Category: Money tips Release Date: 2007-01-11
Source: Kim Merrill Lynch Investment
Wednesday broader market shrugged off. Morning by the impact of stock prices around the Shanghai Composite Tiaokongdikai sharply to 2005. After the fast-dropping as 1992 points, driven by bargain hunting in the gradual rebound in the afternoon is a strong meteoric rise to broader market. Zhong Pan index closed at 2054 points on turnover of 35.0 billion compared with a small increase in the previous day.
The message surface, in line with the State Council promulgated the "Regulations of foreign banks," the implementation of, recently, China Banking Regulatory Commission officially issued "Rules for the Implementation Regulations of foreign banks." "Rules" clearly set up offices of foreign banks to conduct renminbi business includes engaging in business conditions, application procedures and approval time limit for the first time foreign banks to conduct RMB business still have to meet, "opened three years, profits for two consecutive years," pre-condition. However, in order to maintain steady and continuous operations of foreign banks operating, "rule" on foreign-owned banks, joint-venture banks in the implementation of certain regulatory indicators for the corresponding grace period. Ministry of Finance Institute of Fiscal Science recently said Su Ming, deputy director of the future will increase China's financial education, energy conservation, rural and environmental protection expenditure, while the combined domestic and foreign enterprise income tax, corporate income tax benefits will be industry rather than the within the foreign enterprises have developed and implemented. Next year, as well as the foreseeable future, China will continue to implement prudent fiscal policy. In addition, under the influence of external markets, the recent Hong Kong stock market Tuesday singing along drastic changes occur days, the Hang Seng Index Zuoshou newspaper 18,639.53 points, plunging 564.48 points, setting September 12, 2001 the largest single-day drop since the single-day turnover is also a record third year, second place.
Secondary market, today's tape Xianyihouyang. Hong Kong stocks fell sharply Tuesday by the impact of early Sinopec, Yangtze Power, and Industrial and Commercial Bank of China, Bank of China and other heavyweights are all ink once overall. Emergence of short-term stock diving Quotes. But bargain-hunting buying in the active intervention of the above-mentioned blue chip varieties bottom quickly stabilized, particularly in China Merchants Bank's financial sector represented a significant rebound in the market to do more momentum to break out again. Today, a marked feature of intraday high-priced stocks is a comprehensive way. Shanxi Fenjiu, Yunnan Baiyao, Salt Lake Potash and other Fund Shigekura impulse to gain the forefront. Strong mainstream financial operations to the market sent a positive signal. In addition, the real estate section to promote the appreciation of the yuan to continue to be strong, particularly in some species such as the second-tier pay real estate, clear days there are new housing development fund large-scale intervention. Non-ferrous metal plate steady trend higher, such as the Nanshan Aluminum, CICC Lingnan. At the same time, education, media, commercial chains, cement, agriculture and other sections have good performance. In addition, the aerospace defense plate comeback. Aerospace electronics, space and communications both daily limit and the remaining stocks are also some good gains. Turns hot intraday performance, long covering quite positive.
Taken together, today's broad market shrugged off. On K-line to reproduce the pattern of yin-yang package, the market do more confidence. With the broad-market index stocks rebound gradually stabilized, stock market outlook is expected to shake off the shock of the recent pattern of a new high. Comprehensive judged: Bullish
