Category: Money tips Release Date: 2006-09-12
Source: Oriental Fortune
Today's stock up sharply. Shanghai Stock Market today opened 3784.27 points, up 3851.35 points, the lowest 3759.48 points to close at 3841.27 points, up 81.41 points, turnover of 188.75 billion yuan, up 510, down 345; Shen Chengzhi, today opened 10,719.31 points, the highest 10,893.23 points, the lowest 10,642.03 points to close 10,865.88 points, up 177.33 points, on turnover of 92.48 billion yuan, up 344, down 228.
Message surface: 29 People's Bank announced the decision from May 15, 2007 onwards raise deposit-taking financial institutions, the RMB deposit reserve ratio by 0.5 percentage points. The central bank said the move is to strengthen the banking system and liquidity management, guide reasonable growth of credit. The raising the deposit reserve rate is the 4th year, the central bank to use monetary policy tools in this, but also since 2006 the 7th raising the deposit reserve ratio. This adjustment, the average deposit-taking financial institutions will implement 11% of the deposit reserve ratio standards.
Securities and Futures Commission recently issued a relevant person in charge, saying that the full circulation in the current market conditions, securities law violations of the models, tools, etc., have changed significantly from the previous fictitious profits of listed companies to a false presentation of the main concrete measures aimed at dissemination of information with the secondary market stock price manipulation, insider trading mainly illegal profits faster, more covert. In this regard, the SFC will adopt a more active and effective regulatory response, rapid response and timely placed on file.
Shanghai and Shenzhen stock markets opened higher early slightly raise reserve ratio bad money enters into off-grounds. After covering the day after the stock into a strong upside gap in the state, Hu Zhi break 3800 points, Liangnengfangtai.
Disk observation, backdoor listing, cross-shareholdings, the Expo concept, equity finance, the trend clearly a strong theme of shares, textile machinery, finance, media, digital television and other industries propelled index stood above the 3800-point mark, only stocks nearly two cities daily limit. Ping An of China (601318) afternoon once again pulled heavy volume, during a time more than 6% rise on the stock strength to play an active role. Iron and steel, aviation, coal and nonferrous metal industries in the short-term liquidation pressures began to fall. Hu Zhi afternoon, continue to be ascribed to the biggest gains approaching 100 points, Stock Quotes one after another in order to stake a hot topic, led by brokerages plates continue to be strong, so strong stimulation of a wait and see great capital, attracting incremental funding re-enter the court, part of the decline in the larger stocks are once again fast rebound, even the lower limit individual stocks also opened lower limit, can be said that the Dayang accelerate Quotes Festival has confirmed that is no doubt that investors can continue to increase positions to meet the accelerated Festival Quotes.
There are market analysis, stock index Monday in the bad news does not fall under the influence of anti-inflation, perhaps due to a lot of investors are expected to see beyond the empty, of course, is also a short look at the way air is not afraid to look at the empty plus short, in that case also in a bull market can do nothing. Perhaps many investors want to understand why the broader market rose and rose up instead of down nearly point? According to the last view is that raising the deposit reserve is bad, but now of the stock market, the raising the deposit reserve has become a good way to clean Fu Chou. As a result, the Festival of the stock market can look at a high line. Why do I say? For example, the disclosure of CITIC Securities report showed first quarter of 2007, the company achieved net profit of 1.254 billion yuan, an increase of 902.52%. CITIC Securities substantial growth in first quarter profit is only a microcosm of the securities industry thriving. As the stock markets continue to take the cattle and keep a record amount of transaction days, brokerage and self-service brokerage business experienced an unprecedented opportunity. On the one hand, the first quarter of this year, stock funds warrants transaction volume has reached 8.64 trillion yuan for the full year 2006 turnover of 77%, average daily trading volume more than 150 billion yuan; year on year growth of 176% and 171%. In this transaction level, the average daily average of each brokerage fee income 450 million. In accordance with this standard, the market annual turnover will reach 36 trillion yuan, annual brokerage fee revenue will reach 110 billion or so. In a quarterly basis, if the market average daily volume of transactions for each additional 10%, the industry's net profit will grow 7.7%. The other hand, since the beginning of the stock market, the brokers are also self-employed business profit a lot of money again this year is a listed company the first year of implementation of new accounting standards, from the second half, all securities companies also will implement the new guidelines Investment floating surplus revenue will be the first time in brokerage profits are fully reflected so as to further enhance the performance of brokers.
Steel and brokerage operational concepts and the active involvement of banks and other blue-chip funds, cause for concern.
