Chalco, China Construction Bank Corp., SAIC Motor: China Equity Preview

The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, dropped 24.51, or 0.8 percent, to 3,134.99. The CSI 300 Index fell 0.7 percent to 3,523.95.

Developers: Home prices in 70 cities climbed 8.6 percent from a year earlier, China Information News, the statistics bureau’s newspaper, reported today. That’s slower than the 9.1 percent increase in September and the 8.9 percent median estimate in a Bloomberg News survey of six economists.

China Vanke Co. （000002 CH）, the country’s largest developer by market value, lost 4 percent to 9.50 yuan. Poly Real Estate Group Co. （600048 CH）, the No. 2 developer, fell 4.1 percent to 14.47 yuan.

Automakers: China’s passenger-car sales in October rose at the fastest pace in six months. Wholesale deliveries of cars, sport-utility vehicles and multipurpose vehicles increased 27 percent from a year earlier to 1.2 million last month, the China Association of Automobile Manufacturers said yesterday in a statement.

SAIC Motor Corp. （600104 CH）, China’s largest carmaker, lost 3.4 percent to 20.28 yuan. Tianjin FAW Xiali Automobile Co. （000927 CH） gained 2.1 percent to 10.40 yuan. Separately, the company said shareholder Tianjin Automotive Industry （Group） Co. sold a 1 percent stake in FAW Xiali between Dec. 9, 2009, and Nov. 8. Anhui Jianghuai Automobile Co. （600418 CH）, a unit of China’s biggest light-truck exporter, dropped 1.7 percent to 13.89 yuan. The company said October vehicle sales increased 30 percent from a year earlier.

Aluminum Corp. of China Ltd. （601600 CH）: The listed unit of the nation’s biggest maker of the lightweight metal called Chalco will invest about 537 million yuan （$80.8 million） to set up a coal company in Shanxi, China Land and Resources News reported yesterday, without saying where it got the information. The stock added 0.8 percent to 12.62 yuan.

 China Construction Bank Corp. （601939 CH）: The country’s second-largest bank said it signed an agreement with China Galaxy Securities Co. yesterday to expand cooperation to asset management, investment banking, banking card and annuity businesses. The stock rose 1.1 percent to 5.24 yuan on Nov. 4 before suspension.

--Zhang Shidong. Editor: Glenn