Central Bank: This will stabilize the stock market run banks will diversify financing

Event: Bank of China recently released “2009 China Financial Market Development Report,” that in a series of macro and micro economic and financial backdrop, this year, China and the international financial market shocks may be a certain level.

Central Bank forecast in the report, the economic and financial situation will affect the financial markets in different ways the amount of money flows and structure. In international and domestic macroeconomic policy will show the flexibility of a strong, further increase China’s economic restructuring efforts under the combined effect of factors such as, China’s financial market volatility, is very interesting. The report recommends, therefore, should carefully analyze the characteristics of this change, to grasp the financial market development trend and direction of running, correctly control the direction of financial markets, rhythm and intensity, to adapt them to the level of economic development, macro-control requirements, market development the extent and financial supervision capacity, to avoid financial market volatility.

Comments: This is the central ministries today the second position on the stability of the market seems to have been caused by high-level index row sell into corrections close attention, this is not difficult to guess deep down if the stock continues, there will be further rescue measures introduced.

State Department decisive energy conservation: to ensure the completion of the “Eleventh Five” goal

Event: 25, Premier Wen Jiabao chaired a State Council executive meeting, the deployment of further intensify its efforts to ensure the realization of “five” emission reduction targets.

It was noted that the “Eleventh Five-Year” four years ago, after various localities and departments to work together, have made important progress in energy conservation, the national total energy consumption per unit of GDP fell 14.38%, but the “Eleventh Five-Year” lower about 20% there is still a wide gap, especially since the third quarter of last year, high energy consumption, high emission industries rapid growth, some out of the resurgence of the backward production capacity, energy consumption intensity of a slow decrease or even fall to rise, energy saving situation is very grim.

The meeting stressed that to achieve “five” emission reduction targets that the Government made the solemn commitment of people throughout the country this year is the year of decisive, now only eight months, and all localities and departments to further enhance the sense of urgency, responsibility, to take strong, effective measures to ensure that goal.

Comments: The new industry is a central policy focus of this year for care, the pace of economic restructuring in full swing. Can be expected, the eight measures to support energy-saving emission reduction policies in only a part of future initiatives to support the central and more new industries. The message to energy conservation, low carbon economy, good plate.

Development and Reform Commission urged the Western Development

Event: National Development and Reform Commission website on the 27th message, the Western Development in 2010 proposed the organization of work, pay close attention to further promulgation of the western development strategy, a number of observations, study and formulate relevant supporting measures and the implementation details. Vigorously develop industries with local advantages, strengthen the exploration of mineral resources and vigorously develop energy-saving environmental protection, new energy, new materials, and other strategic new industries.

The websites of the “Western Development on the 2009 and 2010, the progress of work,” suggested practical measures to implement the western development policy in place. Continue to increase the central government on the transfer of the western region and various special funds to pay support to the new central government investment in key projects to the people’s livelihood, environment, infrastructure, industrial structure adjustment and tilt the areas of disaster recovery and reconstruction. Carry out the “West” 12 5 “plan,” preparation.

Comments: The next decade will be the key link between the past western development period, the introduction of a series of major policy decisions will be to the west of the listed companies in 11 provinces to bring a historic opportunity for development. Particular the resources sector, the strategic new industry sectors, will enable the region we should be concerned about. The message for the Xinjiang and Tibet in the western region positive plate.

Triple play list and details of the pilot will be introduced in mid and late 5

Event: According to the State Council’s requirements, 5 triple play pilot in mid-late list and rules will be promulgated in June will be the pilot. The rules introduced near the pilot of the relevant stocks around the corner; this week Gehua strong daily limit, to leading cable operators class individual stocks rally. With the time trial is expected to push close to triple play concept stock market is expected to continue rising.

Comment: Recently, several media outlets reported that SARFT has recently provinces, autonomous regions and Radio and Television Bureau issued a “41 Man”, asked for authorization to carry out without the Administration of Radio IP TV services in the region, will be investigated and prosecuted according to law, the deadline to stop illegal conduct of IP TV services. SARFT in the inventory of actions designed to digital, two-way technology, HD Radio and Television among Transformation operators gain time for development, consolidation of radio and television to the video service control. The short term, “41 Man” on radio and TV operators to be protected, the market also interpreted as a positive article. Stimulation in the news recently in the broader market in the process of continuous adjustment, triple play was relatively stable stocks.

Strict Management of the Ministry building occupied by the fitness room to take measures to

Event: Urban Housing Ministry said the head of the 26th, where affordable housing for some of the existing mechanism of imperfect access to exit administration, supervision and services not in place everyday issues such as rural housing the Ministry of Construction recently issued a circular to strengthen the affordable housing management.

According to the person in charge, the circular, Evasive Outflow giving false information on affordable housing, and a verified immediately ordered to return, do not make a statement or do not meet the asset verification, publicity, or can not make a reasonable explanation, as if to false information Evasive Outflow affordable housing.

The circular also clarified the law relating to staff abuse of power, favoritism and construction unit, agency responsibilities and accountability system illegal. The circular also clarified the law relating to staff abuse of power, favoritism and construction unit, agency responsibilities and accountability system illegal.

Comments: (the above policy and housing market speculation against investment policy serves the same purpose is to safeguard the security of housing equity, low-income families are protected. The policy although it is equally central to the real estate market reflects the continuity of control, but on the capital market was relatively small.

Central parity of RMB against the U.S. dollar since May 2009 to scale new high

Event: According to the China Foreign Exchange Trade System published data, April 8, 2010 U.S. dollar foreign exchange market trading currencies such as the central parity of RMB exchange rate: 1 U.S. dollar against 6.8259 yuan. And April 7 of the central parity unchanged, compared with April 6 6.8260 yuan edged higher by 1 basis point. This figure has been set in May 2009 a new high since. “This week’s adjustment to rise next week”

Comments: every 1% appreciation of RMB will cause large losses of export industries, so the economic damage of RMB appreciation on China’s very large, but still some benefits to this industry. Such as real estate, paper, aviation, and gold, but the secondary market, the relevant individual stocks were mixed today, property stocks are still weak, but Air China Air China is the leading heavy volume hit a rebound high rebound.

The western half of two research and development of the State Council, the next phase of the seven key deployment

Event: all over the country to emphasize the regional economy, development of industries and has access to national support when the position of the western development strategy has not wavered. Yesterday, Premier Wen Jiabao chaired a State Council executive meeting, again in-depth implementation of the western development strategy focused on tasks and policy measures. This is already half a month, the State Council, the second development on the western points of future work to study and plan.

Comments: This year’s drought to the central concern of the central and western regions has increased substantially, the central government continue to increase transfer payments to the western region and the various special funds to support efforts mean that this year a series of Western China will speed up infrastructure construction pace. Stimulation in the news, today part of Tibet, Xinjiang, more outstanding performance of local shares.

Agricultural Bank of China started the world’s largest IPO to raise 234 billion investment bank to be robbed 900 million underwriting fee

Events: the long-awaited listing of the Agricultural Bank received by the market, has recently listed a further ABC news. Sources said the ABC has launched IPO (initial public offering) process, while 21 reported investment bank investment program will be ABC. Reported that the Agricultural Bank of China listed finance as much as 30 billion U.S. dollars scale, the bank plans to issue 10 billion U.S. dollars worth of A shares and 20 billion U.S. dollars worth of H shares, listing plan to be launched at 9 months for.

Comments: The world’s largest IPO financing of 234 billion, a huge demand for funds caused market panic, coupled with the banking sector this year, the proportion of capital increase, the market expanded significantly to enlarge the financial pressure of fear. The bad news for the market, hit by the news today, stock index continues to fall shock.

The State Council recently announced the nine industries and eliminate backward production capacity goal

Event: According to the Chinese Government Network 6 released “The State Council on Further Strengthening the elimination of backward production capacity of work notice,” In the near future will further play to the market in allocating resources based on role, give full play to the laws and regulations of the restraints and technical standards of the threshold effect electricity, coal, steel, cement, nonferrous metals, coke, paper, leather, printing and dyeing industries and eliminate backward production capacity. According to “notice”, the end of 2010, China’s power industry will phase out small thermal power 50 million kilowatts or more; the coal industry will close with poor safety conditions, do not meet industrial policy, waste resources and pollute the environment of small coal mines 8000, out of production 200 million tons.

Comments: The impact of overcapacity has become China’s sustained and healthy development of traditional industries the main tumor, eliminate backward production capacity, inter-industry merger and reorganization is the solution of the primary means of excess capacity, one of the industry reshuffle, will some of the leading companies more competitive force. The message for the iron and steel, coal, cement and other industries good, but related industries, today stocks flat.

Control over provincial another telling the property market

Events: In order to further regulate the real estate market, recently, Hunan, Xiamen, Guangzhou and other cities put more land to housing sales from all aspects of real estate control policies.

It is reported that Hunan will be strictly enforced this year, real estate land development and utilization reporting system, this month, city and county land and resources management departments should establish a reporting system and completion of real estate land, land users and land and resources departments should be written to declare the project started , completion time.

Comments: 3 months, the country appeared in some cities the more stressed the more housing prices rose the Guaizhuang, the government is helpless against the high price the developers source of impunity. Although many provinces and cities another telling control the property market, most investors still believe the short term is difficult to drop prices, but the message remains in the secondary market, investors in real estate stocks led the sell-off, related species significantly weaker today .