Recent Market Gains of Baidu.com (NasdaqGM:BIDU) and Chinma Life Insurance Co. (NYSE: LFC) Provide Basis For CFC’s China Business Watch To Increase Stocks’ SAQ Rating Ratings
July 30, 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 (NasdaqGM: BIDU) and China Life Insurance Co. (NYSE: LFC). 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. A technology-based media company, Baidu serves individual Internet search users, and provides a web platform for businesses to reach potential customers. The stock is up some 230% since the first week of April. CFC has increased BIDU’s SAQ Rating several times during July. BIDU currently has a 6.0 SAQ Rating.
China Life Insurance Company Limited (NYSE: LFC, SEHK: 2628) is the leading provider of individual life insurance and annuity products in the People's Republic of China. The stock is up 10% in the last month. It has recently been announced that the China Insurance Regulatory Commission, the Bank of China and the State Administration of Foreign Exchanges will allow life insurance companies to significantly increase their asset investments in foreign countries. CFC has increased LFC’s SAQ Rating to 6.5.
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. A technology-based media company, Baidu serves individual Internet search users, and provides a web platform for businesses to reach potential customers. The stock is up some 230% since the first week of April. CFC has increased BIDU’s SAQ Rating several times during July. BIDU currently has a 6.0 SAQ Rating.
China Life Insurance Company Limited (NYSE: LFC, SEHK: 2628) is the leading provider of individual life insurance and annuity products in the People's Republic of China. The stock is up 10% in the last month. It has recently been announced that the China Insurance Regulatory Commission, the Bank of China and the State Administration of Foreign Exchanges will allow life insurance companies to significantly increase their asset investments in foreign countries. CFC has increased LFC’s SAQ Rating to 6.5.
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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