Categories
China Stocks

IS Nov 8 the turning point?

Reading Time: < 1 minute

for Chinese stock market? It looks more and more like it, after two brutal weeks for many small investors/speculators in China. Here is an old article from ChinaTimes.cc (via JinRongJie). The title is 泡沫不死 挤压不止.

From my observation, it is very rare that a prime minister would comment the stock market directly. But again this is China. Borrow the marketing slogan from LiNing (sports wear) anything is possible, 一切都有可能.
===========
本报记者 吴君强   
  11月8日,农历二十四节气“立冬”。仿佛是巧合,这天股市寒风凛冽,沪指重挫近5%,上千只股票下跌。沪指上周跌8%,创下9年来最大单周跌幅。中期调整终以暴跌的姿态确立。   

  在接受《华夏理财》记者采访时,多位分析师认为,本轮中期调整中,大盘可能下探至5000点或4950点。一些更悲观的分析师则认为,在4700点—4800点区域,大盘才能得到有力支撑。   

  他们说,一、二、三线股齐跌,再也没有什么“二八”、“八二”现象充门面,在趋势转向之后,现在有太多的理由,去看空A股市场了。   

  该是“动手”的时候了   

  一切都是有征兆的。   

  11月3日,国务院总理温家宝在外访问之际,罕见地对目前的中国股市作出详细论述。   

  “内地股市增长很快,防止股市泡沫,维持市场平稳健康发展,不要大起大落,将是十分艰巨的。”温家宝说,股市的波动牵扯国家的经济和股民的利益,政府随时关注。他还表态,政府将采取市场手段对股市进行调节,防止其大起大落。   

  “温总理最近的讲话,表明中央对资产泡沫问题的重视程度明显提高。”南方基金一位基金经理说。   

Categories
Fun

Who Knows Chinese Stock Market Better?

Reading Time: < 1 minute

Mr. Greenspan (former US Fed chief), Jim Rogers (legendary investor), or Shang Fu Lin (Chairman, China Securities Regulation Committee)?

For me this is an easy pick (the latter two). But it seems people in the west believe in Mr. Greenspan better. Now after making comments in Feb (which partially caused the Feb. 27 crash), the old man speaks again. Don’t get me wrong, I have a lot respect for Mr. Greenspan regarding economy indicators, monetary policy, all the good stuffs, but not on the Chinese stock market.

IMG_4711