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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 5SCLaEJioDkjf+d+C8llZQ==

<SEC-DOCUMENT>0000950144-96-003298.txt : 19960613
<SEC-HEADER>0000950144-96-003298.hdr.sgml : 19960613
ACCESSION NUMBER:		0000950144-96-003298
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960611
SROS:			NASD

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA RESOURCES DEVELOPMENT INC
		CENTRAL INDEX KEY:			0000793628
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190]
		IRS NUMBER:				870263643
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26046
		FILM NUMBER:		96579149

	BUSINESS ADDRESS:	
		STREET 1:		244O S PROGRESS DR
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84119
		BUSINESS PHONE:		8019722887

	MAIL ADDRESS:	
		STREET 1:		C/O BAKER & HOSTETLER
		STREET 2:		P O BOX 112
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32802

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MAGENTA CORP
		DATE OF NAME CHANGE:	19940217
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			HONG WAH INVESTMENT HOLDINGS LTD
	CENTRAL INDEX KEY:			0001016473
	STANDARD INDUSTRIAL CLASSIFICATION:	 []
<RELATIONSHIP>OWNER
	STATE OF INCORPORATION:			FL
	FISCAL YEAR END:			1231

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		C/O BAKER & HOSTETLER
	STREET 2:		PO BOX 112
	CITY:			ORLANDO
	STATE:			FL
	ZIP:			32802-0112
	BUSINESS PHONE:		406494000

MAIL ADDRESS:	
	STREET 1:		C/O BAKER & HOSTETLER
	STREET 2:		PO BOX 112
	CITY:			ORLANDO
	STATE:			FL
	ZIP:			32802-0112
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<DESCRIPTION>CHINA RESOURCES DEVELOPMENT, INC. FORM 4
<TEXT>

<PAGE>   1
- ------                                              
FORM 4                                              
- ------                                              

/ / Check this box if no longer subject to Section 16. 
    Form 4 or Form 5 obligations may continue. See                     
    Instruction 1(b).                  

                   U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 20549

                 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
                                                                             
   Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
 Section 17(a) of the  Public Utility Holding Company Act of 1935 or Section
                 30(f) of the Investment Company Act of 1940

<TABLE> 
<S>                             <C>            <C>                        <C>                <C>          <C>            <C>   
- ------------------------------------------------------------------------------------------------------------------------------------
 1. Name and Address of Reporting Person       2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Person to
    HONG WAH INVESTMENT HOLDINGS LIMITED          CHINA RESOURCES DEVELOPMENT, INC.  CHRB       Issuer (Check all applicable)
- ---------------------------------------------------------------------------------------------       Director       X 10% Owner
  (Last)          (First)          (Middle)    3. IRS or Social Security  4. Statement for      ----              ---
    Room 3105, 31/F.                              Number of Reporting        Month/Year             Officer (give    Other (Specify
    Universal Trade Center                        Person (Voluntary)          05/96             ----        title ---       below)
- ---------------------------------------------                             -------------------               below)
                 (Street)                               N/A               5. If Amendment, 
                                                                             Date of Original               
    3-5A Arbuthnot Road                                                      (Month/Year)              ------------------------
    Central, Hong Kong
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  (City)           (State)           (Zip)     TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------------
 1. Title of Security           2. Trans-   3. Transac-  4. Securities Acquired (A)  5.  Amount of Se-    6. Owner-      7. Nature  
  (Instr. 3)                       action      tion         or Disposed of (D)           curities Benefi-    ship           of In-  
                                   Date        Code         (Instr. 3, 4 and 5)          cially Owned at     Form:          direct  
                                               (Instr. 8)                                End of Month        Direct         Benefi-
                                  (Month/                                                (Instr. 3 and 4)    (D) or         cial
                                   Day/   ---------------------------------------                            Indirect       Owner- 
                                   Year)  Code    V      Amount   (A) or    Price                            (I)            ship   
                                                                  (D)                                        (Instr. 4)     (Instr.
                                                                                                                            4)     
 Common Stock, $.001 par value  05/01/96   S           1,512,000   D        $.75/sh      2,160,000 shs.       D             N/A
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. 
                                                     (Print or Type Responses)
</TABLE>
<PAGE>   2
<TABLE>
<CAPTION>
                                                                                                                                
 
FORM 4 (CONTINUED)        TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                  (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

<S>                       <C>          <C>        <C>         <C>              <C>             <C>                   <C>          
- ------------------------------------------------------------------------------------------------------------------------------------
1. Title of Derivative    2. Conver-   3. Trans-  4. Trans-   5. Number of     6. Date Exer-   7. Title and Amount   8. Price     
   Security                  sion or      action     action      Derivative       cisable and     of Underlying         of        
   (Instr. 3)                Exercise     Date       Code        Securities Ac-   Expiration      Securities            Deriv-    
                             Price of     (Month/    (Instr. 8)  quired (A) or    Date            (Instr. 3 and 4)      ative     
                             Deriv-       Day/                   Disposed of (D)  (Month/Day/                           Secur-    
                             ative        Year)                  (Instr. 3, 4,    Year)                                 ity       
                             Security                            and 5)                                                 (Instr. 5)
                                                                               -----------------------------------             
                                                                               Date    Expira-            Amount or            
                                                    -------------------------- Exer-   tion       Title   Number of            
                                                    Code  V     (A)     (D)    cisable Date               Shares               
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<CAPTION>
<S>                          <C>                    <C>                         <C> 
1. Title of Derivative       9. Number of           10. Ownership               11. Nature of                              
   Security                     Derivative              Form of                     Indirect                     
   (Instr. 3)                   Securities              Derivative                  Beneficial                   
                                Beneficially            Security:                   Ownership                    
                                Owned at End            Direct (D)                  (Instr. 4)                   
                                of Month                or Indirect (I)                                          
                                (Instr. 4)              (Instr. 4)                                               
                                                                                 
- -------------------------------------------------------------------------------------------------------

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- -------------------------------------------------------------------------------------------------------
Explanation of Responses:                                  HONG WAH INVESTMENT
                                                           HOLDINGS LIMITED                7 June 1996
                                                           ------------------------------- ------------
                                                           **Signature of Reporting Person      Date

                                                           By: /s/ Yiu Yat Hung
                                                              ---------------------------- 
                                                              Yiu Yat Hung
                                                              Managing Director

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.   
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                                                  

Note. File three copies of this Form, one of which must be manually signed.
  If space provided is insufficient, see Instruction 6 for procedure.

</TABLE>                                                                      
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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