Zhenhai stands to gain from China's oil-sector reforms

Article Abstract:

Zhenhai Refining & Chemical's adoption of modern management methods has earned the approval of analysts who predict it will benefit from the increased competition and reforms being instituted in the oil industry of China. Zhenhai's decision to open 35 fewer gas stations because of a drop in the pump prices of gasoline impressed observers of the firm. Moreover, the trend towards restructuring in the oil sector by closing small refineries is favoring big refineries such as Zhenhai. In addition, stocks of Zhenhai are inexpensive and yield a dividend of seven percent.

Financial management, Petroleum Refineries, Petroleum Refining, Management, Zhenhai Refining and Chemical Company Ltd.

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State giants plan listings

Article Abstract:

Four of China's biggest state companies are planning a listing at the New York and Hong Kong stock exchanges in 1999 or 2000. The firms, which include China United Telecommunications Corp, China National Petroleum Corp, China National Offshore Oil Corp and China Petrochemical Corp, hopes to take advantage of the buoyant condition of the stock markets. The foreign listing is also aimed at answering the Chinese government's call for economic reforms.

Securities and Commodity Exchanges, Communications, Broadcasting and Telecommunications, Securities Exchanges, Crude Petroleum and Natural Gas Extraction, Petroleum, Petroleum and Coal Products Manufacturing, Crude Petroleum & Natural Gas, Securities issued, listed, Petrochemical Manufacturing, Petrochemicals, Planning, Telecommunications industry, Stock-exchange, Exchanges, Natural gas, Securities, Gas industry, China United Telecommunications Corp., Securities listing, Financial management, China National Petroleum Corp., China Petrochemical Corp., China National Offshore Oil Corp.

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