A reference to 02.26 per day paid stock of wealth internal reference agency winners internal reference agencies

A daily stock information. .


(08/02/25).


Crash rescue and then the red on Monday, forcing the management can be expected. .


【 Expo financial reports in listed companies have huge refinancing options, the management of the trial.


Figure with the issue of new funds to ease market funds face pressure. Xinhua News Agency said the China Securities Regulatory Commission has. .


Ratification of two equity funds, fund management companies from China nature China nature of innovation pioneer unit.


Vote funds and fund management companies Soochow Soochow Industry wheeled stock funds. And the last 12 months. .


Issuance of bond mutual funds, which can be regarded as a leading fund comprehensive, plus the removal is permitted.


Points of the new fund, there will be a lot of money coming into the market by the Fund. Analysts said the new fund. .


Of the grant, is expected to bring to market new capital of RMB billions, is expected to boost the market close.


Of weakness, the stock market this week, is expected to be a brief rebound. In addition to new funds, brokerage set of financial products. .


Fund accounts are free, money management and the future of the insurance fund, the social security fund, the establishment of the specialized agencies.


Funds will also have a positive side effect. .


Dongwu Securities Institute believes that the Fund management and approval is an important means of control.


Management control in the index is too high when considered necessary, the general issue of new funds will be suspended while the new release. .


Fund, it means that the management response to the current point. The recent restoration of the new Fund, the management.


Release layer is actually a positive signal, hope the market will gradually develop in a stable. Of course. .


Such a move is the signal for a short period of time greater than the amount of funds to the current market is most lacking.


It is less confidence in the short term need to continue to shock the market to gradually restore confidence, but on the midline. .


Market, the market there are reasons to be optimistic.


Beijing Investment Research said the first release, a move that regulators are now greatly increased and the supply of new shares. .


The slowdown in economic growth, may exist. Currently on the market there is a tremendous expansion of demand for funds in advance.


Period, the authorities in time if not handled properly or not, it will cast a shadow over the market trend for the year. .


The relevant aspects of management wisdom is a test. Previous ? Fund obviously unable to meet the requirements.


Desire to rescue the market did not materialize, and now the market is in line of the 'CBBC' watershed-sensitive position, the market. .


A strong call for timely take effective measures to protect the line and a bull market.


Shanghai, a strategic analyst said, although the issue of the new fund will give the stock market funds, but. .


The main concern of the investor or the market shares of refinancing plan, it is expected that the new Fund approval of good for the stock market.


Limited boost to the stock market may be a brief rally this week, but still difficult to free themselves from the near term. .


Of the disadvantaged. (Expo).


Collection of financial management and fund brokerage accounts finance are "far from water." .


【 Expo financial reports while individual bank's outlets a Queuing phenomenon, however.


And past fund exhausted the first day of sales compared to subscription-based public enthusiasm has cooled significantly. From the previous crazy. .


Rob turned to wait and see, and even is indifference. Jimin to fund risk awareness. In addition to the new release.


Fund management is also a collection of financial products to the broker to open the door. .


In the following safe-Red 1 and 3 red, financing product release, management had ratified.


SW's financial products. This three financial products in the size of the maximum duration can be up to. .


85 billion. High barriers to entry and smaller scale on mitigation 29 market situation without tension.


Suspected drop in the bucket. The fund industry has been concerned about the financial accounts, has been considered to solve the city. .


Farm funds face embarrassment of effective weapons. The special financing conditions have not yet introduced, special financing also.


Is the thunder, little rain. The industry believes that financial management and fund brokerage accounts set of financial management are "distant water". .


Didn't the stock capital of the "thirst". Just received the new fund eligible under the Fund is of the view that, from the most recent.


Approved two new funds per week over the situation, the current policy should be the end point, that once touched. .


The interval, the management will take measures to support the stock market. Despite the fact that the market will be repeated, but.


Medium to long term, the stock market tone up the policy have been identified. For the medium to long term funding, the current point. .


Is opened. But there are many Fund Touyan, overseas markets cizhai dangerous.


Machine has not been lifted, the domestic market, macro-control pressures are not reduced, the intensity of monetary tightening is still, in addition to "big,..


Small non-lifting of the ban ", which peaked in the upcoming" expansion "in the shadow of the stock market, resulting in a market downturn, people.


Gas slack, simply the release of several new funds, estimated to have limited impact on the market, short-term is still hard to put the broader market. .


Removal of the erosion of the market. (Pruk Li Rui).


More powerful than the issue of a card in the Fund is none other than stamp duty adjustment. .


【 Expo financial reports for the month of February, including the issuance of new shares, the SEO and the non-lifting of the ban on the circulation of shares.


, The market demand for funds as possible to 4,000 billion, which is the key to release the pressure when the focus. .


Paragraph, 800 million of capital size obviously not convincing.


Air China Galaxy Securities Funds Research Fellow, said Wang Qun, these new funds can be raised even if the cap from. .


Subscription is complete to enter the market also needs a period of time, and the new Bond Fund for market implications.


Minimal. If the market can not continue to rise, the confidence of the people mobilize, fund sales. .


The Grand will be difficult to reproduce the effects of itself also becomes limited. A Beijing financial Street fund companies.


Said, "A stock market panic and demand to see. We do see the regulators a..


A fairly clear rescue signal, but few fund size and funds in the hands of the stock of more than billion.


There is no material financial impact in comparison. This is also the market valuation is still too high, since the market is still not enough. .


Letter of important reasons. Now everyone is watching, waiting for more of card appears. We also.


Want to release more funds approved after another, can give finance the recovery of surface and bring some of the more popular support. .


Continued improvement, not just the effects of the psychological level. ”。.


Efforts to fund more than the issue of a card, than the adjustment of stamp duty. Famous Financial Review. .


Ms. Yetan believes that members of the abolition of stamp duty, stamp duty has multiple benefits in the tax revenue is extremely small.


Is the finance affordable. Abolition of stamp duty to pass a clear signal to investors that the A shares. .


The market is not a speculative investment, but, at the same time, can stimulate financial products trading turnover, prosperity.


Capital markets. From the tax system, the heavy taxation of the drawbacks of trading links must also be suppressed. Stamp duty. .


Belong to the trading sectors, with the aim of reducing the volume, neither the second nor the allocation.


Optimize the trade structure, reform the tax system is also very harmful. Stamp duty is a symbol, in 2000. .


Billion in tax revenues and market of health and the integrity of Government, it is not difficult to choose between. Of tax experts.


Rich said: "adjustment of stamp duty a major impact, at the government level will not be easily implemented. A bubble is still present..


Is not fully free, without the need to adjust the stamp of the lifeboat. But the Government should not give up on stamp duty.


Control means on the stock market. "(Bear with Li Qi China Times)..


Biography of regulatory measures to boost the level of brewing combine market confidence.


】 【Expo Within a month of financial reports of 23 listed companies to re-financing package, involving. .


And funding of up to $ 2043. Fierce expansion the already fragile back into the stock market downturn. From.


Insider news, This time the expansion has been a lot of organizations will be reflected in the views of the Commission, and monitoring. .


Pipe layer is concerned with this issue, it is expected that will expand use of funds and risk strengthening review for refinancing.


Line will have certain restrictions. It is reported that regulators on the performance of the existing A shares remains positive, and mining. .


A series of measures to boost the combination of primary and secondary market confidence.


Only one year with a collection of 07 financial products approved compared to industry sources, 08 coupons. .


' Collection of financial product release has been accelerating, it is expected that there will be more and more products are granted. It was informed.


Sources, the second batch of qualified financial accounts are available for the fund companies will soon announced. Overseas. .


Experience shows that the total size of the special financing business is about one-tenth the size of the common fund, is stock.


One-fifth the size of funds. This calculation, the long run fiscal account is expected to introduce A-share market. .


2000 to 3000 million funding. In addition, the new Fund ushered in a new wave of small climax. It is expected that new this month.


Fund raising new funds and sub funds amount to close to 800 billion. .


Boost series combination of boxing.


Regulators to boost measures also not limited. Close to those from the news that the SFC. .


Regulation on existing markets is still optimistic, but investors panic and confidence of these tables.


Now worries. In this regard, regulators will further accelerate the preparation of GEM, and also increase the IPO. .


Reorganization of the audit, and whether it's small and medium-sized Board, motherboard or future growth will be in processing time.


The shorter. In the re-financing, the Commission issued the original among the Listing Division of the Department of this regulation. .


Not broken down, the future will also be consolidated by listing to perform auditing and monitoring with a view to improving efficiency. At the same time.


The sources, had been stagnant IPO real estate companies also plan to start clearance. .


It is noted that the Commission looks forward to an efficient way to activate the market for primary and secondary markets increase.


Increase confidence and hope "to solve the problem through the development." For refinancing existing impact of there senior broker. .


That the Commission is expected to be on the use of funds and risk, and restricted to a certain extent.


Financing scale. The source believes that the recent action from the regulators see, it is a "rescue" the intent. .


At present domestic stock market by various domestic and external factors and fluctuations, regulators will release.


Fund special account for financial products, in a sense, it is tightening macro-control on the background of the shares. .


City policy orientation is a relatively liberal imagination.


Analysts pointed out that in the current market conditions, tight direction of the overall macro-control policies do not. .


Change, from now and in the light of the above, all sorts of market management, particularly from the stock market management policies.


The indications, management of the difference between management of the stock market orientation not only exists, but has become increasingly clear. .


Suspect's voice seems to be that vigilance, analysts pointed out that the regulators "flirting" mainly original.


Work for a big expansion to his breakthrough, but the recent market weakness, management must make to the new base. .


Blonde behavior Guide, prepare for the expansion of the assets of the funds corresponding to undertake in order to create a good market atmosphere.


Wai. .


Safety points?.


The regulators of the huge refinancing made no formal statement before the market is to the security. .


Point, the different fund companies in the event of a disagreement between the obvious. A fund that, even if the company.


Is the same company, between different fund managers, there are also differences at each of the morning several times a week. .


People's views are not the same.


Dacheng Fund believes that the management accounts released the first batch of financial qualifications and a few new fund products. .


Products, further to the significant decline in the market is unlikely, but on the other hand, large non-IPO stock holdings, new.


Factors such as funding a lot of pressure on the market. China Southern Fund, said people in the shrinking market turnover. .


Overall trend appears difficult to rise, but at this point in the management of State care market.


Degree should be very clear, the recent succession of new stock funds approved release of a greater market confidence. .


Support, stock index rebound short stabilises. The recent opening of the new Fund reflected.


A positive policy signals, from one side of the regulators that approved the current point, for. .


Market confidence level greater impact, contribute to a stock market wouldn??t. However, market sentiment need a..


Given time accumulation. (In the financial network). .


SFC's internal discussions over stamp duty on specific amounts remaining variables.


Financial Report】 【Expo in mid-February, deep rate cut stamp duty on market turmoil that desire again. .


Sky-rocketing. There are rumors that management is likely to be in the index further downturn will present 0. .3 percent.


Stamp duty rate reduced to 0. .2%, But subsequently confirmed that there was only related to the SFC's internal discussions. .


Specific amounts still flies. Since the beginning of February, many experts and scholars in further calls on the Government.


Government reduced the stamp duty or to act unilaterally imposed in the form of stock market funds to avoid the "natural evaporation," but industry. .


Of appeal did not have any management..


"China Times" has learned that last year, "5.30" raised the stamp duty is first mentioned by the SFC. .


Report to the Minister of finance out upward, the latter State and the final approval. However, the Commission is party.


Surface but no movement. A Commission spokesman said that "there is indeed a relevant internal discussions, but not heard..


This report presents ". While the Treasury Department spokesman, said that there is currently not aware of stamp duty to adjust.


Relevant circumstances, he also stressed that expressly provided the Ministry of Finance, Ministry of Finance, relevant parties are not allowed on this publication. .


Comments. CUPL and taxation financial Institute in the past, Shi body representing. stamp duty.


Programs are developed by the Ministry of Finance reported the State Council, Ministry of Finance issued after the passage by the State Council, and instructions. .


The programme is approved by the State. But academics have long emphasized the importance of strict observance of the statutory tax originally.


Is that the stamp duty adjustment programs should be directly released by the State Council - the experience of last year's stamp issues. .


The attitude of the State to become a judge the wind flags.


According to the National Tax Administration data show that stamp duty on securities transactions in 2007 generated revenue of 200.5 billion yuan. .


Increase compared to 2006, an increase of $ 1825. .2 x 10. If a poll by the stock market, the shareholders were shared equally.


Averaged 2,800 yuan. Water skin, said financial commentator, 08 the government needs to be done very much. .


Stamp duty rates or not does not change the State of the market, neither because of the reduction of the bull market.


Change bears, do not fall in the stock market bailout unilateral untold miseries, but still down or unilateral levy stamp duty. .


Collect necessary. Renmin University of China Securities Finance Institute Zhao Tin soldiers said that at present China.


Stamp duty are in a high proportion of the state in the world of the future market competition is very unfavorable. Previously. .


Market the HKEx is an outgoing message, Mr Ronald ARCULLI, Chairman of the Hong Kong Government to abolish the current recommendations of India.


Flowers tax, A-share market increasingly highlighted the fact that high transaction costs. (China Times Jiang Yanyan Wu Lihua). .


Fund distribution points with signal meaning 4300 is a bottom in the vicinity of the policy.


【Exhibition】 new fund issue financial reports showed weakness in the management of the market performance of recent concern. .


1 February two equity funds granted to the market rebound, but rebounded limited, which led to the pipe.


Introduction of more policy management layer to stimulate the market, it also shows 4300 has become a policy near the end. .


However, at present, fund distribution status allows ordinary shares of the Fund policy more significance with the signal.


Practical lower. .


If the market continues to decline, may have to continue to fund, to fund into.


Line window guidance, the suspension of IPO and refinancing, adjusting the stamp duty and other policies. However, considering January more. .


High trade surplus, high CPI and a large number of loans that economic growth is still in early 08..


To maintain a high speed, so the short term may also see signs of the government to relax its macro-control, market. .


On the credit boom, and real estate and the whole macro-hard landing fears may further exacerbate this is.


Long-term trend of the stock market decided the most important factor, so the current market bounce up and not only. .


Reversed. (Guotai Junan).


In line break and then more money is the new hope to get away. .


【 Expo financial reports on 1 February, investors also experienced a "Black Friday".


Then good news triggered a retaliatory February 4 rebound, then this is also the deepest Mon. .


Possible health?.


No matter the medium-term or short-term bottom of the bottom of the second bottom is a common form at the bottom of the formation. .


State, simple technical analysis, the line appear near the end of the second exploration tendency and 4800 point area.


Second bottom with a lot of similarities. First, although the two bottom prices appear at different times, before. .


Who is in December last year, this is before and after in February this year, but twice on the bottom of the zone.


Features are similar, counting from the last round of high points to the bottom area index have both been more than 20%. .


Yesterday, the lowest point since the former 6124-4778, the largest decline 21. .97%, since the latter.


A low of 4195 points 5522 points, the biggest decline of 24%. This also implies that decline came from the measure. .


Look at the bottom of the zone with the short or medium term bottom characteristics.


From a technical trend, the double-dip operation cycle is also very similar. Last December when the index probe. .


The low point, the market appeared in nine small bounce trading days before the end of the second probe launched in. ..


Before the current round of the second bottom, the market out of the 7 days of rally. Double-dip market also. .


There is an important feature of the anastomosis: are experienced bottom rebound after necking starts volume on the bottom, the heart of the market.


Changes in exactly the same reason, two strikingly similar characteristics of bottom pre-market, whether out of the same. .


The key outcome? lies in the amount of interpretation.


Who fell in the manufacture of heavy volume. .


Number of empty sides this around Shanghai line "foot soldiers", whose turnover has undergone three cycles.


Change, but also records the long and short sides of the mental conversion process. .


The first cycle is 28 January to 1 February, empty the first line of the year, launching an attack.


Turnover has been shrinking over the bull market, but remained at between 800 billion -900 billion, it said. .


Ming original bulls still confident that bargain more positive; the second cycle, 4-2.


February 15, long after the management release positive rebound in manufacturing with a vengeance, but apart from the first bounce. .


Daily turnover of billions, turnover, three consecutive trading day are only five to six billion.


Level, indicating that the original bull began to swing from optimism to become, not to undertake another approach;. .


The third cycle is from February 18 to date, five consecutive trading days, the billions of dollars.


When the volume in which stock index fell more than the rises, which means that some of the new approach began long. .


While originally optimistic bottom shock forces are scared to go for short, has joined the shadie line.


Column, and the new approach to long because the market optimistic about the future, adverse economic opportunity to collect chips to finish. .


The bottom of the last build.


Therefore, the main round of heavy volume decline was none other than 6124 points down after the post was optimistic. .


City of funds in line near the end of the second approach to knock their faith, also gave a new Bull.


Admission opportunities, so the trend appears to terrorist behind, investors should not be unduly pessimistic. In fact, the. .


The collapse of the week is not bright no, whether private or public placement Fund are positive action.


, A new and more money is deceive. .





Private equity funds since the beginning of the blue chips will be in addition to all the other hot plate full bloom, from. .


Agricultural sector, the chemical plate, plate, venture to the Shanghai local gaosongzhuan plate tectonic plate, can share.


See their figure, while Shanghai Pudong Development Bank last week, a huge refinancing plans a surprise attack, resulting index. .


Accident, there is no slowdown in private equity funds in the market, even panic, Prev close in one fell swoop down on weekends.


In line break, the two cities have seven subject shares are still firmly shut daily limit, while the contrast is not between the two cities. .


A limit, it can be seen that the strength of loose and there is no retreat, but the majority of retail sell low.


When private equity funds are doing is when Huan, raised funds and no rest, all the way toward the super fund. .


Blue chips drop to Shanghai Pudong Development Bank, led by the Fund to the collapse of stocks that are put on the body, from the intersection.


The analysis of public information easily, such blue-chip sell five seats and five seats almost bought. .


Are institutions occupy a special seats; another way funding to new hotspots, ltw co., Dunhuang seed industry, etc..


Agricultural sector has attracted hundreds of millions of capital, over the weekend near the limit of the real estate stocks have more than 7000 million in Lujiazui. .


Institutional funds to. There is no doubt that the stock index fell under the cover of the new funding is being held as a matter of days.


Harbor scene: the use of index stocks to create panic, to make a profit on the subject shares. .


Technical support is at hand.


If the line from the Japanese perspective, the situation is relatively poor, but if the stock index continues to fall advantage of the opportunity, too. .


Will soon be faced with the technical support, investors should not blindly shadie.


The first technical support in June last year, two major high points 4312 points 4335 points and connected structure. .


Build a trend line, the lowest point on Friday the stock index has touched the trend line for support, as a result of the last year.


Two represent the blue-chip high starting point of the bubble market, so the continuous drop in the blue chips after the index. .


Back to the trend line also indicates that the market for blue-chip foam-correction is nearing completion. The second.


Technical support is broader sixty week moving average, to 4270 points this week to run around, as the moving average. .


Both lines are long-term support, for the first time this fall did not fear to which are line huitan.


The third technical support of course, on line support, as the "CBBC line" and, while short-term below. .


But most likely it was the "bear trap" that last weekend the management once again surprise approval number only equity open.


Let-end fund, the management of the line to defend their intentions quite clear. .


Analysis can be seen that in the current market conditions, investors, there is no need to panic too much, though.


Risk of further collapse, but the market has entered the stage of shock bottoms. In such a shock among the watching index speculation. .


Unit operations more difficult, the industry proposed that everyone fell below the line, the bold theme unit involved.


The Duanchao, fall as buy, slipped a small buy, especially from emerging hot spots Friday in the mining stocks. .


Such as Shanghai and industry restructuring plate, etc. (Chengdu business daily Huang Yi Zeng Jian Li Na).


Earlier this week, is a time-sensitive point in a change in the market or re-offer. .


【 Expo financial reports huatai securities Li Ming lights that short-term market shares for refinancing and the size of non-solution.


Is forbidden to sell stock index rebounded down the weak and the main cause of anti-body, in which financial and real estate are two weights. .


Plate movements are not encouraging. While in market confidence waning, policy changes become.


Market focus, although the stock index on Friday in line breakdown, but the short-term long-short near the line of battle in years also. .


Will continue. After this second approach, the market of selling pressure will gradually decrease again.


Increase the possibility of a small decline, but during the two sessions will be to stabilize, there will be good not rule out the introduction. .


After the city is expected to stabilise the oscillation of the movements at the end of the second exploration base and oscillation rebound..


New flagship center pointed out that although the continuous blue chip pressure plate again in the short term the market system. .


Makes the panicked and pressure, but it still doesn't change the market in the years to build stage near the bottom of the properties.


Positive in the February 4 retaliatory counterattack appears to stimulate the market, the OTC has been in continued funding. .


Approach, this continuous zoom turnover reflects those funds have been proactive in market downturn.


Line near the beginning of panic, a lot of intervention. Market in the past six months in advance and as deep KLCI index. .


Nearly a month is constructing and November last year in mid-December to mid-like head and shoulders bottom morphology,!.


Stage is to build the right shoulder, right shoulder once completed, will boost the market quickly from the bottom. So. .


Investors this week should focus on the success of the deep integrated means to complete the head and shoulders bottom morphology. Technically, a..


Shanghai index plunged again on the breakdown of lines, short lines can be resolved quickly recovered in the market to continue. .


Decline of the crisis. As the dominant trend of deep integrated means may be understood as a daily average of 20 line break after.


Withdrawing, but also the support of the head and shoulders bottom shape, as long as they rely on the 20 day MA Qiwen counterattack, then. .


The city can continue after lingzhang. In addition, stock index, CSI 300 index back to fill the 4 February vacancy.


Mouth, deep covering the KLCI's February 18 to jump the gap, now the only Shenzhen Component Index has not been fully. .


Back to complement 4 February, in fact, this is a stock index swept away late to worry about filling in the counterattack.


Earlier this week, is the last point of a time-sensitive market position in the key change is likely to occur again. .


Spare. Market in the years to build a stage near the bottom of the properties are still intact, with the index back to fill.


Mouth, short-term downside is limited. Stage in the broader market investors can continue to select good potential for a bottom. .


Unit involved. Short-term focus stock of the line can be quickly restored.


Times the new advisory that the probability of bear market is not transferred, but the market to go through the CBBC exams. .


The line will be recovered within three days, week will usher in a second time on the bottom of the turning point. Month 998 online looks.


0 points to 6124 points. .382 Division located in the 4160 points, and February 1 coincident low base, technology. .


Surgery has the supporting role. Weekly chart view, adjust the low point to 530 6124 high points, 18.


Zhou, 6124 high for the current time adjusted to 18 weeks, up cycles and down cycles of basic symmetry. .


Therefore, this week's market experienced a CBBC studied after the turn.


The Zhe Jiang Lijie Yang Huizhong is pessimistic that the line once again in the fall that far from the bottom of the market. .


There is, after a long-term rise in adjusted pressure after the bull market is very large. 6124 point since.


Three waves of adjustment has begun, the first two waves are the faster the decline, the current third wave Yindie if shrinkage. .


Ways then adjusted time will be longer, but if it is a quick way to complete.


Down, then the adjusted time will be shorter, afternoon's first goal is to adjust the 4000 point mark. .


The second goal in the vicinity of 3500 points. The decline in the third band will be the full Pfizer stock, early table.


Is active stocks will also face the risk of rapid decline. The trend is likely this week: Monday broad market. .


Direct low shuffle, early lows near 4195 point might have spare rebound, then straight.


Access point support test 4000, Zhou K line will close at the lowest point. Good news can only slow down the current market. .


Field adjustment of speed, but it does not truly reversing the direction of the market, investors or to grasp.


The end of the market there is big time, control of stock risk is the most important! (Li, Huatai Securities in light of new flagship..


Heart times new investment advisory SEI-Kee) Zhejiang Lijie Yang.


Subordinated debt is one of the major incentives for A shares adjusted down there are more important reasons. .


【 Expo for financial reports from the time span, the current round of one of the main causes of adjustment should be the United States.


The subprime mortgage crisis. Normally, subprime crisis impact on the A shares should be limited, but in fact A shares. .


Distinctly more than the United States equity market. In other words, A unit of decline should there are more important reasons.


Ping huge refinancing, the market opened down the real reason that the market supply and demand structure changes. .


The information shows that the current market value of A share of 32 trillion, circulation market value is 8 000 million.


In other words, restricted shares account for most of the proportion, scale far beyond the main cities of the first (the Fund). .


If three-quarters of the restricted shares into the secondary market, the result should not be difficult to imagine.


But the stock bull market two years after the reform, decentralization of the market's attention on the non-tradable shares. Until the peace. .


The huge refinancing the market focus limited to "lock" problem. Such a vision.


Line of thinking is not difficult as the result of the transfer is to strengthen the market's sell into strength. That, with the shares. .


Instead, after the era of limited pay the rhythm, the effect will be an important factor in the market.


Must be noted that, in the short term investors who over-pessimistic inappropriate. A large shareholder. .


To ensure the absolute position of the holding, are unlikely to be a lot of cash, restricted shares and shareholders of circulation.


Interest convergence. Although limited to relatively low cost of the Selling Shareholders, as long as stock prices are still reasonable, and the Restricted Shares. .


Circulation shareholders will not have any conflict of interest; and third, the stock market is still the need for the State financing, and implementation.


The integration of state-owned assets. Therefore, the SASAC necessarily maintain the market stability, in order to avoid the stock market financing. .


Loss of function.


According to statistics, the Restricted Shares to lift the embargo on the peak of the major 2,3 and 8 months. In other words, the city. .


Digestion in early February and March, after the lifting pressure is expected to be several months of rest periods. Combined cycle.


Theory, in the near future after the release of panic sell into strength, the market is expected to enter a period of sustained good. .


Rebound in the market. Market situation, since the market has entered a period of investment themes; therefore, have a..


Certain themes of the plate would be more market appeal. Recommendations for appropriate attention to venture capital sector and new energy. .


Source, and benefit from the concept of chemical fertilizer in agriculture. In addition, for moderate investors, it is recommended that you can focus on growth.


More specific medical, retail, electronics, food and beverage industries. From a macro-ring. .


Landscape, these industries subject to export, the negative impact of macroeconomic adjustment and relatively limited, growth is relatively stable.


From a policy perspective, the Government needs to adopt expansionary domestic demand policies to hedge export. .


The negative impact of the investment decline. If the increase in the new rural construction, energy conservation and emission reduction, medical education, high-tech.


Operation and other expenditure, so that the medicine, electronic information industry is also beneficial. (Guangzhou Bandung). .


National Securities: confusion self-repairing in waiting for the market.


Financial Report】 【Expo recent market trends can be a "random" words to describe. First, the City. .


Field of the environment, good bad policies are a dime a dozen, all confused and disoriented. Secondly, market hot mess.


Bank shares lead Zapan side is the side of agriculture and new energy is soaring contrarian. What factors contribute. .


Market mess? ' amidst the current confusion in the market environment is behind?.


Policy interventions lay hidden. .


At the end of November last year to December in the first half of the adjustment phase at this stage and at the time, compared to many.


In common, such as turnover in the doldrums, lack of hot spots, but has the support of average system. But carefully. .


To study the similarities and differences between the two phases of the discovery of a very significant and essential difference is the adjusted time.


Room. November to 12 months of adjustment in the small platform near the line six months after the 2 weeks in the no. .


Substantive policy support, and centralized issuance of new shares, stock index after a period of adjustment.


Out of the rally. Active during the hot rebound, there are many short-term doubling of the stock. Reason to believe that. .


This is a market demand, is a voluntary initiative.


Recent adjustments, perhaps in a bull market in line below the unbearable, maybe snow. .


Disasters need comfort, surrounded by investors may be approaching the spring market denies panic, maybe there are other original.


Because, in short, at the crucial moment (Spring Festival), the key point (near the line of) the management issued a profit. .


Well, and has successfully captured before the second record of the transaction date. But it's with 8%.


The increase is not symmetrical, and before the last day of the transaction closing Yin, are harbingers of policy intervention to the market. .


The adjustments are not fully hidden.


Huge refinancing unbearable. .


After the Spring Festival for a week of trading, but also to feel some of the policy change. First of all..


Tight monetary policy has not changed. Preganglionic post-disaster reconstruction and 3 February the central bank issued an emergency notice. .


Once investors snapped to a Central Bank policies may have varying signal, 14 February, the big back.


Cage and tell you that the central bank funds, from the tight policy has not changed. Meanwhile, the January CPI data record 10. .


Over the years since, the Central Bank tightening liquidity is imperative. And tightened liquidity corresponds.


Is a huge market funds face pressure: on the one hand, "the size of non-" lifting a significant increase in market value, but with. .


As the market's weak and shocks, size shareholders sell chips are more strongly the desire, to the market.


Impact can not be ignored; the other hand, is to refinance more than one hundred billion yuan in Ping An oversized. .


Although the scale of refinancing is to vote with their feet the market, but this does not seem to give rise to any financial enterprises of the police.


Said that Shanghai Pudong Development Bank remains unchanged, and its size only to clarify the notice does not confirm, but also very possible. .


More than the market. 18 January China Ping'an announces refinancing stock index fell by 10.


Fallen by nearly a point trading day, and now Shanghai Pudong Development refinancing, stock go from here? I'm afraid the odds. .


However, the stock market has never been completely similar history. And peace the refinancing.


In response to the upcoming financial pressure, management of pre-released four funds for hedging. .


But there must also be recognized that the market has its own laws, before man as stimuli to the present.


The feeling of watching a little Destructive Enthusiasm. And now, the market needs time to adjust and repair itself. .


Familiar with and used the "chaos".


Hot and opportunities from the market point of view, the characteristics of this stage will run through most of this year, maybe. .


Investors should be familiar with and used to this kind of looks like a bit of a "mess" of the market environment, timely adjustment of operational strategy.


Slightly. Since the past few trading days, stocks of agricultural products and gain market new energy favorable, and in the study. .


It was found that some real results for growth to support the concept of stock, or behave in a more robust.


At the moment, macroeconomic trends, management policy changes in the international market orientation and memory and many other aspects. .


In this uncertain factors in the overall context, holding the certainty of the varieties is the security policy. Ho. ..


Certainty that the species, on the one hand, this year in line with national policy guidance, such as agriculture, medical reform, the new. .


Energy policy-related industries, on the other hand, you really can see performance growth trend. (National card.


Voucher Ma Jiaying). .


Shin securities: must face the reality of pressure expansion.


Financial Report】 【Expo 2008 A-share fund faces three big mountains there. First issue of new shares. .


In 2008 there is a listing of hearsay or has entered the listing process of the company up to 179 and gem package.


Public way may have 200 listed companies; the second is to refinance, since thousands of Ping An announced in January. .


Billion financing plan, the only within one month of the changeover to a total of 23 listed companies, involved in the refinancing plan.


And the size of more than 200 billion yuan of funds; third lifted shares in 2008 there will be 1,300 million shares. .


Various types of limited stocks, they bring into circulation market value increment over 3. .01 billion yuan. The same.


, The lifting of the ban constitutes shares the emergence of new changes. The lifting of the ban in 2008 in the starting stock agencies occupy placing shares. .


A higher proportion, they mostly company listing in the stockholders prior to the entry of non-State-owned corporate.


Shares, the cost is very low, there is now several times the revenue, and the transaction is almost unlimited. Transport of silver. .


Line, ping and other large companies, has a number of extremely complex shareholding ratio lower body master.


Body, their motivation will be far higher than previously sold the "cardinal" and state-owned legal person shares. .


Huge expansion pressure has changed the investors in the future market demand and supply of funds basic relations.


Expected, which means that in 2008 the overall market will enter a more complex interpretation of the process. Moreover, when the pump. .


Issuing bank (600000) refinancing is expected to evolve into a kind of hysteria, market weakness.


Exposed. Business growth, valuation, policy attitudes may have not even drag the market away. .


Potential, huge expansion pressure has changed the investors in the future market demand and supply of funds..


The basic relationship is expected, which means that in 2008 the overall market will enter a more complex interpretation of the process. From. .


Medium-term perspective, the market supply and demand is expected to have a significant change in the original share price can be.


Maintain the market's largest uncertainty, most investors more cautious market sentiment is difficult to plot. .


Together. Now that Flash has become one of the important market pressure, especially in tight macroeconomic policies.


Contraction and the stock market is expected to blur the background, the incremental expansion more likely to cause changes in the expectations of investors, enter. .


And greater selling pressure.


But different methods impact on the market expansion is not the same market in the face with a variety of expansion. .


The pressure to reality, but also do not have to be so completely to pessimism. As we implement the banking industry for financing.


Rapid growth of one of the most important ways, and if financing can bring more revenue, so that the behavior of management. .


Should be given to investors. Sell pay nor equal to the fundamental reality of selling, it is still the dominant factor.


Is the company's valuation and future expectations. In particular, experienced a substantial adjustment, the current venue and more. .


A number of equities. Societe Generale Bank (601166) the market value of more than 1400 billion, and the lifting of the ban.


No significant fluctuations in share prices to the company. In addition, different types of lifting the ban will also not sell the shares. .


The same year, such as the lifting of the market value of the second steel shares (600019), the lifting of the ban of 119 in August.


Million shares to Baosteel Group holding, the SAC's relevant policies and control of key industries and enterprises, decisions. .


A percentage of the sale and the possibilities are very small. (Shin securities Xu marine).


Safe management of the final financing package will reflect the intention. .


【 Expo for financial reports, including media coverage, "Chairman Mamingzhe, senior Chinese peace.


Two recently initiated security team to Beijing and Shanghai, visiting a local concentration of the major fund companies, explain the market has been quality. .


The amount of days, such as "refinancing purposes. The media also said, "the Chinese peace in and fund company communication.


Said the final amount of the refinancing of about 800 billion may contain about 400 million additional separation. .


Trading of convertible bonds, and before you say 1600 billion. "Just visiting company?.


The amount of financing peace day, not only under pressure of its own, the Commission, China Insurance Regulatory Commission also felt. .


The pressure from the community. Peace after the publication of the programme, the authorities have conducted special seminars.


On the. Therefore, the peace the north, must shoulder the task of communicating with the regulators, and communication with the regulators. .


-Results will be reflected to its final financing programmes. In other words, this peace.


The final financing package, will reflect management intent. .


The issue of a new Fund, lowered the stamp duty, are not of this adjustment on the positive. As in. ..


Really are good for this adjustment, it should also be inherent in the peace of the final financial package. Solution. .


Problem, the current adjustments originated in China, while the corresponding comparison, massively rebound.


China is likely to play in peace. March 5, Ping An shareholders will consider re-financing options. .


This for all investors, it may be a big day. (The Beijing Youth daily fan Tai Yu).


Gold in the "frequent action," stock index futures have all set. .


【 Expo financial reports in recent days, China financial futures exchange "motions" swimmers, announced in February.


18 IF0804 Stock Index futures contracts trading simulation, but also reduces the simulation trading clearing members. .


Margin, and then ratified 10 home information services, stock index futures are close at hand.


Jan. 15, in the Jin Suoxuan cloth, the new contract IF0804 contract market, linked to disk benchmark price. .


5272. .4, the margin is 12% and 18, as indicated, in order to improve.


Simulation trading funds rate, the effective simulation testing of the clearing member trading risk control. .


Exchange determines according to clearing members funds account funds used, appropriate to reduce the accounts.


Settlement reserve balance, the gold tips are also said clearing members of each simulation accounts for the payment of funds. .


For exchanges, clearing members do not need to Exchange sends out payment applications; and in 18 days.


The first gold in 10 information services approved by operation of gold in the real-time quotes information. Stock index futures. .


Now that everything is ready. Professional analysis, stock index futures launch time should not far, after recently.


Finishing time of stock market volatility, stock index futures is now the time is ripe. (City Express). .


Bank has opened to defuse pressure regulation and a comprehensive "prescriptions".


Financial Report】 【Expo February 22, People's Bank in its release of "07 in the fourth quarter. .


China's monetary policy report discloses the orientation of monetary policy: the Central Bank will implement tight.


Monetary policy, enhance the predictability and effectiveness of regulation, pay attention to guide expectations, and after at home and abroad. .


Economic and financial situation changes, scientifically controlled pace and intensity, timely fine-tuning, and strive for.


Creating economic growth and structural adjustment of the currency stable financial environment. "Timely" and "proper" and "fine tuning", the word pour. .


Sentence of discretion between central banks in the implementation of monetary policy, reflecting the monetary policy operation of delicacy ".


"And" flexibility "is also quite vividly expresses the subtle changes in the current macroeconomic trends. Country..


Statistical Office of the latest statistics show that is affected by factors such as the Spring Festival and snowstorms, China's home in January of this year.


China consumer price index (CPI) monthly record high of 97 years. This means that haunt the economy. .


More inflationary pressures. At the same time, subject to monetary funds face relaxed, commercial lending desire.


Strong, the trade surplus continued high and other factors, the persistence of excess liquidity that of the original. .


This severe inflation situation worsened. These changes concern not the Central Bank.


Experts point out that the current domestic inflation situation is more serious, and by accelerating development of globalization. .


Economic transition in the context of the current round of inflation mechanism more complex, international market price transmission and the country.


Supply constraints and resources within the price adjustment factors and other factors impact on the prices of the superposition, early 08's. .


Snow and ice hazards are also within a short period of time, the prices have had a certain impetus. In this context, on.


Inflation to maintain the necessary vigilance and inevitable choice for the camera, but must pay attention to the macro. .


Epigenetics of intensity and pace, you must guard against lodging of excessive and hard.


Landing problem. The complexity of the internal external intertwined, so that the task of fighting inflationary pressures the central bank is particularly difficult. .


And identities in the face of the current growing inflation, central banks choose positive response. Reported.


Made a report on the economic situation calm judgments, estimates that the outstanding problems in economic operations will be slow. .


Solution, but also for the domestic economy run over some deep-seated contradiction is rendered, expediting the adjustment and. ..


Made the release of the trend forecast. Based on this judge, the central bank monetary policy report made it clear that the. .


According to the CPC Central Committee and State Council unified deployment, preventing the "double" as the primary task of the macro. The same.


When the current round of price increases for the formation mechanism and characteristics, the report also proposed a "reasonable use of monetary policy..


Strategic role of inhibition of aggregate demand expansion "," continue to strengthen its supply management "and" grasping the price level in the medium to long.


Of trends, a reasonable guide is expected "and other countermeasures. This means that the central bank has to resolve the regulatory pressure to open..


Out a comprehensive "prescriptions". There is reason to believe that, in 2008, uphold the principles of prudence and a positive attitude, and. ..


Improve macro-control science, predictability and effectiveness, the central bank will be able to economic growth and Results. .


Structure to create a smooth adjustment of the monetary and financial environment. (Financial times).


Refinancing Company "做人要厚道." .


【 Expo for financial reports, stock market to a "meet with will fall," "the issuance of a tiger".


After the share reform, especially the case 06-07 years great changes, one would be issued a company (even if it is hearsay). .


Stock trading-o. You can but he turned over, ping an as high as $ 160 billion in public.


Open additional plans, the market scared half to death, Shanghai Pudong Development Bank intends to finance more than 400 million, is not heard it. .


Sound, smell it. Trying new kids on the block or this old saying: the bull market for stocks, a bear market for icing on the cake.


Share worse. Although not considered a bear market now, but into the middle and adjustments are recognized. .


Facts. The problem is that the stock before the money then ruthless, stock prices fell again also has nothing to do with the largest shareholder, is now available.


The same. Since the size of the shareholders sitting on the same bench, the stock fell the pain of small investors, large shareholders of pain. .


The entire market pain, refinancing is no longer a company, but the whole thing on the market.


Companies will talk about the refinancing market, public morality, especially in large companies. .


According to media reports, as of February 20, 44 companies raised the refinancing plan for that.


Total amount of financing 260 billion yuan, an average of every 60 billion; and 07 190 companies throughout the year, however. .


Implementation of refinancing, loans-3940 billion average 21 billion. Refinancing rate of sunshine "days.


The amount of "market adjustment is clearly intolerable. And then there are mainly four types of financing in the form: public issuance..


Directional add-issuance and placement of shares and bonds (including corporate bonds, convertible bonds, separation of debt, etc.). Reflected from the market.


Look, the most unpopular public issuance date, "break" the vast majority of public offerings, peace, Pu. .


Hair has become the target of public criticism. Why a tremendous amount of additional financing public market, drawing blood.


44 this year, the company intends to refinance, but additional public peace, the United States, investment property, special change. .


Electrician's four, you can raise the amount of up to 1760 billion yuan, accounting for the proportion of the amount to be financed up to .7 percent; 67...


Two all cash, and the vast majority of small shareholders to bear, little commitment to participate in additional major shareholders;. .


Three additional price is high, and directional add-issuance by the Board on the basis of a notice, stock prices, increased openness.


Publication date of the prospectus issued by stock basis, the latter than the former price should be much higher. Rights attached to convertible bonds. .


Card (that is, separating bonds) are also not welcome. Such as the recent adoption of the mode of Sinopec, Hong Kong.


Performance of the Group is not good, especially China, Sinopec, raised stock prices during the losing streak, and therefore weighed on the market. .


The main reason is the enormous amount based on the survey, only China petrochemical company separation debt a $ 30 billion. (Financial.


He reported that male investment in Lithuania). .


Technical analysis stock 08 years of long-term costs and turnaround time.


Financial Report】 【Expo historical trend, the benchmark Shanghai Composite Index history of the formation of an important. .


The "original" channel, channel in Vietnam in September for 94 1052 points, 97, 1510 points.


August 2000 2114 points, 2245 points in June 2001 and other top of the connection, Tongdaoxiagui 96. .


1 512 points, 99, bottom line 1047 points, etc..


The "original" channel up and down tracks and in May 1429 and 92 points, 93 in February 1559. .


Point two top line constitutes a huge rise in channels, more than half the time in the history of this trend.


Great run up the channel, on behalf of the Shanghai Composite historical trend of the long-term cost areas. On this 3. .


Rising trendline is Shanghai's historical trend of long-term costs, if there is too much deviation from the back of efficiency.


Should, therefore 07 benchmark Shanghai Composite Index after the end of the year after the upside once again adjust the pressure finally caused it. .


Adjustment can be seen as long-term costs to the historical area or long-term cost line pullback effect, and to these three.


Section lines to seek support long-term costs. .


Long-term cost line formation support area.


February 1, 2008 The Shanghai Composite Index fell to 4195 points by 92 points in May 1429, 93 years. .


February 1559 points in the two lines formed at the top of the long-term cost of line (currently located at 4150 point up or down).


Support, and contributed to more than a week after the rally. Meanwhile, the long-term cost line and the end of June 2005 no. .


998-07, rising to the top 6124 point increase in the wave 0. .382 Fibonacci (4165 times.


Points) relative to the intersection, we can see, the Shanghai index slid 0. .382-Fold increase to 4195 points by a double support. .


Struts. The line should be a multiple of important defensive object, once effective breaks may will be gradually to the next.


District to seek support long-term costs. .


The original channel in Vietnam is 94 1052 points in September, 97, 2000, 1510 points.


On at 14:00 on August 21st, 2245 points in June 2001 even as other top of the line is now about in the long-term costs. .


3500 points from top to bottom, but also with 998-6124 rise wave increases in Golden-0.5 x.


(3561 points) relative to the intersection; up Tongdaoxiagui the original 96 at 12:00 on January 5, 99 May. .


1047 points on the bottom into the long-term cost of line at present approximately 2600 points up and down, at which point to 998.


6124 point rise in golden waves increases 0. .618 Times the point in 2956, with the increase in fading channels. .


Track constantly move will be 0. .618 times golden section in the point above and below the formation of 3000 support area.


The Shanghai Composite Index above three long-term cost wire with golden bits combination will form the next intersection. .


The main support area stalls, in General, the long-term adjustment of the bull market is estimated at 92, 1429 points.


93 February 1559, the original point of connection or two up the top rail near the channel intersection with golden bits. .


Meeting of regional access to vital support. According to historical experience, the long-term adjustment of the limit as to increases in the fall.


0. .618-Fold compared with the original rose Tongdaoxiagui intersection area, such as the Ministry of the end of June 2005 is 998 points. .


Is dropped to 94/325 points to 01 June 2245 point increases in 0. .618 times (1058 points).


Before bottoming out, of course, started the past two years down the current bull cycle is still there that do not see that this can be. .


Of time to consider.


Turning point in the stock market 08 hours. .


According to the author of 37 weeks cycle series calculated following 2008 Shanghai and Shenzhen stock market turnaround time.


Segment (also relative to the intersection point with the solar term):. .


08, 28 January-1 February, 4 February, the "Spring" occur; 2.


13 -15 days for the "rain" Festival (February 19) before and after the time period; March 17 -21. .


February, and March 20, the "Twilight" interchange; 14 April-25 April and 20 April "grain rain".


Section relative to the intersection; May 19 -23 May, and May 21, "Little Fullness" solar terms relative to the intersection; June 23. .


May-27 May, and June 21, the "summer solstice" appears at the point of intersection of the basic phase; July 7-11.


And July 7, "Slight Heat" phase intersection; August 25 -29 May, also on Aug. 23, "Limit of Heat." .


Point in time the period of time before; October 20-24, 23 October, when the "Frost descent"; phase intersection point.


November 3 -7 day, and Nov. 7, "beginning of winter" phase intersection point; December 8 -12 days, and. .


December 7, the "snow" junction point phase; 09 March-16 may, and on January 5, "" slight cold.


Phase intersection point is also the January 20 "Big Chill" de facto before and after the time period. Over time. .


May form in Shanghai and Shenzhen stock markets staged a turn in the high point or low point.


The overall trend of 08 bound. .


Medium cycle, Shanghai and Shenzhen Stock Exchange 100% from 96 years since the formation of four top.


Department is located about 42 months or so bands cycle. The Shanghai Composite Index, respectively, of the 4 top 97. .


In 1510 points, November 2000, 2125 points, 04 April 1783, and 2007.


October 6124 coincides with the high point in April 2004 high of 1783 points 42 months apart, formed. .


And three at the top of the top level time cycle effects, this leads to 07 years of relatively large since October.


Level on the adjustment, especially January 22, 2008 The Shanghai Composite Index fell below the rising trend since 2007. .


Potential line so that the intermediate trend is established.


After 06, 07 years of sustained bull market, it is estimated the overall stock market in 2008 relative to the Shanghai and Shenzhen. .


Constrained, but the trend is repeatedly 07 year upward trend line is broken back into pressure.


2008 Shanghai and Shenzhen stock cabinets may be a larger fluctuation, or if this Lunar New Year 08 Earthly Branches "child..


Water "by day" e-soil "constraints feature. 08 may be concerned about whether it will form important before and after the transfer.


Fold effect, according to previous analysis, in November 2005, after turning 180 degrees to form Zhou, Zhou 210. .


Degree in 2008, 225 degrees zhoutian important split point appears in the 09 August, zhoutian.


240 degree split point important in November 2010. (And hearing Huang Zhihua). .


【 】 Following directory.


【A】 stock investment strategy. .


◆ The three major factors highlight the "l" in the spring of hope.


◆ "two market" worth the wait. .


◆ February institutions latest portfolio tracking.


◆ concerned about high oil prices benefit the sector and stocks. .


?? with strong cycle property industry or size of non-lifting of the ban has been the hardest hit.


◆ Huatai Securities: two plates of the recent attention. .


◆ The hold of qilu securities: avoiding cross-shareholdings amount more than one unit.


◆ Industrial Securities: defensive short-term investment strategy is still the first choice. .


?? Asian securities: concerned about the "Shanghai local unit" and related opportunities.


【Report】 focus. .


◆ Concern only performance is expected over 49 double unit.


◆ Nanjing Securities: Focus on High Bonus opportunities. .


◆ Through SEO value to look for hidden "company gaosongzhuan".


◆ High-dividend: "the sky did not fall out of a good thing." .


【 Sector, plate research report:.


◆ the financial industry: "Eleventh Five-Year" will be gradually raised to accelerate the pace of comprehensive management. .


◆ Guangxi plate: North Bay development topics investment opportunities in stocks.


◆ Agricultural Sector: speculation has entered into the high-risk areas. .


?? chemical industry: oil consumption tax adjustment on minimal impact Petroleum clubs.


◆ shipping industry: fuel oil consumption tax of full recovery is limited. .


◆ The tyre industry: American Arbitration does not have a significant impact on export.


◆ automobile industry: the WTO preliminary ruling on the cars and parts less affected. .


◆ The paper industry: has the white card paper, writing paper and coated paper.


◆ Electronic Information: "2007 economic operation of electronic information bulletin" comments. .


◆ Nonferrous industry: rise of the root cause lies in the season of Advent.


◆ banking: market expansion have downstream impact on valuation. .


◆ Banking: long-term growth motivation.


◆ Banking: credit lines exist "more than a short sky" effect. .


◆ Insurance: snowstorm less impact on performance.


◆ Insurance: Snowstorm brings accelerated development opportunities. .


【 】 On listed companies.


】 【SW. .


?? flat meitianan: theory of expected price of 60 Yuan.


◆ UF Software: Development of high-end customers has a strong strength. .


【 】 Gold company.


◆ Guangdong Provincial Expressway: two years, is immune to a big performance increase. .


◆ Shenzhen Expressway: long-term prospects can be pinned.


】 【CSC. .


◆ Windsurfing shares: directional add-issuance contribution to profit after until 2010.


◆ Gas: the acquisition of assets into a new growth point. .


◆ Han's laser: theoretical expected price $ 33.


】 【GF Securities. .


◆ Fujian cement: reasonable value for $ 11. .8.


◆ New Fung: the current stock price high. .


【 】 Dongwu securities.


◆ Xinjiang Zhonghe: competitive advantage and further enhanced. .


◆ Hualuheng l: coal industry has been formed.


【Company News】 (non-"Big Four" message to the "big four reported" date). .


◆ Nanning sugar: MCL is not the first time the "ceiling".


◆ Long Electrical: Milky Way once again "magic." .


◆ * ST sihuan: Department of finance consolidation Trac platform is expected to be shattered.


◆ Kudo: body enveloped much doubt. .


◆ Small Swan: final purchase price will be the key to success.


◆ Chinalco: Rio Tinto is the parent company acquired the behavior. .


?? Shanghai Pudong Development Bank: refinancing institutions operating enormous differences.


◆ Jinfeng Investment: selling shell or as the only way out. .


◆ * ST Huitong: may introduce other strategic investors.


◆ Nanjing Bank: Communication is about to change any executive. .


◆ Upregulation of Baosteel: steel prices in the second quarter.


◆ Construction: 51% to make a happy life stock ownership plan. .


◆ Beauty appliances: Group text inclusive has nothing to do with the acquisition of little Swan.


【Column】 Fund. .


◆ Bond mutual fund as "safe havens" fengji will continue the wonderful.


◆ gradually reduce the discount rate base closure trend rational allocation fund portfolio. .


◆ Rationally Fund Ratings.


◆ Huatai Securities: relatively low valuation of the fund safer. .


◆ Construction fund pools sidazhu line.


◆ ABN AMRO budget: a strong risk control balanced fund. .


【 】 Expo database.


◆ Restricted shares listed on stock reform Tips (02. .25-29). .


◆ Earnings forecast to increase stock list.


◆ Consolidated profit forecast lower stock list. .


?? integrated investment rating increase stock list.


Lowering the investment rating ◆ comprehensive list. .


?? Shanghai active unit (02/22).


◆ Shenzhen Huoyue Gu public information (February 22). .


◆ Deep City active warrants (02/22).


◆ Small plates Huoyue Gu public information (February 22). .


◆ 02 22 capital flows and hottest prospect.


◆ A shares of the week list of some of the main body movement (0218-22). .


◆ A week change unit in the comments.


【School】 investors. .


◆ Expert discovery investment disciplines.


◆ how to operate the ultra-short-term? . .


【 A share investment strategy.


Three factors highlight the Spring "l" hope. .


【 Expo financial reports for the last week A stock market trend, the industry believes there are three main.


Of the major factors, first, followed pressure from refinancing. Second, the performance of listed companies with high growth expectations are. .


Poor by market trends into account, particularly as embodied in the brokerage and cross-shareholdings of stocks. 3.


Is about the personal income tax changes on the form, including cash, in kind, securities. .


Other forms of economic interests. At the same time, the preliminary market hot stocks have entered the shocks last weekend..


Trends, thus making the lack of a strong A-share market led the species. .


Three major factors highlight the "l" in the spring of hope.


However, A-share market last week, there are two positive trends in the market is still faintly see the Spring "l" in Greek. .


Look, the Fund issued gradually into the peak period, in the month of February, the successive twelve new Fund grant.


Or have been released at the same time, there are six old fund into a sustained marketing phase, which is expected to give A the stock market. .


Field brings new incremental funds, even if each of the 50 billion share of fund raising and exclude part of the Fund.


Factor in bond speculation, then in February the new A-share market fund shares will add nearly a billion Pang. .


Large-scale funding. While the recent plunge of sustained quanzhonggu release risk valuation and refinancing of pressure.


, The valuation is relatively cheap, or will lead to the concern of these incremental funding, which implies the current decline. .


In spring sown "l" in the future. Second, the Agency funds tumble after fleeing quanzhonggu, are looking for.


The breakout direction and the implementation of the new investment strategy, that is, high growth, modest pressure in the refinancing. .


Small market value variety is expected to become the funds gathered from institutions funds, but also hope self.


Reduced capacity of the means of achieving the purpose of a surprise move. Meanwhile, further accelerate the trend appreciation of the renminbi's. .


Possibility, in the last week after reaching 7. .1452 historical high since, this will also build up in the spring of "l".


Quotes of the capital base. .


Attention to two types of units.


In practice, we recommend investors to pay close attention to two types of investment opportunities in individual stocks. .


First, the new shares, in a recent listing of the new shares, there are a lot of good quality, there is a performance continuously.


High growth momentum. The same time, market trend in the market, which coincided with the poor so as to after the listing. .


Secondary market trend to stay more imagination. Three whole foods, macro daxincai, Dali technology products.


Species it is. The China Coal Energy, Knopp believe China has a similar feature sharp steel can buy low, sell hold. .


Second, the industry is faced with positive changes in stocks, mainly in the iron and steel shares, non-ferrous metals, mainly varieties.


Steel stocks were also in Going the price of steel, have been able to offset the upward pressure on iron ore, it is suggested. .


Investors may lower suction holder chenzhou mining, Chengde, vanadium and titanium. In addition, polysilicon business of Sichuan.


Investment and energy, Granville and other varieties can also buy low, sell shares held, especially in Sichuan polysilicon business and investment of energy. .


Hydropower and future further assets into expected to push up the company's stock price. (Bohai investment qinhong).


TOP ↑. .


"Quotes" worth looking forward to.


Financial Report】 【Expo CITIC Securities chief strategist Cheng Weiqing that the market has three. .


A big problem remained unresolved: the macro-control policy particularly tight monetary policy will change.


Of; followed by snow on the performance of listed companies have little impact; Finally, in March, "the size of non-" solution. .


No rush to market pressure.


Agricultural sector, venture capital sector, chemical sector highlights the market again last week, two approaches. .


Analysts believe that benefit from the policy of agriculture, medicine, snow after reconstruction plate, there will be good.


The market appears, but the agricultural sector is expected to be highlights of the highlights. Wind statistics, agricultural means. .


Number since the beginning of this year, up more than 30%, while compared to the Shanghai composite index has decreased by 17%, that is, the agricultural products.


Commodity index excess return relative to the broader market's 50%. Agricultural sector, "arrogant" and a reason. .


Affected by the great support of national policy. Not long ago published 2008 Central "1," is the reform and opening up.


Been on the "three rural" issue the tenth "No.1 Document", and this year's "two sessions" held around the corner, every year. .


The two sessions, agriculture is one of the topics of concern, relevant supporting policies, the expected strong. Real.


Internationally, medicine, new energy, with the "two sessions" health care reform, energy conservation issues closely related to the plate. .


May usher in "quotes". Recently, the CICC research report pointed out that the health reform bill will be.


Two sessions before and after the introduction of the high valuation of the stock medicine to establish the context of health reform in the great development of industry and non-periodic. .


Stable growth expected in the "health reform programme to discuss implementation" of the event, not drained.


In addition to short-term will appear in the entire pharmaceutical sector higher valuation premium. China Merchants Securities analyst NANJING RADIO AND TELEVISION more. .


It is believed that the new reform programme to be implemented, the pharmaceutical industry will enter a gold investment this year.


Funding period. From a market perspective, Zhejiang Pharmaceutical, Southwest Synthetic, pharmaceutical and other medical benefits Bai fully passed the entire stock. .


Ricoh has revealed on attack patterns in both before and during a market.


By this idea, post-disaster reconstruction, including such power grids, railways and other infrastructure, 3G. .


Network construction, may also be factors in the policy, be catalyzed by the mainstream funds to allege. From the big ring.


Environment, the policy began to frequent blowing warm air layer, but also create the conditions for the local market. However, the day care congenial. .


Senior policy analyst, Chow-Yin Ying remind investors that operate on their own judgment to varieties of the general trend clearly.


Wake up, such as operations on the current agricultural sector, more concepts and opportunities in the mining, now. .


About value investing. Chengwei Khanh believes that investors should control the position, the current situation.


Not filled positions. In addition, should not chase sell, or the larger species of short-term should just leave, copy. .


Bottom should be short-term fast forward faster, it is necessary to adhere to in 2008. (Huaxia times you strong) TOP ↑.


February agencies to track the latest portfolio. .


【 Expo financial reports huntoon photoelectric (600487): last week's highest rise 10. .44 per cent. Fibre.


Variety of fiber optic cable industry growth, restructuring and other information as carriers gradually clear, rose to emerge. .


Analysis of the trend from last week, on Monday to open up, jump out the share price recovered early adjustment of the landless, strong forms.


Did not change because of the shock on Friday, investors continue to have concerns, do not hurry to end. .


CNOOC clothing (601808): last week's highest rise rising .37 percent. 13. In the more violent city.


Fluctuations in the market are not affected, the trend of independence, the share price steadily upward. As crude oil prices. .


The most direct beneficiaries, in international oil prices climb more mark, performance natural limelight. The unit.


Fundamentals and reliable performance and reasonable price, can hold. .


Shanxi coking (600740): last week's highest rise 4. .98%. 10 sent out 10 distribution scheme.


Furnace, causing the 5 trading days before the holiday after the holiday 20% gain. Inertia on the red early last week, a record 29. .75. .


Yuan, profit up in the end, under the pressure of a correction in the stock price. Of foodstuffs and on Friday.


Show a downward adjustment, the share price back to 20-day moving average near, not to consider covering. .


China Ocean (601919): last week, the highest rise rising 5. .89 per cent. On Monday the rebound-41. .5.


Element, the face of strong pressure of 60-day moving average. Meanwhile, market volatility, regulatory requirements increase. .


Result in decreased. From a technical analysis of the unit in the vicinity of 20 daily line will be run repeatedly entangled.


But failed to profit out of the investors do not recommend the payment under the current price. .


Kehua bio (002022): the highest gains last week rose 4. .95 per cent. Company fundamentals is better.


Growth is strong, the whole is a good variety. Pattern of stable operation last week, was a Friday. .


Yin line break, line 20 day synchronization. Intervention funds aimed at the long-term, it is recommended that investors can wait.


Better profit opportunity. .


China Construction Bank (601939): last week's highest rise 2. .32 per cent. Secondary-listed companies in the financial industry.


Market in a haze on the occasion, the stock has been hit hard running. Early last week was a rebound to 8. .4 Yuan in the vicinity. .


But then quickly go soft focus further down the share price. In view of the trend of the weak, unless, in the middle.


Short-term investors to lighten up a rebound to above 8 per operation. (Today Morning Post, Wang Yan) TOP ↑. .


Attention, benefit from the high oil prices and stocks of the plate.


Financial Report】 【Expo has international crude oil futures price for a barrel $ 100, Sarkozy. .


Robust Securities Institute analysts noted that in international oil prices substantially higher oil prices, the domestic context.


Increase imperative. In this trend, the stock market and related to the listed companies in China will have a greater impact. .


Loud, some companies may benefit from it, some of which may be so impaired.


First to benefit from rising oil prices for the coal sector, relative to new energy sources as coal is to mature. .


Energy, production, large-scale transport, coal prices rise as oil, coal.


Oil has become the best alternative. One especially large capacity, close to the economically developed areas. .


State-of-the-art production equipment and technology is expected to benefit the company. Including China Shenhua (601088), Xishan.


Coal (000983), Shanxi Coking (600740), ING Group. Qilu Securities Investment Strategy points. .


On a pair of normal, believes that as long as the hardness of the high oil price on macro-economic impact at the appropriate scope, no..


As the national economic growth back, as alternatives to oil will indirectly benefit the coal industry. Construction. .


Proposed concern Xishan coal and Yanzhou coal mining (600188). High oil prices bring cost pressures in petrochemical industry.


On the coal chemical industry, calcium carbide to form the chemical industry positive, coal and calcium carbide as raw materials of the chemical industry will be. .


. Coal as raw materials in the coal chemical industry enterprises in relation to the petroleum and natural gas as raw materials in..


Industrial enterprises, with a large cost advantage, such as coal tar, ammonia, methanol, etc., along with their products. .


Oil prices raise but for the price. In particular, the production of PVC, PTA, MDI, etc..


Supply gap existing companies, price adjustment capability, it is worthy of attention. Therefore recommended that attention Shanxi III. .


Dimensions (000755), yunwei co. (600725).


In addition, Zhang Lei that rising oil prices for the new energy sector is a big plus. In the traditional energy sources. .


Continued to rise, many companies invest towards new development and production of energy, which it. ..


Including solar, wind, ethanol, gasoline, hydrogen energy, geothermal energy. Some of these companies have been great. .


Scale of production, some still in the research and development or in production stage. Have the ability to mass production of new energy.


Listed companies in the current round of rising oil prices are expected to directly benefit the cycle. This includes Tianwei change. .


(600550), A small swans (000418), etc. Of course, investors should note that only new energy.


Concept and the expected source stock, careful risk of failure of their projects. (First Financial Cai Zhen Yan). .


【 News 】 joint Exposition financial securities according to the report, enter 2008, size reduction of non-shareholders.


Behavior become very frequent. Statistics show that: in January 2008 there were 84 listed companies released. .


117 times reduction announcement, the cumulative reduction of the share in January all lifting of non-circulation unit.


24. .79%; Much higher than the 2007 year 7. .50% Level, reducing the intensity was increased. .


A private fund managers believe that strong cycle property securities, non-ferrous metals industries may become large.


Hardest hit by the small non-lifting of the ban. Because the performance of related industries affected by the volatile period, if the King. .


Gas cycle does not throw a stock, Inflexion point once formed, the trend in stock prices would be like a roller coaster. But countries.


Senior Fellow Thai Static Junan Securities believes that the reduction of high pressure cycle of the industry will focus on Africa. .


The controlling shareholders or financial investment, not only exist in the securities industry, from all walks of life can be.


To appear. The current stock at a high level, if funds or financial investors need feel has reached since. .


Own investment, is likely to be taken out of circulation, reducing equity funds. A securities company self-employed person table.


Said, "Now the market valuations are still high, rationally speaking, the larger impulse to cash in private enterprises." No. .


Before, from suning appliance (002024), Han's laser (002028), weixing co. (0003), etc..


See a number of high-quality private enterprises, after the public offering and refinancing, most of the major shareholder's ownership percentage. .


Less than 33%, reduction, control position untenable. If A stock is really into the whole.


Circulation time, competitors will inevitably occur in the secondary market on the hostile takeover of the event. Yi Fang. .


As the Assistant of the President of the Fund is of the view that, although many xiaojian corporate earnings growth is very high, but still there are guaranteed.


Cards, large holdings of major shareholders will not be normal behavior. Unless the shareholder is no longer optimistic about the future development of the company. .


Exhibition.


CICC, according to statistics, in 2008 the company sold shares to selling as many as 1,200 or more. .


All the required funds to sell shares for more than 3 billion total. A private equity Manager believes that, from the industry.


Securities, nonferrous metals, banking and other holdings of the greatest pressure cyclical industry, the state's absolute control of the 7 industries -. .


Military, electric power, petroleum, coal, petrochemical industry, telecommunications, civil aviation, shipping minimum pressure reduction.


Position from the equity perspective, the controlling shareholder of the reduction of pressure is small, the financial investor's holdings may be large; and from. .


Owner of the property, the State-owned holding company holding pressure is small, the reduction of pressure-state-owned enterprises. (21.


Century) TOP ↑. .


Huatai securities: two plates of current interest.


Share of agricultural commodities bull market shares feast. .


【 Expo reports due since the last 30 years in reducing global arable land, food inventory.


Has reached its lowest point since 1972, according to the current low inventory and reduction of arable land situation. .


Agricultural commodity prices will continue to be soaring. Rogers also maintained that when stock prices go low, commodity prices.


Grid will be higher. And agriculture, water treatment, environmental protection, transportation, tourism and other fields will break the "recession roof". .


Once again, brought about by economic prosperity, this is in recession and progress of the industry. " China is now also in..


Above there is a huge area of investment opportunities. But after many agricultural stocks after early sensation in short-term adjustment. .


Pressure increases. Choose from industry concentration higher advantage segmented industry, choose from the industry chain.


Is the dominant agricultural sector investment in the company of the Road. Proposes a focus on Granville shares in the grazing stock. .


Copies, etc..


Consumer plate - stock investment haven. .


As the economy continued prosperity, stability and growth in income, consumption will continue to be in 2008.


The main stabilizer of economic growth, 06 years, alcohol, business and consumer services stocks such as one. .


Straight to the Fund, and many other institutions, concern consumer stocks, can fully share in the Chinese economy is high.


Rapid growth of huge gains, Suning Appliance, Gree Electric Appliances, Luzhou, Shuijingfang, ambitious. .


High-tech, Canada and China, consumer industry quality stocks are worth focusing. (Huatai.


Securities Hao Guomei) TOP ↑. .


Qilu securities: temporarily avoiding cross-shareholdings amount more than one unit.


Financial Report】 【Expo from November 2007, after peaking in mid-market, the market continued to decline, it is. .


Seldom stocks, in such circumstances, previously been greatly hyped concept of cross-shareholdings, the plates.


Held due to lower stock prices and makes the stock of financial assets has shrunk dramatically, as if the listed company. .


Transactions in financial assets measurement, to affect the company's profits.


The following table shows the number of shares held by other companies, more listed companies, can be seen in. .


Recent market weakening, the company's stock market value has shrunk considerably, due to some public listing.


Secretary for the amount of investment is very large, so the amount of the loss of its market value is also very alarming. Such as from 07 12. .


28-08, 15 February, the China life holding stock market value losses as high as $ 148 billion, China.


Ping An, China Construction Bank lost over 40 billion. Shares once the star of glory, such as Youngor, Asia. .


Tai group, lansheng co., two needles and other stock holding more CITIC Securities, haitong securities,.


Northeast Securities and other shares, and subject to substantial speculation, but now the market value of losses in a short period of 10 days. .


Billion. This loss is even more than the company's total revenue.


Current market conditions do not have the strong side, still in shock consolidation of state, non-exclusive. .


In addition there is the possibility of exploring the bottom again, particularly financial real estate shares, abandoned by institutions,.


May be difficult to have good short-term performance, so the concept of cross-holdings when the stock investor needs. .


Heart risk, which requires careful study of these stock main profit is relatively good, or even necessary.


To avoid this section of the stock markets rebound after the intervention. (Qilu Securities) TOP ↑. .


Societe Generale securities: defensive investment strategy is still the preferred term.


Financial Report】 【Expo Industrial Securities, said Zhang Yidong, researcher, there is a great short-term environment. .


Uncertainty, turbulence continues. First of all, the diminutive, monetary policy is still waiting for the two sessions.


Before and after the government's stance. January PPI, CPI figures were the highest since January 2005 and 96 years 10. .


A new high, since, in the face of high inflation data, it is difficult to give up the Bank to continue implementing monetary policy in tight.


Prevent full inflation. Second, capital supply and demand pressures remain. The next two weeks there is still 4000. .


Billion in market value, including limited pay, including CSI 300 index fourth quanzhonggu China Merchants Bank.


A large number of "small non-" lifting of the ban, lifted the market value of 778 billion yuan, equivalent to the current market capitalization of 33%. First. .


Wed, March 5, green shareholders Assembly will consider refinancing options. Super billion refinancing scale on the market.


Funds face pressure to re-appear, and may again lead the market for state-owned large-scale refinancing. .


Worries. Shanghai Pudong Development Bank refinancing rumors of 400 billion to fallen rapidly after the opening, the market.


On refinancing fears. These uncertainties are made outside the capital remain cautious. For the response. .


Current full of uncertainties, it is recommended that A stock market investors to further positive signals appeared before.


To maintain defensive positions. Full of uncertainty, the case of fragile market confidence, certainty should be into. .


To select the key investments.


Trends identified thematic investment. .


A class is determined by the policy trends. March, held two conferences and the Taiwan "election" in two important political.


Governance events that have made the theme in line with policy direction of investment will be more attention. For example, the "medical reform." .


The medical unit of the sustainable growth opportunities, the gem of the TMT industry opportunities, big agriculture.


Related industries, cross-strait "three links" to benefit shares, post-disaster reconstruction. The other is inherent in major events. .


Investment opportunities, including the defense of "inflation"-related consumer unit, Olympic stocks, etc..


Growth opportunities to determine the stocks experiencing a rebound. .


Large blue-chip on the market of mass attack is economic, financial and other aspects of the grave uncertainty.


System. However, long-term growth companies based on investment value has emerged, the shares could fall out of focus. .


To opportunities. To the analyst consensus estimate of annual earnings 07 and 08 performance rate, trust,.


Banks, ferrous metals, real estate, chemicals, non-auto delivery equipment, paper, machinery, shipping,. .


Aviation, airports, building materials, information, equipment, catering, tourism and other industries relative to its growth has.


Valuation of certain advantages and can long-term bargain hunters. (GJB) TOP ↑. .


Eastern securities: concerned about the "Shanghai local unit" and related opportunities.


Financial Report】 【Expo Orient Securities said that Shanghai is expected regarding the construction of Disneyland project. .


Breakthrough, the address is Shanghai Pudong chuansha. Disneyland-building on relevant public listing.


Secretary of the larger, but its meaning more than that, concerned about the "Shanghai local stocks," the theme of investment opportunities. .


Shanghai Industrial massive consolidation criteria are so mature, new Shanghai Government officials in place and recent product.


Become a very policy-oriented catalyst to start the plate. From Shanghai in the history of the local shares many tables. .


Now, the policy supports the integration of leading companies expected, or large projects are kindled the plate.


Expand the market of the fuse. .


It covers key investment themes are divided into: first, the "hidden assets"-listed companies. Has a great deal.


Reserve land resources, the full enjoyment of revaluation surplus of assets of listed companies will be worth the attention of the "hidden information..


"Listed, such as the Lujiazui, Pudong Jinqiao, etc. The second is the impact of major events. Major cities.


Construction, such as the World Expo venues, Disneyland construction, the provision of related facilities listed companies. .


You can get a lot of potential gains. Such as construction, Pudong, Shanghai Jielong industry, etc. The third is the true operating performance.


The return of listed companies. In the new institutional arrangements and the role of integration of assets, the Shanghai state-owned enterprises operating in water. .


Flat will have a larger space, corporations can fully reflect its inherent resources.


Potential, such as Brilliance shares, the New World and so on. Fourth, industry consolidation and capital operation platform. The number of Shanghai. .


To build the future of large public companies become important state capital group operating platforms, such as group, 1982.


Shanghai Pudong Development Bank. (GJB) TOP ↑. .


The annual report focused ????.


Noteworthy 49-year performance is expected to double shares. .


【 Expo financial reports according to recently receive up-to-date data and statistics, 120 21 firms.


Fellow of the estimated 250 annual reports published in the March performance of listed companies had predicted 204. .


Company's forecast of earnings per share a year earlier, representing experiencing growth forecast of the number of samples.


81. .6%%, Only 46 listed companies, negative growth in earnings per share forecast. .


It's important to note that these researchers forecast data security companies shows that Super electric, East.


Northern Securities, the Central Plains 49 companies and environmental protection than the 06 year earnings per share growth of 100% or more; them. .


Super electric with 5800% growth rate projected performance. Shanxi, China glass fiber and 3D.


49 companies such as China Merchants Bank forecast earnings per share growth of 50% or more. The forecast earnings per share level. .


Mean value in the $ 2 or more blue-chip companies have 6 family, namely the Chinese ship, Jean nickel industry, Guangzhou.


International, CITIC Securities, Shanghai Electric, China Ping An, one of China's forecast earnings per share of the ship. .


6. $ .56, becoming the current performance prediction of James King worthy of the investors concerned. (E) TOP.


Nanjing Securities: Focus on High Bonus opportunities. .


【 Expo financial reports gaosongzhuan class units became sought after recent market competition, the object.


Goldwind recent trend is very strong, a high turn sent the benchmark of stocks. Therefore, we can see. .


The theme is often become gaosongzhuan stock price "catalyst". In the blue chip performance, agriculture, etc..


Pharmaceutical sector have also enthusiastically participated in the God of the circumstances, the adjustment of city, you can continue to focus on those there. .


Potential gaosongzhuan possible transactions with listed companies the opportunity.


In general, blue chip varieties than the broader market, small cap stocks in the small capital, growth is more sudden. .


Out, the more intense gaosongzhuan expected. Therefore, small and medium-sized enterprise market statistics Q3 earnings per share in the capital.


The fund at 4 yuan, more than 2 yuan per share, undistributed profits of the stock, as shown:. .


More than one unit of the common equity of smaller, stock prices higher, and undistributed profits and capital reserve.


Abundant, with great High Bonus possible. .


In addition, the new unit in the absence of historical burden, in order to get larger and stronger than the old, often with stock.


More high-Song Pei impulse, therefore, statistics of the quarterly per share three small plates in the capital fund in the 3. .


$ Above, per-share earnings more than $ 1 a share, in addition to the list of tianma co., Shiji letter.


Information, the group technology shares and Shenzhen Hui Rong Cheng letter, you can also focus on the following stocks. .


Of course, these stocks have risen in some units have excessive precaution after the publication of its annual report in..


"Jianguang Si" phenomenon, but the broader market is still in adjustment, with the continuous disclosure of annual reports, high. .


Take the opportunity to go still greater than the risks. (Nanjing) TOP ↑.


Additional price of the company from the break to find hidden "High Bonus." .


【 News 】 Expo financial market in the hot fried gaosongzhuan stocks at the same time, this year, the annual "high rushed.


Turn "the company also showed differentiation pattern. A considerable portion of the company announced plans for" Jianguang Si. "In this regard, nearly..


Day--particularly rational treatment gaosongzhuan reminded investors. Faced with the temptation and depression gaosongzhuan.


Well, investors how to take? Which companies may also be sent to turn the safety of high potential species? . .


Chase securities analysts pay xiukun believes that "07-year break, not only to participate in the subscription.


Small investors and institutional investors with paper losses, but also cause no additional follow-up of listed companies. .


Cheers. In particular, some took the directional add-issuance of listed companies, private placement of restricted period.


At 12 months or more, which makes participation of institutional investors to subscribe in an awkward situation. In order to disguise. .


Compensate for institutional investors, the break is likely the company annual report launch of large scale delivery unit. "..


In this statement, published annual reports of listed companies seem to make a confirmed distribution plan. Statistics show that. .


Fell below or near the issuance price of listed companies, cloud aluminum co., Nelson co., State power,.


Sounds of Heaven Holdings, Hong Mei medicine, announced the new lake in the Po and other "High Bonus." .


The public securities for the data center to the latest statistics show that at present, two additional listing in 07 years public.


A total of 13 below the Secretary for additional price, while three fell below the company plans not yet implemented additional price. Down. .


Rupture of the additional price of 13 companies, Zhenhua discount by more than 37%, wantong real estate, Nelson.


Shares, Vanke other four companies by more than 20% discount. In addition, the Suzhou High-tech, Yichenggufen. .


Zhejiang Oriental Pearl and Astronautics Longsheng, morning, septwolves, Yatai group, new zhongbao, huaye..


Production, GD additional value from the current stock price is less than 10%. With additional interest, the company has not yet implemented. .


Currently Changchun East, the great wall, deeper development 3 has Preplan the issuance price fell. Leading technology,.


Central shares, Yingkou Port, Yuanshuigufen plans additional price from less than 10%. (Public security) TOP ↑. .


High dividend: "the sky is not the good pie."


As financial reports】 【Expo last week, has released the 100 companies in 07 annual accumulated. .


Net profit 193. .88 billion yuan, an increase of approximately 90%. Although it's just released the annual report, spearheads.


But still deeply felt in the joy of harvest. The face of abundant harvest, the listed companies naturally. .


Willing to throw of hard cash dividends to shareholders.


Published annual reports of 100 companies, most have sent the current proposal, of which 23 companies. .


Proposed send stocks or funds to increase the share capital of the company accounted for 23% of the total, 34 km.


Secretary's decision to send the dividend is, in which 23 companies in the 0 per share dividend. .1 Yuan. The public. .


Of the bonus programme, the large proportion sent shares a lot with seven companies send-to-equity ratio reached 10 sent.


10, including some dishes have been relatively large companies. If the total share capital of GD in Shanghai now. .


In the row to 55, 27 million shares of total share capital already not too small, it still made 10 shares may be converted into 10.


Stock distribution program. Dividend represents the company's high profits, the practice of the international market is also true in the. .


Generous bonus listed companies launched a project, often many times the value of the year-on-year growth. If the Bank.


07 year bonus plan may be 10 to send 4 or 5, the bank expects a net profit over the previous 07. .


110% annual growth, 06 net profit of 71 million Yuan RMB. .08, earnings per share of $ 0. .48.


But the bank 07 years ago, three quarters of net profit of 99. .7 Billion, representing an increase of 128%. To the cast. .


Out of the bonus scheme is not difficult to understand.


Such a high dividend bonus issue, the shock back and forth in today's market to investors who are suffering. .


That of course is a "sweet as honey". Not only is the "pie in the sky of a good thing" in. ..


Investors waiting for listed companies with high dividends on the occasion, hidden behind the high dividend "refinancing" is opened. .


The prologue. This year's annual report in the refinancing of companies in many programmes, in particular, high dividends.


Is often either the re-financing, refinancing or just the implementation of the program. If 10 shares sent. .


10 unit programme poly real estate, 07 August just implemented SEO, the same 10 unit sent 10 shares.


Huafa allotment is ready. Hong Mei Pharmaceutical-scale plan to issue 900 million yuan of convertible bonds; Fujian high-speed standard. .


Preparation of public issuance of not more than 3 billion shares, .5. raise 25 million; Aetna group also prepared in 08 years pass.


Through placement of shares to raise 1.8 billion. .


In January 2008, has been listed on the financing of the statistics is expected to amount to nearly 2600 billion last year.


Financing combined. High finance of listed companies is in sharp contrast, has 202 listed. .


Company in the previous unit into programmes on 2007 dividend payment commitments, industry insiders predict that.


City, the total size of the company's annual dividend is expected to more than 50 billion yuan. Merely from the data, the stock market last year. .


The biggest beneficiaries are not listed on the stock, but instead. High feed unit, high dividends, such "look.


Beautiful, "the good is only one strategy to deal with investors, as long as the listed companies with high dividends, if the..


Bonus is beginning to refinancing, 36 meter walk to "on". (Stock daily Yuan RMB to the South) TOP ↑.


【Agency industry, sector studies】. .


Financial industry: "11th five-year integrated management" will gradually speed up the pace.


Financial Report】 【Expo recently, by the central bank, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance. .


The warden, a line of three will jointly draw up and, after approval of the financial sector development and reform ".


Five-Year "Plan" (hereinafter referred to as "planning") announced that illustrate the "Eleventh Five-Year" period (06-2010..


Years) the reform of the financial industry development of guiding principles and main objectives, a clear focus for the financial industry.


The medium-term development of financial sector reform program described the next five years of financial industry development goals. .


Mainly on the industrial development policy summary and conclusion, continuation of the policy direction to. From gold.


Financial industry as a whole look, the pace will gradually accelerate the comprehensive management. For mixed operation, the performance of the regulators. .


A more positive attitude. The plans made clear to "steadily banking pilot,.


Encourage financial institutions through the establishment of financial holding companies, cross-selling, and other forms of mutual agency. .


Development of cross-market and cross-sector and cross-product of financial services, consolidated operating synergy advantages ... ".


In addition, regulatory regime, the "plan" also shows that to "straighten out the banking, securities, funds, trusts,..


Insurance and other financial business of the legal boundaries, and strengthen the business in accordance with the financial products and properties implemented..


Can control. ".


Banking: a wave of commercial listing does not terminate.


1, deepening the reform of commercial banks, and promote reform of policy banks. Commercial banks will be further. .


Further, the plan clearly accelerating agricultural reform on the market, promoting the transformation of commercial restructuring.


Commercial principles and to implement national development bank reform. In addition to the city commercial recombinant mutant regulators. .


Creation of a positive attitude also heralds a wave of commercial listing will not be terminated, and the merger between urban commercial banks.


Regulators, the acquisition may be granted more support. .


2. promoting market-oriented reforms. The plans to gradually dismantle Shanghai interbank.


Release rate (Shibor) and short-term bond yields and long-term training for our financial market benchmarks. .


Interest rate, dredging money market, bond market and credit market interest rate transmission channels, building a complete.


Financial market yield curve, deposit and lending rates steady progress in the market. Promote financial sector further. .


Perfect pricing mechanisms, improving pricing capabilities. Pursue a financial reform of the long-term development of the party.


To, but the process is gradual. Overseas experience shows that the implementation process of marketization of interest rates generally long. .


More than ten years, radical "shock-like" therapy on the financial system as well as the overall national economic harm is very large.


3, the stock issuance system, deepen the reform of the market is conducive to stability in the interbank market. The policy. .


Guidance has been reflected in the near future, the issuance of new shares issued to be computerized, securities funds knot.


The bank will be expanded to two or three dozen. This will effectively alleviate the large-scale capital during the IPO. .


Die interbank flow, thereby reducing Bank interbank market interest rate fluctuations, in favour of the control.


Financial risks. Joint-stock banks and city commercial borrowing about to benefit from such funds. .


4. off-balance-sheet business development at the beginning of the new path. The plans proposed for the first time to "study for the loan.


Models and enterprise (company) debt-based credit derivatives. "Strict regulation in the context of the credit..


Introduction to bank loans for credit derivatives will make banks can keep fit from selective.


Risk preference loan itself will be suitable for other loans sold to investors, but also for stability. .


Spreads in favour of the Bank's business development.


Insurance industry: planning no new direction and ideas. .


Insurance, the plan did not propose new directions and ideas. The main question in planning.


And insurance development as follows:. .


1. the establishment of a modern insurance Enterprise System. Consolidate listing the results of the reform of insurance enterprises. Farther forward.


China Reinsurance, China Pacific Insurance, China Export & Credit Insurance Corporation and other insurance enterprises. .


Actively introducing foreign strategic investors in the territory of the State-owned, private and foreign funds complement each other.


Pluralistic system of competing insurance companies. Encourage the development of pension, health, liability and other types of professional insurance. .


The company. Expand insurance coverage to asset management, asset management companies.


2, to develop the insurance market. To develop security products, steady development of investment products. .


Explore the development of derivative products. Focus on the development of agricultural insurance, liability insurance and business insurance, finished.


Good compulsory liability insurance system, insurance organizations explore new rural cooperative medical system in an effective party. .


Type. Develop high-tech, project financing, consumer credit, export credit and goods transport, etc..


Property insurance business, explore the establishment of national policies to support catastrophe insurance system. Develop and standardize all. .


Insurance intermediary services.


The securities industry: the main content as expected. .


The plans relating to the main content of the securities industry in anticipation of, primarily, on the capital market.


Securities industry development policy and summarized. "Planning" involved in the capital markets, securities industry owners. .


To have the following elements:.


1, Specification for the securities and futures business institutions and innovative development. Full implementation of the securities and futures business machine. .


The basic structure and standardized operation system. Support compliance Corporation through a variety of ways to replenish their capital to support.


Securities company under the premise of risk control, to explore new profit model. Supervision in accordance with the principles of classification. .


Boost securities, futures industry intensive development, scale, and operating characteristics of the different securities.


Futures operators system. .


2. development of bond markets, particularly in the enterprise (company) bond market. Establishing a sound market.


Into bond-oriented mechanism, and gradually create the conditions for eventual registration system issued. To break all kinds. .


Qualified institutional investors to invest in bonds. Development of enterprise (company), the development of the bond market.


Mortgage securities, project-backed securities and other assets of the securitization market, explore the development of government guidance and the City. .


The combination of field machinery municipal project revenue bonds. Construction of the inter-bank market and stock exchange market mutual compensation.


Sufficient, safe, efficient, interconnected bond markets. Improve the different between the securities registration and settlement agency. .


Go to expand managed efficiency across the bond market, bond market varieties of interconnection.


3, the steady development of the stock market. Consolidation and development of the share reform of listed companies results continue. .


Deepening of the issuance system and market reform. Further development of the motherboard market. Explore the development of invasive.


GEM market, OTC market building, and gradually form the organic links between the various levels of the stock market, market. .


Field system. To accelerate the development of the venture capital business management procedures supporting policy and actively.


Steadily expand industrial investment fund pilot projects to promote innovative country. .


4. develop the financial derivatives markets. Follow the easier, the principles of risk control, and gradually built.


Market position both inside and outside the market of financial derivatives market. Development of interest rate swaps and other derivative securities. .


Hygiene products, warrants, futures, stocks, derivatives, loans for research and enterprises.


Industry (company) debt-based credit derivatives. Development of gold futures. Strengthen the derivatives market. .


Of risk management. (CICC) TOP ↑.


Guangxi Plate: North Bay Development Theme investment opportunities in individual stocks. .


【 Expo financial reports of Guangxi Zhuang Autonomous Region Government Chairman Mabiao 21 February announcement,.


"Gulf Economic Zone Development Plan" has been formally approved by the State Council. Analysts. .


View, this indicates that China's highest decision-making body of another place you're completely new layout of the official settles, the economy.


Round development of China's coastal economic chain which arc better. .


Gulf economic zone.


Gulf Economic Zone is the only western coastal areas. In the China - ASEAN free trade area, pan. .


Beibu district, in the greater Mekong sub-region, the more the "two in one", Gallery of the Pan-Pearl River Delta economic zone,.


Six southwestern provinces (autonomous regions and municipalities) and other regional cooperation, collaboration and meeting point along the coast of China and ASEAN. .


Land-based communication hub, is to promote overall cooperation between China and ASEAN's important bridges and base.


Gulf Economic Zone in the functional orientation is based on North Bay, the service "Three South" (Southwest, South..


And East South Central and Western), communication, and facing the South-East Asia, give full play to connect more important channel, region.


Exchanges and cooperation platform for the bridge to open to cooperation for development and construction efforts to build China - ASEAN. .


Open cooperation logistics base, business base, processing and manufacturing base and the Clearinghouse, a belt.


Action, support the western development strategy for the Highlands and open high radiation power, economic prosperity and social. .


Harmony, ecological soundness of important international regional economic cooperation in the area. In order to achieve the function of Guangxi North.


Gulf economic zone development strategy set out six priorities: improve land development, the formation of open space cooperation. .


Among the advantages; perfect industrial layout, forming open cooperation industrial advantage; enhancing international channel capacity.


Cooperation in building an open support system; deepen the domestic and international cooperation, expand cooperation in the new open space;. .


Strengthening community-building, creating a harmonious environment of open cooperation; to promote reform, innovation and open cooperation.


Institutional mechanisms. .


The "North" can become the new hot spots?.


To A-share market history, the early mainstream regional development funds do affect the nerves, with the. .


The evolution of the market, the regional development of focus though, from time to time, but it is difficult to be on the market.


The sustainability of the investment themes, such as the theme Northeast, Midwest development topics, the Bohai Sea economic zone. .


Themes, Sichuan and Chongqing economic area, subject, etc..


This is so, there are two main factors: First, changes in market investment philosophy, the current separate ways. .


Capital investment topic acceptance key factor is that performance can quickly boost. But in the near future.


Theme of regional investment and related areas listed company did not arise because of the overall regional development. .


Rapid growth, so the mainstream funds do not wish to intervene made the lack of funds for regional development topics, etc..


The concern of funding agencies, the stock had an outstanding performance is naturally difficult. Second, the regional development of investment themes with the mainstream. .


Capital investment approach does not fit. Current mainstream capital stock ideas focus on the growth performance of the industry.


Prospects, and regional development is related to several industries, a number of areas, which appears in the mainstream funds, rather. .


"Eyebrows, try" feeling, naturally aroused the interest of mainstream funds.


But this does not mean that the regional development for the A-share market will provide new investment opportunities, because the region. .


Development often focused direction and focus direction often implies industry consolidation, industry policy support, etc..


Lot of good, which is expected to have a certain investment opportunities. Therefore, the theme for the development of the northern Gulf. .


Said that, although the Guangxi plate may be difficult to evolve into sustainability hotspot, but you cannot deny the Beibu Gulf drive.


Focus or direction issued stocks and create new investment opportunities. In other words, the North Bay development topics. .


Investment opportunities mainly in the stock and not to the entire investment themes or entire Guangxi plate. Future of the North.


Gulf economic zone development strategy set out six priorities, so for investors looking to the northern Gulf region. .


Development of investment themes of investment opportunities provides roadmap: North Bay regional development focus, direction.


North of the harbor may be integrated platform, integrating the northern Gulf ports, but also the future of the North Bay economy. .


Area of development will contribute to the development of the logistics business, local transportation industry have a leading role in the same.


, The local iron and steel enterprises are also expected to usher in major development. (Bohai Investment Qinhong) TOP ↑. .


Agriculture: speculation in high risk areas.


Financial Report】 【Expo intensive agriculture stocks have cap, lower plate, is currently being realized prices. .


"Inflation". This year the market fell by nearly 14%, but the agriculture sector, despite a rise in the hyper-recurs.


Than 50% or even 100% of the stocks. However, the Great Leap Forward in the company's share price, while analysts. .


Considers that it is difficult to support the agriculture sector performance, high price speculation on agricultural stocks were in high risk areas.


Pull the eye into the hot recent performance. .


The lezhongye, for example, the unit since the beginning of this year reached 74% increase, with the seed companies.


Dunhuang Seed it reached 122% increase over the same period. If the plate like high-priced stocks is seen as the plate. .


Benchmark, the agricultural sector of the industry benchmark is guannong shares. Go to the end of the unit price only 42. $ .96.


High-share companies in Shanghai and Shenzhen stock markets can only live in the lower position, closing share price has reached 92. .68 Yuan, row. .


Name and Shenzhen high-priced shares the top 10. Overall agricultural stocks soar..


The surge in agricultural stocks, Guotai Junan analysts believe that there are two main reasons: First City. .


Field of atmosphere conducive to agricultural unit, such as due to the reduction and other factors, related in agricultural prices.


Concerned about the sound of climbing. The global surge in commodity prices caused by inflation expectations increase. .


Play the kinetic energy of agricultural prices. Second, the market investment style changes. Although many of the farmers.


Industry shares with the current lack of performance, but the stock market has always emphasized that future expectations, and agriculture. .


Product prices are the result of logical reasoning is expected to bring high-growth in net profit, so more to come.


Gradually more and more attention from the agricultural sector capital investment opportunities. .


Plate to the overall risk is high.


The face of the rise in agricultural sector, such as Bohai Investment Qinhong analysts believe that speculation on the anti-agricultural stocks. .


Reflects current market giddy "commodity futures prices does not mean that agriculture stocks rise in net profit." Qinhong.


Analysis, and now many people in the trade of agricultural products futures prices will be equal to net income of the agricultural sector. .


Rose, but this is actually a totally different. It is currently a stock market listed companies engaged in the real and crop production.


Small, even if futures prices of agricultural products delivered to the production area, the beneficiary is not listed companies. .


Over the past few years. What's more, the prices of agricultural products, the costs are rising rapidly, not only for pesticides.


Not just fertilizer, but also increase the income of farmers. In addition, extreme weather sensitive agricultural products. .


Therefore, the ultimate agricultural company profitability difficulties appear to grow explosively.


Analysts believe that the agricultural sector towards the end of the show, the main pull to the side edge of escape is not excluded. .


Last week's speculation in agricultural unit enters the high point of the cycle, from the plate is the final curtain.


Far, suggest that investors in practice, try not to chase high agricultural shares finished lower guard brought. .


To investment risk. Of course, for those who already hold in agricultural stocks, investors may pay close attention to the city.


The wind farm, once the heavy volume of agricultural stocks stagflation, then hastened to profit taking. (The financial) TOP ↑. .


Petrochemical industry: oil consumption tax adjustment on minimal impact Petroleum clubs.


【Exhibition】 Hai Tong Securities Financial reports that "some oil on the adjustment of consumption tax policy. .


Notification is on 06 years performed on naphtha, petroleum consumption tax policy adjustments. 06.


March the Ministry of Finance, State Administration of Taxation promulgated the "policy of adjusting and improving the consumption tax levy regulations,". .


Expansion of the oil products excise tax base, naphtha, solvent oil, lubricating oil, gasoline, mutatis mutandis.


0 per liter excise tax. .20 Million; aviation kerosene, fuel oil cf diesel consumption tax per liter 0. .10. .


Yuan. Taking into account the prevailing tax Naptha, solvent oil and other raw materials, most belong to industry or aviation kerosene.


Mainly used in aviation, thus, the collection of certain excise tax will increase production costs. Approved by the State Council. .


Access to adequate cushioning the impact on prices, 06 April 1 policy first by taxable.


30% of the amount levied on aviation kerosene consumption tax suspension. The adjustment is to 2006 4. .


Months by 30%, adjusted for the consumption tax levied at 100% charge.


Consumption tax policy changes on China's Petrochemical pros and cons, in all, had little effect on their profits. .


(1) according to the China petrochemical naphtha, disclosure of data consumption per tonne of $ 277, solvent oil consumers.


256 per ton fees and taxes. .4 Million, 225 per tonne oil. .2 Million, 101 per tonne of fuel oil. .5 Million. .


Aviation kerosene to $ 124. .6. Since April 2006 the oil consumption is reduced by 30%,.


Aviation kerosene are exempted. (2) fuel oil consumption tax adjustment will increase the company costs. 06 companies burning. .


Material oil sales for 1506. .7 million tons, consumption tax policy adjustment, the additional cost of $ 107051.


(3) naphtha consumption tax adjustment will reduce the company costs. 06 companies in 2050, naphtha requirements. .


Million tons, in addition to home-grown naphtha, demand mainly rely on imports. According to the circular.


Provides that assets of 08 companies to import and naphtha will be exempt from consumption tax, which will reduce company costs. .


170355 million. (4). Comprehensive consideration of fuel oil and naphtha consumption tax policy implications.


The adjustment of consumption tax will reduce corporate costs 633.04 million yuan, off earnings per share 0. .005 Million. .


As a result of China's oil refining capacity than China Petrochemical Corporation, thus this oil consumption tax.


Policy adjustment on the performance of China Petroleum smaller. Hai Tong Securities Sinopec is still maintaining "buy..


In the "investment rating, the target price of $ 28. （HP）TOP↑。.


Shipping industry: fuel oil consumption tax of full recovery is limited. .


【 Expo financial reports guotai Junan judgement, fuel sales tax recovery charge for shipping in full.


Corporate influence can be ignored, to maintain China COSCO, China Shipping Development, COSCO Shipping, long fuel transport. .


Four companies "holdings" rating.


1 ton of fuel conversion at the standard calculation is equal to 1015 liters, the current consumption of fuel oil tax levy. .


Is 30 per tonne. $ .45 recovery after full charge per ton of consumption tax will increase by $ 71. .05. Current fuel.


Oil prices around 4,000 yuan per ton, an increase of the consumption tax on the price of 1. .75% Or so. .


Effect on the price to a lesser extent.


Most shipping companies to use marine fuel oil as fuel, so fuel oil price fluctuations on the flight. .


Shipping costs. Judgment of the fuel oil recovery in full effect on the cost of shipping companies charge more.


Small, on the one hand is the consumption tax on fuel oil price of just 1. About .75%; the other is. .


This policy is primarily the domestic fuel oil prices, while the China Ocean, Cosco shipping, long a major aviation oil transportation.


Operation of international shipping business, the company expects most of the fuel oil from abroad, this part of the fuel. .


Oil will not be affected by the increase in domestic fuel oil consumption. （HP）TOP↑。.


Tire industry: the American Arbitration does not have a significant impact on exports. .


【 Expo financial reports haitong securities, this year's tire industry will continue to rise. It.


Based on three factors: natural rubber and other raw material costs driven, truck tires and OTR products for less. .


Demand, international tire industry gradually transfer to China. The above three factors determine the tyre industry rise this year.


Price trend will continue. .


Although the Chinese engineering tire export antidumping zhongcai, but even if the final result.


Is not conducive to the Chinese side, nor will the major tire companies currently export a material adverse effect. Our round. .


Fetal enterprise itself to United States export project tire number and proportion is high, because the domestic engineering tyre production.


Limited, especially OTR capacity at the end of 2008 only a small amount of early 2009 release, therefore, that. .


The end result is not conducive to the Chinese side, the current major tire manufacturers have a significant adverse impact.


Ring. Currently, engineering tire exports to the Mainland for more than 80 manufacturers involved, in which tire factory in Tianjin, expensive. .


State tire factory, Xuzhou tyre factory and Hebei a tyre factory relatively large. But with a tyre factory.


For example, exports to the United States each year, totaling $ 20,000,000, but also from top to bottom, including, engineering tire. .


Scale more with less. With the second half of last year, in order to avoid the risk, the company has once again lowered against the United States.


The proportion of exports. In addition, the association has vigorously defend the organization of tire companies, is expected to change the estimate. .


The preliminary results of the United States. Accordingly, the United States will not finalize on the performance of the tyre industry, with particular reference to the master.


Tire performance of listed companies to be adversely affected. .


Haitong Securities Holdings ratings given to the tyre industry, current valuations, Aeolus, Guizhou wheel.


Tires, double the money stock, Qingdao Double Star, Aeolus shares and maintain our BUY rating Qianlun Tai given double. .


Money stock buy rating. At present, several key tire company, Aeolus and double money shares.


Technical strength and the most reasonable product structure. Qian Luntai although production and management is also good, but because of geography. .


Location of cause there is a massive expansion of the company. Of course, in the main tire company.


In Qian Luntai there are some M & A value. Recommend Aeolus Tyre Co., another reason: Hao. .


Wah Group enters this year related to the merger will be conducted, which in turn led to the improvement of FENGSHEN and income.


Operating mechanism of the improvement. (HP) TOP ↑. .


Automotive industry: WTO preliminary on motor vehicles and parts for low-impact.


Financial Report】 【Expo judge Galaxy Securities, on the current situation interim award on the vehicle. .


And less impact on the listed parts.


Ruled on the domestic parts manufacturers less affected. .


The main reasons are the following: first, the internal parts and the United States, Europe, Canada, the product has.


Different core competencies. The advantage of parts enterprises in China mainly in labor-intensive production. .


Products, and the latter's advantage lies in the hands of key parts of the core technologies. In respect of the parts industry as a whole.


Physical point of view, the advantage of domestic products with the European and American countries often belong to different market segments, the two sides is difficult. .


Each alternative competitive relations. At present, imports amount to more products, mainly engine.


Transmission barriers such as high-tech products. The advantages of the domestic parts companies are mainly concentrated in the gas fields. .


Car safety glass, wheels, tires, body Assembly, domestic product costs far below international.


Similar products, combined with recent industry technical standards, product cost more obvious advantages. .


Therefore, even if the management methods, Europe and the like product remained in China leads the advantages.


Domain of Chinese products a threat. .


Second, most parts of the world have passed in the Giants seek partners way.


Plant opened in China, to achieve local delivery, on the one hand the use of domestic low-cost labor, on the other hand. .


Also to the Chinese market. Judgment in this way will be foreign large parts enterprises in China.


Major way. The dispute focused on a net importer of the product, so the dispute will be difficult for industry production. .


Significant impact on health.


Third, the domestic and international parts suppliers in the business strategy and marketing channels also have more. .


Big differences. In addition, if the WTO final asked to abandon the localization requirements will allow.


Are under development or early stage of the localization of high-tech products, the process of slowing down. This part of the product. .


Mainly refers to vehicle safety, control of electronic products, engine fuel system, etc. But at the moment.


Smaller listed companies involved in such products. .


On the whole car industry only luxury brand.


First, most domestic OEMs already reached 40% of the localization rate, early entry into China. .


Guangzhou Honda and Volkswagen have been used for more than 80% of the used car parts manufacturers.


Even more than 90%. Requirements of China's automotive industry policy has been gradually increase the localization rate of the joint venture. .


Coupled with domestic auto industry is highly competitive, and host plant from lower cost point of view, there have been started.


Nurture local suppliers large manufacturing capacity. Therefore, regardless of the final WTO ruling. .


How does not affect the normal operation of such companies. Secondly, the final determination of the dispute.


Will affect the premium car supplier. As the domestic auto parts enterprises can not meet the matching standard luxury. .


At the request of the vehicle, such as the Mercedes-Benz, BMW, etc. used for difficult to reach 40%. Therefore, once.


Asked the Chinese Government to abolish the WTO threshold of localization requirements of the luxury car manufacturer, it is. .


The good news.


Given the above analysis, the brokerage industry to maintain prudent recommendation automobile, auto parts industry. .


Neutral investment ratings. （HP）TOP↑。.


Paper industry: white cardboard continue to be optimistic, cultural paper and coated paper. .


【 News 】 Expo financial securities, the Yangtze River has white card paper, writing paper and coated paper.


Three types of paper products are currently in progress in the supply situation. Paper manufacturers have a certain level of price increases. .


For downstream resellers and end customers in relation to cash transactions and inventory to be sold.


Yes. With the holiday buying season and during the Olympic Games approaching, dealers will not be enough inventory to support the current consumption. .


Prices, thus had to accept the manufacturer's price increases. The next three types of paper products prices will rise.


Present paper industry growth and profits continue to increase the difference between output growth. Profit growth and yield increase. .


The difference between the long since 06 June 17 months since the continuous Bugle shape. The difference between the two has now been reached.


To 26. .5%. Moreover, through the relationship between market supply and demand analysis and change monitoring, the data there. .


Further enhance the space. From 05 January, the industry has undergone three phases. Respectively.


Phagocytic phase of profit, cost-push and demand-pull stage stage. But at present, is in demand pull. .


Dynamic, economic promotion period.


This month the North American market pulp prices continued to be ascribed to the same period, the dollar has experienced an accelerated. .


Depreciation of the stage. European market pulp prices fell back in shock, but the euro is still relative to the devaluation.


Continue. So this is the domestic enterprises, can be interpreted as the cost of the good. Further means. .


Out, in addition to the observation of changes in raw material prices, raw material prices should pay more attention to changes in industry or.


What is the likely impact of the company. The economy continues to prosper in the current stage of the paper industry, raw materials viz. .


To increase, with the ability to pass, for paper mills, cost pressures have become.


No longer important. Once the raw materials has dropped, as long as the rapid expansion of paper production is not, then this. .


Cost savings will be directly converted into profit. （HP）TOP↑。.


E-message: "2007 economic operation of electronic information bulletin" comments. .


【 Expo for financial reports, 19 February 2007, the Ministry of information industry to publish the electronic information.


Bulletin of economic operation ", which you can understand the 2007 economic operation of domestic electronic information industry, the basic shape. .


Condition. Guotai Junan Wei XING Yun, Zhang said, 2007 electronic information industry to continue to maintain rapid growth.


Annual sales income of 5. .6 Trillion yuan, up 18%; the added value of 1.3 trillion yuan, up. .


18. .2%; electronic information industrial sales income of the national industry of 12%, increasing the value of the country.


GDP, up to 5. .27%, Imports and exports account for more than 35% of the national electronic information industry. .


As the backbone of the national economy is still in the status of the industry. Ministry of information industry, it is expected that in 2008 the whole industry.


Growth rate will be 18%. .


07 years electronic information industry development first appeared weaker than the national trend of trend.


Electronic information industry in previous years, the growth rate of the indicators are much higher than the national average, but 07. .


Industry-wide industrial added value, export growth and the national level, and unbiased, profits and investment growth respectively below.


The national average of 15 and 8 percentage points. Components, devices, software and other infrastructure industries and gradually become a driving force. .


Electronic information industry growth. The revenue growth rate higher than the industry-wide respectively 10, 3, and 3.


Percentage points. Computer and electronic devices is better efficiency of the sector, over 20% profit growth, with. .


Move the entire industry profits.


Steady growth of output terminals and electronic products, high-end products has grown rapidly. .


5. throughout the production of mobile phones, .48 billion, an increase of 14%; micro-computer 1. .21 billion, an increase.


29%; digital camera 7493. .5 Million, an increase of 11. .9%; 84.33 million color TV sets, increased. .


0 .7% long.. High-end products, such as broadband, multi-core-based portable growth rate as high as 39%.


Computer accounts for 67% share, an increase of 3 percentage points over the previous year; flat panel TV in the proportion of color TV. .


28%, an increase of 10 percentage points, LCD TV and marketing growth rate is over 50%. Products for. ..


The basic balance of demand, mobile phones, computers, TVs and other major products sales rate of over 98%. The Bank. .


Industry product inventory growth rate of 17% less than the revenue growth rate of 1%. Product prices continue to decline.


Trend. 07 China's major consumer electronics product price index for the 85. .2, A decline over the previous year. .


0. .7 percent, lower than the national CPI 19. .6 percent.


Depth of information to continue to advance the process. .


2007 national mobile phone penetration rate reached 41. .6 percent increase over the previous 6. .5 percentage points; Internet.


Network users to 2. .1 Million, an increase of more than 7,000 people; urban residents owned a computer. .


Volume 59. .7 sets/100, color TV with over 100 units/151, were increased.


15% and 5%. National Information urban infrastructure investment accounted for nearly 10% the proportion of investment in electronic. .


Government investment in telecommunication investment of 12%. Enterprise e-commerce continues to advance, e..


Medium-sized e-commerce purchases, sales, the proportion of turnover accounted for 40%. .


Expand investment slowdown.


2007 more than 500 million industry-wide investment projects totaled 264.6 billion yuan investment, up. .


27. .9% growth, growth declined 13. .1 percent; new this year, the increase in fixed assets in 1477 billion.


Long 9. .2%, The growth rate decreased by 20. .8 Percentage points. New projects this year, 2780, an increase of. .


10. .2% growth rate declined 5. .4 percent. The electronic components industry new projects more than 1300.


Item, accounting for about half of the industry. 7% annual growth in foreign investment, growth has declined. .


Exports continue to grow rapidly.


In 2007 the export 459.5 billion U.S. dollars, an increase of 26. .2%, Down 9. .5 Percentage points. .


Computer and electronics industry export growth rate is faster, respectively 29% and 37%, higher than the industry-wide.


Average. Smart phones, flat-panel TVs, notebook computers, and its rapid expansion in demand for products. .


On the traditional alternative product market penetration will promote electronic products market structural growth. India..


Brazil, Russia and other emerging markets, the advance of information technology will also be a new global demand for electronic products. .


Dynamic. （YC）TOP↑。.


Nonferrous metals industry: the fundamental reason is the rising peak season. .


【 News 】 day Expo financial congenial Gu believes that currently non-ferrous metal plate warmer is based on the beginning.


The following reasons: 1, plate some time before the adjustment is large, a bottom a long time, and technology. .


Level rise; 2, the international iron ore price increases, "mining" kind of company funds.


Sought after; 3, by the snowstorms in China and South Africa, Zambia impact of power shortages, domestic and international copper prices were sharply. .


Rising, since the beginning of this year, Shanghai copper price accumulated 12. .6 percent, while prices of refined copper LME is rose.


22. .8% Copper plates of listed companies is driving up the main non-ferrous metals; 4, the U.S. government boost. .


Economic initiatives on commodity price good formed. The US Federal Reserve NLR 22 January 0. .75 indexes.


Points later, on January 30 decided to once again lower the federal funds rate 0. .5 Percentage points. .


.5% from 3. reduce to 3, .0%., may restore the commodity investor confidence.


Traditionally, each year one and fourth quarter is off-season consumption of non-ferrous metals, while the second and third quarters. .


For non-ferrous metals consumption peak season. Promotion of non-ferrous metal plate and the rise of the root cause lies in the investment.


Those for the upcoming season is expected to non-ferrous metal consumption, and non-ferrous metal-related re-listed companies. .


Time showing investment value. Day companion for Gu maintain non-ferrous metal industry of "holdings" rating. A unit square.


Hand, continue to be optimistic, "Chalco", "Nanshan Aluminum", "Jiangxi Copper," "in gold Lingnan" Investors are concerned about. .


Risk tips: 1, yield risks. Although China's snowstorm may affect copper, aluminium and zinc.


Related product output, but production still exists the problem of excess, there is likely to continue to suppress the non-ferrous metals. .


Price; 2, the United States economic development risks. The United States is still the main consumer of non-ferrous metals,.


By the sub-prime crisis in the U.S. economy go from here, will also decide non-ferrous metal prices; 3. .


Financial risk. People's Bank of China from the beginning of this year's tight monetary policy will increase the non-ferrous metals.


Listed company's financial costs; 4, policy risk. Possible to implement the resource tax "from the amount of taxable" to. .


Collection "ad valorem" or will have an impact on the operating results of listed companies and non-ferrous metals. （HP）TOP↑。.


Banking: Market expansion downward impact on the valuation produced. .


【 News 】 holding Expo financial to sell a large number of small non-lifting of the unit, as well as with refinancing needs.


Seller Bank will increase the power, making the original mainly by retail investors and institutions the game more complex. .


Forces of change will occur. Societe Generale securities officiating that industry in the early adjustment is the market for this.


Species of early response to changing supply and demand, but the real selling and refinancing of small non-significant market expansion will bring. .


Tolerance to the original valuation levels down. Determine the timing and amount of the revaluation.


The key variable is the macro-control and credit control policy. .


Small non-choose to sell or hold, depending on requirements and the yield, the former and funding needs.


Cash earnings related to the relative sensitivity in the period under review, the latter and credit control related. Set at the beginning. .


3. for the year as new .6 million billion line of credit, 35% in Q1, the proportion of 1 quarter of enterprises.


Access to the net line of credit to 1. .26 Trillion, while the January credit data show that new loans in January. .


8036 billion, if the increase in strict compliance with the requirements of the credit line before, then in February and March in total.


Can only 456.4 billion yuan in new loans, coupled with the reconstruction of the pressure brought snow, enterprise funds face pressure. .


Force in March will be further intensified. The Bank does not give inclining credit support in the first half of the cases.


Cash in on impulse will be greater than the small non-arbitrage impulse. In lifting the ban on selling stocks, small non, policy, banking into. .


As the game's protagonist. （YC）TOP↑。.


Banking: Long-term growth driver for the same. .


【 News 】 Expo financial industrial securities officiating that point to the inflation and economic overheating of the macroeconomic adjustment.


Control is expected not reduced, interest rates are the primary means of raising the deposit reserve and open market operations, line of credit. .


Degree of control, loan industry. Inflation expectations, austerity policies are difficult to reverse, the short term.


An impact on the attitude control of small non-sell and bank refinancing an important variable, is expected to remain in tight control. .


In the first half of the second half, but there is room for relaxation. But still banking on long-term growth motivation.


The same:. .


(1) the amount of scarcity will greatly increase the Bank's funds pricing capabilities, in order to ensure that interest income.


To sustain rapid growth; (2) Capital market decline in the funds flow back into the economy and the banking system, the bond market. .


System funds face relatively abundant, proceeds steadily raise prices; (3) with mixed and merger.


Continued progress, wealth management, financial advisory and other cross-business income growth will offset part. .


The traditional capital market product revenues, in the middle of the business income of the Bank has been able to maintain a..


Rapid growth; (4) provision coverage is relatively high, there is not yet substantially impaired assets;. .


(5) the new tax reform will accelerate industry 2008 net profit growth of approximately 16%. （YC）TOP↑。.


Banking: credit facility there, "a short multi-sky" effect. .


【 Expo financial reports in order to prevent the economy from overheating, Bank lending, the second half of 2007.


, The central bank to limit bank credit, 07 4 quarter credit accounted for only 3 months. .


Year 7% at the beginning of the Bank last year 08 loan incremental credit based on the incremental and lending rhythm.


The window guidance, but in January, was suppressed demand for credit has long been focused on the release of new loans 8000. .


Billion, accounting for planned throughout the year, 22% of credit under the control of the investment to further exacerbate the fluctuation,.


Future line of credit control more difficult. .


Societe Generale securities officiating believes that credit control of this regulation, on the banks of short-term profitability of production.


Positive impact on students, but the industry will have a negative impact on long-term, there are "short and more sky" effect. The short term. .


The amount of scarcity increases Bank pricing capabilities to strengthen the Bank's lending impulse to ensure early interest.


Net income growth, but decreased the amount of credit will be volatility and the daily operation of enterprises and the cash flow generated. .


The negative impact of serious affect profitability as well as on the Bank's asset quality produce damage.


Credit limit and carefully control the types of trades on the profitability of the business will have some negative effects from long. .


Period or will have an impact on the Bank of the related asset intelligence, and maintain ongoing tracking and concerns.


Second half of last year, while in the line of credit control, the central bank also highlighted the need for related industries. .


Loan guidelines, developed around a case-by-case basis. In Shanghai, a total of 4.


Types of credit Category: Blue - slope class credit toward the green - the credit to invest in supporting classes, yellow -. .


Credit on prudent class, red-credit investment restrictions and prohibitions. On a high industry, excess capacity,.


Foreign investment in real estate as well as prohibiting or restricting illegal credit class, the real estate industry and the base. .


Built-in classes and long term loans have also taken a more cautious approach. Although 2008 is not yet out of credit guidelines.


Taiwan, but is expected to continue in 2007 based on the spirit of the guidelines. .


According to the listing of Bank loan commitment, industry structure, limits and prudent class industry premises.


Production loans in the market in the proportion of bank loans is relatively high. Currently, the bank held and Freddie Mac. .


Production-related assets primarily in real estate companies loans and personal loans. As of end-of silver, listing 3.


Line with the average holding of real estate-related loans accounted for about 27%, including real estate loans accounted for such companies. .


More than 9%, on average, more than a personal loan is 18%, the former are governed by real estate companies are operating conditions.


Large, the latter is more sensitive to price. (YC) TOP ↑. .


Insurance: snowstorm less impact on performance.


Financial Report】 【Expo China Insurance Regulatory Commission recently released data show, as in January. .


In some regions of South China experienced a rare rain and snow freezing weather, the national insurance companies received.


Disaster Insurance reported more than 800,000, estimated claims more than 85 billion yuan. Changjiang Securities Cong, He Sheng table. .


As shown in the snow on the current share less impact on the insurance company performance: according to statistics, Ministry of civil affairs.


As of February 12, this snow has caused direct economic losses of 111.1 billion yuan, resulting in crops. .


1. affected .77. However, for the insurance industry, the expected loss of only $ 85 billion, its only.


At present the total disaster losses 7. .65%, The insurance industry did not suffer serious losses. .


From insurance current statistics show that during the snowstorm, property insurance company will be the master.


To the impact of the loss concentrated in auto insurance, business insurance property and construction workers and agricultural insurance. While the. .


Country life insurance only covers part of the personal accident insurance and health insurance reimbursement of expenditure, so that the snow on.


Life of the country is almost negligible. In 2007 China Pacific Insurance and Ping An interim tax. .


Before profit (China accounting standards) are: .8 million and 46.88. .7 billion (simple assumptions 07 years.


Twice the annual revenue for the first half of the 93. .6 Million and 177. .4 Million). Therefore, the snow for China too. .


China ping an insurance and relative to 07 years of Foundation respectively 12. .1% .4%, and 5., China.


Peace in the snow in the relatively small losses. It is worth noting that this is not. .


Consider the company's reinsurance arrangements on the final payment under the influence.


In addition, in the snow around the Spring Festival, last longer and spread wider scope, and. .


The history of the motor vehicle accident occurred more frequently, therefore, for the period.


Motor vehicle insurance, even when the snowstorm it will not produce a certain amount of the payment. Therefore. .


Does not take this precaution in losses in particular motor vehicles insurance completely as a snowstorm.


To cause the loss of additional consideration, under normal circumstances should be taken into account the possible losses. By. .


To insurance companies, real due to snow disaster caused by the loss may be much lower than the present.


See figure. (YC) TOP ↑. .


Insurance: snowstorm brought accelerated development opportunities.


Financial Report】 【Expo Changjiang Securities Cong, He Sheng said that the snow will be the insurance company. .


Bring long-term benefit:.


One side from the market perspective, the broad masses of China snowstorm vivid knowledge of insurance. .


View lesson. In this snow, because there are insurance companies and individuals to avoid the suffering.


Loss of their real-life example will give other companies and individuals to bring a model effect. In the snow disaster. .


Insurance indemnities total disaster loss ratio is very low, this is not the same as the global average level there is a large gap.


This shows that insurance coverage in China is still very low, at 06 years of insurance penetration is only 2. .8%, While the. .


In the global figure of 8%. Therefore, the experience of the snowstorm, the insurance will be.


To a certain degree of strengthening, which has prompted the insurance company's rapid rise in premium income. .


Second, in policy, through the snow, to the insurance industry an accelerator.


Development opportunities. The Government will support the establishment of the next catastrophe insurance system, do not rule out giving policy or. .


Who is economic concessions. The Government's support to the establishment of catastrophe insurance system, the insurance company upon.


A profound impact on business. In essence, the insurance company is different from the characteristics of companies in other industries. .


In its business with economies of scale, risk and control has become the first permanent insurance companies.


Services. The Catastrophe Insurance System in China, will greatly enhance the insurance company to bear the risk of catastrophe. .


Ability to enable insurance companies to operate more consistent earnings to further reduce risk.


Third, China's agricultural insurance is still in its infancy, given that only some insurance companies. .


Certainly, this also and agricultural insurance against the risk difference, historically, agricultural insurance.


Second catastrophe losses over the years may consume company earnings. Therefore, the development of agricultural insurance in China. .


Insurance without government support. In fact, the Government has always attached great importance to the development of agricultural insurance. Special.


In recent years the government gradually increased its investment in agricultural insurance. However, there is really restrict agricultural insurance. .


Development of fundamental factors or because companies company suffered in natural disasters.


To huge losses, so the insurance companies in the development of agricultural insurance are more cautious. After the snowstorm. .


It is expected that the Government will give greater agricultural insurance support, for such a large agricultural country.


States, the Government's support for agricultural insurance in full swing, then the insurance company will bring its huge. .


Big opportunities. （YC）TOP↑。.


Research】 【listed companies. .


【 】 Guo.


Pingmei Tian: theoretical expectations at 60 yuan. .


【 News 】 Expo for financial analysts Zhan Guo Ling yin, Yang Ming holdings that are artificial,.


Materials, to accelerate the rise of maintenance costs, the company in 2007 or lower-than-expected results will be 07. .


1. EPS by $ .15/unit lowered to 1. .04/unit; however the company enjoys a prominent in central China..


Price advantages, and developed a relatively flexible sales policy. Integrated coking coal price increase in 2008 over 30%. .


Consolidated sales increase 6% of the assumptions, the company in 2008 EPS ideal values are 1. $ .80/unit.


Coking coal prices rose to become the largest beneficiaries. 6 months given the expected price of 60 yuan theory, investment holdings. .


-Rating.


Companies, about 40% of coal sales for the region of Hunan and Hubei, steel and power users, because. .


This shenyin wanguo are very worried about the effect of causing the coal sales company. However, the communication suggests that the State guarantees.


Policy to promote coal power plant, the company coal production capacity is fully released, 1 month, 2 per month to over a year. .


A slight increase over the same period, while the company remains smooth and clean coal sales, sales to the same period last year. 08.


Coking coal contract prices are on average 30% increase in 2007, the average price of steam coal increased 12%. Company. .


Located in the hinterland of the Central Plains, the distance from the central region is Shanxi, Inner Mongolia, closer to the coal-producing region. Over the years, the public.


Secretary adhering to the "41" led sales strategy, sales targets mainly concentrated in Hubei, Hunan, Henan,. .


The area along the Changjiang River and Jiangxi, companies in the region the largest production scale, leading most powerful pricing.


As a result close to the market, target customers a wide range of sales policy, the company a higher price elasticity of the contract. .


Coal price increases of basic market.


Assumptions in the above profit forecast 100 million tons of thermal coal considered only incremental, and 60 million tons coal. .


Increased, and the fact that in 2008 the company approved production capacity is 3 million tons. From.


Coal supply and demand situation, the state tightened metallurgical coal in 2008 will continue, the domestic and international coal spot. .


Transaction prices rising, potentially allows company contract coal prices upwards again. Depending on the capital city.


A clear determination to become bigger and stronger field, the company has matured and the refinancing of the acquisition of the Group may be in the construction of the mine. Level. .


Coal Group and the company's management to — the enterprise scale and sustainable access to resources.


The market will determine its level of discourse. To this end, the Group actively looking for new resources, new production capacity. .


And made it clear that the company is a group of coal assets operation's sole principal.


Risk: from financing and the resulting uncertainty in the performance of smoothing motive. Although the group. .


And companies rely on financing to do large-scale strategic concept already, but have not yet entered the operational level. From.


Additional substantive point of view, the financing will mature and assets under construction for the short term may be limited thickening of the flow. .


Common shareholders and shareholder of the game or appears. A further deduction, if financing is not smooth.


Now, the company earnings management may be through the appropriate means to smooth performance, so that the 2008 actual results. .


Lower than expected. （RYW）TOP↑。.


UF Software: Development of high-end customers has a strong strength. .


【 News 】 Expo for financial analysts Guo Wen Yu, along, even if they are not considered.


Continued successful case, the 31.31 million contract the company in 2008 there will be some contribution to profit growth. .


It is expected that the project's implementation and revenue recognition should be completed before the end of 2008, this thickening company 08.


In EPS of about 0. .022 Million. Holdings to maintain the rating. .


Company announcements, Brach's tobacco industry accounting software projects ".


Signed with the company, "the tobacco industry accounting software procurement and service contract", the total contract standard. .


Amount to RMB 3131 million. Shenyin wanguo think the bid for the company's high-end clients.


Development of great significance. In fact, thanks to the modular approach, the bid contract is tobacco. .


Industry-wide financial management software, part of the project, namely the General Ledger, fixed assets, reports, etc..


Consolidated statements and other accounting modules, complete these before you start the implementation of other modules. As expected. .


The winning bid is at the heart of the financial management software, the company will occupy subsequent bidding advantage.


After winning this project, China National Tobacco Corporation will implement industry-wide accounting of nuclear UF NC tobacco industry. .


Computer software, which marks the yongyou high-end customers development are strength, and high-end NC.


Location also can be established. This further confirms the SW depth report mentioned in the previous point: this. .


Soil manufacturers will take full advantage of the Government and the State-owned enterprises to large State-owned group with industry to cut.


Point to expand into high-end market. As a local leader in management software, an enhanced ability to develop large customers. .


Is it on subsequent development of the space key. The company has 60 million corporate users, how to better.


The customer service to do the fine deep, continuous access to the value of the depth of the utmost importance. The successful smoke. .


Grass industry project will enable the company to further improve the industry-wide user's operational experience, at least.


Get the implementation of quality and service quality improvement. Tobacco industry's successful projects, but also for the company further. .


Step in the development of other sectors, the high-end customer group level has played a strong role model. Follow-up of the company.


Giving quality of service is that the key to the demonstration effect can be achieved. (RYW) TOP ↑. .


【 】 Gold company.


Guangdong Provincial Expressway: two years, is immune to a big performance increase. .


【 Expo gold in financial reports in accordance with near and Buddha open project duration change adjustment.


The profit forecast, the 2008 revenue of RMB 10. .82 Billion adjusted to 10. .38 Billion. .


Net profit from 5. .03 billion to $ 4. .72, Guangdong road speed holding two years.


The results are difficult to grow large, asset injection and the overall market there are no substantive progress. .


Maintain a "neutral" rating of the investment.


Guangdong Provincial Expressway Holding Guangfo, the Buddha to open high-speed traffic are basically saturated current in the expansion project completed. .


Before, it is difficult to have a big traffic growth, guangfo expansion project has been started in April 2007,.


Expected to be completed in May 2009, while the expansion of the Buddha to open the land issue, has been postponed to 08. .


Start at the end of the year, is expected to be completed by mid-2011. Other operatic near collapse of high-speed holdings,.


What's not expected to be re-opened to traffic by the end of 2008 (the original plan early in 2008), then the whole of the project. .


A 2008 will not be able to contribute to income. On the whole, in 2008 the Guangdong high speed section of the holdings are difficult to demonstrate.


Guangdong Provincial Expressway 07 shares of the river high-speed, high-speed Mao Zhan, Guang Zhao highway and Guangzhou-Zhuhai section of Beijing-Zhuhai Expressway. .


Roads are good performance, it is expected that these sections in 08 will continue to maintain stable growth trend.


They are the main results of Guangdong Provincial Expressway in 2008 growth, but the net result of these sections only Guangdong Provincial Expressway. .


Run by the 32% of the overall performance of the Guangdong high thickening limited. Guangdong high speed on 07-Dec-new.


Cornell shares of Jiangxi Province High-speed, high-speed and Ganzhou, Jiangxi Kang Highway Bridge, which will be held three road 08. .


January 2010 and at the end of 2009. 08 January opening kangda speed.


Shao-Gan because of its high-speed connections have not yet completed, so in 2008 the traffic volume is not optimistic. (WM) TOP. .


↑。.


Shenzhen Expressway: Long-term development prospects can be high hopes. .


【 Expo financial reports promising deep in gold companies and high-speed existing opened production road traffic increase.


Potential long to enjoy a clear management strategy, long-term prospects of Shenzhen Expressway's high hopes. .


Taking into account the valuation of the shares in A relatively high risk, given the "prudent investment rating recommended".


Companies to invest in the construction of Nanguang Expressway has been opened by the end of January this year, while the company focused on building clear. .


Even high speed will be opened this year's fourth quarter. Light speed is in the northwestern part of Shenzhen, Hong Kong.


Shenzhen is one important channel to the mainland; and clean with high-speed connection is even more important through Guangdong and Hunan. .


Road, compared to the original there is a short journey to Beijing-Zhuhai Expressway, the advantages of low altitude. It is expected that the two expressways.


After a cultivation period of 08 years, will enter the high-speed growth in 2009. Shenzhen Expressway deep as its parent company. .


Nicholas international highway industry operating platform's position has been very obvious. Shenzhen international as incense.


Hong Kong publicly listed company in Shenzhen Expressway when needed financial support can play an important role. Shenzhen International. .


Owns 75% of longhua-dalingshan and 45% of the equity wuhuang high-speed is likely in the fourth quarter of 2009, with the right.


Exercise card into the listed company, and because of these road property has been listed in Hong Kong companies, assets. .


Injection does not exist any policy barriers.


Shenzhen Expressway's management with clear ideas and a clear development strategy, the time of its road assets, reasonable layout. .


Performance predictability and continuity. It is located in the most developed area of China's economy, the growth in demand in Guangdong Province.


Strong, can provide long-term results of strong support. Shenzhen Expressway most of the road property in the SAR, to enjoy. .


From SAR tax preferential policy, 2012 tax rate is 15%. The main risks: deep.


The main risk is that high interest rates caused by increased financial costs, clear and even high-speed cable can not. .


Finish, the Pearl River Delta region could shut down the formation of larger scale needs to reduce risk.


(WM) TOP ↑. .


【 】 CITIC Jiantou.


Sailing Shares: additional contribution to the profits needed to be directed after 2010. .


【 Expo financial reports CITIC Jiantou Zhengjun expected windsurfing shares (600482) 08, 09.


The company achieved sales revenue of 33. .36 Billion and 41. .70 Billion and net profit 2. .17 Billion and 2. .99. .


Billion, EPS of 0.1. .94 $ .30 element, the corresponding 2009 25 x PE, reasonable price in..


32. .5 Million. Moreover, given the company in August 2007 acquisition of exploration (of reserves 10. .2 Tons of yellow..


Gold, silver and 1550 tons of 87 million tons of lead and zinc), given the value of the mining company target price for 6 months.


45 yuan for the first time a neutral rating. .


In 2007, the automotive market continued prosperity, rapid development of the electric bicycle market driven by the company.


Car to start with the batteries, electric bicycle batteries rapid development of two main business, so the leading production. .


Commodities battery sales revenue grew by 36% .97. sales revenue in the company's main business income.


84. .64%, Effectively led to sustained and rapid growth in operating income. Lead by the shadow price of the company gross margin. .


Ring size is large, currently lead costs as a percentage of the total cost of the shares of up to 70%. Therefore, in recent years, lead prices constantly.


Prices, the company's gross profit margin decline in a row there. But this year the company gradually with the Lord. .


To supporting manufacturers reach PB battery product price and lead prices linkage agreements, supply and maintenance market.


Price increases and new technologies lead section (section lead of about 15%) out of R & D applications and some price increases, cost control hand. .


Over the four quarters of sales, gross margin percentages were 13%, 12%, 12% and 14% in the second half of the real.


Is the gross profit margin of only steady recovery. October 2007 1250 private placement shares of the company to raise funds. .


4. NET .38 $ 1 million invested in KVAH industrial sealed lead-acid battery program and year.


Produced 3 million maintenance-free sealed lead-acid batteries project is expected to reach production time was 09 8. .


13 months and 2012, the project reaches the postpartum is expected to increase sales revenue and profit 5. .35.


Million and 0. .7 Billion, 600 million and 0. .6 Billion. (WYB) TOP ↑. .


Gasification: acquisition of assets become the new growth point.


Financial Report】 【Expo CSC researcher Zhang Guangyu that in coal, coke industry support. .


Continued prosperity and future capacity expansion is progressing, the profitability of the company remains optimistic.


Attitude. The company's performance is expected in 2008 1. .3 Million, maintaining a "buy" rating. .


The company acquired the company in the boroughs of coal preparation plant and Taiyuan City gas works gas plant in two.


Assets, in addressing the problem of long years of related party transactions at the same time, increasing productivity, providing companies. .


New profit growth point. Donghe coal washery 07 38. coal cleaning .33 million tons, the production of clean coal 26. .07.


Tons, the company contribution to 354. .31 Million profit. Coke Gas Plant annual production of 101. .92 Million tons. .


1. production of gas .99 billion cubic meters, the company contribution to the profit of $ .06.952. The company will consolidate sites.


Further improve the coal mine production side. Integration of 08 units of coal, including coal ge, transformation finished. .


Upon completion of their production capacity by 30 million tons/year to 60 ~ 90 000 tonnes/year; Kuo mountain mine, consolidated production.


Capacity from 30 million tons / year to 60 tons / year. The company also integrated in consultation with the Puxian Pu County Government. .


South Bay coal mine. At the same time, the company belongs to 3 # lishi coal mine for about 600 million tons of coal resources, East.


River coal mine under the group of more than 2,000 tons of resources, technological innovation will be implemented this year. Companies in the construction of coal mines. .


And integrate local small mines all finished, coal production capacity is expected to reach 800 000 tonnes. Company focus.


Of the business now has the first source of coking plants and gas plants, production capacity was 70 million tons and 100 tons. .


In 2008, the company is prepared with Shanxi coking co., Ltd. of Dongfeng-Citroen energy cooperation in the construction of energy-coke-chemical dragons.


Industrial Park. Coke production capacity is expected to expand the company's future is 200-2200000 tons. After completion of total coke. .


Production capacity should be a 370-390 000 tonnes. （WM）TOP↑。.


Han's Laser: Theory expected price of 33. .


【 Expo financial reports strong CITIC Jiantou Dong, Han's laser (0008) 08 years.


Unit revenue is 0. .66 Million. Han's Laser theory is expected to priced at 33 yuan, so give overweight rating. .


Han's laser 07 annual business income of $ 14. .86, compared with an increase of 74%.


The company achieved net profit of 1. .68 Billion, up 86% over the previous year, to achieve earnings per share 0. .44. .


Yuan. Company main product marking machines, welding and cutting of the sales contract increased by 52%, respectively,.


174% and 119%, laser plate making and printing equipment sales revenue exceeded 200 million yuan, the company. .


New profit growth point. In 2008 the company marking machine business growth rate declined slightly, welding machines and cut.


Cutting machine business will continue its rapid growth, the laser drilling machine business will be a breakthrough, laser printing. .


Brush business will continue to grow as quickly as possible. Overall in 2008 will still remain 40 percent growth. Prediction of Tai.


Family Laser 2008 earnings per share is 0. .66 Million. Risks: investment risk from the company point of view the main is. .


Managing risk, the company is from a medium-sized companies to large corporations transition management need to learn much.


Type the company's management. From the stock market, the current tape position is relatively high, a larger system. .


Commission of the risk. （RYW）TOP↑。.


】 【GF Securities. .


Fujian cement: reasonable value for $ 11. .8.


Financial Report】 【Expo GF Securities, said Xie Yong Yuan, regardless of Fujian Cement (600,802). .


Transfer of gains on equity investments, it is expected that the company 07-09, cement manufacturing business earnings per share, respectively.


0. .12 Yuan, 0. .20 Yuan and 0. .29 Million, the cement manufacturing business, a reasonable value of 8; addition. .


Societe Generale's equity investment income per share for the thickening 3. .8 Yuan; the company a reasonable value for $ 11. .8, it is recommended that the "holder".


Fujian Province in 2006 and 2007 fixed-asset investment growth rate of more than 40%, much higher than the whole. .


State average, stimulated cement demand expected in the next few years, demand for new cement per year.


350-450 tons; the same time the obvious contradiction between the structure of cement industry in Fujian Province, the proportion of new dry cement far. .


Below the national average of cement, in accordance with the provisions of the national development and Reform Commission, "eleventh five-year plan" period need backward throughout the province.


Capacity of 10 million tons; new demand and replacement demand of backward production capacity for the company to provide a broad development space. .


Rooms. The company's gross margin level leads the industry in the forefront, but due to higher expenses for the period, which led to the company.


Overall profitability is not strong; present, the company's management has been initially improved during the charges. .


Be less; it is expected that with the further improvement of the management level, the costs will decline. The company.


Societe Generale shares held by 3208, according to the current in the secondary market price 45 yuan / share, with the total. .


14. the market up to .5 billion, while it costs only $ 1. .16/unit; this company's net assets per share thickening.


3. .8 Million; the stake held by the Company was traded in February 2008, once sold, will be very. .


To enhance the company's profit for the period, may have on the company's stock price has some of the short-term stimulus.


(RYW) TOP ↑. .


The new five-Feng: stocks on the high side.


Financial Report】 【Expo researcher Tang Weiliang GF Securities said the long run, as the company each. .


Business consolidation, expansion space. A stable, Hong Kong and Macao, pig sales revenue.


Pigs also have their own health scale and the Pearl River Delta business expansion potential of pigs, is the industry. .


Defensive company that gives you the next 12 months of the target price is $ 14. Considering that the company now.


Stock price high, a "hold" rating. .


The coming period of pork consumption will also continue to maintain a certain level of growth. It is expected that as.


Reduction in the size backyard and national regulatory policy in China ,05-07 crash scene following the pork price surge. .


Continued to appear unlikely, pig breeding long-term to improve. Hog exports is a new five-Feng main income.


Sources, the domestic proportion is still small, but showed an increasing trend. Company to build the industrial chain, see Pig. .


-There are awaited. As a result of the pig 2007 rocketed to offers and keeps it in Hong Kong and Macao market companies export industry.


Business profits are subject to greater impact. Ng Fung 07-09 new profit growth point in the main from the pigs. .


The expansion of aquaculture, the scale of the increase in the volume of domestic sales and gross margin improved to pigs. It is expected that the company 07,.


08,09-year net profit is 0. .33 Billion, 0. .51 Billion and 0. .74 Billion, earnings per share is 0. .182. .


$, $ 0. .282 and $ 0. .413. （WM）TOP↑。.


】 【Soochow Securities. .


Xinjiang joinworld: competitive advantage is further enhanced.


Financial Report】 【Expo Soochow Securities researcher Guo Jingjing that since the provision for impairment of assets. .


Losses, Xinjiang joinworld (600888) 07 years of poor performance. Forecast for the company in 2008 earnings per share.


Were 0. .6977 Yuan. 35-40 times 2008 PE at a reasonable valuation of the company for 6 months target price. .


24. .42-$ 27. .91 to maintain "investment rating holdings".


With fund-raising capacity of the gradual release of the project, predicted 2008 results will appear. .


Substantial growth. The company closed issue 08, implemented, total net funds raised.


Amount 10. .24 Million, 5,400 million new shares. In raising funds before the company raised. .


Part of the investment funds, including 15000 tons of high pure aluminum project progress is achieved.


50%, and has produced benefits. These projects will be 08,09 years on a sustained performance of the company. .


Contribution. Company electronic new material industry is developing rapidly, expanding the size of the market, while at the same time as. ..


Company a competitive advantage and further enhance the company sufficient orders, production tasks and full, high capacity utilization. .


The product backlog is basically non-existent. But because outsourcing general increase in electricity aluminum ingot and outsourcing, the gross margin slightly.


Decline. 2007's 6994 asset impairment losses. .77 Million, including the company address. .


Security issues for resumption of agricultural machinery in .90 million 3525. debts; thus, all of the company.


Solve all the problems outside the warranty, in 2008 the company will move forward with ease. In addition the company's operating expenses in the package. .


Enclosed 1256. .4 million of non-current assets and disposal losses, which also affected the company's results for the year 2007.


(WYB) TOP ↑. .


Hualuheng l: coal industry has been formed.


Financial Report】 【Expo Hongyuan Soochow Securities, expects Huaneng Power (600426) 08. .


Year, earnings per share in 2009 will reach 0. .88 $ and 1. .23 element, corresponds to the current stock price-earnings ratio of dynamic.


35. .88-Fold and 25. .67 Times, consider the coal chemical industry in technology, scale advantages and. .


Industry chain advantage, the company's future will remain a fast-growing holdings in the rating given to 6-month target price.


41 yuan. .


Company 2007 optimize production system management, the two sets of large implementations of nitrogen fertilizer plant, parallel and stable operation.


Effectively alleviate the cost pressure from rising raw material. 07 urea and its two leading products. .


DMF gross margins were 21.20. .46 percent and over .08 percent a year rose .18 per cent and 2. decreased.


2. .62%, Overall profitability remained stable. The company completed a total of 07 localization of raw coal and power. .


Restructuring project, 8 million tons/year of DMF to 15 million tons/year of the project, 20, 000t/a methanol project.


80,000 tons / year DMF project, public works and reconstruction projects, the production capacity expansion of major investment projects 5. .


Implements the rich resources of bituminous coal and anthracite for the heightening of scarce raw materials substitution so that leading companies.


Basically self-sufficient margin products, completed a clean coal gasification technology based on chemical fertilizers. .


Co-production of chemical, gas, improving the resources comprehensive utilization, form a fertilizer, chemical "wheel".


The coal chemical industry pattern. 07's new production company in 2008 will be the full release, urea. .


Price after 07 years of ups and downs, with Q4 07 years of substantial export affects the Nations.


The spring reserves, estimated in 2008 will remain at the high and volatile market. In addition, the Company and of the fertilizer. .


Cooperation in the acquisition of de Qi Yong chemical 75% stake will enhance the performance of 08 years later, de Qi dragon has 100.


Tons of urea and 30 tons of methanol production capacity. (WYB) TOP ↑. .


【 News 】 Company (non-"four", "message to the four report").


Nanning Sugar: MCL is not the first time touched the "ceiling." .


【 News 】 Finance Expo South snowstorm with white sugar futures madness, the sugar stocks.


Festival ushered in "a perfect start." However, Nanning Sugar (000,911) of the "most wonderful time" but in February 20. .


Day in the fairway. As a result of illegal trading in the foreign shareholder exceeds 5% of the shares, the short-term benefit news and speculation.


No notice, Nanning Sugar from February 21 onwards temporary suspension. It is an open domestic capital markets. .


Foreign investors are covered for the first time, which breaking up to 5 billion cross-border recovery of suspense also heavily.


February 19, Nanning Sugar announcement said, MCL's two subsidiaries, Martin Curie investment management. .


Co., Ltd. (hereinafter referred to as MCIM) and Martin Currie company (hereinafter referred to as MCI), August 23, 2007.


To August 30, 2007 Nanning Sugar Industry between 1700 to buy shares, and in January 4, 2008. .


To 08 January 25 sold between 1450 million shares of stock, representing% of the total shares of listed companies.


5. .07%. However, MCL and its subsidiaries, and no timely notice. This touched. .


<证券法>Article 47.


Provides: "listed companies held more than 5% of the shareholders, will be held by the company's stock..


Purchase within six months after the sale, or sell within six months after buying it, and thus the proceeds.


Company and the company board of directors shall recover its proceeds. "These two companies acquired in August..


The Nanning sugar price of around $ 13, and sold has risen to $ 20, so rough.


A little doing, its benefits as at 1 billion yuan. Bank of Beijing, Song Xu, a partner law. .


College indicates that, due to the MCL Nanning sugar infringement results occur in China, once the two sides.


Negotiations without results, Nanning Sugar can be sued in China MCL. But in the face come out of the billion "stuffing..


Cake ", Nanning sugar people helpless said," now or wait for each other, yet into the law.


Program. . ".


This is not the MCL first touched the China securities regulatory "ceiling". Back in August last year.


Copies, MCL in the hands of two subsidiaries when Jiancang Nanning Sugar, indirect shareholding proportion. .


6. .44%, thereby exceeding the shareholding of 5% above the upper limit of the required notice. But it was not until October 24, 2007.


Day before the announcement late Nanning Sugar. In this regard, MCL explained that due to its trading system. .


Code error, coupled with the disclosure and the British Chinese lengthen the time of operation, resulting in information disclosure delays.


After two months. This time violation, Nanning Sugar aspects of their excuse is, "the company did not channel..


Understanding of the shareholders of the sale of stock. " (Contact dawn of the 21st century) TOP ↑.


Changzheng Electric: Milky Way once again "magic." .


【 News 】 currently Expo financial long electric investors are most concerned about is that its majority-owned subsidiaries.


Ai million Dis Guangxi Yinhe Wind Power Limited ("Galaxy wind power") the true and false, and the Long March electricity. .


Gas has not yet been published clarification announcement. At the same time, the market in the long March project down wind power electrical fabrications.


Placement and Zuozhuang questioned the secondary market has continued to increase. .


January 4, the long March of rally horing suspension, electrical suddenly claimed to have been important announcements. 1.


8 May, the Board issued its announcement that it plans to raise private placement 4. .3 Billion, of which the. .


3. .5 billion to invest 2. .5 MW direct drive permanent magnet wind turbine project. The Bulletin's long electric.


Special emphasis: "to convene to consider matters relating to the non-public release date not yet determined shareholder meeting." There City. .


Field, this is probably long electric are directional add-issuance conditions still immature, "Rob.


The first "release this is partial good news to share prices. There is a phenomenon worthy of attention, the Galaxy Group's high..


Pipe to buy a lot of relatives long electrical distribution unit. Changzheng electric 07 28 December shareholders.


Book shows that float shares in circulation among the first 15 and 73 named Panjin Hu and Panjin. .


Hold 824367 unit and 173290 unit. Informed sources said, jinhu is Galaxy group practice.


Controller cousin Pan Qi, Panjin is the sister of Pan Qi, which Panjin Hu has been a result of illegal detention. .


Crimes and sentenced to imprisonment for not less than one and a half years. According to private equity sources, Galaxy Group senior had to visit Jiangsu Su.


State, Yancheng, etc. "lobbying" the rich, said the Long March share price to rise to 100 electrical, in fact. .


Changzheng Electric's shareholders also shows there is a lot of Suzhou and Yancheng's shareholders.


Although the Long March to clarify the electrical market is not open to public challenge wind power project, but the wind around the item. .


Purpose of SEO is intensely the stock price continues to rise. This period, the actual control of the person's immediate parent.


Are directly involved in stock trading, and faint galaxy emerged in the former "Zuozhuang" figure. As a Galaxy Group. .


Control of another company, Galaxy, through science and technology at 02 offset shares and secondary market speculation.


Combination model of the stock in the capital market to play a handful of the Ministry of Finance and after the intervention of the Commission. .


Next, the Galaxy group controller Pan Qi Director until the curtain drama gradually become clear. The previous one.


Will the curtain of wind power in the Long March, under electrical recurrence is still unknown. But already believes that. .


Regulatory authorities on Galaxy technology results of the investigation have not, this possibility is becoming more and more.


Large. (Economic Observer) TOP ↑. .


* 4th ST: 10% financial consolidation TRAC system platforms are expected to die.


Financial News】 【Expo there has been much anticipated and all parties re-guess and imagination * ST. .


4th (000605) restructuring programme finally settled, the tide of internal borrowing gold ring pharmacy.


Financial assets will ultimately identified as the Northern Trust. Ring medicine all the existing assets and liabilities will be sold to large. .


Fourth Group of shareholders, and to add new stock-for-stock merger Northern Trust, in order to achieve the latter, as a whole.


Body of the market. After completion of the transaction, the company will be renamed "Northern International Trust & Investment Co., Ltd.", and. .


Non-previous rumors "Teda International". This also means that the fourth Department of the entire pharmaceutical industry become financial consolidation Trac.


Platform is expected not been realized, other financial assets TEDA Department whether to follow the form of additional injection. .


Listed companies, is still unknown. With this reorganization, 4th pharmaceutical from original hospital.


Completely exit the drug business, and the introduction of strong profitability, business trust, in order to achieve core business. .


Strategic transformation.


In fact, this convertible merger is completed, TEDA Pharmaceutical Holdings has become the first City of Victoria. .


The largest shareholder. Teda investment holding is also the actual control of the Northern Trust. In the intervening four pharmaceutical Teda investment holding.


After the reorganization, on whether the piece of TEDA's assets into the listed holding company of speculation, the market one. .


Direct a lot rumors. Informed sources said that the earliest Teda investment holding intends to inject the Bohai securities, and has already entered.


Line of the initial contact. However, due to mutations in the wind backdoor listing broker, form top form at the bottom of the SFC more. .


Preferred securities directly IPO listing advantage, but did not regulate the Bohai Sea securities brokerage, has also become a class.


A major obstacle. In this context, belong to the Department of Northern Trust TEDA backdoor into the agenda. .


The financial industry is at the core of Teda investment holding. In addition to Northern Trust, Teda investment holding also in..


Stake in financial companies, including: a 25% stake in Bohai Sea, the largest shareholder; Thailand. .


Daheyin 51% stake in the fund company; bohaicaichanbaoxiangufen co., Ltd. is the first major shareholder; long.


Jiang securities 6. .5% Equity; Heng share of life insurance; also funded the establishment of its TEDA Tam. .


Insurance companies and Teda pawn. At the end of September 2006, the Commission approved the Teda shares invested in Bohai..


Coupons, as the largest shareholder of the Bohai Securities. TEDA TEDA share on Department of Finance will be the platform of the intervention. .


Period was very strong. But some analysts Teda shares under the main industry, chemical fiber, covered.


Water, real estate, is not suitable as a purely financial platform. In this context, the TEDA Investment Holding. .


Then spend hundreds of millions to buy four pharmaceutical NET shell, to bring a lot of capital market Association. Interested person.


Who pointed out that there are several listed TEDA system platform, City of Victoria may be TEDA Pharmaceutical create a pure play. .


Highlights of financial platform. 4th pharmaceutical will be renamed the Teda International, more market participants that are not.


To TEDA's financial assets will be concentrated to the City of Victoria. This time the re-draft of the Northern Trust official admission. .


4th pharmaceutical and big financial platform is expected to suffer in vain. As for the injection of Northern Trust assets, the public market.


Secretary will then injected through the issuance of TEDA Investment Holding's other financial assets, the company respects do not want to. .


Response. (21st century Shen Wei) TOP ↑.


Kudo: body enveloped much doubt. .


【 News 】 Finance Expo 06 Dec 1999, through the shareholding system reform, Gansu rotata biological system.


Pharmaceutical Co., Ltd. was established, beginning the prelude to the restructuring of listed companies. Kudo in the shareholding system reform. .


Before a series of equity transfer, the result is the largest shareholder and shareholders, and for big shareholder.


Suppliers, major shareholders and the relationship between vendors on the surface to be lifted. July 2006, alone. .


Indulge in shareholder que Wen will Institute of traditional Chinese medicine Longnan (rotata is currently the second largest shareholder) of the original.


Before the transfer of 120 million contribution to Lee, the wife Que Wenbin He Xiaolan original contribution will be 30 million. .


Transfer to shixi. In July, que Ya-wen will star trading company of Chengdu 90% of the shares transferred to Liu Jin.


Loose. Before the star is always Chengdu Ya Kudo second or third largest supplier of medicinal herbs. The company by the. .


Que Wen and zhengzhong founded in 2004. In July, the Sichuan hengkang Development Corporation (the actual controller Que..


Wenbin) will be held by the John Hancock medicine were 90% of the equity transfer. 05-06, Sichuan John Hancock medicine. .


Contribution for rotata maximum sales. In January 2007, she was renamed the John Hancock pharmacy pharmacy.


07 in the first half, the company is still the biggest sellers Duyiwei. .


Data show that from 04 to 07 years of the first half of the year, rotata 90 per cent of the ingredients used by the top five.


Name of supplier monopolies. Including industrial companies in Chengdu and Chengdu Jincheng Best Lan Fan Technology Trading Company. .


Division, the two companies ' shareholders are LUI Ming-liang and Chen fu. Since 2007, elegant star, Beth.


Special Jincheng, blue sail technology at the three companies lost a collective list of major suppliers and replaced by four. .


-Stars trading company and Sichuan source(HK) trading company. While the number of natural persons and the public rotata.


Secretary recurring, but also intriguing. Kudo financial statements, the most questionable is the inventory Branch. .


Mesh. As can be seen from the corporate report, inventory, accounting for the proportion of main business income is very large. If a plus.


Accounts receivable, can be said that three and a half years, Kudo little real sense of the sales. .


The company's explanation for this is that "the last three years and one period at the end of stock has remained relatively large balance, this is not the same.


The company's stock structure and the main raw material is closely related to the procurement cycle. The end of the structure of the company stock. .


A very high share of raw materials. " Rotata inventory turnover is very low, and reached a staggering 65%.


Inventory levels, regardless of period of abnormally high, with buyers, sellers intriguing relationship. .


Lines that casts doubt on the authenticity of its sales revenue.


In Duyiwei prospectus on page 95 the right to use that trademark, the "single blind" text providers. .


Mark also includes a copper mine. Aleatory in rotata "transactions", Gansu Yang dam copper.


Company had been seen. 2004, Kang Yang Longnan City of Gansu Province Dam copper (Yang Dam Copper predecessor) to. .


2116. .5 million and total assets for sale to Gansu rotata biopharmaceutical company. But recently, by the sole.


Que Wenbin control blindly another major shareholder of listed companies * ST cotton high (600 139) Notice that big. .


Shareholders of Sichuan John Hancock to placement in the form of a company into Yang Dam Copper 100% stake in the Department.


Sub-option price 5. .58 Billion. Yang Dam copper company who is controlled? Relationship with Kudo. .


? The company at the end of 2004 to rotata, total assets of only $ 2116.


How in just three years to get the 5 million yuan worth, appreciation of 26 times? (Every day..


JI News) TOP ↑.


Little Swan: The final purchase price will be the keys to victory. .


【 News 】 Finance Expo the appliances (000527) notice that the proposed major.


Acquisition under negotiation, there are uncertainties, the company will be February 19 to February 22 suspended 4. .


Days. America's electric song, press spokesman, said that with regard to this party, the acquisition of all the current notice.


Not to disclose information. Liu Buchen, home appliance industry observers believe that the acquisition of the United States Little Swan. .


Has banshangdingding, 4 days will fulfil the formalities related to the bid, then you can officially announced.


According to the U.S. electrical insiders said that to this acquisition, the United States is no limit on funds invested. .


In addition, 18 February, little Swan (000418) has also issued a public notice that the State has received meaning in Wuxi.


To the transferee, "the transferee letter of offer", is organizing an expert group to review the assessment intended transferee. .


The company stock will be held from 18 to 29 February continued suspension. Wuxi's external relations.


Liang said the man, all announcements of listed companies to prevail, there is no information to disclose. Appliances. .


Industry observers liubuchen believes that according to the procedure, the two sides after the signing of the share transfer agreement has yet to be reported.


CSRC and SASAC approved, the consent of the relevant regulatory authorities, the United States be considered the final merger into the Little Swan. .


Reactive power.


Wuxi National League out of the transfer price of funds will continue to test the U.S. chain. According to the U.S. announcement was electrical. .


Shows, beauty appliances 07 net profit is 11. .93 billion, operating activities generated cash flow is 16. .33.


Million in cash and net profit compared to the acquisition of the need to use the funds are not sufficient. However, according to. .


New hair beauty appliances, beauty programmes of appliances intended to be distributed openly without specific object does not exceed this.


Announcement public offering prospectus of the company's total share capital of 10% of the new shares, intended to raise funds 35. .56 Billion. .


Element, the funds raised will be used for ten investment projects and additional liquidity. In addition, 08.


On February 22, Midea Group Co., Ltd. will be held Feb. 22 filing by book-keeping, centralized distribution. .


On sale fashion issue 08 (phase I) announcement, the issue size to 18 billion for the period.


365 days. Can the U.S. win the ultimate Little Swan, but also as the Italian round of the most powerful competitors. .


MC pugnaloni's final offer. According to the League Office sources Wuxi, Bologna, Italy, Daisy HI Corporation.


The bid is in the main, from Lehman Brothers acted as financial advisor to the company will be 2.3 billion. .


The premium of 25 billion bid. Wuxi Grand King, Chief Executive, said in the same cylinder, final.


Purchase price will be the key to victory. (China Times Yin Feng) TOP ↑. .


China aluminum industry: acquisition of leadership is the parent company's behavior.


Financial News】 【Expo in the industry for the 2008 China Aluminum (601600) started and overseas. .


Buy the first gun were screaming, recently, the China aluminum industry and Alcoa signed a memorandum of understanding.


Record is disclosed. Memo, the two sides have a plan, there may be up to the holdings of shares in Rio Tinto. .


14. .9%. A bit closer to the top of the disclosure, prior to the insiders "extension" of the blocking action achieved stage.


Of results, strategic objectives have been achieved, at least 6 months, the aluminum will be no major action. It is further. .


Step to understand, in aluminum group within the outgoing group or message will change its name, this seems to be corroborated.


Aluminum Group diversified group of strategic development. .


As a result of the merger and parent company news, stock prices in aluminium with strong, but he didn't last long, nearly two weeks away.


Potential downturn. Galaxy Securities analyst said non-ferrous metals industry, the acquisition of Rio Tinto is the behavior of the main aluminum. .


The behavior of the parent company, the short listed companies directly. The recent decline in stock prices, mainly due to the former.


On the valuation premium and futures commodity prices fall due. In response, shares of aluminum are also high-level insider. .


Frankly, this is the behavior of aluminum, the parent company and companies directly linked to the "no-injection.


Listed company of its intention underlying assets. "Analyst further said that at present, the aluminum price risk was..


The free, basic and reasonable valuations. From a long-term point of view, as the largest domestic production of aluminum products.


Enterprise, the company has a complete production chain of aluminum products, with the expansion of aluminum increased overseas M & A, public. .


Division of resources, is expected to develop into a global integrated mining group. A fund company.


Who also showed that the long term bullish on the future integration of aluminum stock potential and development prospects. He disclosed that in the. .


New rankings in the top, the concept of the overall market in the future. But based on short-term results.


Impact of the current holdings in the aluminum stock does not continue. Of course, the more the hands has been configured. (China Times king..


Siu TOP ↑ Atlas).


Shanghai Pudong Development Bank: Another big financial institution operating differences. .


【 News 】 20 finance Expo, Shanghai Fund Deputy General Manager of the company to disclose in the empty stimulus,.


Shanghai Pudong Development Bank created a volume of 3,410,120,000 yuan's trading days. According to statistics released by Shanghai Stock Exchange, the Senate. .


And trade transactions by all organizations. From the Shanghai Pudong Development Bank, 20 February trading trends to.


See, there are large selling seats from the body, but many institutions were buying, a buying and selling between. .


Create the transaction day. Institutions on the differences in the operation of the disk surface in revealed. In the afternoon,.


Deputy General Manager of Shanghai, said a fund, the Fund to continue to buy Shanghai Pudong Development Bank. .


Fund industry, so limiting, Shanghai Pudong Development Bank 2008 dynamic earnings down to 23.


Times, which in all the listed companies is low. Once the refinancing smaller than expected, the public. .


Division of investment value will gradually appear. Guo, Eastern securities, China Merchants securities and other large security companies to see.


Good reasons for Shanghai Pudong Development Bank include: First, accelerating the appreciation of the yuan, awash with liquidity, the big back. .


King, credit growth and stability of the banking industry, spreads will continue to expand, the rapid growth in the middle of the business. II.


Shanghai Pudong Development 2007 tax rate is 47%, much higher than other banks in his early 30% level, 2008 tax. .


Rate will fall to less than 25% of the industry, which will bring more than 40% net profit growth.


Third, the level of provision is very good SPD, which has a huge profit to free up space. .


Shanghai Pudong Development Bank in the Shanghai financial holding group in flagship status is also unable to invest in research institutions.


Ignored. Ji Xiaohui, chairman of Shanghai Pudong Development Bank Shanghai as a financial holding platforms at the same time - Shanghai International Group. .


Chairman of the Board, he said the Shanghai Pudong development in the future-status is very important, although it is not within a short period of time.


Significantly. CITIC Fund, a fund manager admitted that each trader's managers want to invest in high growth. .


The company. In high-growth expectations, he managed funds held by Shanghai Pudong Development Bank. According to a..


07 Four Seasons Fund reported that Shanghai Pudong Development Bank held up to 108 public fund, not including. .


Collection of financial products and dealers insurance company position. He said that if there is no refinancing program, Shanghai Pudong development.


08 times the dynamic price-earnings ratio is around 20, which is the lowest in the banking sector level, with the other. .


More than that listed companies have the advantage of the valuation. If counting 400 million refinancing, performance is assessed.


Thin, SPD's price-earnings ratio in 2008 was 25 times what turned it into shares in the bank side. .


High standard. Beyond the expected financing plunges even before the limit is reasonable. （JGL）TOP。.


↑. .


Jinfeng investment: selling shell or a unique way.


It is reported financial news】 【Expo, Jinfeng Investment (600 606) may reflect the brokerage business contraction. .


The entire real estate marketing industry present difficulties, but its capital, real estate development and denied that the main industry.


Transformation, then from the company's own background. .


Shanghai real estate group owns two companies on the platform--Chinese enterprises (600675) and jinfeng vote.


Capital, while the former is the flagship real estate development has always been. 06 came from the overall market. .


Real estate group, its assets to a number of large-scale, how injection which has been listed on the platform.


Focus of the industry. Although it was once heard Jinfeng Investment parent orientation will be the new asset injection. .


Into the platform, but it was close to the real estate group's insider, assets investment injection jinfeng..


Not large, the parent company is always bigger and stronger focus on the Chinese enterprises. November 14, 2007, in. .


China started almost ten years ago in the listing for the first time on the platform, to the press.


3 shares for every 10 shares of the ratio of the Placing the Placing Shares, to raise funds will invest a total investment of 55. .90 Billion. .


The construction of three projects. This move was seen as Chinese firms adjust to meet the parent company assets note.


Into a sign. .


An unidentified senior analysts noted that, originally, the two companies, a clear division of labor.


Primary industry development, a real estate brokerage business the main business is acceptable. But the question is, premises. .


Produce brokers are gradually into a slump, jinfeng investment has already occurred in the case of regional companies, losses.


As a listed company to make profits support the results as soon as possible, is the top priority, so the replenishment of the real estate. .


Development theory is also presently necessary adjustments should be carried out. Together with the Brothers company competition, etc..


Factors, on the integration of real estate assets of the group seen in this game of chess, Jinfeng Investment to resolve the current embarrassment. .


State, it seems that the only way to sell shell. （JGL）TOP↑。.


* ST Hui Tong: It is possible to introduce other strategic investors. .


【 News 】 Finance Expo of the 21st century economic report "reported that snow disasters * ST..


Tong (000,920) were forced to stop production for 21 days, triggering production stagnated, order delays a chain reaction. .


To company losses as high as 1. .5 billion. But * ST Huitong some comfort that the suspension of over a month.


After re-moving a favorable direction. February 20, * ST Huitong announcement that CSR and public. .


Division personnel, proactive and consulting the parties concerned, is now available from many intentions units and options.


Screened three basic options, and report the competent authorities. .


The CSR group main railway locomotive trucks and buses, three types of industry.


Services, which manufacture and repair of railway freight and * ST Huitong terms exist in the same competition, though * ST. .


Huitong's listing, the CSR Group had issued a letter of commitment is not competitive, but in the tender process, the Ministry of railways.


Sometimes occur CSR and * ST Huitong the same subject matter while the case of competitive bidding. Guiyang coupons. .


Operators believe that three basic options should have been focusing on how to resolve the competing designs. ST Huitong a..


Insiders said that, as to the reasons for the three basic program, it will likely Gongming S. group restructuring vehicles * ST. .


Huitong the so multiple legs ensure foolproof manner.


The estimate, CSR Group hopes the Commission, the stock market can identify with * ST Huitong. .


Competition between is not serious, because China's railway freight car transport satisfaction rate less than 40%.


That is in short supply in the state railway truck, not to mention how much competition yet. Therefore, the people. .


Scholars believe that there is one scenario may be the CSR group and * ST Huitong lorries from repairs, zoning.


By type of product manufactured goods vehicles to avoid the same competition. In addition, these people also believe that one of the. .


One might be the CSR group let * ST Huitong introduces other strategic investors, they assume.


Major shareholder of the place, in order to avoid competition with the other, the Southern Railway Freight Car Group's asset class. .


Injected into the company it is also possible that one of the programme. No matter how the restructuring programmes, * ST Huitong in CSR.


Group's position among the large system has been clear. Informed sources, CSR with * ST. .


Huitong has signed the next three years of production management jobs require * ST Huitong in 2010 must be reached.


To the annual sales income of 1.5 billion, net profit of 4,000 million scale. (JGL) TOP ↑. .


Nanjing Bank: transmission pipe is about to change.


【Expo, according to financial news, "21st Century Business Herald" reported that in April 2008, Nanjing silver. .


Line of the fourth Board of Directors whose term of office expires, the new Board of Directors, how to, top management will be transferred.


Whole, raising concern. As early as the Spring Festival, printing of bank management in Nanjing started rumors transfer will occur. .


The whole. An informed person to reveal a set of possible adjustment programmes, the current Governor of the Bank in Nan Zhang Ning.


Will take over as chairman, while current chairman Lin Fu outgoing and return to the Nanjing municipal government system; As. .


Governors of successors, or from two Vice President Yu Bosco and produce weekly low Ki. Recently, Nanjing silver.


Line management level have been adjusted to enrich the president, a vice president and two assistants. .


Public information displays, born in 1956, since forest 01 September has Nanjing Dong banks.


Something long, party secretary. As the former chairman of Bank of Nanjing, Nanjing Bureau of Finance Lin Fu worked had. .


As Deputy Director of the Bureau. In a number of Nanjing local bankers, it seems that if a forest that can left office.


That "mission accomplished." At present, the possible scenario, who succeeded the post of president, there are still some changes. .


Number. But many are familiar with the Bank of Nanjing industry represents Yu Zhi-qiang1, 2 may be more competitive. In a. ..


Bit local senior bankers view, Yu Zhiqiang, and Zhou Xiaoqi two similar qualifications. Weeks after the South. .


Beijing city officials of the financial system, since December 1996 as Deputy Governor of the Bank of Nanjing. Yu-origin people in silver.


Line system, has served as the People's Bank of Nanjing Branch of the Director of Foreign Investment Administration, Financial Management Division, from the south. .


Beijing Bank established since Vice President, 04 April, has assumed the role of the Bank in charge of finance; Nanjing, China.


Early last year, Yu was elected as a Director of Rizhao City Commercial Bank. Yu Zhiqiang had been in charge of Bank of Nanjing. .


The Ministry of finance planning and financial operations center. In recent years, Nanjing Bank and gradually form a distinctive silver funds business.


Line, in the interbank market reputation quite good. In a recent management level adjustment, Yu Zhiqiang in charge of development. .


Planning, weekly low Ki charge credit and wind. （JGL）TOP↑。.


Baosteel: Steel prices increased in the second quarter. .


【 News 】 Finance Expo, Baosteel has announced increases in the second quarter the price of rolled steel, hot rolled.


Price to be raised 500 yuan / ton, cold-rolled prices to be increased 600-800 yuan / ton, the cost for the digestion. .


Rising.


2008, iron ore prices rose 65% basically clinches, Baosteel is expected to be accepted. .


This price. According to industry estimates, research fellow at the iron ore prices will make the steel enterprise cost per tonne of product.


Increase of more than 370 yuan, coupled with the recent postage increase, prices of coking coal, iron and steel enterprises have entered. .


A high cost. Some market participants stated that a quarter of the AISC steel WISCO and price range.


More than 10%, Baosteel rose about 5%, the sharp rise in the second quarter of Baosteel steel prices. .


Predictable, but price increases up to 800 Yuan/ton, there is a little surprising. However, from.


The current rough estimate of the cost, in 2008 the relative cost per ton of steel increased 600 -800 07. .


Yuan/ton, iron and steel enterprises can only come through price increases digestion costs continue to increase. （LQ）TOP↑。.


Construction: 51% to make a happy life stock ownership plan. .


【 News 】 Finance Expo of the 21st century many authoritative sources confirmed that the Bank intended to be.


Stake in Beijing-based Life Insurance Company of happiness. This time the investment has entered a substantive exercise. .


For stage, if the plan is complete, the construction of the future will become the happy life of the largest shareholder. In addition, the building.


Negotiation Hefei Xingtai Trust & Investment Bank Ltd smoothly, its stake is likely to rise. .


80%.


The sources close to a happy life, held in mid-February general meeting of a happy life, the. .


Shareholders unanimously approved the motion of the CCB buys. This capital increase will be used to branch the directional add-issuance.


Type, all the old shareholders are not involved. China Construction Bank raised 51% to be stake. But this decision also. .


Need to be approved by the regulatory authorities. Due to the banking, insurance and specific rules for the changeover has not yet been published, as a result.


The ratio of the specific shares are still variable. 21, happy life, said a senior shareholders, CCB. .


Shares happy life, on the one hand, the construction of integrated management strategy required, on the other hand, will be a happy life.


Advantages of using the bank's network to develop business. Xingtai Trust regarding the progress of negotiation as well, February 21. .


Day, a bit closer to the xingtai trust informed sources said that the merger is completed, the Bank will hold xingtai trust.


80% of the shares. (LQ) TOP ↑. .


Beauty appliances: Group text inclusive has nothing to do with the acquisition of little Swan.


Financial News】 【Expo Midea Group Co., Ltd. will be Feb. 22 filing with bookkeeping, set. .


In the placement issue 08 (first phase), the issue size to 18 billion short-term financing bills, and. ..


On whether the funds will be used to help the United States acquired Little Swan Electric A, caused the market speculation. United States. .


Electrical dongmi plum, said, the beauty of the electrical equipment acquisitions little Swan is a listed company, and beauty.


Not relevant, its acquisition will also use its own funds of funds, the U.S. group of the issuer and this has nothing to do. .


For this beautiful group release announcement of funds available to the sources, 08.


Group on the globalization of the United States, the United States the Group in Vietnam, Belarus, Thailand, Pakistan. .


Tan, Malaysia building including air conditioning, electrical appliances, environment, life, several major overseas students.


Production base, which requires more than 10 billion capital investment, in addition to air-conditioning projects in Vietnam through the United States. .


Issuance of appliances to raise funds and other funds you will need to raise media group. In addition, the United States.


Group household appliance group has not yet listed, in 2008 the group built up to a dozen projects. .


, Including microwave appliances new industrial park, life electrical Sakura industrial park, Wuhu, 2 washing appliances.


Base, of which only the base of Wuhu dishwasher to reach 10 billion yuan investment, these investments are in addition to silver. .


Line of credit is clearly still need the support of the media group. Similarly there is no listing of real estate development group 08.


Will also include the king of the construction phase, including many blue items, these funds into the United States the same set of needs. .


Mission inputs. Meanwhile, in order to solve the non-listed company business management incentives, midea group is also in..


On the one hand listed brewing to promote these services, such as motor and Hualing Welling replacement of assets, in addition, too. .


Raising funds to help including NEC Group and real estate development group of executives. （LQ）TOP↑。.


【Column】 Fund. .


Bond mutual fund as "safe havens" fengji will continue the wonderful.


【Expo financial news last week for the performance of A-share market is extremely fierce, serious injury fund market also. .


Heavy, index funds largest trauma, but still only equity funds 14 despite stronger, while the bond.


Fund as investors in "safe haven." .


Statistics show that the net value of 227 only mutual fund week rate of-1. .10 per cent of the Fund appear general fall.


Phenomenon, only 43 weeks of growth in NAV is positive. Net growth in fund list to the net. .


Value list, open the net growth fund week three, is still in stock funds, they split.


Especially Golden Eagle small-cap, small plates, Allianz Global Investors Selections, their net worth to increase by 3. .24%, 2. .86%. .


2. .57%. In addition, the net weekly growth of over 1% of the faith ", long letters increased profits, Chinese market,.


Soochow power, power and other funds Peng Hua, and their net growth rate of 2 weeks. .30%, 1. .85%, 1. .73%. .


1. .63%, 1. .48 percent. Obviously, the size of stock fund obviously run win big.


Funds from various types of performance, adjust the depth of the situation heavyweight suppression funds Shigekura plate table. .


Now, the net effect of hedge funds, equity funds were greater impairment. 104 only partial.


The average net value of stock funds decline to 1 week. .24% Drop list ranked the top three, Golden Eagle Small Cap, RCM. .


Manhattan, faith, they are also the most powerful movements in the last week of the Fund, as well as the great wall, put the main stock.


Title, Lion value, the Great Wall brand preferred, Lion Stock, Bo, when selected, Bo, when the tertiary industry, the Netherlands. .


Silver, Invesco great wall, the trend in Central Europe, the market value of optimization and other ABN AMRO Fund NET shrinkage last week.


Are more than 3%; stock - index fund net decrease of 1. .95%, Mixed NAV. .


Decrease in the average week is 1. .07 percent% bond fund net decline in the average week 0. .055 per cent last week.


Mainly refers to the comparison market can also be found, various types of funds have suffered losses large extent, the Fund positions. .


Still no light.


Exacerbated by the impact of stock market volatility, the Shanghai and Shenzhen fund index last week fell to the trend can be ascribed almost. .


Enclosed, continuation of last week's inverted "V" shaped. Cumulative decline 51 point hujizhi, shenjizhi cumulative decline.


Fall of nearly 80 points and 4800 points mark, the two cities fell more than Qicheng of closed-end funds. A single base. .


Gold, opening trading closed-end funds, only 33 9 only rise, fall, only 24 16 only.


Funds fell more than 1%. The industry believes that closed-end funds will continue, wonderful, worth the investment. .


The market's risk, the level of the Fund, the Fund's risk is different from the market's risk,.


Re-entering the closed-end funds from the fund, and perhaps closed-end fund arbitrage inherent in the base can withstand. .


Payment risk and market risk. In addition, the Shanghai and Shenzhen stock market constantly swings that investors bile Warfare Center.


Frightened out of the wave is a strong bond rally. 2008 With the great efforts to develop bond market, bonds. .


Market product quantity and variety of investment will be more abundant. In the face of significant turbulence in the stock market, seeking to escape.


Bond funds put into "safe haven." (Stock Daily Ren rain) TOP ↑. .


Fengji discount and gradually reduce the trend of the rational allocation of the Fund Portfolio.


Financial News】 【Expo this year, closed-end fund market showed strong resilience, no. .


Only qiangyuda market trend, but also stronger than the open-end fund performance. To a certain extent, to become.


Ideal haven for fund investors. View from the discount rate, discount rate, respectively, early and Statistics 1. .


Latest discount rate, subject to the negative UBS raifu enterprising and currently a higher premium rates, the remaining 33.


Closed-end funds have a discount deal. From the closed-end fund market trends, and gradually narrow the discount rate. .


Is the regularity, but through the analysis of puzzle 33 only closed-end funds, you can find.


17 rather than the beginning of the Fund's discount rate has been expanded. .


Although recent discount further expansion, but in the long term, closed-end fund market discount rate basis.


Further reduce the general trend. Thus, the value of experience in the A-share market revaluation of the case, it has more. .


High investment security is worth the marginal, investors concerned. Varieties, after a downtrend.


Higher discount rate of the species, such as Gyeongbokgung Fund, the Fund Jinghong, the Fund Hansheng, fund Hanxing so. .


Many varieties of the discount rate has been expanded to more than 20%. Recommendations concern which has a higher discount rate, and. ..


Outstanding performance and closed-end funds. A bond fund's recent performance and low-income low-risk characteristics. .


With that in the current market conditions, it is better to avoid systemic risk stock market investment product, built.


Investors meeting to enrich their own product configuration, through the fund portfolio and reduce risk of partial stock fund values. .


High increase of bond mutual funds, funds, money market funds and capital guaranteed funds and other low-risk.


Fund allocation ratio of species. .


Specific combinations of recommended varieties.


Balanced style of open-end funds, the key recommendation of ABN AMRO TEDA Risk Budget, the League of Nations Andrew. .


Shen Sheng secure growth, strengthening the configuration, the same Paris merchants Antai balance, sinks, fengjinxin 2016.


Because with lower volatility, and risk management of investment is higher. Aggressive investment. .


Users can continue to focus on strategic growth, yifangda penghua China 50, on investment and performance advantages of Morgan China.


Continuing good hybrid funds. .


In closed-end funds, concern about the current discount rates are relatively high and good funds such as funds King.


Wang, Yu Yang Fund, Fund Hansheng Gyeongbokgung high discount rate funds and funds remain long-term investment value. .


Recommend appropriate increase bond fund allocation ratio. According to bond mutual fund in the recent risk return means.


Standard, combined with 07 bond fund's share of net income situation, recommend a higher risk-adjusted performance. .


Negative profitability of the bond, South China Ruiyinrong Fangbaoyuan bonds, changsheng CSI total debt, fuguotian Lee.


Growth bonds, Castrol bonds five bond funds. (CIC Securities Tommy) TOP ↑. .


Rationally Fund Ratings.


Financial News】 【Expo last two years, China's fund industry has been rapid development. Fund investments are. .


Become a preferred public investment, but how to choose the suitable varieties, most investors was lost.


So a variety of rating agencies have begun to emerge, some brokers, fund companies, insurance companies have their own. .


Fund Ratings Department.


Fund rating agencies currently have dozens of people, and the number is the only established two years. .


At present the domestic companies and investors to fund more influential rating agency has three: Morningstar ratings,.


Lipper ratings, Galaxy Securities Funds Research Center rating. Objectively speaking, the emergence of a number of fund ratings. .


For investors pick funds offer a lot of help, but Fund rating is only an objective assessment.


Price is a summary of the past and does not represent the predictions of the future, therefore, only the ratings results. .


Energy reaction to past performance. For investors speaking, see Fund rating data, it is necessary to pay attention to.


Following questions:. .


First, don't simply Fund rating as an investment decision, but rather to take it as a study.


The beginning of the Fund; Second, some funds have a relatively high rating, but it does not really fit all. .


Investors, because the Fund is not the same risk characteristics, and investor risk appetite have differences.


Third, the Fund asterisk is the same type of fund for comparison, different types of funds can not simply use the stars. .


Numbers for comparison only. As a three-star Bond Fund is not necessarily better than four star stock fund.


Poor, because the bond fund volatility was low, similar funds is still leading, still apply. .


-The soundness of the low risk appetite of investors. Special instructions, fund performance, whether or not there is a continuity.


Fund rating is a key factor in effective. The main purpose of rating is to provide information for future investment. .


Pricing and evaluation of the Fund Manager of the professional skills, which are both to fund performance has continued as before.


Mentioning. If the fund performance does not have continuity, then the result is questionable fund rating. In addition, the. .


Morningstar, Lipper Fund awards these foreign fund ratings are usually on a three-year performance evaluation of the Fund.


Level, and some set up less than 3 years the fund has performed well and not be so rated. (Qilu Evening News) TOP. .


↑。.


Huatai Securities: relatively low valuation of the fund safer. .


【 News 】 huatai Expo financial securities investment strategy, the Fund reported that, in the short-term should.


Equity funds have avoided, but there are large losses of investors in the location of nearly 4,000 points redeemed. .


Nor is it a wise move. In appreciation and inflation expectations remain for looking for a lower relative valuation.


Species will be more secure choice. .


In addition, huatai securities considered that although the Fed lowered interest rates substantially rise in interest rates is expected to make domestic reduced.


Short-term bond funds still will not have outstanding performance. QDII varieties yield less, in the present. .


Market environment does not recommend investors hold the type of variety.


Fund portfolio recommendations. .


Huatai securities that February prices should remain a shock consolidation on turnover of depression. In litres.


Value and inflation is expected to stimulate still looking for a relatively low valuation of the varieties will be more secure election. .


Optional. Combining industry researcher, huatai securities optimistic about the Bank, the food and beverage, retail and wholesale.


Pharmaceutical and other industries. Investors are advised to purchase Shigekura funds in these sectors, and specific stock selection is. .


Taken over by the Fund Manager to grasp.


Huatai Securities pointed out that under 4 quarterly disclosure, on the table in the Fund consistent with its industry. .


Select, and then combine the fund company rating and historical performance, we recommend that investors can focus such as. ..


Under the Fund's investment portfolio: (PQ) TOP ↑. .


Sidazhu line construction fund pools.


Financial News】 【Expo experts believe that 2008 will be difficult to extend the yield of 07, the base. .


Profit from the people. Fund investors are most commonly used method is based on the Fund Xuanji performance ranking.


But the fact that a main theme this year is clearly looking for quality funds is inappropriate, needs to multi-faceted. .


The main integrated pick worthwhile investment fund. Investors may be based on the following line to build your own sidazhu.


The fund pool. .


The main line to investment style.


To determine the Fund's investment capacity and investment style, is the main criteria for selection of quality funds. TX. .


Investment consultant's report shows from the past year, the average performance ranking, tend to be.


A group of long-term investment fund performance got the upper hand. In fact, the fund's volatility magnitude of the net. .


Said to be on their best interpretations of investment styles.


There is a strong group of funds belonging to type - up Debu fast, but fall is also slow. Generally these funds. .


But the proportion of equity asset allocation is lower, or in the awkwardness, lack of short-term collar.


Running the broader market stocks. Such as the South from the overall style of the selected components, are more typical research style. .


On the worksheet. However, since nearly two years of bull market, resulting in a part of the fund companies in the proportion of equity investments.


The upper limit of operation. This is, in a bull market, hybrid funds to the stock drift. If the market. .


Reversed, it is possible to balance the whole drift from the lease, and even individual Fund.


To drift into partial debt type. .


As strong as the main line performance continuously.


Only through sustained fund performance test, which can be likely to continue well past. .


Performance of fund chosen. From the corporate level, China asset management company, Everbright baode letter.


Fund management company's 07 stock funds since the performance is better. .


If the support fund and long-term performance of various factors has not changed, performance top.


Funds can be considered as a combination of configuration varieties. Industrial trends such as hybrid funds into the biennium. .


The top three, and their performance continues to grow. Statistical data from Morningstar, industrial trends with.


Have a higher risk-adjusted return, the fund has a very good response to the control of risks. At. .


Fourth quarter adjusted since faces market under pressure, industrial trends remain close to 3%, the rate of return.


Ranked the most resilient of the hybrid funds as well. .


On a stock market structure changes as the main line.


In the current structure of A-share market transformation, brought about by fluctuations is very obvious. In other words,. .


Structure of the conversion process, only the major adjustments are great opportunities. This also gave the fund managers to configure difficult.


Degrees. 08 blue-chip return to the broader market and stock index futures coming soon, the market will once again widen the space shock. .


Big panlan chip style Fund income stability characteristics to make more robust funds portfolio performance. While small and medium-sized.


Extraordinary corporate board development, investment opportunities in high growth implies. .


However, TX investment research reports that, from A-share market structure changes in the Fund.


In principle, the overall allocation is still proposed to continue to grow strong and is expected to mainly clear blue chips. .


To invest in the direction of the Fund as a major variety of configurations, on this basis, the flexible configuration of some small and medium-sized.


Plate style, theme class style funds. .


Ability to invest.


2008 theme into the market will become more frequent and multi-stage, there is no obvious advantage throughout the year style. .


While the Fund's investment abilities is a comprehensive expression.


Fund to fund study is a relatively common indicators, in general, the main consideration base. .


Gold company fundamental strength, investment management, fund the company's stability, governance, structure, and the wind.


Risk control standards. Among them, the fund management experience in the basic strength of the main considerations, product line improvement. .


Degree, management effectively scale; investment management capacity is primarily considered the performance, liquidity, etc..


Factors; the stability of the company's main consideration equity, corporate executives, researchers, fund managers and stability. .


Factors.


Zhu Yun SW fund analyst believes that the bull market should look for a moderate investment of coincidence degree. .


Fund companies, and the bear market in seeking investment heavy production fund company and the investment style is.


Fund company has always maintained, rather than as the market changes. 08 focus of the fund are:. .


The investment style of stability in the Middle, the similarity in medium or moderate slightly high interval, focusing on recommended.


The fund is Bo, the Chinese, Castrol, South; addition, promising GF, China Universal, Hing. .


Industry, the e, similarity, but set a higher investment risk. （PQ）TOP↑。.


ABN AMRO budget: a strong risk control balanced fund. .


【 News 】 Expo financial investment securities in the published report comments taidahe silver risk budget a mixed base.


Kim pointed out that the fund is the fund in February of the proposed portfolio selection partial stock funds products. .


Kind, because of the historical performance of the inspection, the Fund's risk control, is excellent, and investment management.


In low risk securities balanced style investment funds. .


Conservative configuration: light stock to bond.


In the securities that the fund investment style is balanced. Configuration conservative - Light stock heavily indebted. .


Vouchers. From large classes of assets, according to the 2007 quarter reported that the risk budget taidahe silver stock market value of the account.


The proportion of NAV 41. .2%, Far lower than the hybrid funds 74. .7% Average; bonds. .


Net assets accounted for 22%, much higher than the mixed-type Fund 9. .54% average level.


Fourth quarter of 2007, ABN AMRO TEDA Risk Budget carefully maintained since the beginning of the operation strategy,. .


Portfolio duration control at a lower level. Outlook for the first quarter of 2008, the Fund is of the view that the State should be cautious.


Degree of portfolio duration will remain neutral configuration, and maintain portfolio of highly liquid, strictly control the rate of interest. .


Risk and liquidity risk. In the bond investment configuration combination, taidahe silver bin distributer of main risk budget.


To Quanzhong government bonds and convertible bonds. Both the proportion of fund assets in the fourth quarter to reach the net. .


21. .28%.


Recommended reasons. .


1, in the same type of Fund, with unique risk budget investment strategy. The Fund owns.


The same types of funds in the budget of the unique risks of the investment objectives, that its investment portfolio in the building and. .


Adjust the risk before it is locked. Risk budgeting policies will be reflected in all aspects of the investment. A large number.


Number of applications of the before and after the risk control measures is an important feature of the Fund. .


2. from the history of performance at risk control. CIC securities analysis indicated that the Fund has.


A higher level of risk control and management. Mixed in 116 open-end fund in order to in recent years. .


Years of volatility, risk budgeting taidahe silver volatility in a minimum of 7 000; rate of return.


Standard deviation measure, also belong to the list of the least volatile. As of January 2008, ABN AMRO TEDA risk. .


Budget for the past three years, the net rate of return of the standard deviation of 1. .82 percent ranked the same type of Fund, the minimum value of 7.


Name. .


3. beyond yejibijiaojizhun. To compare the different historical period, taidahe silver have gone beyond the risk budget.


Historical baseline, indicating that the fund managers to obtain excess returns with the investment management capabilities. .


4. risk Tip: mixed-type Fund of risk is appropriate based on the volatility of the stock market.


History of the past performance is not necessarily indicative of future performance. (PQ) TOP ↑. .


Comments on the week's baby unit.


【Exhibition】 Fengle Seed Financial Report (000,713): continuous sharp rise from the recent days of the. .


Exchange of public information, the Agency did not participate, guotai Junan yangshupu road, longhua.


Securities Shanghai Zhongshan North Road, South Jiefang Road, Ningbo, China Everbright and other securities business department frequently list, which passed. .


The upper portion of the "commando", usually holding not more than one day, its rapid change hands is higher in the near future.


The main force unit. The company is the first listed company the seed industry, seed industry is dominated. .


Seed breeding, propagation, and marketing integration, cross-regional, cross-industry company, comprehensive strength and size.


Home forefront of China's seed industry. The long term, national policy to encourage the selection of varieties, clean seed market. .


Field, which will optimize the industry's dominant company's survival.


Hejia (600 093): put huge upside for 3 consecutive trading days, the open letter from the exchange. .


Interest, and no bodies involved, and by comparing the two seat information, 3.


Are located in Hangzhou, Shenzhen, Wuhan, the amount of sales department are buying tens of millions on, he sold tens of millions. .


A single throw. According to analysts, this is the portion of the fast forward and fast out of the ordinary, recommendations.


Investors take it seriously. August 2007, the company held by the Group into Wo Ka wholly owned subsidiary of Sichuan. .


Fly ball (Group) co., Ltd. 100% stake, fly ball group is the largest of the ball valve and health.


Manufacturers. Market rumors the company has further financing plan, Hejia executives were not denied. .


Lizhu Group (000513): report shows, the company completed 07 revenues 17. .5 billion.


An increase of 9 over the previous year. .91%. Earnings per share 1. .66 Yuan, up 232% over the previous year. .


The company also proposed to the shareholders in each of the 10 Unit found gold bonus 5 $ (including tax). But so good.


Performance before the annual "Jianguang Si" staged again, the transaction also released nearly two months of. .


The maximum amount. Publicly available information from Exchange, and no bodies seats standings, and company fundamentals.


To corroborate. Seats shipped mainly concentrated in Beijing, Shenzhen, hot money, the China Securities deep faith. .


Channel 9 road and CITIC Jiantou Beijing sanlihe two sales department sells a total of nearly 1300 million.


Dollars. Analysts pointed out that hot money may pay greater attention to bonus issue, not satisfied with the company's distribution plan, as. .


This choice to sell, but early supremacy lizhu group, its technical callback can also cause pressure.


A major cause of decline. (WYB) TOP ↑. .


【 】 Shareholders school.


Iron law of investment experts realize. .


【 News 】 Finance Expo 1, only buy upward, not downward trajectory to buy, if a..


Rising straight track, never held, never sell! . .


2. in the next upswing, then along the buy, the upswing has obvious change, sell.


Out. .


3. situation of the complex can not see, do not go in, pick a soft persimmon and kneading, investment as well.


4, do not put all the money to buy the same stocks one-off, even if you are very optimistic about it,. .


And subsequently prove that you are right, don't buy one. There will always be possible to buy more low, or more.


Good opportunity to buy. .


5. If you accidentally bought down channel varieties, quickly sold out, avoid losses widen.


6, if no losses, but quickly quit watching. .


7, is not a channel, simply do not see. It in the future, do not walk to.


Positions. Hao Zhao had no time to accompany them. .


8, win money, you lose when opening reduced code, if you don't want to die quickly and want to earn a block, that is.


The only way. .


9. do not believe that the performance, it only represents the past, does not mean that in the future.


10, the stock market is speculation in the future, not the past. .


11. do not always do short fantasy, every day. Frequent turnover, might bring you.


To pleasure, but will let you lose a lot of money, the only benefit is that the securities companies, but you will not have. .


Such a high level, you are not a dealer. Don't buy too many stocks, it is best not to exceed five.


You do not have so much energy to look at them. If you want to marry five wives, even if you do well enough, you. .


Also meet your wife. Bao story occurs only in fiction.


12 or not you buy a lot of reasons, not always! May also be cheaper! . .


13, rose in a lot of it is not you who refused to buy or sell. He also might rise higher!.


(YC) TOP ↑. .


How to manipulate short line?.


A financial news】 【Expo, have sharp market insight and sufficient time to read the tape. .


Second, to identify short-term market is hot. In fact there are a few units do not care.


Outstanding short-term market trend out of the market, and bring the whole plate. The object is to short-term operation. .


Select this type of widespread concern in the market but most people still hesitate to intervene not afraid to share.


Third, in the hot plate when the stocks must be selected to participate in the strongest trend of leading shares, and. .


Not for the funding of security concerns to participate or to follow the trend of buzhang units.


Fourth, from a technical analysis of stocks over short-term candidate to be the 5th line up and have some slope. .


Before considering the timing of the bid is the high amount of innovation Changyang line scaling back after beating the 5th line time stabilises.


Climate. But sometimes encountered continuous heavy volume of stocks, particularly heavy volume up low stocks, the next day. .


Volume ratio and zoom in several times, and dozens of times you can but the venue. Also, when you hold a stock.


End positions, the stock trend has just started, then I can safely intervene to do t 0, but not to expect next. .


Wushou city before it can reach the trading price of the stock with a rise of fantasy.


V, ultra short-term operation of the most important is to set the stop point. To keep in mind that speculative short-term, investment. .


Machine once failed to have the courage to stop the game, this is an iron discipline.


Sixth, to do more to set up a super short-term target. In principle, three or five one earned, 3% or. .


5% of the profits are out, the least you can become more! if Red k-line in your eyes turned yellow.


Gold extended indefinitely, then it is precisely when you most need out. .


7. super short out the principle that the stock price is rising once you are out of the downturn, the 5th line or broken.


Stock price is less than two days before (2-day moving average was flat), or the first three days (three-day moving average to go flat) when the closing price. .


Ran, which is the better approach. If you want to run at a better price can be determined earlier.


The shape is not a good situation daily, in line below the 30-minute session to 30 minutes 10 EMA. .


For the outgoing signal.


Pat, once you selected the ultra short-term stocks, you should do it according to schedule determined. Now. .


The ability to elect good stocks, but in the end own and no action. When you make any decisions and more.


Prior to believe that they should be more refined and systematic analysis, not let the so-called newspapers and websites. .


The analysts at reversing your mind!.

Welcome to subscribe to 2008, "Daily A shares refer to" long-term subscribers will enjoy excellent. .