Shanghai and Shenzhen 300 Index next year have at least three into.

<P> "Conservative estimates there are 2007 in Shanghai and Shenzhen 300 Index more than 30% space." .Since yesterday held at the 2007 investment strategy report, Hai Tong Securities to the Fund, insurance, social security, and hundreds of institutional clients such as QFII expressed this view. .</ P> <P> Hai Tong Securities chairman Wang Kaiguo pointed out that the macroeconomic continue to improve, hot money is very abundant, quality of listed companies has improved steadily, RMB appreciation accelerated phase of the case into 2007, China's capital market will continue to .is magnificent. .At the same time, the future implementation of new accounting policies, many listed companies will be a substantial increase in net assets, but also help enhance the valuation of listed companies. .Wang Kaiguo also said major clients in contact with overseas, many large international financial groups and institutions want to invest in the Chinese market. .China's economic growth in the global economy will lead to the historical position of global capital into China to promote China's capital market into a new stage of development. .</ P> <P> Hai Tong Securities in the strategy report that, in 2007, ample liquidity situation will be further extended, the stock market funds face will be in a more relaxed state. .Although since 2006, A-share market has soared, but from 2006 to 2008 listed companies in Shanghai and Shenzhen 300 is still expected to maintain high profitability of the average annual compound growth rate of 26.9%, making the Shanghai and Shenzhen 300 valuation at a reasonable level. .Conservatively estimated in 2007, the Shanghai and Shenzhen 300 Index is still room for more than 30%, while the next batch of blue-chip blue-chip companies listed on the rise and growth of A-share market will further consolidate the basis for the bull market. .For the investment direction, the company mergers and acquisitions continue to be optimistic theme, the theme of independent innovation, while promising assets into shareholder, management incentives, and tax reform and the new accounting system and other system-level changes brought about investment opportunities. .</ P> <P> the Hai Tong Securities Chung Lin, general manager of investment banking, said that wave of consolidation in the central enterprises will look for blue-chip market opportunities. .The current total of 161 central enterprises, first half of 2006 profit up 16% return on equity of 9.7%, 9.32% more than all of the level of listed companies. .Currently, the central goal of enterprise integration of the four focus, first, to the national security and economic lifelines of important industry concentration, and second, to have a competitive advantage in the industry and may form the areas leading industry concentration and the third is to have a strong international .competitive focus on large companies and enterprise groups, the four main business is concentrated to the central business. .The main ways of privatization under the relevant listed company, industry chain integration within the group, the overall market and asset injections and other groups or mergers and acquisitions of listed companies assets. .Among them, the assets of central enterprises will be integrated into an important way, through mergers and acquisitions, the central enterprises to achieve more competitive, market monopoly, or the purpose of integration of industrial chain, and part of the A-share listed company may become a central rate financing and M & A platform. .The future return of overseas listed companies, industry chain integration, high-quality asset injection, M & A and other patterns could lead to the birth of blue chips. .</ P> <P> </ P>.