N. Olympic Games after the mainland's economic JPMorgan H shares mad by the city to escape fear

2.95 billion Hong Kong dollar

JP Morgan Chase on July 29 in the reduction of the 10-unit, a total cash of about 2.95 billion Hong Kong dollar, in recent years for the rare large-scale reduction of action.

According to the information the Hong Kong Stock Exchange, JP Morgan Chase (JPMorgan Chase) 7massive reduction in funding for many stocks, generating nearly 30 billion Hong Kong dollars. Funding has always been in favor of JP Morgan Chase shares the day volume reduction of 10 H shares of move, the market speculation and accidents, more than singing in the Olympic Games after the economy, the bank actually on the market the next few months pessimistic about the prospects . The Hong Kong stock market on the Olympic concept stocks continued weakness also shows that the market economy after N. Olympics.

JP Morgan Chase fear the city to escape

Perhaps smell is a potential crisis, JP Morgan Chase this action very strongly underweight. Information, JP Morgan Chase on July 29 more than the reduction of the shares in the capital, including Datang Power Generation, in the Sea Cargo, China Property Insurance, Yanzhou, Conch Cement, China Communications Construction, China Shenhua, China Ocean, F Real estate and Anshan Iron and Steel Company shares. According to agency statistics, the total cash the same day Morgan Chase about 2.95 billion Hong Kong dollar, in recent years for the rare large-scale reduction of action.

More than 10 per H-shares are not blue chips, the industry leader, but it is also sought after popular popular H-shares. In addition, 10 shares in the eight are listed in two places at the same time shares, which are shares of Anshan Iron and Steel Company, Datang Power Generation, in the Sea Cargo, Yanzhou, China Shenhua, Conch Cement and China Ocean. July 29, in addition to shares of Anshan Iron and Steel Company and Conch Cement stocks AH hung upside down, the other six A-share stocks are more H-share premium, AH against the shares ranged from 1.31 to 2.35. Analysts pointed out that since the two listed stocks to mutual influence, perhaps the A-share market is the pessimistic atmosphere of the JP Morgan H shares corresponding to a cautious mood.

The reduction in the crazy, JP Morgan Chase's report is optimistic about the economy after the Olympics. JP Morgan Chase that the Olympic Games to China the third quarter, a very small impact on economic growth, and the Olympics after China's economic slowdown is unlikely.

JP Morgan Chase reported that China is ready to host the Olympic Games and the large number of sports facilities, road construction and other industries will benefit directly, the Olympic Games will enhance the image of China and Beijing, to attract more investment. From the past Olympic host country's experience, greater economies of scale and relatively fast economic growth of the Olympic Games host country susceptible to the impact of the Olympic Games, the Olympics will be held on China's economic impact than some people expected.

Fu Lin, general manager of the Hong Kong Securities Chang Nien told a weekly financial news, although the market is not completely pessimistic about the economy after the Olympics, but N. investors a few investors. As China's economy by the export support, from July onwards, to crack down on Chinese exports, the PRD related businesses have closed down. The recent decline in resources stocks heavy, reflecting reduced export orders, reduced demand for raw materials. The recent market is more pessimistic about the performance of the mainstream point of view. He personally believes that the recent pullback in the international oil prices, the global economy in trouble. Hong Kong stocks throughout August will be a short city, but may rebound in September.

Olympic shares continued to weaken

2008 Beijing Olympics opening day, the stock market became the focus of attention on the Olympic concept stocks failed to decline, and thoroughly smash the previous investors in the "Olympic Quotes" vision.

From the disk, with the concept of the Olympic Sports Unit Anta Sports (2020. HK), shipping stocks Capital Airport (0694. HK), China International Aviation (0753. HK) and property stocks SOHO China (0410. HK), Mr Michael Tien Industrial (0588. HK), and so different from the stock yesterday showed the rate of decline. Among them, Mr Michael Tien, the largest decrease, down 6.699 percent, to 1.95 Hong Kong dollar, followed by Air China, fell 4.282 percent to close at 3.8 Hong Kong dollar; Anta or 2.044 percent, to 5.75 Hong Kong dollar; Capital Airport or 2.764 percent, Hong Kong dollar at 5.98; SOHO China or 3.382 percent, to 4.0 Hong Kong dollar.

Oriental Morning Post, a weekly financial news / Kim Beilei