Category: Money tips Release Date: 2006-10-02
Source: Ling Xue-wen Guangzhou Bandung
At the management to strengthen market supervision, the CBRC relaxed the scope of QDII overseas investment to ease liquidity, as well as policy tightening is expected, etc. The combined effect of various negative factors, the Shanghai and Shenzhen Tuesday sided tape has finally started down the adjustment Quotes. Recently, a series of negative factors that help to reduce speculation in the market was overheated atmosphere, especially in the short-term initiative to help resolve a technical correction to adjust the pressure to curb the further expansion of the market structural foam. From the operation of short-term market environment, the current tape does exist of policy risks and market their own internal technical amendments to the requirements. So with the current operation of the market situation, I suggest that investors should take the initiative to adjust the structure and the proportion of positions. Careful investors should find Eleventh Five-year focus on the development of the eight major industry-related species has already caused an active interest in mainstream funding, including new energy and new materials, aerospace and military industries, so investors in the process of asset allocation process should be focus on national industrial policy to support industries.
[Today's market conditions]
In the tightening policy is expected, the management to strengthen market supervision, and China Banking Regulatory Commission to relax the restrictions on QDII overseas investment to ease liquidity, etc. The combined effect of various negative factors, the Shanghai and Shenzhen broader market Tuesday shocks adjustment of the stock market has finally started, the two cities showed a unilateral significant downturn in the stock index trend, both the long Yinxian reported income, the total turnover of 307.182 billion. Index runs from the day the trend point of view, early in the Shanghai Composite Index opened 4055.83 points, after the adjustment of the majority of individual stocks dragged down under the repeated shocks, the Shanghai Composite index fell below the 5 and 10 day moving average, and a row below 4000 point and 3900-point mark, intraday low of 3891.36 points to close at 3899.18 points. Shen Chengzhi morning slightly shot up and hit a new high of 11,828.93 points, after the corresponding rendering Quotes unilateral shocks down trend.
From the disk situation, the two cities large stocks fell, including the Shanghai market Change Number ratio of 196:625, Shenzhen market, the ratio of 143:457 Number Change. From the table or view, Hangxiao Steel, Fort electronics, bus shares, Tianwei change security, Shandong Hailong, Century Plaza Hotel and other 19 non-ST stocks daily limit. Specifically, the part of the reorganization of assets and assets into the subject, as well as varieties with some equity growth potential problems, such as China Petroleum Chemical Building, Bright Dairy, since the instrument shares, shares, and so the bus. Second, the Eleventh Five-year focus on the development of high-tech industries such as new energy, new materials, aerospace and other related stocks were active, such as security changes Tianwei, Li promise the sun, Kaidi Electric Power, Force yuan of new material, Hongdu Aviation, China satellites. From the drop table, the recent rise in shares of a huge variety of financial and other subjects sharp adjustments, such as the East business, shares of China l, Fujian, southern spin, Hubei, Miami and other 9 stocks lower limit, the financial sector and some indicators of stock weights has also come down substantially, such as Sinopec, China Unicom, Bank of China and so on, targets the adjustment of shares of stock and subject matter to become a drag on tape today launched a major short Shenfudiaozheng pressure.
Tuesday, the Shanghai Composite Index opened to 4055.83 points, up 4069.85 points, the lowest 3891.36 points to close at 3899.18 points, down 147.21 points, or 3.64%, turnover of 207.435 billion; Shen Chengzhi opened 11,754.70 points, the highest 11,828.93 points, the lowest 11,397.57 points, close of 11,414.54 points, down 317.54 points, or 2.71% on turnover of 99.647 billion.
[Today In news]
1, the SFC ministry of the fund to the fund companies, custodian banks issued a special account for financial management on a pilot draft approaches require fund companies to apply for a single client-specific asset management business, the assets of each business shall not be less than 50 million yuan , the fund's assets under management up from the 20% share in net earnings.
2, China Banking Regulatory Commission recently issued a "Commercial banks engage in futures and futures clearing houses保证金存管business service management approach" (draft), the provisions of commercial banks in the futures clearing houses have to pay 200 million yuan clearing excess reserves. Moreover, requiring the commercial banks for futures settlement business, and other qualifications.
3, "51" after the revaluation of the RMB like gangbusters. Following last Friday intraday trading the yuan against the U.S. dollar after breaking 7.68 mark yesterday, have taken advantage of breakthroughs in the U.S. Dollar mark, reported 7.6739 yuan. And this is a new high of nearly six trading days the fourth record the RMB exchange rate. 4 Since the end of the yuan is a way to accelerate the continuous appreciation of the running. In U.S. Dollar terms over the past five trading days to reach the yuan has appreciated 0.41%, which in the foreign exchange reform of the stock market since the interpretation is relatively rare.
4, the National Development and Reform Commission yesterday issued a "high-tech industry development" Eleventh Five-Year "Plan" which called for support qualified high-tech enterprises in the domestic board and listed on the SME board. Vigorously promote the SME board system innovation, shorten the period of public offering counseling, simplifying approval procedures to speed up the process of small and medium high-tech enterprises to go public. The timely availability and Growth Enterprise Market. Gradually allow the qualified high-tech enterprises to enter the transfer agent of shares of securities companies share transfer system. Support the development of regional property rights trading market, expand business channels for venture capital exit. Support the qualified high-tech companies issuing corporate bonds.
[Afternoon Brief]
At the management to strengthen market supervision, the CBRC relaxed the scope of QDII overseas investment to ease liquidity, as well as policy tightening is expected, etc. The combined effect of various negative factors, the Shanghai and Shenzhen Tuesday sided tape has finally started down the adjustment Quotes. Analysis of market conditions in the previous session already mentioned, the Chinese Securities Regulatory Commission recently issued a "Circular on Further strengthening of investor education, strengthen market supervision and the work of the notice" as well as the China Banking Regulatory Commission to relax the restrictions on QDII overseas investment initiatives from a side illustration of the recent theme of shares The stir-fried, and market speculation has caused an atmosphere of enhanced management's attention. At the same time, the National Development and Reform Commission Task Force recently released a report, the next step the macro-control will continue to increase monetary policy tightening and gradually raise interest rates, from the demand for money on the tight liquidity, prevent the development of the virtual economy bubble and the entire national economy from the "fast" to "overheating" transformation to a certain extent these factors affect the market's investment expectations. The author believes that the recent series of negative factors that help to reduce speculation in the market was overheated atmosphere, especially in the short-term initiative to help resolve a technical correction to adjust the pressure to curb the further expansion of the market structural foam.
Recalling the last phase of the market performance, access to since late March in the national economy and the performance of listed companies-than-expected growth, stimulated by, the Shanghai Composite Index above 3,000-point mark for the smooth and shocks all the way up, despite the rapid emergence of short-term adjustment, but with the new shareholders of the large-scale approach, the new funding stream to further push the influx of high-index, in particular the lack of performance supported by a number of themes storm fried varieties were aggravated by a climate of speculation in the market. 51 holiday Shanghai Composite Index is made great strides to break the 4,000-point mark integer resistance, in order to curb excessive speculation in the market, regulators in a timely manner to strengthen market awareness of risk notification, at the same time ease the excess liquidity situation, authorities have also introduced a corresponding policy measures. In my opinion, from the operation of short-term market environment, the current tape does exist of policy risks and market their own internal technical amendments to the requirements. So with the current operation of the market situation, I suggest that investors should take the initiative to adjust the structure and the proportion of positions.
From Tuesday's market performance, part of the reorganization of assets and assets with a variety of subjects continue to be injected into the market's attention. Recently I repeatedly stressed that, in digging into the asset reorganization and asset investment opportunities among the central enterprises should focus on grasping the new round of reform and reorganization of a huge hidden investment opportunities. According to statistics, the current 157 central enterprises, there are 87 central enterprises, either directly or indirectly controlled by a subsidiary of A-share listed companies, which total more than 200 listed companies and should therefore be particularly concerned about the injection of assets, including opportunities for variety.
Investors should note that the National Development and Reform Commission recently released a "high-tech industry development" Eleventh Five-Year "plan" to define the "Eleventh Five-Year" period to focus on the development, organization and implementation of the eight major industries and nine major special projects. These eight key industries, including: 1, the electronic information industry: a comprehensive upgrade the integrated circuit industry, strengthen the software industry, adjust and optimize the electronic components industry, the first and strong communications manufacturing industry, focusing on cultivating the digital audio and video industries and actively develop the computer industry, vigorously develop the electronic equipment industries; 2, bio-industries: the priority development of bio-pharmaceutical industry, vigorously develop bio-agriculture, actively developing biological sources, accelerate the development of bio-manufacturing; 3, aviation and aerospace industries: to expand the scale of civilian aircraft industry to enhance aviation industry supporting capacity, enhance Satellite R & D and manufacturing standards, focus on the development of satellite application industry; 4, new materials industries: electronics and information materials to enhance the level of aviation and aerospace materials to speed up development, expanded energy materials production; 5, high-tech services: strengthening information infrastructure, enhancement of telecommunications services the ability to promote e-commerce and e-government development, and actively developing digital content industries, and foster technical services; 6, new energy industry: great efforts to develop renewable energy, accelerate the development of advanced nuclear power, actively develop hydrogen energy; 7, marine industry: cultivation of marine bio-industries, accelerate the development of deep-sea resources industries, and actively promote the comprehensive utilization of seawater; 8 upgrade traditional industries with high technological transformation: strengthening agricultural high-tech popularization and application efforts to promote saving energy, accelerate the development of environmental protection industry, actively promoting industrial and information technology to strengthen development of major technical equipment, speed up development and industrialization of key technologies. Careful investors should find Eleventh Five-year focus on the development of the eight major industry-related species has already caused an active interest in mainstream funding, including new energy and new materials, aerospace and military industries, so investors in the process of asset allocation process should be focus on national industrial policy to support industries.
