国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Riots won't hurt investment in Xinjiang

Updated: 2009-07-08 07:17

By Lillian Liu(HK Edition)

  Print Mail Large Medium  Small

HONG KONG: The riots in Xinjiang will not dent investors' confidence in the hinterland and minority-dense areas on the mainland, investment consultants say.

"The incident is only temporary and will soon fade away from people's memory," said Patrick Shum, an executive director at Karl Thomson Investment Consultant. The stock performance of two Hong Kong-listed Xinjiang companies was unscathed yesterday.

Xinjiang Xinxin Mining Industry slumped 1.64 percent or HK$0.07 to close at HK$4.19 yesterday, while shares in Xinjiang Tianye Water Saving Irrigations rose 3.85 percent or HK$0.03 to finish at HK$0.81.

"People wouldn't relate the riot to the region's long-term investment prospect. The region enjoys good (geographical) advantages," Shum told China Daily. The country's northwestern autonomous region is believed to attract a growing number of heavyweight energy and natural resource-related companies.

Hong Kong-listed Shenhua Energy, the country's largest coal mining group by output, said this week it plans to invest 36 billion yuan over the next five years to expand coal production capacity in the region.

The project is expected to help increase the group's coal production capacity to over 60 million tons in the Uygur region by 2014, according to Shenhua president Zhang Yuzhuo.

Shenhua's coal output capacity in Xinjiang was 16.8 million tons last year, up from 10.47 million tons in 2005. The money will also be used to facilitate coal conversion projects such as coal-to-oil projects, Zhang said.

China National Resources Development Limited, a state-run natural mineral resources developer, which is also listed in Hong Kong, signed earlier this month a strategic cooperation agreement with Xinjiang Non-Ferrous Metals Industry (Holdings) Company.

Under the agreement, both parties will establish a strategic alliance so that they can utilize their respective potential to the fullest extent in exploration and development of non-ferrous metals and precious metals in Xinjiang.

Xinjiang, which accounts for one-sixth of China's territory, contains one of the country's largest natural gas reserves and has abundant natural resources. It is also the biggest producer of cotton and tomatoes in the country.

Xinjiang Xinxin, the second largest integrated producer of nickel cathode on the mainland, listed on the Hong Kong stock exchange in 2007 in an initial public offering arranged by BOC International.

Xinjiang Tianye Water Saving Irrigations, a water saving system maker, first listed in Hong Kong's Growth Enterprise Market in early 2006 and transferred to the Main Board in January last year.

(HK Edition 07/08/2009 page4)

博罗县| 潍坊市| 当雄县| 奉节县| 丰台区| 阳信县| 衡南县| 宣城市| 松原市| 东光县| 平安县| 明光市| 会昌县| 通化市| 台中县| 禄丰县| 德州市| 鹤岗市| 青河县| 阳新县| 神池县| 墨脱县| 宿松县| 静海县| 徐闻县| 河北区| 当阳市| 出国| 景洪市| 临邑县| 北辰区| 永州市| 宁城县| 黄平县| 金乡县| 耿马| 进贤县| 阿克陶县| 汝阳县| 张掖市| 穆棱市|