CHINA RESOURCES DEVELOPMENT INC
10-C, 1996-05-20
MISCELLANEOUS NONDURABLE GOODS
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                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                      ---------------------------------


                                  FORM 10-C


               REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
                         INTERDEALER QUOTATION SYSTEM

                 FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
               SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
                             OR 15d-17 THEREUNDER


                      CHINA RESOURCES DEVELOPMENT, INC.
                (Exact name of issuer as specified in charter)

                     23/F Office Tower, Convention Plaza
                      1 Harbour Road, Wanchai, Hong Kong
                        Telephone:  011-852-2537-6689
        (Address of principal executive offices and telephone number)

                  I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:

1.  Title of security:  Common Stock, par value $0.001 per share
                      ----------------------------------------------------------

2.  Number of shares outstanding before the change:  14,665,058
                                                   -----------------------------

3.  Number of shares outstanding after the change:   18,116,009
                                                  ------------------------------

4.  Effective date of change:  May 9, 1996
                             ---------------------------------------------------

5.  Method of change:         Specify method (such as merger, acquisition,
                              exchange, distribution, stock split, reverse 
                              split, acquisition of stock for treasury, etc.):
    Issuance of Common Stock upon conversion of Series B Convertible Preferred
    ----------------------------------------------------------------------------

    Give brief description of transaction:  Holders of shares of the Issuer's
                                          --------------------------------------
Series B Convertible Preferred Stock converted shares of such stock into common
--------------------------------------------------------------------------------
stock.
------

                        II.  CHANGE IN NAME OF ISSUER


1.  Name prior to change: 
                         -------------------------------------------------------

2.  Name after change: 
                      ----------------------------------------------------------

3.  Effective date of charter amendment changing name: 
                                                      --------------------------

4.  Date of shareholder approval of change, if required:
                                                        ------------------------


Date:  May 17, 1996                    /s/ Tam Cheuk Ho
     ---------------------            ------------------------------------------
                                       Tam Cheuk Ho, Chief Financial Officer


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