Stock market decline is not in place because the rescue

 Rescue the stock market decline is not in place because of the daily economic news

2008-6-17 China's stock market paradox of economic growth again. If you do not change the existing policy, the stock market will fall into the mass graves from the glamorous .
many people conclude, at present China's stock market crash, the failure of the policy correction, indicating that there is no use of rescue, the government should completely abandon the rescue. this argument made a fundamental error, pre-policy correction fails, not because rescue useless, but did not save the market place,UGG bailey button, bailout policies is more symbolic than practical significance.
, for example, abolition of stamp duty reduces transaction costs, but the authorities did not reduce the stamp duty is a clear statement long-term stability policy. Therefore, investors are more accurate understanding is that stamp duty is to regulate the stock market ups and downs still the weapons, increase and decrease based on management's judgments on the stock market may be hot and cold. From this sense, the reduction of stamp duty is not established long-term confidence, but short-term positive. In the long run, lifting the stamp duty increase in the stock market uncertainty, the market is large negative.
limit the size of non-reduction, also did not solve the fundamental problem. limit the size of non-reduction not in one step, the entry of more than a certain percentage of large trading platform, expected to adopt specific rules. policies to increase the size of the uncertainty of non-shareholders mm panic or find them through the block trading platform for institutional investors to slightly lower than expected prices shot , or below the limit of the proportion sold in the market, increased market volatility. Restricted Shares after the share reform increases, which in turn increases the uncertainty of the stock market, from the size of the non-shareholders to ordinary shareholders, all fear. went through the motions of the size of the non-lifting restrictions, but the source of the market panic.
blocking a field of fair trading rules, the probability of winning or losing is 50%, while China's stock market has long bull bear short, most investors lose money. macroeconomists to be explained by the macroeconomic situation, unfortunately, the stock market in our country, the macroeconomic analysis of the stock market in general is very Kaopu: 07 years ago, China's economic development, low inflation and high growth opportunities for the development of the stock market, but China's stock market into a long bear market , 06,07 two short-lived rebound in the stock market retaliatory, shortly after the share reform, the Chinese stock market face the core issue of where to go.
giant Chinese market for large enterprises and those wavering pay monetary policy .
With the stock market sagging, low efficiency of these enterprises will be exposed, the SASAC has said that state-owned enterprises in the first quarter profit drop, we will see the next bad report card. from the rising stock market began to get to the bottom cover up the core of conflict , due to external economic slowdown, inflation continues to accelerate, rising raw material costs, pre-tax profits of listed companies in China fell 17.4% year on year growth, down from 49.4% in fiscal 2007. losses doubled while the proportion of the company, from 7.5% in 2007 rose to 15.4%. investment income decreased to duck to water in the investment market performance of large companies are slowing down.
co-author with articles in the draft application has pointed out that the listed company concerned, the price of RMB is wrong. China's foreign exchange earnings by the efficiency of a large number of leading manufacturing companies to create, to the manufacturing sector in terms of the yuan is undervalued, not calculated into the manpower, resources, environment and other relevant costs. but in terms of Industrial and Commercial Bank and other financial institutions, RMB were overvalued, then the bank more than the market value of Citigroup, if the appreciation of the renminbi in place, the ICBC will become the world's largest financial institutions, which is obviously ridiculous. reason only that the creation of manufacturing enterprises through the capital market, foreign dividends preferential policies, transfer to the body of China's large enterprises. Therefore, these supporting companies in China stock market bubble was punctured, the stock market will look completely different.
monetary data also is worrisome. Deutsche Bank predicts foreign hot money this year, 1 to 4 month more than the official reserves reached 350 billion, and the CASS Institute of World Economics and Politics estimates that between 2005 -2007 hot money flowing into China over 800 billion U.S. dollars, accounting for the balance of the end of 2007 more than half of foreign exchange reserves. Although never officially recognized over the data, but the recent turn in the commercial banks to foreign exchange deposit reserve ratio, SAFE encourages a strict foreign exchange into the wide, or even investigation into the funds from Hong Kong, is a signal to the relevant foreign exchange has been more eager to flood the degree.
exchange into yuan should push asset prices, surprisingly, the RMB asset prices were artificially control the stock market and sagging property market slump, which led to a variety of ways to enter foreign currency bank deposits into the real economy. In fact, on the foreign exchange to buy equity from the current situation, not just bargain-hunting foreign investors in China stock market problems, and should be raised to control by China's high real economy. In grain, oil, telecommunications, real estate and other markets, foreign investment and under the guise of foreign investment in domestic exports to domestic sales of hot money going nowhere.
2008 年 6 16,Bailey UGG boots, the SFC Huang Hong-yuan, director of institutions to accept the Chinese government network interview, expressed concern about the market situation. concerned only the concern is not enough, must be fundamentally to change. to change the stock market funds continue to be inefficient policy in favor of big business, to change the current limit of large listed companies sold stock policy. out of a sagging stock market, and only one reason to change the way mm to share respect and maintain the interests of ordinary shareholders. Now, the Chinese stock market investors should continue to respect all quality companies with respect to all the methods to restore market confidence.
Boao Real Estate Forum perception
Note: Participation in the Boao Real Estate Forum, I am not Jian Zong, nor gas were only found in the dissemination of erroneous much. concrete ideas in this week's column on Southern Weekend published. This broad-brush outline of personal perception:
First, no one is looking to reach the empty consensus. but the market a period of adjustment, will market segments, profit more reasonable. can not meet the developers will be eliminated. but I can under the current land policies to achieve the market average profit in doubt, for the control of housing investment doubts about the effect of the same.
second, that the financial crunch,UGG boots, Mr. Fan Gang constant stress, this is my conclusion from his speech, copyright in me, so as not to come to play when, on a swordfight,UGG boots clearance, I am afraid too much. At the same time, I report from Mr. Zhong Wei, and his second half last year and 1-4 months of this year's financing situation in the real estate company, that different companies have different policies. Some companies have change, and now loud noises do not think business model will capsize repentance.
Third, the market is not short of money, contact the investment company that now is find a good business opportunity. not only the real estate market, all industries so. while real estate companies in the According to market segments to achieve docking with the financial institutions.
Fourth, demand for real estate is frozen, but this does not mean that the real estate market has returned to reason. and the same reason the stock market, real estate investment needs to be suppressed, is under strong pressure results.
Fifth, to discuss what image has been the subject of the past, the current theme is reflections. to the mouth of the cost of the loss of Wang as a symbol, the real estate business will return to reason, the results of the past is Jiaokuang easily make money. Government can do is less guilty of