2010年8月10日星期二

To create a financial center of East China

Although the stock market volatile, but this did not hamper the enthusiasm of the financial focus on the development of Nanjing. Nanjing Municipal Government held a press conference yesterday, officially released the "financial sector development on Accelerating the views of Nanjing", the city Development and Reform Commission deputy director Yang Zhongnan at the meeting that this is the first time formally issued a document in Nanjing that "financial Jiang city "strategy, is the first official announcement will result in Nanjing in east China to play an important financial center of the city.

Paid talent is recruited to go to Wall Street

Nanjing Municipal Government, held in the 5th meeting of the city's financial work for the first time to determine the city's "Strong Financial City" development strategy, that the financial industry to become the city's economic development strategic readjustment of the most basic, the most promising direction of development. Recognizing and Shanghai, Beijing, Guangzhou, Shenzhen, Hangzhou and other cities, the city's financial sector growth is not fast enough, urgent need to increase the pace of capital markets, the municipal government issued a four supporting the implementation of measures, from the finance, policy aspects of the financial industry to promote their development.

Juyangzhongnan introduced, the municipal government will invest 20 million yuan every year to encourage enterprises to enter the capital market financing, reduce the financing costs of SMEs; to 2010, the municipal government 30 million yuan each year the financial arrangements for special funds to support them credit guarantee institutions , and the establishment of compensation mechanisms can eventually make more credit guarantee for SMEs to obtain loans from banks; the same time, the city will invest 200 million yuan, by way of equity participation and financing guarantees and other venture capital firms to support the establishment and development, decentralization of its investment risk, or even directly through equity participation targets directly to their venture to invest 1 billion yuan plan Zhengqu guide the flow of Chuang Ye Yi Shang's social capital investment in the field.

To create a financial center, support is also an important part. Yang Zhongnan said the city will strive to play in Hexi CBD caused significant financial agglomeration, the city will invest for 6 years, 50 million yuan each year to assist their development, through financial institutions, business executives and other incentives to attract banks , securities, insurance and other institutions stationed in Hexi.

Yang Zhongnan also revealed that the city plans to Wall Street and other places recruiting financial professionals, especially Chinese, to its treatment of not less than abroad.

Should be defined as "Regional Science and Education Center"

Jiangsu Province, last year proposed the "financial province" strategy has always been to become a regional financial center for the city of Nanjing on the advantage of the opportunity presented within the city should become the region's "strong financial market."

But Yang Zhongnan also admitted that the face of an important regional financial center in East China's development positioning, Nanjing also suffering from doubt, the biggest reason is 300 km from Shanghai, has been basically established domestic financial center, is the direction to the international financial center , while the Yangtze River Delta, Hangzhou is also actively building the south wing of the regional financial center.

"Exclusive financial center building does not exist." Yang Zhongnan said that from the economic development of countries in the world financial center and the formation of general laws, economic powerful country has several different levels of economic centers, such as the United States have an international financial center, New York , there are regional financial center in Chicago, Los Angeles. "Shanghai is the face of Tokyo, Seoul, Singapore, Hong Kong's competitive international financial center, and Nanjing's position is regional, can Cheng Shi for the peripheral to provide effective financial support, in a regional context and Shanghai in the complementary win-win situation. "Yang Zhongnan think.

Currently the existing 28 banks in Nanjing in five foreign banks, as well as five foreign banks are seeking to settle rather, of which the Philippine capital of banks is to adjust its headquarters from Shanghai to set up in Nanjing, Nanjing, this gives a great confidence.

However, urban construction and development of Nanjing Construction Committee of Senior Economist Lu Yulong is that cities are Nanjing-Hangzhou into a financial center is not necessary idea. "Since it is a center, at least you are in the region in first place, Nanjing-Hangzhou and Shanghai cities can not compete." Luyu Long said that this does not mean that cities do not have the financial capabilities of Nanjing-Hangzhou, it should be properly aware of their position to undermine the original advantage of the "Nanjing can use its scientific and educational advantages, will create a regional science center."

Towards regional financial center

Well-known financial institution set up stalls, hundreds of financial products can be read, the number of field professional financial management seminars to listen to ... ... the second three-day Money Expo in Hangzhou in Zhejiang World Trade Center. In addition to a financial feast is served, the Chinese Academy of Social Sciences Finance and Trade Economics, Central University of Finance and Financial Leading Group Office in Hangzhou has also launched a "financial services sub-provincial city development evaluation system", by the order that the results, Hangzhou ranked sub-provincial cities in the country overall level of development of financial services third.

Three steps toward regional financial center in Hangzhou

Assessment by the Chinese Academy of Sciences and other units, Hangzhou in the financial scale, financial structure and financial environment has obvious advantages. Sub-provincial city in the overall level of development of financial services ranking, Hangzhou, ranked first tier, second only to Shenzhen, Guangzhou, ranked third. The second tier includes five cities, namely, Ningbo, Wuhan, Jinan, Chengdu and Nanjing.

Hangzhou relevant person in charge of financial office that has become a financial center in Hangzhou basic conditions, the regional financial center services targeting small and medium enterprises in Hangzhou. Create a regional financial center is a systemic financial engineering, on the future of this goal will be three steps in Hangzhou. The first step, by 2010, consolidating the establishment of the Yangtze River Delta, South Wing, the basic conditions for a financial center, that is, in Qianjiang create a type of subject; the second step, to form a regional financial center by 2015, the basic outline; final, 2020 , Hangzhou pattern of regional financial center in the national competitions, more clear, comprehensive and influential in the country into the Yangtze River Delta, South Wing, financial center.

It is reported that Hangzhou this year there are five listed companies, in addition to five companies have submitted material in the queue, in addition, there are 28 listed companies are preparing application materials. And Hangzhou, the total amount of financial deposit and loan fifth in the country, has built into the Yangtze River Delta, South Wing, the strength of the financial center; the same time, the financial office in Hangzhou has been the country's 13 cities with sub-provincial city signed a strategic cooperation agreement Financial, which also build a national financial platform Hangzhou basis.

According to another report, at present, relevant departments are developing "regional financial center in Hangzhou construction planning", the financial core district of Hangzhou Qianjiang New regional financial center and business the main platform for the financial high ground, in the future, the block will be the southern wing of Yangtze River Delta region the accumulation of financial capital, the allocation to and divergent manner.

Enterprises to facilitate the public are entitled to a financial center

At the show, banking, insurance, securities, funds, futures, foreign finance, integrated finance, venture capital, art and gold collection of various financial institutions to gather together and so on, each bank has also come to visit the exhibition for the launch customers of the financial consulting and service activities.

To introduce the public to Hangzhou gold investment, the bank deliberately copied the sections of the "ideal money" in-kind style, and sent a professional analyst and financial planner sits gold, gold investment advice to the public; stationed in Hangzhou, near the Bohai Bank launched the on-site processing personalized debit card business, as long as the relevant forms completed and submitted to a most satisfying their own photos, you can move to their own good and shadow debit card. Bank of Communications has also launched a cross-line credit card processing site to send small gifts and other activities.

The investment and financing problems for SMEs, Tyrone Banks set up Hangzhou branch of service stand for small and medium enterprises, SME owners and individual businesses to more quickly introduce micro-loans and other products. In addition to foreign-funded banks to enter the market, foreign banks are in Hangzhou Financial Expo to show the heroic, Hang Seng Bank, Bank of East Asia and other foreign banks, financial planner sent a strong lineup, we present good financial products, but also to the international community Jieshuo concept. September 19 to 21, the organizing committee specially set up various professional forums, invited well-known experts in Ho Wan earnings of men and other people over to help in Hangzhou.

Innovative Financial Ecology

May 20, an "eco-city in China Finance," medals, hanging into the country municipal meeting room. Piece of medals in the "2009 China Financial (expert) Annual Meeting" on access to, and honor our province's counties (cities, districts) only two.

In 2002, the country set up financial market leading group responsible for promoting the city's financial work. In 2006, the city took the lead in the country set up a "financial service center", as the Government Financial Work Leading Group established offices to local SMEs and financial institutions with information Gedi docking services. Last year, the center part of the business combination of large inventory and inventory management features easy to realize, to strengthen banks outside the city dock, Samsung makes the country Copper Co., Ltd. Hangzhou Binjiang issued to secure the deep branch of the 14.5 million yuan stock as security for loans. Earlier this year, the center learned that 53 enterprises working capital needs 280 million yuan, 69 enterprises needs 330 million yuan funds for technological renovation, the financing needs of these information quickly and to communicate the commercial banks. At present, 49 enterprises and granting loans, 250 million yuan. In addition, the Jiangshan often invite financial experts, economic and financial situation analysis held talks, investment and financing projects through the annual promotion will further optimize the local projects and financial institutions, financial resources docking configuration. Since 2005, has organized Promotion 5, total of 340 contracted projects, the amount of 18.789 billion yuan contract, effectively alleviate the financial needs of industrial economic development.

Give full play to ensure stability of the financial sector emphasized the role of promoting active and innovative financial products and service mechanism. Branch of China Construction Bank country operations center set up small and medium enterprises, to improve processing efficiency, will be 20 million yuan less than the loan processing time, an average of 7 days from the original cut to 2 days; Industrial and Commercial Bank of China branch strengthen the country's credit services to small businesses, launched the "Network loan-to-pass ", the domestic trade finance products, the new settlement business network, has more than 200 business enterprises in their online banking, online Nian settled transactions volume more than 10 billion yuan; Agricultural Bank country more than 60 branches this year to visit companies, new business credit relations 16, the credit amount of up to 110 million yuan. According to reports, in January -4 months, Jiangshan 1.84 billion yuan of new loans, which Jiucheng more toward small and medium enterprises, boosting the company's confidence in overcoming difficulties crucial. In the first 4 months, Jiangshan scale industrial output value reached 4.62 billion yuan, up 9.5%.

Financial innovation to promote financial ecological environment. In the first 4 months, country deposits, loans were 14.116 billion yuan and 11.41 billion yuan, up 30.98 percent year on year respectively, and 30.25 percent, ranking the Quzhou county (city, district) first; financial institutions, non-performing loans and bad Loan rates continue to "double down" the good momentum of non-performing loan rate was 1.51%, compared with 0.53 percent in early fall.

Innovative financial marketing model

Recently, Ledu County financial institutions to change the management ideas, innovative marketing model, and tap new credit growth point to actively support promising farmer specialized cooperative economic organizations, to support green Nong Ye, Brand agricultural development, agricultural structure adjustment, Bangzhu agriculture, increasing farmers income, break the "three rural" development bottleneck, the formation of financial and "Rural" co-development of the ideas and concepts.

Up to now, total loans of financial institutions in Ledu County, 27 million yuan, of which agricultural development banks to the two rural cooperative economic organizations and six individuals made of Ledu County agriculture shares registered limited liability company for the purchase and sale of agricultural products has 3 million Loan. Rural credit cooperatives to grind Bo Zhendong Village Pig Association to support the loans total more than 1,600 million, accumulated to high store garlic Association, more than 800 million loans. In strong support of financial institutions, Ledu County has set up farming, breeding, nursery stock, vegetables, flowers, brokers and other kinds of specialized cooperative organizations of farmers 50 to attract more than 8,000 members, radiation 15 towns, 281 administrative villages, driving farmers more than 20,000 households, productive and business scope expanded to farming, vegetables, fruit, nursery stock and other leading industries in the rural economic and social development played an important role in effectively promoting the agricultural structure adjustment and advancing the agricultural industry, market, increase farmers income.

2010年8月8日星期日

Yu Taiwan, Taiwan's financial industry the financial elite forum hope rooted in Chongqing

Core Tip: This afternoon, as the "Eighth World Chinese Insurance Conference," an important part of the "elite cross-strait financial exchanges will be" held in Jiefangbei. Anticipation of Chongqing Mayor attended the meeting, from Taiwan's financial elite to the details of the financial business with Chongqing Development Plan.

DragonSoft at 6:50 p.m. on the August 7 hearing (digital reporter Dan Chen, Rui Xiong interns think) this afternoon, as the "Eighth World Chinese Insurance Conference," an important part of the "elite cross-strait financial exchanges" in Jiefangbei meeting. Anticipation of Chongqing Mayor attended the meeting, from Taiwan's financial elite to the details of the financial business with Chongqing Development Plan.

Anticipation that the financial system in Chongqing, including banking, securities, insurance, financial services mainstream, non-bank financial institutions, the various elements of market exchange, clearing house, financial security system, and five levels. Construction of inland Chongqing, the financial center, the work plan is to focus on promoting the development of the five dimensions.

Anticipation that a good financial ecosystem in Chongqing. Chongqing bank assets, including deposits, assets and loan assets, growth rates higher than the national average, making Chongqing loans, financial assets developed quite rapidly. Meanwhile, the Chongqing bank profits grew rapidly.

Vice President of Banking and Finance from Taiwan, said Chen Tailong recent years, many Taiwan businessmen invested in Chongqing. Industry supports the financial industry, the financial industry is the lifeblood. Taiwan's financial industry can look forward to Chongqing, Chongqing, Taiwan capital finance to take root. Cross-strait cooperation in high-quality talent, coupled with a high degree of wisdom, show a kind of self-confidence, future cross-strait financial industry, can certainly lead the world.

Talent Competition held in charm people, Financial Street

According to reports, Financial Street charm Talent Competition for the Financial Street area were the staff, but also welcome the residents of surrounding communities, commercial shops, and love of performing practitioners, concerned about the Financial Street, the development of groups and individuals free of charge to attend. Competition is planned to start the first weekend in September through the preliminaries, semi-finals and finals, decided at the Financial Street, "Mr. Charm", "Ms. charm" each one, and selected the Best Performance Award, Best Talent, Best Image Award, Excellence Award and other awards.

Anticipation invited Taiwan financial Lai Yu "Gold Rush"

Yesterday, Taiwan's financial elite center for the transfer of shares in Chongqing tours. Ouyang ancestral soldier's photo

NEW YORK (Chief Reporter Sun Liming Liang age intern reporter Wang Shi Jie) yesterday, the chairman of Taiwan's Sovereign Bank Chiu led more than 30 elite Lai Yu Taiwan's financial sector study. Elite cross-strait financial exchanges in the meeting, the Municipal Committee, mayor of Chongqing, Huang Qifan introduced the financial industry development plan, and invited financial institutions to establish branches in our city.

Chongqing, the financial industry "suck money power," leading the country

Anticipation that from asset quality, the current non-performing assets of banks in Chongqing was only about 1%. In 31 provincial cities, including Beijing, Shanghai and Chongqing cities in three lowest non-performing assets. In addition, all banks operating in Chongqing data is not bad. For example, the city banks of deposit and loan growth, has been for 6 years higher than the national average; Chongqing, the bank's return on capital of nearly 20%, while the national average was about 14%; over the past four or five years, Chongqing premium growth rate of 40%.

5 years later, the proportion of the financial industry will reach 12%

Whether a city can become the financial center of the surrounding radiation, an important index is the "loan balance: GDP" ratio. Anticipation that if the ratio of "1:1" sufficient to support economic development. But now, this proportion reached Chongqing, "1.5:1", will strive for 10 years, the proportion had reached "2.5:1", to become the financial center of the surrounding radiation. In addition, the proportion of the financial industry in Chongqing will also rise. Anticipation that, at present, the city GDP, the financial sector accounting for 8.2%, ranking third. The city will strive to 2012, raise the proportion to 10% to 12% in 2015 to upgrade.

5 levels to promote financial development in Chongqing

To achieve these objectives, Chongqing has a clear path to the financial industry. Anticipation that, Chongqing is China one of the 5 major cities, development of the financial industry will focus on five levels of progress, including: bank, insurance, securities Wei representatives of mainstream financial services to the trust, leasing, small loan companies represented by non-mainstream financial institutions, in addition to elements of the market, clearing house and financial security system. Anticipation that, in addition to actively introduce stationed around the city commercial banks in recent years, great efforts to cultivate the city's securities market and hope a few years, the market value of listed companies in Chongqing with GDP rather, at the same time strive to become the company's road show to be listed on the center. If the future of listed companies often have road shows to Chongqing, then the various brokerage firms, funds, investors, insurance companies will set up points to Chongqing.

5 above the Bank of Taiwan intended to "settle down" in Chongqing

Concern of cross-strait economic cooperation framework agreement (ECFA) was signed this year in June in Chongqing, Chongqing became Taiwan's financial cooperation with the pilot areas, to provide Taiwan the mainland banking sector, "green channel" of concessions to the mainland to Taiwan's financial industry set up Branch offers a fast approval. The background of the face of this new cooperation, Taiwan's financial industry is how to treat it?

Willingness to cooperate

For five more banks to enter the Chongqing

"Chongqing's rapid economic development has become the land of domestic and foreign investment enterprises. Such a city, the demand for capital is enormous, and is rapidly growing. Any bank came in were promising." Chiu, chairman of Taiwan's Sovereign Bank, said, Currently the cities of Chongqing, the financial industry is growing rapidly and a huge market, the banks alone to eat, "spread", you can survive very well. With the economic and trade exchanges across the Taiwan Strait continues to heat up, many Taiwan business people in the industry has been investing in building factories in Chongqing, such as Foxconn, Quanta, Inventec, and other famous enterprises have settled in Chongqing.

"Taiwan enterprises should follow the financial industry to Chongqing, providing services for them." Chiu said that Taiwan's banks to enter the short term likely to Chongqing. Currently, there are five banks of more than express such desire. In their view, the two sides in the training of financial personnel, small business loans, and other aspects of space cooperation.

Co-direction

Talent, great trust co-operation

Taiwan's vice president of finance of the Institute Chentai Long said, Taiwan has 37 domestic banks, 32 foreign banks, in addition to 326 community financial institutions. So many banking institutions led to excessive competition in Taiwan's banking industry. Deposit spreads narrow, the current deposit interest rate in Taiwan is only 1.2%, lower profitability. In contrast, mainland banks full competition with Taiwan. Therefore Chentai Long suggested that high-quality personnel in finance, financial products, such as joint research and development cooperation. Taiwan's First Commercial Bank, Ltd, Chow Pak banana Biao Shi, Zai financial Hezuo area, Chongqing Jinrongjigou also go to Taiwan Touzi development, Liang An Yin Xingye can Jianlicelue Lianmengpingtai, cross Huobi clearing Ji Zhi Jian Li, mutual Chengrenjinrong professional license, promote personnel exchanges, the combat against money laundering and financial crime. Cross-strait financial exchanges with the industry through training, exchange of personnel, high-level visits, etc., enhance the management level. Taiwan Trust Association, said the Secretary-General Wu Chun Yi, Taiwan more advanced trust business, has 45 operations in money and trust, real estate trusts, securities trusts. Cross-strait cooperation in trust business, trust companies to explore co-operation with the mainland handling trust business, shares of domestic investment trust companies or directly for the establishment of trust.

"I share transfer center in Chongqing and agricultural and livestock exchange is interested in shares if the means of cooperation can be very good." KGI KGI Securities Co., Ltd., Wei Baosheng that he can help more of Chongqing Taiwan listed companies, financing.

For Taiwan's financial industry, setting up branches Lai Yu

Eighth World Conference of Chinese an important part of the insurance --- to hold cross-strait financial exchanges. Senior people from Taiwan have indicated that the financial sector, financial market development potential of Chongqing, and Chongqing in the financial aspect is willing to strengthen cooperation, including exploring to set up branches in Chongqing and training of financial professionals, lending to SMEs and other Zhankai deep cooperation.

Taiwan's banking sector competition

Vice President of Finance of the Institute of Taiwan, said Chen Tailong, competitive banking industry in Taiwan, can be "too much" to describe the number of banking institutions in Taiwan.

He said Taiwan has 37 domestic banks, 32 foreign banks, in addition to 326 community financial institutions. So many banking institutions led to excessive competition in Taiwan's banking industry. Deposit spreads narrow, the current deposit interest rate in Taiwan is only 1.2%, lower profitability.

Taiwan's current situation is: too much money chasing too few opportunities. Which areas can make money, we all rush at once, once the market saturated, profits will be down, the result fluctuations in the profitability of banks is high.

However, more advanced and the Bank of Taiwan Industry structure, financial innovation has strong management experience, all kinds of professionals are also available, in quality service, cost control and risk control management, a unique.

Chongqing, a huge market potential

At the symposium, said Taiwan's financial sector, and Taiwan's market is different from the mainland banking sector development in late, great potential. At present China is growing rapidly and the financial industry, a huge market with growth potential, "Bank interest rate alone, it can survive very well."

Chongqing as well. Taiwan's financial sector that many financial indicators in Chongqing is not only ranked among the top, but the equity already established in the transfer of Yuzhong District, Chongqing agricultural and livestock exchange, Chongqing United Assets and Equity Exchange, the land transaction market, are unique.

In recent years, economic and trade exchanges across the Taiwan Strait continues to heat up, trade and trade dependency is increasing, and Taiwanese investment become increasingly active in China, many Taiwan business people in the industry has been investing in building factories in Chongqing, such as Foxconn, ASUS, and other famous enterprises have settled in Chongqing, "the financial industry should follow the Taiwan enterprises to Chongqing, for their service."

Various forms of cooperation

Exchange meeting, Taiwan's financial sector that, in June, cross-strait economic cooperation framework agreement signed in Chongqing, Chongqing became Taiwan's financial cooperation with the pilot areas, financial cooperation and exchanges between the two sides face enormous development opportunities.

So, what the two sides can co-operate?

Taiwan's First Commercial Bank of Chow Pak Chiu said that financial cooperation in Taiwan and the Chongqing Financial Jigou She can cross, the cross-strait banking Jianlicelue alliance platform, Jian Li cross-strait currency Qingsuan mechanism, Xianghuchengren financial Zhuanye license, strengthen talents, joint prevention of money laundering, combat financial crime.


Chen Tailong claimed, Taiwan's financial industry in the market marketing, personnel training, risk management and Kongzhi gained such valuable experience Lianganjinrong the industry can Tongguopeixun Jiao Liu, exchange of personnel, exchange of visits and other means Gaoceng learn from each other Jiashenlejie together to improve the management level.

Taiwan Trust Association, said the Secretary-General Wu Xun Yi, Taiwan more advanced trust business, cross-strait cooperation in the trust industry, to explore cooperation in handling trust business, shares of domestic investment trust companies, directly apply for the establishment of trust.

KIG KGI Securities Co., Ltd., Wei Baosheng that he was the city center and the agricultural and livestock share transfer transactions interested in equity participation by way of cooperation. At the same time, can also help Chongqing to Taiwan listed companies and financing.

2010年8月6日星期五

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.

Ping An Trust awarded "Outstanding Trust"

Recently, the "Securities Times" sponsored "the Third China Trust Award Outstanding activities", the Ping An Trust, with its excellence in the professional field, awarded "China's outstanding trust" and "China's outstanding trust managers" "Best class of securities investment trust plans," "the best real estate trust plan," "the best combination of investment trust products," "the most influential brand (product)" six awards.

It is reported that the current evaluation activities, the theme of "innovation lead before the line", participants Criteria for the Trust's revenue, profitability, product proceeds from the mandatory indicators, product innovation and business model innovation were included in the evaluation range.