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1. [verwijderd] 21 april 2008 16:23

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   quote:

   dokter Lee schreef:

   [quote=The Artist]
   Block trade ordered for sale of big tranches
   
   (Xinhua/China Daily)
   
   When more than 1 percent of a listed firm's total shares are sold within a month, the holders should use the block trading system, the China Securities Regulatory Commission said.
   
   Analysts said the measure is aimed at shoring up the stock market after the benchmark Shanghai Composite Index plunged by 49.5 percent from its all-time high in October.
   Investor sentiment is weak on lingering concerns that the huge amount of such shares would flood the market, suck up cash and therefore sink share prices.
   [/quote]
   
   Shanghai liet vlak na opening een stijging van 6,8% zien, maar na een half uur verdampte alles als sneeuw voor de zon. Geen goed teken!! Deze maatregel had het sentiment al een enorme psychologische boost moeten geven, maar tevergeefs. Als deze maatregel niet binnen een paar dagen wordt opgevolgd door een andere maatregel zal de Index meteen in het dalende patroon terugvallen.
   
   Met vriendelijke groet,
   
   Dokter Lee
   

   Het is logisch dat ze beginnen met een kleine maatregel, ze zullen dus maatregelen treffen tot de index vertrekt.
2. [verwijderd] 21 april 2008 20:03

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   New rules needed to allay market fears
   
   By Hu Shaowei (China Daily)
   Updated: 2008-04-21 07:21
   
   International experiences over the past decades have proved that the stock market usually gains strong driving forces from continuous economic growth and the appreciation of the currency during a country's economic takeoff.
   
   Nearly all researchers expressed their confidence in the Chinese economy for 2008 as the year started. Their optimism stemmed from two facts: the long-term elements promoting economic growth were considered unlikely to be reversed during the year; and the consumption demand was expected to remain active and investment in fixed assets strong.
   
   However, a dramatic turbulence has hit the stock market since January despite the theories and the proven facts. While the US stock market was down by less than 20 percent as a consequence of the subprime crisis, the Shanghai Composite Index, the benchmark of the Chinese stock market, slipped by over 40 percent from its peak by mid April.
   
   The fluctuations took place against the big picture that the economy remained sound, the government displayed firmness in maintaining the stability of the stock market and the listed companies reported lucrative profits.
   
   During several trading days, the market benchmark dived to new lows because of various rumors. Worse still, it dipped further even after the rumors were proved false.
   
   Some attribute the turbulence to widespread panic among investors. But the dramatic fluctuations were actually a result of the defects in schemes governing the stock market and related institutions. Without correcting these defects, the investors' confidence could not be recovered and the market could not resume its sustainable growth.
   
   In recent years, the stock market of China has been swelling quickly and more and more individuals becoming market participants. Therefore, the stock market has occupied a position that cannot be ignored in economic and social terms.
   
   Although many researchers are still debating whether it is theoretically valid for the State to stop the stock market index from slipping dramatically, most governments around the world choose to intervene in the market during such turbulences.
   
   Given the immaturity of the Chinese stock market, it is less able to mirror the real situation of the economy and more susceptible to dramatic fluctuations. It is, therefore, even more necessary for the government to bear a sense of responsibility and develop mechanisms to watch over the market.
   
   Since the authorities completed the colossal work of non-tradable share reform of most listed companies in 2006, they have eliminated a major obstacle for the development of the stock market in the long run. Justifiably, this was widely lauded as a remarkable accomplishment.
   
   However, a policy has to be assessed in accordance with the real consequences of its implementation. Admittedly, the reform in non-tradable shares has sped up development of the stock market in recent years. But it has also created a problem, which, if not properly handled, might threaten the market's future.
   
   The non-tradable shares, gained by their holders with nearly zero costs during the reform, have severely damaged the investor confidence when they have been sold at high prices after being unlocked and made legitimate for public deals.
   
   There is a pressing need for the authorities to deal with the unlocked non-tradable shares. Otherwise, the non-tradable share reform might turn out to be a threat to its prosperity.
   
   Another trigger for the stock slump was the refinancing plans of the listed companies. Almost all the listed companies planning to issue new shares wanted to raise huge sums of capital, which spread the fear that the market might be drained.
   
   But none of the plans actually failed to be carried out despite the fear among common investors. In most cases, the plans were approved by the shareholders' congress because the mutual fund managers whose funds formed a large percentage in the companies' shares voted for the plans. They did so for many reasons, the most prominent one being that these managers have formed a de facto alliance with the company managements.
   
   It is necessary to frame more specific rules about the issue of new shares. Terms should be laid down to specify the frequency of issuing new shares as well as to indicate how the newly-raised fund should be used. The rules should work in such a manner that the listed companies are able to raise the money they really need, while the investors' interest is safeguarded.
   
   As mentioned above, the stock market benchmark dropped dramatically because of some rumors. Yet, no one responsible for fabricating or spreading them has been caught or punished. Some institutional investors also took advantage of the market's volatility and manipulated it with impunity.
   
   Regulators of the market should ensure the enforcement of the current rules and regulations about maintaining transparency and fairness as well as about the release of information. They should also cooperate with the law enforcement departments and check violations of fair market practices.
   
   When the market is relatively low, it is time for decision-makers to consider staging the long-brewed stock index futures. Under the current circumstances, the launch of the scheme would cause less shock to the market. In addition, it might even reduce panic and restore the normal market order. After all, the stock swap offered by the futures could check excessive market speculation.
   
   The author is an economist with the State Information Center
   
3. [verwijderd] 23 april 2008 17:31

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   www.investselectasia.com/
   
   China verlaagt belasting aandelentransacties
   
   Wednesday 23 April 2008
   
   De Chinese overheid heeft opnieuw een signaal afgegeven dat de daling van de aandelenmarkt met 35% vanaf het begin van het jaar meer dan voldoende is. Met ingang van morgen is daarom een belastingverhoging van 30 mei vorig jaar op aandelentransacties teruggedraaid. De zgn. zegelbelasting bedraagt dan geen 0,3% meer, maar 0,1% van de transactiewaarde. Dit werd bekend gemaakt op de officiële website van de regering.
   
   Door beleggers was al vooruitgelopen op de maatregel, getuige de winst van 4,8% voor de CSI300 Index vandaag voor de bekendmaking. Beleggers speculeerden er op dat de overheid het vertrouwen in de op één na slechtst presterende aandelenmarkt te herstellen. Alleen de beurs van Vietnam heeft het dit jaar nog slechter gedaan met een verlies van bijna 44%.
   
   Analisten reageren positief op het besluit. Volgens Wei Wei van West China Securities is het een duidelijk signaal dat de overheid de daling overdreven vind. Michelle Qi van Schroders Fund Management verwacht niet dat de markt meteen boven de slotstand van vorig jaar zal komen, maar vind wel dat de maatregel de effectiefste manier is om het vertrouwen terug te brengen.
   
   Eerder deze week besloot de overheid om de verkoop van grote aandelenpakketten alleen in blokken toe te staan, wat er effectief op neer komt dat verhandeling van deze pakketten niet via de beurs kan verlopen.
   
   
   
4. [verwijderd] 24 april 2008 04:45

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   de voorlopige reactie is +8% terug boven de 3500, Hang Seng viert mee, en ik ga maffen.
   
   
5. [verwijderd] 23 juni 2008 17:12

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   China vows new action to stabilise markets, says official
   
   Mon Jun 23, 5:10 AM ET
   
   
   SHANGHAI (AFP) - China's securities regulator has said it will do whatever is necessary to ensure the country's stock market stability and healthy development after recent jitters.
   
   China Securities Regulatory Commission chairman Shang Fulin said officials will clamp down on anyone who spreads rumours that disrupt and destabilise the markets, according to a statement on the commission's website.
   
   He made the comments after government attempts to tighten the money supply triggered two roller-coaster weeks on Chinese stock markets that left the key index hovering near a 16-month low.
   
   "The market volatility increased and investors' confidence was battered by a complicated combination of internal and external factors," Shang said in the statement dated Sunday.
   
   The benchmark Shanghai Composite Index has shed more than half its value since peaking in October -- and more than a fifth this month alone.
   
   "Ups and downs are inevitable in any market ... the basics for a healthy and sustainable stock market shall not be affected," he said.
   
   The commission will balance share supply and demand and adjust the pace of financing to increase stability, Shang said, without elaborating.
   
   The commission will increase transparency by publishing details of initial public offerings' lock-up periods -- the set time during which company employees and associates are not allowed to sell their shares, he said.
   
   Markets continued to slide Monday despite Shang's remarks as dealers said investors were looking for concrete action, not talk.
   
6. [verwijderd] 7 juli 2008 14:05

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   www.chinadaily.com.cn/bizchina/2008-0...
   
   Stocks surge 4.6% on rosy earning prospect
   
   The mainland stock market embraced an inspiring Monday as strong earning forecasts of banks led the Shanghai index to rally 122 points.
   
   The benchmark Shanghai Composite Index opened at 2,673.55 and rallied 4.59 percent during the day's trading to close at 2,792.40. The smaller Shenzhen market ended 5.34 percent higher to 9,902.98. Combined turnover expanded to 122.76 billion yuan ($17.54 billion). Of all the stocks traded Monday, 1,472 finished up with some 100 of them rocketing to the daily limit of 10 percent. Only eight stocks went down. Heavy-weights such as Baoshan Iron & Steel, Shanghai Auto and Sinopec all contributed notable rises.
   In a statement to the Shanghai bourse today, China Merchants Bank said its unaudited net profit for the first half of this year would more than double compared to the same period of last year. Meanwhile, China CITIC Bank also projected a more than 160 percent year-on-year rise in first-half net profit. Boosted by the news, shares of the two lenders surged 6.48 percent and 7.27 percent, respectively, and lead the market rebound.
   
   Previously, several other banks, including Shanghai Pudong Development Bank, the Industrial and Commercial Bank of China and Shenzhen Development Bank had a similar rosy forecast for their half-year results, which will help to ease investor worries that the nation's tightening monetary policy may dampen banks' profit.
   
   In a related development, market sources also said on Monday that the financial authority may set up a special fund to stabilize the stock market under major fluctuations. Although the news is not confirmed yet, maintaining the healthy development of the capital market is getting more endorsement both from investors and stock regulators.
   
   
7. [verwijderd] 24 juli 2008 08:17

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   tinyurl.com/63cuz5
   
   één van dezer dagen zal deze index terug boven de 3.000 punten noteren, en dat zou een waanzinnig positief signaal zijn voor de Chinese beleggers.
   
   Dan kunnen ze zoals zotten terug op de stijgende trend hun spaargeld kwijt.