—— flower Li Daxiao of director of institute of old negotiable securities
Shanghai shows day K line goes this month situation
On June 3
Open quotation: 2300.21 bits
Closing quotation: 2299.25 bits
On June 24
Openharrison hot spring public pool quotation: 2068.86 bits
Closing quotation: 1963.23 bits
New capital signs up for dispatch (reporter Wu Min) the capital insecurity problem of the market between the bank ferments continuously last week, the market " Qian Huang " grow in intensity, investor falls in panicky state of mind yesterday considerably undersell, shanghai points to drop yesterday 2000 bits brokener, to the limit of one's capacity weighs defeat 5.3% , achieve 46 months are the biggest recently odd-numbered days drops. Become greatly pointing to is to drop more achieve 6.73% , achieve 4 years many to come new low. According to reporter computation, shanghai is deep yesterday two city market prise evaporated 1.34 trillion yuan, 200 drop stop.
"Qian Huang " the force with which sth breaks out is roaring
Bank " Qian Huang " from last week already " the force with which sth breaks out is roaring " , many investor are potential to policy level occurrence change, alleviate the circumstance of fluidity insecurity is held expect.
But the Central Bank signed in the morning yesterday " the case that general office of Chinese people bank supervises matters concerned about commercial bank fluidity " , point out among them, element of money market change is more, and draw near the dot when last stage of half an year is main, the commercial bank wants cogent raise a risk to be on guard consciousness, raise the initiative of fluidity management and scientific sex ceaselessly, continue aggrandizement fluidity management. This one file still maintains the Central Bank " fluidity of system of bank of current our country is overall be in reasonable level " .
To this, the researcher of Hai Futong fund says, of the Central Bank make known his position to sum up rising is a word: "Rely on oneself, do not have an accident. Do not have an accident..
According to reporter understanding, the habit of the member that trade on the market between the Bank of China before this is in " the Central Bank can put money all the time " trade in the environment, the member that watch case manufacturertrade call the Central Bank " center Mom " . In past a long time, a pthe best selling modern dining chairserson of same business between Shanghai bank is torn open put interest rate (Shibor) it is OK that interest rate of of the previous night exceeds 4% the cavalcade of insecurity of the capital that be attributed to, subsequently the Central Bank puts in capital to stablize market money rate to rise on open market.
spring poolBut in a week in the past, this one interest rate ever exceeded 13% for a time.
Many bank weigh defeat
In the Central Bank afore-mentioned making known one's position under, the heart before this puts fluky orgnaization in succession undersell, a the circumstance that occurrence unilateral drops, final Shanghai points to drop 5.3% , receive a reply 1963.23 a little bit, dropped first since the bottom 2012 2000 bits brokener; Become greatly point to drop 6.73% , receive a reply 7588.52 a little bit.
From board piece in light of, the finance such as business of bank, certificate, insurance because area of straight face financing is nervous, appear steep fall, drop on average an even more 8% . The business of a person of same business such as bank of the bank that start line of business, the people's livelihood and restful bank compares radical bank to stop a newspaper in order to drop to close.
In addition, look from global angle, as a result of beautiful couplet store the ifree watch casentent is exited quantify comfortable, global liquidity situation also will produce change. Peaceful amounts to grand benefit fund to think, the whole world is burgeoning market country is standing at present the pressure that capital pours out of.
The anticipation that financing area cannot restore sank to hit stock market and bond market again, business of a few certificate thinks, the situation of capital insecurity can last to July at least the middle ten days of a month.
200 drop stop
Yesterday, shanghai is deep two city drop stop more than 200, divide financial board piece outside, yesterday estate, nonferrous metal board piece drop a house before, drop all exceed 7.5% . Odd-numbered days of two city market prise evaporates 1.34 trillion yuan, shrink reachs 21 trillion yuan.
Analytic personage says, investor is at present common apt thinks of the market short-term drop situation still did not end.
Become fund greatly Li Maoyu of macroscopical and politic researcher thinks, the influence of financing area insecurity will diffuse, growth momentum is born inside domestic economy still hasten is weak, the policy that at the same timwatch case openere monetary policy slants to wait for price of excessive of danger of relevant shift rectification on incorrect styles of work closely deepened the risk of economic fall after a rise from financing level continuously, short end interest rate rises to conduct Xiang Changduan, affect industry financing. Below this kind of circumstance, a investment should pay attention to defence.
■ examine minutely
Bank does the problem have many serious? modern dining chairs
Silver-colored yesterday andante piece become A drop the most serious board piece, among them bank in restful, promote bank of course of study, the people's livelihood to drop stop, mix in insecurity of this round of capital go lever changes a course in, the bank has after all how old the central point that the problem makes the outside pay close attention to.
The pressure that at present investor thinks medium dimensions bank is faced with more is greater.
In golden company the report yesterday thinks, the bank is in a person of same business below short borrow grow the capital fund of the credit that be not mark that borrows configuration fluidity to differ and loan to repay speed puts delay is internal cause. If consider one-time impact, for instance predicting usury rate lasts left and right sides of a half moon, the negative effect that the bank that start line of business gets is opposite bigger.
And in the long run, bank future will adjust the deadline structure of asset of a person of same business, reduce deadline fault to match rate, the trend sex that brings benefit of a person of same business to need professional work thereby drops.
And Bakelai thinks, small bank is in in side of business of a pthe most popular north face shirtserson of same business is more radical. Be enslaved to be enslaved to can be put borrow the dimensions, restriction that puts loan and capital gold field, they must seek another channel to borrow contributive gold, these banks also more depend on the financing between the bank to sustain business growth.
For instance the best spring poolthe people's livelihood, start the bank such as course of study, last year its already dimensions of power of discount bill, fiducial earnings all grow considerably.
Most market participator thinks, the large bank such as labour travel is in capital respect is relatively abundant instead. This also gets be reflectinged clearly in the market. Yesterday day labourer dropped all right 2.99% , the Construction Bank drops 2.94% , and promote bank of course of study, the people's livelihood to drop stop. New capital signs up for reporter Wu Min
■ sound
Appeal of partial market personage helps city
New capital signs up for dispatch (reporter Wu Min) field of A stock market drops greatly, the near future also has professional personage appeal to help city ceaselessly.
Yesterday flower Li Daxiao of director of institute of old negotiable securities says, administrative layer helps city when skill right now, save city measure to answer not confine is held at collecting gold to add.
Li Daxiao thinks, steeping fall basically is 3 reasons: 1.QE rolls out calendar to already went out cause global market stock market to steep fall, a linkage; 2. Chinese economy anabiosises the progress is relatively slow; 3. Fluidity slants close, violent wind of solution interest rate is torn open to rise between bank of the market in year create the market excessive panic, policy did not release comfortable signal.
He suggests to urge 8 measure " help city " : 1. Collect gold to increase add maintain strength; 2. High grade blue prepare a large stockholder collective to add hold; 3. Appear on the market the company is counter-purchased; 4. Tall canal and employee oppose a plan; 5. Fund of insurance of annuities housing accumulation fund is long-term capital enters town; 6. Buy a derate duty and duty of stamp duty bonus; 7. Adopt strong step to maintain market liquidity and fund price stability; 8. Come on stage carry brace up the sentiment of policy conciliation investor of market confidence.
But also be not all personages to be agreed with " help city " the most popular watch casessay. Be like, what Beijing University finance and Feng Qi of Cao of director of negotiable securities research center think the measure that help city is brought is exponential provisionality rise, it is brief. New capital signs up for reporter Wu Min
■ came 2009 A all previous steeps fall
On Feburary 21, 2013free norton internet antivirus, because fear market liquidity is tightened up, on card aggregate index closing quotation drops 71.23 a little bit, to 2325.95 bits, drop 3.0% , achieve per cent of the oldest odd-numbered days drops since November 30, 2011.
On November 30, 2011, because investor worries about the international that Shanghai field is about to roll out board will give B demand brings concussion, fiducial on card aggregate index closing quotation drops 78.98 a little bit, to 2333.41 bits, drop 3.3% . Deep card aggregate index drops 41.53 a little bit, to 994.02 bits, drop 4.0%
On November 12, 2010, Go up card indexDrop greatly 5.16% , two city are close 150 drop stop closing quotation, shanghai points to drop achieve the oldest odd-numbered days drops since August 31, 2009, become greatly point to drop nearly 1000 a little bit.
Shanghai late stock market steeped fall on August 31, 2009, card put together points to on andDeep card is become point toSign up for respectively close at mixing 10585.08 a little bit at 2667.75 o'clock, relatively before one trade day closing quotation drops greatly 6.74 ％ and 7.55 ％ . Come from August 3 on August 31, trade in 21 in day, shanghai points to drop achieve 21.81% . In the corresponding period, deficit of shareholder average per capita exceeds 40 thousand yuan. New capital signs up for reporter Li Yuan to arrange
■ interlink effect
Financing area is dried up send " debt double kill "
Drop with the stock market before this investor seeks an opportunity to differ to debt city, the collapse that causes in this fluidity insecurity dish in, home market is immersed in " debt double kill " situation.
Yield of city of the debt below the circumstance that drops greatly in the stock market also considerably violent wind rises, the net value of bond fund appears to drop considerably in past a week.
The data of research center of fund of galactic negotiable securities shows, in past a week common the average net value of one class bond fund drops achieve 1.13% ; 2 class debt base drop on average achieve 1.24% .
Meanwhile, suffer bond to drop concussion, monetary fund occurrence irrelevance is too big.
The investor of monetary fund is worrying, whether can domestic monbrass faucet aerator ey fund reproduce the one act 2006, appear to lose the monetary fund of accrual individually. 22 days had had individual money fund to because bond yield goes up,be announced, bring about fund irrelevance to rise.
Fund personage says Hai Futong, the element with asset the most immediate value is force of buyers and sellers, fluidity insecurity brings about buyer to slant directly weak, cannot carry on of the bargainor sell, at present of the market such as stock, bond, gold dropped to show this greatly.
Nevertheless, a few investor look forward to hope to be able to bring new tomorrow at such change. Good buy fortune CEO Yang Wenbin to say, in will for a long time look, carry broken bubble actively, let the financial orgnaization such as the bank reduce lever, this is right in long-term economic structural adjustment is advantageous. "Hope management layer can withstand pressure, hold to present policy. Hold to present policy..
(Wu Min)
(New capital signs up for)
No comments:
Post a Comment