Category: Money tips Release Date: 2007-03-03
These securities research agencies believe that interest rates on the consolidation of the results of the previous phase of macro-control has a positive help to increase interest rates because of the limited impact on the capital market in the near future will not be very obvious.
R & D Center China Merchants Securities to a new report argues that China's securities market 10 years of the development process, the interest rate adjustment and the performance of the correlation index is not very clear. The report concluded that, from a theoretical perspective, interest rates will lead to A-share market valuation levels. However, the actual view, as long as the modest interest rates on the overall impact of the economy and corporate earnings growth will not be too large, in this case, the stock market performance will depend largely on other factors, including macro-control, the listed company's profit grows policy face change. It is therefore recommended investors after raising interest rates due attention to oil exploration, road transport, ports, banking and other industries, but should focus on bottlenecks Meidianyouyun class industry and consumer industry with leading brand companies.
Shen million in a research report pointed out that the bond market yields, after raising interest rates will rapidly rise, the overall market, yields rose in the range of 30 to 50 basis points or so. Long letter that the fund companies, research director Chang Cheh, since the main investment products within a one-year securities, the price declines are limited, money market fund will benefit from the interest rate increase.
Bank-based investment advisory body to Chen Xian believe that interest rates do not ebb and flow of the main factors affecting the stock market. In general, the overall economic trends and the overall profitability of listed companies, the decision is a major factor in the direction of the stock market. Dependence on bank lending interest rate will produce a strong impact on the industry, real estate, transportation, steel, automotive, aviation section will be adversely affected; the airport, ports, food, beverage, pharmaceutical industry is not affected.
Shen 10000 Paris fund companies that rate hike expectations in the market as early as in the short term, but is the advantage of this opportunity, "unless the market is generally expected that this rate hike of only a prelude to a series of increases in interest rates." Investors should avoid high - liabilities, high energy-consuming industries and enterprises will invest in consumer focus to the commercial retail enterprises, tourism enterprises, food and beverage business and adequate cash flow companies, such as Wuliangye, Tong Ren Tang, Shanghai Airport, the Yangtze River and electric power.
