China's stock market as foreign investors start again (2009-02-172243 55)

 China's stock market as foreign investors start again (2009-02-17 22:43:55)
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Category: Thoughts Zatan
China's stock market once again, foreign investment in China started
Zhang Hongliang
the stock market starts again, the relevant media is a joy. But different from the past is that this market just a start, it caused people anxious academic integrity, the following when the ice attached to the The usual style, evident in her view, how serious it is. Originally, the market rally is a good thing, as financial commentators the two should be happy, but the contrary, China in the financial field which is superb golden sword child teen idol, the face of rising stock market, just like the roar of the train toward the children playing on the tracks like a screaming panic. Ye Tan struggling to greet the train roaring call up parking, do not continue to lift the stock market; when the cold Ice is urgent to teach small and medium investors hedge method, in an effort to drive the child apocalyptic play away from the track. two of them is the real liberal academics, justice, for justice, for the weak, would prefer to have blood spattered brave five-step Sword. If alone, they all are expert Fate, as when the ice and leaves in front of sandalwood, if two two-pronged approach today's world, rarely Mismatched Couples. However, in the great social disaster, they are powerless, often without the Hendiwuhuan Hentian the end can only listen to heaven to make personnel and nothing more. liberal scholars, a place to admire in this, their anger is also here where the coaching.
to Take the current Chinese stock market, no matter how many leaves Tan loudly, they can not block the rolling stock market iron wheel, no matter how many warning when the ice frequently, it can not change the last stock market crash will bring hundreds of millions of people Caucasian. previous artificial stock market crash as the same, the man pulled the stock market is also a pattern of international competition and the interests of the comprador group decision. If in the U.S. financial crisis, the Chinese place great stock market crash did not somehow lost 20 trillion, today China-US economic pattern and the pattern of Western economies to be rewritten, Chinese enterprises will be parity with huge advantages of equity, foreign mergers and low cost expansion, expansion of Chinese enterprises during the merger will naturally spend a lot of dollars, the Chinese people lot of hard earned foreign exchange assets into physical assets, a substantial increase in people's income level, shake off the colonial economic structure, the formation of world-wide in the Greater China economic circle, lay a solid rise of the century the Chinese nation's economic base. However, a inexplicable crash destroyed everything, not only destroyed the historical opportunity of China's economy transformed itself, even with the financial crisis had nothing to do with China, the financial crisis became the largest country in the loss. China 2 trillion in foreign reserves most are still only a U.S. revenue for the U.S. economic construction and people's lives. Now, the same for different means to combat the Chinese began. by pulled the stock market, the economic development of China trillions of investment the stock market to plug the development of China's economic transformation and upgrading of roads, and strengthen China's passive position of the colonial economy, the same time, trillions of investment in China can, through foreign cash, converted into United States and Europe and other Western countries, wealth can be described as a very clever double-edged sword .
2008 end of the year, foreign investment in China in less than one-tenth of the market price for a large number of stocks have entered the lifting of the ban period, this year is a year-round ban. The so-called lifting of the ban period, is the name of foreign strategic investors had to buy low-priced stocks, have been held to maturity can be easily bought and sold. Since these are mostly foreign shares to buy more than 1 yuan, relative to the current average of nearly 8 per share price shot you can get amazing profits, which is why All foreign investors in the financial crisis, including the bankruptcy of many U.S. companies, are the reasons to get rich in China, driven by the staggering profits, foreign investors began to cash in a large-scale activities, cash only UBS large state-owned companies in China stock, the last 2 months have more than 10. As the stock of foreign capital in China to cash in huge amounts, only a few major banks holding the stock for more than 110 billion shares, the stock market, foreign investors hold the stock together, the market value estimate about the trillion yuan. give this cash on the stock pulled trillion market, you have to need someone to buy disk access, but after the great stock market crash in history hit by rare, the majority shareholders of the fund is wiped out, running out of funds but also as frightened away a case of selling immediately. In this case, the foreign share of the trillions of profits simply can not be realized. To successfully realized, there must be a new disk access huge amounts of money into the market. on 2 months when the Swiss UBS, Bank of America, Royal Bank of Scotland and other foreign cash when large-scale sell-off, or the Chinese and other domestic financial institutions, investment companies responsible for disk access, to ensure the smooth realization of these foreign funds, satisfactory away. Later, as trillions of shares held by foreign investors into the stock market have cash, access alone is responsible for domestic financial institutions is the force of the plate is clearly difficult and, therefore, a large-scale credit funds just like a flood gate opening into the stock market, a wave of vigorous rally started. Jan. national scale credit funds, the Great Leap Forward in the last year in December on the basis of money to double, from 8 billion increased 1.6 trillion. had 2-year development plan for 4 trillion in investment, scale and is shocked the world now actually the first year of the first month to spending 1.6 trillion. According to this scale and speed, the Chinese people more than 20 trillion in bank deposits was soon back into the stock market through the funds, and through the stock market into foreign and powerful assets. If all previous market turmoil and the stock market crash just hit the head of shareholders, then the size of the foreign and manipulation of non-cash and the formation of stock market crash, investors will not only China's disaster, but including Chinese investors, including all the people of the disaster. Maybe some people will say that we alarmist, recall that in 2006 the market for fraud, collusion, we stock market crash will be tragic end, but also suffered many accusations and even cursing. and then compared the results of the evolution of today's market will be even more frightening. when credit funds into the stock market just quietly, and today is openly credit funds into the stock market, and smooth flow of foreign capital through the stock market and the pockets of rich and powerful.
China's stock market was able to start paying for the foreign key is that the interests of the Chinese and foreign financial comprador is consistent, not only is the general consensus, and form a community of interest. stock market, the size of the non-typical is this community of interest. The so-called size of Africa, after we have said many times, that is, those that cost less than a dollar a state shares legal person shares, there are currently more than 1 billion shares, in addition to the SAC has that part of the state shares, these have largely fall into the size of the cap, lower the hands of the rich elite, some of which fall into foreign hands. The size of the non-stock dividends their investment through long-term, long recovery times or even ten times the cost is completely zero cost shares, more strongly than the desire of foreign cash. In other words, China's stock market is not only much-needed cash in the hundreds of billions of shares of foreign stocks, as well as the size of a trillion shares have moved into cash in on the Definitely, this last trillion, the size of non-equity shares have been falling into the hands of dignitaries and foreign investment at least 20%, the market value of about 2 trillion, a trillion plus market value of foreign shares that only needed cash in the hands of foreign investors and dignitaries have at least 3 funds trillion, and not 3 trillion virtual assets, but the 3 trillion in real money, cash assets of 3 trillion. And with the 3 trillion in cash assets is only a mere handful of people. Marx once said: 300% of the profits of capital to dare to commit any crime, even at the risk of twisting the head of risk. the profits of risk willing to take the first twist, then the size is not so astronomical for an astonishing wealth, enough to make any traitorous comprador traitors willing to embark on the road. and this astronomical wealth enough to buy any media for their services This is also in the print media more and more scholars of Chinese patriotism the root causes of helplessness. look at the recent UBS, Switzerland's active in the Chinese market conditions, internal and external forces will feel the contact and influence. Swiss banks concentration of funds around the world where corruption, corrupt officials naturally become the world's most feared forces, corrupt officials have absolute dominant role. In recent times, UBS is the most active of all foreign financial institutions, frequently Many Chinese large state-owned enterprises to sell shares, such as China Shenhua, China Aluminum Industry, China COSCO, Bank of China, China Petroleum, Jiangxi Copper, the New World, China Telecom, China High Speed Transmission, etc., without exception, all of these stocks cashing in full, while the same investment in the Chinese stock investors, and UBS has an investment in the rest of the world, like, thanks to a mess. especially the selling of oil stocks to earn hundreds of Chinese yuan, the media have been debating whether the violations of law endlessly, no matter how controversial the result, not change the fact that it is: foreign oil from China on the UBS earned billions, the Chinese investors have been stuck in China hundreds of billions of oil money.
If you are on the State isolated from each other isolated position, the current market China's stock market can explain a simple rebound, after all, fell from over six thousand one hundred points more than sixteen hundred points, even from a purely technical analysis point of view, the current The rally point is also part of the normal. But for now, the Chinese economy and the stock market in terms of the actual situation, an increase of the internal market does not rebound from the force, but rather the result of manipulation of external forces. This external control not only of funds from the credit reflected on the changes from the stock market ups and downs inside the plates can also be reflected on the changes. This round of the market a compelling feature is the anomaly of rising plate. such as those of non-reduction of the size of the stock, regardless of point of view or from the market expectations supply and demand perspective, the stock should be falling, but in fact these stocks are in the rose, is very obvious in the use of credit funds disk access cash, pay for themselves with bank funds. more of the problem is the pharmaceutical stocks soared. countries The introduction of health care reform plan, indicating the price will drop medicine, pharmaceutical companies profit margins will decline, the company stock price should fall. But pharmaceutical stocks have seen a stunning surge, and even some of the stock price had risen to six thousand points or more. Obviously, medicine and health care reform soaring share price divergence between lower drug prices, reflecting external factors will certainly be some kind of health care reform can offset the price factor, at least those who can affect the price of institutional investors believe the existence of such factors. This factor has only one pharmaceutical company in China may be foreign merger, with new drugs to replace the old drugs, will be astronomical royalties into new drugs, even under the surface of the cost of the approved prices, pharmaceutical companies can still earn huge profits. And shoddy counterfeit and toxic products in China, but also for foreign control, including any of the pharmaceutical industry, including industry, has created the objective conditions in China. Recently the fall of China's dairy industry is a typical example. the recent surge in pharmaceutical stocks, that someone is the pharmaceutical industry had an income in the bag, to have such a lofty strategic planning, can only be derived from competition between the West's grand strategy.
China's stock market is currently growing the country into passive condition. First the drawbacks of the stock market reverse distribution of wealth has become increasingly prominent. The stock market could have been achieved and the wealth of capitalist society means mass; ways to attract external wealth. China is completely the contrary, in the public's wealth to very few who are rich concentration; in the national wealth transfer to foreign countries. the stock market has completely become a powerful foreign and private capital, purse, than the cash machine is also convenient. Second, the distribution of wealth and indulgence reverse the formation of stock market fraud, social conflicts, increasingly The more a bomb threat to the country's political and investment to retail investors as the main structure, so that hundreds of millions of investors are threatening to become a financial center of the hostages comprador. Last year, Wang Yi is a typical example of double-track, had dual Wang Yi is to combat financial corruption, defend the country financial security of the breakthrough, but it met with strong resistance to financial comprador, the four million shareholders as a hostage, put die in the posture, the stock market tumbled 11 consecutive days out of an unprecedented 11 Yinxian. The results, from 4 million to investors All died in the market, in order to avoid frustration, be forced to compromise, grab a hapless would hastily withdraw troops Ming Jin Wang Yi. Third, there may destroy economic restructuring and economic revitalization plan in November last year, in January of this year, bank credit funds double the rate of increase per month, November 4 billion, December 8 billion, in January and increased to 1.6 trillion. a significant portion of new loans into the stock market, if you do the same down, trillions of investment is not a transformation of the real economy but into the stock market stocks, the result would be unimaginable catastrophe.
Chinese stock market has reached a serious time to rectify, at least not to destroy the country's economic development market. Perhaps some will ask, stock market crash investors due to loss of how to do? shareholders the size of the loss can be re-assigned and non-financial innovation to solve and should not be resolved through the lift the stock market, boosting the stock market can not solve, the results of lift force can only be caused by more intense stock market crash.
see when the ice and leaves the following article Tan.
has set foot on China's stock market frenzy when the ice track

as the fanaticism of various measures to stimulate the economy, the stock market has been completely set foot on the track of fanaticism.
to play sports the way to do economic decisions, in our land, has been repeatedly staged.
benefit analysis of the results:
a future stock market movements, more than many people expected. crazy unilateral City (continuous surge or continuous fall) may continue to be staged alternately. ZF take the lead in the concept of speculation, making the stock market in the , re-hot capital market to absorb the funds derived from the real economy, while the newly issued currency, just fill in, slow the market's perception of inflation, so that people totally unconsciously suffered the pain of shrinking assets. and other awareness that time, and all are late. What a clever arrangement!
three, only the stock market madness, to chase a faster pace aroused the desire to sell into to a much shorter time to generate more income, then, can restart the IPO, and can be looted for the future create the conditions for closing. retreat break. subtle matter to!
to grab small and medium investors in the market for the fast, passive position of the investors is always difficult to change. because Some rules can not follow the rules themselves can change at any time, information is a serious lack of transparency. I had previously repeatedly stressed: improvement in the system before the stock market will not leave any time is the worst choice, gains and losses for the time being aside, put an end to the energy and time, loss of health, and even harm family, are difficult to measure with money.
recommendations:
one, at this stage, if you want to earn money, you can comprehend my intention to mention to only the profit law and stop method, which is proved to have some effectiveness. good use in this way, you can better avoid risks, to ensure that benefits mm for individual investors, there is no more effective tool, because you Trends in operation with the people looking at you game, your every move is transparent.
Second, do not under any one's blog or article to determine their own investment choices, pros and cons of different information to refer to, by their own screening, and make judgments.
Third, a good grasp of rhythm, note hot plate, only speculation in the market, to enter can only be speculation. However, risk aversion point of view, resources can still be the preferred mm If the quilt cover, inflation will come earlier than the release of other sections.
four, with them. especially the stock market showed the characteristics of the crazy irrational when, the flow is the best option.
I is a relatively conservative investors. In December 2008 book, Initial validation of this view, while the global trend of resource prices will eventually test the judge. But China did no better in the real economy, the future will further deteriorate the situation, resource investment goods such skyrocketing, can only be understood as the result of manipulation and the bandwagon effect, which fully proved the Great Leap Forward movement of our stock market-style features.
Preview:
global inflation may be coming faster.
January 16, 2009, I make time for analysis. But then, in accordance with the interests of analysis to determine the price of gold will have to step down and Obama correction to the incoming Bush transition zone several times in the previous lecture, I mentioned several times, gold prices waiting for Obama, Obama came to power, the price of gold will be out of the wave of gains. Thus, on Thursday (January 15), I recommend a few foreign friends after the opening bell at the New York Metal Exchange to buy gold futures, Meanwhile, the proposed initiative to help Mr. Zhou Xiaoming Department had asked a few friends and friends to buy the domestic gold price trend of the two gold stocks hh , the gold price will rise a full analysis of this conclusion, my conclusion is: Obama as U.S. president, the international price of gold will be out of the wave of rising prices, and set a record during his tenure. However, international gold price to rise so quickly (only a slight adjustment period), still the world would be surprised. It also reflects from one side of the pessimistic expectations about the future mm is the so-called rose gold in troubled times. Conversely, gold is up in troubled times a snapshot.
inflation:
analysis tools with the interests of the judge, will be ahead of the arrival of global inflation.
local areas of China will be the first harbinger of inflation exposed.
future trend analysis:
recession will continue for some time, and in some areas ahead of the arrival of inflation each other. the United States the first to achieve economic recovery. China's earliest experience of inflation, the economy suffered greater hurt and pain. One reason is that: global power game in the interests of all countries in the first, only a very few countries, face first, and Siyaomianzai living death is difficult to change the law. Moreover, to stimulate the economy must be rational, and can not be a crazy gamble, and even outlaws style.
reminder: I adhere to the public good writing, I can not waste the transaction reference or basis. accordingly nothing to do with my investment decisions. I have no time to accept the investment consulting. any person by their own investment choices should be integrated information to make the parties. (with map Note: The figure mm stock ten years, eating and drinking do not spend. Below: cross-sectoral restructuring, with a new concept in rural areas, environmental protection, energy conservation and new energy concept, high-tech concept. China's listed many of the company's restructuring was originally the concept of speculation, the final outcome of the general as shown.)
2009 年 2 月 11th night dramatically pulled the stock market
stop
Ye Tan
If, in stimulating the economy The first stage, the need to boost the stock market to maintain market confidence, then the Sturm und Drang in the stock market is poised to continue large-scale investment in the stock market, making China's stock market valuation system was placed on top of the world's lake, will lead to unpredictable results.
2 9 February, the two cities of more than 230 billion transactions a day, a record turnover of nearly 9-month high, the stock market Tiaokonggaokai become the norm. All the investors are excited to win the dividend policy, credit increase in depression and industry and a clear policy, led the stock market rocketed.
Government must release the hand of boosting the stock market.
in the second half of 2008 boosted the stock market is necessary to maintain confidence in the economy, but also Government pre-compensate for the stock market bubble to burst a policy, and in January this year, funds from various quarters have Shaben not find the stock market from investment projects, to continue to boost the stock market, there is suspicion of evasive, delaying more pressing economic structure adjustment task.
January new credit funds of the banking system is expected to reach 1.4 trillion yuan or so, do the same growth rate, without the government together with stimulation, but also in China's stock market liquidity of the stimulation, the inertia on the red one two months.
rising stock market, the biggest advantage is the wealth effect triggered, stimulate consumption, as shown by the last bull market, the stock market has a close relationship with the consumer. However, the current round of policy driven by the rising stock market, and entrenched in the size of the stock market and IPO and other non-institutional barriers not removed, the data show that as the stock market to rise, increasing the size of non-reduction, offer improved. panic in the bull market, is likely to be another redistribution of wealth channels. If the stock market re Xiao straight, in straight sets in the trench, so that the distribution of help to pull the middle class consumer, but will reduce domestic consumption. In fact, those who benefit are the size of Africa, they have a global consumer perspective Spring Festival this year for Japan and Europe have made outstanding contributions to the consumer.
in the global deleveraging process, the results of our thriving capital market is the market value of listed companies in China alone leading global position. in the global banking market list, Citibank, Swiss Bank, Bank of America and former dominant position of banks have declined, while the leader in China's banking sector are Industrial and Commercial Bank of China, Construction Bank, Bank of China ranked list of the top three global bank market . This difference in valuation could lead to overvalued exchange rate there is the pressure, if the exchange rate does not significantly change, it means that the potential of domestic inflationary pressures are rising, liquidity crunch and increased co-exist, will form a more serious structural problems.
under the guidance of the capital market rose sharply in the policy could seriously damage the real economy. monetary bailout caused by the formation of a monetary aggregate effect of high and low-lying land, China's large enterprises and big projects, capital markets become absorbed in the small cap money depressions. The former describes the fate of funds focused on government guarantees for enterprises, which shows the current surging stock market speculation.
should be wary, because I have not made the problem of excess energy can be fundamentally alleviated, so a lot of money into the stock market Zhanzhuan gold, proportion of new loans in the short-term paper is too large, illustrates the vulnerability of financial compensation to the enterprise funds, the speculative tendencies. Moreover, China's macroeconomic tightening is still in range, in fact, in addition to government-led projects, business and investment opportunities not much. reflect the GDP growth rate as the most economic indicators, one of China Federation of Electric Power demand forecast for this year, even in the second quarter growth will be the most difficult period for electricity, the first half of the possibility of sustained negative growth. business investment opportunities to reduce, the largest destination was into the stock market.
is well known, in the past the stock market allocation of resources did not become a survival of the fittest, the but to solve the shortage of funds, the administrative reorganization of the main tool, which makes the stock market can promote economic efficiency not only a substantial increase, but sometimes inefficient enterprises to promote wrapped in a listed company through the streets. If the money into the stock market dive, if the market fails to play the role of optimization is a waste of funds, investors and the real economy will sooner or later pay the price.
macroeconomic hot and cold so uneven, the authorities should prevent the misuse of funds, the premise of total credit in a relaxed, increasing the risk of financial institutions supervision and evaluation, so that efficient access to scarce resources, companies, and not by the government reveal all the details, so that the low efficiency of large companies holding capital to squander the capital market.
tightening cycle of the stock market is an excellent system of repair time. regardless of when the stock market can not forget even for a moment the core crux. stock sharp contraction in the economy must be stable to cheer on their morale, but by no means a stable and steady purpose of boosting market confidence in the stock market, the stock market can make room for physical stability economic structural adjustment of the layout, you can proceed with the necessary institutional reforms stock market, such as the Reform IPO shares and then introduced in the market, under the premise of respect for mergers and acquisitions.
enterprises and financial institutions, the amount of funds into the stock market as vane should pay close attention. This can be judged whether the stock market to rely on money supply growth and a lack of investment channels for the real economy rising too fast, excessive speculation, so China's economic structure is more distorted.