By China Galaxy Securities Co.Ltd.
- Jul 26, 2010
- Macroeconomic
Shanghai and Shenzhen stock market hit largest weekly surge last week, and turnover substantially increased; investors steadily held the position and market maintained strong trend.
The basic motivation of this rebound is investors’ obscure anticipation on relax policy regulation after the formation of rapidly falling economy trend.
As of following trend, institutional investors generally hold cautious attitude .......
By China Galaxy Securities Co.Ltd.
- Jul 19, 2010
- Macroeconomic
Since economic trend basically merges, short-term negative elements release and impetus of falling stock market is restrained to some extent; obscure anticipation on policies will help maintain market stability, yet different anticipations will restrain rebound space, thus it is likely to see market concussion and priorities should be given to structural opportunities.
Macro-economic reverse trend takes .......
By China Galaxy Securities Co.Ltd.
- May 25, 2010
- Macroeconomic
Event
State Statistics Bureau releases average major food price change (from May 11 to May 20, 2010) and cost price of partial core industrial products of key companies (May 20, 2010) on May 24, 2010, which indicates that vegetable price further declines and prices of iron, cement, major nonferrous metals and chemistry products continue falling.
Our Analysis .......
By China Galaxy Securities Co.Ltd.
- May 10, 2010
- Macroeconomic
With the heavy load of previous real estate industry adjustment, overseas market concussion causes continuous A-share decline last week. Investors hold negative view and number of listed companies with share price below offering price and net share value grows, some with better performance even see PE ratio below 10x; underestimation of blue-chip shares still exists. .......
By China Galaxy Securities Co.Ltd.
- May 6, 2010
- Macroeconomic
I. Market Review
On Wednesday, influenced by falling exterior market, two stock markets opened low and then fluctuated lower due to weak nonferrous metal, coal and finance sections; Shanghai Composite Index once hit 2770, which was the lowest among recent adjustment. Small-cap stocks became more active at almost half session, and real estate section began to .......
By China Galaxy Securities Co.Ltd.
- Mar 1, 2010
- Macroeconomic
Event
Central Bank announces on Feb 12nd that required reserve ratio of deposits of financial institutions will be raised by 0.5ppt from Feb 25th, 2010.
Our Analysis and Estimation
1) Another rise of RRR is understandable. Only a month after last rise, Central Bank raises required reserve ratio of financial institution deposits by 0.5ppt to 16.5%. i) It .......
By TX Investment Consulting Co., Ltd.
- Jul 10, 2009
- Macroeconomic
Macro-economic Policy
Not Following Promotion of PetroChina (601857), China Petroleum & Chemical Corporation (600028) Denies Price Reduction in the Near Future
Index of Non-manufacturing Pegs at 55.4% in June 2009
Domestic Market
Lot Winning Rate of Your-mart Stands at 0.25%, Over-subscription Being 396x
Professional Stock Brokers Not Being Enough, Securities Traders Hire Nominal Brokers in Secret
Overseas Market
Overview: .......
By TX Investment Consulting Co., Ltd.
- Jul 9, 2009
- Macroeconomic
Macro-economic Policy
RMB New Credit Loan Sees Rmb1.5tn Surplus in June 2009
Trade Price of Product Oil Sustains Decline in Several Regions of China
Chinese Foreign Exchange Reserve Predicted to Reach USD2tn
SASAC Requests Central Enterprises to Reinforce Inspection on Financial Derivative Business
Domestic Market
CBRC: Financing Capital of Commercial Banks Can Not Invest in Stocks but May .......
By TX Investment Consulting Co., Ltd.
- Jul 7, 2009
- Macroeconomic
Macro-economic Policy
China to Sign USD4bn Loans-for-oil Deal with Venezuela
Three Iron Ore Giants Pose Pressures on Chinese Steel Companies by Cutting off Spot Good Supply
China Speeds up Construction of the Second Batch of Strategic Crude Oil Reserve Bases
Commerce Secretary Denounces Criticism of “Buy China” Policy by Foreign Media
Domestic Market
Your-mart Sets Issue Price at .......
By TX Investment Consulting Co., Ltd.
- Jul 6, 2009
- Macroeconomic
Macro-economic Policy
RMB Cross-boarder Settlement Starts up in Shanghai on July 6, 2009
Experts Say Rmb1.16tn Credit Capital Flows into Stock Market
President Hu Jintao Heads to G8 Summit, Mainly Focusing on Hot Issues like Food Security
Domestic Market
Sichuan Express (HK. 0107) Releases Announcement on A-share Issuance Enquiry; Online Subscription to Be Started on July 15, 2009
Lot .......