4. INVESTMENTS


	2013			2014			2014
	Rmb			Rmb			US$
Trading securities:
Adjusted cost		78,291			73,531			11,851
Unrealized gains		4,098			936			151
Unrealized losses		(45,820	)		(43,835	)		(7,065	)

Total at fair value		36,569			30,632			4,937


Equity securities listed in Hong Kong		19,433			11,602			1,870
Equity securities listed in Singapore		17,136			19,030			3,067

Total		36,569			30,632			4,937


Available-for-sale securities:
Equity securities listed in Hong Kong:
Cost		13,697			14,023			2,260
Impairment recognized in earnings		—			—			—

Adjusted amortized cost		13,697			14,023			2,260
Unrealized gains		7,041			5,664			913
Exchange differences		(108	)		50			8

Total at fair value		20,630			19,737			3,181

As of the end of reporting period, the Company considers the declines in market value of its marketable securities in its investment portfolio not to be other than temporary in nature and no impairment is recorded. Fair values were determined using closing prices of each individual security in the investment portfolio. When evaluating an investment for other-than-temporary impairment, the Company reviews factors such as the length of time and extent to which fair value has been below its cost basis, the financial condition of the issuer and any changes thereto, and the Company’s intent to sell, or whether it is more likely than not it will be required to sell, the investment before recovery of the investment’s cost basis. No impairment loss was recognized for the years presented.