Concerns about the outlook for policy, institutional and small, scattered, trapping their care, making the China A shares as a paradise for speculators.
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wording in this article is about the time, China's A share market place the sharpest in recent months an adjustment, July 29, the Shanghai index plunged over 210 points in intraday trading.
for this adjustment, the author's interpretation of a friend of the investment community is the
First of all, in my opinion, some recent scholars and even officials of the identity of scholars with the Chinese theory of the asset bubble, the stock market correction is an important background. The discussion of the asset bubble in China means that management may again brings up the makes the stock market correction has an important policy context, and in China, a this policy is expected. This week has listed Sichuan Expressway and the trend of Chinese architecture can be very appropriate interpretation of them is how big money now to force control measures introduced by the Government. As IPO market shares only after the first restart, Sichuan Expressway Listed on the day of the big funds have been stir-fried quickly rose in after opening more than 100% increase, even after the suspension was temporary, gains are still closed more than 200%. The apotheosis of technique and time to market in China in 2007 the situation is quite similar. deification of China in 2007 after the listing, the trend is quite sharp: the initial listing of nearly 100% increase on the subsequent Mogao to 94 yuan or more. it created a sensation in the blue chips of the first of its kind. Many messages are displayed, stir behind the myth of China, agencies in the oil profits for subsequent deliberate release of the bait. the 29 buildings listed on the last closing price is lower than China's opening, it is thought of so many retail 2 years before the songs information about the callback, according to the author observed at least 2 weeks, despite the stock has been rapidly pulled up, but shut the daily limit in Shanghai and Shenzhen stock daily average of less than 15; This includes late (at 2 point later) sealed. This is a late try for the practice of intentionally making.
for this index does not rise up while the stock of the situation, most of the retail strategy to take the Kuaijinkuaichu . As far as I understand it, although the number of new accounts, a dramatic increase, but most investors have adopted a operating practices is that many investors, taken in order to avoid risks, the aim was simply to eat into the cup of soup, do not do the last to defend the crown.
not only individual investors, even some funds have taken such a public offering strategy. A trader had told the author, he studied his stock manipulator and found a large number of funds involved in the recent, but many funds are professional investors into July has already sensed the coming of the stock market adjustment.
it can be said in the July 29, the market filled with a speculative flavor, as if a dying person is hard to eat the Last Supper of life.
in my opinion, China's stock market is the root cause of this unhealthy management the normal development of the stock market is very negative. to protect minority investors for the purpose of the policy will be stuck with the last hemp small and medium investors. The reason is very simple, small and medium investors uninformed capital is limited. the stock market under the policy or the policy is expected adjustment to the big money opportunity for bargain hunters, and then the strength of these funds will be used to fight all the way to the stock price high, and in front of the stock price, not many people can hold on, the small retail investors will admit to the market quickly , Shahui the stock market, and when they will be the last one rod.
This is from the After the stock all the way up, and finally rushed to the 6124 points. Although at the time very scary, but if the contrast K line graph, you will find that the adjustment had never been seen not worth mentioning.
in my opinion, July 29 adjustment, it is a large capital adjustment policies on the use of market expectations, the Chinese construction market under the guise of funding caused by the siphon effect, suppressed due to the broader market. Its purpose is to absorb the chips, pulled up in preparation for the next wave.
have to mention here the recent entry of hot money, according to public information, 6 reached the end of 2.13 trillion U.S. dollars of foreign exchange reserves, which amount for the second quarter, foreign exchange reserves increased 177.9 billion U.S. dollars, the trade surplus was 34.7 billion U.S. dollars, FDI (foreign direct investment) in increments of 21.2 billion dollars. According to the current statistical methods of hot money, net foreign reserve increment incremental trade surplus and FDI, suspected of hot money of up to 122 billion U.S. dollars foreign capital.
and flow and I had expected the same is abandoned property, enter the stock market. This is more than the equivalent of 800 billion yuan of funds into China, it is the triumph of the Chinese stock market, these funds is difficult to have a good chance Jiancang. And this adjustment is these hot money Jiancang a good time. Today's volume seems to prove this speculation .7 29 reached a record turnover of 437.2 billion yuan more than the most prosperous in 2007 when the Chinese stock market is even higher.
author that the stock market after a brief adjustment, will continue to rise, but then the color will be more heavy speculation.
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