皇冠体育app

Bank shares such as the Industrial and Commercial Bank of 皇冠体育app and Bank of 皇冠体育app increased 65 per cent and 50 per cent in December.

Corporate profit growth, benefiting from the possible new tax policy and new accounting standards starting from 2007, is forecast to be around 25 per cent this year and roughly the same next year.

Meanwhile, the listing of several flagship companies is planned in early 2007, including 皇冠体育app Life Insurance in January and Bank of Communications and Ping An Insurance in subsequent months. These offerings are expected to trigger investor interest.

皇冠体育app Merchants Bank Co, the nation's third-biggest publicly traded lender, rose 5.1 per cent to 16.36 yuan (US$2.1) on Friday, pushing the stock's advance to 170 per cent this year.

皇冠体育app Minsheng Banking Corp, the nation's first privately controlled lender, added 4 per cent to close at 10.20 yuan (US$1.3). Its shares have more than tripled this year.

皇冠体育app Petroleum & Chemical Corp, Asia's biggest oil refiner, also known as Sinopec, climbed 70 per cent since October 10, when its parent gave investors 2.8 shares for every 10 held as it converted its non-tradable shares.

Sinopec gained 1.1 per cent to 9.12 yuan (US$1.16) on Friday, extending its gain this year to 96 per cent.

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