HSI UTILITY SECTOR constitutes 5.6% of the index and the main contituents are CLP Holdings HK & China Gas HK Electric China Res Power

HSI COMMERCIAL & INDUSTRIALS The main constituents are as below. They make up 33.7 percent of the index. Wharf (Hldgs) Hutchison New World Dev Swire Pacific MTR Corporation China Mer Hldgs CITIC Pacific China Resources Cathay Pac Air Esprit Hldgs Sinopec Corp Li & Fung Tencent China Unicom PetroChina CNOOC China Mobile China Shenhua COSCO Pacific CHALCO Notable heavyweights includes oil giants Petrocina, CNOOC and Sinopec and also the telecoms blue chip China Mobile.

Find below the HSCEI contituents. Tsingtao Brew Angang Steel Jiangxi Copper Sinopec Corp China Railway Dongfeng Group Zhejiangexpress China Telecom Air China ZTE PetroChina Huaneng Power Anhui Conch CCB Datang Power CITIC Bank China Shenhua Sinopharm China Ship Dev Yanzhou Coal China Rail BYD Company ICBC MCC China Comm Cons China Coal China COSCO Minsheng Bank Ping An 1 PICC CHALCO China Life SH Electric R&F Properties China Oilfield Zijin Mining Bankcomm CM Bank Bank of China

In addition to the oil majors for those interested in commodities especially Gold, the biggest counters for the king of precious metals includes :- Real Gold Mining company (ticker symbol 246) ZHAOJIN MINING company Ticker symbol (1818) Chinese gold mining companies are only listed in mainland Shangai and Hong Kong markets. True to expectation these counters responds to the usual fluctuations of spot gold prices. There are also iron, and copper mining companies listed in Hong Kong market.

A GOOD BUYING OPPORTUNITY FOR ICBC CHINA'S BIGGEST BANK BY MARKET CAP BY MORGAN STANLEY REPORT Source : Infocast Research Reports MS raises ICBC (01398) target by 2.7% to $7.5 (Infocast News) Morgan Stanley maintains its "Overweight" rating for ICBC (01398) and raises its price target for the stock by 2.7% to $7.5, as it has a bullish stance on ICBC's net interest margin for RMB assets and ICBC has a conservative provisioning and has announced a capital raising, the brokerage says. Morgan Stanley also fine-tuned its earnings estimates for ICBC for 2010 and 2011 on back of 2009 results. Morgan Stanley considers improving loan pricing on tighter credit supply relative to demand and more favorable deposit mix shift as the two key drivers for net interest margin. A normalizing of liquidity helps market rates, benefiting ICBC's liquid balance sheet, the brokerage says. It also believes that ICBC's fund raising will be less dilutive than peers, as ICBC is unlikely to issue the full 20% of H shares, in addition to its convertible bond offer ICBC IS CURRENTLY TRADING AT 5.4 HNK$