China's SOE profits hit US$248 billion

China's SOE profits hit US$248 billion

The Ministry of Finance said the total profits of Chinese state-owned enterprises (SOEs) reached RMB1.53 trillion (US$248.62 billion) in the first eight months of this

Jane Yang broker at Ceres Ltd

year. The figure represents a 9.7% year on year increase, and the electronics, electricity, oil refining, construction, and property sectors recorded relatively fast profits during the period. Total business revenues of China's SOEs reached RMB29.59 trillion (US$4.83 trillion) in the past eight months, 11% higher than the same period of last year.

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China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China and Jordan ink US$ 2.5billion oil shale deal

David Nealis President of Ceres Ltd

China and Jordan ink US$2.5 billion oil shale deal

A consortium of Chinese and Jordanian power firms will be building a US$2.5 billion oil shale-fired power plant in Jordan following the signing of an MOU between China and Jordan. The deal was sealed during the visit of Jordan's King Abdullah II in Beijing. A consortium of China's Shandong Electric Power Construction Corporation (SEPCO III) and HTJ Group as well as Jordan's Al-Lajjun Oil Shale Company will build the power station in the southern city of Karak, with the aim of producing 900 mW of electricity, according to Chinese State Media.

This will be a very interesting project to watch, it’s my understanding that the Chinese oil firms lack the technology to properly extract shale oil.

To Trade Global and Chinese Futures Contact Us info@ceres888.com

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Beijing Switzerland trade volume exceeds US$16.3 billion

David Nealis President of Ceres Ltd in Switzerland

Beijing City to Switzerland trade volume exceeds US$16.3 billion

Beijing's deputy mayor Cheng Hong said total trade volume between Beijing and Switzerland from January to June has surpassed US$16.3 billion. Cheng made the pronouncement in Geneva during the Geneva-Beijing Economic Forum, which was attended by more than 40 Swiss enterprises. According to the Beijing official, a total of 220 Swiss companies are operating in Beijing and the economic cooperation between Beijing and Switzerland is expected to further grow in the coming years. Beijing and Switzerland are cooperating in the fields of education, medical care, and luxury industries.

CNOOC debuts on Toronto Stock Exchange

CNOOC debuts on Toronto Stock Exchange 

The China National Offshore Oil Corp Ltd fulfilled one of the requirements for its

David Nealis President Ceres Ltd.

USD15.1billion acquisition of Canadian oil-and-gas firm Nexen Inc by debuting on the Toronto Stock Exchange. CNOOC is now listed as CNU on the TSX. It has received approval to trade American Depositary Receipts equal to 100 common shares of CNOOC. There will be no new shares issued, nor will these generate more funds for the state-owned Chinese firm. CNOOC CEO Li Fanrong and Chairman Wang Yilin said this demonstrates CNOOC’s commitment to transparency. 

To Trade Global and Chinese Futures Contact Us info@ceres888.com

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Competition between oil majors knocks Sinochem out

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ONGC & Shell's purchase of Brazilian oil field stake blocks Sinochem

Oil & Natural Gas Corp of India (ONGC) and London-based Royal Dutch Shell will boost their stakes in an oil field in Brazil, effectively blocking Chinese oil-and-chemicals firm Sinochem’s bid for the asset. ONGC Videsh Ltd, ONGC’s overseas investment unit, informed Petroleo Brasileiro SA (Petrobras) it would exercise its pre-emptive rights in the Parque das Conchas oil field – increasing its stake by 12% to 27% for US$500 million. Shell had already exercised its pre-emptive rights and will soon increase its stake to 73% from the current 50% in Parque das Conchas.

To Trade Global and Chinese Futures Contact Us info@ceres888.com

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China digs deeper into Africa via banking

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China digs deeper into Africa via banking

The Eastern and Southern African Trade and Development Bank (PTA Bank) has approved China’s request to increase its share in the bank and also opens the opportunity for other nations to join PTA Bank.  The decision was made at the end of the bank's 29th yearly general meeting in the Ethiopian capital of Addis Ababa. China was the first non-African member of PTA Bank, though Brazil, South Korea, Malaysia, and Belarus are now in the process of joining.

To Trade Global and Chinese Futures Contact Us info@ceres888.com

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

6 foreign hedge funds to operate in China

6 foreign hedge funds to operate in China 

David Nealis President of Ceres Ltd

Shanghai regulators have reportedly agreed to allow a group of American and British hedge funds to operate in China as part of a pilot program, the New York Times reported. But only one of the reported six funds has confirmed the report. The Man Group, a London-based alternative investment management company, said the approval is just the first step. The New York Times quoted sources as saying that the funds, which include Oaktree, Och-Ziff, Citadel, and Canyon Partners, all of the US, and British Winton Capital, are expected to be able to raise USD50m each from Chinese companies to invest around the world. 

To Trade Global and Chinese Futures Contact Us info@ceres888.com

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

CNPC and Venezuela work jointly on US$14 billion oil project

CNPC and Venezuela work jointly on US$14 billion oil project 

David Nealis President Ceres Ltd

China National Petroleum Corp and Venezuela will work jointly on a US$14 billion development project in the South-American nation’s Orinoco heavy oil belt. This was one of the investment deals that Venezuelan officials agreed prior to President Nicolas Maduro's visit to China on 21 September. China has granted Venezuela roughly US$40 billion in loans the past several years. China in return gets 600,000 barrels of oil each day and has gained access to the immense natural resources of Venezuela.

To Trade Global and Chinese Futures Contact Us info@ceres888.com

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Mexico reportedly locks in 2014 oil price

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Mexico reportedly locks in 2014 oil price
Mexico reportedly locked in a minimum price of slightly more than $90 per barrel for its 2014 oil exports. The country's oil-hedging program relies on buying options from banks, according to a report by Reuters.

To Trade Global and Chinese Futures Contact Us info@ceres888.com

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China and Kyrgyzstan upgrade their relationship to strategic partnership

David Nealis President of Ceres Ltd.

China and Kyrgyzstan upgrade their relationship to strategic partnership

China and Kyrgyzstan agreed to upgrade their ties to a strategic partnership level and also to increase cooperation on security issues due the concern of rising radical Islamic fundamentalism in the region.

The upgrade means China has established strategic partnerships with all five Central Asian nations, paving the way for consolidated security and economic cooperation between China and the neighboring central Asian region.

Presidents Xi Jinping of China and Almazbek Atambaev,President of Kyrgyzstan announced the upgrade in ties after a meeting this month. Xi arrived in Bishkek for his first state visit there and to attend a Shanghai Cooperation Organization summit. It was his last stop of his first Central Asian trip, which had taken him to Turkmenistan, Kazakhstan and Uzbekistan.

The Central Asian country with a population of 5.6 million borders the Xinjiang Uygur autonomous region. Some of the terrorists and organized crime groups in Kyrgyzstan have connections to groups in Xinjiang, China.

In a speech at Kazakhstan's Nazarbayev University on Saturday, Xi proposed establishing the economic belt, similar to the original, ancient Silk Road of more than 2,000 years ago, to boost cooperation between China and Eurasian countries, which have a combined population of 3 billion.

The presidents witnessed the signing of documents, including an agreement on the construction and operation of the Kyrgyzstan-China gas pipeline, which will be a key part of the fourth Turkmenistan-China natural gas pipeline is vital to China's domestic gas supply. The two nations also pledged to strengthen cooperation on energy and electric grid projects.

The two sides also vowed to boost cooperation in communications and transportation, and study the possibility of establishing cross-border infrastructure facilities.

China is Kyrgyzstan's largest importer and second-largest trading partner. Two-way trade reached $5.16 billion in 2012.

To Trade Global and Chinese Futures Contact Us info@ceres888.com

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Houston aims to improve ties with China

Houston aims to improve ties with China

David Nealis President of Ceres Ltd.

Houston, the fourth largest US City, is seeking to further expand its ties with China.  Trade between Houston and China totaled US$12.9 billion in 2012. Houston’s Mayor Annise Parker told Xinhua News that the city aims to attract further Chinese investors, a task made easier by a new non-stop flight between Houston and Beijing. Parker said the city is committed to expanding its cooperation and exchanges with China, not only in business, but also in cultural and civic fields.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Chinese Regulators approve Iron-ore futures

Jane Yang and David Nealis of Ceres in Dalian China

CSRC approves Dalian exchange's iron-ore futures 

The China Securities Regulatory Commission granted Dalian Commodity Exchange approval to debut China's first iron-ore futures. Dalian's product will distinguish itself by being the only physically backed derivatives contract, as opposed to Singapore Exchange's and CME Group's cash-settled products

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

HSBC and Standard Chartered invited to Shanghai Free Trade Zone

HSBC and Standard Chartered invited to Shanghai Free Trade Zone

The Shanghai bureau of the China Banking Regulatory Commission (CBRC) has reportedly invited foreign banks HSBC and Standard Chartered to be among the first banks to open businesses in the mainland's first free-trade zone located in Shanghai. The two foreign banks, which have conducted business in China for more than a century, have often been selected to take part in the country's banking and financial innovations. Standard Chartered and HSBC both said they are committed to building a presence in the zone. 

If your financial firm is looking for growth – SHANGHAI is the place you need to be!

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

There are more than 300 Chinese billionaires

There are more than 300 Chinese billionaires

According to the Huran report which follows China’s wealthy, the number of Chinese people worth at least US$1 billion this year has reached 315, which is 64 more than last year. According to the report there were none ten years ago.  The report also noted that the top five richest in China saw their wealth double this year, and that one in four of the people on the Hurun Rich List made their money from real estate. Wang Jianlin was ranked No. 1 for the first time on Hurun's annual list of Chinese tycoons.

Let’s hope being on the Huran report doesn’t negatively affect the people on the list.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China to buy US$5 billon stake in Kazakhstan oilfield

China to buy US$5 billon stake in Kazakhstan oilfield

David Nealis Ceres Ltd.

Chinese President Xi Jinping has agreed to a US$5 billion deal that would give state-owned China National Petroleum Corp (CNPC) 8.33% stake in Kazakhstan's giant Kashagan oilfield. Xi struck the deal with Kazakh President Nursultan Nazarbayev during his visit to Kazakhstan. The Kashagan oilfield, which located in the oil rich Caspian Sea, has an estimated reserve of 35 billion barrels. The field is expected to produce its first oil this year. The US$5 billion, 8.33% stake in Kashagan will be purchased by China from US oil firm ConocoPhilips.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

McLaren opens first China dealership

McLaren opens first China dealership

McLaren Automotive Ltd.’s the UK-based racing-car manufacturer launched its very first dealership in the China in the city of Shanghai. It also announced it plans to add three more this month in Beijing, Chengdu, and Guangzhou. McLaren CEO Mike Flewitt said that they will open two other dealerships in China in the early part of 2014.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China and Tajikistan to accelerate construction of gas pipeline

David Nealis President of Ceres Ltd.

China and Tajikistan to accelerate construction of gas pipeline

The construction of Line D of the China-Central Asia gas pipeline will be accelerated after China and Tajikistan signed a deal to increase cooperation of the gas pipeline from Tajikistan to China.

 Chinese President Xi Jinping and President Emomali Rakhmon of Tajikistan also agreed to expand cooperation in the fields of mineral resources exploration, agriculture, and transport infrastructure while Xi and Rakhmon are in Bishkek for the 13th meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization. 

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China and Hungary sign currency-swap agreement

China and Hungary sign currency-swap agreement

The People's Bank of China revealed on September 9^th that it has signed a RMB10 billion (US$1.62 billion) currency-swap deal with Hungary’s central bank. China’s State Council has approved the three-year agreement which can be extended should both parties wish. According to a PBOC statement, the agreement seeks to reinforce bilateral financial cooperation, encourage trade and investment, and mutually sustain regional financial stability.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Fonterra to open second hub in China

Fonterra to open second hub in China

The world's largest exporter of dairy products, Fonterra, has announced plans to open a second dairy hub in China.  The hub is planned for Ying County in Shanxi Province, and will have 15,000 cows. This second farming hub aims to meet the growing demand for fresh milk in China, The Ying County hub will consist of five 3,000 cow farms. Fonterra said production is expected to start in the first half of next year.

Fonterra is recovering from a recent false botulism scare, which was highly publicized in the Chinese press. 

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China gives US$ 3 billion of energy credits for Kyrgyzstan

China gives US$ 3 billion of energy credits for Kyrgyzstan

David Nealis President Ceres Ltd

During a recent state visit by China’s President Xi Jinping to Kyrgzstan, the Chinese government approved credits worth over US$3 billion for energy projects in the central Asian nation.  Kyrgyz Economy Minister Temir Sariyev said that US$ 1.4 billion of credits will be spent on a 225km Kyrgyzstan-China gas pipeline that will transport gas from Turkmenistan to the Chinese city of Kashgar on China’s border with Kyrgyzstan and Tajikistan.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

China to become world's 3rd largest natural gas producer in 2035

David Nealis President of Ceres Ltd.

China to become world's 3^rd largest natural gas producer in 2035

At the 2013 China International Pipeline Conference in Langfang City, Hebei Province China, the International Gas Union (IGU) announced that China will see a sharp increase in natural gas production triggered by the country's huge demand.  By 2035 it will be the world’s third-largest natural gas producer, behind Russia and the United States. In 2012, China's natural gas production volume rose 6.7% year on year to 106.7bn m³. The country now has more than 55,000 km of natural gas pipelines, according to the IGU.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Despite concern over bad debts, Chinese banks beat market forecasts

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Despite concern over bad debts, Chinese banks beat market forecasts

China’s banks are now seeking to improve their balance sheets for an anticipated increase in bad loans alongside weaker profit growth. Executives from China's major banks, including the Bank of China (BOC), the Industrial and Commercial Bank of China (ICBC) and the China Construction Bank (CCB) have raised concerns this week over their growing number of bad debts.   "Though our nonperforming loan ratio has been held below 1%, we still face big pressure from rising bad loans," said CCB Chairman Wang Hongzhang earlier this week. And ICBC President Yi Huiman said while ICBC would remain cautious against a potential pickup in bad loans, the bank’s non-performing loans are still well managed.
 Though many analysts believe that the Chinese banking industry has been hit by overcapacity, strained by lending to local governments and State owned enterprises, all of China's major banks reported interim results better than market forecasts.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

Chinese investors retreat from US$3 billion deal in Afghanistan

Chinese investors retreat from US$3 billion deal in Afghanistan

David Nealis President of Ceres Ltd
www.ceres888.com

Jiangxi Copper and China Metallurgical Group are seeking to review a US$3 billion copper production contract in Afghanistan, China’s Ministry of Mines reported. 

According to reports, Jiangxi Copper and China Metallurgical Group are demanding new terms that would slash the royalties they have to give the Afghan government, also freeing them of their agreed obligation to build a copper smelter and a power plant, as well as pushing back the schedule for the laying of a railway in Afghanistan. The Afghan President is expected to travel to China to discuss this development and try to save the deal. 

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition

Sinopec's giant coal-gas conversion project gets Beijing’s approval

David Nealis President of Ceres Ltd
www.ceres888.com 

Sinopec's giant coal-gas conversion project gets Beijing’s approval

China's second-largest oil and gas producer, China Petroleum & Chemical (Sinopec), has received approval for its proposed giant project to turn coal into natural gas. Sinopec Chairman Fu Chengyu made the announcement in which he stressed that the cost of the project will only be known following a detailed feasibility study.  According to Fu, by converting coal to natural gas, the energy efficiency of coal consumption would rise to 60%.  An 8,000-km pipeline from Xinjiang to Guangdong via Zhejiang will be constructed to carry the converted gas. The project is in line with China's strategy to increase energy efficiency and cut reliance on oil and gas imports according to state run media.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

Futures and Options Risk Disclosure
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.