Category: Money tips Release Date: 2006-08-01
Source: Kim Merrill Lynch Investment
Monday tape strong upside. Morning to 2103-point benchmark Shanghai Composite Index opened slightly higher, the callback to 2100 points higher after the shock, a significant larger volume. High stocks in the afternoon a strong shock. Zhong Pan index closed at 2161 points on turnover of 54.8 billion, compared with the previous day into a larger one.
Message level, the China Securities Regulatory Commission Chairman Shang Fulin, December 2 in Shenzhen, pointed out that currently China's capital market is at an important turning point in the development of the urgent need to improve the functioning of markets, improve market mechanisms to improve market efficiency and competitiveness, to further promote the capital market reform and development. China's capital market to achieve sustained and stable and healthy development, and continuously strengthen and improve the competitiveness of China's capital market and appeal, we must unswervingly to grow the ranks of institutional investors. This year, the rapid expansion of the ranks of institutional investors. One is to raise funds 84 scale up to 330.1 billion yuan, an increase of 262%. A substantial increase in market value of the fund's holdings over early this year, an increase of 110%. Second, the commercial banks to set up fund management companies experimental work steadily. 3 is a Qualified Foreign Institutional Investor (QFII) pilot projects and new steps. Fourth, the insurance funds, pension funds and other institutional investors to invest in further increase in the size of the capital market. Issued next year, the number of funds or will continue to increase dramatically. "First Financial Daily" recently learned that next year the Commission will accelerate the pace of fund products for approval, the fund companies will be able to release more funds products.
Secondary market, announced today the formation of short squeeze Quotes broader market. Disk 1, second-line blue-chip side by side to do more, inside hot full bloom. Last week, a strong comeback to adjust large-cap blue chips. With China Merchants Bank, Shanghai Pudong Development Bank, led by the financial sector a great new high momentum; China Unicom, the Yangtze River Electric. Li, also issued upside strength, broad-market index stock index accelerated to rise up together. Shanghai Composite's another record high, investors Xinxinbaopeng, off to raise money grab aggressive. Short-term hot money 4 attack, second-tier blue chip has undoubtedly been the focus of attention long. Automobile plate is particularly eye-catching. Shanghai Automobile, Chang'an Automobile, Jiangling Motors were all washed to the forefront of gains. Energy Power Plate also doing well. Meiyan utilities, SDIC electricity, Huayin Electric Quotes and other sharp compensatory growth. Meanwhile, Baotou Aluminum, Yunlvgufen and Ningxia Orient Tantalum Industry and other non-ferrous metal stocks may have also been an active pursuit of funding. Maotai, Chihong Zinc and Germanium and other high-priced fund Awkwardness strong Hengqiang, right market funds play a significant stabilizing effect. In addition, new high-listed China Merchants Energy Shipping opened a high walk by the active pursuit of funds to buy Ta Kong; S Eastern, S Saidi, etc. After the rapid resumption limit-market is fully active posture.
Taken together, tape another year, a new high Monday, after trading stocks form a significant upside momentum. In the OTC fund the active participation of a second-tier blue-chip fully active, and the trend was short squeeze, market sentiment is extremely high. Stock market outlook is expected to continue the upside Quotes. Comprehensive judged: call 2, the operation proposed
