• briefing asia infrastructure aug 15, 2006 • briefing asia energy aug 15, 2006

Chinese, Nigerian religious leaders hold talks
Weather forecast for world cities -- July 13
China Exclusive: Endangered Tibetan antelope population expands to 150,000
Chinese expert calls for major reforms to housing security system
Karaoke bars to be charged for showing music videos
Bus driver arrested for traffic accident killing 15 in NW. China
Trading on Hong Kong Stock Exchange -- July 13
Foreign exchange rates in Hong Kong -- July 13
HK share prices end 1.31 pct lower -- July 13
China urges Iran to respond to nuclear package soon
China, Switzerland agree on closer military exchanges (More)
Document XNEWS00020060713e27e007sp

Nigerian gov't urged to give green light to Chinese investors
464 words

12 July 2006

Industry Updates

BDU

English

Copyright 2006 China Daily Information Company. All Rights Reserved.
A Chinese diplomat in Lagos on Tuesday urged the Nigerian government to give Chinese investors the green light of special policies to promote bilateral economic relations and trade.
"Please encourage them (Chinese investors) and give them the green light of special policies" on foreign investment in Nigeria, Hu Yujie, head of the Commercial Office of the Consulate General of the People's Republic of China in Lagos, said at an interactive forum held in Lagos, the commercial capital of Nigeria.
At the one-day Nigerian-Chinese investors' interactive forum organized by the Nigerian Investment Promotion Commission (NIPC), Hu spoke highly of the investment forum, describing it as "a very good chance for Chinese companies and enterprises to learn a lot about Nigerian laws and how to improve doing business with Nigeria. "
"I'm sure that there will be a very big green light for both China and Nigeria to further enhance two-way economic relations and trade," he said.
According to Hu, Nigeria now ranks second largest trade partner of China after South Africa in Africa.
He said in the past five years ending 2005, China-Nigeria two-way trade volume increased by leaps and bounds from 1.14 billion US dollars in 2001 to 2.86 billion dollars in 2005.
He emphasized that marked achievements have been made in China-Nigeria bilateral trade, especially in China's exports to Nigeria.
In the past, he said, China mainly exported textiles and footwear and other small daily-use commodities to Nigeria. But now "machinery and electric products account for nearly 50 percent of the overall export to Nigeria," he added.
Presently, Hu said, the major commodities China exported to Nigeria are machinery and electric products, packaging machines, foodstuff processing machines, air conditioners, fridges, motorcycles, auto parts, power generators, hardware, telecom products, non-ferrous metals, photographic instruments, and chemical products, among many others.
Also speaking at the interactive forum, NIPC Executive Secretary Mustafa Bello gave a brief introduction to activities of NIPC.
He said he hoped the forum would help Chinese investors better understand Nigeria's investment environment and eventually help the West African country take a fast-track path to catch up with developed countries.
Referring to a free trade zone to be established by Chinese investors in cooperation with Lagos state government in Lekki, Bello said the Nigerian government would offer favorable terms to Chinese investors who planned to set up factories in the zone including no personal income tax, 100 percent repatriation of capital and profit, no foreign exchange regulation, 100 percent foreign ownership allowed, no pre-shipment inspection of goods and no expatriate quota required.
More than 100 Chinese businessmen including those from Hong Kong Special Administrative Region attended the forum.
Document BDU0000020060713e27c0001s

www.growthstockanalyst.com , On the Move: SOEN, MGMX, OCAI, GTXC, XKEM
1,574 words

12 July 2006

M2 Presswire

MTPW

English

(c) 2006 M2 Communications, Ltd. All Rights Reserved.
Stocks To Watch: Solar EnerTech Corp. (OTCBB: SOEN), Metro Gold Mines Mineral Resources Inc. (PinkSheets: MGMX), OCA, Inc (PinkSheets: OCAI), GTX Global Corp (PinkSheets: GTXC), Xechem International, Inc. (OTCBB: XKEM)
FEATURED STOCK: Solar EnerTech Corp.
Ticker Symbol SOEN: Current Price (1.71) http://www.solarenertech.com
Solar EnerTech Corp. Updates Manufacturing Facility Progress Wednesday July 5, 9:00 am ET MENLO PARK, CA - Solar EnerTech Corp. (OTC BB:SOEN.OB - News) (the Company) wishes to announce that earlier this week senior management satisfactorily completed an assessment and review of the ongoing construction and installation efforts at its solar cell manufacturing plant in order to verify actual progress against the original development plan and target milestones.
In the opinion of Management, the results of the assessment were better than anticipated and the entire project team is optimistic that as construction continues ahead of schedule the Company should begin solar cell production during the 4th quarter of this year. The projected production capacity for the Shanghai-based facility is estimated at an output of 20 megawatts per production line. As the industry has seen recent prices increases, the Company currently estimates that each 10 megawatts of production translates into roughly $37.5 million in annual revenue. The Company's strategic plan continues to have the initial line well into production before the end of fiscal 2006.
During the assessment, Solar EnerTech's team randomly examined and was satisfied with the status of the ceiling-mounted environmental air cooling units on the first and second floor of the plant. Nearly a hundred of these A/C units make up an integrated system of temperature control inside the climactically sensitive manufacturing facility. Aiming to expand its human resources from both China and abroad, the team also reviewed the 2nd draft of the training manual for new employees, and further investigated and made some minor ergonomic changes to the production technicians' locker and shower rooms, in order to provide the most convenient and comfortable conditions for the plant employees.
Management was also pleased to note that some new faces had joined the company. Effective July 1st, 11 university graduates enrolled by the Company have begun their training program which includes overseeing numerous aspects of the critical installation and start up phase of the plant at Jinqiao Science and Technology Park. These graduates were recruited from Shanghai University and most of them specialize in micro-electronics and semiconductor applications.
Solar EnerTech's management is pleased to report that all areas of its endeavor are moving quickly towards fruition of its near term manufacturing goals, as well as towards providing a vehicle to apply the outcome of its sponsored, university-based, and soon to be implemented in-house research directly into a production and distribution environment.
About Solar EnerTech Corp. (OTC BB:SOEN.OB - News)
Solar EnerTech is a photovoltaic (PV) solar energy cell manufacturing enterprise based in Shanghai, China, where the Company is establishing a sophisticated 42,000 square foot manufacturing and research facility in Shanghai's Jinqiao Modern Science and Technology Park. Solar EnerTech plans to invest in PV cell research to develop higher efficiency cells and put the results of that research to use immediately in its manufacturing processes. Led by one of the industry's top scientists, the Company's R&D program will work to bring Solar EnerTech to the forefront of advanced solar technology research and production. The Company has also established a marketing, purchasing and distribution arm in Northern California's Silicon Valley.
For in-depth analyst report please visit : www.growthstockanalyst.com
Metro Gold Mines Mineral Resources Inc Ticker Symbol MGMX: Current Price (0.0125) www.growthstockanalyst.com
Metro Gold Mines Mineral Resources Inc. a precious metal mining company engaged in the acquisition and development of production properties in South and Central America.
OCA, Inc Ticker Symbol OCAI: Current Price (0.33) www.growthstockanalyst.com
OCA, Inc. provides various operational, purchasing, financial, marketing, administrative, and other business services to the healthcare market in the United States and internationally. It also offers capital and proprietary information systems to approximately 200 orthodontic and dental practices representing approximately 400 offices. Its services include marketing to attract new patients, bill payment, human resources, financial reporting, software development, and practice enhancement consulting. The company was founded in 1985 and is based in Metairie, Louisiana. OCA has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in March 2006. The company operates its business as a debtor-in-possession.
GTX Global Corp Ticker Symbol GTXC: Current Price (3.15) www.growthstockanalyst.com
As of January 26, 2006, GTX Global Corp. was acquired by Yadio, Inc. in a reverse merger transaction. GTX Global Corp. develops IP multimedia technologies that enable the delivery of video, voice, data, and multimedia capabilities. The company offers fully supported IP multimedia applications that are customizable in feature and form. GTX Global Corp. was formerly known as Gatelinx Global Corp and Autoleasecheck Com, Inc. GTX Global Corp. is based in Henderson, Nevada.
Xechem International, Inc Ticker Symbol XKEM: Current Price (0.0299) www.growthstockanalyst.com
Xechem International, Inc., a biopharmaceutical company, engages in the research, development, and production of generic and proprietary drugs from natural sources. Its principal product under development is NICOSAN/HEMOXIN, which would be used for the treatment of sickle cell disease. The company also applies its proprietary extraction, isolation, and purification technology to the production and manufacture of Paclitaxel, which is an anti-cancer compound used for the treatment of ovarian, breast, small cell lung cancers, and AIDS-related kaposi sarcomas. In addition, Xechem International engages in the research and development of other compounds using traditional medicinal plants, microbial fermentation, or semisynthesis to produce anti-cancer, anti-fungal, anti-viral, anti-inflammatory, anti-aging, and memory-enhancing compounds. It operates in the United States, India, the People's Republic of China, and Nigeria. The company was founded by Ramesh C. Pandey in 1994. Xechem International is headquartered in New Brunswick, New Jersey.
Verify all claims and do your own due diligence. Iron Consulting profiles are not a solicitation or recommendation to buy, sell or hold securities. Iron Consulting is not offering securities for sale. An offer to buy or sell can be made only with accompanying disclosure documents and only in the states and provinces for which they are approved. All statements and expressions are the sole opinion of the editor and are subject to change without notice. Iron Consulting is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. It should be understood there is no guarantee that past performance will be indicative of future results. Investors are cautioned that they may lose all or a portion of their investment in this or any other company. In order to be in full compliance with the Securities Act of 1933, Section 17(b), growthstockanalyst.com is owned and operated by Iron Consulting. Iron Consulting has received eighteen thousand dollars from Equity Alliance Intl. for its internet marketing services, from Equity Alliance Int. LLC for its marketing and consulting services. Neither Iron Consulting nor any of its affiliates, or employees shall be liable to you or anyone else for any loss or damages from use of this e-mail, caused in whole or part by its negligence or contingencies beyond its control in procuring, compiling, interpreting, reporting, or delivering this Web Site or e-mail and any contents. Since Iron Consulting receives compensation and its employees or members of their families may hold stock in the profiled companies, there is an inherent conflict of interest in Iron Consulting statements and opinions and such statements and opinions cannot be considered independent. Iron Consulting and its management may benefit from any increase in the share prices of the profiled companies. Information contained herein contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Iron Consulting services are often paid for using free-trading shares. Iron Consulting may be selling shares of stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration.
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Document MTPW000020060712e27c004v3

Chinese diplomat urges Nigeria to give green light to Chinese investors
494 words

12 July 2006

09:21 AM

BBC Monitoring Asia Pacific

BBCAPP

English

(c) 2006 The British Broadcasting Corporation. All Rights Reserved. No material may be reproduced except with the express permission of The British Broadcasting Corporation.
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Lagos, 11 July: A Chinese diplomat here on Tuesday [11 July] urged the Nigerian government to give Chinese investors the green light of special policies to promote bilateral economic relations and trade.
"Please encourage them (Chinese investors) and give them the green light of special policies" on foreign investment in Nigeria, Hu Yujie, head of the Commercial Office of the Consulate General of the People's Republic of China in Lagos, said at an interactive forum held in Lagos, the commercial capital of Nigeria.
At the one-day Nigerian-Chinese investors' interactive forum organized by the Nigerian Investment Promotion Commission (NIPC), Hu spoke highly of the investment forum, describing it as "a very good chance for Chinese companies and enterprises to learn a lot about Nigerian laws and how to improve doing business with Nigeria".
"I'm sure that there will be a very big green light for both China and Nigeria to further enhance two-way economic relations and trade," he said.
According to Hu, Nigeria now ranks second largest trade partner of China after South Africa in Africa.
He said in the past five years ending 2005, China-Nigeria two-way trade volume increased by leaps and bounds from 1.14bn US dollars in 2001 to 2.86bn dollars in 2005.
He emphasized that marked achievements have been made in China-Nigeria bilateral trade, especially in China's exports to Nigeria.
In the past, he said, China mainly exported textiles and footwear and other small daily-use commodities to Nigeria. But now "machinery and electric products account for nearly 50 per cent of the overall export to Nigeria", he added.
Presently, Hu said, the major commodities China exported to Nigeria are machinery and electric products, packaging machines, foodstuff processing machines, air conditioners, fridges, motorcycles, auto parts, power generators, hardware, telecom products, non-ferrous metals, photographic instruments, and chemical products, among many others.
Also speaking at the interactive forum, NIPC Executive Secretary Mustafa Bello gave a brief introduction to activities of NIPC.
He said he hoped the forum would help Chinese investors better understand Nigeria's investment environment and eventually help the West African country take a fast-track path to catch up with developed countries.
Referring to a free trade zone to be established by Chinese investors in cooperation with Lagos state government in Lekki, Bello said the Nigerian government would offer favourable terms to Chinese investors who planned to set up factories in the zone including no personal income tax, 100 per cent repatriation of capital and profit, no foreign exchange regulation, 100 per cent foreign ownership allowed, no pre-shipment inspection of goods and no expatriate quota required.
More than 100 Chinese businessmen including those from Hong Kong attended the forum.
Source: Xinhua news agency, Beijing, in English 2055 gmt 11 Jul 06
a4b9abc0
Document BBCAPP0020060712e27c0028o
Nigerian gov't urged to give green light to Chinese investors
465 words

11 July 2006

Xinhua News Agency

XNEWS

English

(c) Copyright 2006 Xinhua News Agency
LAGOS, July 11 (Xinhua) -- A Chinese diplomat here on Tuesday urged the Nigerian government to give Chinese investors the green light of special policies to promote bilateral economic relations and trade.
"Please encourage them (Chinese investors) and give them the green light of special policies" on foreign investment in Nigeria, Hu Yujie, head of the Commercial Office of the Consulate General of the People's Republic of China in Lagos, said at an interactive forum held in Lagos, the commercial capital of Nigeria.
At the one-day Nigerian-Chinese investors' interactive forum organized by the Nigerian Investment Promotion Commission (NIPC), Hu spoke highly of the investment forum, describing it as "a very good chance for Chinese companies and enterprises to learn a lot about Nigerian laws and how to improve doing business with Nigeria. "
"I'm sure that there will be a very big green light for both China and Nigeria to further enhance two-way economic relations and trade," he said.
According to Hu, Nigeria now ranks second largest trade partner of China after South Africa in Africa.
He said in the past five years ending 2005, China-Nigeria two- way trade volume increased by leaps and bounds from 1.14 billion U. S. dollars in 2001 to 2.86 billion dollars in 2005.
He emphasized that marked achievements have been made in China- Nigeria bilateral trade, especially in China's exports to Nigeria.
In the past, he said, China mainly exported textiles and footwear and other small daily-use commodities to Nigeria. But now "machinery and electric products account for nearly 50 percent of the overall export to Nigeria," he added.
Presently, Hu said, the major commodities China exported to Nigeria are machinery and electric products, packaging machines, foodstuff processing machines, air conditioners, fridges, motorcycles, auto parts, power generators, hardware, telecom products, non-ferrous metals, photographic instruments, and chemical products, among many others.
Also speaking at the interactive forum, NIPC Executive Secretary Mustafa Bello gave a brief introduction to activities of NIPC.
He said he hoped the forum would help Chinese investors better understand Nigeria's investment environment and eventually help the West African country take a fast-track path to catch up with developed countries.
Referring to a free trade zone to be established by Chinese investors in cooperation with Lagos state government in Lekki, Bello said the Nigerian government would offer favorable terms to Chinese investors who planned to set up factories in the zone including no personal income tax, 100 percent repatriation of capital and profit, no foreign exchange regulation, 100 percent foreign ownership allowed, no pre-shipment inspection of goods and no expatriate quota required.
More than 100 Chinese businessmen including those from Hong Kong attended the forum.
Document XNEWS00020060711e27b008n5
HSBC Investor High Yield Fixed Income Fund - Class I - Part 1
13,846 words

10 July 2006

Mutual Fund Prospectus Express

MFPE

English

(c) 2006 NewRiver Format. Data Licensing LLC. All Rights Reserved.
Family: HSBC Funds
Ticker: HSYHX
Nasdaq-Symbol: Yes
Fund Type: OEMF
Load: Other
Objective: Growth
Manager: Richard J Lindquist
Manager: Michael J Dugan
Manager: Philip L Schantz
Interested Director: Stephen J. Baker
Non-Interested Director: Richard A. Brealey
Non-Interested Director: Alan S. Parsow
Non-Interested Director: Larry M. Robbins
Non-Interested Director: Michael Seely
Non-Interested Director: Thomas F. Robards
Legal Counsel: Dechert LLP
Filing: July 10, 2006
Effective: April 30, 2006
Type: Semi-Annual Report
Sequence: 1

Semi-Annual Report

HSBC Investor

Family of Funds
April 30, 2006

HSBC Investor Intermediate Duration

Fixed Income Fund
HSBC Investor Core Plus

Fixed Income Fund (Advisor)
HSBC Investor Core Plus

Fixed Income Fund
HSBC Investor New York

Tax-Free Bond Fund

[COLOR GRAPHIC]

HSBC Investor High Yield

Fixed Income Fund
HSBC Investor Growth Fund

HSBC Investor Value Fund
HSBC Investor Growth and Income Fund
HSBC Investor Mid-Cap Fund
HSBC Investor International Equity Fund

HSBC Investor Overseas Equity Fund
HSBC Investor Small Cap Equity Fund

HSBC Investor Opportunity Fund

[HSBC LOGO]

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Table of Contents

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HSBC Investor Family of Funds

Semi Annual Report - April 30, 2006

Glossary of Terms

Chairman's Message....................................................... 1

Commentary From the Investment Manager................................... 2

Portfolio Reviews........................................................ 3

Schedules of Portfolio Investments

HSBC Investor New York Tax-Free Bond Fund....................... 24

HSBC Investor Growth and Income Fund............................ 26

HSBC Investor Mid-Cap Fund...................................... 27

Statements of Assets and Liabilities..................................... 29

Statements of Operations................................................. 32

Statements of Changes in Net Assets...................................... 35

Financial Highlights..................................................... 49

Notes to Financial Statements............................................ 62