In 1978, the former Chairman of China, Deng Xiao Ping, pointed out China should send more students to study abroad under the Reform and Opening-up. The Chinese Central Government then formulated the policy of “Supporting students and scholars studying abroad, encouraging them to return to China upon their completion of studies and guaranteeing them the freedom of coming and going” in 1990’s, Since then, the number of Chinese students studying abroad continues to rise. In the past 30 years, 1.39 million Chinese students have gone to overseas universities, with 200,000 in 2009 alone. According to Mr. Zhang Xinsheng, the Vice Minister of Ministry of Education of China, Chinese students studying abroad will expand to an annual of 300,000 in year 2020.
By capitalizing this explosive studying abroad wave, New Oriental Education and Technology Group (EDU) has grown from a class of only 30 students to China’s largest private education service provider. The company today announced better-than-expected earnings results for the third fiscal quarter 2010 and shares hit a new 52-week high of $100.62. The company reported net revenues increased 36.2% year-over-year to $89.2 million, driven by the increase in the number of student enrollments in language training and test preparation courses. Net income rose 33.0% to $13.8 million and EPS was $0.37 compared to $0.28 in the same period last year. For the 2010 fourth quarter outlook, New Oriental Education and Technology expects net revenues to be in the range of $75.5 million to $78.4 million, representing year-over-year growth in the range of 27% to 32%. Shares of the company closed at $99.85 with a gain of 8.52% on more than two times the average trading volume.
Among other top gainers, China Agritech (CAGC) shares slightly climbed back from previous huge sell-off, and broke above the 100-day moving average. The stock ended at $19.80 or 14.10% higher on 50% more than the average trading volume. Today’s bounce back is more of a dead cat bounce. ReneSola (SOL) hit a 40-week high of $7.10 and closed at $7.05 with a huge gain of 9.13% on nearly two times the average trading volume. Melco Crown Entertainment (MPEL) had a major reversal today. Shares climbed back from a support at the rising 50-day moving average and broke above the 200-day moving average. Before the closing bell, MPEL ended at $5.05 with a increase of 8.84% on strong underlying volume. Cninsure (CISG), an insurance agency and brokerage company in China, rebounded from previous losses and added 7.54% to $27.39 on average volume. The stock has a solid support level at its increasing 50-day moving average.
Shares of China Shandong Industries (CSNH) reversed the early gains and lost 14.52% to $2.65 accompanied by light volume. The company today filed a Form S-1 for registration of securities, containing a preliminary prospectus. CSNH states that the company is offering $20 million of shares of the common stock and the number of shares offered will be determined based on the public offering price per share.
China INSOnline Corp (CHIO) pulled back from yesterday’s major gain as profit taking came in. Shares of the company dropped 10.81% to $0.66. The stock currently has a resistance located at $0.95. CHIO is an insurance services web portals. Asia Cork (AKRK), a manufacturer of cork-based building materials, dropped back from previous gains due to positive 2009 financial results. The stock decreased $0.04 or 7.02% with light volume. Shares of China Advanced Construction Materials Group (CADC) continues the downward trend, shedding 4.47%, The stock has a support located at $4.50. China Biologic Products (CBPO) fall back from previous gains and slipped 2.57% for the day. The stock has been bouncing up and down in a range of $10.50 to $11.50 for the past three three weeks. CBPO is a plasma-based biopharmaceutical company.
| TOP GAINERS |
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China Agritech Inc. (CAGC) |
19.80 |
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2.45 / + 14.12% |
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ReneSola Ltd. (SOL) |
7.05 |
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0.59 / + 9.13% |
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Melco Crown Entertainment Ltd. (MPEL) |
5.05 |
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0.41 / + 8.84% |
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New Oriental Edu & Tech ADR (EDU) |
99.85 |
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7.84 / + 8.52% |
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Cninsure Inc. (CISG) |
27.11 |
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1.90 / + 7.54% |
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| TOP LOSERS |
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China Shandong Industries, Inc. (CSNH) |
5.30 |
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0.90 / - 14.52% |
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China INSOnline Corp. (CHIO) |
0.66 |
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0.08 / - 10.81% |
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China Organic Agricultr (CNOA) |
0.64 |
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0.05 / - 7.25% |
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Asia Cork Inc (AKRK) |
0.53 |
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0.04 / - 7.02% |
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China Advanced Construction Materials Group, Inc. (CADC) |
4.70 |
|
0.22 / - 4.47% |
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 Chunghwa Telecom Co. Ltd. (CHT) files 20-F - Annual and transition report of foreign private issuers [Sections 13 or 15(d)]. Our revenues decreased by 1.6% from NT$201.7 billion in 2008 to NT$198.4 billion (US$6.2 billion) in 2009 This decrease was primarily due to a decrease in operating revenues from domestic fixed communications, mobile communications and international fixed communications.
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 China Shandong Industries, Inc. (CSNH) files S-1 - General form for registration of securities under the Securities Act of 1933. We are offering $20,000,000 of shares of our common stock. The number of shares that we will offer will be determined based on the public offering price per share.
Our common stock is currently quoted on the OTC Bulletin Board under the symbol “CSNH”. The last reported sale price of our common stock on the OTC Bulletin Board on April 19, 2010 was $ 3.10 per share. We intend to apply for listing of our common stock on the NASDAQ Capital Market. If the application is not approved, we will not complete this offering.
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 China Unicom (Hong Kong) Limited (CHU) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. The board of directors (the “Board”) of China Unicom (Hong Kong) Limited (the “Company”) is pleased to disclose the operational statistics of the Company and its subsidiaries (collectively the “Group”) for the month of March 2010. 1
All the Aggregate Numbers recorded for the month of March 2010 are aggregate data reported at 24:00 on 31 March 2010.
2
The accounting period of all Net Additions for the month of March 2010 is the period commencing from 0:00 on 1 March 2010 to 24:00 on 31 March 2010.
3
Net Additions of 3G Service Subscribers include 0.0236 million 3G Data Card Subscribers.
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 Yanzhou Coal Mining Co. Ltd. (YZC) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. On 20 April 2010, Yankuang Group, the Company and China Credit Trust Co., Ltd. entered into the Capital Contribution Agreement in relation to the formation of the Finance Company of the Group.
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 Shanda Interactive Entertainment Ltd. (SNDA) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. SHANGHAI, China, April 20 /PRNewswire-Asia/ — Shanda Online Holdings Limited
(“Shanda Online”), a wholly-owned subsidiary of Shanda Interactive
Entertainment Limited (Nasdaq: SNDA) (“Shanda” or the “Company”), today
announced that in accordance with a public notice issued by the Chinese
government on April 20, 2010, Shanda Online will observe a national day of
mourning beginning on April 21, 2010 for the victims of the earthquake in
Qinghai province and suspend online game-related services. Shanda Online will
resume its online game-related services on April 22, 2010.
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 Baidu to Report First Quarter 2010 Financial Results on April 28, 2010. BEIJING, April 20 /PRNewswire-Asia/ -- Baidu, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it will report its financial results for the first quarter ended March 31, 2010, after the U.S. market closes on April 28, 2010. Baidu's management will hold an earnings conference call at 8:00 PM on April 28, 2010 U.S. Eastern Time (8:00 AM on April 29, 2010 Beijing/Hong Kong time).
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 China BAK Announces Conference Call to Discuss Second Quarter FY 2010 Results. SHENZHEN, China, April 20 /PRNewswire-Asia-FirstCall/ -- China BAK Battery Inc. (Nasdaq: CBAK), one of the world's largest lithium-ion battery cell manufacturers, will host a conference call at 8:00 pm Eastern Daylight Time on Monday, April 26, 2010, to discuss results for the second quarter of fiscal year 2010.
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 China-Biotics, Inc. Receives GMP Approval for its New Qingpu Production Facility. SHANGHAI, April 20 /PRNewswire-Asia-FirstCall/ -- China-Biotics, Inc. ("China-Biotics", the "Company") (Nasdaq: CHBT), the leading developer, manufacturer and distributor of probiotics products in China, today announced that it has received the Good Manufacturing Process ("GMP") approval from the Shanghai Food and Drug Administration ("SHFDA") for its new production facility in Qingpu Industrial Park.
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 CDC Software Plans to Invest and Form Strategic Relationship with eBizNET Solutions, a Provider of SaaS Supply Chain Execution Solutions. SHANGHAI & ATLANTA--(BUSINESS WIRE)--CDC Software Corporation (NASDAQ: CDCS), a hybrid enterprise software provider of on-premise and cloud deployments, today announced it plans to make a strategic investment in eBizNET Solutions, a leading provider of software-as-a-service (SaaS) supply chain execution solutions. This marks CDC Software's second strategic cloud investment announcement in recent weeks that is expected to further advance its strategy to increase recurring revenue significantly over the next few years.
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 China Security & Surveillance Technology, Inc. to Release First-Quarter 2010 Financial Results on April 26, 2010. SHENZHEN, China, April 20 /PRNewswire-Asia/ -- China Security & Surveillance Technology, Inc. ("CSST" or the "Company") (NYSE: CSR; Nasdaq Dubai: CSR), a leading integrated security and surveillance solution provider in the P.R.C., today announced that the Company's first-quarter 2010 financial results will be released on Monday, April 26, 2010 before market opens. The Company will also hold a conference call to discuss the financial results the same day at 8:00 am ET. The Company's earnings release, presentation and related materials will be available at the investor relations section of CSST's web site at http://irpage.net/csct/index.html before the earnings call.
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 China TransInfo Announces Official Launch of Information and Control System for the World Expo in Shanghai. BEIJING, April 20 /PRNewswire-Asia-FirstCall/ -- China TransInfo Technology Corp., (Nasdaq: CTFO), ("China TransInfo" or the "Company"), a leading provider of public transportation information systems technology and comprehensive solutions in the People's Republic of China ("PRC"), today announced that on April 14, 2010, the Company-designed Information and Control System for major commercial vehicles (the "IC System") was officially launched at the World Expo in Shanghai, which runs for six months from May 1 to October 31, 2010.
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 Ctrip.com International, Ltd. to Report First Quarter 2010 Financial Results on May 11, 2010 U.S. Eastern Time. SHANGHAI, April 20 /PRNewswire-Asia/ -- Ctrip.com International, Ltd. (Nasdaq:CTRP - News), a leading travel service provider of hotel accommodations, airline tickets and packaged tours in China, will announce its first quarter 2010 results on Tuesday, May 11, 2010, U.S. Eastern Time, after the market closes.
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 New Oriental Announces Results for the Third Fiscal Quarter Ended February 28, 2010. BEIJING, April 20 /PRNewswire-Asia/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced its unaudited financial results for the fiscal quarter ended February 28, 2010, which is the third quarter of New Oriental's fiscal year 2010. Highlights for the Third Fiscal Quarter Ended February 28, 2010 -- Total net revenues increased by 36.2% year-over-year to $89.2 million from $65.4 million in the same period of the prior fiscal year. -- Net income attributable to New Oriental increased by 33.0% year-over- year to $13.8 million from $10.4 million in the same period of the prior fiscal year.
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 JA Solar to Host First Quarter 2010 Results Conference Call May 11. SHANGHAI, April 20 /PRNewswire-FirstCall/ -- JA Solar Holdings Co., Ltd. (Nasdaq:JASO - News), a leading manufacturer of high-performance solar products, today announced that it will hold a conference call on Tuesday, May 11, 2010 at 8:00 am Eastern Time, to discuss the company's first quarter 2010 results.
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 NF Energy Saving Corporation Issues Full Year 2010 Revenue Guidance in the Range of $27-30 Million. SHENYANG, China, April 20 /PRNewswire-Asia/ -- NF Energy Saving Corporation (OTC Bulletin Board: NFEC; "NF Energy"), a Chinese leader in providing integrated energy conservation solutions, today announced the Company expects revenue for the fiscal year ending December 31, 2010 to be in the range of $27-30 million, a 33%-48% increase over revenue of $20.3 million for the fiscal year ended December 31, 2009.
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 Trina Solar to Supply Power for Belgian-European Pavilion at Shanghai World Expo. CHANGZHOU, China, April 20 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that its subsidiary, Changzhou Trina Solar Energy Co., Ltd., has partnered with one of the largest and most experienced global renewable energy developers, Enfinity NV ("Enfinity"), to cover the roofs of the Belgian-European Pavilion and the Theme Pavilion at the 2010 Shanghai World Expo with the Company's modules.
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|  | The China 100 Stock Index closed Tuesday, April 20, 2010:
1,021.98  15.29 (1.52 %) | | | China Agritech Inc. (CAGC) led the Gainers closing 4/20/2010:
19.80 2.45 (14.12 %)
| | | China Shandong Industries, Inc. (CSNH) was the Index biggest loser closing 4/20/2010:
5.30  0.90 (14.52 %)
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| | The China Vesting Large Cap Stock Index (Panda) closed Tuesday, April 20, 2010:
1,063.64 22.84 (2.19 %) | | | New Oriental Edu & Tech ADR (EDU) led the Index closing 4/20/2010:
99.85 7.84 (8.52 %)
| | | Mindray Medical International Limited (MR) was the Index biggest loser closing 4/20/2010:
35.84 0.07 (0.19 %)
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| | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Tuesday, April 20, 2010:
1,029.08 21.98 (2.18 %) | | | China Agritech Inc. (CAGC) led the Index closing 4/20/2010:
19.80 2.45 (14.12 %)
| | | China Advanced Construction Materials Group, Inc. (CADC) was the Index biggest loser closing 4/20/2010:
4.70 0.22 (4.47 %)
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| | The China Vesting Undervalued Stock Index (Dragon) closed Tuesday, April 20, 2010:
960.62 6.84 (0.71 %) | | | Solarfun Power Holdings Co. Ltd. (SOLF) led the Index closing 4/20/2010:
8.60 0.42 (5.13 %)
| | | China Shandong Industries, Inc. (CSNH) was the Index biggest loser closing 4/20/2010:
5.30 0.90 (14.52 %)
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