UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

     [X]  QUARTERLY  REPORT  UNDER  SECTION  13  OR  15(d)  OF  THE  SECURITIES
          EXCHANGE  ACT  OF  1934

          For  the  Quarterly  Period  Ended  September  30,  2001

     [ ]  TRANSITION  REPORT  UNDER  SECTION  13  OR  15(d)  OF THE SECURITIES
          EXCHANGE  ACT  OF  1934

                For  the  transition  period  from  _________  to  _________

                         Commission File Number: 0-28819

                       CHEMICAL CONSORTIUM HOLDINGS, INC.
        ----------------------------------------------------------------
        (Exact Name of Small Business Issuer as Specified in Its Charter)

               Delaware                                  91-2159311
    -------------------------------               ----------------------
    (State or other jurisdiction of                  (I.R.S. Employer
     incorporation or organization)                Identification Number)

               814 Lakeway Drive, Suite 262, Bellingham, WA 98226
       ------------------------------------------------------------------
                    (Address of Principal Executive Offices)

                                 (360) 676-9016
                 -----------------------------------------------
                (Issuer's Telephone Number, Including Area Code)

                           China Gateway Holdings Inc.
                          343 Queen's Road E, Suite 706
                                    Hong  Kong
         ---------------------------------------------------------------
         (Former Name, Former Address and Former Fiscal Year, if Changed
                               Since Last Report.)

Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the past 12 months (or for such shorter
period  that the registrant was required to file such reports), and (2) has been
subject  to  such  filing  requirements  for  the  past  90  days.
Yes  [X]  No  [  ]

As  of  November  15,  2001,  the  Company had 49,107,158 shares of common stock
issued  and  outstanding.

Transitional  Small  Business  Disclosure  Format:  Yes  [  ]  No  [X]

Documents  incorporated  by  reference:  None.


<PAGE>
                       CHEMICAL CONSORTIUM HOLDINGS, INC.

                                      INDEX


PART  I.   FINANCIAL  INFORMATION

     Item  1.  Financial  Statements

               Consolidated  Balance Sheets - September 30, 2001 (Unaudited) and
               December  31,  2000

               Consolidated  Statements  of  Operations and Comprehensive Income
               (Loss)  (Unaudited)  -  Nine  Months Ended September 30, 2001 and
               2000

               Consolidated  Statements of Cash Flows (Unaudited) - Three Months
               and  Nine  Months  Ended  September  31,  2001  and  2000

               Notes  to  Consolidated  Financial Statements (Unaudited) - Three
               Months  and  Nine  Months  Ended  September  30,  2001  and  2000

     Item  2.  Management's  Discussion  and  Analysis  or  Plan  of  Operation


PART  II.  OTHER  INFORMATION

     Item  6.  Exhibits  and  Reports  on  Form  8-K


SIGNATURES


<PAGE>
CHEMICAL CONSORTIUM HOLDINGS, INC.
(FORMERLY CHINA GATEWAY HOLDINGS INC.)
CONSOLIDATED BALANCE SHEETS

<TABLE>
<CAPTION>
                                                                Sept 30, 2001        December 31,
                                                                 (UNAUDITED)            2000
                                                               USD          RMB          RMB
<S>                                                       <C>          <C>           <C>
ASSETS

Current Assets:
  Cash                                                    $      796         6,588        80,085
  Deposits and other current assets                            7,211        59,700        77,402
                                                          -----------  ------------  ------------

    Total current assets                                       8,007        66,288       157,487
                                                          -----------  ------------  ------------

Property, plant and equipment, net
  of accumulated depreciation                                  6,242        51,680        66,615
                                                          -----------  ------------  ------------

    Total assets                                          $   14,249       117,968       224,102
                                                          ===========  ============  ============


LIABILITIES AND SHAREHOLDERS'
DEFICIT

Current liabilities:
  Accounts payable                                        $  109,383       905,615       905,615
  Other payable and accrued expenses                          92,583       766,523     1,087,312
  Due to Joint Venturer                                            -             -        19,546
  Due to related parties                                     515,303     4,266,345     3,090,580
                                                          -----------  ------------  ------------

    Total liabilities (all current)                          717,269     5,938,483     5,103,053
                                                          -----------  ------------  ------------

Shareholders' deficit:
  Common stock, US $0.0001 par value,
    authorized 50,000,000 shares; issued and
    outstanding; 4,307,158 shares at September 30, 2001          431         3,568         3,568
  Capital in excess of par                                 5,063,867    41,925,275    41,925,275
  Deficit                                                 (5,777,697)  (47,835,288)  (46,893,737)
  Accumulated comprehensive income                            10,379        85,930        85,943
                                                          -----------  ------------  ------------

    Total shareholders' deficit                             (703,020)   (5,820,515)   (4,878,951)
                                                          -----------  ------------  ------------

    Total liabilities and shareholders' deficit           $   14,249       117,968       224,102
                                                          ===========  ============  ============
</TABLE>


See  notes  to  consolidated  financial  statements.


<PAGE>
CHEMICAL  CONSORTIUM  HOLDINGS,  INC.
(FORMERLY  CHINA  GATEWAY  HOLDINGS  INC.)
CONSOLIDATED  STATEMENTS  OF  OPERATIONS  AND
COMPREHENSIVE  INCOME  (LOSS)  (UNAUDITED)
THREE  MONTHS  ENDED  SEPTEMBER  30,  2001  AND  2000
<TABLE>
<CAPTION>

                                                       2001        2001        2000
                                                        USD         RMB         RMB
<S>                                                 <C>         <C>         <C>
Net sales                                                   -           -            -
Cost of sales                                       $       -           -            -
                                                    ----------  ----------  -----------
Gross profit                                                -           -            -

General and administrative expenses                    24,736     204,797      757,924
                                                    ----------  ----------  -----------

                                                      (24,736)   (204,797)    (757,924)
                                                    ----------  ----------  -----------
Other income:
  Interest income                                          12         100        2,073
                                                    ----------  ----------  -----------

Loss from continuing operations                       (24,724)   (204,697)    (755,851)

Income (loss) from
    discontinued operations of joint venture            2,361      19,547     (925,904)
                                                    ----------  ----------  -----------

Net loss                                            $ (22,363)   (185,150)  (1,681,755)
                                                    ==========  ==========  ===========

Other comprehensive income:
    Foreign currency translation adjustment                 -           -       30,349
                                                    ----------  ----------  -----------

Comprehensive loss                                  $ (22,363)   (185,150)  (1,651,406)
                                                    ==========  ==========  ===========

Loss per common share:
  Loss from continuing operations                   $   (0.01)      (0.04)       (0.18)
                                                    ==========  ==========  ===========
  Loss from discontinued operations                 $       -           -        (0.21)
                                                    ==========  ==========  ===========
  Net loss                                          $   (0.01)      (0.04)       (0.39)
                                                    ==========  ==========  ===========

Weighted average number of common
    shares outstanding:
  Basic and diluted                                 4,307,158   4,307,158    4,307,158
                                                    ==========  ==========  ===========
</TABLE>

See  notes  to  consolidated  financial  statements.


<PAGE>
<TABLE>
<CAPTION>
CHEMICAL  CONSORTIUM  HOLDINGS,  INC
(FORMERLY  CHINA  GATEWAY  HOLDINGS  INC.)
CONSOLIDATED  STATEMENTS  OF  OPERATIONS  AND
COMPREHENSIVE  INCOME  (LOSS)  (UNAUDITED)
NINE  MONTHS  ENDED  SEPTEMBER  30,  2001  AND  2000


                                                         2001        2001         2000
                                                          USD         RMB          RMB
<S>                                                   <C>         <C>          <C>
Net sales                                             $       -            -            -
Cost of sales                                                 -            -            -
                                                      ----------  -----------  -----------
Gross profit                                                  -            -            -

General and administrative expenses                     122,273    1,012,335    2,231,653
                                                      ----------  -----------  -----------

                                                       (122,273)  (1,012,335)  (2,231,653)
                                                      ----------  -----------  -----------
Other income:
  Interest income                                            20          162        4,518
  Other                                                   6,168       51,075            -
                                                      ----------  -----------  -----------

Loss from continuing operations                        (116,085)    (961,098)  (2,227,135)

Income (loss) from
    discontinued operations of joint venture              2,361       19,547     (804,774)
                                                      ----------  -----------  -----------

Net loss                                              $(113,724)    (941,551)  (3,031,909)
                                                      ==========  ===========  ===========

Other comprehensive income:
    Foreign currency translation adjustment                   -            -       43,418
                                                      ----------  -----------  -----------

Comprehensive loss                                    $(113,724)    (941,551)  (2,988,491)
                                                      ==========  ===========  ===========

Loss per common share:
  Loss from continuing operations                     $   (0.03)       (0.22)       (0.52)
                                                      ==========  ===========  ===========
  Income from discontinued operations                 $       0            0        (0.19)
                                                      ==========  ===========  ===========
  Net loss                                            $   (0.03)       (0.22)       (0.70)
                                                      ==========  ===========  ===========

Weighted average number of common
  shares outstanding:
  Basic and diluted                                   4,307,158    4,307,158    4,307,158
                                                      ==========  ===========  ===========
</TABLE>


See  notes  to  consolidated  financial  statements.

<PAGE>
<TABLE>
<CAPTION>
CHINA  GATEWAY  HOLDINGS  INC.
CONSOLIDATED  STATEMENTS  OF  CASH  FLOW  (UNAUDITED)
 NINE  MONTHS  ENDED  SEPTEMBER  30,  2001  AND  2000


                                                       2001               2001           2000
                                                        USD                RMB            RMB
                                                ------------------------------------------------
<S>                                             <C>                <C>               <C>
Operating activities:
Net loss                                        $       (113,724)         (941,551)  (3,031,909)
Adjustment to reconcile net income
  Loss to net cash used in
  operating activities:
  (Income) Loss from discontinued operations              (2,361)          (19,547)     804,774
  Depreciation                                             1,805            14,935       16,850
  Changes in operating assets and liabilities:
    (Increase) decrease in -
      Deposits and other current assets                    2,138            17,703      653,177
    Increase (decrease) in -
      Other payable and accrued expenses                 (38,746)         (320,789)     126,041
      Amount due to affiliates                                 -                 -    1,531,752
                                                -----------------  ----------------  -----------

Net cash (used in) provided by
  operating activities                                  (150,888)       (1,249,249)     100,685
                                                -----------------  ----------------  -----------

Financing activities:
  Increase in due to related parties                     142,013         1,175,765            -
                                                -----------------  ----------------  -----------

Net cash provided by financing activities                142,013         1,175,765            -
                                                -----------------  ----------------  -----------

Effect of exchange rate on cash                               (2)              (13)      43,418
                                                -----------------  ----------------  -----------

(Decrease) increase in cash                               (8,877)          (73,497)     144,103

Cash, beginning                                            9,673            80,085       48,169
                                                -----------------  ----------------  -----------

Cash, ending                                    $            796             6,588      192,272
                                                =================  ================  ===========
</TABLE>

See  notes  to  consolidated  financial  statements.


<PAGE>
                       CHEMICAL CONSORTIUM HOLDINGS, INC.
                     (FORMERLY CHINA GATEWAY HOLDINGS INC.)
             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
         THREE MONTHS AND NINE MONTHS ENDED SEPTEMBER 30, 2001 AND 2000

1.  ORGANIZATION  AND  BASIS  PRESENTATION

Basic  of  Presentation  -  The  accompanying  consolidated financial statements
include  the  operations  of  Chemical Consortium Holdings, Inc. (formerly China
Gateway Holdings Inc.) and its wholly-owned and majority-owned subsidiaries (the
Company).  All material intercompany balances and transactions are eliminated on
consolidation.  The  consolidated  financial  statements  have  been prepared in
accordance  with  generally  accepted accounting principles in the United States
and  have  been  presented  in  Chinese  Renminbi  (RMB).

The  company's share capital is denominated in USD and the reporting currency is
the  RMB.

Translation  of  amounts from RMB into the USD for the convenience of the reader
has  been  made  at the exchange rate as quoted by the People's Bank of China at
June  30,  2001  of  US$1.00  =  RMB8.30. No representation is made that the RMB
amounts  could  have  been,  or could be, converted into USD at that rate or any
other  certain  rate.

Business  -  On  September  6, 2001 the Company reached a formalized Acquisition
Agreement  to  purchase  all  the  issued  and  outstanding  stock  of  Chemical
Consortium,  Inc. a Washington state corporation with its corporate headquarters
located  in Bellingham, Washington (hereinafter "ChemCon"). The Agreement called
for a stock for stock exchange in which China Gateway acquired all of the issued
and  outstanding  common  stock  of  ChemCon  in  exchange  for  the issuance of
44,800,000 shares of its common stock.  As a result of this transaction, ChemCon
became  a  wholly-owned  subsidiary  of  China  Gateway.

On  October  2, 2001, a change in control of the Company occurred in conjunction
with  the  closing under the Acquisition Agreement dated September 6, 2001, with
ChemCon.  At  closing,  ChemCon's  shareholder received approximately 90% of the
outstanding post-merger common stock of the Company in exchange for his share in
ChemCon.  The  transaction was accounted for as an acquisition of the Company by
ChemCon  and  a  recapitalization of ChemCon. On an unaudited proforma basis, if
the  acquisition  had occurred on July 1, 2001, for the period from July 1, 2001
through  September  30,  2001 the net loss from continuing operations would have
been  approximately $42,000, the net loss would have been approximately $40,000,
and  the  net loss per share would have been less than $0.01. In accordance with
the  Acquisition  Agreement,  on October 9, 2001 the Company changed its name to
Chemical Consortium Holdings, Inc., increased its authorized number of shares of
common  stock  to  100,000,000,  and changed the corporate office to Bellingham,
Washington.  In  addition,  on  October  12,  2001  the  Company applied for and
acquired  a employer identification number, applied for and received a new CUSIP
number,  and  applied for and received from the NASD a new trading symbol, CCSH.


<PAGE>
Foreign  Currency  Translation  -  Through  September  30,  2001, the functional
currency  of  the  Company's  prior operations in the People's Republic of China
(PRC) is the RMB. The accounts of foreign operations are prepared in their local
currency  and  translated  into  RMB  using the applicable rate of exchange. The
resulting  translation  adjustments are included in comprehensive income (loss).
Transactions  denominated  in  currencies other than the RMB are translated into
RMB  at  the  applicable  exchange  rates.  Monetary  assets  and  liabilities
denominated  in  other currencies are translated into RMB at the applicable rate
of  exchange  at  the balance sheet date. The resulting exchange gains or losses
are  credited  or  charged  to  the  consolidated  statement  of  operations.

The  company's share capital is denominated in USD and the reporting currency is
the RMB.

Translation  of  amounts from RMB into the USD for the convenience of the reader
has  been  made  at the exchange rate as quoted by the People's Bank of China at
September  30, 2001 of US$1.00 = RMB8.30. No representation is made that the RMB
amounts  could  have  been,  or could be, converted into USD at that rate or any
other  certain  rate.

Comments - The accompanying consolidated financial statements are unaudited, but
in  the  opinion  of  management  of the Company, contain all adjustments, which
include  normal recurring adjustments, necessary to present fairly the financial
position at September 30, 2001, the results of operations for the three and nine
months ended September 30, 2001 and 2000, and the cash flows for the nine months
ended September 30, 2001 and 2000. The consolidated balance sheet as of December
31,  2000  is  derived  from  the  Company's  audited  financial  statements.

Certain  information  and  footnote  disclosures  normally included in financial
statements  that  have  been  prepared  in  accordance  with  generally accepted
accounting  principles  have been condensed or omitted pursuant to the rules and
regulations  of  the  United States Securities and Exchange Commission, although
management  of  the  Company  believes  that  the disclosures contained in these
financial  statements are adequate to make the information presented therein not
misleading.  For  further  information,  refer  to  the  consolidated  financial
statements  and  notes  thereto  included  in  the  Company's  Annual  Report on
Form10-KSB  for  the  fiscal  year  ended  December  31, 2000, as filed with the
Securities  and  Exchange  Commission.

The  preparation  of  financial statements in conformity with generally accepted
accounting principles requires management to make estimates and assumptions that
affect  the reported amounts of assets and liabilities, disclosure of contingent
assets and liabilities at the date of the financial statements, and the reported
amounts  of revenues and expenses during the reporting periods. Management makes
these  estimates  using the best information available at the time the estimates
are  made; however, actual results could differ materially from those estimates.

The  results  of operations for the nine months ended September 30, 2001 are not
necessarily  indicative of the results of operations to be expected for the full
fiscal  year  ending  December  31,  2001.

2.  INCOME  TAXES

The  Company  did  not  recognize  any income taxes for the three and nine month
periods  ended September 30, 2001 and 2000 as it incurred losses in each period.
The  Company  is subject to income taxes on an entity basis on income arising in
or  derived  from  the  tax  jurisdiction in which each entity is domiciled. The
Company's  British  Virgin Islands subsidiaries are not liable for income taxes.

3.  EARNINGS  PER  SHARE

Basic earnings per share is based on the weighted average shares of common stock
outstanding.  Diluted  earnings  per  share  assumes the conversion, exercise or
issuance of all potential common stock instruments such as options, warrants and

<PAGE>
convertible  securities,  unless  the  effect  is  to  reduce  loss per share or
increase  earnings  per  share.

Basic  and  diluted  weighted average common shares outstanding during the three
and  nine  month  periods  ended  September  30,  2001  and 2000 were 4,307,158.

4.  RELATED  PARTY  TRANSACTIONS

During  the  nine  months  ended  September  30, 2001, certain shareholders made
advances  to the Company totaling RMB 1,175,765. The advances are unsecured, non
interest  bearing  and  are  payable  on  demand.

During  the  nine  months  ended  September 30, 2001, the Company earned service
income  of  RMB  51,075  from  affiliated  companies.

5.  SUBSEQUENT  EVENT

On  October  1, 2001, the Company entered into a letter of intent to purchase an
exclusive ten-year license for the industrial exploitation of patented Lipoclean
technology which is used in the pulp, paper working, and lubricant industries in
North  America  and  in  the distribution of the bacteriological cultures in the
entire  Americas.  The  purchase  is  contingent upon the purchase of a chemical
blending  and  mixing  facility.

ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS  OR  PLAN  OF  OPERATION

FORWARD-LOOKING  STATEMENTS.  This  quarterly  report  contains  certain
forward-looking  statements  within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as  amended,  that involve risks and uncertainties. In addition, the Company may
from  time  to  time  make  oral  forward-looking statements. Actual results are
uncertain  and may be impacted by many factors. In particular, certain risks and
uncertainties  that  may  impact  the accuracy of the forward-looking statements
with  respect  to  revenues,  expenses  and  operating  results  include without
limitation;  cycles  of  customer  orders,  general  economic  and  competitive
conditions  and  changing customer trends, technological advances and the number
and  timing  of  new product introductions, shipments of products and components
from foreign suppliers, and changes in the mix of products ordered by customers.
As  a  result,  the actual results may differ materially from those projected in
the  forward-looking  statements.

Because  of  these  and  other  factors  that may affect the Company's operating
results,  past  financial  performance  should not be considered an indicator of
future performance, and investors should not use historical trends to anticipate
results  or  trends  in  future  periods.

The  following  discussion  and analysis provides certain information, which the
Company's  management believes is relevant to an assessment and understanding of
the  Company's results of operations and financial condition for the nine months
ended  September  30, 2001 and 2000. This discussion and analysis should be read
in  conjunction  with  the Company's financial statements and related footnotes.

OVERVIEW:

Chemical  Consortium  Holdings,  Inc.,  formerly  China  Gateway  Holdings Inc.,
formerly  Orient  Packaging Holdings Ltd. (the Company), was incorporated in the
State  of Delaware on June 26, 1997. Effective June 27, 1997, the Company issued


<PAGE>
2,310,000  shares  of  common  stock  to  the shareholders of Orient Investments
Limited,  a  British  Virgin  Islands  company  incorporated  on January 9, 1997
(Orient  Investment),  in  exchange  for  100%  of  the  capital stock of Orient
Investment.  Orient Investment owned a 100% interest in Orient Packaging Limited
(Orient  Packaging), which was incorporated in the British Virgin Islands on May
25,  1993,  originally  as  Orient  Financial  Services  Limited.

In  accordance  with  an  agreement between Orient Packaging and Wuhan Dong Feng
Paper  Mill Company, a Peoples' Republic of China state-owned enterprise Company
dated  December  20,  1996  (the  Joint  Venture Agreement), a Joint Venture was
established  with  a  term  of  30  years from the date the business license was
issued to engage in the manufacture and sale of cartonboard packaging materials.
The  Joint Venture produced primarily coated and uncoated white-lined chipboard,
which  were  the most common types of cartonboard used in consumer packaging for
beverages,  dry  foodstuffs,  pharmaceutical  products and other consumer items.

On March 20, 2001, after continuous negotiations with Wuhan Dong Feng Paper Mill
Company,  its  Joint Venture partner in China, the Company entered into a formal
Termination  Agreement  with  them  in accordance with Article 68(2) and Article
68(5)  of  the  Joint  Venture's  Articles  of  Association  and  other relevant
provisions  in  the Joint Venture Agreement. In accordance with said Termination
Agreement,  each  of  the  partners in the Joint Venture agreed not to pursue or
make  claims  against the other for any damages, compensation or liabilities. On
April 9, 2001, the Company received a formal legal opinion from China Law Office
in  Hong  Kong, as to the validity of the termination and the mutual releases in
the  March  20th,  2001 Joint Venture Termination Agreement. China Law Office is
the  sole  foreign Law firm in Hong Kong to practice the laws and regulations of
the  Peoples  Republic  of  China,  with the approval of the Peoples Republic of
China's  Ministry  of  Justice.

On  September  6, 2001 the Company reached a formalized Acquisition Agreement to
purchase  all  the  issued  and  outstanding  stock of Chemical Consortium, Inc.
("ChemCon").  The Agreement called for a stock for stock exchange in which China
Gateway  acquires  all  of the issued and outstanding common stock of ChemCon in
exchange for the issuance of 44,800,000 shares of its common stock.  As a result
of  this  transaction,  ChemCon  became  a  wholly-owned  subsidiary of Company.

On  October  2, 2001, a change in control of the Company occurred in conjunction
with  the  closing under the Acquisition Agreement dated September 6, 2001, with
ChemCon.  In  accordance with said Acquisition Agreement, on October 9, 2001 the
Company  changed  its  name to Chemical Consortium Holdings, Inc., increased its
authorized  number  of  shares  of  common stock to 100,000,000, and changed the
corporate  office  to  814  Lakeway Drive, Suite 262, Bellingham, Washington. In
addition,  on  October  12, 2001 the Company applied for and acquired a employer
identification  number, applied for and received a new CUSIP number, and applied
for  and  received  from  the  NASD  a  new trading symbol CCSH to replace CNGH.


<PAGE>
Consolidated  Results  of  Operations:

Three Months Ended September 30, 2001 and 2000:

Administrative  and  General  Expenses. For the three months ended September 30,
2001,  administrative  and  general  expenses  were  RMB 204,797, as compared to
administrative  and  general  expenses of RMB 757,924 for the three months ended
September  30,  2000.  The  decrease  is primarily due to the decrease legal and
professional  fees.

Other Income (Expense). The Company had interest income of RMB 100 and RMB 2,073
during  the  three  months  ended  September  30,  2001  and 2000, respectively.

Income  Taxes.  The  Company  did  not  recognize any income taxes for the three
months  ended  September 30, 2001 and 2000 as it incurred losses in each period.
The  Company  is subject to income taxes on an entity basis on income arising in
or  derived  from  the  tax  jurisdiction in which each entity is domiciled. The
Company's  British  Virgin Islands subsidiaries are not liable for income taxes.

Discontinued  Operation. (Income) loss from discontinued operations of the Joint
Venture  were  RMB (19,547) and RMB 925,904 for the three months ended September
30,  2001  and  2000  respectively.

Net Income/(Loss). Net loss was RMB 185,150 for the three months ended September
30,  2001, as compared to a net loss of RMB 1,681,755 for the three months ended
September  30, 2000. Loss from continuing operations was RMB 204,697 and 755,851
for  the  three months ended September 30, 2001 and 2000, respectively. (Income)
loss from discontinued operations was RMB (19,547) and RMB 925,904 for the three
months  ended  September 30, 2001 and 2000, respectively. Net loss per share was
RMB  0.04  and  RMB 0.39 for the three months ended September 30, 2001 and 2000.
For  the  three  months  ended  September 30, 2001 and 2000, loss per share from
continuing  operations  was  RMB  0.04  and RMB 0.18. For the three months ended
September  30,  2000,  loss per share from discontinued operations was RMB 0.21.

Nine Months Ended September 30, 2001 and 2000:

Administrative  and  General  Expenses.  For the nine months ended September 30,
2001,  administrative  and  general  expenses were RMB 1,012,335, as compared to
administrative  and  general expenses of RMB 2,231,653 for the nine months ended
September  30,  2000.  The  decrease  is  primarily  due  to decreased legal and
professional  fees.

Other  Income  (Expense). The Company had interest income of RMB 162 and service
income  of  RMB  51,075  from  affiliated companies during the nine months ended
September 30, 2001. The Company had interest income of RMB 4,518, and no service
income  during  the  nine  months  ended  September  30,  2000.

Income Taxes. The Company did not recognize any income taxes for the nine months
ended  September  30,  2001  and  2000 as it incurred losses in each period. The
Company  is  subject  to income taxes on an entity basis on income arising in or
derived  from  the  tax  jurisdiction  in  which  each  entity is domiciled. The
Company's  British  Virgin Islands subsidiaries are not liable for income taxes.

Discontinued  Operation. Income (loss) from discontinued operations of the Joint
Venture was RMB 19,547 and RMB (804,774) for the nine months ended September 30,
2001 and 2000, respectively.


<PAGE>
Net  Income/(Loss). Net loss was RMB 941,551 for the nine months ended September
30,  2001,  as compared to a net loss of RMB 3,031,909 for the nine months ended
September  30,  2000.  Loss  from  continuing operations was RMB 961,098 and RMB
2,227,135  for  the nine months ended September 30, 2001 and 2000, respectively.
(Income)  loss from discontinued operations was RMB (19,547) and RMB 804,774 for
the  nine  months  ended September 30, 2001 and 2000, respectively. Net loss per
share was RMB 0.22 and RMB 0.70 for the nine months ended September 30, 2001 and
2000. For the nine months ended September 30, 2001 and 2000, loss per share from
continuing  operations  was  RMB  0.22  and  RMB 0.52. For the nine months ended
September  30,  2000,  loss per share from discontinued operations was RMB 0.19.

Consolidated  Financial  Condition  -  September 30, 2001:

Liquidity  and  Capital  Resources:

The  Company's  financial statements for the three and nine months periods ended
September  30,  2001  have  been  prepared  on  a  going  concern  basis,  which
contemplates  the  realization  of  assets and the settlement of liabilities and
commitments  in  the  normal  course  of  business.  For  the  nine months ended
September  30,  2001,  the  Company  reported  a net loss of RMB 941,551 and, at
September  30, 2001 has a stockholder' deficit of RMB 5,820,515. The Independent
Auditors'  Report  on  the company's financial statements as of and for the year
ended  December  31,  2000  included a going concern explanatory paragraph which
means  that the auditors expressed substantial doubt about the Company's ability
to  continue  as  a  going  concern.  Management has addressed these concerns by
reaching  a  formalized  Acquisition  Agreement  to  purchase all the issued and
outstanding stock of ChemCon. The Agreement called for a stock exchange in which
the  Company  acquires all of the issued and outstanding common stock of ChemCon
in  exchange  for  the  issuance  of 44,800,000 shares of its common stock. As a
result of this transaction, ChemCon became a wholly-owned subsidiary of Company.

Operating.  For  the  nine  months  ended  September  30,  2001,  the  Company's
operations  utilized  cash resources of RMB 1,249,250, as compared to generating
cash  resources  of  RMB  100,685  for the nine months ended September 30, 2000.

Investing.  The  Company  did  not  have any cash flow from investing activities
during  the  nine  months  ended  September  30,  2001  and  2000.

Financing.  Certain  shareholders  made  advances  to  the  Company totaling RMB
1,175,765  during the nine months ended September 30, 2001, which are unsecured,
non-interest  bearing  and  are  payable  on  demand.

Foreign  Currency  Translation  - The functional currency of the Company's prior
operations  in  the People's Republic of China ("PRC") is the RMB.  The accounts
of  foreign  operations are prepared in their local currency and translated into
RMB  using  the  applicable  rate  of  exchange.  The  resulting  translation
adjustments  are  included  in  comprehensive  income  (loss).  Transactions
denominated  in  currencies  other  than  the RMB are translated into RMB at the
applicable exchange rates.  Monetary assets and liabilities denominated in other


<PAGE>
currencies  are  translated  into  RMB at the applicable rate of exchange at the
balance  sheet  date.  The  resulting  exchange  gains or losses are credited or
charged  to  the  consolidated  statement  of  operations.

The  company's share capital is denominated in USD and the reporting currency is
the  RMB.

Translation  of  amounts from RMB into the USD for the convenience of the reader
has  been  made  at the exchange rate as quoted by the People's Bank of China at
September 30, 2000 of US$1.00 = RMB8.30.  No representation is made that the RMB
amounts  could  have  been,  or could be, converted into USD at that rate or any
other  certain  rate.

                           PART II. OTHER INFORMATION

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K

     (a)  Exhibits:

          None

     (b)  Reports  on  Form  8-K:

          During  and  subsequent  to the nine months ended September 30, 2001,
the  Company  filed  the  following  reports  on  Form  8-K:

          Form   Filing  Date           Event  Reported
          ----   ----------------       -------------------
          8-K    April 12, 2001         A  report  on  Form  8-K (item 5), which
                                        announced  the  Company  reached  a
                                        formalized  Agreement  to  terminate its
                                        Joint Venture interest in the Wuhan Dong
                                        Feng  Paper Company and that it signed a
                                        Letter  of  Intent with the Glory Famous
                                        (Groups)  Limited  for  engaging  in the
                                        business of coal mining in the Shangdong
                                        Province  of  the  People's  Republic of
                                        China.  Item 6 announced the resignation
                                        Mr.  Vincent  Chan  as a Director of the
                                        Company  and  that  he was replaced with
                                        Mr.  Derek  Yu.
          8-K    April  26, 2001        A  report  on  Form  8-K (item 5), which
                                        announced  the  Company  reached  a
                                        formalized  Acquisition  Agreement  with
                                        the  Glory  Famous  (Groups) Limited for
                                        engaging  in the business of coal mining
                                        in  the  Shangdong  Province  of  the
                                        People's  Republic  of  China.
          8-K    May 23, 2001           A  report  on  Form  8-K (item 5), which
                                        announced  the  Company's  principal
                                        executive  office  was  relocated.
          8-K    July 12, 2001          A  report  on  Form  8-K (item 5), which
                                        announced  the  Company  and  The  Glory
                                        famous (Groups) Limited terminated their
                                        Acquisition  Agreement dated as of April
                                        25,  2001,  and  stated that the Company
                                        decided to terminate the services of its
                                        transfer  agent,  U.S.  Stock  Transfer
                                        Corp.,  and  appointed  Nevada  Agency &
                                        Trust Company as the new transfer agent.


<PAGE>
          8-K    September 9, 2001      A  report  on  Form  8-K (item 5), which
                                        announced  the  Company  reached  a
                                        formalized  Acquisition  Agreement  to
                                        purchase  all the issued and outstanding
                                        stock  of  Chemical  Consortium, Inc., a
                                        company  engaged  in  the  business  of
                                        sales,  marketing  and  manufacturing of
                                        chemicals  in  the  pulp,  paper,
                                        metalworking  and  lubricant industries.
          8-K    October  4, 2001       A  report  on  Form  8-K (item 1), which
                                        announced  a  change  in  control of the
                                        Company  in  accordance  with  the
                                        Acquisition  Agreement  with  Chemical
                                        Consortium,  Inc.  which resulted in the
                                        issuance  of  44,800,000  newly  issued
                                        shares.  The  Company's  new  board  of
                                        directors  consists  of  J. Greig as its
                                        chairman,  Lawrence Hon, Danny Wu, Derek
                                        Yu, Ludwig Stromeyer, and Michael Tomko.
                                        In  addition,  in  item  5,  the Company
                                        reported  it  reached a Letter of Intent
                                        with  various  European companies for an
                                        exclusive  license for ten years for the
                                        industrial  exploitation of its patented
                                        Lipoclean  technology.
          8-K    October 9, 2001        A  report  on  Form  8-K (item 5), which
                                        announced the Company filed an Amendment
                                        to  the  Certificate of Incorporation to
                                        rename  the  Company  to  Chemical
                                        Consortium  Holdings,  Inc.,  and  to
                                        increase the number of shares authorized
                                        to  100,000,000.
          8-K   October 17, 2001        A  report  on  Form  8-K (item 5), which
                                        announced  that  the  Company acquired a
                                        new  tax ID number, received a new CUSIP
                                        number, and received from the NASD a new
                                        trading  symbol  CCSH  to  replace CNGH.


<PAGE>
                                   SIGNATURES

In  accordance  with the requirements of the Exchange Act, the registrant caused
this  report  to  be  signed  on  its  behalf by the undersigned, thereunto duly
authorized.

                                           CHEMICAL  CONSORTIUM  HOLDINGS,  INC.
                                           -------------------------------------
                                                      (Registrant)


Date:  November  15,  2001                 By:  /s/ J. GREIG
                                           -------------------------------------
                                           J. Greig, President
                                           (Duly Authorized Officer)


Date:  November  15,  2001                 By:  /s/  J.  GREIG
                                           -------------------------------------
                                           J.  Greig,
                                           (Principal  Financial
                                           and  Accounting  Officer)


<PAGE>