Bank of China, Fuyao, Gemdale, SAIC Motor: China Equity Preview

March 10 (Bloomberg) -- 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, gained 15.91, or 0.5 percent, to 3,069.14. The CSI 300 Index rose 0.6 percent to 3,305.86.

The customs office is due to release February trade data today. Exports probably rose 38.3 percent from a year earlier, the third monthly increase and the biggest gain in three years, according to a Bloomberg News survey. Imports may have climbed 38 percent, leaving a trade surplus of $7.15 billion.

Automakers: China’s passenger-car sales gained 55 percent to 942,900 units in February from a year earlier, the China Association of Automobile Manufacturers said. Total vehicle sales, which include buses and trucks, rose 46 percent, it said.

SAIC Motor Corp. (600104 CH), China’s largest carmaker, fell 0.2 percent to 21.95 yuan. FAW Car Co. (000800 CH), which makes passenger cars in China with Volkswagen AG, added 0.1 percent to 24.03 yuan.

Bank of China Ltd. (601988 CH): The nation’s third-largest bank has no further fundraising plans in mainland China after its previously announced plans to sell bonds, Chairman Xiao Gang said yesterday in Beijing. The bank’s new loans will grow at a pace exceeding 15 percent this year, Xiao said. The stock gained 0.5 percent to 4.17 yuan.

China Citic Bank Corp. (601998 CH): The banking unit of the nation’s largest investment company plans to sell subordinate bonds to boost capital, Chairman Kong Dan said yesterday in Beijing. The shares gained 3.3 percent to 7.13 yuan.

China State Construction Engineering Corp. (601668 CH): The nation’s largest housing contractor said property sales rose 72 percent to 6.5 billion yuan ($952.2 million) in the first two months of this year from a year earlier. The shares rose 1.2 percent to 4.33 yuan.

COFCO Property (Group) Co. (000031 CH): The developer said 2009 net income jumped 163 percent to 373.5 million yuan on sales that increased 85 percent. The stock gained 3.7 percent to 9.80 yuan.

Fuyao Group Glass Industries Co. (600660 CH): China’s biggest auto-glass maker said 2009 net income surged 354 percent to 1.1 billion yuan as the company cut costs. The stock lost 0.4 percent to 12.43 yuan.

Gemdale Corp. (600383 CH): The country’s fourth-largest developer by market value said its 2009 net income rose 111 percent to 1.78 billion yuan on sales that increased 24 percent. The stock jumped 6.9 percent to 13.77 yuan.