July should not be too pessimistic look forward to "stabilization fund" rescue.

A shares sell into experienced after two consecutive months, many analysts believe that after the oversold decline has been very limited space, stage a rebound expected to start at any time, but do not expect a reversal, because "the macroeconomic trend .is to go down ", a number of market participants are still counting on a bailout. .Among them, the "stabilization fund" is considered to be win-win choice. .<P Align=center> July should not be too pessimistic </ P> <P> stuck with the investors, said a few deep, "now associated with all aspects of the economic news is not good, the hands are what means the stock has dropped anyway ., simply throw on one side does not read, will one day come back. "</ P> <P> compared with individual investors, institutions for the second half of the stock market is relatively optimistic about the situation clearly. .</ P> <P> GF Securities analyst Guo Yong, chief strategist, said, "I think the market should not be pessimistic in July. While pondering the economic situation is bad, can not predict too far back, but in the end will prove a lot of .people are too pessimistic. "First, the fundamental situation of China and Vietnam is different from the current macro-control measures followed by the negative impact is not as great. .However, domestic investors do not think so, and their emotional and very serious. .So much of index or emotional problems. .The government and the management has to appease emotions, but this requires a process. .I believe that with the stability of market sentiment and the market price to further reduce short-term market conditions have improved. .</ P> <P> SW Chen Li, chief strategist, said, "opportunity to stage a rebound is likely, because there will be a correction after the procedure oversold, '98 Hong Kong's financial crisis', so when the stock market has not .big drop. "</ P> <P>" Recently since the market was down for the panic. In fact, from a fundamental perspective, the situation has not thought so bad, although the growth performance of listed companies is expected to be lower than many .But in general, is still in growth. "days congenial chief strategist Chouyan Ying Gu said the financial sector listed companies is expected to grow by at least 50% this year, profits can be a lot of stocks have price-earnings ratio of only 11 times, compared with thousands of points is not normal .market conditions, price-earnings ratio of 13 times the average is lower. .Meanwhile, some industry boom and high growth in a very good quality small cap stocks also plummeted at virtually no cost was victimizes, already has a short-term investment value. .</ P> <P> Guo Yong, said they have found an attractive industry and stocks. .He said, "Despite the macroeconomic and uncertain performance of listed companies expected the occasion, concluded that the current valuation levels have been too early to definitely low, but now the market has indeed been a lot of cheap stocks." </ P> .<P> According to reports, the current A-share market dynamics only 18 times earnings, the overall level has become more reasonable valuations, and many there have been oversold stocks, and the medium term, the valuation of the role of support will gradually appear. .</ P> <P> "I think the Shanghai Composite Index fell to 3000 has been reasonable, regardless of the cost of continuing the recent decline was mainly the result of emotional groups. The Shanghai index soared to 5000 when the people do not panic, but added now 2000 .more panic. This is sad, but normal. "a Beijing-based private equity fund manager Mr Lee said. .In his view, the current stock market "no problem", the market is in accordance with the normal operation of its own laws. .There must be non-rational irrational plunge after skyrocketing, of course, will also appear after plunge soaring, this rule is not broken. .In the most pessimistic when retail is to sell all to follow suit, or through careful assessment of the backhand to buy cheap quality stocks, investment philosophy and level of which is the most direct expression differences. .</ P> <P> circle of private equity in Beijing, Mr. Lee for many years the value of the investment model of care known. .In the Shanghai Composite Index climbed to more than 5,000 points, the sound very promising market, he was in the hands of short-selling chips in batches. .And now he is fully admits that he has been in a position is opened as "a major trading opportunity has come." </ P> <P align=center> prospects remain bleak </ P> <P> "the most, including us, .optimistic investors, only that the rate of economic decline was not as bad as we imagine, but no one will be better next day. No one said the level of economic growth in 2008,2009 and 2007 will be more than 2006, so we always want to embrace .with caution, because the big trend is down. "Chen Li said. .</ P> <P> Chen Li said investors continued to sell the policy, to today's point of view this strategy is correct, because the economic indicators in the surplus or whether the rate of inflation so bad, but there is no current .turn good sign. .</ P> <P> Chen Li says the market's decline reflects investors two judgments: first, the relationship between capital supply and demand imbalance. .Restricted shares since the beginning of the ongoing financial market sell-off led to tight supply, the market fell further and financial markets will cause a decline in the size distribution and a marked decline in subscription funds. .So supply and demand is not very optimistic. .Second, the country's economic growth prospects and business concerns. .Trade surplus shows sharp drop in foreign demand is not high, the domestic economic growth is also slowing, in the monetary tightening, we all feel very short of money, domestic demand also declined; On the supply side, inflation rate, .International oil prices also appeared difficult to explain the sharp rise. .Therefore, the Chinese economy and corporate growth prospects are not optimistic. .</ P> <P> "Shenfudiaozheng after, A-share market is still strong pessimistic, shrouded in fear. If the policy with the poor, market confidence has been further damage, until the stock market lost investment and financing functions, .Government backed bailout costs to think about too much. "Chouyan Ying said. .</ P> <P> the regulators have repeatedly said, "not for the stock market" and to raise the deposit reserve ratio to tighten monetary policy, market participants also raised the question: Every time the deposit reserve ratio increase has led to the stock market's continued strong .down, exacerbated the market panic, how can that not affect it? .</ P> <P align=center> "stabilization fund" rescue </ P> <P> although "policy market" has been the market has been criticized, but many market participants are currently still have a strong government bailout .expected. .</ P> <P> "This is because the policy on the regulation of the stock market has been routine, the market is also expected to have cured the. Current panic in the internal and external problems under the guidance of the stock market has been difficult on their own out of the woods, the market .the need for policy, at least the basic expectations of market confidence and stability. "Mr Lee said the aforementioned private equity fund manager, even if the Government is determined to change the" policy market ", it should select the normal operation in the stock market when the moment is a shot not a good time .. .</ P> <P> Guotai Junan strategist Zhang Xiu Qi also believes that the Government will not set the expense of financing function of the stock market, so the possibility of bailout policy will be relatively large. .</ P> <P> the recent rumors continued margin policy, because the short term will increase the risk of side effects can only be brought to the market, so that the current introduction of a number of market participants is unlikely. .</ P> <P> "In fact, many policy measures to rescue the market, first, the window can guide the team approach, self-controlled brokerage, funds, social security and other institutions to buy and so on. Alternatively, you can introduce some innovative .policies, such as approval of the stock market stabilization fund, the state-owned listed companies buy back stock, to further standardize the size of the non-reduction and so on. "Zhang Xiu Qi said. .</ P> <P> a number of market participants referred to a "stabilization fund" This rescue card. .A public fund manager said, "only the government played a timely rescue to guide the market out of the card down irrational." He personally believes that "stabilization fund" shot will be a win-win choice. .</ P> <P> Chen Li said that the current situation, there are some funds if admission would have been better. .</ P> <P> "Government issued a billion stabilization fund disk access should be simple and effective choice." Mr. Lee said that this policy not only from both capital and market confidence and stability, inhibit panic, but in the current .absolute valuations cheap, the Government funds into the market is almost a sure win, there is no risk. .</ P> <P> It is understood that the so-called stabilization fund, also known as intervention fund, referring to the government through a specific organization? Commission, Ministry of Finance, Exchange, etc.? Way of a statutory fund established by the securities .Reverse operation of the market, pressed market volatility in order to achieve the purpose of stabilizing the stock market. .</ P>.