China Minsheng Banking Corp. Ltd (600016) is the only domestic bank which has undergone the transformation to a multidivisional structure. For its investment in property, energy, metallurgy, transport and small and medium-sized enterprises (SMEs), the traditional branch banking system had been transformed into a multidivisional management mechanism. In addition, divisions have been established for each of its three main areas of business: trading finance, financial marketing and investment banking.

Poly Real Estate Group Co., Ltd (600048) is a leading real estate developer in the country. As a major competitor in its industry, it is more resilient to the government policies, and is more likely to survive competition. In 2007, the company's profit made a significant jump. As a blue-chip real estate development company, it is only second to China Vanke Co. Ltd (000002), which has set the foundation for its strong growth in 2008.

Liaoning Cheng Da Co. Ltd (600739) raked in pretty good returns from its investments in finance and biomedicines. In 2008, investment in its Huadian oil shale project will be a new source of profit growth. The company is involved in five industries, namely international and domestic trading, medicine chain-store operation, biological vaccine production, financial investment and business investment.

Source: International Finance News

Date: 26 May 2008

CN01/SW/AR/KM