Category: Money Tips Date: 2006-05-08
May 30 raised a "stamp duty" after the raid on the Chinese stock market and ushered in a few days fall, and later the State to use emergency funds to rescue the market, the stock market again June 5 in a firm. Later, through long-short fight, June 22 once again plummeted, "M-top" cast.
Today, there are many investors naively, the stock market before the Olympic Games there is a wave of large cattle market, so reluctantly. China Central Television June 22 night vowed to say that other countries are soaring, the stock market before the Olympics. But I think the Olympics is not the final straw, we have overdrawn the bull market, at the top have emerged. Although the index may be later than 4300 points (the country's most adept at the use of banks, petrochemical, and other tools for stock-making), but the Stock Quotes can not be optimistic about the returns investors will gradually shrink.
Other people will say, what is your evidence? I started to tell you. Now the Government has realized that fire will destroy the stock market the Chinese economy, foreign capital can be sneak attacks, triggering shock situation, so core to mad cow shackling become Manniu. But the stamp duty on the policy a bit too failed, took the opportunity to pressure institutions to make use happen to be a loss of investors anger had been aimed at the national Ministry of Finance and Administration of Taxation, and even lead to criticism of the Government's integrity.
Government bailouts to learn after the well-behaved, and they may come to understand the current critical issues of economic overheating and inflation, the stock market is just standard, rather than the book, it is not for the stock market and the entire stock market, interest rates, as Baoxinjiuhuo, there No matter , to find the inner source. So, in May CPI more than 3%, countries do not have to continue raising interest rates. They know that the fragile stock market has not withstand a toss. But the state's iron fist has failed to relax, they are in the preparation of a financial battle.
First, the increase in new offerings. China COSCO, China Mobile, PetroChina, which gradually super-large capitalization stocks listed A shares, are huge "pump", a Chinese offshore sealed even 1 trillion of funds, the total market value of only 17 trillion, Meng, right? ! I believe there will be more money chasing after the new shares, the old strange if the stock price is not down.
Second, the limited sale of shares gradually lifted. In June alone there are more than 60 million non-tradable shares lifted the market value of these shares are generally priced very low or no cost Jiancang simply afraid of lower stock prices. Hungry tiger came out like mad, crazy engulfed the old shareholders will be funding.
Third, the export tax rebate policy changes. Many countries have realized that a myriad of foreign rounded out by the export of domestic capital markets. China Central Television has reported two days ago, a pair of jeans sold in the country only around 100 yuan, the export price turned out to be 100 U.S. dollars. Why? On the one hand firms obtain substantial tax rebates, also reached the foreign investment can take the opportunity, without leaving any traces. I previously ran the customs front, and a number of export processing zones are two outside, they are not competitive, but to do some simple processing and assembly of the incoming senders of menial jobs, seemingly on fire, and actually within the virtual. Customs and Excise people actually understand the tricks of those processing enterprises in the zone, but taking into account a city's GDP and foreign export growth, one eye on the open eyes closed one eye. The results of a large number of loss of state taxes. Today, change in policies, export is difficult, and inevitably lead to an increased supply of the domestic market, but the people dragged down by high prices, have lost their spending power, food and clothing, where, what demand? Therefore, the inevitable price drop. You see Hainan bananas are rotten in the ground to know. In the future there will be more the drop in prices, including steel. Because the state has restricted the export of steel and lower export tax rebates.
The drop in prices, resulting in lower cost housing developers, although the land tax and Chu Rangjia on the rise, but the cities popular sport has gradually expanded the city, more rural collective land is a new role as land, increase land supply, do you still believe fewer and fewer houses do? Casually by bus, crossing the city, you will find that everywhere newly built houses, many buildings are still empty. Because many of them speculators, they bought a number of houses he lived, however, the sole purpose of obtaining the difference.
When a city rich leaving only the buildings, there is no other strong economic growth, when the prices continued to rise, but volume shrinkage a long time, this city has already been emptied of. The people all the savings on to the developers, and high credit. Bank development loans only to developers, but also a large number of open personal credit. Coupled with lax auditing, many of the original value of 10 million homes may be pushed up to 500,000 yuan malicious developers. Bank lending, after deducting all costs of developers, take the remaining 400,000 to continue to build tall buildings, compounding effect so that the growing bubble, developers profit more crazy, but the people unable to access the final set, the property market bubble bound to burst (only casually For example, to say the number of children). Local government investment boom, oblivious to the harm, and even proud of attracting business and investment to other provinces and even foreign businessmen have incurred and give all kinds of taxation, land use, actually asking for trouble. I had no objection to the formal Investment, some foreign capital did stimulate the local economy. However, foreign capital is also a double-edged sword, not to mention also some failures, "空手套白�quot; level of capital, seemingly large international consortia, in fact, primarily set their eyes on bank loans for a living. For example, Shenyang Hunnan New District, the introduction of South Korean Trigem Computer and SR Park, headquarters of the results of TG Sambo went bankrupt, leaving millions of dollars in Shenyang Qian Dai away, bitter Shenyang Bank (the final package by the state of debt write-off bad debts, costs or by people an equal share). SR Park, build them up to half of the bosses were gone, and is still an ass high loans, bank deceived stupid. In addition policies are unfair, for local businesses is discrimination, restrict the development of local enterprises. No long-term foreign investment, they are just fame and wealth, the ruthless earn hug, can not make the withdrawal. For example, sub-Speak, a remote town, originally price 500 yuan / sq, a sudden influx of a number of hot money and foreign investors, built a number of buildings to house prices pushed up to 1000 yuan / flat, do you pay any attention to? The Government took the opportunity to jack up prices, earning a fortune. People you do not buy, they can be combined price Chaodao 2000 yuan / sq. You pay any attention to? When prices rise to panic after the acquiescence of the Government of popping up, the people finally give up resistance, pull out hard-earned money Xiangdi pressure, and a large number of loans. This consequence is that the people at a high level disk access, foreign-body who went back, the Government has continuously rising GDP to obtain a reputation as high-ranking officials promoted. The last to leave the people is the unrealistically high home prices and a tightening of domestic demand. Jiangsu and Zhejiang in wealthy people's eyes, the Northeast is a remote town. Fierce eyes of foreigners in the capital of China was covered town.
Repayment 2,000 yuan a month, do you dare wasteful consumption? City Neon, the pub restaurant top 80% of the consumption of public funds or private enterprises guests, more than half the vehicles parked blue card. But the decline of consumer goods are destined to watershed. The tertiary industry will usher in the winter.
Recently, the Government pay for troops, to the retired workers, civil servants pay rise, pay the amount of money sufficient after-market, and prices accordingly raise, inflation is out of control. Salary increase for the farmers was a great injustice, because they are the end of class citizens in China, each pay all fail to get them, but do not have medical insurance, unemployment protection, protection of children's education. A few years ago abolished the agricultural tax is also excited not, many foreign countries have high prices to subsidize the agricultural industry. In recent years the country to promote the building of new countryside, it was like to improve the rural situation. However, according to the author about the current quality of life for many rural farmers than even 90 years (and the author is a native of Shandong Jining Jiaxiang).
In addition countries also allowed to invest in overseas equities QDII, a partial solution to the problem of excess domestic funds, thorough investigation of 50,000 yuan deposit and withdrawal, the real-name registration, relatives of executives of listed companies stocks, foreign exchange regulation also strengthened. The signs are that the Government is really concerned about is inflation. Residents continued to shift their savings to the stock market, as inflation occurs, the listed company's assets will correspondingly valuable, the overheated stock market to attract capital inflows, there is a role for inflation, but the stock market is a double-edged sword, profitability plate too much, the same lead to higher inflation.
Most worrying, as well as the stock market insider trading and crazy speculation. As the regulatory weakness, making unscrupulous, black mouth everybody ruthless in his mouth to run trains, Rat rampant, and even some public offering funds have joined the ranks of speculation ST trash stocks, which is the country will not sit idly. Recently the State to punish Hangxiao Steel, Guangdong Development Securities, Jilin Aodong hastily penalty trouble, there is a connivance.
U.S. Enron fraud, not only the financial director of prison being punished, even with brokers and banks with billions of dollars in compensation for the stock market, forgery expensive! China Guangxia, TOP, Kelon Yiankeji ... ... these evil Zhuang how much money was going to lose? The listing broker to help them how to suffer punishment? Thorough investigation of illegal funds into the market in recent State will inevitably lead to a number of capital exit, but gradually lower the number of new accounts, there is no follow-up capital into the stock market will rise With passion and fantasy do? In the final analysis, the stock market is only "Drumming Biography flower" of the game, the last of a successor who is the only losers. No new shareholders to participate, only to kill more and more to see who Jiancang lowest. 2 a smear of retail and institutional comparison is definitely the loser. Makers ran light, leaving only individual on the Gao Gang throw another grenade, this game still mean?
Currently we also popular asset restructuring, backdoor listing. Do not you see the U.S. Fund for acquisition of Shenyang Machine Tool shares, Goldman Sachs, Carlyle and other international investment bank acquired S Shuanghui, Fuyao, the United States of electronics, XCMG ... ... Sany want and international capital to resist some results and external problems, competing Share defeat. International capital they had come to help us do to get rich? May 17, Carlyle to invest in the General Assembly held in Shenyang, the reporter privilege to participate in the General Assembly, the then Chinese president never called the Carlyle Group, a media interview, Vice President Zhao Ning made no secret of that, they had come to select high-quality business . Selected corporations do? Assistance available. For example they are out of 10 million U.S. dollars to acquire 30% of corporate shares, listing stock prices skyrocketing, they had to retire. Take a look at Microsoft injection of Sichuan Changhong, I know that re-injected subjects, the stock price will be how crazy. Local governments of course, will be happy to place the beauty of ugly girls who are dressed powder toot peremptorily, and push the restructuring and listing, access to finance, why not? In fact, many enterprises are more dead than alive, and owe the bank huge loans without returning it, the tax also eat Financial. Shenyang Huitianredian, known as the Northeast's largest thermal power company, in heating the case of price increases in 2005, actually still a loss, is already the * ST, faces delisting risk. You said it was business Caodan bar.
International capital money is not paper, they are more savvy. They only select high-quality companies, but also weights the special low pressure, in the Government's encouragement, many do not need to finance high-quality enterprises also face risk of being distressed. The leading private enterprises in Shenyang, great wall, Dalian Wanda, why not giant room prices listed? Their leaders are fool? Clearly not. Smarter than their leaders only. Because once the listing is likely to be hard-founded by foreign-funded enterprises are facing the fate of the acquisition. Wang Zhidong, a former founder of Sina, and it was eventually not squeeze it? In this world, there are two things most powerful: one is, the right, another one is money.
There is also the opportunity to rebound in the stock market, investors can make a sort of relief, if there was anyone still paranoid to think that the stock market will be as hot as the first half of 2007 is simply a non-disease both crazy. Do not believe the experts, for example, the U.S. stock market. An old lady from young to hold 1000 shares of Coca-Cola stock, the old myth of becoming a billionaire, so has the growth of China's company? Even if that kind of company with that kind of environment? Strict supervision and the United States do? Wu Jinglian said China's stock markets as casinos. You to look back, sometimes it is not as good as even the casino. Rules can be changed at any time, the old 1000 out of a foul from severe penalties. This is simply wolves kill sheep slaughterhouse. Deficit of social security funds from the stock market needs a blood sample, loss-making state-owned enterprises need to stock market, a blood sample, large domestic and international hot money makers need to stock market for blood (I admire the sea and Fortis fund managers engage in private Zheng Tuo have gone to sea), There delisting risk * ST shares from the stock market performance need to fake blood, need to ban the circulation of shares of the stock market for blood ... blood ... who does? In many profit-disc progressive flight of time, the current high level of investors entering next drive, the Christian Democrats will be drained the last drop of blood.
Today, the fund is not insurance, investment, over the past month, only a minority of the net growth of the fund, the majority declined. The turnaround in the stock market, once, no one can resist a major trend. Fund is a stock market in the RC-only, you do believe that they will always steady as a rock? When the crash coming, who can not get out. The so-called book rich in a few nights Yanmie between the fly ash.
Lang said that in the international financial markets, the stock market could have been very function of investment markets, but China was alienated as a speculative market. We are people, currently have not established the premise of the whole society under the credit file, there is no bottom line can be retreated, so develop a gambling mentality. Who in the current stock market to do long-term investment, "is dead does not sell," Who is the real big fool. You see Industrial and Commercial Bank of China, Bank of China shares changed? This year you hold for six months, there is nothing to talk about earnings. Also to educate our long-term investment? Now dare to lick the blood of the investors in the knife-edge, post-band and perhaps do some of the opportunities. But do not forget, in the bear market coming, every time bargain-hunting may all commit suicide, a fairy will also be difficult to determine when and where is the end. Access can only be good Flying Flying injured.
Last wordy a large vernacular: money in the stock market, high risk, but the number sign. Do not take a profit out Never say how much.
