China Financial Daily

May 31, 2009

The industry: short-term hot money will not count on the withdrawal of Constant 10000 points

Filed under: Financial News — Tags: — lily @ 5:57 am -0700

The industry: short-term hot money will not count on the withdrawal of Constant 10000 points
According to Hong Kong, “Wen Wei Po” reported that, due to large amount of hot money into Hong Kong, together with the external signs of the economy bottoming out, to restore the confidence of investors in general to promote the sharp rise in the Hang Seng Index this week, Friday to close at 18,171 points. A number of the securities industry were the performance of the Hong Kong stock next week, is optimistic that there will be no short-term withdrawal of hot money in Hong Kong, the Hang Seng Index will continue to maintain a rally this week is expected on the red mark万九point, does not rule out in June After 20,000 points in stabilized.

Reported that the Shanghai stock market strategy for the first member of an interview that accelerate the inflow of foreign capital in Hong Kong, Hong Kong stocks continued to increase trading volume last week, coupled with the dynamic characteristics of the market round the more obvious factors such as, becoming the Hang Seng Index higher the main driving force. He said the current hot money have yet to see signs of a U-turn out of Hong Kong, it is believed that the Hang Seng Index will continue to rise this week, will shortly be on the red万九point.

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