Commission: China will not issue construction next week
(And the original hearing Financial)Online rumors against China next week to issue construction, the department head of the Commission on the 28th that China's construction did not get the approval of the Securities and Futures Commission documents, not to mention the issue to issue
(And the original hearing Financial)SFC authorities said, "The results from the point of view, we have to grasp the new shares issued rhythm, to issue a strict supervision and do a good job of work approved by the audit, on the other hand we have to play the role of the market, strengthening the market constraints."
(And the original hearing Financial)Securities and Futures Commission said the departments concerned for the community on the issue of reform proposals and opinions, the Commission heard a wide range of views and market research, and strive to create the conditions for continued reform and improvement of stock issuance system.
(And the original hearing Financial)"There are a raise levels of professional intermediaries, the transition to eliminate speculation, so that the stock price better reflect market supply and demand and scarcity of resources, to improve the capital market as an efficient allocation of resources."
(And the original hearing Financial)SFC: ABC does not have to apply for issuing and listing conditions
(And the original hearing Financial)The Agricultural Bank listed on the issue, the China Securities Regulatory Commission departments were responsible for 28, said, "For us, with ABC, like other enterprises, to apply for listing must be in line with legal requirements and to fulfill the legal approval process. So far ABC did change, we should say that do not have to apply for the listing of the issue, and none of receipt of the application. "
(And the original hearing Financial)(And the original hearing Financial)
Social Security Fund will be part of the additional investment to stabilize the stock market confidence
(And the original hearing Financial)28 reporters from the National Social Security Fund Council was informed that the National Social Security Fund Council will initiate the expansion of the index of investment to strategic investors in his capacity as listed shares after the country opened and the line of the Agricultural Bank, to Chongqing, and other high-speed projects Trust Loan And so on, to support financial reform and economic development.
(And the original hearing Financial)These include:
(And the original hearing Financial)Increase investment in key state projects and focus on issues related to people's livelihood-related projects, and strive to achieve on the central "to promote the development of" strategic requirements;
(And the original hearing Financial)Expanding the investment scale of the index, at the same time some of the additional equity investments in order to stabilize the market and confidence in capital markets to pursue long-term development of a stable income;
(And the original hearing Financial)Pay close attention to the China Development Bank and Agricultural Bank of China's joint-stock reform process, in order to prepare a stake in his capacity as strategic investors to support the country's financial reform;
(And the original hearing Financial)Chongqing to the high-speed, such as 5 projects to provide a total of 5,000,000,000 yuan loans to the trust and support infrastructure construction and economic development;
(And the original hearing Financial)Step up development of equity fund management approach, in order to further lay the foundation for equity investment fund.
(And the original hearing Financial)According to the National Social Security Fund Council, chairman of Dai Xianglong, the face of financial market volatility and the risk of increased social security fund to initiate a series of measures with a view to promoting self-development while promoting the development of the capital market to support financial reform And economic development. He pointed out that the Council will adhere to the long-term investment, the value of investments and investment responsibility for the idea of task, convinced that the current difficulties there are the social security fund for the future development opportunities. (Xinhua)
(And the original hearing Financial)(And the original hearing Financial)
Good weekend or policy one after another
(And the original hearing Financial)In the heavyweights, although most of the stock finishing at a pattern, but the China Petrochemical (600,028, it shares) to the strong trend of this stock today will play a supporting role well. From which we can see that the planes go a long way to support Sinopec's intention, therefore, the stock fell short of space and not be very big.
(And the original hearing Financial)On the whole, this is the weekend, the weekend is expected to be positive after yesterday's rate cut, does not seem to have too much worth looking forward to. Today the stock is still the main trend of strong petrochemical planes to support an active, but in the absence of heavyweights to support the only building stock can hardly be optimistic, however, from the current volume to the overall market and hot case, is expected to remain difficult in the afternoon stock As there is, therefore, in the operation, and more recommendation to see less action is appropriate.
(And the original hearing Financial)Today: yesterday afternoon, the Ministry of Railways held a press conference announced that the long-term railway network was planning to adjust on October 31 formally approved by the state promulgated and implemented. Under the new adjustment program, in 2020 the national railway mileage of business planning objectives from 100,000 km to 120,000 km to adjust more than one passenger line from 12,000 km to 16,000 km to adjust electricity rate from 50% to 60% adjustment, the main The realization of passengers and cargo at the busy trunk lines, the basic layout of the formation of a reasonable, clear structure, function, smooth convergence of the railway network capacity to meet the needs of national economic and social development, the main technology and equipment to reach or approach advanced international standards.
(And the original hearing Financial)Development and Reform Commission Zhang Ping, director, said yesterday that the current economic downward pressure increasing, the economy has become the principal contradiction. Fuel tax and fee reform in the general requirements of "fair, standard and savings, reducing the burden", after the implementation of all aspects of the reform is to reduce the burden.
(And the original hearing Financial)New Year draws near, people's livelihood have a significant impact on the "oil change" sudden acceleration. The day before yesterday, following a State Council executive meeting to consider the price of oil products and fuel tax reform program, the director of the National Development and Reform Commission Zhang Ping yesterday said that the National Development and Reform Commission and other departments concerned are on the fuel tax reform program modifications to improve, will be revised and improved as soon as possible To the public to listen to the public.
(And the original hearing Financial)Air China, China Eastern Airlines have been "lost" China Aviation Oil sets of security. Originally as a hedging tool for hedging risk, has become the A-share listed companies, many of the Quarterly Bulletin, the annual profit killer.
(And the original hearing Financial)Chen, vice president of the Chinese Academy of Social Sciences, recently attended the "2008 years of Chinese enterprise competitiveness", said that although China's economy from the third quarter of a more substantial decline, but look at the whole year may reach 9.5 percent or so, the The low-speed or not. Due to a series of national policy arrangements, it is estimated that China's economic growth next year will remain at about 9%.
(And the original hearing Financial)It is understood that the Securities and Futures Commission from the start on the 25th of this month, convened to participate in some of the Margin of securities held network test, "one-on-one" communication between the Council, 26, the three firms will participate in the communication, 27, also with several firms To communicate. Whether or not to participate in the network testing of all 11 firms are "one-on-one" communication, that is not. However, it is certain that the quota will be the first pilot to test the network involved in the brokerage.
(And the original hearing Financial)Friday from the auction situation, the two cities has a small stock index opened lower green plate, but the rapid upward trend in stock, there are so many signs of short-term. Opened 1.54 percent lower in early trading of Poly and steel plate was also quick to pull red. Other stock indicators also warmer, the three major lines of the decrease of 1%.
(And the original hearing Financial)From the hot, the performance of a certain type of electricity, Guizhou power source (002,039, it shares) (002,039), the shares Jinshan (600,396, it shares) (600,396), the power to vote, and other major gainers. The board also spring up all over the other, in which the concept of 3G technology trillion-dimensional (600,658, it shares) (600,658) or four days more than 32% of the concept of the middle of the Shanghai Disney shares (600,818, it shares) (600,818) eight days or up to 105.45 %, Were among the biggest gainers were auto manufacturers Dongan the Black Panther, FAW Xiali (000,927, it shares) (000,927), Dongandongli (600,178, it shares) (600,178), with Shanghai Shenda the concept of Disney stock (600,626, it shares) (600,626), transportation of the five cross-Chau, medical Wandongyiliao plates (600,055, it shares) (600,055); plate and the decline yesterday was the first direct benefit of the real estate board, plate A drop of 3.61 percent, the Chinese real estate industry (600,240, it shares) (600,240), shares of the sun (000,608, it shares) (000,608), Tai Lung Properties (600,159, it shares) (600,159), the real estate Xing (000,838, It shares) (000,838), real estate Lvjing (000,502, it shares) (000,502), there are 24 shares fell more than 5%, Poly or 1.48 percent, Vanke has fallen by 3%, or were in the forefront of the financial industry, textile , Aircraft manufacture, coal and so on.
(And the original hearing Financial)The current market is really a headache for investors, also have been pleased yesterday to cut interest rates to stimulate short-term, not expected to appear Gaokaidizou yesterday, today also opened the Green drift across the board, and the signs from the stock still did not give up the multi-power Potential. Government together with a number of good news. At present, investors still wait-and-see-oriented recommendations.
(And the original hearing Financial)In the rate cut to stimulate the good, yesterday the domestic commodity futures were sharply higher opening, but closed only copper, plastics, oil and a small number of varieties of strong and the rest were significantly lower, aluminum, rubber, and so even diving. Both the stock market and futures market reflects the people's understanding of a substantial cut in interest rates, which can prove each other. The trend is the "deal" to show who joking and will not take money, which analysts and the lip can be different.
(And the original hearing Financial)The general consensus is that China's GDP growth must be maintained at more than 8% in order to solve many problems, that is, "to solve the problem in advance." The question now is, although the introduction of a lot of stimulation, but next year is still difficult to maintain the GDP growth rate of 8%. The stock market is a barometer of the economy, there is no reason not reflected in advance. And in order to retain employment, the parties concerned are unlikely to stimulate the economy very accurately, and in order to retain employment, may sometimes forced to start some rather unreasonable and not conducive to optimizing the industrial structure reform.
(And the original hearing Financial)In fact, even in the absence of financial crisis, due to the growing base of our country for a long time it will be difficult to maintain such a high rate of economic growth. To an incredible rate cut, in itself indicates the seriousness of the situation the economy next year, this rate cut is positive signal is given, and at the same time suggesting a gloomy. Interested parties may be thought of the good will greatly boost people's confidence and drive up the stock market, but quite unexpectedly, but the main market of this as a good opportunity to escape.
(And the original hearing Financial)The United States has recently put out of the way the city is incredible, and has reached a frenzied level, that fear is no longer a dollar credit. As a result of this madness, the U.S. property market crisis may have on the surface ahead of the bottom. Nonetheless, the U.S. economy will still hovering at the bottom of the long-term. This is because, even if the property market crises in the past, banks Xueguai, "not to forget the pain" definitely not dare to at random to provide loans to "poor."
(And the original hearing Financial)This shows that even if the property market ahead of the bottom, the consumer will certainly have a long-term downturn, investors should have a clear understanding. When American consumers have no money available, certainly a long-term downturn in the global economy, so China's export-based economy must be better to go. Based on these understanding, investors must do a good job of "long-term war of resistance" to prepare, can not run on the individual good news very exciting.
(And the original hearing Financial)As for the market, to say nothing of the investors are still advised to temper Regrettably, however, to buy bargain stocks on the assumption that the total control positions. Future stock index fell a certain inertia, but dropped after a number of easily repeated, as a result of management will likely be unable to sit still, will likely be introduced one after another "feel good" policy. This market is best suited to guerrilla warfare Qingcang to participate.
(And the original hearing Financial)(And the original hearing Financial)
Cao Fengqi: Government should direct investment into the market and promote consumption must be the revitalization of the stock market
(And the original hearing Financial)Peking University Finance and Securities Research Center yesterday Cao Fengqi, director of the China investment forum, said China should step up efforts to rescue the market, to allocate funds to enter the market directly, in order to increase consumer entity must, first of all to revive the stock market.
(And the original hearing Financial)"Now the market value of 32 trillion from last year, the highest this year, down 12 trillion and 20 trillion market value of not just mean that residents of the deposit." Cao Fengqi to worry about "negative stock market wealth has begun to efficiency, investor confidence in China To the brink of collapse. "
(And the original hearing Financial)Although the domestic has been introduced to reduce stamp duty to restrict the size and other non-rescue measures, but said Cao Fengqi, these efforts do not measure the effect was not obvious that the current situation has been far from adequate. Hope that the government-funded, out of funds directly to the market, the stabilization fund can be established, with the stock market stabilization fund.
(And the original hearing Financial)In his view, the reform does not fully address the issue of size, price limit is not resolved, the possibility of future provisions to reduce the size of the non-price must not be lower than the average price is not lower than the stock to resume trading before the completion of the 12-month average price. In other words, if this can be higher than the left, if less than this will not be able to throw.
(And the original hearing Financial)Cao Fengqi, said of the 10 countries in the rescue package, did not mention the stock market, did not hear all kinds of good news, but finally referred to relax on the financial credit. In his view, increase the entity must be to revive the stock market consumption, stimulate investment and consumption demand need a lot of money, totally dependent on the state's financial and banking capital is far from enough, the entity should be based on a combination of economic and financial, banking and stock market combined debt and equity financing Combination of financing, preparations for the additional funds can be faster. In addition, capital markets, attract more social capital and private capital involved. (Daily News)
(And the original hearing Financial)(And the original hearing Financial)
Chen Lihua: the stock market out of the predicament it is necessary to "save" to "cure"
(And the original hearing Financial)If a person jumps from 6000 meters high and, at least not die too seriously, this time, of course, you can not just tell him to insist on living in the future there will be cake, and hurry to rescue; However, if the idea of "saving "No" cure ", this fell to one person is still alive is also thinking about 6000 meters to climb again, I am afraid that once again people are killed sooner or later, you have to measure the degree of danger. Save the stock market out of their predicament is true, it is necessary to "save" to "cure."
(And the original hearing Financial)The dilemma is whether or not the stock market means the stock of this Change? If so, it is necessary to stimulate the stock market's short-term rise is not hard, then follow the example of a series of U.S. Federal Reserve to cut interest rates sharply lower reserve ratio, coupled with Keynesian economics, "New Deal" format on the line. This is because China, after all, there are 2,000,000,000,000 U.S. dollars of foreign exchange reserves; after all, still the highest in the history of the bank deposit reserve ratio; after all, still the world's highest rate of household savings. It has three family property, if you really want to water, short-term stock prices is no problem; but what? Used to create a bubble of bubble solution to the problems caused by drinking poison to quench thirst is a classic.
(And the original hearing Financial)Change the stock market are "degrees", can not leave the macro-economic foundation and prerequisite for, otherwise it will be a castle in the air, a mirage. China not meeting loan crisis, China's economy was basically healthy, but why the stock market this vertical plug-water drop by more than 70% more than in the United States do? I think it should be a clear understanding of this issue, the stock market out of the woods have a direction.
(And the original hearing Financial)Some people say that because China's stock market does not "reverse brake" - stock index futures, such as hedging instruments. This can not stand scrutiny: the United States, Japan, Hong Kong, China's stock market index futures Is not it? In these markets, hedge funds Menglongguojiang, to stir up trouble, the market has not stabilized. However, many people recognize that stock index futures does not change the basic direction and operation of the law.
(And the original hearing Financial)It is said that the stock market because of the lack of mechanisms to do more than short, so as soon as possible to engage in margin trading and securities lending. Hong Kong has been called the "margin" is not the stuff nothing new. I do not believe that the Chinese stock market on the lack of it, or tens of billions of billions of capital, not only up and up. Margin Is the stock market fell to solve the problem? Such a policy like the proposed abolition of stamp duty as useless correct, the policy is a waste of resources.
(And the original hearing Financial)Some people say that because "the size of the non-" This is a typical representative there, nowadays more universal. Many economists, experts and well-known market in the near future is always called for introduction of regulatory restrictions on the size of the non-reduction policies and measures, I totally do not agree. In accordance with the market mechanism and to share at the time of the previous agreement, the size of the non-payment has been in circulation for the price, why give it to your shares can be sold to honor you, but it's not be so? Why is it necessary to levy a "windfall tax"? What is the fairness of the law? Of course, taking into account the affordability of the market, the reduction in the rhythm, and on ways and means to make some arrangements, such as restrictions on a certain percentage each year, and so on, it was worth considering.
(And the original hearing Financial)It was also the main point to spearhead Jian Guanceng. In fact, the relevant departments in more than 3,000 points, 4,000 points on the use of various forms have been repeatedly reminded the parties to market a high degree of attention to market risks, such as the fund in the industry to carry out an unprecedented large-scale investor education programs in almost every business Points are issued by the Securities Association of China released the "Investor Education Fund Manual", and even extreme fanaticism in the market losing one's sense of time and have no alternative but to take to reduce the size of the placement ratio, delayed the suspension of the new fund, and other extraordinary measures, the market can still Turned a deaf ear to it there would be no investors to irrational factors? Just imagine, at the time of issuance of billions if not put an end to the phenomenon of crazy and cool the stock market will be a picture of what it? Is this, like many other agencies and the majority of participants are themselves nothing to do with it? SFC does not call for 10,000 points.
(And the original hearing Financial)More than a few aspects of China's stock market is not the fundamental reason for the predicament.
(And the original hearing Financial)I think the Chinese stock market is also the crux of the difficulties of the legal system and standard construction imperfections, as well as the derived function of the market dislocation and loss of market integrity. From the first "state-owned enterprises for poverty relief," then the impetus to the large state-owned enterprise "The re-listing" how many of them just want to spend money on the financing, the stock market as a "super-teller", never thought to be shareholders Returns.
(And the original hearing Financial)There is no return on a stock market, of course, will lose its financing and refinancing capabilities, it will not be long before a dead end. This issue and give the next one or two interviews:
(And the original hearing Financial)First, a much-needed reform of the distribution system. The issue of oil hit a market capital of the most magical, you can dissect the game? Inquiry scope of the inquiry could range more widely than some? Inquire whether the actual situation in the framework of an open society? Now the stock price seems to be issued in advance was a good man like that to take the time to no more than a formality, a stock market manipulation there? Even more surprising is whether 40 times PE20 times PE issue, opening up to double the total, who do this opening? Who maintain prices? Ping An Insurance Fortis Investment Bank paid 000 down the drain, last year, think about it lions 160,000,000,000 large openings refinancing, the Chinese stock investors have more money to fill so much dissatisfaction with the black hole!
(And the original hearing Financial)Second, the secondary market be standardized and further strengthened. Occupied by major shareholders, insider trading, to deceive the-fly "restructuring", some of it is large diversion of the course of events, and the "theft" is no different from ordinary citizens to know where one insider! Dier often cheated out of. There are those black mouth full of the world to investors Hu You have to find the north, where can engage in normal investment.
(And the original hearing Financial)Third, the stock market needs a unified management system. The reality is that because the majority of large state-owned enterprises have realized the market, the virtual economy and real economy is that you have in me, I have you, it is necessary to solve the problem of the stock market, the actual situation is the right thing to do both, the embodiment of the financial and economic policies Consistency and coordination, in order to achieve the capital markets and financial markets, economic development and social harmony. The development of capital markets is also a lot of systems engineering.
(And the original hearing Financial)To get to the root system is not hard, clean, and always in the corner while some of the hard angle, this is like the blind men feeling the elephant story, which touch the operator where, I am afraid that does not help. If always rely on a number of short-term approach to stimulate the stock market, it is only a "boomerang" of the game, going out to the plight of China's stock market, it is hard.
(And the original hearing Financial)At present, China is at an important time-space coordinates of the point. From the vertical timeline, this year is the 30th anniversary of China's reform and opening up, China adopted the opening up out of poverty, backwardness, hunger, China's foreign exchange reserves of the world's first, the level of foreign investment accounts for the world's second annual import and export trade volume accounted for The world's third, the fourth of the world's economic aggregate, China's overall economic fundamentals still strong and healthy; abscissa from space, the current volatile world, the United States and the global dominance of a unipolar world is moving toward multi-polarity Of the evolution of China, we are faced with the challenge of a century Nan Yu, Nan Yu, or a millennium. In response to the global economic downturn, the central authorities with immense determination and decisive decision-making in a timely manner, implement the proactive fiscal policy and moderate monetary policy, expand domestic demand growth of 10 security measures, as well as the central 4,000,000,000,000 direct investment to ensure the safety of Chinese Crisis and achieve sustainable economic and social development is entirely possible.
(And the original hearing Financial)On this basis, the establishment of the Chinese stock market, as long as a firm legal system to advance the goals of the market into the system, including the integrity of the market system construction and building systems to protect the interests of investors, the Chinese stock market is certainly promising. We have to fund this kind of professional institutional investors, in the most dangerous moment we find that the market may turn for the better, it is their professionalism and ability to invest.
(And the original hearing Financial)The world has never been as a result of a stock market decline and destruction. "I firmly believe that we cited as the only fear is fear itself! (Roosevelt's words)" (The author is general manager of Changsheng Fund) (Shanghai Securities News)
(And the original hearing Financial)
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