EXHIBIT 12.3

                                  CERTIFICATION

I, Xu Jie Bo, certify that:

1.     I have reviewed this annual report on Form 20-F of China Southern
       Airlines Company Limited;

2.     Based on my knowledge, this annual report does not contain any untrue
       statement of a material fact or omit to state a material fact necessary
       to make the statements made, in light of the circumstances under which
       such statements were made, not misleading with respect to the period
       covered by this annual report;

3.     Based on my knowledge, the financial statements, and other financial
       information included in this annual report, fairly present in all
       material respects the financial condition, results of operations and cash
       flows of the company as of, and for, the periods presented in this annual
       report;

4.     The company's other certifying officer(s) and I are responsible for
       establishing and maintaining disclosure controls and procedures (as
       defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the company
       and have:

       (a)    Designed such disclosure controls and procedures, or caused such
              disclosure controls and procedures to be designed under our
              supervision, to ensure that material information relating to the
              company, including its consolidated subsidiaries, is made known to
              us by others within those entities, particularly during the period
              in which this annual report is being prepared;

       (b)    Evaluated the effectiveness of the company's disclosure controls
              and procedures and presented in this annual report our conclusions
              about the effectiveness of the disclosure controls and procedures,
              as of the end of the period covered by this annual report based on
              such evaluation; and

       (c)    Disclosed in this annual report any change in the company's
              internal control over financial reporting that occurred during the
              period covered by this annual report that has materially affected,
              or is reasonably likely to materially affect, the company's
              internal control over financial reporting.

5.     The company's other certifying offer(s) and I have disclosed, based on
       our most recent evaluation, to the company's auditors and the audit
       committee of the company's board of directors (or persons performing the
       equivalent function);

       (a)    All significant deficiencies and material weaknesses in the design
              or operation of internal controls over financial reporting, which
              are reasonably likely to adversely affect the company's ability to
              record, process, summarize and report financial information; and

       (b)    Any fraud, whether or not material, that involves management or
              other employees who have a significant role in the company's
              internal controls over financial reporting.



Date: June 29, 2004                               By: /s/ Xu Jie Bo
                                                      --------------------------
                                                  Name: Xu Jie Bo
                                                  Title: Chief Financial Officer