Semi-annual results for the stock market a bad surprise

 Semi-annual results for the stock market a bad surprise
mm deep down the motherboard or the GEM will free up enough space up
text / Dong Teng new
author at: August 31, 2009, this is a special days, China's stock market today is the last semi-annual disclosure of the statutory date. As of today, all the 1637 semi-annual report of listed companies disclose complete. Statistics show that: Excluding non-recurring gains and losses, losses of nearly 500 companies and another 100 profitability of listed companies, six months less than 2 cents; iron and steel, power, chemicals, electronics, textiles and services industries large losses. bad surprise semi-annual report card for the Chinese stock market, and today's close, the benchmark Shanghai Composite Index plunged 6.74%! < br> 1971 年 2 月 8 日, NASDAQ market was established. This marks the world's first birth of the GEM.
1999 年 11 25, 10-year-old brewing GEM opening.
2009 One day in November, pregnant 10-year GEM in China is about just one day delivery.
well known in the late 20th century, 90 years, the world experienced a massive bull market,UGG shoes, however, but in time for the world, Hong Kong GEM bull market of the Hong Kong main board falling more than three years. The Hang Seng Index from 2000 peak of 18,000 points in early fall down, until April 25, 2003, the Hang Seng Index dropping 8331.87 points low and hit the lowest point of the current bear market. Clearly,UGG bailey button, the introduction of GEM point, just at the Hong Kong main board of the have not tasted the taste of the bubble, on the first taste of the suffering of a bear market.
now faces an uncertain future upcoming GEM China, and China Board in a world crisis already rebounding strongly, up to 100% of the total increase At the same time, semi-annual report in 2009 showed that, after excluding non-recurring gains and losses, there is a loss of nearly 500 listed companies, coupled with the first half of earnings if less than 2 cents of profit the company, the loss of up to 37%, the data the biggest this year. semi-annual report poor performance, unable to support the motherboard has a serious bubble to continue upward, this could not find any reason to rise in the stock market, forced to choose intermediate and adjustments.
of you Just think: if the motherboard does not sufficient depth,UGG boots clearance, the size of a decent mid-level major adjustment, once the launch of the GEM, foam board ridden burden of how worthy, how can accompany GEM move?
Secondly, semi-annual report in addition to poor performance, the second half of the credit drawn tightening may be a large rally round the end of one of the most important reason. as compared to the amount of the first half of 7,400,UGGs,000,000,000 days credit, investment, stock markets were full of water, no increase has been complex, in contrast, excessive credit, the risk of bank assets was exposed, which makes the second half of the small amount of bank loan cases, will be more cautious. Thus, it can determine the second half than the first half at least half the credit scale.
Thirdly, the bank on six days over the amount of credit delivery, in fact, planted for its own enormous potential risks: As the denominator of the continued expansion of total bank assets mm, while the molecules mm bank capital has not changed, which could make the bank's capital adequacy ratio decreased significantly even reaching as far as 8% or less international red line. To this end, the CBRC will never turn a blind eye, it will monitor all banks to find ways to replenish capital, or lending, selling loans, increased loan recovery efforts, of course, , banks can issue subordinated bonds, or issuing new shares through the stock market, or placement, or issue convertible bonds, but is limited because of the subprime bonds, convertible bonds process is too slow, therefore, many banks simply choose issuance of new shares or a direct placement, way, of course, not only can not the second half of the stock market into the Bank of incremental funding, hand, but also from the stock market entities is very serious, therefore, a rebound over, or both the motherboard up, and in order to ensure smooth financing function of the GEM and accessible, thus avoiding the Hong Kong GEM