CHINA STRATEGIC<0235> - Announcement

The  Stock  Exchange of Hong Kong Limited takes no responsibility for
the  contents of this announcement, makes no representation as to its
accuracy  or  completeness  and  expressly disclaims any liability
whatsoever  for  any loss howsoever arising from or in reliance upon
the whole or any part of the contents of this announcement.

CHINA STRATEGIC HOLDINGS LIMITED
(Incorporated in Hong Kong with limited liability)

PROPOSED CHANGE OF NAME

The  board  of  directors (the `Board') of China Strategic
Holdings  Limited  (the  `Company')  proposes to change its name to
`China  Internet  Global Alliance Limited ' subject to fulfillment of
certain conditions mentioned below.

The  Board  proposes  to change the Company name to `China Internet
Global  Alliance  Limited  '  subject  to  the  approvals of the
shareholders  of  the Company and the Registrar of Companies in Hong
Kong.

The  Board  believes  that the proposed new name will better reflect
its  future  business  strategy in expanding, focusing, building and
managing  businesses  in  the  area  of information technology and
e-commerce  related services in the Greater China region. The Company
would  at  the  same time further consolidate its investment in the
manufacturing  businesses in the Mainland China by disposal. A special
resolution  will be proposed at the forthcoming annual general meeting
(`AGM')  for  the  shareholders  of the Company to consider and, if
thought fit, approve the change of name.

The  existing  share  certificates of the Company under the name of
`China  Strategic  Holdings Limited ' shall after the proposed change
of  name  continue to be effective as evidence of title to the shares
of  the  Company. The Company will make a further announcement of the
effective  date of the proposed change of name as soon as practicable.

A  circular  containing details of the proposed change of name and a
notice  of  AGM will be dispatched to the shareholders of the Company
in due course.

                                By Order of the Board 
                                Ma Wai Man, Catherine 
                                Executive Director                      
                                                             
Hong Kong, 27th March, 2000