Macro

*China (Taiyuan) Coal Trading Center announced on 2 March that Taiyuan Coal Trading Composite Price Index closed at 81.32 pts, staying flat against the previous period. Coal prices featuring place of origin stayed steady after the decline in six consecutive weeks. Analysts said that most of the coal firms are not yet opened, leading to stabilized coal price.  (AAstocks)

*At present, 739 listed companies on SME Board and ChiNext Board have unveiled annual results or preliminary results for the year of 2014. According to statistics, both boards saw a significant improvement in results performance in 2014, with an overall net profit growth rate increasing by 9.19 ppts and 11.26 ppts respectively. (AAstocks)

*The Chinese economy is expected to grow 7 percent in the first quarter of 2015, according to an estimate released by the State Information Center, a government think tank, on Monday. A steady slowdown is expected for the Chinese economy, with investment growth in the property and manufacturing sectors continuing to slow. (AAstocks)

*According to the latest statistics unveiled by China Iron and Steel Association (CISA), as at the end of mid February, key steel companies' inventory amounted to 16.4667 million tons, up by 1.5495 million tons when compared to the last 10-day period, or a growth of 10.4%. The inventory at key steel companies have gained for five months, hitting a new high in nearly 11 month, which showed the continued rise of destocking pressure of these companies. (AAstocks)

*Industrial insiders believed that 250,000 new energy cars would be promoted this year, bringing continuous support to enterprises relating to lithium battery, lithium equipment and electric motor. (AAstocks)

*E- Yaogu, Kangmei Pharmaceutical(600518.SH)'s Chinese medicine trading platform has seen a drastically increase in transactions since the beginning of 2015, with a daily turnover over RMB1 billion. According to the terminal in DZH Big Data, the company's stock price has soared over 40% since February. (AAstocks)

Chinese stocks closed higher today, with the benchmark Shanghai Composite Index ended at 3336.28 points. The market responded mildly with interest rate cut, the deflation risk still worried the market. On the other hand, environmental and energy sectors over performed due to a popular air pollution related documentary released on internet. Computer and energy sectors led the gains; none sector fell. Combined turnover for both markets was 797.7 bn yuan, up 33.4% dod.

This article is from Guosen Securities Co., Ltd. and is being posted with Guosen Securities Co., Ltd.’s permission. The views expressed in this article are solely those of the author and/or Guosen Securities Co., Ltd. and IB is not endorsing or recommending any investment or trading discussed in the article. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities,commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.