China Financial Daily

November 11, 2008

The old-age insurance

Filed under: Financial News — Tags: , — Nancy @ 3:42 am -0800

China is fighting for achieving coordination of old-age insurance at the provincial level to the end of next year
The minister of Huaman resources and social security, Yi Weimin recently at the third annual meeting of Social Security forum, showed that China will fight for until the end of next year, the realization of the co-ordination at the provincial level of basic old-age insurance nationwide.

Media: it’s better to postpone going to school than retiring
China has a large number of population and employment needs, of course so to postpone the retirement age may ease the pressure on old-age pension, but young people is bound to difficult to find jobs.

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November 5, 2008

Insurance investment

Filed under: Financial News — Tags: , , — kinpoo @ 10:32 pm -0800

Jointing bank, in Shenzhen insurance stringent control over the sale mislead of financial products
Recently, reporter viewed the bank and found that many banks’ branches have put high-yield financial products off the shelf which is in the relative risk of even greater, such as funds, non-capital preservation and so on.

Guangdong Construction Bank stopped selling the Toulian insurance, but other banks didn’t follow up temporarily.
Reporters exclusively learned yesterday, Guangdong Construction Bank has issued a circular on November 1rd stared a full moratorium on the sale of the Toulian insurance product, but the notice did not mention the time resumption of sales.

“Xiang Bobo,” into a “hot potato” for the great show-down of the value of Toulian insurance
When Toulian insurance just entered the domestic insurance, as sales of non-standard and other reasons it has been triggered withdrawing of insurance, but now has a negative impact to dissipate.

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October 11, 2008

Global Stock Market

Filed under: Financial News — Tags: , , , , — Nancy @ 10:55 am -0700

Bond products welcame spring
After the introduction of the central bank to cut interest rates policy, although the performance of the stock market is still in the doldrums, the bond market has shown sun on clear days, investors can look for investment opportunities. As the interest rates and bond yields inverse relationship, once the cycle of rate cuts become a reality, the bond market will be bullish.

Global stock market go bull markets,with funds ports: government bonds and corporate debt
Tax cuts and other measures are the main means of stimulating the economy and an absolute good for the stock market, but the effect is often difficult to be reflected in the short term. As in the previous two-year bull market, repeatedly raising interest rates and the deposit reserve ratio did not stop the rising trend of the market.

Qingdao wins China’s first life insurance index
Nankai University Business School and group life insurance awareness index Heng Standard Life jointly announced the “2008 Annual Heng Standard Life Insurance Index Study”, the overall average life, Qingdao research in 12 cities in the top again, the people of the risks Awareness of the life insurance industry, and other indicators of the degree of recognition in the forefront of the country.

other news: oil

New York crude oil futures prices fell to a record of 78 U.S. dollars, a new low of this year
The news of Hexun, according to Bloomberg News reported on Oct. 11, being affected by the growing global financial crisis, today the price of crude oil futures continued to fall, which is now below to 78 U.S. dollars a barrel price. At the same time, copper prices hit its 20 years which is the new high.

Growth rate of decline in the performance of listed companies is a foregone conclusion
Involvement in the worsening economic situation at home and abroad, the market performance of listed concerns have gradually increased.Which just entered the phase of the disclosure, the listed companies in the first three quarters of this year handed over a statement of what kind of answer. How it will bring the impact on market in the near future, is a focus of investors’ concern.

stock:

Li Ka-shing lost 180,000,000,000 Hong Kong dollar
By the affect of the stock market continuing to decline, Hong Kong stocks of market value fallen from Hong Kong dollar 13700000000000 to 10800000000000. The Hong Kong dollar market value of nearly 3 trillion by financial waves engulfed. Hong Kong 3, the rich can not avoid suffering huge losses from Sept. 14 to Oct. 7 date. 3 Hong Kong tycoons Li Ka-shing, Lee Shau Kee and Kuok Brothers, 184,300,000,000 Hong Kong dollar losses, respectively lost 80,500,000,000 and the Hong Kong dollar 486 Billion.

Gold futures alone
The central banks cut interest rates to fail to join hands to alleviate the financial market turbulence. Friday, the domestic futures market with a little breath fell again panic, and the main varieties of contract dropped substantially, but gold futures outshane others.

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