The 2010 Nobel Peace Prize Recipient Causing Chinese Chaos
Posted on October 10, 2010 at 20:00 PM EDT
The 2010 Nobel Peace Prize was awarded this weekend to Chinese dissident Liu Xiaobo for his alternative method of non-violence to demand fundamental human rights in China. This year's peace prize followed a long tradition of honoring dissidents throughout the world, but this was the first Nobel for China's dissident community since it resurfaced after the country's communist leadership initiated economic but not political reforms thirty years ago. Liu, son of a soldier, joined China's first wave of university students in the 1970s after the Chinese Cultural Revolution. Liu Xiaobo was sentenced last year to 11 years for subversion. The recipient has been an ardent advocate for peaceful, gradual political change rather than confrontation with the government. The China 100 Stock Index closed at 906.51 +23.92 (2.71 %) . China Sky One Medical, Inc. led the gainers up +1.66 (+22.10%) . Bohai Pharmaceuticals Group, Inc. fell to the opposite side of the totem pole as the biggest loser this week down -.24 (-10.43%) . Top Gainers For The Week Topping the list of weekly gainers is China Sky One Medical, Inc. ( CSKI ) with a harrowing performance up +22.10% . The fully integrated pharmaceutical company recently announced that their 2010 Annual Meeting of Shareholders will take place on October 12, 2010 at the Company's headquarters at Songbei Development District, Harbin, China. Executives will be providing an investor presentation to discuss growth strategy, business outlook, and financial performance. The annual shareholders will also be electing of seven directors for one year. Next in line is Zhongpin, Inc. ( HOGS ) finishing the week with a gain of +20.31% . Zhongpin Inc., one of four other processors accounting for less than 10% of China's total market share, reported a 10.1% increase last week promoting the company as one of Nasdaq's top 10 largest percent increases last week. Xinyuan Real Estate Co., Ltd. ( XIN ) was the third biggest gainer in the China Vesting Index this week +19.26% . In a country where people loathe talking about their status if they're financially performing poorly, developers sentiment about sales volumes are confident and there's no signs of postponing construction . The Chinese bubble situation is very different from the true bubble situation in the U.S. where you have a lot of people using debt to make purchases. In China, the limit on the loan-to-value ratio for buying apartments has never been more than 80% , and in fact now, the limit is more typically 70% for second-home purchases. Agria Corporation ( GRO ) crossed the finish line in fourth place with a promising +16.78% . Early investment strategies sure paid off. Last month the company announced their RMB40 million investment in Wuwei Ganxin Seeds Company Limited . The agreement states Agria is to receive a 49% equity stake in Ganxin, a corn seed research, development, production and sales company based in the Gansu province, China. The agreement is one of Agria's ongoing strategies to strengthen the seed division through series of acquisitions and organic growth. Last but not least with a +15.15% increase is China Biologic Products, Inc. ( CBPO ). The biopharmaceutical company occupied in development and manufacturing of plasma-based pharmaceutical products, increased their revenue 23% year-over-year to $40.9 million. The company also successfully confirmed its 2010 revenue guidance range of $142 million to $149 million , and adjusted net income range of $34 million to $36 million. Top Losers For The Week Bohai Pharmaceuticals Group, Inc. ( BOPH ), the worst performing company last week suffered a loss of -10.43% . Just Wednesday, the company released a white paper about China's Traditional Chinese Medicine Market . Entitled " Traditional Chinese Medicine: Ancient Cures Thrive in Modern Age ," the white paper conveys the history of Traditional Chinese medicine in China and the differences between its use and that of Western medicine, the expanding size of the TCM industry in China. Traditional Chinese Medicine has enormous potential for alternative healing, but the company should find a cure to increase investor confidence as well. With a -9.58% decline, Tongxin International, Ltd. ( TXIC ) was the second biggest loser for the week. As a whole, the Chinese Auto Parts Stocks Index has been trading flat lately . The Index is currently dragging the S&P 500 by more than -6% over the last month. Also making the loser list is New Oriental Edu & Tech ADR ( EDU ) -7.77% . The company reported first-quarter earnings to be beneath what analysts estimated due to low enrollment , causing its shares to slip more to an interim low of more than 13%. The Material Definitive Agreement filed last week didn't do wonders for Yayi International Inc. ( YYIN ). The company dropped -7.69% . The company entered into a securities purchase agreement with 119 U.S. accredited investors and Euro Pacific Capital, Inc . The Company issued and sold to the Investors 892 units at a purchase price of $10,000 per unit, resulting in gross proceeds of $8.92 million to the Company. With a - 5.76% decrease, Cninsure Inc. ( CISG ) made the biggest losers list last week. The insurance intermediary company recently announced that they had signed a joint venture agreement with Shanghai Puyi Investment Consulting Co., Limited to target the Chinese wealth management market . They had also just announced that it is scheduled to launch a non-deal roadshow in Europe and the United States in October 2010.
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