China Industrial and Commercial Bank of China (1398) confirmed that ICBC will be (349), after privatization, the concept of triggering the market fry for another bank merger, so that small and medium banks in Hong Kong stocks surge further, including Wing Hang Bank (302) rose more than 8 percent yesterday. And BOC Hong Kong (2388) increased 2 percent, the cumulative increase since the month reached into more. Analysts believe that, although investors speculated the Bank of China (3988), or will the privatization of Bank of China, I believe that is unlikely.
ICBC rose plate privatization to stimulate the Deutsche Bank report noted that the privatization of ICBC ICBC Asia will make the latter have more room for growth and are not subject to restrictions on the lower level of capital ratios. ICBC is also beneficial in the RMB business with the huge growth opportunities. Report refers to "ICBC is interested to buy other banks in Hong Kong is the next logical problem."
ICBC Asia to be privatized by the news, the market fry concept of bank mergers and acquisitions, including Wing Hang up another 8.3 percent yesterday, two hexagonal close at 86 yuan, after the suspension from the ICBC, the cumulative increase in Wing Hang More than one-six. Dah Sing Bank (2356) and Dah Sing Financial (440) rose 5.92 percent and 3.85 percent, Bank of East Asia (023) and Chong Hing Bank (1111) also rose by 4% Point on July 5 and 4.1 percent.
BOC Hong Kong has continued to rise, closing yesterday, the second angle of 20 yuan, up 2 percent, since the advent Since July, the cumulative increase of more than one into three, if the lowest 17 yuan a month, compared Pentagon, the cumulative increases as much as half a percent.
Managing Director of China Merchants Securities investment bank is satisfied that the warm days, the privatization of ICBC Asia, news, or the impact of BOC Hong Kong rose slightly, but the two lines are different in nature, the opportunities for privatization soon BOC Hong Kong is not high, because the relative size of ICBC BOC Hong Kong Asia is big, a lot of money to the privatization of the amount involved in the Mainland banks have the financing is to strengthen the capital adequacy ratio, Bank of China Bank of China will not rashly use of funds will be privatized. Meanwhile, the BOC brand in Hong Kong more independent, market share, as the Bank for International Development's flagship.
BOC Hong Kong has good stock performance, I believe that as the RMB clearing bank with its relevant, because the renminbi business potential. The Bank will inject the assets of the Bank of China or other arrangements, so that BOC RMB business in a greater scale of development, temperature and day is also satisfied that the listed companies as Bank of China, Bank of China can not be free to inject assets.
27.7 yuan per share, a price premium of material into the other two, many securities firms report that the privatization of ICBC ICBC Asia, the practice of appropriate, will be given greater synergies, estimated a price would be between ICBC Asia's closing transaction half times that range from a half times. Of which JP Morgan estimates that the bank or will be 27 yuan per share, seven corner to privatize ICBC Asia, equivalent to ICBC Asia market account rates twice more before the suspension ICBC Asia closing price of a two percent premium.
Mount pass that after the privatization of ICBC ICBC future should not worry when injected to maintain the liquidity of shares of ICBC Asia's problems; the same time, if the bank acquisitions of local financial institutions, to the merger compared with ICBC easily without fear of ICBC Asia's problems of minority shareholders.
2010年8月6日星期五
Bank stocks have become "Air Force pioneer"
August 2, China Everbright Bank road show started, as planned, it will be listed on the 18th of this month. Also a large cap to the market react? Late yesterday, the diving process, bank shares really become a "pioneer in the Air Force," the main force, and sell into corrections.
Success or failure will ABC ABC?
A stock bank shares has been the main nerve. Recently, the banking sector is "action" continues, Agricultural Bank of China listed China Construction Bank, Bank of China 10 billion allotment options have been granted, Everbright Bank of 20 billion IPO financing has been "imminent", which undoubtedly increased the banking stocks on the market effects.
At the close, the banking segment fell 2.41%, Huaxia Bank fell 3.68%, down 2.87% Bank of Beijing, China Merchants Bank, CITIC Bank, Industrial Bank, Shanghai Pudong Development Bank, the Bank recorded a decrease of more than 2.5%.
Agricultural Bank of much concern to the day the market fell 2.5 percent to 2.73 yuan, only 5 cents above the IPO price. Some analysts pointed out that the rally started the current round of agricultural bank, then the rally will probably be limited to the Agricultural Bank.
Everbright their pressure is not great, "Ta Kong IPO has been a main force to do more super sharp weapons, China Everbright Bank has come, super tape main pressure will take the first look," "ABC was the draw that much blood, EB Banks pumping again, the market how can I bear? "reporter yesterday saw it in more stocks, Everbright forthcoming, investors have some concern.
In response, an analyst at Industrial Securities Sales Department in Wuhan ZHOU Jing Yuan, said Everbright online issue IPO next Tuesday, large cap IPO pressure Approaching, China Everbright Bank although much lower than the Agricultural Bank of asset size, but on the capital market, this is a monster banks hungry for market share of funding has caused tremendous financial pressure on short-term investors need to be cautious.
Securities Institute of Great Britain and Lida Xiao believes that the listing of Everbright Bank study the impact of the market, to observe the market to attract foreign capital market financing rate of speed and ability to strike a balance, China Everbright Bank's listing should be enough to trigger a new round of fall, the market the bottom of the proven, pre-short position of absolute dominance that unilateral market will not reproduce, follow-up will enter the shock pattern of long and short contention.
Do not count on it to play new on August 2, China Everbright Bank began their first road show in Shenzhen. CICC in its report to the pricing of China Everbright Bank in 3.5 per -4 yuan. China Merchants Securities believes that China Everbright Bank to 2.65-3.02 dollars a reasonable price range.
Everbright Bank of Me and the new play it? Business analyst at Industrial Securities in Wuhan ZHOU Jing Yuan said, most difficult to lose money to make money is also difficult to copy the experience of playing the new ABC, investors do not have unrealistic expectations.
Success or failure will ABC ABC?
A stock bank shares has been the main nerve. Recently, the banking sector is "action" continues, Agricultural Bank of China listed China Construction Bank, Bank of China 10 billion allotment options have been granted, Everbright Bank of 20 billion IPO financing has been "imminent", which undoubtedly increased the banking stocks on the market effects.
At the close, the banking segment fell 2.41%, Huaxia Bank fell 3.68%, down 2.87% Bank of Beijing, China Merchants Bank, CITIC Bank, Industrial Bank, Shanghai Pudong Development Bank, the Bank recorded a decrease of more than 2.5%.
Agricultural Bank of much concern to the day the market fell 2.5 percent to 2.73 yuan, only 5 cents above the IPO price. Some analysts pointed out that the rally started the current round of agricultural bank, then the rally will probably be limited to the Agricultural Bank.
Everbright their pressure is not great, "Ta Kong IPO has been a main force to do more super sharp weapons, China Everbright Bank has come, super tape main pressure will take the first look," "ABC was the draw that much blood, EB Banks pumping again, the market how can I bear? "reporter yesterday saw it in more stocks, Everbright forthcoming, investors have some concern.
In response, an analyst at Industrial Securities Sales Department in Wuhan ZHOU Jing Yuan, said Everbright online issue IPO next Tuesday, large cap IPO pressure Approaching, China Everbright Bank although much lower than the Agricultural Bank of asset size, but on the capital market, this is a monster banks hungry for market share of funding has caused tremendous financial pressure on short-term investors need to be cautious.
Securities Institute of Great Britain and Lida Xiao believes that the listing of Everbright Bank study the impact of the market, to observe the market to attract foreign capital market financing rate of speed and ability to strike a balance, China Everbright Bank's listing should be enough to trigger a new round of fall, the market the bottom of the proven, pre-short position of absolute dominance that unilateral market will not reproduce, follow-up will enter the shock pattern of long and short contention.
Do not count on it to play new on August 2, China Everbright Bank began their first road show in Shenzhen. CICC in its report to the pricing of China Everbright Bank in 3.5 per -4 yuan. China Merchants Securities believes that China Everbright Bank to 2.65-3.02 dollars a reasonable price range.
Everbright Bank of Me and the new play it? Business analyst at Industrial Securities in Wuhan ZHOU Jing Yuan said, most difficult to lose money to make money is also difficult to copy the experience of playing the new ABC, investors do not have unrealistic expectations.
Industrial and Commercial Bank of China branch in Enshi strengthen the work of public deposits
ICBC branch in strengthening the forward-looking thinking in Enshi, and enhance active adaptability; opportunities to further strengthen the awareness and market awareness, the line departments must conscientiously sum up the work of the first half of the analysis, control systems, with the progress of industry and task to find the gap, to find a cause to six measures of the public deposits clear objectives, strong third quarter and full year to complete all tasks.
First, strengthen the goals, the responsibility to implement. ICBC branch in Hubei Province, issued by the Bank on public deposits incremental one billion yuan, is also planned for the rigid target to complete the letter, as of the date of the public deposits increased 434.49 million yuan over the beginning, this corporate customer centers to refine measures to quarterly to decompose the task into the line of the second half of the network, signed their target responsibility to complete the well to incentives, falling behind to work together to catch up on schedule.
Second, strengthen the incentives, the configuration cost. Provincial branches of the public deposits has been kept stable configuration costs associated with deposit growth, we must actively seek, on the stock of public deposits, maintenance costs to the Department of Finance and departments to measure network to ensure the momentum of public deposits in the work of organizations.
Third, strengthen marketing, lock focus. Branches requires special class of public deposits in the establishment of marketing, corporate customer centers are focused on return-line credit account payment, cash settlement of the Department are mainly financial, military, oil customer of poverty, more than 5 million yuan each line of the existing account management account manager every month to visit to understand customer needs, improve maintenance and marketing. President, in charge of President to personally keep an eye large, dug his line of high-quality customers, on the development zones, investment customer focus.
Fourth, strengthen compliance, personnel security. Full implementation of the corporate network client compliance projects, increase public deposits account manager target assessment, should the cost to the network resources to the special classes.
Fifth, strengthen the examination and increase accountability. Branch of the existing approach to revising and improving the accountability, continue to increase the accountability efforts, city and county lines, a city agency, second in command should be linked with performance accountability, pull through 2 consecutive quarters of top ranking last fall assessment line leadership in positions on the economic treatment of the accountability measures must be implemented; addition of the public deposits with the Bank leading performance-related, and law-off centers, individual performance-related financial department, dot top leaders, law off center, a payment linked to performance of the Department of 30% of wages, deputy in charge of network linked to 60%.
Sixth, strengthen the mechanism, do a good job team. Account manager with the end of the third quarter, according to regulations in place, there is no line account manager as soon as possible by the Human Resources Department is responsible for filled and fuck centers, small business centers can be part-time customer marketing manager, on the organ department staff to supernumerary added to the client management team.
First, strengthen the goals, the responsibility to implement. ICBC branch in Hubei Province, issued by the Bank on public deposits incremental one billion yuan, is also planned for the rigid target to complete the letter, as of the date of the public deposits increased 434.49 million yuan over the beginning, this corporate customer centers to refine measures to quarterly to decompose the task into the line of the second half of the network, signed their target responsibility to complete the well to incentives, falling behind to work together to catch up on schedule.
Second, strengthen the incentives, the configuration cost. Provincial branches of the public deposits has been kept stable configuration costs associated with deposit growth, we must actively seek, on the stock of public deposits, maintenance costs to the Department of Finance and departments to measure network to ensure the momentum of public deposits in the work of organizations.
Third, strengthen marketing, lock focus. Branches requires special class of public deposits in the establishment of marketing, corporate customer centers are focused on return-line credit account payment, cash settlement of the Department are mainly financial, military, oil customer of poverty, more than 5 million yuan each line of the existing account management account manager every month to visit to understand customer needs, improve maintenance and marketing. President, in charge of President to personally keep an eye large, dug his line of high-quality customers, on the development zones, investment customer focus.
Fourth, strengthen compliance, personnel security. Full implementation of the corporate network client compliance projects, increase public deposits account manager target assessment, should the cost to the network resources to the special classes.
Fifth, strengthen the examination and increase accountability. Branch of the existing approach to revising and improving the accountability, continue to increase the accountability efforts, city and county lines, a city agency, second in command should be linked with performance accountability, pull through 2 consecutive quarters of top ranking last fall assessment line leadership in positions on the economic treatment of the accountability measures must be implemented; addition of the public deposits with the Bank leading performance-related, and law-off centers, individual performance-related financial department, dot top leaders, law off center, a payment linked to performance of the Department of 30% of wages, deputy in charge of network linked to 60%.
Sixth, strengthen the mechanism, do a good job team. Account manager with the end of the third quarter, according to regulations in place, there is no line account manager as soon as possible by the Human Resources Department is responsible for filled and fuck centers, small business centers can be part-time customer marketing manager, on the organ department staff to supernumerary added to the client management team.
2010年8月2日星期一
Internationalization of gold also rose ten decisions
Li Jun, the Shanghai Gold Exchange expert advisory members; Ho Chen, Department Director Lee asset investment, a typical representative of Public-private transfer. Yesterday, Chengdu Branch of China Everbright Bank to listen to organizations master lecture held in Chengdu, the two styles of talking heads appear on the podium.
Although the topic of conversation be different, but two of the confidence of the investment in the future. Jun Li convinced that gold will at least gain a further 10 years; Ho Chen argued that A shares expected to reproduce the systematic from 2006 to 2007, chances are unlikely, only to find institutional investors the opportunity.
RMB internationalization decision would increase gold
June 19, the central bank announced further promote the reform of RMB exchange rate formation mechanism, enhance the flexibility of RMB exchange rate. This is the market seen as an important step in the internationalization of RMB.
"Internationalization of the Renminbi, the gold will be doomed to rise." After a lapse of eight years, Li Jun Rong investors once again appear in front of his current status is the most important member of Shanghai Gold Exchange expert advisory.
Eight years ago, Li Jun debut in Chengdu, was closed to the media, "China's first exchange of God" title, then he that is a hot topic in foreign currency speculation. "RMB exchange has not changed, many people are keen on foreign exchange speculation," Li Jun said that after the exchange rate reform in 2005, foreign exchange investment has been very difficult to become investment hot spots, will be replaced by gold.
10 years ago, the international spot price of gold is more than 200 U.S. dollars an ounce; five years ago, is more than 400 U.S. dollars; today, is more than 1200 U.S. dollars. Li Jun said that participation in gold investment, in addition to the portfolio, especially for the needs of the market itself.
He pointed out that the internationalization of the yuan to become a reserve currency, and must be based on gold reserves. At present, about 1,100 tons of gold reserves, Li Jun said that he has senior people from the Shanghai Gold Exchange was informed, at least our gold reserves to 4,000 tons, to allow the RMB internationalization. This means that China's holdings of gold possible.
Not only that, including India, Russia, South Korea, and holdings of gold reserves, "between supply and demand will directly push gold higher." Li Jun said that the yuan could become an international currency in 2020, a hidden meaning behind this is that "Gold will rise at least 10 years."
The future of technology and private investment spending is key
Li Chun, passionate style and very different from Shanghai willy Asset Management and Chief Investment Officer, General Manager Ho Chen should be prudent lot. In his own words, "I am better than Li (Jun) teachers may be more rational."
Ho Chen said that China's economic growth model is from a resource-driven to innovation-driven change, which will determine the industry's long-term trends in resource allocation. Experienced a bull market years of 2006,2007, and 2008 after the crash, the stock market entered a period of adjustment.
Ho Chen said, A 股 market Yi did not have systematic opportunities, which are easily reproduced Bu Hui Du Shang Zhang Zhi Gupiao the criteria, and Zhihui You structural 机会, "They will exist in the technological innovation, consumer services."
2010, the Government stressed the need to focus on resolving employment, housing, social security, medical, public health, livelihood issues, to improve the residents quality of life. In the private equity fund, it seems, to guide the implementation of these policies will help eliminate the worries of the people to enhance their desire for consumption, "consumption growth in China will reproduce the history of Japan and Korea."
Ho Chen pointed out that the consumer is imminent in the people, the consumer valuation of listed companies are at historic lows, leaving sufficient for their living spaces, such as Suning Electric, Maotai, Haier, Tencent and other stocks.
Meanwhile, in the resource-driven to innovation-driven model transformation, the new energy industry, there are great investment opportunities, the building energy-saving materials, electric vehicles, smart Dian Wang, photovoltaic.
In yesterday's speech, as a private equity fund managers, not too much to talk about how shock index, he has passed his investment philosophy teams. He stressed four principles:
First, the target must have adequate margin of safety. This is the most important of all stock selection must comply with the conditions.
Second, we must make sure to identify the money, that is, the probability of the event bigger.
Third, as far as possible to shorten the waiting period profit, which is selected as the intervention point (wait catalyst appear).
Fourth, the systematic risk of the view that the head to avoid the large level, other levels of adjustment can be adjusted and shareholding position to reduce the risk of structural adjustment.
Although the topic of conversation be different, but two of the confidence of the investment in the future. Jun Li convinced that gold will at least gain a further 10 years; Ho Chen argued that A shares expected to reproduce the systematic from 2006 to 2007, chances are unlikely, only to find institutional investors the opportunity.
RMB internationalization decision would increase gold
June 19, the central bank announced further promote the reform of RMB exchange rate formation mechanism, enhance the flexibility of RMB exchange rate. This is the market seen as an important step in the internationalization of RMB.
"Internationalization of the Renminbi, the gold will be doomed to rise." After a lapse of eight years, Li Jun Rong investors once again appear in front of his current status is the most important member of Shanghai Gold Exchange expert advisory.
Eight years ago, Li Jun debut in Chengdu, was closed to the media, "China's first exchange of God" title, then he that is a hot topic in foreign currency speculation. "RMB exchange has not changed, many people are keen on foreign exchange speculation," Li Jun said that after the exchange rate reform in 2005, foreign exchange investment has been very difficult to become investment hot spots, will be replaced by gold.
10 years ago, the international spot price of gold is more than 200 U.S. dollars an ounce; five years ago, is more than 400 U.S. dollars; today, is more than 1200 U.S. dollars. Li Jun said that participation in gold investment, in addition to the portfolio, especially for the needs of the market itself.
He pointed out that the internationalization of the yuan to become a reserve currency, and must be based on gold reserves. At present, about 1,100 tons of gold reserves, Li Jun said that he has senior people from the Shanghai Gold Exchange was informed, at least our gold reserves to 4,000 tons, to allow the RMB internationalization. This means that China's holdings of gold possible.
Not only that, including India, Russia, South Korea, and holdings of gold reserves, "between supply and demand will directly push gold higher." Li Jun said that the yuan could become an international currency in 2020, a hidden meaning behind this is that "Gold will rise at least 10 years."
The future of technology and private investment spending is key
Li Chun, passionate style and very different from Shanghai willy Asset Management and Chief Investment Officer, General Manager Ho Chen should be prudent lot. In his own words, "I am better than Li (Jun) teachers may be more rational."
Ho Chen said that China's economic growth model is from a resource-driven to innovation-driven change, which will determine the industry's long-term trends in resource allocation. Experienced a bull market years of 2006,2007, and 2008 after the crash, the stock market entered a period of adjustment.
Ho Chen said, A 股 market Yi did not have systematic opportunities, which are easily reproduced Bu Hui Du Shang Zhang Zhi Gupiao the criteria, and Zhihui You structural 机会, "They will exist in the technological innovation, consumer services."
2010, the Government stressed the need to focus on resolving employment, housing, social security, medical, public health, livelihood issues, to improve the residents quality of life. In the private equity fund, it seems, to guide the implementation of these policies will help eliminate the worries of the people to enhance their desire for consumption, "consumption growth in China will reproduce the history of Japan and Korea."
Ho Chen pointed out that the consumer is imminent in the people, the consumer valuation of listed companies are at historic lows, leaving sufficient for their living spaces, such as Suning Electric, Maotai, Haier, Tencent and other stocks.
Meanwhile, in the resource-driven to innovation-driven model transformation, the new energy industry, there are great investment opportunities, the building energy-saving materials, electric vehicles, smart Dian Wang, photovoltaic.
In yesterday's speech, as a private equity fund managers, not too much to talk about how shock index, he has passed his investment philosophy teams. He stressed four principles:
First, the target must have adequate margin of safety. This is the most important of all stock selection must comply with the conditions.
Second, we must make sure to identify the money, that is, the probability of the event bigger.
Third, as far as possible to shorten the waiting period profit, which is selected as the intervention point (wait catalyst appear).
Fourth, the systematic risk of the view that the head to avoid the large level, other levels of adjustment can be adjusted and shareholding position to reduce the risk of structural adjustment.
China's manufacturing PMI data, but slowed down the expansion
China's official figures released Sunday, the Chinese expansion in manufacturing activity slowed in July, showed that earlier this year, China's tightening measures, as well as the increasing global demand, a situation of uncertainty tied to economic growth in China.
Much attention in the purchasing managers index (PMI) fell, that the Chinese Government is expected to continue easing in inflationary pressures in the case, later this year is unlikely to take any tough austerity measures. China's central bank last Tuesday gave an upbeat speech on the domestic economy, saying the current economic slowdown in China is conducive to long-term sustainable economic growth, the possibility of a secondary dip, small.
China Federation of Logistics and Purchasing (referred to as CFLP) and China National Bureau of Statistics data released showed that in July purchasing managers index (PMI) fell to 52.1 from 51.2 in June, fell for the third consecutive month, but the 17th consecutive month above 50 in this expansion and contraction.
CFLP Zhang Liqun, an analyst said in a bulletin, July PMI continue to decline, suggesting slower economic growth trend is emerging; current investment and export growth is not enough solid foundation.
Zhang Liqun expected in the future China's economy will gradually stabilize, economic growth in 2010 may be about 9.5%.
The data show that China's new export orders in July, but growth slowed, while imports decreased, suggesting the next few months will increase China's imports and exports continued to slow.
PMI index, new export orders index fell to 51.7 from 51.2 in June, imports index fell to 49.3 from 50.4.
China Customs will release in August 10 July trade data.
At the same time, as the purchasing price index fell to 50.4 from 51.3, inflationary pressures may have eased.
PMI 11 Category index, only one index in June rose compared with the remaining 10 index declined in June. Main index, the index rose employees, production index, new export orders index, import price index and the purchase index decreased.
July backlog of orders index, finished goods inventory index, import index, purchasing volume index and index of supplier delivery time of less than 50 critical point, the other index is higher than 50.
Much attention in the purchasing managers index (PMI) fell, that the Chinese Government is expected to continue easing in inflationary pressures in the case, later this year is unlikely to take any tough austerity measures. China's central bank last Tuesday gave an upbeat speech on the domestic economy, saying the current economic slowdown in China is conducive to long-term sustainable economic growth, the possibility of a secondary dip, small.
China Federation of Logistics and Purchasing (referred to as CFLP) and China National Bureau of Statistics data released showed that in July purchasing managers index (PMI) fell to 52.1 from 51.2 in June, fell for the third consecutive month, but the 17th consecutive month above 50 in this expansion and contraction.
CFLP Zhang Liqun, an analyst said in a bulletin, July PMI continue to decline, suggesting slower economic growth trend is emerging; current investment and export growth is not enough solid foundation.
Zhang Liqun expected in the future China's economy will gradually stabilize, economic growth in 2010 may be about 9.5%.
The data show that China's new export orders in July, but growth slowed, while imports decreased, suggesting the next few months will increase China's imports and exports continued to slow.
PMI index, new export orders index fell to 51.7 from 51.2 in June, imports index fell to 49.3 from 50.4.
China Customs will release in August 10 July trade data.
At the same time, as the purchasing price index fell to 50.4 from 51.3, inflationary pressures may have eased.
PMI 11 Category index, only one index in June rose compared with the remaining 10 index declined in June. Main index, the index rose employees, production index, new export orders index, import price index and the purchase index decreased.
July backlog of orders index, finished goods inventory index, import index, purchasing volume index and index of supplier delivery time of less than 50 critical point, the other index is higher than 50.
Fourth set of RMB 50 yuan mad surge of 80 sold for 2,350 yuan Edition
Ups and downs, after more than 10 years, notes the market once again usher in the "big boom" era. Which has not been out of circulation for the fourth series of the renminbi, because the central bank has ceased to be the hot issue of speculation "theme." Recently, one of the largest markets in Shanghai Luwan You Bika worker culture philatelic exchange market, in which circulation of less version of 50 yuan in 1980, notes, had risen to 2,350 yuan.
"Crazy," the renminbi
"8050" six months surged nearly doubled
Shanghai Luwan Workers Cultural Palace (hereinafter: Lu work market) have hundreds of owners, their "professional" segment is more obvious - some people only do stamps, some people only do the third series of the renminbi, and now more people to participate to speculation in the fourth series of the renminbi.
【Order】
Merchant to do business running
Market, the total number of transactions to see people doing with running the way forward transactions. A shopkeeper in 10 minutes can be received 78 calls, each saying something in a hurry to hang, and even have no time to chat with acquaintances. All these changes occurred in the fourth set of RMB will be in focus after. In the past, many owners did to the 4:30 closing time, it has already got off work early.
"Lu is now a hot market work is the fourth set and second set of the yuan, all concerns are here." A shopkeeper said, "the fourth series of the renminbi to 'walk Yang Xian' has now been more than a year, in particular, the past six months rise very quickly. "
【Price】
Fourth double the average inflation
According to the effective control data, the fourth edition of RMB 50 yuan in 1980 (hereinafter: 8050), due to less circulation, the time in 2007 had risen to 700 yuan, this pattern began in 2009 until changes occur. By 2010, Lu workers from market transactions to see every day, beginning in January 8050 in the transaction price is 1250 yuan to 1900 yuan rose 2 months late, early in March after a slight drop (1850 dollars), to April and suddenly pulled up to 2350 yuan; then a few months has been the "correction" to the mid-July, prices at between 2250-2350.
Hot spots in 8050, while the market speculation, the fourth edition of RMB 50 yuan in 1990 (hereinafter: 9050) was followed led, in January this year, 60 yuan, rose to 155 after the top half.
In addition, in the fourth set of RMB 2 yuan in 1980, has risen from a nominal value of 30 yuan, which is almost half a year in value doubles.
If the time from the farther point of view, 1980, 5 yuan, in 2007 in appreciation of the time 3 times. In addition to the current 0.5 yuan in 1980 version still in circulation, the fourth rise in the renminbi You Bika market an average of 1 times. Time mainly from the start of 2009 began monthly rise this year to expand, but these months are correction.
"Helplessness" of the regulatory
Ban the sale of money in circulation and hard to stop
Whether the suspected illegal sale of RMB? This, the central bank, told reporters that the persons concerned are in accordance with the "yuan regulations" to carry out supervision.
"Crazy," the renminbi
"8050" six months surged nearly doubled
Shanghai Luwan Workers Cultural Palace (hereinafter: Lu work market) have hundreds of owners, their "professional" segment is more obvious - some people only do stamps, some people only do the third series of the renminbi, and now more people to participate to speculation in the fourth series of the renminbi.
【Order】
Merchant to do business running
Market, the total number of transactions to see people doing with running the way forward transactions. A shopkeeper in 10 minutes can be received 78 calls, each saying something in a hurry to hang, and even have no time to chat with acquaintances. All these changes occurred in the fourth set of RMB will be in focus after. In the past, many owners did to the 4:30 closing time, it has already got off work early.
"Lu is now a hot market work is the fourth set and second set of the yuan, all concerns are here." A shopkeeper said, "the fourth series of the renminbi to 'walk Yang Xian' has now been more than a year, in particular, the past six months rise very quickly. "
【Price】
Fourth double the average inflation
According to the effective control data, the fourth edition of RMB 50 yuan in 1980 (hereinafter: 8050), due to less circulation, the time in 2007 had risen to 700 yuan, this pattern began in 2009 until changes occur. By 2010, Lu workers from market transactions to see every day, beginning in January 8050 in the transaction price is 1250 yuan to 1900 yuan rose 2 months late, early in March after a slight drop (1850 dollars), to April and suddenly pulled up to 2350 yuan; then a few months has been the "correction" to the mid-July, prices at between 2250-2350.
Hot spots in 8050, while the market speculation, the fourth edition of RMB 50 yuan in 1990 (hereinafter: 9050) was followed led, in January this year, 60 yuan, rose to 155 after the top half.
In addition, in the fourth set of RMB 2 yuan in 1980, has risen from a nominal value of 30 yuan, which is almost half a year in value doubles.
If the time from the farther point of view, 1980, 5 yuan, in 2007 in appreciation of the time 3 times. In addition to the current 0.5 yuan in 1980 version still in circulation, the fourth rise in the renminbi You Bika market an average of 1 times. Time mainly from the start of 2009 began monthly rise this year to expand, but these months are correction.
"Helplessness" of the regulatory
Ban the sale of money in circulation and hard to stop
Whether the suspected illegal sale of RMB? This, the central bank, told reporters that the persons concerned are in accordance with the "yuan regulations" to carry out supervision.
Tianjin speculators shot empty treasury to buy 11 million yuan to buy 40 kilograms of gold bars
"This year, gold prices may reach 1,350 U.S. dollars an ounce," a number of international investment institutions on the future direction of gold prices gives optimism. Gold fell slightly yesterday, a public on the decisive shot, suddenly put more than 1100 million, from the China Construction Bank to buy nearly 40 kilograms of gold bullion investment. Banks say it is probably the largest city appeared pay for physical gold.
The morning was suddenly bought nearly 40 kilograms of gold bullion investment, spent a total of more than 1100 million. "Yesterday, the city CCB told reporters," This is probably the biggest city at the current physical gold trading. "
According to its introduction, the buyer is a private company boss. "About a month ago, we introduced financial products to the customers, end customers selected gold. After some time, customers may observe changes in gold prices, it could be to raise funds. Last week customers find me, that is ready to buy investment bullion, so we began to prepare. The day before yesterday I found the clients that buy about 6 million yuan investment in gold bars. "he said.
But yesterday morning the real time of purchase, the buyer bought more than 1100 million once the gold bars, than the day before the booking number has almost doubled. "Customers are optimistic about the future trend of gold. Day of gold is also used to date more than 288 yuan per gram, down to 282.5 yuan per gram, bullion prices more affordable." CCB sources, "he said to our existing investment in gold bullion have bought a total of 200 roots. One of the biggest gold bars 500 grams 1, bought 34; least 50 grams of a gold bullion, buying the 85, there are also 200 grams of 1 and 100 g 1. It is because too much to buy gold bars, gold bars of different sizes is the same one gram gold, buy gold bars, customers do not care about the specifications of the. "
The buyer of the gold bar in the selected after the CCB with a paid account bank card credit card, so this nearly 40 kilograms of gold bars under the name of the official income. Bank was issued a one physical gold buyers on behalf of custody certificate, the certificate records the customer time to buy gold bullion prices, gold bars of various specifications of the purchase quantity. "Customers do not withdraw the spot gold bars, but choose the bank on behalf of custody. The future, customers can use this certificate on behalf of custody of bullion withdrawal can also be gold bullion buy-back profits." He said, "we can now buy physical gold and custody services on behalf of investors, the first year of the service is free of charge. This eliminates the need for extraction and storage customers the trouble of gold. "
According to China Construction Bank to introduce: "The customer was in 2008 when it bought gold bullion investment. At that time gold is still relatively low, only about more than 190 yuan per gram, the customer once bought 200 million of gold bullion. This Back to the customer has bought more than 1100 million in gold bullion, nor ask us about the buyback procedure, estimated to be intended to hold a long-term. "
Reporter estimated that, if in accordance with the price of 282.5 yuan per gram to buy 40 kilograms of gold bars, a total of 11.3 million yuan needed. The current international price of gold is about 1,240 U.S. dollars an ounce, assuming that the international gold market this year expected to reach 1,350 U.S. dollars an ounce, the buyers almost can net several hundred thousand dollars. In 2008, he bought more than 200 million gold bullion has been held, if present, has earned more than 80 million.
The morning was suddenly bought nearly 40 kilograms of gold bullion investment, spent a total of more than 1100 million. "Yesterday, the city CCB told reporters," This is probably the biggest city at the current physical gold trading. "
According to its introduction, the buyer is a private company boss. "About a month ago, we introduced financial products to the customers, end customers selected gold. After some time, customers may observe changes in gold prices, it could be to raise funds. Last week customers find me, that is ready to buy investment bullion, so we began to prepare. The day before yesterday I found the clients that buy about 6 million yuan investment in gold bars. "he said.
But yesterday morning the real time of purchase, the buyer bought more than 1100 million once the gold bars, than the day before the booking number has almost doubled. "Customers are optimistic about the future trend of gold. Day of gold is also used to date more than 288 yuan per gram, down to 282.5 yuan per gram, bullion prices more affordable." CCB sources, "he said to our existing investment in gold bullion have bought a total of 200 roots. One of the biggest gold bars 500 grams 1, bought 34; least 50 grams of a gold bullion, buying the 85, there are also 200 grams of 1 and 100 g 1. It is because too much to buy gold bars, gold bars of different sizes is the same one gram gold, buy gold bars, customers do not care about the specifications of the. "
The buyer of the gold bar in the selected after the CCB with a paid account bank card credit card, so this nearly 40 kilograms of gold bars under the name of the official income. Bank was issued a one physical gold buyers on behalf of custody certificate, the certificate records the customer time to buy gold bullion prices, gold bars of various specifications of the purchase quantity. "Customers do not withdraw the spot gold bars, but choose the bank on behalf of custody. The future, customers can use this certificate on behalf of custody of bullion withdrawal can also be gold bullion buy-back profits." He said, "we can now buy physical gold and custody services on behalf of investors, the first year of the service is free of charge. This eliminates the need for extraction and storage customers the trouble of gold. "
According to China Construction Bank to introduce: "The customer was in 2008 when it bought gold bullion investment. At that time gold is still relatively low, only about more than 190 yuan per gram, the customer once bought 200 million of gold bullion. This Back to the customer has bought more than 1100 million in gold bullion, nor ask us about the buyback procedure, estimated to be intended to hold a long-term. "
Reporter estimated that, if in accordance with the price of 282.5 yuan per gram to buy 40 kilograms of gold bars, a total of 11.3 million yuan needed. The current international price of gold is about 1,240 U.S. dollars an ounce, assuming that the international gold market this year expected to reach 1,350 U.S. dollars an ounce, the buyers almost can net several hundred thousand dollars. In 2008, he bought more than 200 million gold bullion has been held, if present, has earned more than 80 million.
2010年8月1日星期日
Five methods of self-help investment funds failure
First, analyze the reasons for the formation of mistakes. Fund investment losses, no other reason than objective reasons and subjective aspects. From an objective perspective, it should focus on the process of growing face of the Fund's investment environment, the emphasis from the subjective causes of fund managers to consider management and operation of fund products capacities, especially in fund investment objectives and strategies, and changes in investment style . Only in this way can cause losses to the fund a more comprehensive analysis.
Second, identify and clarify investment approach is reasonable. Investors, investment funds will take some investment approach is to generate one-time investment losses, or losses arising from sub-sub-investment, in particular the periodic fixed investment, investors should be on the different methods adopted different tactics. Generated for one-time investment law tied up, as long as the fund's fundamentals have not changed the approach can be taken to cover short positions, share purchase low-cost funds. However, investments for the fractional loss of future investment should be to grasp the rhythm, to avoid new investment losses. The resulting loss of periodic fixed, it should be long term and ignore short-term losses, while focusing on long-term investment returns.
Third, a loss to understand the extent of the Fund. When the loss rate beyond the bottom line for investors, risk tolerance, investors may wish to make a corresponding redemption of action to avoid further losses. However, the tolerance range of investors, investors can choose to cover their short positions in the way, waiting for the emergence of new investment opportunities and should not blindly adjust.
Fourth, improve the execution of remedial measures. Investors in the Fund's loss of status of product analysis, to cover their short positions, or redemption, should be effectively implemented. Avoid delay Ershi good investment opportunities lost.
Fifth, take the initiative to remedy rather than a passive sort of relief. Although the fund is a long-term investment and value of investment products, as long as investors insist on a long-term investment, short-term investment losses there may also be time for space by the way, resulting in a loss be offset. But this passive investment approach is not conducive to investors to enhance investment income. This requires investors to fund product combines the performance of the fund holding product optimization. Therefore, the active process of adaptation fund products, is also optimized the process of fund products, it is erroneous investment of fund products remedial process.
Second, identify and clarify investment approach is reasonable. Investors, investment funds will take some investment approach is to generate one-time investment losses, or losses arising from sub-sub-investment, in particular the periodic fixed investment, investors should be on the different methods adopted different tactics. Generated for one-time investment law tied up, as long as the fund's fundamentals have not changed the approach can be taken to cover short positions, share purchase low-cost funds. However, investments for the fractional loss of future investment should be to grasp the rhythm, to avoid new investment losses. The resulting loss of periodic fixed, it should be long term and ignore short-term losses, while focusing on long-term investment returns.
Third, a loss to understand the extent of the Fund. When the loss rate beyond the bottom line for investors, risk tolerance, investors may wish to make a corresponding redemption of action to avoid further losses. However, the tolerance range of investors, investors can choose to cover their short positions in the way, waiting for the emergence of new investment opportunities and should not blindly adjust.
Fourth, improve the execution of remedial measures. Investors in the Fund's loss of status of product analysis, to cover their short positions, or redemption, should be effectively implemented. Avoid delay Ershi good investment opportunities lost.
Fifth, take the initiative to remedy rather than a passive sort of relief. Although the fund is a long-term investment and value of investment products, as long as investors insist on a long-term investment, short-term investment losses there may also be time for space by the way, resulting in a loss be offset. But this passive investment approach is not conducive to investors to enhance investment income. This requires investors to fund product combines the performance of the fund holding product optimization. Therefore, the active process of adaptation fund products, is also optimized the process of fund products, it is erroneous investment of fund products remedial process.
Per gram of gold in July down 7.38%
Yesterday, the international gold futures intraday price continued to rise slightly, as at Beijing at 20:00 on the on the 30th, the New York gold futures prices reported 1174.4 U.S. dollars, to close out the first month of this year, Yin Xian, fell 6.06%. The Chongqing branch of the gold price of Chow Tai Fook from the end of June fell to 294 yuan per gram yesterday's 272.3 yuan, has fallen by 21.7 yuan. Gold and the U.S. dollar this week, with the decline in the price of gold out of the "V" shape, this week one, two, three fell 0.34%, 1.87%, 0.02%, the stabilized and rebounded slightly on Thursday, at 30 GMT 20, the New York gold futures prices quoted 1174.4 U.S. dollars, 1.44% decline in the week to look at on line gold prices close out the first month of this year, Yin Xian, fell 6.06%. Domestic price of gold, the last, Chow Tai Fook restaurant in Chongqing Daping gold fell to 272.3 yuan / gram, more by the end of June and 294 yuan / gram or 21.7 yuan / gram, falling 7.38%, gold bullion price of 280.2 yuan from the end of June / grams fell yesterday's 261.1 yuan / gram, down 6.82%. Analysts said the news of the current lack of stimulation, gold shock trend will continue.
Crude oil market on July 30 briefing
Thursday (July 29), by promoting a weak dollar, the New York Mercantile Exchange (NYMEX) crude oil futures and the London Intercontinental Exchange (ICE) Crude oil futures edged up close stabilized.
First, the international crude oil closed on July 29 Review:
(A), NYMEX 29 day 9 Light, sweet sweet crude futures contract closed up 1.37 U.S. dollars, 78.36 U.S. dollars a barrel.
(B), ICE 29 to 9, Brent crude futures rose 1.53 U.S. dollars to 77.59 U.S. dollars a barrel.
29, New York, the dollar index substantially weakened currency, the euro / dollar rose through 1.31 U.S. dollars in intraday trading, the highest 12-week high, because of the recent strong data, investors more optimistic about Europe's economic recovery prospects in Europe. And dollar-denominated crude oil by the end of the Second Lianyin support, income volatility rose.
In addition, the market focus will be on the 30th release of the GDP growth data.
Second, fundamental news
(A), OPEC President Wilson is expected that oil prices will be steady in 2010 remaining time in between 70-80 U.S. dollars per barrel, there is no need to adjust the output of the decision.
(B), the U.S. Energy Information Administration (Energy Information Administration, EIA) 7 月 promulgated on 29 data showed U.S. crude oil imports in May rose 7.7% to 962.2 million barrels / day, for the January 2009 monthly since the first Second level, Canada's largest oil supplier, and Mexico to the second.
EIA also reported that U.S. oil demand in May increased 3.5% the year after amendment to 1,882.7 million barrels / day, for the fourth consecutive year, up 4 months, but the month fell 0.4% in November 2009 for the first time since the fall months.
(C), the United States strongly supports the position the White House on the 29th about 30 in Congress in the House of Representatives vote on offshore drilling bill, which includes a controversial provision: abolition of enterprises to pay for the oil spill compensation limit.
(D), the Russian Federation customs bureau said that Russia will raise oil transportation tariffs in August to 3.3%, and will be raised to 9.9% in December.
(E), Royal Dutch Shell Perdido in the Gulf of Mexico's new oil drilling in April the U.S. ban closed 10 months ago will not resume production, drilling ban will cause the Company's 2010 average daily production of 8,000 barrels less.
3, NYMEX crude oil futures closing price of 29 (unit: USD / barrel):
Contract Open High Low Close Volume Change positions
September / 2010 (CONU) 76.89 78.89 76.45 78.36 1.37 316883 356939
October / 2010 (CONV) 77.31 79.32 76.90 78.83 1.39 73794 99337
November / 2010 (CONX) 77.85 79.87 77.47 79.43 1.40 26939 76501
December / 2010 (CONZ) 78.49 80.41 78.00 79.99 1.40 40976 198993
January / 2011 (CONF) 79.20 80.78 78.60 80.53 1.40 7049 4320 7
February / 2011 (CONG) 79.77 81.27 79.18 81.04 1.41 4222 1907 6
March / 2011 (CONH) 80.17 81.57 79.90 81.52 1.42 2925 2482 6
April / 2011 (CONJ) 81.62 81.99 81.62 81.97 1.44 1126 1169 0
May / 2011 (CONK) 80.75 80.75 80.75 82.40 1.46 819 8286
June / 2011 (CONM) 81.32 83.07 81.15 82.81 1.49 5032 4638 7
July / 2011 (CONN) 83.01 83.18 83.00 83.18 1.49 1100 2563 7
August / 2011 (CONQ) 83.16 83.40 83.16 83.40 1.49 733 7614
Source: New York Mercantile Exchange
First, the international crude oil closed on July 29 Review:
(A), NYMEX 29 day 9 Light, sweet sweet crude futures contract closed up 1.37 U.S. dollars, 78.36 U.S. dollars a barrel.
(B), ICE 29 to 9, Brent crude futures rose 1.53 U.S. dollars to 77.59 U.S. dollars a barrel.
29, New York, the dollar index substantially weakened currency, the euro / dollar rose through 1.31 U.S. dollars in intraday trading, the highest 12-week high, because of the recent strong data, investors more optimistic about Europe's economic recovery prospects in Europe. And dollar-denominated crude oil by the end of the Second Lianyin support, income volatility rose.
In addition, the market focus will be on the 30th release of the GDP growth data.
Second, fundamental news
(A), OPEC President Wilson is expected that oil prices will be steady in 2010 remaining time in between 70-80 U.S. dollars per barrel, there is no need to adjust the output of the decision.
(B), the U.S. Energy Information Administration (Energy Information Administration, EIA) 7 月 promulgated on 29 data showed U.S. crude oil imports in May rose 7.7% to 962.2 million barrels / day, for the January 2009 monthly since the first Second level, Canada's largest oil supplier, and Mexico to the second.
EIA also reported that U.S. oil demand in May increased 3.5% the year after amendment to 1,882.7 million barrels / day, for the fourth consecutive year, up 4 months, but the month fell 0.4% in November 2009 for the first time since the fall months.
(C), the United States strongly supports the position the White House on the 29th about 30 in Congress in the House of Representatives vote on offshore drilling bill, which includes a controversial provision: abolition of enterprises to pay for the oil spill compensation limit.
(D), the Russian Federation customs bureau said that Russia will raise oil transportation tariffs in August to 3.3%, and will be raised to 9.9% in December.
(E), Royal Dutch Shell Perdido in the Gulf of Mexico's new oil drilling in April the U.S. ban closed 10 months ago will not resume production, drilling ban will cause the Company's 2010 average daily production of 8,000 barrels less.
3, NYMEX crude oil futures closing price of 29 (unit: USD / barrel):
Contract Open High Low Close Volume Change positions
September / 2010 (CONU) 76.89 78.89 76.45 78.36 1.37 316883 356939
October / 2010 (CONV) 77.31 79.32 76.90 78.83 1.39 73794 99337
November / 2010 (CONX) 77.85 79.87 77.47 79.43 1.40 26939 76501
December / 2010 (CONZ) 78.49 80.41 78.00 79.99 1.40 40976 198993
January / 2011 (CONF) 79.20 80.78 78.60 80.53 1.40 7049 4320 7
February / 2011 (CONG) 79.77 81.27 79.18 81.04 1.41 4222 1907 6
March / 2011 (CONH) 80.17 81.57 79.90 81.52 1.42 2925 2482 6
April / 2011 (CONJ) 81.62 81.99 81.62 81.97 1.44 1126 1169 0
May / 2011 (CONK) 80.75 80.75 80.75 82.40 1.46 819 8286
June / 2011 (CONM) 81.32 83.07 81.15 82.81 1.49 5032 4638 7
July / 2011 (CONN) 83.01 83.18 83.00 83.18 1.49 1100 2563 7
August / 2011 (CONQ) 83.16 83.40 83.16 83.40 1.49 733 7614
Source: New York Mercantile Exchange
订阅：
博文 (Atom)