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China Stocks: Anhui Jianghuai, CSR, Xining Special Steel

Aug. 3 (Bloomberg) -- Shares of the following companies had unusual moves in China trading. Stock symbols are in parentheses and prices are as of the 3 p.m. close.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, fell less than 0.1 percent to 2,678.49. The CSI 300 Index dropped 0.1 percent to 2,954.87.

Automakers: Anhui Jianghuai Automobile Co. (600418 CH) lost 1.7 percent to 9.67 yuan, the lowest since May 30. Chongqing Changan Automobile Co. (000625 CH) declined 0.8 percent to 4.84 yuan.

China may raise fuel-efficiency requirements used for determining if small cars are eligible for a 3,000-yuan ($466) subsidy, the Economic Information Daily reported, citing unidentified people. The change will affect about half of the 427 car models that currently benefit from the subsidy and vehicle sales may decline this year it it’s implemented, the Beijing-based newspaper said.

CSR Corp. (601766 CH), the nation’s largest train maker, declined for a fourth day, losing 0.9 percent to 5.44 yuan, the lowest since Sept. 27. CSR postponed a shareholders’ meeting to vote on a share-sale plan to Sept. 29, from Aug. 5, according to a statement to the Hong Kong Stock Exchange. The company said in June it plans to sell 11 billion yuan of new shares to its government-owned parent and the country’s social security fund.

Xining Special Steel Co. (600117 CH) advanced 2.2 percent to 11.05 yuan. The Chinese steelmaker’s net income tripled to 232 million yuan in the first half, from 77.2 million yuan a year earlier, according to a statement to the Shanghai Stock Exchange.

To contact Bloomberg News staff for this story: Irene Shen in Shanghai at ishen4@bloomberg.net

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

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