BEIJING, Nov. 9, 2009 (Xinhua News Agency) -- China stock market policy scan on Nov.9, as follows:

1. China's Ministry of Commerce (MOC) said Friday it had launched anti-dumping, anti-subsidy investigations into U.S.-made off-road vehicles and sedans with engine displacements of 2.0 liters and above.

Comment: the news won't have a strong push for automobile stocks, as the vehicles under investigation take a small amount in China's car imports.

2. A proposal on developing Hainan province, China's southernmost province, into an international tourism island, is expected to be reviewed by the State Council, or China's cabinet, this month, China Business News on Monday quoted an unnamed official of Hainan province as saying.

Comment: the news will stimulate the trading of local stocks in Hainan.

3. The anticipation for oil price hike continued to be dampened as no such plan was announced during the weekends.

Comment: The news will have a negative impact on oil stocks. Market watchers have widely anticipated the oil price will be raised last weekend, as the international crude oil price rises have met the conditions to trigger the product oil pricing mechanism.

Under the mechanism's formula, if the international crude oil prices, usually a weighted average price of Brent, Dubai and Cinta crude-oil benchmarks, record an average fluctuation of more than 4 percent over 22 consecutive working days after the previous adjustment, the NDRC can reset domestic product oil prices in line with the international movement.