QFII sold 732 Million Yuan in a Week; does the Hot Money withdraw Quickly?
The data showed that until the end of June this year, five major Wall Street investment banks possess only one-third of Chinese stocks amount in early high point stage. In the first three trading days this week, QFII totally sold 732 million yuan. The industry believes that the withdrawal of hot money is true, but they have no significant impact on Chinese capital market.
FDIC formally approved to increase the Amount of Bank Deposit Guarantee temporarily
FDIC formally approved to increase the amount of bank deposit guarantee temporarily, which increased the standard amount of bank deposit guarantee for company account from 100 thousand USD to 250 thousand USD.
Financial Turmoil: Japanese First Financial Institution Bankrupt
Second loan crisis has spread to Japan. Yesterday morning, Japan Tokyo Mutual Life Insurance becomes the first financial institution to bankrupt in the second loan crisis.
UBS financed 2 billion RMB for Legend Holdings
Reporters learned yesterday from UBS Securities, the company as the RMB bonds exclusive contractor of Legend Holdings Company has successfully financed 2 billion RMB, which was the fifth RMB bonds.
Siemens CEO: Financial Crisis has created Acquisition Opportunities
On October 11, when the Siemens CEO Peter Loescher accepted the interview from German financial magazine “EuroamSonntag”, he said that the the financial crisis has created acquisition opportunities. The appealing possibility has begun to appear, so we will take full opportunity in the crisis.
China Securities Regulatory Commission (CSRS) has approved QFII about four foreign institutions in September
As China Securities Regulatory Commission (CSRS) reported today, another four qualified foreign institution investors were approved. So, there are 69 institutions have got QFII in our country.
“2008 Autumn Report”
Chinese Academy of Social Sciences issued the “2008 Autumn Report” forecast on October 10 that retail sales of social consumable in 2008 would exceed 10 trillion yuan and reach 10666 billion yuan approximately.
The growth of Chinese GDP will be slow down to 10.1% or so this year
Chinese Academy of Social Sciences issued “2008 autumn report” on 10th predicted that the growth of Chinese economy will be slow down in 2008; the growth rate of GDP would be slow down to 10.1% or so.
Worrying banks being not reliable, many British people buy coffers to deposit their money
Financial crisis has made many business banks in America and Europe in trouble; so many depositors are worried that their bank deposits are not guaranteed.
India central bank has lowered the cash reserve ratio of 100 basis points for another time
India central bank has lowered the cash reserve ratio of 100 basis points for another time on Friday, so it is down to 7.5%. Before this cutting down, the very bank has lowered the cash reserve ratio of 50 basis points already
Sales Volume increased 20% on Mid-autumn Festival
Yesterday, the reporter learned from the supermarket that the Sales Volume increased 20% approximately on Mid-autumn Festival of 2008.
Huiyuan: Coca cola has not submitted the Application
The vice president and chief financial officer of Huiyuan, Wu Yuqiang said that the only obstacle was to get the approval from relevant authorities, but Coca-Cola has not yet submitted the application in respect of the transaction.
Chinese Communication Service makes 567 million Earnings in this half year
The supplier of Telecommunications supporting service, Chinese Communication Service (00552) yesterday announced that in the first half of this year, the earnings of shareholders reach 567 million yuan, which increases 11.3%.
Other News:
A: In August, there were six foreign investment institutions having been granted QFII qualification.
B:Space Communications announced that the issuance validity of non-publicity issuance stock project had expired, so the project was automatically invalid.
C:International oil prices fell below 100USD, which created the lowest point in these seven months.
D: Lehman Brothers applied for bankruptcy protection, while Merrill Lynch also agreed to be sold to Bank of America with 44 billion USD. The bankruptcy will hit China.
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