CBRC warning the financial crisis reflect on three major challenges the banking industry, June 1, the CBRC issued the third since 2006 annual report. Report of the world's largest space financial crisis and the domestic banking sector affected by the crisis situation, noting that in the international context of the financial crisis, China's economic slowdown was evident, the risk may be further exposed the banking sector.
recent JP Morgan economist Frank Gong, chief of the mainland property market frequently to see more comments. Frank Gong said China's property market expected price reduction has been reversed, the developers in the property market pick up, the case can not be funded again there has previously occurred in the loss selling phenomenon. JP Morgan predicted that China's rise in property prices this year will reach 5% m10%, and next year will rise about 10%.
Bank of China Banking Regulatory Commission shares the drafting of regulatory documents insurance companies, banks pilot insurance company shares are advancing step by step. newspaper was informed yesterday, before the Bank of the State Council has approved a pilot insurance company shares eligibility, but is still in the internal procedures being.
[2009-6-3 07:24:33]
6 2 April, the Shanghai index hit a new high of 2750.88 in the current round, the circulation of the lineup has expanded to 252, accounted for 15% of the total number of listed companies, and there have been broader market heavyweights join. According to WIND Information and Statistics, as of June 2, Shanghai and Shenzhen listed companies have achieved full circulation reached 252, accounting for the total number of listed companies 15%. and in the end of 2008 this figure was only 72, which means that the first five months of this year, A-share market is the rate of 36 every month into the circulation.
[2009-6 -3 07:27:26]
According to China Securities Depository and Clearing Corporation recently released statistics show that although only three trading days last week, but the number of A shares account positions continue to rise from 112,600 to 48,533,800, and then a new high record in 2008, showed that degree of investor enthusiasm in the market is gradually warming up. The data show that A-shares last week, involved in the transaction account number is 12672300.
[2009-6-3 07:32:52]
Beijing early morning of June 3, New York's main oil futures contract pulled in late and eventually closed down only slightly. Today, decreases significantly reduced prices benefited from the United States issued a bullish real estate data, investors energy needs for economic recovery and look forward to re-ignite a rebound. As of 2:30 pm EDT Tuesday (Beijing time on Wednesday, 2:30), the New York Mercantile Exchange, July crude oil contract fell 3 cents to close at 68.55 U.S. dollars, or less than 0.1%. intraday July contract's highest value is $ 69.05. early July contract fell more than 1.5%, to $ 67.50.
[2009-6-3 07:34:43] < br> signed by second-hand housing sales in April were better than expected U.S. stocks rose slightly on Tuesday. At the close, the Dow Jones industrial average rose 19.43 points to 8740.87 points, or 0.22%; the Nasdaq composite index rose 8.12 points , to 1836.80 points, or 0.44%, Standard & Poor's 500 index rose 1.92 points to 944.79 points, or 0.20%.
[2009-6-3 8:47:56]
1, Shang Fulin that is establishing an appropriate regime for stock index futures China Securities Regulatory Commission Chairman Shang Fulin
sixth Tuesday in Shanghai Derivatives Market Forum speech, said that at present the Commission is establishing an appropriate regime for stock index futures, the futures market the full implementation of a unified account system. consistent with the national economy will continue to support the needs of the market with the futures market, so refined, painstaking futures products already on the market.
2, the recent introduction of export tax rebate incentives
Secretary-General of China International Economic and Exchange Center, Business Former Vice Minister Wei Jianguo 2, said recently China's exports may continue to decline, but that decline will gradually narrowed, so the overall export situation will present ; trend. He said the recent meeting of the State Council has required companies to increase outside support, especially in the export tax rebate incentives, he expects, will soon announce details of the measures.
3,5 fell to 5000 on new loans billion bill financing the central bank data showed zero growth
, April new RMB loans of financial institutions to 591.8 billion yuan. Therefore, in May of new loans is likely to continue down the chain. And just last May, four construction workers and peasants in the Dahon is about 250 billion yuan of new loans. Accordingly projections, the entire banking industry in May 5000 about new loans billion. Bank of China vice president Wang Yongli said recently, in May bill financing may be zero growth .
4, to promote bio-industry development policy rules will be introduced during the year
Development and Reform Commission Zhang Xiaoqiang, deputy director of Industry Development 2 at a summit forum on the Shanghai Securities News said that the year will be launched soon implement the State Council Development of policy million, three weeks growth, reaching a new high in 2008, the number of positions account for the proportion rose to 38.27%
[2009-6-3 8:48:16]
Dealers Association of the U.S. real estate report April, second-hand housing sales on a monthly contract rose 6.7%, higher than March's 3.2%, also higher than market expectations of 0.5%. U.S. real estate market warming encourage investors to enter the market, the United States on June 2 stock market continued to rise to close. This is the U.S. stock market rose for the fourth consecutive trading day. blue chips rose 19.43 points, the Dow Jones index closed at 8740.87 points. The Dow Jones index of 09 basic drop down from the 2008 closing price of just under 35.5 points. Technology stocks rose 8.12 points, to close at 1836.80 points. Standard & Poor's 500 index rose 1.87 points, to close at 944.74 points.
U.S. banks announced a bailout by issuing loans to repay, so that investors adopt a strategy to avoid bank stocks, 6 March 2, the overall decline Wall Street banks, JP Morgan Chase dropped 4.5%, American Express fell 4.9%
[2009-6-3 8:48:33]
6 月 2 Arab Emirates Abu Dhabi International Petroleum Investment Company announced plans to sell 1.3 billion shares of Barclays shares, Barclays shares fell 13.5% immediately, and banking stocks lead sell-off, Ailao De Bank fell 4.1%, Royal Bank of Scotland fell 5.2%. representative of the overall stock market in London into the FTSE 100 index fell 29.17 points, or 0.7%, to close at 4477.02 points. fell impetus came mainly from large banks. Frankfurt was up 1.50 points, DAX Index closed at 5144.06 points. Paris stock market edged down 1.45 points, CAC index closed 3378.04 points .6 2 other major European stock markets also have up and down. Italy, Sweden, the stock market dropped slightly, the Norwegian stock market rose nearly 4% increase in the Irish stock market has reached 3.51%
[2009-6-3 8: 48:55]
registered company in the latest data showed last week the number of A shares to 48,533,800 positions account for a new high this year. Last week the two cities the number of new stock accounts for the 176,617 daily average of 58,872 accounts , the chain dropped the previous week 3.04%. A number of stock positions account 112600-48533800 rebound, rebound and hit a year for three weeks a new high. A-shares last week, involved in the transaction account number is 12672300, the average daily trading account Number Central, which was an increase 12.72%
[2009-6-3 9:03:10]
statistics show that last week, new stock, the fund account numbers were 176,617 households and 29,336 households, representing a 41.8% decline the previous week and 40.5, respectively, %; involved in the transaction accounts A number of 1,267.23 million shares, compared with the previous week fell 32.4%, A shares account for the number of positions to reach 4,853.38 million, representing an increase of 112,600 the previous week.
[2009-6-3 9: 04:01]
issue new regulations will reduce the purchase of new shares or product yields, the majority of people in the industry are not optimistic about playing the prospect of a new class of financial products, some agencies expected to issue new rules will make big money greatly reduced utilization of funds , playing the yield of new products may be deteriorated.
[2009-6-3 9:05:33]
Morgan Stanley plans to sell 2.2 billion common shares, based on cooperation and relationship between CIC and the Morgan Stanley China Investment Corporation has a right of first refusal, the investment company decided to participate in the common stock sale scheme.
[2009-6-3 9:06:21]
Vice Mayor of Shanghai Mr. Tu 2 derivatives at the Sixth Shanghai Forum, said the construction of Shanghai international financial center as an important part in the futures markets and financial derivative products development, Shanghai will launch an orderly crude oil, gasoline and diesel futures such as energy, chemical, and stock index futures, foreign exchange futures, stock index options, the gold ETF and other financial products.
[2009-6-3 9:07:15]
U.S. Treasury secretary after he took office 2, the end of the first trip to China . The three-day trip, he current situation and prospects for the U.S. economy, the U.S. government to reduce a huge budget deficit, China-US cooperation in the global economic recovery and the important role of clean energy development and other issues were explained, and once again stressed the strong dollar policy will not change, to buy U.S. treasury bonds Many of the daily limit on the number seems to tell a strong presence. Our strategy is to index the current pressure still exists, individual stock options as a heavy. select individual stocks in the grasp of two aspects, one is the hot news triggered a real good thing contains opportunities. now both the stock trend is often strong. Today, concern about future stocks and real estate stocks with the chemical, Box morning updates, investors may be concerned about.
[2009-6-3 9:18:09]
Following up 51.8% since the beginning, along with the market for liquidity, valuation and earnings concerns gradually increased, A shares gained momentum may be weakening.
We reaffirm our Buying the flow to take advantage of favorable Reaction of the situation and policies of the investment strategy.
market point of view: slow
rally as investors worried about the liquidity (June 5 issue of new shares may be restarted in the future, tightening of bank lending, the Fund's cash ratio lower), higher than the value of the valuation cycle and earnings data may be bleak in the short term pressure on market confidence, we believe that A shares this year, rose a strong momentum may be waning.
view of the market for mobile nature, concerns about valuation and earnings, we expect to enter the A shares in June this year after the unexpectedly strong trend will slow down.
Nevertheless, we continue to believe that any of the above factors lead to significant market correction for the strategic investors are rational point of intervention in order to benefit: (1) The Government introduced a policy more to promote economic growth; (2) the improvement of macroeconomic fundamentals; (3) If the H shares to continue with the funding increase the inflow, A stock valuation shows the upward trend following the H shares.
[2009-6-3 9:23:56]
Hong Kong stock market on Tuesday, ending a three-day rally in early trading slightly higher open After the stock index continued to drop, down nearly 500 points a day, for days of investors chose to lock in profits after the rally today, board turnover remains high at more than one hundred billion Hong Kong dollars.
Hang Seng Index closed at 18,389.08 points, down 499.51 points, or 2.65%, turnover reached 101.858 billion Hong Kong dollars; Enterprises Index closed at 10,637.66 points, down 300.19 points, or 2.75%.
42 支 only four blue chips rise, China Unicom soared by more than one into becoming the best performing blue chip.
Sinopec fell 6.22%, as investors worried about its third-quarter refining profit may be under pressure.
Sinopec rose 3.38% yesterday, to increase the oil price to benefit China's measure is introduced. ICBC down 4.11 %, Goldman Sachs plans for 4.8 to 4.9 Hong Kong dollars per share price of ICBC H Shares Placing 3.03 billion shares.
[2009-6-3 9:27:02]
futures stock although we suggest a concern, but call auction opening look at the phenomenon of the high prevalence of this and earlier forestry sector is somewhat similar, often prone to market day, after all, a higher open rate if too many investors are afraid of heights, the desire to pursue a substantial decline, and we If the high-opened too many caution points, look at the situation clear to say.
[2009-6-3 9:30:32]
A shares rebound from last year's 4th quarter pull off, and the prices continue to hesitate in deepening thousand point bounce so far has been successful opened, differentiation is huge. which index funds into the rally winner, the average increase was 71.77%, enhanced index funds rose to 69.18% on average, while the Shanghai Composite Index rose to 59.45% over the same period, shows that index funds in the Thousands rally points, surpassing the benchmark Shanghai Composite Index, rebounded to hand over transcripts of the most beautiful. rebounded in the original, the partial differentiation of the performance of stock funds so large, I believe many investors are also expected. < br> [2009-6-3 9:32:43]
Frank Gong, JP Morgan Chase: China next year, prices will rise 10%
the chief economist Frank Gong, JP Morgan Chase recently prone to see the mainland property market more than words.
yesterday in Shanghai at the continue to pick up momentum, China's rise in property prices this year will reach 5% -10%, and next year will increase 10%, and encourage positive action recently, buying up land for housing.
Frank Gong said that as in the process of rapid urbanization, coupled with urban household savings rate is at a very high level, both the Chinese real estate market has always been their ability to support adequate spending. Chinese culture, young people in the room for a persistent pursuit of marriage, 1,300 people joined a year urban population, it means a lot of housing demand.
Frank Gong said the property market during the past two years was the result of short-term downturn, is that the Chinese government worries about housing prices make the policy has been restrained to tighten part of the purchase demand, of which most rigid requirements. to the government this year after the relaxation of credit and tax policy, which was released part of the demand out of China has never formed a large number of Western countries is different from other property market turnover phenomenon.
Frank Gong for over a hundred developers and investment bank executives said, now is good time to invest, not only cheaper land prices, building material prices, low cost workers. He said that if the current investment, two or three years of economic recovery, Investors will get a more lucrative returns.
said Frank Gong, the Chinese property market expectations of lower prices has been reversed, the developers in the property market pick up, the case can not be funded again after the loss has occurred in the phenomenon of selling. JP Morgan predicted that China's rise in property prices this year will reach 5% -10%, and next year will rise about 10%.
Frank Gong said the future of China real estate market risks that may exist in addition to inflation, the global market, domestic price uplift that may occur too quickly led to the re-suppression phenomenon. In fact, the recent introduction of the developer of the project significantly reduced the proportion of capital is the intent of the policy, said Frank Gong, the government introduced this policy is intended to encourage developers to increase the amount of development in order to avoid future supply situation.
[2009-6-3 9:34:29]
Yang million: stock speculation as investors cover their
Yang China's first million real name Huai-set, the majority of shareholders as rare and valuable experience.
Yang million shares of the sea combat in 20 years, summed up the experience and investment approach:
adhere to long-term investments
ultimately reflect in the stock of the results of national economic growth, so long holdings after the throw in the inevitable profit rose, which means that investors should pay close attention to the country's economic growth
stock relative to long-term yields in the short-term debt is concerned, there is a huge advantage, This is the inherent characteristics of the stock against inflation and, if the investment horizon is long enough, in theory, only the premium of equity investments, almost no risk. a lot of stock in the history of the complex can be seen that the right price.
the stock final reflects the results of national economic growth, so long held the stock rose after the throw in the inevitable profit, which means that investors should pay close attention to the country's economic growth. is not only a long-term investment, but also to insist on this A process in which to invest more money on a regular basis.
to China's A share market, for example, if an investor from the December 31, 1993, hold for investment of 1 million annually in good growth stock, After dividends, sending allotment, the average income per year in 50% to the current profit can be imagined, far greater than the short-term returns to investors during the same period. as long as the good long-term investment, we can get most investors to participate in the stock market quiet attitude of mind, to share their long-term returns.
[2009-6-3 9:35:52]
yesterday I have been stressed virtual tape must guard against inflation, but also to guard against stock quilt, yesterday afternoon, although there was a callback the broader market, but not sharp fall, so today the trend is still not optimistic, after all, such a big gap in there waiting to cover, so investors did not dare Shigekura reached, and of course price not much chance of sharply higher. Today the focus can be concerned about the concept of shares under the stock index futures, and related materials for export tax rebates class trade stocks, two plates are good news, today, or will be the highlight of disk.
[ ,],[not much profit, from the decision analysis system in the band Wang Wang term trading, the index is still above the track, back on track within a matter irreversible trend, so we do not hurry this approach, or more to see, the index only have fun but not operational, we still need patience patience patience again.
[2009-6-3 9:49:30]
the broader market since the 1664 point rally round the running time has reached 6 months, from the WIND data, the low round of animal husbandry and fishery sector has surpassed the KLCI rebound height and the CSI 300 Index, the recent rebound in large-cap stocks also indicates that the conversion style. red tape in May in line with expected income and the basic due to large-cap stocks rebound. And in June the upcoming IPO shares gate opening, no doubt on the existence of a large liquidity test, in other words, the market rebounded after 6 months, even if it is necessary to take a break in the bull market time. for animal husbandry and fishery sector, in May also received a Crescent line, but also lagged behind the broader market once again. In view of the current time cycle of basic agricultural policy has been introduced into the low-density areas, while the international prices of agricultural products continued to is also to be tested, while the valuation of listed companies related to agricultural sector is still at a high level, plate underperformed the broader market for two consecutive months, also shows that the objective needs of the callback, several factors point of view do not support agricultural sector continue to be strong, therefore recommended in June for animal husbandry and fishery sector should be based on sound investment based, short-term intervention may be considered small and the adjustment of the more recent gains in blue chip varieties fully.
[2009-6-3 9:50:22]
IPO fund shortage pushed up near the gate opening
Commission since May 22 public comments on the system since the IPO, the IPO is about to restart the market is expected to have raised sufficient liquidity situation of the psychological changes. As from the date of Currently, the repo rate on 7 days 1-year interest rate swap offer, has a total increase of 15 basis points to 1.37% of the level.
restart will result in release of funds is expected to be warming surface tension. , the two companies will be the same currency in different forms of assets or debt interest rate exchange. debtor through interest rate swaps, which can be floating or fixed their debt into a fixed or floating rate debt, interest rate swaps do not involve the principal.
May 22 IPO Reform Commission to seek public comments on the first trading day after (May 25), interest rate swap offer by 10 basis points. into a 6 months, the IPO timetable is still uncertain, the interest rate exchange offer to maintain a slight increase in recent situation.
6 1 March, Bank of China (601988) interbank market edged lower repo rate, the benchmark repurchase 7 days 0.94% weighted average interest rate reported over the last pre-holiday trading Day (May 27) closed down 2 basis points, but the cost of capital is in decline after the holiday practice, because it enhanced by the agency before the holiday allowance of the re-return of the market.
yesterday, back to the inter-bank market Share fixing interest rates rise, 1-day repurchase rate fixing was 0.8220% 2, and 1 flat fixing .7-day repurchase rate from 2 to 0.9450 percent, compared with 1, rose 0.5 basis points.
banking institutions to see, when the IPO funds face really tight.
IPO is expected before the official gate opening, offer the short end of the main uplink or a slight concussion. According to media reports, the fastest in June this year, will re-start the A share IPO.
[2009-6-3 9:50: 45]
with the main stock market is Running out of Time, with the main battle of wits. When we overcome, we have a sense of achievement, and sometimes we will also be the main a good rinse. Fanhai building 000,046 this stock is so , May 21 Comments focus our program before, but broke through an air platform, the main intention of the Internet to something very obvious then, and we timely introduction, that this place is a good buy, but the main is quite tricky, but after a breakthrough platform contrarian does not move, but began to suppress, the suppression of 3 days you let us breathe, almost lost confidence, but the company's good and the trend is telling us is not that simple, persist and gradually jiacang main struggle in the end with the oath, the three After days of suppression, scatter flowers scare, the main four consecutive days rose more than 20%, not only all the lost ground has hit a new high, with the main force of the deal is not easy Yes, of course, we also need more to improve the monitoring of the main, find a better buy, we have to upgrade their space.
[2009-6-3 10:00:11]
strong half an hour early or real estate, Asia Standard construction, Golden Group, rose again, Hot'd easily captured again, but we must recognize that leveraging the light from the estate of a broader market segment is still relatively difficult, still need more hot spots, the same need for more blue-chip, real estate charge in the former are weak , his teammates call back: shares total equity weighted average share price of 8.2 yuan, lower than 9.92 yuan in the disk's average share price stocks, small cap stocks is more than the average stock price 15.29 yuan.
At the same time, the market valuation of more healthy blue-chip SWS News broader market stocks price-earnings ratio (TTM) is 24.26 times over the same period in the disk stocks SW has reached 95.22 times price-earnings ratio, price-earnings ratio SW small cap stocks also reached a level 55.4 times; In addition, the SW to the broader market stocks 2.74 times the latest book value (integral method) unique advantages, SW, and small cap stocks in the disk stocks the latest book value has reached 3.39 times, 5.06 times.
Clearly, the accumulation of market risk in the occasion, the entire tape kinetic energy in the accumulation of blue-chip sector, most industries are still in the market valuation of the leading low-end. Recently, the attractiveness of blue chip companies have been fully reflected, and converted into a hot market. focus on the broader market of high-quality blue-chip industry, including Financial, real estate, coal, steel and other large cap blue chips will be the investment place for the next phase of the market.
[2009-6-3 10:16:47]
70 billion in fiscal subsidies to the State Council to encourage the automotive, appliance related sectors are expected to benefit from it.
[2009-6-3 10:17:02]
yesterday, the author points the next comment in the article 25 of COFCO Property, once the day the stock rose as high as the highest 9.42%, while the stock continued upside trend today, the highest rise about a 5.68%.
[2009-6-3 10:21:37]
Wu Baozhen accounts for individual investors is not repeated this year to deal for the purpose of reporting frequent reporting and frequent cancellation of alleged short-term manipulation, the Shanghai Stock Exchange, trading restrictions were carried out recently. Shanghai Stock Exchange official said, 09 years, the Shanghai Stock Exchange and further increased the short-term manipulation monitoring violations and the crackdown. Wubao Zhen recent account transactions are frequent, has the , the technique is usually bought by a large number of reporting frequent and frequently reported withdrawal, or limit use of large single-chasing ways, not the actual purchase transaction for the purpose, but the corresponding shares of other investors to judge the supply and demand and price trend to mislead to follow suit.
I believe that the majority of investors in securities trading activities, should strictly abide by laws and regulations and the Exchange business rules, and consciously safeguard the securities market order and strengthen the normative transactions. It also reminds medium and small investors to understand the nature of the manipulation and short-term harm to the prevention of transaction risk, do not blindly follow the trend.
[2009-6-3 10:22:54]
morning camp property alone reached the short side , are weak call comrades in arms, answered the call to rise up bank shares, the index also went to a high point today, but this is really on the line yet? Although the heroic but the effect is so effective? We see from the band index has traded from the king rail, and from past experience, usually from a very short time, the market always back on track, so we think that short-term pullback is likely to happen, so rising early is not necessarily to all good thing, although we are enthusiastic EU stocks, but we also need to calm down. want to soldiers is a good soldier, General, but may not mind stormed meal is not a good soldier.
[2009-6 - 3 10:23:04]
resources speculation is pushing the concept of hand
said that in recent coal, nonferrous metals and other resource sector rose sharply, the focus of speculation wheeled concept caused potash stocks rose yesterday, in fact, not only potash shares, including phosphate rock and other scarce resources stocks are up quite well.
induced by the concept of this round of speculation is the recent surge in commodity prices. commodity prices in international stock benchmark mm & P Goldman Sachs Commodity Index has reached the highest since last November level, the index has risen this year, nearly 30 %.
a fund company's chemical researcher told reporters that the recent surge in crude oil prices, weakness in the dollar index as well as the economy improves and inflation expectations rise, prompting international commodity prices rising. capital resources will certainly be brought speculation. the seat yesterday, bought a net amount of up to 37.1685 million yuan, more than the second place more than 20 million yuan. And the day came in to buy shares of the top five is the hot money has 4 seats.
but institutional response to potassium Shares of attitude is not positive. One of only two institutions Salt Lake Group, the list seats, respectively, in buying and selling chart, the amount of buying and selling were 13.3028 million yuan, 5.228 million yuan.
[ ,],[Look, deep 100ETF rose 2.87%, small plates ETF was up 1.47%, while the blue chip on the card as an investment object 50ETF secondary market transaction prices rose 4.37% to close at 2.077 yuan, and a slight premium over IOPV. In addition, the Card 180ETF secondary market trading prices also rose 4.77%.
since last month, the market began to appear signs of conversion to the blue chips, but it seems slow to start the collective .1 at blue chip prices, the market saw the blue chip Conversion of hope. have private parties that the price of blue chip index rose significantly behind the market, great potential for compensatory growth, pre-Ta's body may have been pushed up in the blue-chip approach. There are optimistically estimated 30% of blue-chip will appear to 50% of the increase.
interest in blue chip market, the transaction from the card 50ETF situation is evident. 50ETF yesterday on the card significantly enlarged volume than a few days ago, a total of 8.89 million. People in the industry believe that, with more and more obvious blue-chip conversion, the market will continue to increase interest in 50ETF. Earlier, 50ETF the highest turnover had reached 11.21 million, in 200 ...
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