China Financial Daily

September 23, 2008

Market Trend in Govermental Level

Filed under: Financial News — Tags: , , , , , , — Nancy @ 8:19 pm -0700

Central bank survey in the third quarter: a 10-year resident of intent to purchase Housings achieved a lowest level

In the second half of August 2008, the National People’s Bank of China in 50 large, medium and small cities and towns, carried out a survey of urban depositors, recovered 20,000 valid questionnaires.

Underground speculate in gold: How did “the black hole of sucking gold” make?

Global capital market is in turmoil, and the bull market gradually ebbs. The stock market falls, the housing market appears to adjust the situation. Investors with “outperform CPI” common goals are hardly finding “the way of making money.”

News Analysis: the largest financial rescue plan of U.S. is at unpredictable risks

Monday (22nd) before the U.S. stock market opened, the U.S. Congress was not able to put last weekend’s 700 billion dollars rescue plan agreed, which was made by government last week.

Wen Jiabao stressed a new trend of Macro-control, Shi Qiping: the Third Plenary added new economic issues

 Phoenix Satellite TV, “Financial stone” on September 22nd broadcast program, reported “Wen Jiabao stressed a new trend of Macro-control, Shi Qiping: the Third Plenary added new economic issues.”

RMB exchange rate against dollar hit 6.81 or broke a new high since the exchange reform

The sharp rebound in international oil prices, weak dollar impact of the RMB against the U.S. dollar exchange rate, so went up substantially. The date from the China Foreign Exchange Trading Center shows that on September 23rd exchange rate against the U.S. dollar 6.8009, the quotation of normal prices is 6.8009,  higher than the previous 234 basis points, again hit a new high since the exchange reform.

 

Other News:

A: Yesterday, Huijin purchased each 200 million shares from ICBC, Bank of China, and Construction Bank; moreover, the Huijin claimed that they would continue to increase the holdings in the next 12 months.

B: In August this year, insurance capital increased 16385 million yuan investment, so it increased the investment strength.

C: Yesterday, there was the rumor in the market, it claimed that carcinogen has been found in alcohol products; which caused the related stocks to have great decline entirely. Today, two companies, Maotai and Changyu, firstly issued the bulletin to clarify.

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September 16, 2008

Fashion and Cheap Car

Filed under: Financial News — Tags: , , , , — Nancy @ 6:53 am -0700

Imported Milk increased more than 15% This Month
Following the collective price increasing in the April this year, the imported milk will increase its price again. The reporter learned that, BMS lauched the upgrading milk in more 15% prices last week, and Abbott are also being assessed, then rise its prices.

Tourism is the Strong Support to Expand Domestic Demand and Keep its Growth Stability
Recently, the National People’s Congress Standing Committee, vice chairman of the China Democratic National Construction Association, the economical professor, GuShengzu said: Facing the grim situation outside and the difficulties of manufacturing sector, it’s the key to expand domestic demand actively to complete the overall task of “securing and controlling” .

Fashion and Cheap Car — Peugeot 307 for a max offer 15,000 yuan
Yesterday, we learnt from several DongFeng Peugeot dealers in Beijing area that the recent price of Peugeot 307 is relatively stable compared to the eve of the Olympic Games.

Lehman Filed for Bankruptcy — the Rare Financial Crisis
September 14, Barclays Bank announced that, in the absence of the federal government’s and other banks’ financial support, they can’t deal with their “fate hanging line” — Lehman brother, so all the potential acquirers stop their steps.This well-known investment bank, having a 158-year history, have filed for bankruptcy protection.

The Global Financial Crisis , Calling China Rescue the Market
People’s Bank of China announced that, drop down one-year RMB loans benchmark interest rate 0.27 percentage points since the September 16.

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