<DOCUMENT>
<TYPE>NT 10-Q
<SEQUENCE>1
<FILENAME>crdi12b25.txt
<DESCRIPTION>LATE FILING FORM
<TEXT>
s

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   FORM 12b-25



                           NOTIFICATION OF LATE FILING


     [_] Form 10-KSB    [_] Form 11-K    [X] Form 10-QSB     [_] Form N-SAR


          For Period Ended: June 30, 2001

     [_]  Transition Report on Form 10-K

     [_]  Transition Report on Form 20-F

     [_]  Transition Report on Form 11-K

     [_]  Transition Report on Form 10-Q

     [_]  Transition Report on Form N-SAR

          For the Transition Period Ended:______________________________________

     Read attached  instruction  sheet before  preparing  form.  Please print or
type.

     Nothing in this form shall be  construed to imply that the  Commission  has
verified any information contained herein.

     If the  notification  relates  to a portion of the  filing  checked  above,
identify the item(s) to which the notification relates: ________________________



                                     PART I
                             REGISTRANT INFORMATION



Full name of registrant:    China Resources Development, Inc.

Former name if applicable:

________________________________________________________________________________

Address of principal executive office (Street and number)

  Room 2105, West Tower, Shun Tak Centre, 168-200 Connaught Road Central
________________________________________________________________________________

City, state and zip code

  Hong Kong
________________________________________________________________________________



                                    PART II
                             RULE 12b-25(b) AND (c)

     If the subject  report could not be filed  without  unreasonable  effort or
expense  and  the  registrant  seeks  relief  pursuant  to Rule  12b-25(b)
[Paragraph 23,047], the following should be completed.
(Check box if appropriate.)

[x]  |    (a)  The reasons  described in  reasonable  detail in Part III of this
     |         form  could  not be  eliminated  without  unreasonable  effort or
     |         expense;
     |
     |    (b)  The subject annual report,  semi-annual report, transition report
     |         on Form 10-K/SB,  20-F,  11-K or Form N-SAR, or portion thereof
[x]  |         will be filed  on or  before  the  15th  calendar  day  following
     |         the prescribed  due  date;  or  the  subject   quarterly   report
     |         or transition  report on Form 10-Q, or portion thereof will be
     |         filed on or before the fifth  calendar day following the
     |         prescribed due date; and [Amended in Release No. 34-26589
     |         (Paragraph 72,435), effective April 12, 1989, 54 F.R. 10306.]
     |
     |    (c)  The  accountant's  statement  or other  exhibit  required by Rule
     |         12b-25(c) has been attached if applicable.


<PAGE>


                                    PART III
                                   NARRATIVE

     State below in reasonable  detail why the Form 10-K, 11-K, 20-F 10-Q, N-SAR
or the  transition  report  portion  thereof  could  not  be  filed  within  the
prescribed time period. [Amended in Release No. 34-26589 (Paragraph 72,435),
effective April 12, 1989, 54 F.R. 10306.]



         The Form 10-QSB could not be filed within the prescribed time because
         additional time is required for completion of consolidation of
         financial statements, currency translation and subsequent review by
         auditors.



                                    PART IV
                               OTHER INFORMATION

(1)  Name  and  telephone  number  of  person  to  contact  in  regard  to  this
     notification

     Wong Wah On                                (852) 2810-7205
     ---------------------------------------------------------------------------
                       (Name)                     (Area Code) (Telephone Number)

(2)  Have all other periodic  reports  required under Section 13 or 15(d) of the
     Securities Exchange Act of 1934 or Section 30 of the Investment Company Act
     of 1940 during the preceding 12 months or for such shorter  period that the
     registrant was required to file such report(s) been filed? If the answer is
     no, identify report(s).
                                                                 [X] Yes  [_] No

(3)  Is it anticipated that any significant change in results of operations from
     the corresponding  period for the last fiscal year will be reflected by the
     earnings  statements  to be  included  in the  subject  report  or  portion
     thereof?
                                                                 [ ] Yes [X] No

     If so: attach an explanation of the anticipated  change,  both  narratively
and  quantitatively,  and, if  appropriate,  state the reasons why a  reasonable
estimate of the results cannot be made.





                           China Resources Development, Inc.
--------------------------------------------------------------------------------
                  (Name of Registrant as Specified in Charter)

Has  caused  this  notification  to be signed on its  behalf by the  undersigned
thereunto duly authorized.


Date   August 14, 2001             By  /s/ Ching Lung Po
----------------------        ---------------------------------------------
                                       Ching Lung Po, President

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