Eight hundred million cash in the stock market downturn Zhejiang ferocious winter grain storage.

By the impact of macro-control this year, Zhejiang's manufacturing industry has been facing unprecedented in terms of funding difficulties. .To this end, many businessmen in Zhejiang have cash in their holdings of shares in listed companies, the "national sport" has recently been surging trend, turned into a "collective project." .Zhejiang groups <P align=center> stock market holdings </ P> <P> (http://) Recently, Zhejiang capital holdings in the stock market has become a population trend. .According to incomplete statistics, as of July 23, nearly thirty hands of Zhejiang have stock holdings, a total reduction of about 6762.27 million shares, the total cash in the cash market value of about 8 billion. .Reduction of the largest companies in Zhejiang Province, which Hydropower Investment Group Co., Ltd., Qianjiang Water Resources of the shares to underweight, about 1091.18 million, cash of about 130 million in cash. .</ P> <P> 2007 年 9 11 to July 23, 2008, the second largest shareholder of Xi'an Tourism Investment Advisory Co., Ltd. Zhejiang Jiang Bohong sell the shares held by a total of approximately 620 million shares, still holds some shares .2330 million, accounting for 11.85% of total share capital. .</ P> <P> 2008 年 6 月 26 日 lift restrictions on sales to the July 28 closing, Xingning City, Zhejiang Province Finance Bureau Shanghai Stock Exchange trading system through the sale of the Guangdong Pearl tradable shares of approximately 355 million shares ., accounting for 1.04% of total equity. .As of July 28 closing, the council is still holding about 1887 shares of Guangdong Pearl, accounting for 5.52% of total share capital of the company, including shares of restricted circulation of about 534 million shares, tradable shares of approximately 1353 million ... ... < ./ P> <P> in a book called "How to Make Zhejiang," the book said, Zhejiang has "a fellow pro, money we earn," the point of view. .Zhejiang businessmen invariably carried out a wide range of holdings of cash just have confirmed this view. .We all know, is another feature of Zhejiang mercenary, was on a card index, Shenzhen Component Index has seen a rise upward trend, which also led to interest on the first of Zhejiang after another action, this time a large Zhejiang .reduction of the scope of cash, will not be brewing Zhejiang is greater investment in Tuen money, printing of a sound guess. .</ P> <P align=center> manufacturing recession from disaster? .</ P> <P> recent one to two years, export manufacturing enterprises in Zhejiang increasingly difficult living conditions, and many rely on leather goods, furniture and other manufacturing industries are faced with the fortune of the owner of labor costs, the RMB exchange rate, bank interest rates, .export policy adjustments to the new situation. .Rely on cheap labor to obtain Gone are the days of high profits. .Promotion of SMEs in Wenzhou City, president of weeks German the word points to the difficult situation the industry: "twenty percent of the companies in the cut or half suspended state." And that a wider range of holdings of cash in Zhejiang .Behavior is perhaps a microcosm of Zhejiang manufacturing recession. .</ P> <P> Zhejiang has a deep understanding of the macroeconomic Lu Chen, senior analyst also said that more or less large-scale reduction and the recent recession on manufacturing industry in Zhejiang. .</ P> <P> but more the behavior of listed companies in Zhejiang reduction, reduction of both companies in Zhejiang or various aspects of most listed companies in that reduction is a normal behavior. .Such as the Deputy General Manager Wu-day Qianjiang Water Resources has said that the reduction in the outstanding shares of the market is not what effect the stock price. .The attitude of each listed company to some extent, seem to verify the reduction may not have much impact. .</ P> <P align=center> cash flow of funds R & D and innovation? .</ P> <P> 8 亿元 in the end gone? .Industry speculation, Zhejiang may be out at this difficult time part of the funds as a "tell your" and adopt a wait and see approach to monetary tightening to meet the immediate situation. .Wait until this particular time in the past, these 8 billion of funds there may be re-outflow. .After all, most of the cash holdings of the companies are SMEs, the capital chain is not strong, in decision making is likely to lead to capital chain rupture. .Coupled with the slump in manufacturing exports, it seems this time, the safest way is to cash out the money on his side, to wait at Plaza to find the best shot opportunity. .</ P> <P> another speculation that for the present situation Zhejiang, well aware of its need to upgrade the manufacturing industry, not just rely on cheap labor, more importantly, requires a lot of money to go into manufacturing technology .R & D and innovation. .800 million of funds may only be an input signal, and more 800 million yuan will be at the right time also went into the research and development ranks. .This is mentioned in Zhejiang and industry analysts like the "live money" point of view is also more consistent. .</ P> <P> However, according to Zhejiang reduction of the information found above, except for a few large companies outside the reduction of the amount, more enterprises have retained some of its listed companies in the holding power. .Since the reduction of cash to a wide range, why would leave some of the listed company's controlling stake in it? .</ P> <P> Chen Lu said that Zhejiang will never give up their long-term focus of interest. .Printing of speculation, most of the Zhejiang still want to open up a new battlefield in the short-term interest earned, they also did not forget him digging in the Listed Companies in long-term benefits, this driven by the interests or cause a considerable portion of the funds Zhejiang to stay .in the listed companies. .</ P> <P> However, the flow of 800 million yuan of funds in the end, what place is reserved for technology development or temporary remains to be seen can be secured. .</ P>.