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Data:2009-12-12 2:34
April 14 morning meeting of all bodies essence
Brokerage and research institutes in the morning will report all parties to focus on the People's Bank adjust the foreign exchange policy information. Agencies believe that this adjustment reflects the six countries from the "possession of the Meeting on the State" to "foreign exchange held by the people" of the policy change, to further promote the free convertibility of the RMB and exchange rate reforms and the establishment of good for the QDII policy on the preparation. Turning to the impact on the secondary market, the parties considered that because of the statement QDII to invest only in fixed income securities, with the A-share market "dislocation business", so basically no impact on the stock market.
Yesterday, the trend for the broader market, many institutions that the market's short of energy began to release, does not rule out the possibility of a further decline in the future broad market, investors should be cautious in the short term.
The following is part of the broker's morning report on key points:
Hai Tong Securities
Hai Tong Securities does not concern the reform of foreign exchange policies. On the secondary market fluctuations, Hai Tong believe that yesterday's plunge during the recent outstanding performance of the hot plates are subject to significant sell-off, showing a large number of accumulated profits set to honor the wishes of the strong. However, in another context, the number of personal accounts surge in individual investors has become a major investment powers, reflecting the confidence of investors fully warmed up, is likely to lead to continued capital inflows.
Ping An Securities
Ping An Securities and foreign exchange policy changes made by a certain concern. Ping think that the future of China's foreign exchange management from the "possession of the Meeting on the State" to "foreign exchange held by the people" changed gradually open capital account, and now the further opening of the current account and foreign financial release is towards the beginning in this direction, it is estimated that introduction of the QDII, the central bank will adopt a more cautious approach, and gradually open up.
The A-share market yesterday, safe short-term market pressure that gradually increased, coupled with QDII may be affected by such negative rumors as well as the floodgates early varieties facing strong pressure from profit-taking continued to increase and other effects, A-share market may be continue to callbacks, it is recommended the need for investors to be cautious in the near future.
Shenyin
Shenyin the adjustment of foreign exchange policy, carried out focused. Shen Wan that the relaxation of the current account adjustment of businesses and individuals to buy foreign currency under control, is conducive to the release of businesses and residents of the real foreign exchange supply and demand market forces to improve the RMB exchange rate of the decisive role. For the QDII's started discharging water from a policy perspective that Shen 10000 QDII investment scope is also limited to fixed-income securities, although this might entail a stronger linkage between local and foreign currency interest rate and other effects, but the role of the stock market funds are not dispersed be very large, investors need not worry too much about.
For the secondary market yesterday, Shen Wan's view is that after two days of sideways drift in the broader market has finally begun after the callback, pre-resurgence of nonferrous metals, real estate decline home plate before the broader market in the short term there is a change from the disk may be, the investment should an active interest in the policy side, exercise caution.
Xiangcai
Xiangcai Securities attention to the central bank's foreign exchange policy reform, but did not comment on this message. For the broader market yesterday, the adjustment of the surface Xiangcai that yesterday's crash was caused by the news side, but the main reason for short-term profits drive the market too big, there are signs of trouble would trigger a taking, from past experience found that each large level inversion Quotes occur once in a choppy session, is a normal phenomenon, if the A-share market really has bottomed out and reversed the formation of a wave of large level market, then these bad rumors are likely to again become a major force in some Xi Pan tool, investors should maintain rational thinking, short-term benchmark Shanghai Composite Index 1300 ~ 1320 points, may constitute an important support area.
Everbright
By news of Everbright did not make any Comments. With respect to yesterday's market, the group that since the current round of Quotes or greater, the market has accumulated a large number of profit-plate, especially when the broader market appeared high of stagflation, the profit motive of honor disk started to increase, decrease disk is a profit Thursday plate concentration of cash results. In addition, as news of the increasing uncertainty and restricted Quotes develop. Overall, despite the plunge occurs after the market Fanchou, but the short kinetic energy is yet to be further released.
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