Interest rate, so what? .Shanghai Composite Index exceeded 4,200 points.

<P> Main glowing red tape played crazy short squeeze trading broken two hundred billion </ P> <P> institutional funds entering today's large-scale short squeeze, push blue chips posted strong gains in the afternoon to stock up before the trip, stock index broke through 4100 in the morning .point level for the won to continue after 4200 lost in one fell swoop, Shenzhen Component Index also hit a drive high of 14,159.71 points near the market. .Stock index closed at 4214.63 points, or 3.84% or 155.78 points, Shenzhen Component Index rose 721.31 points at 14139.27 points, or 5.38%; cities turnover 235,810,000,000 yuan. .</ P> <P> After two days in Shanghai and Shenzhen in the digestion and reduce the interest rate hike after tax, although many analysts believe that today, or for A shares to raise interest rates to adjust Dikaigaozou, but it is .accident, the two cities will open sunshine, after the stock all the way Gao, stock index broke through 4100,4200 consecutive intraday point mark. .</ P> <P> whole line stocks, stocks fell less than twenty, only the daily limit of nearly a hundred, or more than 5% is as high as 670 stocks. .</ P> <P> observed from the disk to Industrial and Commercial Bank, Bank of China, Bank of Communications, China Merchants Bank led the banking sector, and by Vanke A, led by Poly Real Estate and other property stocks, blue chips led the overall rise .The market enthusiasm to do more to be activated again, the rapid increase of volume. .The first blue chip high, fully proved by the current round of market-driven nature of institutions; from a technical perspective, the current strength of the SSE 50 break, or will open up further space, which hit a deep into B shares .high. .</ P> <P> in the banking and real estate sector, the steel stocks led the gains today carry the banner, stocks boomed across the board, turns the impact of trading board, which turned sharply early delivery due to high steel has already pushed up the willow limit, iron and steel .lower stock market valuations trigger sought after. .ABN AMRO TEDA Risk Budget Fund Manager Xu Jie believes that the current downturn in steel prices, which is quarterly reasons. .After stabilizing the price of steel, iron and steel units will usher in a better investment opportunity. .But also from the valuation point of view, the steel is and international valuation standards one of the few industries, security is relatively high, down is very small. .He believes that the stock market the second half of the steel stocks may be the most explosive industries. .</ P> <P> and reduce interest tax would fund type of industry and company off the clear benefit of, the more prominent commercial class companies, liquor companies; international oil prices continued to rise, while stimulating new energy sector's strength .like Tianwei change security, aerospace mechanical and electrical have also experienced rapid move up, the company has a complete solar cell industry chain. .</ P> <P> As the market improved, the new shares by sector focus on short-term funds, such as China Ocean, Western Mining, Nanjing, Bank of Ningbo and other recent trends are quite good. .</ P> <P> But surprisingly, in the case of the broader market broad based, life and peace are both down today, but the agency reports that the two insurance stocks continue to benefit from short-term interest rate cycle and investment channels .gradually liberalized, the long-term benefit from the rise in long-period covered. .</ P> <P> Technically, the major averages continue after the market break the inertia ascribed, but the heavyweights of its continuing strong trend remains to be seen, the market outlook is still expected to average down to break back to explore the effectiveness of the requirements of recognized .. .Quick ascribed in the broader market, investors should not chase too much. .At the same time as the market risk awareness has been significantly enhanced performance is expected to follow will be the twenty-eight but partial, investors have to be vigilant. .</ P> <P> news of today: Today, investment fund manager survey in July showed that 77% of fund managers believe that the current bull market is still in the middle of only 4% of respondents believe that at the end of the bull market. .Fund managers over the next 12 months is also very optimistic about the market performance, 88% of respondents believe that the stock market will rise, which will significantly increase the number of options is 50%, only 3% of the fund managers think the market may be a slight decline .No one will judge the market fell sharply. .</ P> <P> China Securities Regulatory Commission Qi Bin, director of the Center 21 in Shenzhen said the SFC will accelerate the introduction of capital markets, long-term planning, the development of the full sum up experiences and lessons, learn and mature markets outside the experience of other emerging markets ., combined with China's national conditions and work out a reasonable development strategy and planning, to help clear the market long-term investor expectations. .</ P> <P> the State Council decided on the "interest income on savings deposits from individual income tax implementation of measures" to modify: "income from interest on savings deposits from individual income tax, reduced rate of tax rate of 5%. Reduced the adjustment rate .by the State Council decision. " .</ P> <P> changes also include savings deposits October 31, 1999 accrued interest income that do not levy personal income tax; savings deposits in the November 1, 1999 to August 14, 2007 interest accrued income ., according to the proportion of 20% of personal income tax rate; savings deposits in August 2007 after 15 interest accrued income tax rate of 5% according to personal income tax. .</ P>.