Large-scale rate cut did not trigger a positive market expectations, the National Social Security Fund Council, released the news of the stock market into another needle arm, the Social Security Fund, said: will initiate the expansion of the index of investment to strategic investors a stake in his capacity as listed on the State Bank and the Agricultural Bank, to Chongqing, and other high-speed projects such as trust loans to support financial reform and economic development.
Years in a bear market, the hearsay evidence of the positive hype can become a subject matter, following the 4 trillion invested, to cut interest rates sharply, the social security fund is the hope that the stock market.
I hope that the stock can rise to meet the urgent needs of China's economy to ease, but I think the Social Security Fund to rescue the market not only belongs to a fruitless approach, but also belong to the fuel. China social security fund in the stock market, has never had to assume the role of the rescue package, but those who pick the fruit. The reason why investors have not caught onto this, because the Department of Social Security Fund raising people's money order in his capacity as special, and that harm the social security fund is far less strong in the mixed-size, limit the size of the "PE -Bribery. "
Social Security Fund on the market do not offer your unrequited love, in fact Social Security Fund Council said the three-point. Index of the expansion of investment scale, that is, the ETF may invest funds, the current situation is likely to be 50ETF fund will be raised 50ETF in blue-chip stock market index fund and the difference between opening to the Fund and the blue-chip index arbitrage between the provision of Space, to induce the market pushed up blue chips, played an indirect role in propping up the market. On the other hand, if the stock index futures to follow after the introduction of margin trading and securities lending, the social security fund will be able to paving the way.
As for the "pay close attention to the State Bank and the Agricultural Bank to open joint-stock reform process, in order to prepare a stake in his capacity as strategic investors to support the country's financial reforms," White said, but it is going to be listed on the State Bank and the Agricultural Bank of the other major statements, This is "stepping up development of equity fund management approach, in order to further expand the equity investment funds to lay the foundation" of the social security fund is consistent with the established guidelines. 38,000,000,000 yuan in the past, through investment, the social security fund from the Bank, Bank of China and ICBC shares to get to the net proceeds of more than 50,000,000,000 yuan, which is the major income.
Bank of America so that their profits into, so that the social security fund might as well get huge profits. However, this is clearly not committed to save the market, there is no commitment to act as a secondary market stabilization fund.
Social Security Fund has said the "increase investment in key state projects and focus on issues related to people's livelihood-related projects, and strive to achieve on the central 'to promote the development of' strategic requirements; to Chongqing, and other high-speed 5 projects to provide a total of 5,000,000,000 Trust yuan loans to support infrastructure construction and economic development "- and this is in fact the current round of infrastructure investment bank to share the feast. Not even the social security fund, the economic down cycle, large and small banks will follow the large enterprises and projects.
Really has any practical effect in the secondary market is nothing compared with the following commitments - some of the additional equity investment in order to stabilize the market confidence in capital markets and the pursuit of long-term development of a stable income. The so-called additional investment is the same as Huijin additional investment of more than 2,000 million, or an additional 50,000,000? None of uncertainty. I believe that some investors will be subject to short-term speculation, pulled the relevant stock price and then high up in the retail pack on Gao Gang.
To reiterate once again that the social security fund is not a stabilization fund can not save the market; the social security fund, whether to enter a market or secondary market, can not solve non-small, limit the size of the problem. Only by reform-exploit the system to issue new shares in order to do so.
However, I agreed to 10% or more of the state-owned shares under the social security fund, which can be solved only 10% of the largest non-state-owned shares to reduce the pressure, but also to address some of the Chinese stock market has too many non-tradable shares, investors in small and medium-sized state-owned Holdings of listed companies aphasia, at least the social security fund can be a very important game market forces. Social Security Fund through the final performance of listed companies and stock prices rising profits in this regard, the social security fund in line with the interests of ordinary shareholders.
Unfortunately, because of the social security fund and the views of the conflict between the SASAC, the state-owned shares under the social security program for the delay in the dust settled, was replaced by the transfer of state-owned assets, rather than the transfer of state-owned shares, the shares for In the ascendant. Recently, the China Social Security Fund Council, Dai Xianglong, president of Phoenix Satellite TV in an exclusive interview again the old, said the state-owned shares reduction enrich the social security fund's policy is to promote, "I believe they will make public in the near future." I hope so.
10% of the state-owned shares into the social security fund, which means that 10% of the state-owned shares owned part of the property market means that this part of the state-owned shares can be taken from the people eventually, be used on the people, which is in the right direction. This is the basis for reform of the system, and can not take it as the size of the non-special fund for short-term opportunism of the rescue package.
Years in a bear market, the hearsay evidence of the positive hype can become a subject matter, following the 4 trillion invested, to cut interest rates sharply, the social security fund is the hope that the stock market.
I hope that the stock can rise to meet the urgent needs of China's economy to ease, but I think the Social Security Fund to rescue the market not only belongs to a fruitless approach, but also belong to the fuel. China social security fund in the stock market, has never had to assume the role of the rescue package, but those who pick the fruit. The reason why investors have not caught onto this, because the Department of Social Security Fund raising people's money order in his capacity as special, and that harm the social security fund is far less strong in the mixed-size, limit the size of the "PE -Bribery. "
Social Security Fund on the market do not offer your unrequited love, in fact Social Security Fund Council said the three-point. Index of the expansion of investment scale, that is, the ETF may invest funds, the current situation is likely to be 50ETF fund will be raised 50ETF in blue-chip stock market index fund and the difference between opening to the Fund and the blue-chip index arbitrage between the provision of Space, to induce the market pushed up blue chips, played an indirect role in propping up the market. On the other hand, if the stock index futures to follow after the introduction of margin trading and securities lending, the social security fund will be able to paving the way.
As for the "pay close attention to the State Bank and the Agricultural Bank to open joint-stock reform process, in order to prepare a stake in his capacity as strategic investors to support the country's financial reforms," White said, but it is going to be listed on the State Bank and the Agricultural Bank of the other major statements, This is "stepping up development of equity fund management approach, in order to further expand the equity investment funds to lay the foundation" of the social security fund is consistent with the established guidelines. 38,000,000,000 yuan in the past, through investment, the social security fund from the Bank, Bank of China and ICBC shares to get to the net proceeds of more than 50,000,000,000 yuan, which is the major income.
Bank of America so that their profits into, so that the social security fund might as well get huge profits. However, this is clearly not committed to save the market, there is no commitment to act as a secondary market stabilization fund.
Social Security Fund has said the "increase investment in key state projects and focus on issues related to people's livelihood-related projects, and strive to achieve on the central 'to promote the development of' strategic requirements; to Chongqing, and other high-speed 5 projects to provide a total of 5,000,000,000 Trust yuan loans to support infrastructure construction and economic development "- and this is in fact the current round of infrastructure investment bank to share the feast. Not even the social security fund, the economic down cycle, large and small banks will follow the large enterprises and projects.
Really has any practical effect in the secondary market is nothing compared with the following commitments - some of the additional equity investment in order to stabilize the market confidence in capital markets and the pursuit of long-term development of a stable income. The so-called additional investment is the same as Huijin additional investment of more than 2,000 million, or an additional 50,000,000? None of uncertainty. I believe that some investors will be subject to short-term speculation, pulled the relevant stock price and then high up in the retail pack on Gao Gang.
To reiterate once again that the social security fund is not a stabilization fund can not save the market; the social security fund, whether to enter a market or secondary market, can not solve non-small, limit the size of the problem. Only by reform-exploit the system to issue new shares in order to do so.
However, I agreed to 10% or more of the state-owned shares under the social security fund, which can be solved only 10% of the largest non-state-owned shares to reduce the pressure, but also to address some of the Chinese stock market has too many non-tradable shares, investors in small and medium-sized state-owned Holdings of listed companies aphasia, at least the social security fund can be a very important game market forces. Social Security Fund through the final performance of listed companies and stock prices rising profits in this regard, the social security fund in line with the interests of ordinary shareholders.
Unfortunately, because of the social security fund and the views of the conflict between the SASAC, the state-owned shares under the social security program for the delay in the dust settled, was replaced by the transfer of state-owned assets, rather than the transfer of state-owned shares, the shares for In the ascendant. Recently, the China Social Security Fund Council, Dai Xianglong, president of Phoenix Satellite TV in an exclusive interview again the old, said the state-owned shares reduction enrich the social security fund's policy is to promote, "I believe they will make public in the near future." I hope so.
10% of the state-owned shares into the social security fund, which means that 10% of the state-owned shares owned part of the property market means that this part of the state-owned shares can be taken from the people eventually, be used on the people, which is in the right direction. This is the basis for reform of the system, and can not take it as the size of the non-special fund for short-term opportunism of the rescue package.
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