Premium Rate of A Shares to H Shares Narrows

Mon. June 23, 2008; Posted: 06:42 AM

SHANGHAI, Jun 23, 2008 (SinoCast via COMTEX) -- LFC | Quote | Chart | News | PowerRating -- The premium rate of A shares to H shares further narrowed due to the wilder correction of A-share stock market than the H-share market.

Fifty-five stocks saw the premium rate of A shares to H shares average 83 percent, especially six ones including China Life Insurance, Bank of Communications, Ping An Insurance Group, China Railway Construction saw their yuan-denominated A shares are traded at lower prices than the H shares.

Hang Seng Index dropped 528.19 points or 2.26 percent to close at 22797.61 on Thursday. Turnover shrank to HKD 59 billion.

Hang Seng China Enterprise Index fell 397.89 points or 3.1 percent to 12431.44. Chinese telecommunications, financial services, power generation and petroleum stocks led the declines of H shares.

The premium rate of A shares to H shares was 135 percent on average in mid-April.

From www.cnstock.com, Page 1, Friday, June 20, 2008 info@SinoCast.Com

For full details on China Life Insurance Company (LFC) click here. China Life Insurance Company (LFC) has Short Term PowerRatings of 4. Details on China Life Insurance Company (LFC) Short Term PowerRatings is available at This Link.

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