion yuan ($118 billion), an increase of 33.6 percent from a year earlier, Zhang Zhongning, head of the press division at the China Insurance Regulatory Commission, said in Beijing yesterday.

China Life Insurance Co. (601628 CH), the nation’s biggest insurer, rose 2.8 percent to 22.94 yuan. China Pacific Insurance (Group) Co. (601601 CH), the third-largest, added 3.4 percent to 21.64 yuan.

Beiqi Foton Motor Co. (600166 CH): China’s biggest commercial-vehicle maker said it has received regulatory approval for a plan to issue A-shares via private placement. Beiqi Foton gained 3.7 percent to 18.82 yuan.

Changsha Zoomlion Heavy Industry Science & Technology Development Co. (000157 CH): China’s second-biggest maker of concrete-handling machinery said its controlling shareholder, the Hunan branch of the State-owned Assets Supervision and Administration Commission, bought 4.2 million, shares, or 0.21 percent of the outstanding shares, from July 12 to July 16. The shares advanced 7.6 percent to 21.95 yuan.

China Eastern Airlines Corp. (600115 CH): The nation’s second-largest carrier said it has selected the CFM56-5B engine for 30 new Airbus A320 aircraft. The shares advanced 4.9 percent to 6.92 yuan.

GD Power Development Co. (600795 CH): The largest electricity producer in northeastern China said its board approved a plan to raise up to 9.7 billion yuan to fund the purchase of assets from its parent. GD Power gained 1.2 percent to 3.36 yuan.

Huayu Automotive Systems Co. (600741 CH): The company said profit in the first half of this year will more than double from a year ago on higher orders, according to a statement it issued to the Shanghai exchange. Huayu rose 1 percent to 8.96 yuan.

SAIC Motor Corp. (600104 CH): China’s largest carmaker said its first-half net income may have more than quadrupled from a year earlier after vehicle sales rose. The stock gained 3 percent to 14.24 yuan.

Sdic Xinji Energy Co. (601918 CH): The coal producer said profits in the first six months probably rose 32 percent to 642 million yuan as sales surged. The shares gained 4.8 percent to 11.46 yuan.

Shanxi Xinghuacun Fen Wine Factory Co. (600809 CH): The company said first-half profit may have gained 45 percent from a year earlier to 334 million yuan. The shares fell 0.1 percent to 45.70 yuan.

Tongling Nonferrous Metals Group Co. (000630 CH): China’s second-largest copper smelter said it will sell 1.2 billion yuan of debt, or 59 percent of its planned 2 billion yuan sale of convertible bonds, to the public via an Internet lottery. Shares rose 2.7 percent to 14.99 yuan.

Zijin Mining Group Co. (601899 CH): China’s largest gold producer said it expressed “deep regret” for a leak of acid-laced water from its largest mine. Separately, Zijin said it will actively cooperate with the Fujian branch of the China Securities Regulatory Commission which is investigating a possible breach of rules by the company concerning information disclosure. The stock slipped 0.2 percent to 5.21 yuan.

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