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The article reports the issuance of corporate bonds by Yuanxing Natural Alkali Co. Ltd. in Inner Mongolia, China. The board of directors of the company agreed to issue bonds to finance its gas chemical business and to purchase an 11.24 percent interest in Sulige Natural Gas Chemical Co. Ltd. as well as for capital increase in targeting acquired company. A forecast states that the acquisition will strengthen Yuanxing's presence in natural gas chemical business.

The article reports that PetroChina Co. Ltd. has agreed to issue up to RMB60 billion domestic corporate bonds for the Second West-East Gas Pipeline and the working capital. The company started construction of the second west-east natural gas transmission pipeline in February 2008. The pipeline will connect with the Central Asia Gas Pipeline and will have a transmission capacity of 30 billion cubic meters per year for 30 years.

The article reports on the issuance of a 500 million renminbi worth of corporate bonds by Inner Mongolia Nailun Group Inc. These raised funds will be used in a large coal chemical project of 300,000 ton per annum ammonia and 520,000 ton per annum urea. This facility is located in Dalu Industry Park of Zenger Banner, Erdos of Inner Mongolia, China. The State Environmental Protection Administration approved the environmental impact assessment of the project in July 2007.

The article reports on the plan of PetroChina Co. Ltd. in China to issue up to 60 billion Renminbi of the Domestic Corporate Bonds to its shareholders. The proceeds of the bond shall be used to satisfy the demand for mid-term and long-term capital requirements of the company, further improve its debt structure, supplement the working capital, and investment in projects.

The article reports that the board of directors of China Petroleum & Chemical Corp. has agreed the issuance of convertible bonds with detachable warrants and the issuance of domestic corporate bonds. It intends to issue up to 30 billion renminbi convertible bonds with detachable warrants to institutional investors and the public investors. The proposals are subject to approval by the Extraordinary General Meeting of the company and relevant authorities to be held on November 15, 2007.