Category: Money tips Release Date: 2006-10-05
Current guests
Xinjiang Securities: Zhang
Southwest Securities: Gang
Huatai Securities: Chien-Hua Zhuang
Evening Finance: The Central Bank raising interest rates over the weekend, and while raising the reserve ratio, the stock market is "lunch" or "dinner" question to re-plagued investors, small and medium retail sale was not a little at a loss. How do you think?
Zhang: This is a strong policy signal, but the focus is on macro-economic rather than the stock market will have some impact on the stock market run, but the effect is still likely to be digested in a short time. Afternoon of view, the long-term bullish stock will not change the overall pattern, but the 998-point rise since the bull market in the first wave is close to the end of the next couple of weeks there is still ascribed to the possibility of stock, but as the market rise, stocks the trend has been away from the fundamentals support, showing clear signs of over-and post-bubble, the market risk of a gradual convergence problem is that investors have to be serious concern.
Gang: Last week, there is a policy needs special attention, commercial banks, China Banking Regulatory Commission lifted QDII products "shall not be directly invested in stocks and structured products," the restrictive provisions of the QDII investment scope will be extended to foreign stocks. Insurance, the Fund's QDII products are expected to further open up the relevant provisions. Relax QDII help to reduce the pressure of RMB appreciation and improve the situation of excess liquidity. With H shares of mainland A shares are mostly heavyweights, and the A share price generally much higher than the H shares, subject to some downward pressure.
Chuang Qian China: the policy implications of raising interest rates is still there, the present greater investment risk, needs some adjustments to defuse the pressure on overvalued stock prices.
Evening Finance: how do you look at the current B-shares, as well as opportunities?
Zhang: As the price of B shares is generally low, and the market prospects for the future will be for the B-share market reform measures, therefore, B shares into a sharp rise is the logical thing, but the short-term increase in B-share market has been too large, may occur at any time technical adjustments.
Gang: In addition to A shares, B shares worth noting worse than a large company, 24 pure B-share companies how to solve the issue of split share structure is also worth looking forward to. One possibility is that investors do not enjoy the light of H shares on the stock price change model, 24 pure B-share companies to achieve full shares of reform; Another possibility is that the company's stock for the 24 reform to make a new policy. In any case, 24 pure B-share companies in the future share reform policy, is expected to form a certain amount of positive expectations.
Evening Banking: Present and asset restructuring-related stocks go strong, but some investors worried about the past "Village," a comeback, and want to participate in fear sets, do you have any suggestions?
Zhang: Since the beginning of the hot markets are concentrated in the subject shares and re-stock, most of these stocks on both a "village" traces of the original market makers, and there is no essential difference between the situation in the current round Quotes before the end will continue, and have intensified the trend of investors to participate in the time to note that the event of a risk, should be high time to get rid of, the chips returned to the dealer.
Chuang Qian China: This is inevitable. However, different from the previous stock split are resolved, the major shareholders of listed companies to improve the desire is very strong, so now the authenticity of the reorganization of assets is much higher, especially the shareholders, good background, industry policy support to large companies, restructuring credibility and effectiveness are to be expected, the risk to invest in such stocks is still controllable.
