In 2831 the Ministry of Finance adjusted export tax rebate policy and will be considered next week, the Ministry of Finance to issue special treasury bonds to buy foreign exchange investment company as a start-up capital under the influence of such messages, Shenzhen and Shanghai on Wednesday finished lower broader market trend of both the show, especially the tail market plunge disk can not think of the market May 30 due to a continuous increase in stamp duty rates fall market, pre-, making the afternoon run again cast a shadow over the broader market. in the index at a relatively high stage and the overall market valuation does not have the obvious advantage of the premise, stock performance is bound to face further differentiation, and only in line with national industrial policies, with high growth or long-term competitiveness of the species and the replacement asset or assets through the injection of other innovative means to achieve high performance by leaps and bounds growing varieties can be relatively complex in the afternoon operating environment stand out.
[today's market conditions]
after two consecutive transactions day after the shock rise, Shenzhen and Shanghai on Wednesday finished lower broader market trend show, especially late in a sharp dive of the stock market, Stock Index closed at both the Yin Xian, the total turnover of about 308.474 billion a day. From day stock run trend point of view, early on the Shanghai Composite Index opened 4269.46 points after the injection in some forecasted to such subject shares and assets was driven by increased volatility, the highest intraday ascribed to 4312.00 points, with the previous high of 4335.96 point is only one step ; as the market became more cautious attitude, late in the profit under selling pressure quickly sell into, and the breakdown 5 day moving average support, a low of 4164.27 points on Monday, has not been covering the gap, there is still inertia is expected to test a low short-term cover gap trend. The Shenzhen Component Index trend similar to the corresponding trend showing finished lower.
situation from the disk, the two cities large stocks fell, including the Shenzhen market, the ratio of 108:526 Number Change, the Shanghai market ups and downs Number ratio of 164:696. or table, the Washington reached, Toronto shares SGSB, Kaikaishiye, Fenghua shares, Chengdefantai, Shenguo Shang, XJ Electric and other 19 stocks of non-ST daily limit. Specifically, the number of mid-year report also forecasted the stock to perform well above workers Pui Shen, Dumas shares, Fuxing Science and Technology, etc.; number of shares of brokerage firms, commercial banks or cross-holdings of stocks remain active, such as Luzhou, Eastern Group. In addition, some asset restructuring, asset injection and the overall market shares remain active subjects, such as shares in Fenghua, Washington reached, Network Po industry, Datang Power Generation, Hunanhaili and so on. drop list, the cumulative gains of more large variety of non-ferrous metals and other resource-affected by the adjustment of export tax rebate policy adjustment appear more substantial,cheap UGG boots, such as your research Platinum,UGG boots cheap, Gene Nickel, Hing Fat Group, tungsten and other high-tech; Yu development, Wong Toi Wines, the North International,UGG shoes, Feidahuanbao 20 stocks fell more than 8%.
Wednesday, the Shanghai Composite Index opened 4269.46 points, up 4,bailey UGG boots,312.00 points, the lowest 4,164.27 points to close 4,181.32 points, down 88.20 points, or 2.07%, turnover of 1959.23 billion; Shenzhen Component Index opened 14,499.46 points, the highest 14,576.00 points, the lowest 14,005.28 points to close 14,107.23 points, down 229.17 points, or 1.60%, turnover of 112.551 billion. (Ling Xuewen / practicing analyst)
[today's news of]
Wednesday, mainly in the following information for investors to focus:
1, to further control the excessive growth of exports to ease China's trade surplus is too large to bring the outstanding contradictions and optimize the export commodity structure, inhibit the high pollution and resources the bureau's National Development and Reform Commission, Ministry of Commerce, General Administration of Customs on June 18 issued a export tax rebate policy. these commodities account for all the goods in the Customs Tariff of the total number of 37%.
2, dusty two-year-old brokerage business is about personal finance oriented thaw, the Securities Companies Regulations asset management business is innovation securities firms in the comments. However, which provides eight million yuan threshold, causing widespread concern in the industry. According to the draft Regulations, directed brokerage investment asset management business includes equity, securities investment funds, warrants, bonds and repo, bank deposits and other investments permitted by the laws and regulations varieties; but the securities company shall not in any way, the principal amount of client assets from loss or commitment to obtain the lowest income, that is not commonly known as the 3, next week's 28th meeting of the Tenth NPC Standing Committee, the Ministry of Finance will consider the issue of special treasury bonds to buy foreign exchange, foreign exchange investment company as a start-up capital. According to informed sources, the size of special treasury bonds equivalent to 2000-2500 billion , about the end of March when 20% of China's foreign exchange reserves -25%. static point of view, did market liquidity has been effectively withdrawn from circulation.
4, following the previous session after breaking 7.62 mark, 20 RMB exchange rate to 7.6180 and then a new high since the reform of foreign exchange. This is the central parity rate of RMB 6 consecutive record high day. when the exchange reform in accordance with the exchange rate of 8.11, the cumulative appreciation of the RMB exchange rate reform is close to 6.46%.
5 , the excess liquidity in the background, a new high water market funds. According to the results of the China Ocean today announced the release terms, the Internet network under total freezing of funds of up to 1.629 trillion yuan. deducting part of China Ocean to raise funds, today and tomorrow day there will be more than 1.6 trillion to unfreeze the funds. concrete is placed under the net today, 401 billion to unfreeze the funds, thaw online 1217300000000 tomorrow.
[outlook Comment]
2831 in the Ministry of Finance adjusted export tax rebate policy and next week will consider the Ministry of Finance to issue special treasury bonds to buy foreign exchange investment company as a start-up capital under the influence of such messages, Shenzhen and Shanghai on Wednesday finished lower broader market trend of both the show, especially late plunge in prices the market can not help but think to May 30 due to a continuous increase in stamp duty rates fall market, pre-shadow.
reported that next week's meeting of the Tenth NPC Standing Committee 28th meeting, the Ministry of Finance will consider the issue of special treasury bonds to buy foreign exchange, foreign exchange investment company as a start-up capital. According to informed sources, the special treasury bonds will be divided Wholesale line in four or five may be expected for the period of seven years, mid-term Treasury bonds. The size of special treasury bonds equivalent to 2000-2500 billion U.S. dollars, or about the end of March when 20% of China's foreign exchange reserves -25%. Issue the effectiveness of special treasury bonds is close to issuing central bank bills, but this massive issue of special treasury bonds, the liquidity withdrawn from circulation will undoubtedly have a greater impact; only in the trade surplus and foreign exchange continued to increase in the background, the issue of special treasury bonds as Start Zijin foreign exchange market liquidity remains to be further studied. is worth noting that investors in order to further control the excessive growth of exports, easing China's foreign trade surplus is too large to bring the outstanding contradictions and inhibit , high pollution and resource export tax rebate policy adjustment is the main policy objectives of mitigation excessively large trade surplus. Clearly, in the active management and mitigation policies and measures to divert liquidity driven, supported by A bull market as an important supporting factor in the pattern of excess liquidity situation will face the kinds of uncertainty, although a limited impact on the market short term, but long-term trends and the market can not ignore the psychological impact remains.
is the combined effects of these factors, while the Shanghai Composite Index technically the psychological pressure of facing the highs become broader market finished lower on Wednesday, a predisposing factor in the plunge late. I believe that, due to a rebound after the recent market has accumulated a certain amount of profit chips, especially in the index at a relatively sensitive stage, the increase will inevitably result in profit Paoya large swings in stock. In the short term, the Shanghai Composite Index dropping as covering the gap is still signs of inertia. but I still insist that the current A-share market long-term support to the good fundamental factors still exist, even if the excess liquidity reasonable diversion, it is difficult to change the market's long-term trend for the better. Of course, in the index at a relatively high stage and the overall market valuation does not have the obvious advantage of the premise, stock performance is bound to face further differentiation, and only in line with national industry policy, with high growth or long-term competitiveness of the species and the replacement asset or assets through the injection of other innovative means to achieve high performance by leaps and bounds growing varieties can be relatively complex in the afternoon operating environment to the fore.
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