Recently, a friend of the QQ Xiaohua changed the name of "Feishang Tian duck," because her hands on the shares are replaced by the fat ducks - Quan Jude (002,186 to close at 54.88 yuan). At the same time, she also joined a special group of ducks QQ, the people inside have the same goal - in this Olympic plate on the leading arms in a bite!
Xiaohua QQ on the left in three sentences:
"If you do not have tickets for the Olympic Games, then buy 100 shares Quan Jude!"
"Resolutely Prestige Olympic duck, 60 yuan lower than the price Zaguomaitie boldly buy!"
"Build a concussion at the end of W, Quan Jude by the wind over the Olympic high!"
Xiaohua desperate to recover income, this is only speculation investors Quan Jude in miniature.
Investors sought after "Olympic duck"
With the Olympics approaching, all the frenzied speculation Olympic warm plate is a wave Saiguo wave. Yesterday was the first day of August, Quan Jude not to be outdone, the contrarian on the day-after rising as a shock to a high of 56.45 yuan.
Zida Quan Jude the market, with the Olympics on this subject for a duck to fly cupola. To enter in mid-December last year, eight limit for Quan Jude shares nearly 40 yuan from 78.56 yuan a Biaosheng Zhi. For a time, Quan Jude became the focus of attention of all parties. Thus, we see such a scene, someone entered 50 yuan, 60 yuan to recover some, it was抢to 70 yuan, Quan Jude's shares in sought after we boarded in the sky.
This year, with the A-shares fell, Quan Jude shares also began to fall, the minimum was hit by 34 yuan, to recover the high initial investors to enter the tears. The second quarter, Quan Jude's shares in the stimulation of the Olympic Games, two Chonggao, which is also set to enter into a more investors follow suit.
The concept a bit excessive speculation
Quan Jude last year, less than 0.6 yuan per share, in 2008 mid-year net profit is expected to decline 10 percent to 20 percent. Quan Jude the current stock price more than 54 yuan, static price-earnings ratio has reached 90 times. Many analysts catering to its evaluation of the surprisingly consistent: "too expensive!"
The day before yesterday, Quan Jude announced that the company's operating profit-the first source - Qianmen Beijing on August 7 will be re-opened. This people can not help but think of a focal issue, Quan Jude in the end the Olympic Games can bring great benefits »
Bohai Securities analyst report released earlier said that if the former store can be opened before the Olympics, the 2008 contribution income of about 60 million yuan, the profit contribution of about 15.5 million yuan, the impact of only 0.1 yuan per share. In the interview, almost all the analysts said: "Even though the Olympics are good, the market also excessive speculation!" Bohai Securities analyst, told reporters that at present, the market many high-quality stocks are only about 10 times the Price-earnings ratio, the valuation of dining plates slightly higher, 30 times to 40 times on almost, Quan Jude currently nearly 90 times the static price-earnings ratio, you have the excesses.
Early April, the German stock Quan Jude from a high of 78 yuan fell 42 yuan nearby. At the same time, more than 10 brokerage firms that report, Quan Jude good growth performance, but not enough to support the current stock price, short-term valuation too high, given the "sell" rating. More than 20 yuan into the hearts of the overwhelming majority of institutions the ideal price.
Regardless of all those early recovery of those who now have the depth apply. Shares in it, many in more than 70 yuan crazy to investors hope to become self, and the huge losses also let them lack the courage Gerou. Crazy when the bubble burst, these investors to become the biggest victim of this duck.
2008-08-01
Why the surge of global stock market fell »
The first part, the disk: Global stock markets rose, A stock movements involved real estate, and steel plate
July 31, the sharp rebound in U.S. stocks continue to see the A-share market failed to arouse the confidence of investors, stock prices Thursday morning in Shanghai and Shenzhen exchanges were slightly higher at 7.92 points and 19.72 points, showed there all the way down the trend of unilateralism . From the disk movement, the beginning of the iron and steel, real estate stocks led the index driven stock prices closed lower after a section of small and emerging trend of diving, Daidao ICBC, CCB and other banks the right to re-join the ranks quickly fell, Hu Zhi放量down, at one stroke Breakdown 2800 juncture, the firm early on the 10th, 30-day MA also fell again.午盘concussion index gained momentum, "Emmanuel Zhaxian", with the turnover shrinking again, to return to the Wuliang Yindie the trend, closing approaching, a wave of放量Shadie, Hu Zhi finally close at 2775.72 points, down 2.15 %. Shen Chengzhi to close at 9470.33 points, down 2.53 percent. And the trend of stocks on the plate, the weight weak trend, shares themes atmosphere downturn, stocks Pudie plate and the situation clearly, aviation section, real estate, cement, etc. decreases were larger, plate index has dropped more than 4 percent. From the index involved in the iron and steel, real estate, cement and other sections of the situation, the stock market is still not out of the shadow of macroeconomic regulation and control.
Idle funds, all were transferred to other battlefields. On the contrary, Shanghai, local and non-ferrous metal plate and stocks relatively good.
The second part, the days exclusive indicators and the compass card win Fu: The cattle continue to be reduced by Xiong Tandi, and funding of capital outflow mainly QFII
Thursday the Shanghai and Shenzhen Niugu 453, 350 bears, mule Unit 693. (Wednesday the Shanghai and Shenzhen Niugu 969, Unit 107 bears, mule Unit 424). Thursday Niugu suddenly reduce the number of shows that the market pullback will obviously. Xiong increase in the number of shares, but the mule still large number of shares, investors still room for change was great. Need more information to consider policy-level impact of the proposed operation on the number of shares due to Niuxiong mule close to a bear market in this market investors should see more of the less dynamic, lowered support at the opportunity to consider Dixi. Shang Jiaosuo authorized by the compass win rich data, the last several trading days, the inflow of funds in the market mainly to the Fund, and funding of capital outflow and the QFII mainly retail investors have begun to outflow. Investors are also proposed funding level has been mainly observed.
Definition: Bear shares means that the drop from the running of the stock; Niugu means that the rise from the running of the stock; mule Unit is Niuxiong boundaries between Ridge shares.
The third part of investors: a Dixi lowered support at the opportunity, pay attention to the "rebound led the industry"
The trend in technology: Thursday K-Line form on the formation of Yinxian nearly shaved head walked barefoot, wearing Wuliang Yindie under MA, stock prices have hit lows of the recent rise in triangular shape the next track, the latter part of the trend, the trend of stock prices Friday Will be the key point is the variable-region, if we continue to Suliangyindie breakthrough or triangular shape, the latter part of the trend will continue to seek more favorable under the bottom of a box to support the movement of shocks.
2665,2565 investors support at the regional points.
Investors need to pay attention to is: (a) 31 on the evening of the changes in international oil prices and its suspension on Thursday the China Petroleum and the impact of the trend Friday. Oil prices rebound frustrated, continued to fall, then rebound in the stock market for the benefit. After all, Sinopec has not yet fallen below short-term increase in channel.
(B) from the current management's determination to increase the Weiwen background, the number of investors in the end may be introduced substantive positive «If the" saliva Weiwen "does not work, Wei Wen substantive measures will be introduced, Need to pay close attention to the dynamic changes in the policy level.
(C) in the current sluggish market environment, we can support at every new shares and concern about the trend of the new shares, in principle, each lowered support at Dixi chips are a better opportunity to pay attention to the need to select Band rebound occupy leading position in the industry. Continue to pay attention to the non-cyclical mentioned in this column early pharmaceutical industry stocks, small and medium-sized plate of new shares in the stock issue price not much higher than with equity expansion of capacity and performance growth, the major new Jiancang varieties.
(4) continue to evade the cyclical industries such as steel or high cost of the disadvantaged sections. Contents of the article was supplied by MarketWatch, does not constitute investment advice. Investors this operation, own risk.
If would like to know in detail the specific changes in the stocks of funds, investment certificates days can call the hotline :00-58378060
Tianjin Securities Investment Consulting Company
July 31, the sharp rebound in U.S. stocks continue to see the A-share market failed to arouse the confidence of investors, stock prices Thursday morning in Shanghai and Shenzhen exchanges were slightly higher at 7.92 points and 19.72 points, showed there all the way down the trend of unilateralism . From the disk movement, the beginning of the iron and steel, real estate stocks led the index driven stock prices closed lower after a section of small and emerging trend of diving, Daidao ICBC, CCB and other banks the right to re-join the ranks quickly fell, Hu Zhi放量down, at one stroke Breakdown 2800 juncture, the firm early on the 10th, 30-day MA also fell again.午盘concussion index gained momentum, "Emmanuel Zhaxian", with the turnover shrinking again, to return to the Wuliang Yindie the trend, closing approaching, a wave of放量Shadie, Hu Zhi finally close at 2775.72 points, down 2.15 %. Shen Chengzhi to close at 9470.33 points, down 2.53 percent. And the trend of stocks on the plate, the weight weak trend, shares themes atmosphere downturn, stocks Pudie plate and the situation clearly, aviation section, real estate, cement, etc. decreases were larger, plate index has dropped more than 4 percent. From the index involved in the iron and steel, real estate, cement and other sections of the situation, the stock market is still not out of the shadow of macroeconomic regulation and control.
Idle funds, all were transferred to other battlefields. On the contrary, Shanghai, local and non-ferrous metal plate and stocks relatively good.
The second part, the days exclusive indicators and the compass card win Fu: The cattle continue to be reduced by Xiong Tandi, and funding of capital outflow mainly QFII
Thursday the Shanghai and Shenzhen Niugu 453, 350 bears, mule Unit 693. (Wednesday the Shanghai and Shenzhen Niugu 969, Unit 107 bears, mule Unit 424). Thursday Niugu suddenly reduce the number of shows that the market pullback will obviously. Xiong increase in the number of shares, but the mule still large number of shares, investors still room for change was great. Need more information to consider policy-level impact of the proposed operation on the number of shares due to Niuxiong mule close to a bear market in this market investors should see more of the less dynamic, lowered support at the opportunity to consider Dixi. Shang Jiaosuo authorized by the compass win rich data, the last several trading days, the inflow of funds in the market mainly to the Fund, and funding of capital outflow and the QFII mainly retail investors have begun to outflow. Investors are also proposed funding level has been mainly observed.
Definition: Bear shares means that the drop from the running of the stock; Niugu means that the rise from the running of the stock; mule Unit is Niuxiong boundaries between Ridge shares.
The third part of investors: a Dixi lowered support at the opportunity, pay attention to the "rebound led the industry"
The trend in technology: Thursday K-Line form on the formation of Yinxian nearly shaved head walked barefoot, wearing Wuliang Yindie under MA, stock prices have hit lows of the recent rise in triangular shape the next track, the latter part of the trend, the trend of stock prices Friday Will be the key point is the variable-region, if we continue to Suliangyindie breakthrough or triangular shape, the latter part of the trend will continue to seek more favorable under the bottom of a box to support the movement of shocks.
2665,2565 investors support at the regional points.
Investors need to pay attention to is: (a) 31 on the evening of the changes in international oil prices and its suspension on Thursday the China Petroleum and the impact of the trend Friday. Oil prices rebound frustrated, continued to fall, then rebound in the stock market for the benefit. After all, Sinopec has not yet fallen below short-term increase in channel.
(B) from the current management's determination to increase the Weiwen background, the number of investors in the end may be introduced substantive positive «If the" saliva Weiwen "does not work, Wei Wen substantive measures will be introduced, Need to pay close attention to the dynamic changes in the policy level.
(C) in the current sluggish market environment, we can support at every new shares and concern about the trend of the new shares, in principle, each lowered support at Dixi chips are a better opportunity to pay attention to the need to select Band rebound occupy leading position in the industry. Continue to pay attention to the non-cyclical mentioned in this column early pharmaceutical industry stocks, small and medium-sized plate of new shares in the stock issue price not much higher than with equity expansion of capacity and performance growth, the major new Jiancang varieties.
(4) continue to evade the cyclical industries such as steel or high cost of the disadvantaged sections. Contents of the article was supplied by MarketWatch, does not constitute investment advice. Investors this operation, own risk.
If would like to know in detail the specific changes in the stocks of funds, investment certificates days can call the hotline :00-58378060
Tianjin Securities Investment Consulting Company
Multiple positive Zhuzhang dollars
U.S. The Conference Board's consumer confidence index in July from June touched the low of 16 rose to 51.9, stop the continuous decline in six months, showed that U.S. consumer confidence recovered.
Technically, the dollar index in 12 weeks, the downward trend line break is very likely, likely to start next intermediate rally. However, the short-term dollar index will be encountered in the vicinity of 73.85 weeks on the rail line near the Brin resistance, short-term support in the vicinity of 72.80. The corresponding euro against the dollar in the medium-term goal down below 1.5450, resistance in the short-term rebound in the vicinity of 1.57 British pound fell against the dollar medium-term objectives in the vicinity of 1.96, 1.99 short-term rebound resistance in the vicinity of the dollar against the yen of resistance at around 108.40 or 109.20, Support in the vicinity of 106.80.
Technically, the dollar index in 12 weeks, the downward trend line break is very likely, likely to start next intermediate rally. However, the short-term dollar index will be encountered in the vicinity of 73.85 weeks on the rail line near the Brin resistance, short-term support in the vicinity of 72.80. The corresponding euro against the dollar in the medium-term goal down below 1.5450, resistance in the short-term rebound in the vicinity of 1.57 British pound fell against the dollar medium-term objectives in the vicinity of 1.96, 1.99 short-term rebound resistance in the vicinity of the dollar against the yen of resistance at around 108.40 or 109.20, Support in the vicinity of 106.80.
Concerns about the U.S. official employment report
Technical analysis
The euro / dollar a consolidation trend, to close at 1.5580 U.S. dollars. U.S. stocks closed sharply higher on the 30th, to further boost the dollar. Is expected to exchange rate is expected to lowered 1.5303. 1.5625 built in the proposed short positions, the initial target 1.5492, stop loss at 1.5668.
Sterling / dollar as low as 1.9800 level, the United Kingdom in July Gfk Consumer Confidence Index fell to -39, the former value of -34, the lowest since the 1974 level. By this continue to drag down the greenback, closing at 1.9804 U.S. dollars in Asia. Expected the greenback will continue to downlink, the proposed short positions built in the 1.9807 target 1.9712, stop loss at 1.9854.
Aussie / dollar this morning, Australia June retail sales unexpectedly fell and the Australian central bank data showed weaker-than-expected private sector credit, the Australian dollar fell, hit the first low of 0.9450. Short-term rate is expected to be dropped on July 13 low of 0.9333. 0.9505 built in the proposed short positions, objectives 0.9403, stop loss at 0.9539.
The euro / dollar a consolidation trend, to close at 1.5580 U.S. dollars. U.S. stocks closed sharply higher on the 30th, to further boost the dollar. Is expected to exchange rate is expected to lowered 1.5303. 1.5625 built in the proposed short positions, the initial target 1.5492, stop loss at 1.5668.
Sterling / dollar as low as 1.9800 level, the United Kingdom in July Gfk Consumer Confidence Index fell to -39, the former value of -34, the lowest since the 1974 level. By this continue to drag down the greenback, closing at 1.9804 U.S. dollars in Asia. Expected the greenback will continue to downlink, the proposed short positions built in the 1.9807 target 1.9712, stop loss at 1.9854.
Aussie / dollar this morning, Australia June retail sales unexpectedly fell and the Australian central bank data showed weaker-than-expected private sector credit, the Australian dollar fell, hit the first low of 0.9450. Short-term rate is expected to be dropped on July 13 low of 0.9333. 0.9505 built in the proposed short positions, objectives 0.9403, stop loss at 0.9539.
Wall Street economic data overall impact of the three major market indexes were down sharply
The United States Thursday announced second-quarter GDP data and unemployment figures last week were disappointing. People on the health of the financial system again Heart suspected. Today, oil prices dropped slightly and Bristol-Myers Squibb and ImClone pharmaceutical pharmaceutical reached 4.5 billion U.S. dollars deal of good news for investors more or less brought some joy. But still can not stop Wall Street stocks set Bengdie today. The Dow fell 205.67 points to 11378.02 points, or 1.78 percent for the Standard & Poor's 500 index fell 16.88 points to 1267.38 points, or 1.31 percent, the Nasdaq composite index fell 4.17 points to 2325.55 points, or 0.18 percent. July the Dow rose 0.25 percent; superscript Puzhang 0.99 percent, the Nasdaq composite index rose 1.42 percent, statistics show that slightly better than in June. The Russell 2000 index of small and medium companies fell 4.34 points to 714.52 points, or 0.60 percent.
The 10-year Treasury yields from 4.05 percent yesterday, fell to 3.95 percent today. The New York Mercantile Exchange, light sweet crude prices dropped 2.69 U.S. dollars a barrel to close at 124.08 U.S. dollars.
The company, ExxonMobil fell 3.95 to 80.43 U.S. dollars, or 4.7 percent of Motorola rose 96 cents to 8.64 U.S. dollars, or 12.5 percent; Disney fell 1.32 to 30.35 U.S. dollars, a decrease of 4.2%; Kodak or 1.13 Dollars to 14.64 U.S. dollars, a decrease of 7.2 percent. ImClone drug rose from 17.49 to 63.93 U.S. dollars, or 37.7%; Bristol-Myers fell 39 cents to 21.12 U.S. dollars.
New York Stock Exchange trading volume of 51.6 million shares, compared with yesterday's slightly more of 5.06 billion shares. Value rose less than 3 to 2 ratio decreased value.
The 10-year Treasury yields from 4.05 percent yesterday, fell to 3.95 percent today. The New York Mercantile Exchange, light sweet crude prices dropped 2.69 U.S. dollars a barrel to close at 124.08 U.S. dollars.
The company, ExxonMobil fell 3.95 to 80.43 U.S. dollars, or 4.7 percent of Motorola rose 96 cents to 8.64 U.S. dollars, or 12.5 percent; Disney fell 1.32 to 30.35 U.S. dollars, a decrease of 4.2%; Kodak or 1.13 Dollars to 14.64 U.S. dollars, a decrease of 7.2 percent. ImClone drug rose from 17.49 to 63.93 U.S. dollars, or 37.7%; Bristol-Myers fell 39 cents to 21.12 U.S. dollars.
New York Stock Exchange trading volume of 51.6 million shares, compared with yesterday's slightly more of 5.06 billion shares. Value rose less than 3 to 2 ratio decreased value.
With the A-share index rise 800 points downturn firm Commissioner 22,800 points
Friday, Wall Street the Dow plummeted, A Huzhi stocks lower early shocks. Hong Kong stocks, the Hong Kong Hang Seng Index opened 233 points lower, at 22207.31 points minimum, the day to close at 22862.60 points, up 131.50 points, or 0.58 percent; China Enterprises Index at 12545.22 points, up 38.48 or 0.31 percent red-chip index at 4736.32 points, up 26.80 points, or 0.57 percent.
Greenspan said the U.S. house prices is far from bottoming out
U.S. Federal Reserve Chairman Alan Greenspan before the Committee on the 31st in a television interview that the U.S. housing prices fall far from bottoming out.
U.S. President George W. Bush has just signed a relief package of bills the real estate market, Greenspan this time position that he does not think that the U.S. Government and Congress to take measures can have immediate effect. But he also pointed out that: "We concentrate on stabilizing the financial system, which is very important."
A number of data indicate that the United States very sluggish real estate market. Standard & Poor's Case - Schiller's housing price index showed that in May U.S. housing prices in 20 major cities in the same period last year decreased by 15.8%. National Association of Realtors said that sales in June fell to second-hand housing 10 to the lowest point. The Commerce Department said new home sales in June fell 33.2 percent year-on-year.
Greenspan from 1987 to 2006 as chairman of the Federal Reserve, some critics believe that the U.S. real estate bubble a few years ago during his term of office of its low interest rate policy has a lot.
U.S. President George W. Bush has just signed a relief package of bills the real estate market, Greenspan this time position that he does not think that the U.S. Government and Congress to take measures can have immediate effect. But he also pointed out that: "We concentrate on stabilizing the financial system, which is very important."
A number of data indicate that the United States very sluggish real estate market. Standard & Poor's Case - Schiller's housing price index showed that in May U.S. housing prices in 20 major cities in the same period last year decreased by 15.8%. National Association of Realtors said that sales in June fell to second-hand housing 10 to the lowest point. The Commerce Department said new home sales in June fell 33.2 percent year-on-year.
Greenspan from 1987 to 2006 as chairman of the Federal Reserve, some critics believe that the U.S. real estate bubble a few years ago during his term of office of its low interest rate policy has a lot.
Market economy for half an hour after the Olympic Games, was severely overdrawn prices will be down
Enditem
Starting in 2001, the Beijing real estate development and investment in the total fixed asset investment was the proportion of rapid Elevated, Cuanzhi more than 50% of high, in 2004 set a record high of 58.27 percent, far exceeding the 10 percent of the The international warning line, but also much higher than the national average of about 15 percent of the level Clearly, the successful bid to host the Olympic Games and Olympic-related investment, Beijing has greatly stimulated the real estate development activities.
Today, we continue to carry out post-Olympic guess, we analyzed the Olympic Games yesterday after the stock market, the experts tell us that the Olympics will not bring you look forward to the Olympic market, the stock market really need to depend on the performance of China's economic fundamentals, Today let us look at the Olympic Games before and after the real estate market.
And compared to the stock market, property market and the relationship between the Olympic Games seems to be more direct, especially in Beijing, the Olympic preparations for the huge infrastructure investment, the city's image and enhance the overall strength of these good are bound to reflect the prices of sensitive, are Because they expected that Beijing's property market early and the emergence of a round of the Olympic popular market, we have first to find out.
Beijing property prices starting in 2001 as the starting gun of the successful bid that moment started
July 13, 2001, the International Olympic Committee President Juan Antonio Samaranch announced Beijing as host city for 2008 Olympic Games, "Olympic" from the grid in the hearts of the Chinese people, even though money can not override the Olympic spirit above, but from this moment , The Olympic movement contain the tremendous impetus to economic development has entered a Chinese perspective.
Peking University real estate Chan Kwok-keung, director of the Institute: "We use the real estate sector is very well-known, Feng Lun is a prediction, then his own in Moscow, then that Beijing's successful Olympic bid, he said a remark that the Olympic bid - The Beijing property market is a long-term positive factor. "
As China's real estate man, Wantong Group Chairman of the Board Pinglun the first time predicted that by riding on the east wind of the Olympic Games, Beijing's high-end housing prices rise to nearly 20,000 yuan per square metre not be a problem, and then the Beijing CBD area Jing renovated apartment prices less than 10,000 yuan, is based on the tremendous confidence in the Olympic Games, in the face of endless attractive opportunities, a crazy "enclosure movement" along with the Olympic bid's success opened the curtain.
21 real estate Lu, vice chairman of Air China: "01 years later, I think the growth is not immediately developed, but access to land."
Starting in 2001, the Beijing real estate development and investment in the total fixed asset investment was the proportion of rapid Elevated, Cuanzhi more than 50% of high, in 2004 set a record high of 58.27 percent, far exceeding the 10 percent of the The international warning line, but also much higher than the national average of about 15 percent, while in Shanghai, real estate investment rate was only 30 percent. This shows that the successful bid to host the Olympic Games and the Olympic Games-related investment has greatly stimulated the real estate development activities in Beijing, China in the Olympic Garden, the Beijing Olympic Garden, the North East OCA Centre, the new Austrian houses, and so on a large number of "Olympic" event of the word拔地而起.
Hang Lu: "With the successful bid to host the Olympic Games, the developer of many of the beginning of the layout of this area, including the Olympic village in the vicinity of the plate, then began a lot like starting out in gradually introduced gradually."
North in Beijing, the Olympic venues, "nest" and "Water Cube" has become a surface of the building, while the same is the hallmark of the prices of nearby flats, "Water Cube" the west side of the one called "Pangea Taikan" The apartments, the average price reached 65,000 yuan per square meter, while "The Very Taikan" 500 meters north of the "Olympic Village" is another popular regional event of OCA, in the event of athletes during the Olympic Games will serve as the use of apartments, The purchase of "Olympic Village" the customer can only be admitted in 2009, it purchased the slightest unstoppable enthusiasm, and from the Olympic Village opened at 16,500 yuan per square metre for up to a 27,000 yuan, according to the 21st century real estate in Beijing OCA view of the 11 flats for the price statistics show that in just a few years of house prices showed a sharp rise, the highest gain of 250 percent, the lowest gain was 75%.
Chan Kwok-keung: "Looking back at it now today, the future market changes Pinglun a forecast should still very conservative."
Indeed, because more than OCA region, the whole Beijing's housing prices since 2006, the triple jump-leap in early 2006, three-ring in the event of breakthrough million in 2006, the City of Victoria, the event followed by breaking the million, while 2007 In mid-rings have been hard to get million following the event.
Reporter: "Mr Tsang, I remember that in 2001 Beijing's successful Olympic bid has the time, many developers say that this is a major Beijing real estate market and good news, now seven or eight years have passed, you think, Looking back, What is this good »"
Palm Springs Holdings Ltd., Chairman of the Board, Zeng Wei: "In the eight years there, the Beijing municipal government had about 180 billion yuan, of which about 90 billion for roads, transport, these new airport, probably around 45 billion for the city To improve the environment, then spent nearly another 30 billion to transform this figure in Beijing, there are 15 billion is spent on water, electricity, gas into some of these areas, so I think that this past eight years, is definitely the Beijing raised the A big step, this is the功不可没. "
Beijing well-known as the high-end projects "Palm Springs International Apartment," the developers, Zeng Wei, the Olympic Games to Beijing urban infrastructure construction was fully up to date, so that the value of Beijing City was a rapid increase, the real estate market gain a tremendous development Space.
Zeng Wei: "direct beneficiaries of a small number of people, the real estate business, then the majority of the city and by enhancing the value of the overall development."
Looking at Beijing from 2002 to 2007 domestic goods turnover价格走势图, we can see that 2002 to 2004, the Beijing housing prices still in the downturn, then 2005 is a stable growth period, beginning in 2006 Rates Rapid growth, soaring into the 2007 period, the momentum, and Beijing urban infrastructure construction progress of the match.
Hang Lu: "In fact this is a indeed a cheque honoured a process, you said this place will be passed to the road, there will be a good Subway will repair, as always now people really see in the subway - , In particular, makes this feeling some new district, the district people's confidence is growing enough. "
Beijing University, director of the Institute of Real Estate Chan Kwok-keung do not think the Olympic Games to Beijing housing prices into a bubble, he said that the turning point early in the second mortgage is due to policies introduced, the tight monetary policy and the central bank has repeatedly raising interest rates , "Card" to live the real estate market also restrained the throat of the advance purchase of consumption and investment demand.
Olympic and real estate, and whether there is any kind of contact »
Beijing property prices start of the starting gun, as early as 2001 Olympic bid successful that moment on started, accompanied by city traffic, improve the living environment of Beijing's real estate industry has also entered an accelerated rise in the channel, however, contrary to many people 's Expectations, the property market for several years on the scraping of the Olympic Games wind, but in the Olympic year, a sudden halt, the Beijing Municipal Bureau of Statistics released the latest data indicate that: first half of this year, the Beijing city's housing, year-on-year decline in sales of 47.1 % At the same time, sending the BMW purchase, gift fine decoration, special promotions, late straight down, and so on promotions is to pour in, why not open the Olympic Games, the Beijing property market inflection point on a «us找找reasons.
July 8, 2008 the "Nanfang Dushi Bao", published in a giant version of an apology ad, it is because housing prices in Shenzhen Duju loss, Peking University, Professor Xu Dianqing Duju honoured its promise to publicly apologize to the people of Shenzhen, according to Shenzhen City's Bureau of real estate data show that in January this year, Shenzhen prices fell below 15,000 yuan per square meter, more in May fell below 12,000 yuan per square meter, house prices fell by nearly 30% of Shenzhen, the attention of the National Housing Price champion, the first to feel the real estate market's "winter", and then from Shenzhen to the PRD, the property market has spread to the cold spell in Shanghai and Beijing.
21 real estate Lu, vice chairman of Air China: "This year, the new set of trading volume we all know, there should be 40 per cent of the downturn, the stock of Beijing's transaction volume is quite big decline, we think that should be at least 20 Percent or more of. "
In the spring of this year, the Beijing Real Estate Trade Fair, in order to attract the attention of buyers, developers it has employed every skills: the one launched promotional body painting done, the other 20,000 down payment from the bus and donated 2,000 yuan Card, the car won engage in a lucky draw, from purchases of property sent to buy a house delivery vehicles, entered the 5,6 on the Beijing property market is once again set off a tidal wave of concessions.
Focus Real Estate Network Information Center Director Laofang: "The minimum is 10 per cent discount, but also send some of the costs of property, of his own in the event of the discount, we went to after his presentation on the pack."
From the trading volume significantly shrink to a radical discount promotions, the Beijing property market last year Rehuochaotian thoroughly into the doldrums wait-and-see "winter", the firm finally loosening the price.
Hang Lu: "Then the last three weeks, we see more clearly, in Beijing, some local housing prices go down a clear beginning, we see that there is a nearly 15 percent decline in housing prices."
Price seems to be the turning point came earlier than expected number.
Chinese Academy of Social Sciences, investment and market research director Cao Jianhai: "the original more conservative estimate is that in the end, that is more accurate to say that from January 2009 onwards, it seems now that this six months ahead of the cycle."
And Cao Jianhai, the National Development and Reform Commission, Institute of Economic Research economic operation and Development Research Office Wang Xiaoguang has published research report is expected, before the 2008 Olympic Games, real estate will remain partial hot growth, at the top of the medium-term prosperity of the region, What are the reasons for the early show the inflection point »
Cao Jianhai: "Because of our housing prices have long been the basis of overdraft facilities to the convenience of the people."
To illustrate the high housing prices have greatly advances the concept of the Olympic Games, Cao Jianhai account calculations to reporters: From 2001 to early 2008 Olympics, Beijing and the Olympic Games directly related to infrastructure investment of about 180 billion yuan, coupled with supporting Communications, posts and telecommunications, roads, education, afforestation, non-Olympic, such as direct investment, a total of around 500 billion yuan, but as of the end of 2007, the Beijing municipal housing within the City of Victoria from 2001 average price of 5,000 yuan per square meter Up to 15,000 yuan, per square meter that is up 10,000 yuan, according to Beijing's 16 million resident population, the per capita residential area of 25 square meters, the residential construction area Total 400 million square meters, which means that from 2001 Since Beijing's total value of residential housing rose by 4 trillion yuan.
Cao Jianhai: "But we have just made a total investment of 500 billion but is, in turn, increase the rate of housing over the input of nearly 8 times that of the Olympic Games so that the market was far from overdrafts."
Chinese Academy of Social Sciences, investment and market research director Cao Jianhai told reporters that excessive advances the concept of the Olympic Games means that a large number of housing price bubble, and some of the real estate market speculators sniff out the danger, to get rid out of the hands of the availability, but Since selling too much, there's a pattern of poor sales, prices will drop into the market early.
Cao Jianhai told reporters that excessive advances the concept of the Olympic Games means that a large number of housing price bubble, and some of the real estate market speculators sniff out the danger, to get rid out of the hands of the availability, but due to selling too much of a pattern of poor sales Prices will advance into the drop in prices, real estate and director of the Institute of Beijing University, Chan Kwok-keung do not think the Olympic Games to Beijing housing prices into a bubble, he said that the turning point early in the second mortgage is due to policies introduced, from Tight monetary policy and the central bank has repeatedly raising interest rates, "card" to live the real estate market also restrained the throat of the advance purchase of consumption and investment demand.
Peking University real estate Chan Kwok-keung, director of the Institute: "For the real estate industry a national macro-control policy, regulation and control policy is a combination of the effect of gradually emerged, and then again from the outside, is the international and domestic economy, in fact facing Many uncertain factors, they also contribute to our consumers, buyers appear more obvious the wait-and-see attitude. "
Beijing property market inflection point ahead of the year, this is not only contrary to many people's expectations, but also to many experts had forecast a drop-air, in the end because the concept was ahead of the Olympic Games overdraft, or because the whole macro-economic environment has changed »in It seems to me that perhaps these two factors are jointly promote the movement of house prices, the Olympic and real estate, and whether there is any kind of contact »who have held the Olympic Games cities, their Olympic real estate market is how Release of «I also interviewed a global professional real estate services company Jones Lang LaSalle, to listen to their analysis.
Reporter: "Can you tell us, like Sydney, Seoul, Atlanta, Greece hosted the Olympic Games have these cities, their residential housing prices in the Olympics before and after what has changed?» "
Jones Lang LaSalle Beijing research manager Ben Christensen: "cities and between cities is not the same, I think the best example is the Barcelona Olympics before大兴土木, in the real estate and infrastructure construction on a lot of investment In the short term拔地而起large number of buildings, but Barcelona's economy is relatively stable, so the Olympic Games after the price dropped substantially. "
1986-1993, Barcelona, house prices rose by 250-300 percent, but with the end of the Olympic Games, a substantial decline in housing prices, the biggest annual decline to 50 percent until 1999 before a gradually improving, many people due to speculation of Finance , But also by the many people trapped, and Barcelona is the complete opposite, Seoul 1988 Olympic Games, not only the low prices no effect, the real estate market instead of rapidly warming, continued to boom in 1995, such examples are Sydney, 1993 Sydney bid to host the 2000 Olympic Games, the annual housing prices triggered more than 10 percent of the increase in the next 78 hours, the city housing prices doubled after the 2000 Olympic Games, Sydney house prices due to inertia Role has remained up and continued until the end of 2003, the same as the Olympic Games organized by the city, the situation of the widely divergent »
Ben Christensen: "Support the real estate market growth is the main driving force of demand from population and income growth in the decision, and the Olympics itself almost no relationship."
Reporter: "So you mean is that demand and prices are not directly associated with the Olympic Games» "
Ben Christensen: "Yes, they can only link is when this market speculation, if there is speculation that this part of the Olympic Games after the growth will of course be removed from this part of the price of natural growth to drop back. "
As Jones Lang LaSalle Beijing research manager, the «Vieques Fujimori and his team had just completed a" rapid move towards the new Beijing, "the White Paper, the report pointed out that, in order to successfully hold this year's Olympics, Beijing carried out The history of the Olympics on an unprecedented scale of investment, expansion of the airport, highway, subway and parks, improved transport, afforestation, environmental protection, a 3 G communication facilities, and other inputs, enabling Beijing to become more suitable for residential and commercial development areas.
Reporter: "So you and your company is expected to how the trend of prices after the Beijing Olympics?» "
Ben Christensen: "We expect the Olympic Games in Beijing after the prices have not fallen sharply, in 2008 the market will become more stable, we expect 2009,2010, the price will be returned to rational."
After the Olympics, which house prices will move toward the direction »
Our analysis of a number of Olympic host city property market prices, although the situation around may be different, but the decision of these cities Price Change, in the final analysis or the local population and economic conditions. Similarly, the judgement of the Beijing property market trend, we can not just stare at the Olympic Games this short half a month, have to look at the city's development, or even the whole of China to pay attention to the long-term economic prospects, the Olympic Games before the Beijing property market has been ahead of a turning point , After the Olympic Games, which direction prices will go to «This is what we are most concerned about.
Although the current property market outlook is uncertain, but Zeng Wei was not worried about, he told reporters that he was with great fanfare in Beijing started building a more upscale hotel-style apartments.
Palm Springs Holdings Ltd., Chairman of the Board, Zeng Wei: "Olympics in Beijing on a historic moment, but it in this process, the most important is China's urbanization process in China and the world economic development of such a process, then it's The addition of new immigrants, then with the Olympic Games will fully, it will be sustained economic development. "
Zeng Wei, the Olympic Games to Beijing will organize more international, part of the psychological high-income groups are expected to continue to rise, the high-end real estate development will undoubtedly provide a broader space, and this «Vieques Fujimori also believes that a Irreplaceable advantages in the prices of flats will remain strong.
Jones Lang LaSalle Beijing research manager Ben Christensen: "withstand the test are those with residential characteristics, lots of excellent, cost-effective."
The «Vieques Fujimori told reporters, after the Olympic Games, both high-end, mid-or low-end residential real estate market is essential for the healthy development of a truth, that is, the market value of high and low decision size, those cost-effective low , Poor quality, price increases on speculation of flats in the market return to rational, value prices in the process of reunification, will pay a heavy price, and Tsinghua University, director of the Brookings Center for Public Policy Research Dr. Xiao Geng, the Chinese real estate From the market has been "purely market-oriented" to the market and protect Concurrent's "dual track" that is, "the market to the market, to the protection of security", the crowd was increased protection of commercial housing purchased will be reduced by the crowd and change consumers were "forced" to buy Gao Jiafang situation.
Tsinghua University, director of the Brookings Center for Public Policy Research Xiao Geng: "Hong Kong is actually a very prominent in this area, 40% of them are Hong Kong residents enjoy more or less government subsidies for their housing, or low-cost room, or To sell their relatively cheap rent. "
2008, the State Council have made it clear "to establish housing security system" into the government work plan, the housing security system this year from the rigid policy provisions of the tentacles can be turned into a touch of home project, a set of affordable housing and low-cost Housing .
Chinese Premier Wen Jiabao: "This year we must take four measures: First, we must improve the low-rent housing system, speed up low-cost housing construction, increase the availability supply, strengthening the economy to housing construction and management, positive solution to low-income urban mass housing difficulties. "
Reporter noted that this year the government work report, the number of words related to housing nearly 600 characters, for the length of the calendar year, the government work report in 2008, crime and health care is destined to become a housing security system in the building of more content, more exciting one年.
Chinese Premier Wen Jiabao: "This year the low-rent housing system for funding the construction of 6.8 billion yuan, 1.7 billion yuan more than last year; local governments at all levels should increase input in this regard."
For Beijing, this is Olympic year, is also a letter of guarantee, according to Beijing's housing construction plan announced in Beijing this year, the city's planned 27.5 million square meters of new housing, low-cost housing 500,000 square meters , Economy housing 3 million square meters, housing prices 4.5 million square meters, housing and protection of the new housing plan 40 percent of the total. In Shanghai, the first batch of 1.6 million square meters of economy housing will also be in the third quarter of this year started a comprehensive, start the construction of the whole year will reach 4 million square meters; next five years, Shanghai will be the new economy of about 300,000 housing units Sets, 20 million square meters of new residential scale of the same period of around 20 percent. Guangdong Province in urban planning will solve the housing problems of low-income families into the public financial coverage, multi-channel mobilization and organization of low-cost housing security funds. Clearly, the real estate policy has been tilted to the housing security, the more people look forward to a smooth rational early arrival of the real estate market.
Chinese Premier Wen Jiabao: "We must unswervingly promote housing reform and construction, so that the masses of the people live and work in peace."
Half-hour observation: Olympic economy is not a "crisis"
After a round of soaring, the real estate market finally appeared "stable", neither is expected to appear in the "Olympic Market", has not appeared in the Bei Guanzhe expected sharp fall. All appear to have a smooth or walked back in, even the design of the system also began to become "the market to the market, to the protection of security."
Many passengers believe that Chaofang: the Olympic Games will promote housing prices skyrocketing, and the prices will plunge after the Olympics. Facts have proven that they are wrong. Not only economists, government officials, even ordinary people are also aware of: the Olympic Games for China's economic impact, not like a storm, is a strong short-term effect, while China's economy should be an integral part of a long A section of road in the beautiful course. She let the world see a more real, more vibrant China, but also to enable more investors to see the rapid development of China's reserves of more business opportunities. This is the real estate market, one of the most long-term good.
Stable growth, sustainable development of the real estate market in line with national policy and also with ordinary people's purchasing power and psychological expectations. Only a rational, healthy and orderly market, can bring stability in prices, only such a market, there will not be the people most worried about skyrocketing plummeted.
One sentence: Do not overestimate the Olympics for the short-term role of house prices, do not underestimate the Olympic Games to promote the long-term prices.
Starting in 2001, the Beijing real estate development and investment in the total fixed asset investment was the proportion of rapid Elevated, Cuanzhi more than 50% of high, in 2004 set a record high of 58.27 percent, far exceeding the 10 percent of the The international warning line, but also much higher than the national average of about 15 percent of the level Clearly, the successful bid to host the Olympic Games and Olympic-related investment, Beijing has greatly stimulated the real estate development activities.
Today, we continue to carry out post-Olympic guess, we analyzed the Olympic Games yesterday after the stock market, the experts tell us that the Olympics will not bring you look forward to the Olympic market, the stock market really need to depend on the performance of China's economic fundamentals, Today let us look at the Olympic Games before and after the real estate market.
And compared to the stock market, property market and the relationship between the Olympic Games seems to be more direct, especially in Beijing, the Olympic preparations for the huge infrastructure investment, the city's image and enhance the overall strength of these good are bound to reflect the prices of sensitive, are Because they expected that Beijing's property market early and the emergence of a round of the Olympic popular market, we have first to find out.
Beijing property prices starting in 2001 as the starting gun of the successful bid that moment started
July 13, 2001, the International Olympic Committee President Juan Antonio Samaranch announced Beijing as host city for 2008 Olympic Games, "Olympic" from the grid in the hearts of the Chinese people, even though money can not override the Olympic spirit above, but from this moment , The Olympic movement contain the tremendous impetus to economic development has entered a Chinese perspective.
Peking University real estate Chan Kwok-keung, director of the Institute: "We use the real estate sector is very well-known, Feng Lun is a prediction, then his own in Moscow, then that Beijing's successful Olympic bid, he said a remark that the Olympic bid - The Beijing property market is a long-term positive factor. "
As China's real estate man, Wantong Group Chairman of the Board Pinglun the first time predicted that by riding on the east wind of the Olympic Games, Beijing's high-end housing prices rise to nearly 20,000 yuan per square metre not be a problem, and then the Beijing CBD area Jing renovated apartment prices less than 10,000 yuan, is based on the tremendous confidence in the Olympic Games, in the face of endless attractive opportunities, a crazy "enclosure movement" along with the Olympic bid's success opened the curtain.
21 real estate Lu, vice chairman of Air China: "01 years later, I think the growth is not immediately developed, but access to land."
Starting in 2001, the Beijing real estate development and investment in the total fixed asset investment was the proportion of rapid Elevated, Cuanzhi more than 50% of high, in 2004 set a record high of 58.27 percent, far exceeding the 10 percent of the The international warning line, but also much higher than the national average of about 15 percent, while in Shanghai, real estate investment rate was only 30 percent. This shows that the successful bid to host the Olympic Games and the Olympic Games-related investment has greatly stimulated the real estate development activities in Beijing, China in the Olympic Garden, the Beijing Olympic Garden, the North East OCA Centre, the new Austrian houses, and so on a large number of "Olympic" event of the word拔地而起.
Hang Lu: "With the successful bid to host the Olympic Games, the developer of many of the beginning of the layout of this area, including the Olympic village in the vicinity of the plate, then began a lot like starting out in gradually introduced gradually."
North in Beijing, the Olympic venues, "nest" and "Water Cube" has become a surface of the building, while the same is the hallmark of the prices of nearby flats, "Water Cube" the west side of the one called "Pangea Taikan" The apartments, the average price reached 65,000 yuan per square meter, while "The Very Taikan" 500 meters north of the "Olympic Village" is another popular regional event of OCA, in the event of athletes during the Olympic Games will serve as the use of apartments, The purchase of "Olympic Village" the customer can only be admitted in 2009, it purchased the slightest unstoppable enthusiasm, and from the Olympic Village opened at 16,500 yuan per square metre for up to a 27,000 yuan, according to the 21st century real estate in Beijing OCA view of the 11 flats for the price statistics show that in just a few years of house prices showed a sharp rise, the highest gain of 250 percent, the lowest gain was 75%.
Chan Kwok-keung: "Looking back at it now today, the future market changes Pinglun a forecast should still very conservative."
Indeed, because more than OCA region, the whole Beijing's housing prices since 2006, the triple jump-leap in early 2006, three-ring in the event of breakthrough million in 2006, the City of Victoria, the event followed by breaking the million, while 2007 In mid-rings have been hard to get million following the event.
Reporter: "Mr Tsang, I remember that in 2001 Beijing's successful Olympic bid has the time, many developers say that this is a major Beijing real estate market and good news, now seven or eight years have passed, you think, Looking back, What is this good »"
Palm Springs Holdings Ltd., Chairman of the Board, Zeng Wei: "In the eight years there, the Beijing municipal government had about 180 billion yuan, of which about 90 billion for roads, transport, these new airport, probably around 45 billion for the city To improve the environment, then spent nearly another 30 billion to transform this figure in Beijing, there are 15 billion is spent on water, electricity, gas into some of these areas, so I think that this past eight years, is definitely the Beijing raised the A big step, this is the功不可没. "
Beijing well-known as the high-end projects "Palm Springs International Apartment," the developers, Zeng Wei, the Olympic Games to Beijing urban infrastructure construction was fully up to date, so that the value of Beijing City was a rapid increase, the real estate market gain a tremendous development Space.
Zeng Wei: "direct beneficiaries of a small number of people, the real estate business, then the majority of the city and by enhancing the value of the overall development."
Looking at Beijing from 2002 to 2007 domestic goods turnover价格走势图, we can see that 2002 to 2004, the Beijing housing prices still in the downturn, then 2005 is a stable growth period, beginning in 2006 Rates Rapid growth, soaring into the 2007 period, the momentum, and Beijing urban infrastructure construction progress of the match.
Hang Lu: "In fact this is a indeed a cheque honoured a process, you said this place will be passed to the road, there will be a good Subway will repair, as always now people really see in the subway - , In particular, makes this feeling some new district, the district people's confidence is growing enough. "
Beijing University, director of the Institute of Real Estate Chan Kwok-keung do not think the Olympic Games to Beijing housing prices into a bubble, he said that the turning point early in the second mortgage is due to policies introduced, the tight monetary policy and the central bank has repeatedly raising interest rates , "Card" to live the real estate market also restrained the throat of the advance purchase of consumption and investment demand.
Olympic and real estate, and whether there is any kind of contact »
Beijing property prices start of the starting gun, as early as 2001 Olympic bid successful that moment on started, accompanied by city traffic, improve the living environment of Beijing's real estate industry has also entered an accelerated rise in the channel, however, contrary to many people 's Expectations, the property market for several years on the scraping of the Olympic Games wind, but in the Olympic year, a sudden halt, the Beijing Municipal Bureau of Statistics released the latest data indicate that: first half of this year, the Beijing city's housing, year-on-year decline in sales of 47.1 % At the same time, sending the BMW purchase, gift fine decoration, special promotions, late straight down, and so on promotions is to pour in, why not open the Olympic Games, the Beijing property market inflection point on a «us找找reasons.
July 8, 2008 the "Nanfang Dushi Bao", published in a giant version of an apology ad, it is because housing prices in Shenzhen Duju loss, Peking University, Professor Xu Dianqing Duju honoured its promise to publicly apologize to the people of Shenzhen, according to Shenzhen City's Bureau of real estate data show that in January this year, Shenzhen prices fell below 15,000 yuan per square meter, more in May fell below 12,000 yuan per square meter, house prices fell by nearly 30% of Shenzhen, the attention of the National Housing Price champion, the first to feel the real estate market's "winter", and then from Shenzhen to the PRD, the property market has spread to the cold spell in Shanghai and Beijing.
21 real estate Lu, vice chairman of Air China: "This year, the new set of trading volume we all know, there should be 40 per cent of the downturn, the stock of Beijing's transaction volume is quite big decline, we think that should be at least 20 Percent or more of. "
In the spring of this year, the Beijing Real Estate Trade Fair, in order to attract the attention of buyers, developers it has employed every skills: the one launched promotional body painting done, the other 20,000 down payment from the bus and donated 2,000 yuan Card, the car won engage in a lucky draw, from purchases of property sent to buy a house delivery vehicles, entered the 5,6 on the Beijing property market is once again set off a tidal wave of concessions.
Focus Real Estate Network Information Center Director Laofang: "The minimum is 10 per cent discount, but also send some of the costs of property, of his own in the event of the discount, we went to after his presentation on the pack."
From the trading volume significantly shrink to a radical discount promotions, the Beijing property market last year Rehuochaotian thoroughly into the doldrums wait-and-see "winter", the firm finally loosening the price.
Hang Lu: "Then the last three weeks, we see more clearly, in Beijing, some local housing prices go down a clear beginning, we see that there is a nearly 15 percent decline in housing prices."
Price seems to be the turning point came earlier than expected number.
Chinese Academy of Social Sciences, investment and market research director Cao Jianhai: "the original more conservative estimate is that in the end, that is more accurate to say that from January 2009 onwards, it seems now that this six months ahead of the cycle."
And Cao Jianhai, the National Development and Reform Commission, Institute of Economic Research economic operation and Development Research Office Wang Xiaoguang has published research report is expected, before the 2008 Olympic Games, real estate will remain partial hot growth, at the top of the medium-term prosperity of the region, What are the reasons for the early show the inflection point »
Cao Jianhai: "Because of our housing prices have long been the basis of overdraft facilities to the convenience of the people."
To illustrate the high housing prices have greatly advances the concept of the Olympic Games, Cao Jianhai account calculations to reporters: From 2001 to early 2008 Olympics, Beijing and the Olympic Games directly related to infrastructure investment of about 180 billion yuan, coupled with supporting Communications, posts and telecommunications, roads, education, afforestation, non-Olympic, such as direct investment, a total of around 500 billion yuan, but as of the end of 2007, the Beijing municipal housing within the City of Victoria from 2001 average price of 5,000 yuan per square meter Up to 15,000 yuan, per square meter that is up 10,000 yuan, according to Beijing's 16 million resident population, the per capita residential area of 25 square meters, the residential construction area Total 400 million square meters, which means that from 2001 Since Beijing's total value of residential housing rose by 4 trillion yuan.
Cao Jianhai: "But we have just made a total investment of 500 billion but is, in turn, increase the rate of housing over the input of nearly 8 times that of the Olympic Games so that the market was far from overdrafts."
Chinese Academy of Social Sciences, investment and market research director Cao Jianhai told reporters that excessive advances the concept of the Olympic Games means that a large number of housing price bubble, and some of the real estate market speculators sniff out the danger, to get rid out of the hands of the availability, but Since selling too much, there's a pattern of poor sales, prices will drop into the market early.
Cao Jianhai told reporters that excessive advances the concept of the Olympic Games means that a large number of housing price bubble, and some of the real estate market speculators sniff out the danger, to get rid out of the hands of the availability, but due to selling too much of a pattern of poor sales Prices will advance into the drop in prices, real estate and director of the Institute of Beijing University, Chan Kwok-keung do not think the Olympic Games to Beijing housing prices into a bubble, he said that the turning point early in the second mortgage is due to policies introduced, from Tight monetary policy and the central bank has repeatedly raising interest rates, "card" to live the real estate market also restrained the throat of the advance purchase of consumption and investment demand.
Peking University real estate Chan Kwok-keung, director of the Institute: "For the real estate industry a national macro-control policy, regulation and control policy is a combination of the effect of gradually emerged, and then again from the outside, is the international and domestic economy, in fact facing Many uncertain factors, they also contribute to our consumers, buyers appear more obvious the wait-and-see attitude. "
Beijing property market inflection point ahead of the year, this is not only contrary to many people's expectations, but also to many experts had forecast a drop-air, in the end because the concept was ahead of the Olympic Games overdraft, or because the whole macro-economic environment has changed »in It seems to me that perhaps these two factors are jointly promote the movement of house prices, the Olympic and real estate, and whether there is any kind of contact »who have held the Olympic Games cities, their Olympic real estate market is how Release of «I also interviewed a global professional real estate services company Jones Lang LaSalle, to listen to their analysis.
Reporter: "Can you tell us, like Sydney, Seoul, Atlanta, Greece hosted the Olympic Games have these cities, their residential housing prices in the Olympics before and after what has changed?» "
Jones Lang LaSalle Beijing research manager Ben Christensen: "cities and between cities is not the same, I think the best example is the Barcelona Olympics before大兴土木, in the real estate and infrastructure construction on a lot of investment In the short term拔地而起large number of buildings, but Barcelona's economy is relatively stable, so the Olympic Games after the price dropped substantially. "
1986-1993, Barcelona, house prices rose by 250-300 percent, but with the end of the Olympic Games, a substantial decline in housing prices, the biggest annual decline to 50 percent until 1999 before a gradually improving, many people due to speculation of Finance , But also by the many people trapped, and Barcelona is the complete opposite, Seoul 1988 Olympic Games, not only the low prices no effect, the real estate market instead of rapidly warming, continued to boom in 1995, such examples are Sydney, 1993 Sydney bid to host the 2000 Olympic Games, the annual housing prices triggered more than 10 percent of the increase in the next 78 hours, the city housing prices doubled after the 2000 Olympic Games, Sydney house prices due to inertia Role has remained up and continued until the end of 2003, the same as the Olympic Games organized by the city, the situation of the widely divergent »
Ben Christensen: "Support the real estate market growth is the main driving force of demand from population and income growth in the decision, and the Olympics itself almost no relationship."
Reporter: "So you mean is that demand and prices are not directly associated with the Olympic Games» "
Ben Christensen: "Yes, they can only link is when this market speculation, if there is speculation that this part of the Olympic Games after the growth will of course be removed from this part of the price of natural growth to drop back. "
As Jones Lang LaSalle Beijing research manager, the «Vieques Fujimori and his team had just completed a" rapid move towards the new Beijing, "the White Paper, the report pointed out that, in order to successfully hold this year's Olympics, Beijing carried out The history of the Olympics on an unprecedented scale of investment, expansion of the airport, highway, subway and parks, improved transport, afforestation, environmental protection, a 3 G communication facilities, and other inputs, enabling Beijing to become more suitable for residential and commercial development areas.
Reporter: "So you and your company is expected to how the trend of prices after the Beijing Olympics?» "
Ben Christensen: "We expect the Olympic Games in Beijing after the prices have not fallen sharply, in 2008 the market will become more stable, we expect 2009,2010, the price will be returned to rational."
After the Olympics, which house prices will move toward the direction »
Our analysis of a number of Olympic host city property market prices, although the situation around may be different, but the decision of these cities Price Change, in the final analysis or the local population and economic conditions. Similarly, the judgement of the Beijing property market trend, we can not just stare at the Olympic Games this short half a month, have to look at the city's development, or even the whole of China to pay attention to the long-term economic prospects, the Olympic Games before the Beijing property market has been ahead of a turning point , After the Olympic Games, which direction prices will go to «This is what we are most concerned about.
Although the current property market outlook is uncertain, but Zeng Wei was not worried about, he told reporters that he was with great fanfare in Beijing started building a more upscale hotel-style apartments.
Palm Springs Holdings Ltd., Chairman of the Board, Zeng Wei: "Olympics in Beijing on a historic moment, but it in this process, the most important is China's urbanization process in China and the world economic development of such a process, then it's The addition of new immigrants, then with the Olympic Games will fully, it will be sustained economic development. "
Zeng Wei, the Olympic Games to Beijing will organize more international, part of the psychological high-income groups are expected to continue to rise, the high-end real estate development will undoubtedly provide a broader space, and this «Vieques Fujimori also believes that a Irreplaceable advantages in the prices of flats will remain strong.
Jones Lang LaSalle Beijing research manager Ben Christensen: "withstand the test are those with residential characteristics, lots of excellent, cost-effective."
The «Vieques Fujimori told reporters, after the Olympic Games, both high-end, mid-or low-end residential real estate market is essential for the healthy development of a truth, that is, the market value of high and low decision size, those cost-effective low , Poor quality, price increases on speculation of flats in the market return to rational, value prices in the process of reunification, will pay a heavy price, and Tsinghua University, director of the Brookings Center for Public Policy Research Dr. Xiao Geng, the Chinese real estate From the market has been "purely market-oriented" to the market and protect Concurrent's "dual track" that is, "the market to the market, to the protection of security", the crowd was increased protection of commercial housing purchased will be reduced by the crowd and change consumers were "forced" to buy Gao Jiafang situation.
Tsinghua University, director of the Brookings Center for Public Policy Research Xiao Geng: "Hong Kong is actually a very prominent in this area, 40% of them are Hong Kong residents enjoy more or less government subsidies for their housing, or low-cost room, or To sell their relatively cheap rent. "
2008, the State Council have made it clear "to establish housing security system" into the government work plan, the housing security system this year from the rigid policy provisions of the tentacles can be turned into a touch of home project, a set of affordable housing and low-cost Housing .
Chinese Premier Wen Jiabao: "This year we must take four measures: First, we must improve the low-rent housing system, speed up low-cost housing construction, increase the availability supply, strengthening the economy to housing construction and management, positive solution to low-income urban mass housing difficulties. "
Reporter noted that this year the government work report, the number of words related to housing nearly 600 characters, for the length of the calendar year, the government work report in 2008, crime and health care is destined to become a housing security system in the building of more content, more exciting one年.
Chinese Premier Wen Jiabao: "This year the low-rent housing system for funding the construction of 6.8 billion yuan, 1.7 billion yuan more than last year; local governments at all levels should increase input in this regard."
For Beijing, this is Olympic year, is also a letter of guarantee, according to Beijing's housing construction plan announced in Beijing this year, the city's planned 27.5 million square meters of new housing, low-cost housing 500,000 square meters , Economy housing 3 million square meters, housing prices 4.5 million square meters, housing and protection of the new housing plan 40 percent of the total. In Shanghai, the first batch of 1.6 million square meters of economy housing will also be in the third quarter of this year started a comprehensive, start the construction of the whole year will reach 4 million square meters; next five years, Shanghai will be the new economy of about 300,000 housing units Sets, 20 million square meters of new residential scale of the same period of around 20 percent. Guangdong Province in urban planning will solve the housing problems of low-income families into the public financial coverage, multi-channel mobilization and organization of low-cost housing security funds. Clearly, the real estate policy has been tilted to the housing security, the more people look forward to a smooth rational early arrival of the real estate market.
Chinese Premier Wen Jiabao: "We must unswervingly promote housing reform and construction, so that the masses of the people live and work in peace."
Half-hour observation: Olympic economy is not a "crisis"
After a round of soaring, the real estate market finally appeared "stable", neither is expected to appear in the "Olympic Market", has not appeared in the Bei Guanzhe expected sharp fall. All appear to have a smooth or walked back in, even the design of the system also began to become "the market to the market, to the protection of security."
Many passengers believe that Chaofang: the Olympic Games will promote housing prices skyrocketing, and the prices will plunge after the Olympics. Facts have proven that they are wrong. Not only economists, government officials, even ordinary people are also aware of: the Olympic Games for China's economic impact, not like a storm, is a strong short-term effect, while China's economy should be an integral part of a long A section of road in the beautiful course. She let the world see a more real, more vibrant China, but also to enable more investors to see the rapid development of China's reserves of more business opportunities. This is the real estate market, one of the most long-term good.
Stable growth, sustainable development of the real estate market in line with national policy and also with ordinary people's purchasing power and psychological expectations. Only a rational, healthy and orderly market, can bring stability in prices, only such a market, there will not be the people most worried about skyrocketing plummeted.
One sentence: Do not overestimate the Olympics for the short-term role of house prices, do not underestimate the Olympic Games to promote the long-term prices.
Hu Jintao: the Olympic Games should not be overestimated the economic role
President Hu Jintao on August 1 in the Great Hall of the People from every continent to accept 25 of the joint interview with foreign media, organizing and staging the Beijing Olympic Games, Beijing Olympic Games and China's influence on China's current economic and social development situation and other issues answered Reporter's question.
Hu said that there are seven days, the 29th Summer Olympics in Beijing. The peoples of the world are looking forward to this moment. Olympic Games in a world population of one fifth of China's hosting of the world their trust in China, China's dedication to the world. Beijing Olympic Games belongs to the Chinese people, belonging to the peoples of the world.
Later, Hu Jintao answered all their questions.
Reuters reporter asked the Beijing Olympic Games, China will face the major internal and external challenges «China will be how to deal with« Olympic investment stimulating investment and economic growth in China's reform and opening up the occasion of the 30th anniversary of China's economic policy which will take priority To maintain the momentum of development.
Hu noted that there is no doubt that organized the Olympic Games in Beijing to promote effective economic and social development, but because of Beijing's total economic output accounts for only a small part of the country, to organize the Olympic Games to China's role in promoting economic development should not be overestimated. This year, China's economic development has withstood serious challenges and major test, the Chinese people for unity and struggle and effectively deal with the history of the rare low-temperature freezing rain and snow disasters and major earthquake disaster, the economic and social maintain the good momentum of development. The first half of China's GDP grew by 10.4 percent, but we also see that the current international environment of uncertainty increased factors of instability, economic development is faced with the challenges and difficulties increased. In view of this, we have explicitly put forward the need to further implement the scientific concept of development, to maintain steady and rapid economic development, control prices rise too fast as the primary task of macroeconomic regulation and control. To this end, we ask, first, continue to strengthen and improve macro-control, focus on solving the economic operation of the outstanding contradictions and problems; second, continue to deepen reform and opening up, focus on promoting economic restructuring and transformation of the mode of development, improve the quality and economic development Benefits; third, to strengthen ecological and environmental protection and energy saving emission reduction; fourth, pay more attention to improving people's livelihood. We will also continue to work hard in unity in the people across the country and the international community to strongly support, further improving post-disaster restoration and reconstruction work of the disaster areas to help the people build beautiful homes at an early date.
Hu said that there are seven days, the 29th Summer Olympics in Beijing. The peoples of the world are looking forward to this moment. Olympic Games in a world population of one fifth of China's hosting of the world their trust in China, China's dedication to the world. Beijing Olympic Games belongs to the Chinese people, belonging to the peoples of the world.
Later, Hu Jintao answered all their questions.
Reuters reporter asked the Beijing Olympic Games, China will face the major internal and external challenges «China will be how to deal with« Olympic investment stimulating investment and economic growth in China's reform and opening up the occasion of the 30th anniversary of China's economic policy which will take priority To maintain the momentum of development.
Hu noted that there is no doubt that organized the Olympic Games in Beijing to promote effective economic and social development, but because of Beijing's total economic output accounts for only a small part of the country, to organize the Olympic Games to China's role in promoting economic development should not be overestimated. This year, China's economic development has withstood serious challenges and major test, the Chinese people for unity and struggle and effectively deal with the history of the rare low-temperature freezing rain and snow disasters and major earthquake disaster, the economic and social maintain the good momentum of development. The first half of China's GDP grew by 10.4 percent, but we also see that the current international environment of uncertainty increased factors of instability, economic development is faced with the challenges and difficulties increased. In view of this, we have explicitly put forward the need to further implement the scientific concept of development, to maintain steady and rapid economic development, control prices rise too fast as the primary task of macroeconomic regulation and control. To this end, we ask, first, continue to strengthen and improve macro-control, focus on solving the economic operation of the outstanding contradictions and problems; second, continue to deepen reform and opening up, focus on promoting economic restructuring and transformation of the mode of development, improve the quality and economic development Benefits; third, to strengthen ecological and environmental protection and energy saving emission reduction; fourth, pay more attention to improving people's livelihood. We will also continue to work hard in unity in the people across the country and the international community to strongly support, further improving post-disaster restoration and reconstruction work of the disaster areas to help the people build beautiful homes at an early date.
The full flavor of the Chinese Olympic sports cartoon graphic
On the Beijing Olympic Games posters, we have seen some, this series of comic books is the Beijing Olympic Games projects from the Xinhua News Agency, the author-Daqing project on the Olympic information, in the form of comic books with the Olympic movement to introduce various projects, the full flavor of China, hope And the world can bring people of different visual experience.
To read comics in the form of Olympic sports to understand is rather special, with a screen Q & role of the Peking Opera, and Mobi word to show the Chinese culture founded on the basis of the Olympic Games, the Olympic Games with Chinese style. Below we have to understand comics the 29th session of the Beijing Olympic Games sports bar.
China, sitting at the Torch
The Hercules Nashouhaoxi
Wrestling
Gymnastics stadium to show skills
To read comics in the form of Olympic sports to understand is rather special, with a screen Q & role of the Peking Opera, and Mobi word to show the Chinese culture founded on the basis of the Olympic Games, the Olympic Games with Chinese style. Below we have to understand comics the 29th session of the Beijing Olympic Games sports bar.
China, sitting at the Torch
The Hercules Nashouhaoxi
Wrestling
Gymnastics stadium to show skills
"China and India • Olympic gold" Olympic medals precious metals limited distribution
With the opening of the Beijing 2008 Olympic Games is approaching, and a collection of double the value of the investment licence of the Olympic products to become majority of collectors favor the target. In a total of more than 6,000 kinds of colored souvenirs, the first element to the Olympic Games - the emblem "China and India" for the design conception of "China and India Olympic gold" medals precious metals, because of their unique symbolic significance, and cultural connotation of artistic expression And shape values, especially the favorite by collectors and the market sought after.
July 16, 2008, the Beijing Olympic Games "China and India" series of licensed products expert seminar was held in Beijing. Li Wenru, deputy president of the National Palace Museum, the Chinese Collector Association sports souvenir collectors-C-fu, director of the Committee for the International Olympic Committee President Jacques Rogge carving, "Rogge of India," home of the famous carving Zhang Guowei, the Academy of Art associate professor of Tsinghua University, Beijing Olympic licensed products expert Chen Nan assessment team members, and other collections from the sector, cultural, arts experts Jijiyitang, the Olympic collections, especially the "India-China" series of licensed products for the seminars. The experts agreed that "China and India Olympic gold" precious metals because of their medals collection of artistic and achieve the perfect combination, created a unique form of medals,Olympic cultural heritage and innovation on behalf of the intangible cultural heritage.
As a distinctive, embodied the Olympic spirit, the Olympic culture's unique collection carrier, the campaign medals have adopted the Beijing 2008 Olympic Games logo most representative of the exclusive modeling "China and India," the main form, with its beautiful shape, profound implication Chinese flavor and thick, received wide praise in the world.
China and India will go to the Fangcun, and the choice of subject and the conception of course very Jingdang, highlights China's Olympic spirit and a deep understanding "committed to building a peaceful and beautiful world" persistent pursuit of the goal.
From the modeling, the new medals is different from the traditional medals Chen Shui-bian, a round or oval in design, but to the traditional Chinese seal and calligraphy art forms, and combine the characteristics of the movement, inspired by Chinese seal with irregular shape, Not only contains a thick Chinese flavor and creative expression of the Olympic Games and the content of the deep-seated cultural shows, is distinctive.
From cultural values, the "China-Indian Olympic Gold" medals to China's precious metals blessing culture and the Olympic culture of the perfect fusion. Chinese people are familiar through the "Dr. Chen Lin Men," "Fu Yun-Full" and "auspicious blessings," "Jixiangruyi", "Bamboo Baoping An" five classic blessing language, interpretation of the mascot Dr. Chen and her five Olympic venues of different modeling portfolio, Not only highlight the theme of the People's Olympics, also show the world the Chinese nation's fine traditional culture of endless charm. Experts believe that the Olympic theme-based, supplemented by blessing culture, coupled with a unique shape and Technology, "China and India Olympic gold" into a series of medals in the popular collection to share the same time, will also become an Olympic history Important material cultural heritage. Results from an objective perspective, "China and India Olympic gold" The licensed products do not only with the blessing of the Olympic theme of culture, the combination of product quality is also divided into gold, silver series, which has given more love for the Olympic collections People to participate in the opportunities. This重在and stressed that participation in the Olympic spirit is the same, unified.
From the collection value, the treasures to really Jin, Seiko Zhuo Jing-hua, this is another eye-catching gold and silver medals for the host. It was higher than the national standard of 99.99 percent pure gold, silver building, integration of relief, mirror-pressure light, sandblasting, color printing and other advanced technology, Zhichun to produce goods of superior, with higher collection, investment, Ornamental value and appreciation of space. In particular, this series of gold and silver medals for the limited issue of Olympic merchandise concessionaire, each were issued identification certificates, gold and silver products by the State Quality Supervision and Testing Center of certification authority, with the security code printed labels. "Precious Metals Limited +" for the Olympic Games this collection bear a double investment in value-added label. The experts also pointed out that thus making the "China and India Olympic gold" of such a souvenir, the choice of "payment" of such a material, have a special meaning. Precious metal itself is valuable, not only to measure the value of money, but also because it symbolizes good faith. Therefore, "China and India Olympic gold" in Chinese culture to the concept of its own credibility by the witness to the ingenious combination of high culture, is Jiangxinduju.
"Mind its Shing, its far-" is the essence of collection. At present, the Olympic collections around the world have begun to take shape. At the international level, the Olympic collection also has formed three series, namely the Olympic Philately, Olympic coins and Olympic souvenirs collection collection. It is expected that the upcoming 2008 Beijing Olympic Games is bound to inspire a collection of Olympic fever. The experts believe that as China has a unique culture embodied in the Olympic Games, "Olympic gold in China and India" campaign medals, will accompany the Olympic collection upsurge in people's hearts permanently retain a passion to participate in the Beijing Olympics, a reduction of the glorious event Gongzhu梦想. (Kai Zhu)
Source: People's Daily Overseas Edition
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