This year, China's economy maintained a steady and fairly rapid development momentum, but the growth rate has slowed down. Figures show that China's economic growth in the first half of 10.4 percent over the previous year, down 1.8 percentage points over the same period.
At present, the Chinese economic activities in the complexity, uncertainty over the past, new situations and new problems to come. "In this context, grasp the trend of China's economy, the need to pay more attention to China's economic fundamentals." State Council Development Research Center, deputy director of [Liu Shijin] said.
Can still maintain economic growth rate of 9%
[Liu Shijin] that have been published in the July economic data, there are several noteworthy new trends. First, the consumer price index dropped continuation of the trend of the decline in the last month, where exports have stabilized; Third, domestic demand remained stable growth.
30 years of reform and opening up, China's economy has maintained an average annual growth rate of more than 9 percent.
This long-term support of sustained and rapid growth are a number of factors, including the continued expansion of the market, a unique combination of factors of production, more integrated industrial system and the increasingly improved infrastructure and supporting industry conditions, a stable political and social environment, and gradually perfect The socialist market economic system and open economy system.
"China's industrialization and urbanization process largely completed before, China has entered the fast track of economic conditions, have the potential to continue to maintain the momentum of rapid growth. This is what we usually say the fundamentals." [Liu Shijin] said.
[Liu Shijin] that for some time, even when the economy entered a growth period of adjustment, the fundamentals support, coupled with effective macro-control and the support of structural adjustment policies, China's economy is still likely to remain around 9% growth Rate.
More likely to transform challenges into opportunities
[Liu Shijin] said that at present we face are big problems in the development, the challenges into opportunities to the possibility of even greater. Encounter these problems, because we have developed, the problem will create pressure and challenges and deal with well, it will open extension to the further development of space.
For example, this round of inflation pressure, mainly domestic and foreign factors of production and rising commodity prices caused by the development stage, the system transformation and integration into the globalization and other factors role in the outcome. Serious, can not control the inflation of harm is self-evident, but a specific phase of the price increases are a reasonable and positive role, such as rising prices of agricultural products will enable peasants to increase income, increased labor costs will help improve labor Income, reducing the income gap; energy resources price increases and price formation mechanism of the market, is energy-saving emission reduction and building a resource-saving and environment-friendly society's fundamental strategy.
More importantly, the rise in the cost of promoting the elements of the price increase, "forced" We have gradually weakened low-cost competitive advantage, speeding up the transformation of the mode of economic development, the formation of technological progress, resource-saving, environment-friendly features for the new competitive edge .
"This transformation of the mode of development of the customs, China's economy can not only continue to maintain rapid development momentum and, more importantly, can promote the development of the quality and efficiency on a big stage." [Liu Shijin] said.
China has unique advantages to resist
[Liu Shijin] believe that China's economy in resisting risks and uncertainties should have its own unique advantages.
First is a big country advantage. China, as a 1.3 billion population, entered in the latter part of the major industrialized countries, at home and abroad on the various risks and uncertainties, relatively small economies, a stronger adjustment, and resolve capacity.
Second is the advantage. China, as a后起the industrialized countries, not only can be introduced into the forerunner mature technology, equipment, technology, etc., but also the introduction of macroeconomic and microeconomic management of knowledge, learn from their success in the development of the experience and lessons of failure, and strive to commit or less Do not make mistakes, mistakes can be detected early and corrected.
What is more important is political advantage. We have the strong leadership of the party, the established practice of reform and opening up and constantly improve the theory of socialism with Chinese characteristics, in political mobilization, organization and coordination of social forces, such as emergency treatment has outstanding advantages, these advantages in the near future deal with a series of uncertainty Factors and unexpected incident has been concentrated expression.
"If the risks and uncertainties that it is difficult to avoid, to make good use of China's major power advantage, the advantage and political advantage, we may win some more of the initiative." [Liu Shijin] said.
2008-08-17
Merrill Lynch: Chinese companies listed on the United States or to speed up the pace
Reporter on the 15th from Merrill Lynch was informed that since June, Merrill Lynch has been successful in the Asian region for the seven listed transaction pricing.
Merrill Lynch recent success of the project, including underwriting, the Indonesian coal producers Bayan resources company IPO, Jia Hanlin Group issued 300 million U.S. dollars convertible bonds, are long-distance education-and television-advertising companies and divisions of the IPO, and so on. Among them, Indonesia Bayan Resources Inc. IPO for the project, the most recent year for the region's largest private company a separate underwriting of initial public offering.
Among them, distance education and security are widely and divisions of the company's IPO, all listed issuers in the United States. It is worth mentioning that in January this year, China's online education nationwide survey software company in the United States, also from Merrill Lynch IPO underwriters.
Asian stocks Merrill Lynch Capital Markets co-director Jason Cox said that Chinese companies listed on the United States may speed up the pace. "Despite the market volatility will continue, but the region still have sufficient funds in working capital, but also has many high-quality companies have financing needs."
Merrill Lynch recent success of the project, including underwriting, the Indonesian coal producers Bayan resources company IPO, Jia Hanlin Group issued 300 million U.S. dollars convertible bonds, are long-distance education-and television-advertising companies and divisions of the IPO, and so on. Among them, Indonesia Bayan Resources Inc. IPO for the project, the most recent year for the region's largest private company a separate underwriting of initial public offering.
Among them, distance education and security are widely and divisions of the company's IPO, all listed issuers in the United States. It is worth mentioning that in January this year, China's online education nationwide survey software company in the United States, also from Merrill Lynch IPO underwriters.
Asian stocks Merrill Lynch Capital Markets co-director Jason Cox said that Chinese companies listed on the United States may speed up the pace. "Despite the market volatility will continue, but the region still have sufficient funds in working capital, but also has many high-quality companies have financing needs."
2008-08-16
China's coke exports provisional rate increase to 40%
China today published the official notice, decided on August 20, coke exports will be temporary tariff rate from the current 25 percent to 40 percent.
Analysts here believe that the government move was intended to curb high pollution, high-energy consumption products and ease the tight domestic supply situation of coke, while reducing the related industries of foreign indirect subsidies.
As domestic and international market larger spread, China's coke exports in the first months of this year, faster growth. Customs data showed that the first half of China's total exports of 7.44 million tons of coke, May exports amounted to 1.66 million tons, breaking the 2007 record exports since a single month.
To curb exports, early this year, official exports of coke will be provisional rate increase by 15 percent to 25 percent. This year the Ministry of Commerce last month announced the second batch of general trade export quota of coke was only 2.39 million tons, and this year the first batch of coke export quota for the 9.62 million tons.
With the policy of gradually markedly effective, in July, China's coke exports dropped by 10% year on year five, to 830,000 tons. The industry predicted that the second half of coke export volume level or slightly lower than the previous year.
State Customs Tariff Commission in today's notice also on commodities such as aluminum tariffs have been adjusted.
Since this month 20, will be the official exports of general trade under the provisional export tariff on aluminum, the tentative tax rate of 15 percent; coking coal exports will be temporary tariff rate from 5 per cent to per cent The 10 other bituminous coal and other export levy provisional tariffs, the tentative tax rate of 10 percent.
Analysts here believe that the government move was intended to curb high pollution, high-energy consumption products and ease the tight domestic supply situation of coke, while reducing the related industries of foreign indirect subsidies.
As domestic and international market larger spread, China's coke exports in the first months of this year, faster growth. Customs data showed that the first half of China's total exports of 7.44 million tons of coke, May exports amounted to 1.66 million tons, breaking the 2007 record exports since a single month.
To curb exports, early this year, official exports of coke will be provisional rate increase by 15 percent to 25 percent. This year the Ministry of Commerce last month announced the second batch of general trade export quota of coke was only 2.39 million tons, and this year the first batch of coke export quota for the 9.62 million tons.
With the policy of gradually markedly effective, in July, China's coke exports dropped by 10% year on year five, to 830,000 tons. The industry predicted that the second half of coke export volume level or slightly lower than the previous year.
State Customs Tariff Commission in today's notice also on commodities such as aluminum tariffs have been adjusted.
Since this month 20, will be the official exports of general trade under the provisional export tariff on aluminum, the tentative tax rate of 15 percent; coking coal exports will be temporary tariff rate from 5 per cent to per cent The 10 other bituminous coal and other export levy provisional tariffs, the tentative tax rate of 10 percent.
2008-08-04
China Mengniu four executives sold shares in cash in 5 billion Hong Kong dollar is still agency Caritas Unit
Has been listed since 2004, Mengniu (02319, HK) shareholders Jinniu and silver cattle gradually develop "Yinianbanzai" a reduction of the habit. Yesterday, Mengniu disclosure, the two major shareholders re-placing 57 million shares of old stock, generating 1.3 billion Hong Kong dollar, which is Jinniu and silver cattle 4th underweight. Jinniu and silver cattle from Mengniu is the upper and middle initiating the formation of the company. According to "Daily News" statistics, Mengniu listed in the four years, the Jinniu cattle and silver shares of the way through placing cash in more than 5 billion Hong Kong dollar.
Mengniu放量down
Mengniu announced yesterday that the company's shareholders Jinniu and Silver have their own cattle and placing agent Morgan Stanley placing agreement entered into two, respectively, placing Mengniu 1350.37 and 4349.63 million shares, placing the company's number of shares issued Equity of about 3.65 percent. Through the placement, Jinniu and silver cattle will be charged the net cost of about 1.255 billion Hong Kong dollar, with net price per share equivalent to 22.02 Hong Kong dollar, compared Mengniu August 1 closing price of 2.36 Hong Kong dollar discount of about 6.69 percent.
After the completion of the Placing, Jinniu cattle and silver in Mengniu's shareholdings will be from 8.8 percent and 11.28 percent, fell to 7.93 percent and 8.49 percent. Placing shareholders after the news, Mengniu放量was down 3.39 percent, to close at 22.80 Hong Kong dollar, a day were 7,004 million shares, 5.5 times the previous trading day.
At present, Mengniu's other shareholders include Niu Gensheng (4.4 percent), charitable organizations Laoniu Association (3.48 percent), and other Jinniu, acting in concert with Bank of cattle (3.7 percent) and public shareholders (72%). Jinniu and silver cow commitment, since the placing agreement entered into on the date within 90 days, will not offer, such as through the transfer or dispose of any shares, nor shall it announced its intention to carry out such activities.
4 reduction in cash over 50 billion HK dollars
June 10, 2004, Mengniu officially listed in the HKEx.
Listed in 2001 after the June 14, 2005, three institutional investors - MSDairyHoldings, CDHChinaFund and Actis China InvestmentCompanyLimited and Jinniu, silver cattle配股jointly issued a notice which Jinniu, silver placing their cattle 3895.48 and 8264.52 million Shares with the Hong Kong dollar at 4.95, involving about 600 million Hong Kong dollar funds.
June 30, 2006, Mengniu's shares from 5 to 9 Hong Kong dollar at the top of the Hong Kong dollar. Jinniu silver and cattle that Hong Kong dollar per share, respectively 9.2 Placing 2980.6 and 3656.2 million shares Mengniu shares, generating 610 million Hong Kong dollar.
April 13, 2007, Mengniu has 20 Hong Kong dollar firm juncture. Jinniu cattle and silver in the company released annual results announced the day after, respectively, placing 1479.6 and 9808.6 million shares million shares of old stock, the Hong Kong dollar per share placement price of 24, placing more the previous day closing price discount of 3.42 percent, cash 2.709 billion Hong Kong dollar. At the same time, Bank of cattle also subscribe for 5,743 shares of the Mengniu shares.
This included cash in size, Jinniu cattle and silver in the listing of the four-year period has sold a total of 3.5785 billion shares Mengniu, in accordance with the placing price, the total stock value of 5.174 billion Hong Kong dollar.
In this placement is completed, Jinniu cattle and silver respectively, will hold 123.9 million shares and 133 million shares Mengniu shares, according to yesterday's closing price of the shares held by the market value of about 5.857 billion Hong Kong dollar.
Mengniu is still agency Caritas Unit
Although Napster ended March with 410,000 shareholders placement, but the agency is still Mengniu love Unit.
Yesterday, Lehman Brothers will be Mengniu's target price from 26.40 Hong Kong dollar to 27.30 Hong Kong dollar, and reiterated "overweight" rating. The bank analyst with Mengniu ChristinePeng after a meeting with management, the company long-term development of a more confident and is expected to Mengniu 2008 mid-term profit and turnover will increase of 26% and 36%, Mengniu 2007 mid-term profit 4.85 Billion. In addition, the bank also expects the gross profit margin during the period Mengniu can enhance a percentage point.
Merrill Lynch, Goldman Sachs have recently唱好Mengniu. Among them, Merrill Lynch to Mengniu's target price to 32.55 Hong Kong dollar, against yesterday's closing price higher than the 42.77 percent; Goldman Sachs will Mengniu 2008-2010 profit forecast to increase by 2-6 percent.
Is not only sing, do more Mengniu are also quite a number of agencies. Korea Fund MiraeAssetGlobalInvesetments in the July 21 declaration of holdings 100.9 million shares of Mengniu, the shareholding ratio rose to 6.01 percent; UBS in June 10 will be holding from 7.82% to 8.13%.
Information
10 silver sponsors holding cattle Jinniu
Since 1999, Mengniu has been opened, the company's 10 sponsors: Niu Gensheng, Deng nine strong, Hou Jiang Bin, LU Jun, Pang Kaitai, Sun Yubin, Wen-Jun Yang, XIE Qiu-Xu, Sun Hung and Chiu even the first military has been "a group of shareholders" in the form of Holding Business.
To the end of December 2006, Niu Gensheng, Deng nine strong, LU Jun, Sun Yubin, Wen-Jun Yang, Sun Hung and Chiu even before the military is Jinniu shareholders Jinniu together accounted for about 83.4 percent of the shares; Niu Gensheng, XIE Qiu-Xu, Pang Kaitai, Deng and Jiang Bin Hou 9-for - Niu shareholders, together holding 87.2 percent of Bank of cattle interests. Jinniu and the shareholders of Bank of cattle at the same time as Mengniu the middle and senior staff.
2004 issued by the Mengniu prospectus, Jinniu and silver respectively at the time cattle holders Mengniu 158 million shares and 336 million shares, the shareholding ratio of 49.4 percent. Prospectus disclosure, Jinniu shares from a total of 15 senior management staff Mengniu hold, which Niu Gensheng in trust for about 1,000 people (including Mengniu workers, business contacts and their contacts) a Jinniu 28% of the shares. Bank of cattle owned by 16 shareholders, shareholders holding one of the Asahi Bank of cattle XIE Qiu-52,207 shares (63.5% silver cattle), of which 49,378 shares upon trust for about 1,000 people (including Mengniu employees, business Contacts and their contacts) holders.
Source: Daily Economic News
Mengniu放量down
Mengniu announced yesterday that the company's shareholders Jinniu and Silver have their own cattle and placing agent Morgan Stanley placing agreement entered into two, respectively, placing Mengniu 1350.37 and 4349.63 million shares, placing the company's number of shares issued Equity of about 3.65 percent. Through the placement, Jinniu and silver cattle will be charged the net cost of about 1.255 billion Hong Kong dollar, with net price per share equivalent to 22.02 Hong Kong dollar, compared Mengniu August 1 closing price of 2.36 Hong Kong dollar discount of about 6.69 percent.
After the completion of the Placing, Jinniu cattle and silver in Mengniu's shareholdings will be from 8.8 percent and 11.28 percent, fell to 7.93 percent and 8.49 percent. Placing shareholders after the news, Mengniu放量was down 3.39 percent, to close at 22.80 Hong Kong dollar, a day were 7,004 million shares, 5.5 times the previous trading day.
At present, Mengniu's other shareholders include Niu Gensheng (4.4 percent), charitable organizations Laoniu Association (3.48 percent), and other Jinniu, acting in concert with Bank of cattle (3.7 percent) and public shareholders (72%). Jinniu and silver cow commitment, since the placing agreement entered into on the date within 90 days, will not offer, such as through the transfer or dispose of any shares, nor shall it announced its intention to carry out such activities.
4 reduction in cash over 50 billion HK dollars
June 10, 2004, Mengniu officially listed in the HKEx.
Listed in 2001 after the June 14, 2005, three institutional investors - MSDairyHoldings, CDHChinaFund and Actis China InvestmentCompanyLimited and Jinniu, silver cattle配股jointly issued a notice which Jinniu, silver placing their cattle 3895.48 and 8264.52 million Shares with the Hong Kong dollar at 4.95, involving about 600 million Hong Kong dollar funds.
June 30, 2006, Mengniu's shares from 5 to 9 Hong Kong dollar at the top of the Hong Kong dollar. Jinniu silver and cattle that Hong Kong dollar per share, respectively 9.2 Placing 2980.6 and 3656.2 million shares Mengniu shares, generating 610 million Hong Kong dollar.
April 13, 2007, Mengniu has 20 Hong Kong dollar firm juncture. Jinniu cattle and silver in the company released annual results announced the day after, respectively, placing 1479.6 and 9808.6 million shares million shares of old stock, the Hong Kong dollar per share placement price of 24, placing more the previous day closing price discount of 3.42 percent, cash 2.709 billion Hong Kong dollar. At the same time, Bank of cattle also subscribe for 5,743 shares of the Mengniu shares.
This included cash in size, Jinniu cattle and silver in the listing of the four-year period has sold a total of 3.5785 billion shares Mengniu, in accordance with the placing price, the total stock value of 5.174 billion Hong Kong dollar.
In this placement is completed, Jinniu cattle and silver respectively, will hold 123.9 million shares and 133 million shares Mengniu shares, according to yesterday's closing price of the shares held by the market value of about 5.857 billion Hong Kong dollar.
Mengniu is still agency Caritas Unit
Although Napster ended March with 410,000 shareholders placement, but the agency is still Mengniu love Unit.
Yesterday, Lehman Brothers will be Mengniu's target price from 26.40 Hong Kong dollar to 27.30 Hong Kong dollar, and reiterated "overweight" rating. The bank analyst with Mengniu ChristinePeng after a meeting with management, the company long-term development of a more confident and is expected to Mengniu 2008 mid-term profit and turnover will increase of 26% and 36%, Mengniu 2007 mid-term profit 4.85 Billion. In addition, the bank also expects the gross profit margin during the period Mengniu can enhance a percentage point.
Merrill Lynch, Goldman Sachs have recently唱好Mengniu. Among them, Merrill Lynch to Mengniu's target price to 32.55 Hong Kong dollar, against yesterday's closing price higher than the 42.77 percent; Goldman Sachs will Mengniu 2008-2010 profit forecast to increase by 2-6 percent.
Is not only sing, do more Mengniu are also quite a number of agencies. Korea Fund MiraeAssetGlobalInvesetments in the July 21 declaration of holdings 100.9 million shares of Mengniu, the shareholding ratio rose to 6.01 percent; UBS in June 10 will be holding from 7.82% to 8.13%.
Information
10 silver sponsors holding cattle Jinniu
Since 1999, Mengniu has been opened, the company's 10 sponsors: Niu Gensheng, Deng nine strong, Hou Jiang Bin, LU Jun, Pang Kaitai, Sun Yubin, Wen-Jun Yang, XIE Qiu-Xu, Sun Hung and Chiu even the first military has been "a group of shareholders" in the form of Holding Business.
To the end of December 2006, Niu Gensheng, Deng nine strong, LU Jun, Sun Yubin, Wen-Jun Yang, Sun Hung and Chiu even before the military is Jinniu shareholders Jinniu together accounted for about 83.4 percent of the shares; Niu Gensheng, XIE Qiu-Xu, Pang Kaitai, Deng and Jiang Bin Hou 9-for - Niu shareholders, together holding 87.2 percent of Bank of cattle interests. Jinniu and the shareholders of Bank of cattle at the same time as Mengniu the middle and senior staff.
2004 issued by the Mengniu prospectus, Jinniu and silver respectively at the time cattle holders Mengniu 158 million shares and 336 million shares, the shareholding ratio of 49.4 percent. Prospectus disclosure, Jinniu shares from a total of 15 senior management staff Mengniu hold, which Niu Gensheng in trust for about 1,000 people (including Mengniu workers, business contacts and their contacts) a Jinniu 28% of the shares. Bank of cattle owned by 16 shareholders, shareholders holding one of the Asahi Bank of cattle XIE Qiu-52,207 shares (63.5% silver cattle), of which 49,378 shares upon trust for about 1,000 people (including Mengniu employees, business Contacts and their contacts) holders.
Source: Daily Economic News
2008-08-01
Market economy for half an hour after the Olympic Games, was severely overdrawn prices will be down
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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.
2008-07-31
China's extravagant consumption cities list
Graphic: 1. Shanghai (the first well-deserved, domestic non-luxury brands as much as any city can be and, not just luxury shopping malls in Shanghai, even the luxury regions, Shanghai's Bund area in the luxury world is the best)
Graphic: 2. Beijing (the second largest luxury brand, the end of October Beijing also opened several new high-end / luxury brand, but compared with Shanghai, obviously is not enough, many of Shanghai, Beijing also some luxury brands can not buy, but Beijing does not affect the status of the frontline town)
Graphic: 3. Hangzhou (2005 beyond Guangzhou, a real luxury for the third city, from clothing, leather goods, furniture, cosmetics ... many luxury brands has been done in Shanghai, Beijing, Hangzhou, only three places, even some Luxury brand has achieved a unique country. District of Hangzhou, one of the luxury lakeside international pruducts Street is the most advanced, the only top-level business model, similar to Via Montenapoleone in Milan, and other high-grade commercial district)
Graphic: 4. Guangzhou (strength of the luxury still strong fourth City, La Perle Square, the existence of friendship between the malls, there is no one dares underestimate the city. Guangzhou people's purchasing power is breathtaking. Because of geopolitical relations, Guangzhou people To the consumption habits of Hong Kong, Guangzhou, the local luxury market is more or less will be affected to some extent)
Graphic: 5. Shenzhen (Shenzhen also many luxury brands, but less than Guangzhou, luxury furniture brand strengths are in Shenzhen, the current domestic luxury furniture brands to Beijing, Hangzhou, Shenzhen tripartite confrontation trend because the Shenzhen from Hong Kong recently, Most people in Shenzhen to Hong Kong luxury goods consumption, the ratio than the same spending habits of Hong Kong to Guangzhou to a higher number of people)
Graphic: 6. Chengdu (Chengdu and Chongqing, as the western city of the top fashion led, very big number of luxury in the two cities established within the focus of the central and western regions, Chengdu and Chongqing radiation is a whole western region, In the eyes of many luxury brands, two representatives of the central city of the western city centre and the representation of radiation capacity.)
Graphic: 7. Chongqing (as the western city of the top fashion led, very big number of luxury in the two cities established within the focus of the central and western regions, Chengdu and Chongqing radiation is a whole western region, in the eyes of many luxury brands , On behalf of these two cities with the western part of the central city centre and the representation of radiation capability)
Graphic: 8. Qingdao (Qingdao recent luxury market extremely rapidly, many of the luxury car brand name stores, and some luxury brands have settled in Qingdao, making Qingdao in Shandong played a top fashion leader of the more prominent role. Qingdao Hisense Place the recent development of luxury-level, it is worth people's attention)
Graphic: 9. Xi'an (Zhongshan University in Xi'an International on any one of the city are the best, Xian recent development of the booming luxury market is also very impressive, but the Xi'an High Shopping Centre, although there are two major international and the Chinese University of the century Flower Shopping Centre, sales in the country but not outstanding, which makes Xi'an and Chengdu to / Bai Chongqing in the areas of the high-end wrist, has yet to be progress and development)
Graphic: 10. Dalian (Dalian City a hundred years, there are also many international luxury brands such as Century City Shopping Centre, set up, although for the second-tier cities of Dalian, Qingdao has not settled some of the recent frequent top-level Mingju stores, but there is a Dalian Powerful luxury-class brands: HERMES stores)
Graphic: 11. Harbin (with Carver Harbin shop in the country is also very famous, Harbin's Ganchuan is well known, but Harbin is a fatal drawback: In addition to Carver even outside, there is no other home shopping centres with the same grade The high-end shopping malls. Unlike Harbin, Hangzhou and Shanghai, Hangzhou and Shanghai in addition to even the Carver shop, there are many grades of the same or even higher level luxury area can be visited, which makes Harbin true sense of the top luxury market, the basic limitations Even in the Carver Branch)
Graphic: 12. Nanking (Nanjing nearly two years of progress rapidly, the development of faster, Techi the completion of the square, on behalf of Nanjing, also squeeze in a luxury second-tier cities in the forefront)
Graphic: 13. Ningbo (not to overlook the Ningbo market, a growing number of luxury brands began the second largest city of Ningbo in Zhejiang favor, if the Ningbo International pruducts luxury shopping center, Ningbo is the initial starting point for the market, Ningbo, two gold, Jiang's name in the Council Chamber shops, Ningbo is the high-end luxury market witnessed the vigorous development of the. Do not forget, the Ningbo people's purchasing power is much stronger than even ranked in the forefront of some of Ningbo City)
Graphic: 14. Tianjin (due to the radiation Beijing, Tianjin luxury market has been the lack of some heavyweight luxury brand of care and Tianjin are also consumers of luxury goods consumption to Beijing. In the last 12 has been changed, and a number of Premium / luxury brand new entrants into the market of Tianjin, Tianjin Ren also began to make the purchase of luxury items at home)
Graphic: 15. Shenyang (the deepest impression to the people, Shenyang is the list of sales performance has been ranked in the forefront of the country. Shenyang, people love to buy list, seems to be the high-end market in Shenyang of a business card. But the disadvantage is that the Shenyang : Lack of a large number of world-renowned heavyweight on the first line, second-tier apparel categories, leather goods like luxury brands, in the northeast of the luxury market, or the basic Dalian and Harbin in singing Er Renzhuan)
2008-07-25
China Telecom intensely "incorporated" C followed Unicom net operating mode
Yesterday, reporters from China Telecom within that relevant departments of China Telecom chiefs have started Road to the provincial branch Unicom, the CDMA network for research and delivery details of consultations. This work will be completed in early September to ensure that September 30 was a smooth start CDMA network handover.
June 2, China Telecom and China Unicom CDMA network on the settlement agreement, the two sides will start on September 30 for the CDMA network handover, the transition is expected to be completed by the end of November this year, and then begin a four-month transition period , By the end of March next year transition period ended.
It is reported that China Telecom Network Operation Department, the Information Ministry and other departments chiefs have begun to Zhejiang, Anhui, and other research branch of China Unicom's CDMA network delivery, and delivery on the details of consultations.
China Telecom insiders also disclosed that the network is still in Sichuan because the reconstruction period, the negotiations may be delayed some time.
It is understood that China Telecom has CDMA network operators for the future recruitment of 420 C backbone network, China Telecom organizational structure has also made adjustments, including the establishment of a new CDMA network for the Ministry of individual clients, mobile Ministry of Construction, wireless network optimization center, and Terminal operators four bodies.
However, since China Unicom announced on the 22nd of the "June CDMA subscribers increased by only 24,000," China Telecom are also worried that, "CDMA network delivery during the CDMA network is the propaganda of blank, blank period and the longer the customer The loss will be more serious. "
Analysts suggested CDMA network of China Telecom to accelerate the acquisition process. The analysts said that, if not as soon as possible to receive CDMA telecommunications network, CDMA network brand effect will inevitably be weakened, which may affect the future restoration of China's telecommunications operators CDMA network time.
According to sources, last week the telecommunications branch of the Ministry of Planning, gathered in Beijing, the network planning specific investment plans. After the acquisition, Unicom's CDMA, Wang Xiaochu, general manager of China Telecom has said that in follow-up of network expansion in the use of direct CDMA1XEVDOR.A technology. To this end, as early as the beginning of the year, has launched with Qualcomm's patents related to the negotiations. At the same time, the announcement of the acquisition, China Telecom quickly to the relevant departments to submit the 821-835/866-880 MHz frequency for the right to use, while 186,185 numbers for the right to use and retain the use of 189 numbers.
For the CDMA network operators, reporters learned that China Telecom China Unicom will follow the operating mode: the acquisition of shares by the CDMA business and operations, at the same time to acquire assets of the company's CDMA network leasing network. In the new organizational structure, the former China Telecom Mobile Office and the Northern Telecom Division at the same time be revoked. Mobile Office-related business has been transferred to individual customers and the Department of terminal operating company, Northern Telecom Division after the withdrawal, the Northern Province 9 telecommunications company ownership of the headquarters management.
June 2, China Telecom and China Unicom CDMA network on the settlement agreement, the two sides will start on September 30 for the CDMA network handover, the transition is expected to be completed by the end of November this year, and then begin a four-month transition period , By the end of March next year transition period ended.
It is reported that China Telecom Network Operation Department, the Information Ministry and other departments chiefs have begun to Zhejiang, Anhui, and other research branch of China Unicom's CDMA network delivery, and delivery on the details of consultations.
China Telecom insiders also disclosed that the network is still in Sichuan because the reconstruction period, the negotiations may be delayed some time.
It is understood that China Telecom has CDMA network operators for the future recruitment of 420 C backbone network, China Telecom organizational structure has also made adjustments, including the establishment of a new CDMA network for the Ministry of individual clients, mobile Ministry of Construction, wireless network optimization center, and Terminal operators four bodies.
However, since China Unicom announced on the 22nd of the "June CDMA subscribers increased by only 24,000," China Telecom are also worried that, "CDMA network delivery during the CDMA network is the propaganda of blank, blank period and the longer the customer The loss will be more serious. "
Analysts suggested CDMA network of China Telecom to accelerate the acquisition process. The analysts said that, if not as soon as possible to receive CDMA telecommunications network, CDMA network brand effect will inevitably be weakened, which may affect the future restoration of China's telecommunications operators CDMA network time.
According to sources, last week the telecommunications branch of the Ministry of Planning, gathered in Beijing, the network planning specific investment plans. After the acquisition, Unicom's CDMA, Wang Xiaochu, general manager of China Telecom has said that in follow-up of network expansion in the use of direct CDMA1XEVDOR.A technology. To this end, as early as the beginning of the year, has launched with Qualcomm's patents related to the negotiations. At the same time, the announcement of the acquisition, China Telecom quickly to the relevant departments to submit the 821-835/866-880 MHz frequency for the right to use, while 186,185 numbers for the right to use and retain the use of 189 numbers.
For the CDMA network operators, reporters learned that China Telecom China Unicom will follow the operating mode: the acquisition of shares by the CDMA business and operations, at the same time to acquire assets of the company's CDMA network leasing network. In the new organizational structure, the former China Telecom Mobile Office and the Northern Telecom Division at the same time be revoked. Mobile Office-related business has been transferred to individual customers and the Department of terminal operating company, Northern Telecom Division after the withdrawal, the Northern Province 9 telecommunications company ownership of the headquarters management.
2008-07-23
Quotes or management arrangements for the Olympic Games will be hundreds of billions of cash into the stock market
Good news is coming, 22 Wall Street continued up, oil prices continued to decline, the same day the financial performance of the plate so that investors feel welcome. Fourth-largest U.S. bank Wachovia rose 27 percent. New York Mercantile Exchange, August crude futures contract fell more than three U.S. dollars, United Airlines, UAL, the parent company's shares soared by 69 percent. In fact, the performance of U.S. stocks, the market has already indicates that the two major hot spots, will be its debut.
And time will prove, in the current extremely low market confidence and stability in the eve of the Olympic Games, will be released or any good rumors are not groundless. July 21, the China Securities Regulatory Commission re-launched non-standard size reduction initiatives in real terms, from immediate effect, "non-size" will be the reduction in the China Securities Clearing Company Limited site for regular disclosure. Yesterday, the four major securities reported on the matter-of the editorial, the "Shanghai Securities News" called for "full circulation bid farewell to the old thinking to meet the market system building new starting point", "China Securities News" that "non-size" is not a scourge, "the Securities Times "That should" go out the size reduction of three non-Misunderstanding ";" Securities Daily "suggested that" a rational treatment of non-size reduction. " "Four" so tidy pace with the promulgation of the SFC's important information, in fact, also verified last Friday of a rumor, the Commission convened a four Securities News ( "China Securities News", "Shanghai Securities News," " Securities Times "and" Securities Journal ") for an emergency meeting, the meeting focus on" maintaining stability "and" health of the stock market system building "started. The future every Friday, several major newspapers and professional securities central-level media officials will open a Pengtou Hui.
In fact, researchers rarely see a "four" with the tacit understanding that, unless there is a major event affecting the stock market, few commentators see so diligent, unless the market is facing an important turning point. And their concerted action, can only prove that the management of the market during the Olympic Games or co-ordinate arrangements.
Another heavy rumors that the stabilization fund will soon enter the market. Chief researcher noted that the rumor is mainly directed against last Friday's one hour late Elevated strong, the market's guess who is late, "So cargo." In yesterday, researchers have not ruled out a similar nature of the funds, in order to meet the Olympic period, the stock market and the stability of the market. Of course, if not the "mystery funds" to save the market, the A-share market shares of all partial funds (including closed-end stock-type, open stock-based, open mixed) Total holding capital reserves reached 476 billion yuan, is enough to Promote A-share market out of the magnificent. This conclusion is based on our historical statistics, in accordance with the July 18, 2007 rose to 3,930 points on October 16 6092, this round of increase to 55 per cent of the bodies in the market, the voucher-account net inflow of 153.2 billion of funds , The market rose one point each on average only need 2.7 billion of incremental funding agencies.
There is also a "stealth" favorable, unilateralism is the stamp duty levied. There are, however, an interview with the media, the Information Office of the State Administration of Taxation of staff after that unilateralism on the stamp duty will be levied, they now have not received the notice. From a historical experience, a researcher at the market for so many years, even before experienced such a good thing, in April to reduce stamp duty once, in July and charged into unilateralism, which seems to be a good thing unlikely to happen again,
Well, the future management of the planning and arrangements, what »researcher believes that the capital market to promote is the most practical, in the face of the current 476 billion in cash in their hands the fund companies, the SFC and prosecute the requirements of fund companies prohibit executives , Fund managers and other core staff released the impact of market fluctuations of speech, otherwise Yanchengbudai. Just imagine, how a fund company's senior officers, in order to promote the sale of the fund and expand the fund's star effect, no foreign market for published remarks (As for the cause market volatility, we have different matter) »chief researcher, This is not only to management, "Jin Yan," is to allow holding more than 4,000 billion fund stabilize the market.
Or, more straightforward speaking, apart from the media authority is now actively to save the market, management is now stable stock market the most effective way is to fund the hands of hundreds of billions of cash to "rush into" the stock market, this is the most direct and most Effective way, and is currently under way, they have the strength to create an intermediate rally.
And time will prove, in the current extremely low market confidence and stability in the eve of the Olympic Games, will be released or any good rumors are not groundless. July 21, the China Securities Regulatory Commission re-launched non-standard size reduction initiatives in real terms, from immediate effect, "non-size" will be the reduction in the China Securities Clearing Company Limited site for regular disclosure. Yesterday, the four major securities reported on the matter-of the editorial, the "Shanghai Securities News" called for "full circulation bid farewell to the old thinking to meet the market system building new starting point", "China Securities News" that "non-size" is not a scourge, "the Securities Times "That should" go out the size reduction of three non-Misunderstanding ";" Securities Daily "suggested that" a rational treatment of non-size reduction. " "Four" so tidy pace with the promulgation of the SFC's important information, in fact, also verified last Friday of a rumor, the Commission convened a four Securities News ( "China Securities News", "Shanghai Securities News," " Securities Times "and" Securities Journal ") for an emergency meeting, the meeting focus on" maintaining stability "and" health of the stock market system building "started. The future every Friday, several major newspapers and professional securities central-level media officials will open a Pengtou Hui.
In fact, researchers rarely see a "four" with the tacit understanding that, unless there is a major event affecting the stock market, few commentators see so diligent, unless the market is facing an important turning point. And their concerted action, can only prove that the management of the market during the Olympic Games or co-ordinate arrangements.
Another heavy rumors that the stabilization fund will soon enter the market. Chief researcher noted that the rumor is mainly directed against last Friday's one hour late Elevated strong, the market's guess who is late, "So cargo." In yesterday, researchers have not ruled out a similar nature of the funds, in order to meet the Olympic period, the stock market and the stability of the market. Of course, if not the "mystery funds" to save the market, the A-share market shares of all partial funds (including closed-end stock-type, open stock-based, open mixed) Total holding capital reserves reached 476 billion yuan, is enough to Promote A-share market out of the magnificent. This conclusion is based on our historical statistics, in accordance with the July 18, 2007 rose to 3,930 points on October 16 6092, this round of increase to 55 per cent of the bodies in the market, the voucher-account net inflow of 153.2 billion of funds , The market rose one point each on average only need 2.7 billion of incremental funding agencies.
There is also a "stealth" favorable, unilateralism is the stamp duty levied. There are, however, an interview with the media, the Information Office of the State Administration of Taxation of staff after that unilateralism on the stamp duty will be levied, they now have not received the notice. From a historical experience, a researcher at the market for so many years, even before experienced such a good thing, in April to reduce stamp duty once, in July and charged into unilateralism, which seems to be a good thing unlikely to happen again,
Well, the future management of the planning and arrangements, what »researcher believes that the capital market to promote is the most practical, in the face of the current 476 billion in cash in their hands the fund companies, the SFC and prosecute the requirements of fund companies prohibit executives , Fund managers and other core staff released the impact of market fluctuations of speech, otherwise Yanchengbudai. Just imagine, how a fund company's senior officers, in order to promote the sale of the fund and expand the fund's star effect, no foreign market for published remarks (As for the cause market volatility, we have different matter) »chief researcher, This is not only to management, "Jin Yan," is to allow holding more than 4,000 billion fund stabilize the market.
Or, more straightforward speaking, apart from the media authority is now actively to save the market, management is now stable stock market the most effective way is to fund the hands of hundreds of billions of cash to "rush into" the stock market, this is the most direct and most Effective way, and is currently under way, they have the strength to create an intermediate rally.
China's NPC Financial and Economic Committee called for liberalization of refined oil prices
◆ by every reporter from Beijing Wu Xiaojing
Yesterday, the NPC Financial and Economic Committee Room economic wrote an article, the second half of China's economic trend. The report pointed out that the second half of the inflationary pressure is still larger, but rely on price controls to solve the problem of inflation it is very difficult work. The report recommends, by accelerating price reform, curb irrational demand, to achieve the objective of controlling inflation.
Anti-inflation price controls difficult to work
Yesterday, the NPC Financial and Economic Committee released economic room entitled "2008 the first five months of economic analysis," the article analyzing the second half of China's economic trend, pointing out that in the global higher prices at the same time, China's medium and long-term upward pressure on CPI to increase By. The report pointed out that in China's economy into the downlink channel, or significantly higher prices, the national economy from "high growth and low inflation" is in a "high growth, high inflation," and even "low growth and high inflation" development.
NPC Financial and Economic Committee report said that it will continue to push the price reform, rationalize the price system. "This short-term could further push up inflation, curb irrational demand and stimulate the supply of the role is quite obvious that in fact help to control inflation."
"Rely on price controls to solve the problem of inflation it is very difficult work." Report pointed out that from an international viewpoint, the United States around 1973 have tried to rely on price and wage controls to contain inflation, but just the opposite; Venezuela as a major oil-producing country, although the refined oil prices Control at a very low level, but the country's inflation rate has exceeded 20%.
BOC International Holdings Limited directors, chief economist Cao Yuan Zheng explained that, in the face of energy raw materials of such a global rise, to deal with this output of inflation, completely on the resistance and rely on subsidies can not solve the problem.
State Council Development Research Center of Financial Research Institute researcher Qing Wu also believes that price control can not fundamentally solve the problem of inflation, will only intensify in the queue and distort the allocation of resources. He said that although the price control through administrative means to stabilize prices in nominal terms, but in the queue or disguised price increases will certainly prevalent. Price controls will inevitably distort the allocation of resources, which in turn will affect the effectiveness of the Government to control inflation. For example, the prices of restricted industries, the aspirations of a certain decline in supply, "as Sinopec, the two companies in the oil supply to protect the community, additional pay very high short term, long-term perspective, the state can not afford subsidies, the final results of , Or to price hikes. "
In addition, price controls for oil products subsidies, actually encourage the consumption, an increase of future inflation expectations.
正当其时price reform
"Price reform is necessary, the early start!" Yesterday, the State Council Development Research Center of Financial Research Institute researcher Qing Wu said that the government in adjusting prices worries too much, worried about too much impact. He believes that the current domestic oil prices after the increase is still low, even lower than the level of some oil-exporting countries, domestic demand for oil remains high, and increased international oil prices further up the pressure.
Qing Wu said that the current domestic oil products market and international market linkages, on a domestic price increase, he saw immediately the international prices of crude oil futures lower, indicating prices have adjusted to curb demand for the role. International is expected to cut down the results.
According to the company in the calculation, if the price of domestic refined oil increased by 50%, refining margins can be reached international standards, domestic supply will increase and will also inhibit some unreasonable demand, slow rising oil prices pressure. Moreover, if the 2008 mid-term domestic oil prices increased 50 percent, while China's 2009 inflation rate will fall to 7.3 percent if not increase, the 2009 inflation rate will reach 8.7 percent.
"Now is the time for reform." Director of the Central Party School of Economics Wang Tokyo that blindly through government regulation and control prices is not permanent solution, he believed that oil prices should be, Suihangjiushi, firm and market convergence, "Although the short term will Lagao production costs, but it will lead to inflation« I That long-term perspective, help control inflation. "
Qing Wu also believes that the current oil subsidies by the Government, post, neither economic nor sustainable, the micro-economic Acer is not a good thing. He stressed that the price reform to start sooner or later, as Chenzao, "delaying the time is too long, the price is very high."
Link: report proposed to increase the tax threshold
Yesterday, the NPC Financial and Economic Committee report noted that further increases in personal income tax threshold, reducing the savings deposit interest tax rate, increase people's real incomes. On the 22nd of this month, the State Administration of Taxation issued the first half of tax data, including personal income tax completed 213.5 billion yuan, an increase of 27.3 percent. March this year, the tax threshold raised to 1,600 yuan a month from 2,000 yuan, but the first half of income Bujianfanzeng, "increased tax threshold," the voice of recurrence.
"I advocate that the threshold would be raised to 3,000 yuan / month." Director of the Central Party School of Economics Wang Tokyo that during the two sessions this year will be raised by the representative of a tax threshold referred to 5000, but he mentioned that 3,000 yuan more Reality.
Director of the Central Party School of Economics, Tokyo Wang pointed out that the implementation of tax reduction at this time is undoubtedly the best way to promote domestic demand. He said that China's current economic growth to maintain long-term stability, the key precondition for a sustained expansion of domestic demand, the current investment has been overheating, the focus can only be extended to stimulate consumption, while revenue from the consumption, therefore, increase revenue in the final analysis, especially in Income of low-income. "The most simple solution is Wangkaiyimian and improve tax threshold."
NPC Financial and Economic Committee report also suggested that to ease the rising cost of corporate pressure, can reduce the toll road access standards such as taxes and fees, through technological innovation of enterprises to reduce costs and increase the tax relief deduction.
Yesterday, the 11th NPC, Zhejiang Furun (600,070 Quotes, Love Unit, the Information) Group Chairman of the Board Zhao Lin held that the tax cut would greatly reduce the burden on enterprises, thereby tightening in monetary policy, under the framework of the prevention of inflation To prevent the economy as a result of tight liquidity and lead to recession; corporate tax cut will stimulate the area of Industrial returning funds to the "natural" to eliminate the asset price bubble, but also will not lead to a hard landing.
Wang Tokyo also proposed that the Government is necessary to the business tax cuts. He said that now a general increase wage costs, the appreciation of the renminbi, the decline in the competitiveness of enterprises, the tax cut as soon as possible, to prevent wage diverted profits. "VAT should speed up restructuring efforts." Wang said in Tokyo, the NPC Financial and Economic Committee report "through technological innovation of enterprises to reduce costs and increase the tax relief deduction." In his view, not only to give preferential tax policies high-tech enterprises, To face to all enterprises, especially labor-intensive enterprises, which related to employment issues, can prevent the economic downturn.
Yesterday, the NPC Financial and Economic Committee Room economic wrote an article, the second half of China's economic trend. The report pointed out that the second half of the inflationary pressure is still larger, but rely on price controls to solve the problem of inflation it is very difficult work. The report recommends, by accelerating price reform, curb irrational demand, to achieve the objective of controlling inflation.
Anti-inflation price controls difficult to work
Yesterday, the NPC Financial and Economic Committee released economic room entitled "2008 the first five months of economic analysis," the article analyzing the second half of China's economic trend, pointing out that in the global higher prices at the same time, China's medium and long-term upward pressure on CPI to increase By. The report pointed out that in China's economy into the downlink channel, or significantly higher prices, the national economy from "high growth and low inflation" is in a "high growth, high inflation," and even "low growth and high inflation" development.
NPC Financial and Economic Committee report said that it will continue to push the price reform, rationalize the price system. "This short-term could further push up inflation, curb irrational demand and stimulate the supply of the role is quite obvious that in fact help to control inflation."
"Rely on price controls to solve the problem of inflation it is very difficult work." Report pointed out that from an international viewpoint, the United States around 1973 have tried to rely on price and wage controls to contain inflation, but just the opposite; Venezuela as a major oil-producing country, although the refined oil prices Control at a very low level, but the country's inflation rate has exceeded 20%.
BOC International Holdings Limited directors, chief economist Cao Yuan Zheng explained that, in the face of energy raw materials of such a global rise, to deal with this output of inflation, completely on the resistance and rely on subsidies can not solve the problem.
State Council Development Research Center of Financial Research Institute researcher Qing Wu also believes that price control can not fundamentally solve the problem of inflation, will only intensify in the queue and distort the allocation of resources. He said that although the price control through administrative means to stabilize prices in nominal terms, but in the queue or disguised price increases will certainly prevalent. Price controls will inevitably distort the allocation of resources, which in turn will affect the effectiveness of the Government to control inflation. For example, the prices of restricted industries, the aspirations of a certain decline in supply, "as Sinopec, the two companies in the oil supply to protect the community, additional pay very high short term, long-term perspective, the state can not afford subsidies, the final results of , Or to price hikes. "
In addition, price controls for oil products subsidies, actually encourage the consumption, an increase of future inflation expectations.
正当其时price reform
"Price reform is necessary, the early start!" Yesterday, the State Council Development Research Center of Financial Research Institute researcher Qing Wu said that the government in adjusting prices worries too much, worried about too much impact. He believes that the current domestic oil prices after the increase is still low, even lower than the level of some oil-exporting countries, domestic demand for oil remains high, and increased international oil prices further up the pressure.
Qing Wu said that the current domestic oil products market and international market linkages, on a domestic price increase, he saw immediately the international prices of crude oil futures lower, indicating prices have adjusted to curb demand for the role. International is expected to cut down the results.
According to the company in the calculation, if the price of domestic refined oil increased by 50%, refining margins can be reached international standards, domestic supply will increase and will also inhibit some unreasonable demand, slow rising oil prices pressure. Moreover, if the 2008 mid-term domestic oil prices increased 50 percent, while China's 2009 inflation rate will fall to 7.3 percent if not increase, the 2009 inflation rate will reach 8.7 percent.
"Now is the time for reform." Director of the Central Party School of Economics Wang Tokyo that blindly through government regulation and control prices is not permanent solution, he believed that oil prices should be, Suihangjiushi, firm and market convergence, "Although the short term will Lagao production costs, but it will lead to inflation« I That long-term perspective, help control inflation. "
Qing Wu also believes that the current oil subsidies by the Government, post, neither economic nor sustainable, the micro-economic Acer is not a good thing. He stressed that the price reform to start sooner or later, as Chenzao, "delaying the time is too long, the price is very high."
Link: report proposed to increase the tax threshold
Yesterday, the NPC Financial and Economic Committee report noted that further increases in personal income tax threshold, reducing the savings deposit interest tax rate, increase people's real incomes. On the 22nd of this month, the State Administration of Taxation issued the first half of tax data, including personal income tax completed 213.5 billion yuan, an increase of 27.3 percent. March this year, the tax threshold raised to 1,600 yuan a month from 2,000 yuan, but the first half of income Bujianfanzeng, "increased tax threshold," the voice of recurrence.
"I advocate that the threshold would be raised to 3,000 yuan / month." Director of the Central Party School of Economics Wang Tokyo that during the two sessions this year will be raised by the representative of a tax threshold referred to 5000, but he mentioned that 3,000 yuan more Reality.
Director of the Central Party School of Economics, Tokyo Wang pointed out that the implementation of tax reduction at this time is undoubtedly the best way to promote domestic demand. He said that China's current economic growth to maintain long-term stability, the key precondition for a sustained expansion of domestic demand, the current investment has been overheating, the focus can only be extended to stimulate consumption, while revenue from the consumption, therefore, increase revenue in the final analysis, especially in Income of low-income. "The most simple solution is Wangkaiyimian and improve tax threshold."
NPC Financial and Economic Committee report also suggested that to ease the rising cost of corporate pressure, can reduce the toll road access standards such as taxes and fees, through technological innovation of enterprises to reduce costs and increase the tax relief deduction.
Yesterday, the 11th NPC, Zhejiang Furun (600,070 Quotes, Love Unit, the Information) Group Chairman of the Board Zhao Lin held that the tax cut would greatly reduce the burden on enterprises, thereby tightening in monetary policy, under the framework of the prevention of inflation To prevent the economy as a result of tight liquidity and lead to recession; corporate tax cut will stimulate the area of Industrial returning funds to the "natural" to eliminate the asset price bubble, but also will not lead to a hard landing.
Wang Tokyo also proposed that the Government is necessary to the business tax cuts. He said that now a general increase wage costs, the appreciation of the renminbi, the decline in the competitiveness of enterprises, the tax cut as soon as possible, to prevent wage diverted profits. "VAT should speed up restructuring efforts." Wang said in Tokyo, the NPC Financial and Economic Committee report "through technological innovation of enterprises to reduce costs and increase the tax relief deduction." In his view, not only to give preferential tax policies high-tech enterprises, To face to all enterprises, especially labor-intensive enterprises, which related to employment issues, can prevent the economic downturn.
2008-07-22
Three years to the appreciation of the RMB against the U.S. dollar more than 21%
Over the past three years the RMB against the U.S. dollar
More than 21 percent appreciation
July 21, is the RMB exchange rate formation mechanism reform third anniversary. People's Bank of China authorized foreign exchange trading center on the 21st announced that the interbank foreign exchange market exchange rate of RMB against the U.S. dollar price of 1 U.S. dollar against 6.8271 yuan. This basis, over the past three years the appreciation of the RMB against the U.S. dollar rate has exceeded 21 percent.
July 21, 2005, announced the launch of China's RMB exchange rate formation mechanism reform, will no longer be pegged to the U.S. dollar, but reference to a basket of currencies, implement a managed floating exchange rate system.
Throughout the reform, the RMB exchange rate against the U.S. dollar continued to show small gains overall situation, "Youshengyouxiang" features two-way fluctuation was also evident. 2008 has been a notable feature is that the appreciation of the RMB against the U.S. dollar accelerated pace has accumulated nearly seven percent increase, over the last year of the annual increase of 6.90 percent.
At the same time, the flexibility of the RMB exchange rate strengthened, inter-bank spot foreign exchange market in non-US dollar currencies against RMB trading price to expand the floating range of 3 percent. RMB against the U.S. dollar exchange rate volatility from the daily average in 2005 to the end of the year after the expansion of 17 basis points to the current more than 60 basis points.
The past three years, always adhere to China's exchange rate reform initiative, controllability and gradual way, the principle of continuously push in-depth, practical, effective regulation and control the exchange rate reform is expected towards the goal, the exchange rate mechanism in the process of continuous improvement, the risks associated with Have gradually brought under control.
The change, the exchange rate to improve trade imbalances and promote industrial upgrading, and the impact of expanding domestic demand increasingly appear. At the same time, China's export structure has been optimized, textile, footwear and other labor-intensive products and energy products in exports as a share of declining export growth of good mechanical and electrical products.
However, economic restructuring and industrial upgrading process does not necessarily mean that some of the competitive industry gradually decline. In the context of the appreciation of the renminbi, clothing, footwear, and so China's traditional export industries especially the pressure on, there inevitably some business failures, out of the market, and trigger the industry to accelerate integration of the situation.
For such enterprises, simply rely on low prices, the expansion of quantity is not the preferred mode of development strategy, strive to raise the value-added products, improve product quality, enhance brand awareness is a wise move. In China, due to regional development imbalances, which have such industries as industries shift from the eastern region to the central and western regions may be created.
Practice has proved that the majority should be proactive instead of the appreciation of the RMB business to gain greater market share and faster profit growth. Many enterprises through internal tap the potential, financial and other measures to hedge the development and transformation.
People's Bank of China in the first quarter monetary policy implementation report that will continue to be active, controllable and gradual way, the principle of improving the managed floating exchange rate system. Accelerate the transformation of economic development and foreign trade growth mode, more restructuring, further boosting domestic demand in the economy pulling effect, and optimize the import and export commodity structure.
More than 21 percent appreciation
July 21, is the RMB exchange rate formation mechanism reform third anniversary. People's Bank of China authorized foreign exchange trading center on the 21st announced that the interbank foreign exchange market exchange rate of RMB against the U.S. dollar price of 1 U.S. dollar against 6.8271 yuan. This basis, over the past three years the appreciation of the RMB against the U.S. dollar rate has exceeded 21 percent.
July 21, 2005, announced the launch of China's RMB exchange rate formation mechanism reform, will no longer be pegged to the U.S. dollar, but reference to a basket of currencies, implement a managed floating exchange rate system.
Throughout the reform, the RMB exchange rate against the U.S. dollar continued to show small gains overall situation, "Youshengyouxiang" features two-way fluctuation was also evident. 2008 has been a notable feature is that the appreciation of the RMB against the U.S. dollar accelerated pace has accumulated nearly seven percent increase, over the last year of the annual increase of 6.90 percent.
At the same time, the flexibility of the RMB exchange rate strengthened, inter-bank spot foreign exchange market in non-US dollar currencies against RMB trading price to expand the floating range of 3 percent. RMB against the U.S. dollar exchange rate volatility from the daily average in 2005 to the end of the year after the expansion of 17 basis points to the current more than 60 basis points.
The past three years, always adhere to China's exchange rate reform initiative, controllability and gradual way, the principle of continuously push in-depth, practical, effective regulation and control the exchange rate reform is expected towards the goal, the exchange rate mechanism in the process of continuous improvement, the risks associated with Have gradually brought under control.
The change, the exchange rate to improve trade imbalances and promote industrial upgrading, and the impact of expanding domestic demand increasingly appear. At the same time, China's export structure has been optimized, textile, footwear and other labor-intensive products and energy products in exports as a share of declining export growth of good mechanical and electrical products.
However, economic restructuring and industrial upgrading process does not necessarily mean that some of the competitive industry gradually decline. In the context of the appreciation of the renminbi, clothing, footwear, and so China's traditional export industries especially the pressure on, there inevitably some business failures, out of the market, and trigger the industry to accelerate integration of the situation.
For such enterprises, simply rely on low prices, the expansion of quantity is not the preferred mode of development strategy, strive to raise the value-added products, improve product quality, enhance brand awareness is a wise move. In China, due to regional development imbalances, which have such industries as industries shift from the eastern region to the central and western regions may be created.
Practice has proved that the majority should be proactive instead of the appreciation of the RMB business to gain greater market share and faster profit growth. Many enterprises through internal tap the potential, financial and other measures to hedge the development and transformation.
People's Bank of China in the first quarter monetary policy implementation report that will continue to be active, controllable and gradual way, the principle of improving the managed floating exchange rate system. Accelerate the transformation of economic development and foreign trade growth mode, more restructuring, further boosting domestic demand in the economy pulling effect, and optimize the import and export commodity structure.
CNOOC half net profit of 18.9 billion yuan of profits among the first three national enterprises
Jinghua Shibao
-- (Zhang Yan) China National Offshore Oil Corporation announced yesterday, the company merged the first half net profit of 18.95 billion yuan, an increase of 35.2 percent.
The first half of the production of oil and gas company CNOOC equivalent 20.702 million tons, an increase of 2.4 percent, consolidated operating income reached 106.33 billion yuan, an increase of 48 percent; combined total profit of 41.37 billion yuan, an increase of 47.2 percent. Total profits rose to third in the national enterprises, accounting for a total profit of central rate of 9.3 percent.
Company official pointed out that international crude oil prices high in the upper reaches of industry to generate revenue, while its costs rising rapidly, and a tremendous pressure on the downstream industries. The merger of the first half of operating costs increased by 52.9 percent.
-- (Zhang Yan) China National Offshore Oil Corporation announced yesterday, the company merged the first half net profit of 18.95 billion yuan, an increase of 35.2 percent.
The first half of the production of oil and gas company CNOOC equivalent 20.702 million tons, an increase of 2.4 percent, consolidated operating income reached 106.33 billion yuan, an increase of 48 percent; combined total profit of 41.37 billion yuan, an increase of 47.2 percent. Total profits rose to third in the national enterprises, accounting for a total profit of central rate of 9.3 percent.
Company official pointed out that international crude oil prices high in the upper reaches of industry to generate revenue, while its costs rising rapidly, and a tremendous pressure on the downstream industries. The merger of the first half of operating costs increased by 52.9 percent.
2008-07-12
Forbes announced in 2008 listed companies in China the best and worst bosses
The latest issue of "Forbes" Chinese version 7 monthly magazine, the "2008 China (non-state-owned) companies listed on the best and worst bosses" NEW. Lake new venture (600,840), chairman of Chen Jian, general manager Dan Xu Hong, far-energy (000,683), chairman of Dai-Even, general manager of the sea-and Sanyizhonggong (600,031), chairman of Liang Wengen, president of the text Habitat-wave "red list" top three, while Bird shares (600,130), such as Xu Lihua, chairman and general manager of the unfortunate owner of 10 on the "white list."
This is the first Chinese edition of Forbes launched four non-state-owned Chinese A-share listed companies best and worst bosses investigation. According to the survey, the past three years, selected the best employers list of 25 enterprises executives to shareholders an average of 18.2% of net return on assets (ROE), and their average ROE of the industry in which only 9.3% . These companies, CEO / President / General Manager of the past three years the average annual salary of the median of 370,000 yuan. List of the worst bosses selected 10 enterprises, the average net return on assets (ROE) as low as -54.5%, while executives are still receiving an average of 30 million to pay its 2007 average salary of 325,000 yuan .
Mr. Liu Ruiming system Bangren sum up this year's survey when the boss has spoken the best and worst bosses the distinction: "the best boss in their respective areas so deep and stronger business and seek opportunities to expand outward, at the same time very Pay attention to their social responsibility and the company's public image, while the worst bosses in the main industry often fail to do so through deep, encountered operating difficulties in the management of ideas is not clear, failed to smooth out difficulties enterprises. "
At the same time, Forbes again this year named 30 "the highest of China's listed companies boss", these executives from listed companies in 2007 for the salaries are more than 1 million yuan. These executives, the average age is 51 years old, in 2007 the average annual salary is 492 million, the average salary or 195 percent. One reelection as the highest annual salary in China is the boss Laurel Green (601,318) Ma Mingzhe, chairman and chief executive, of his 2007 salary of up to 66.16 million yuan, an increase of 394 percent.
This is the first Chinese edition of Forbes launched four non-state-owned Chinese A-share listed companies best and worst bosses investigation. According to the survey, the past three years, selected the best employers list of 25 enterprises executives to shareholders an average of 18.2% of net return on assets (ROE), and their average ROE of the industry in which only 9.3% . These companies, CEO / President / General Manager of the past three years the average annual salary of the median of 370,000 yuan. List of the worst bosses selected 10 enterprises, the average net return on assets (ROE) as low as -54.5%, while executives are still receiving an average of 30 million to pay its 2007 average salary of 325,000 yuan .
Mr. Liu Ruiming system Bangren sum up this year's survey when the boss has spoken the best and worst bosses the distinction: "the best boss in their respective areas so deep and stronger business and seek opportunities to expand outward, at the same time very Pay attention to their social responsibility and the company's public image, while the worst bosses in the main industry often fail to do so through deep, encountered operating difficulties in the management of ideas is not clear, failed to smooth out difficulties enterprises. "
At the same time, Forbes again this year named 30 "the highest of China's listed companies boss", these executives from listed companies in 2007 for the salaries are more than 1 million yuan. These executives, the average age is 51 years old, in 2007 the average annual salary is 492 million, the average salary or 195 percent. One reelection as the highest annual salary in China is the boss Laurel Green (601,318) Ma Mingzhe, chairman and chief executive, of his 2007 salary of up to 66.16 million yuan, an increase of 394 percent.
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