China Financial News Headlines

Bond products welcame spring
After the introduction of the central bank to cut interest rates policy, although the performance of the stock market is still in the doldrums, the bond market has shown sun on clear days, investors can look for investment opportunities. As the interest rates and bond yields inverse relationship, once the cycle of rate cuts become a reality, the bond market will be bullish.

Global stock market go bull markets，with funds ports: government bonds and corporate debt
Tax cuts and other measures are the main means of stimulating the economy and an absolute good for the stock market, but the effect is often difficult to be reflected in the short term. As in the previous two-year bull market, repeatedly raising interest rates and the deposit reserve ratio did not stop the rising trend of the market.

Qingdao wins China’s first life insurance index
Nankai University Business School and group life insurance awareness index Heng Standard Life jointly announced the “2008 Annual Heng Standard Life Insurance Index Study”, the overall average life, Qingdao research in 12 cities in the top again, the people of the risks Awareness of the life insurance industry, and other indicators of the degree of recognition in the forefront of the country.

other news: oil

New York crude oil futures prices fell to a record of 78 U.S. dollars, a new low of this year
The news of Hexun, according to Bloomberg News reported on Oct. 11, being affected by the growing global financial crisis, today the price of crude oil futures continued to fall, which is now below to 78 U.S. dollars a barrel price. At the same time, copper prices hit its 20 years which is the new high.

Growth rate of decline in the performance of listed companies is a foregone conclusion
Involvement in the worsening economic situation at home and abroad, the market performance of listed concerns have gradually increased.Which just entered the phase of the disclosure, the listed companies in the first three quarters of this year handed over a statement of what kind of answer. How it will bring the impact on market in the near future, is a focus of investors’ concern.

stock:

Li Ka-shing lost 180,000,000,000 Hong Kong dollar
By the affect of the stock market continuing to decline, Hong Kong stocks of market value fallen from Hong Kong dollar 13700000000000 to 10800000000000. The Hong Kong dollar market value of nearly 3 trillion by financial waves engulfed. Hong Kong 3, the rich can not avoid suffering huge losses from Sept. 14 to Oct. 7 date. 3 Hong Kong tycoons Li Ka-shing, Lee Shau Kee and Kuok Brothers, 184,300,000,000 Hong Kong dollar losses, respectively lost 80,500,000,000 and the Hong Kong dollar 486 Billion.

Gold futures alone
The central banks cut interest rates to fail to join hands to alleviate the financial market turbulence. Friday, the domestic futures market with a little breath fell again panic, and the main varieties of contract dropped substantially, but gold futures outshane others.

Jiangxi Copper CWB1 was not closed on the first day of trading
Jiangxi Copper CWB1 landed on the stock market this Friday. However, it was a complete surprise that, the variety was not limited on the first day covers, but after rushing to the high on the opening it maintained the pattern of shock, then closed up 11.25 percent.

Focus on bond funds in October
In September, under the promote of good policy, the dark clouds of the pre-market at the beginning appeared the dawn. However, when the Commission announced the official start of the trial Margin policy background, on the first trading day in October the decline of 5.23 percent ended the trend of the day.

Wang Yin-cheng: “Coal and insurance marriage” can promote the harmonious development of coal industry
Taiyuan, China on October 11 Mar (Reporter Wang Zhaokun): Recently, in Taiyuan in Shanxi Province at a summit of the Forum, the president of the Chinese People’s Property Insurance Co., Ltd., Wang Yin-cheng viewed that, during the transition process of the coal industry, the insurance can play an important role in promoting.

other news: Insurance stocks …

The trend of insurance stocks in the near future is hardly optimistic
On the central bank’s decision to cut interest rates, the industry are generally of the view that the insurance industry has a neutral impact on the negative side. By the decline in bond investment income, the profits of insurance companies in the future may be further compressed, which increased the risk of decline in performance.

U.S. Government asked Fannie Mae and Freddie Mac to buy 40,000,000,000 U.S. dollars bad mortgage bonds
The news from Hexun, according to Bloomberg News on Oct.11st that the U.S. Federal regulatory agencies required Fannie Mae and Freddie Mac from January at the beginning of the purchase to buy 40,000,000,000 U.S. dollars of bad mortgage bonds.

shares:

The panic spread, and Shanghai shares fell 13% in week
U.S. and Japanese stocks both are in an emergency, and the external indexes have hit a one-day decline in recent years. Under the panicest backgrounds of the market, the supervision of the Mainland frequent recently introduced policy to keep steady, but the A shares in the end can not be an exception. Zhou Shanghai Composite Index has fallen by 12.78 percent.

Evening News: Bush said the stock market came from panic factor
U.S. President George W. Bush on the 10th announced that the current stock market diving, by a large extent, stems from uncertainty and fear factor. He called on people to maintain calm, stressed that the United States have sufficient means to deal with the current crisis.

Shanghai “Rich World Summit” takes the Low Road and gives up the Concept of Luxury
Perhaps affected by the global economic recession, which is usually renowned for its luxury sports cars and yachts, jewelry and famous watches, “Rich World Summit” take the low key way.

The Tenth High-tech Fair opens in Shenzhen
The tenth China international high-tech fair was opened this evening. The theme of the fair, “science and technology to improve people livelihood and innovation to change the world” will become the major scientific and technological achievement of the large gathering.

Saving the Property Market
The two rates meet the second down this year, could it save the property market positively?

other news:

Phillips joined the Russian Luxury Goods Giant
Europe’s well-known international contemporary art company in London, Phillips announced that they reached a strategic partnership with Russia luxury goods giant’s Mercury Group.

HongKong Sotheby’s Calligraphy and Painting Works hold our Ground
The Sotheby’s Chinese painting and calligraphy auction held in the fall this year. This auction in Hongkong has withstood the negative pressure of the first day, and achieved good results.