China Stocks Slide On Possibility Of Another Rate Hike (CEO, PTR, CTRP, TSL, LDK, YGE)

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Stocks and ADRs based in China and Hong Kong

• Chinese ADRs Falter On More Tightening Fears (PTR, SNP, PUDA, YZC, CEA, ZNH, BIDU, LFC)
• Rate Hike an Ugly Holiday Gift for Chinese ADRs (BIDU, CTRP, DANG, CEO, PTR, PUDA, YZC, JASO, LDK, TSL)
• Commodities in Focus After China Holds Off on Rate Hike (PTR, CHL, LFC, SNP, SLV, KOL, COPX, PALL)

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CHINA ADRS METRICS

Avg. Market Cap:	$7.5B
Avg. P/E Ratio:	16.7
Avg. Div Yield:	0.4%

Reports indicate that Chinese policy makers are likely to raise interest rates again within a month in another bid to cool inflation in the world’s fastest-growing major economy and that news isn’t sitting well with Chinese stocks as the Chinese Stocks and ADRs Index is down 1.1% today.

China has tried to stem inflation over the past year through a series of rate hikes and by placing restrictions on bank lending, but the country’s economy has continued to grow at a rapid pace. China’s central bank has raised reserve requirements for Chinese banks seven times in the past 13 months, according to the New York Times.

Jitters over another rate hike and a decline in oil prices are weighing on Chinese energy names today with CNOOC (CEO), China’s largest offshore oil explorer, and PetroChina Company (PTR), the country’s largest oil company, both down 1%.

Controlling inflation should help bolster the purchasing power of Chinese consumers, but select discretionary names are also in the red today, including Ctrip.com Intl (CTRP), which is down 1%.

Chinese solar stocks are showing immunity to the rate-hike news, for one day at least, as that group is the top performer among U.S.-listed Chinese stocks today, benefiting from another round of good news for the solar sector. Trina Solar (TSL) is up 6%, LDK Solar Company (LDK) is up 5% and Yingli Green Energy Hldng (YGE) is higher by 3%.

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Tags: CEO, CTRP, LDK, PTR, TSL, YGE