Recent Market Gains of Baidu.com Inc. (Nasdaq:BIDU) and China 3C Group (OTC: CHCG) Provide Basis For CFC’s China Business Watch To Increase Stocks’ SAQ Rating Ratings
July 9, 2007 (Press Release) --
CHINA FINANCE CENTRE, the New York based multimedia and trade exposition center expanding business ties between China and the United States, has announced that it has increased its SAQ Ratings of Baidu.com Inc. (Nasdaq:BIDU) and China 3C Group (OTC: CHCG. The SAQ Ratings are set by editors of China Business Watch, the CFC publication that rates the performance of China based companies.
Baidu.com, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu serves individual Internet search users, and provides a platform for businesses to reach potential customers. Baidu shares were up over 10% in heavy Nasdaq trading late last week. Baidu.com’s SAQ Rating has been increased to 6.3.
China 3C Group is a leading retail chain operating more than 900 retail outlets in Eastern China. The company specializes in selling 3C products (communication, information technology and digital) in China. China 3C recently announced that it has signed an agreement to provide products and services for Best Buy, a top consumer electronics retailer in the U.S. CFC has increased China 3C Group’s SAQ Rating to 6.0.
The Statistical Analysis Quotient Rating (SAQ) Service is an exclusive feature of China Finance Centre that monitors the performance of over 300 stocks of companies with operations in China. The SAQ Report tracks and rates the stocks against a matrix of comparative performance factors, including fundamentals, technical analysis, liquidity, safety, regulatory compliance and timely filings, shareholder relations, and U.S. Trading Market Qualifications. The SAQ rates company performance on a 1-10 scale. SAQ Ratings are published weekly in China Business Watch and updated daily in CBW Daily Ratings Alert service. The ratings and publications can be found at the CFC Web Portal- www.chinafc.net.
Baidu.com, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu serves individual Internet search users, and provides a platform for businesses to reach potential customers. Baidu shares were up over 10% in heavy Nasdaq trading late last week. Baidu.com’s SAQ Rating has been increased to 6.3.
China 3C Group is a leading retail chain operating more than 900 retail outlets in Eastern China. The company specializes in selling 3C products (communication, information technology and digital) in China. China 3C recently announced that it has signed an agreement to provide products and services for Best Buy, a top consumer electronics retailer in the U.S. CFC has increased China 3C Group’s SAQ Rating to 6.0.
The Statistical Analysis Quotient Rating (SAQ) Service is an exclusive feature of China Finance Centre that monitors the performance of over 300 stocks of companies with operations in China. The SAQ Report tracks and rates the stocks against a matrix of comparative performance factors, including fundamentals, technical analysis, liquidity, safety, regulatory compliance and timely filings, shareholder relations, and U.S. Trading Market Qualifications. The SAQ rates company performance on a 1-10 scale. SAQ Ratings are published weekly in China Business Watch and updated daily in CBW Daily Ratings Alert service. The ratings and publications can be found at the CFC Web Portal- www.chinafc.net.
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