The China 100 Stock Index Tumbles in May losing 15.9%

China INSOnline Corp. (CHIO) files 8-K - Current report. NEW YORK--(PR Newswire-June 1, 2010) — China INSOnline Corp. (NASDAQ: CHIO) announced today that it received a notification from The NASDAQ Stock Market, LLC (“NASDAQ”) on May 27, 2010 stating that China INSOnline Corp. (the “Company”) has regained its compliance with the NASDAQ Listing Rules (the “Rules”) in connection with a notification received by the Company from NASDAQ on May 25, 2010 regarding its non compliance with the Rules for continued listing due to the fact that the Company did not file its Form 10-Q for the period ended March 31, 2010 promptly on May 24, 2010. On May 27, 2010, the Company filed its Form 10-Q for the period ended March 31, 2010. In its notification dated May 27, 2010, NASDAQ stated that the staff of NASDAQ has determined that the Company has complied with the Rules. Mr. Zhenyu Wang, the Chairman of China INSOnline Corp. commented, “We have been working very diligently in last week to regain compliance with Nasdaq rules, and pleased to see the results. The Company remains highly focused on growing our core business in the domestic insurance market by introducing more value-added services and implementing new strategies to increase the revenue. We are very excited about the path to the future business growth ahead, and will be working actively and diligently to create more value for our shareholders.”

Shanda Interactive Entertainment Ltd. (SNDA) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. Beijing, China and Shanghai, China — June 1, 2010 — Shanda Interactive Entertainment Limited (Shanda) (Nasdaq: SNDA), a leading interactive entertainment media company in China and Hurray! Holding Co., Ltd. (Hurray!) (Nasdaq: HRAY), a leader in online video portal operations, artist development, music production, wireless music distribution, and other wireless value-added services in China, today announced that Shanda and Hurray! have entered into a definitive agreement under which Hurray! will acquire an online audio business of Shanda in exchange for 415,384,615 newly issued ordinary shares of Hurray!, and concurrently, Shanda will acquire Hurray!’s recorded music and wireless value-added services businesses in exchange for an aggregate of US$36,944,267 in cash, subject to adjustment based on the May 31, 2010 cash balances of the businesses being transferred to Shanda. The net consideration to Hurray!, for its businesses excluding payment for the cash balances in the businesses being transferred is estimated to be approximately US$11 million. A committee, comprised of three independent directors of Hurray!, represented Hurray! in the negotiations of the transaction agreement and received fairness opinion on the proposed transaction from its independent financial advisor, KPMG Advisory (China) Limited. After extended negotiations and careful consideration, the special committee approved the proposed transaction. Completion of the transaction will be subject to various conditions, including the approval of the issuance of the ordinary shares of Hurray! to Shanda at Hurray!’s shareholders’ meeting. The transaction is expected to be completed in the third quarter of 2010.

SORL Auto Parts, Inc. (SORL) files 8-K - Current report. BEIJING, June 1 /PRNewswire-Asia-FirstCall/ -- Telestone Technologies Corporation ("Telestone" or the "Company") (Nasdaq:TSTC - News), a leading developer and provider of telecommunications local access network solutions based in China, today announced the appointment of Mr. Guobin Pan as President of Telestone. Mr. Pan assumed the role of President of Telestone on May 26 and will manage the Company's operations while driving implementation of the strategy to expand Telestone's fast-growing carrier centric business. Mr. Pan has been with Telestone for 10 years and served as vice president of the Company. Prior to joining Telestone, Mr. Pan was the engineer and product manager of Tianjin Photoelectricity 754 Factory. Mr. Pan is a graduate of Xidian University with a degree in Computer Applications.

A-Power Energy Generation Systems Ltd. to Report First Quarter Financial Results on June 10, 2010. SHENYANG, China, June 1 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or "the Company"), a leading provider of distributed power generation systems in China and a fast- growing manufacturer of wind turbines, today announced the Company will report its unaudited financial results for the first quarter ended March 31, 2010, before the market opens on Thursday, June 10, 2010.

China INSOnline Corp. to Aggressively Combat Naked Short Sales of Company's Common Stock. NEW YORK, June 1 /PRNewswire-Asia-FirstCall/ -- China INSOnline Corp. (Nasdaq:CHIO - News), which operates http://www.soobao.cn , one of China's leading insurance services web portals, today declares its intention to aggressively combat naked short selling of the Company's common stock and protect its shareholder's interests. This is expected to improve stability in the value of its stock and improve long-term investor confidence in the market.

CNinsure Announces the Establishment of Its Insurance Brokerage Business Unit. GUANGZHOU, China, June 1 /PRNewswire-Asia-FirstCall/ -- CNinsure Inc. (Nasdaq: CISG), a leading independent insurance intermediary company operating in China, today announced the establishment of an insurance brokerage business unit, in an effort to expand its product offerings from retail to commercial lines. The insurance brokerage team will focus on providing property and casualty, liability, credit and guarantee, cargo, employee benefits and specialty risk insurance and reinsurance services to corporate clients.

China Marine Food Group Expands Seafood-Based Snack Foods to an International Convenience Store Chain in Guangdong. SHISHI, China, June 1 /PRNewswire-Asia-FirstCall/ -- China Marine Food Group Limited (NYSE: CMFO) ("China Marine" or the "Company"), a China-based manufacturer of Mingxiang(R) seafood-based snack foods, "Hi-Power" marine algae-based beverages, and distributor of frozen marine catch, today announced they have secured product placements for a selection of its flagship seafood snack foods at more than 500 convenience chain stores located throughout the Guangdong province. Beginning in March of 2010, China Marine collaborated with their Guangdong-based distributor on a roll out of several squid and octopus packaged snack foods at a select group of stores and has expanded the program to almost the entire store network in Guangdong. An inventory of barbecued squid, sliced barbecued squid and sliced roasted octopus packaged snack foods are held at China Marine's distributor for restocking each store location on a monthly basis. Sales to each store have increased at a steady rate since the program's inception.

CRIC Forms Exclusive Cooperation with China Real Estate Research Association and China Real Estate Association. SHANGHAI, June 1 /PRNewswire-Asia-FirstCall/ -- China Real Estate Information Corporation ("CRIC" or the "Company") (Nasdaq: CRIC), a leading provider of real estate information, consulting and online services in China, today announced that it has reached a framework agreement with the China Real Estate Research Association ("CRERA") and the China Real Estate Association ("CREA") to form an exclusive cooperation to provide evaluations, rankings, indexes, ratings and related services for China's real estate industry. Under the cooperation framework agreement entered into by CRIC, CRERA and CREA, a new entity jointly owned by CRIC, CRERA and CREA will be established with CRIC holding a 51% interest. The new entity will provide evaluations, rankings, indexes, ratings and other services covering the Chinese real estate and home furnishing sectors, including among others, evaluations, ratings and rankings of China's real estate developers, ratings of publicly listed real estate companies and evaluation and promotion of new materials and technologies in the real estate industry such as low-carbon materials. The results of these evaluations, ratings and rankings will be officially endorsed on an exclusive basis by CRERA, CREA, China Real Estate Rating and Evaluation Center, a unit of CRIC, E-House Research and Training Institute, a unit of E- House (China) Holdings Limited (NYSE: EJ), and in some cases by a unit of China's Ministry of Construction. CRERA and CREA will provide assistance in data collection related to these services while CRIC's http://www.dichan.com , a leading website for real estate industry professionals, will be the first and exclusive site to release the results of the evaluations, ratings and rankings.

Universal Travel Group's Chairwoman and CEO Elected as a Committee Member in Shenzhen's Fifth Annual Chinese People's Political Consultative Conference. SHENZHEN, China, June 1 /PRNewswire-Asia-FirstCall/ -- Universal Travel Group (NYSE: UTA) ("Universal Travel Group" or the "Company"), a leading travel services provider in China, today announced that the Company's Chairwoman and CEO, Ms. Jiangping Jiang, was elected as a committee member in Shenzhen's fifth annual Chinese People's Political Consultative Conference (CPPCC) as a representative from the circle of The All-China Women's Federation. CPPCC committee members are selected through consultation and recommendation, and represent various sectors of society in China, have social influence and are capable of participating in the deliberation and administration of state affairs. CPPCC members are required to maintain close ties with the public, to get acquainted with and report the public's desires and demands and to attend meetings and participate in activities organized by the CPPCC committees of which they are members. Ms. Jiang's nomination and successful election is a testament to her outstanding career achievement and generous charitable contributions. As a representative of the Women's Federation Circle, Ms. Jiang is recognized as a successful entrepreneur and will speak on behalf of her constituents on relevant issues.

Yongye International Hosts Official NASDAQ Visit to Inner Mongolia. BEIJING, June 1 /PRNewswire-Asia-FirstCall/ -- Yongye International, Inc. (Nasdaq: YONG), ("Yongye" or the "Company") a leading manufacturer, developer and distributor of Shengmingsu brand plant and animal nutrient products in China, today announced that on May 25th and May 26th, 2010, the Company, in cooperation with the central government of Inner Mongolia Autonomous Region, hosted the multi-day event entitled "NASDAQ Comes to Inner Mongolia." NASDAQ's Senior Vice President, Mr. Robert H. McCooey, led a 16-member corporate delegation from the USA which was comprised of well respected investment banks, SEC legal practitioners and investor relations firms. The NASDAQ delegation met with local government officials, including the Chairman of the Inner Mongolia Autonomous Region, Mr. Bagatur, to discuss economic development in the region and the benefits that a NASDAQ listing can bring to local enterprises looking to gain access to the US capital markets. The delegation also held an IPO seminar for local entrepreneurs and made a presentation at the Inner Mongolia University Business School. The delegation visited the production facility and a local Yongye branded store. Currently, Yongye International is the only company from Inner Mongolia listed on the prestigious NASDAQ board.