China Financial News Headlines

Sales Volume increased 20% on Mid-autumn Festival
Yesterday, the reporter learned from the supermarket that the Sales Volume increased 20% approximately on Mid-autumn Festival of 2008.

Huiyuan: Coca cola has not submitted the Application
The vice president and chief financial officer of Huiyuan, Wu Yuqiang said that the only obstacle was to get the approval from relevant authorities, but Coca-Cola has not yet submitted the application in respect of the transaction.

Chinese Communication Service makes 567 million Earnings in this half year
The supplier of Telecommunications supporting service, Chinese Communication Service (00552) yesterday announced that in the first half of this year, the earnings of shareholders reach 567 million yuan, which increases 11.3%.

Other News:

A: In August, there were six foreign investment institutions having been granted QFII qualification.

B:Space Communications announced that the issuance validity of non-publicity issuance stock project had expired, so the project was automatically invalid.

C:International oil prices fell below 100USD, which created the lowest point in these seven months.

D: Lehman Brothers applied for bankruptcy protection, while Merrill Lynch also agreed to be sold to Bank of America with 44 billion USD. The bankruptcy will hit China.

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