Yesterday, CITIC Securities, shares and other six Nelson pilot company also issued a public notice, will be held on stock reform programmes and the electronic Investor Conference scene, listen to the investors on the company's stock reform programme, which marks and investor communication activities gradually peak.
At the same time, the Fund of the United Front stick together are beginning to collapse. Not long ago the Yangtze power in Beijing, Shanghai, Shenzhen hold unit into pilot Exchange, Fund of intent between the different attitude after the city was in fact formed many empty confrontation of the two camps, with the first round of many empty account.
Draw a long electric disputes-out camps
Since may, the unit into the pilot began the first company to debut, and Shanghai stock market crash once more than 13%. The Fund is the main stocks become short, behind the show was successful in positional warfare has gradually been abandoned, institutions, Fund of panic selling involving large disk. However, the real show events should fund differences occur in early June.
Yangtze power almost denied rumors of a pilot, the company management is divided into several different parts of the road on a trial basis for institutional investors to touch up. Many involved in the communication will fund managers on the power of hard-line attitude very dissatisfied. In particular, the power of the Yangtze River in Shenzhen, superior attitude of grievances incurred by the Fund. On the day of the Yangtze power to each Fund remain only half an hour, and clearly indicated that they would not let the pilot, in the worst way by warrants. Although the Fund Manager of the strong opposition, but the attitude of the Yangtze power really annoyed these institutional investors. June 10th, with Shenzhen Changjiang electric institutional investors on the day of their private communication, according to industry sources, the Guangdong region Fund to sell millions of units of a large number of Yangtze power to suppress its stock price. Day Yangtze power dropped by more than 3% of the turnover of 80 million shares, thus reversing the rebound momentum, a 4-disc surface.
Sell Yangtze power of Fund Manager shows your own impact plate surface strength, but also on the power of intention to constitute a pilot project. But what do empty Fund unexpected is that other Fund taking advantage of the massive power of the Yangtze River fall, which will absorb the Yangtze power of stock price stability in the $ 8. And public companies "vindictive" Fund, and did not receive peer support in action. In 42 stock suspension begins after the city after several empty expected differences, are becoming increasingly apparent. If a geographical breakdown, in General to Northern-dominated many camps, from the height of the system transition to understand recent much good, firmly believes that the market had already embarked on a comprehensive channel; empty warm up party in the South region is obvious, from a macro, the valuation industry prosperity change and chaos, etc., that remain difficult to grasp after city, pessimistic.
Great bull market all camp vision
The Fund's optimistic on behalf of the first Fortis haitong income fund manager Zhang Wei and gratefully, Manager Zhaodanyang. Zhang Wei, see management spectrum push good, but people still very pessimistic, largely due to long-term bear market mentality is not reversed. In the current market needs great bull market under idea. But history will prove, as markets rise, repeatedly demonstrated market cannot rise experts, will automatically join the demonstration of increased the ranks of inevitability, it has been confirmed by various market. Based on the macroeconomic soft landing, a stock market with the right to property and valuation level of blue chips, he believes that currently published few had good will in future form overlay effect, promote the market entered a bull market. Market known as the "dead Bull" zhaodanyang also from comparison of domestic and international capital market, GDP and market indices of relevance, United States and China cyclical industry learn from each other, the analysis considers that now is the time for institutional strategic barn.
Whereas the rear city pessimistic prudent agencies invariably mentioned contraction condition changes of corporate earnings, and valuation in the reform of the chaos of the interference. A Fund Manager said that many policy failure and rescue pilot shares second startup market may face the exact situation of imbalance.
In particular, Baosteel power and Yangtze River (information market Forum) pilot is to safeguard the interests of the State-owned assets and to obtain shareholder approval circulation, coordination difficult. In the payment of the consideration is difficult to determine, in the city more need to consider risks.
Stocks to look at the policy's face
Many empty confrontation, but both sides on the macro-control of real estate are considerable attention, different is empty party saw profit decline, supporting stock prices increasingly bleak fundamentals; but many are from real estate regulation see countries "at hand". Last year the national to the iron and steel, aluminum and so on cooling and the regulation of real estate at the beginning of this year's heavy hand, the Government's determination. In management's true gold, declining House prices finally entered. Also in the stock market, the Government indicates that the market to take a good attitude, and award-winning out good. In a large number of blue chip companies to "break the net", earnings record international minimum standards, as long as investors confidence in the stability, the market will change to decline, and thus a wave of strong uptrend.
Many reasons, in addition to A unit and the H-share market exist structural difference will not be able to draw on, A unit of power, trade stocks see policy is also important. Optimistic party believes that the 2007 China will celebrate with the Conference, 2008 will celebrate the Beijing Olympic Games, the 2010 Shanghai World Expo will be ushered in. This series of events to the Chinese economy will be at the end of 2006 or early 2007 a new round of growth period. From a macro perspective, people's Bank has been the lead progressively towards a neutral monetary policy, real estate, a soft landing. Policy in the face of the market's positive impact will gradually restore investor confidence, laid back city strong foundation.
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