Editorial Summary

China Vanke Co., Ltd.'s (000002.SZ) sales rose 146.6 percent year-on-year to RMB52.4 billion in 2007, according to a company filing with the Shenzhen Stock Exchange. The real estate developer sold a total of 6.1 million square meters in 2007, up 90.1 percent year-on-year. Vanke's market share in terms of sales grew from 1.25 percent to 2.07 percent in 20007, said the report. China Vanke said in its filing that a lack of capital is the bottleneck for the development of China's real estate industry and that company will propose a re-financing at a suitable time. Shares of Vanke fell 1.93 percent to close at RMB24.42 on Friday.

Ping An Insurance (601318.SH, 2318.HK) will spend the money raised from its planned re-financing to increase the capital of its subsidiaries; however, no timetable has been set for the re-financing, reports China News Service quoting Ping An president and CEO Ma Mingzhe. Ping An will weigh market sentiment before doing its re-financing, said the report citing the company general manager Zhang Zixin. Shares of Ping An rose 0.2 percent to close at RMB56.06 in Shanghai on Friday.