(The Beijing news) the Chinese stock market froth is serious, has let Hong Kong richest family Li Jiacheng Thursday make an exception the exportation to warn the investor should have advantage to the Chinese stock market thinks the danger, but the English America two big foreign capitals organizations China area person in charge also shows the police to the investor, thought the stock quotations soon lose control, if the froth will be disillusioned seriously attacks the Hong Kong stock market. Beautiful forest group China area President Liu two flies privately in Beijing solicits in the fund conference to indicate that, Chinese stock market index this year the anabatic wind rose 84%, the investor should reduce to the land stock investment spot. Liu two flies said that, "The stock price not only has been high moreover gradually loses the control. Now is enters the stage 絕 the good opportunity, in other words now is not investment time." He pointed out that, center the stock stock price excessively high cannot make the long-term investment on behalf of the investor, but is best the floor in chip reduces 1.. Not come singly but in pairs, Hong Kong Shanghai Hongkong and Shanghai Bank execution trustee Wang Tungsheng accepts when the Hong Kong broadcasting station visit also warned that, the Chinese business already occupies the Hong Kong stock market about four tenths scales, if center the stock froth will be disillusioned inevitably seriously affects Hong Kong. Wang Tungsheng said that, "If has any policy to be possible to suppress Chinese the economical growth, will be able directly to affect these enterprises (the Chinese enterprise which will go on the market in Hong Kong), then influence port stock performance." Wang Tungsheng pointed out that, the recent market worried the mainland heat has had the basis, if the Chinese stock market collapses the plate, "is quite serious" to the Hong Kong stock market's impact meeting. Li Jiacheng: The worry stock market really has the froth phenomenon The body concurrently Yangtze River industry with with records Huangpu Chairman Hong Kong trillion rich and powerful people Li Jiacheng, one day ago only then proposed the warning said: "The body is a Chinese, I extremely worry the stock market. Now this profit ratio is 50 to 60 times, this indeed has the froth phenomenon. I certainly did not hope saw the froth is disillusioned, the investor best is more careful 1.." The Chinese stock heat degree does not draw back, since February 27 the global stock disaster, the Chinese Shanghai deep 300 kind of indexs (CSI 300) greatly rose 48%, the Shanghai stock market composite index first broke through 4000. critical junctions last week. The analyst estimated that, on card composite index ingredient stock this profit compared to climbed to 50 times about, far is higher than the Asian mean value 14 to 18 times. In the past for 3 years, the Chinese economy every year by 10% above speed growth, attracted the full hand cash the foreign capital to swarm enters, then pushed rises to hit the stock quotation. Center □promotes a series of □□□handles on May 19, 2007 09:45 in a big way | center | to be small Center □the government Friday added □□□□□□controlled dynamics, □however adopted in front of a series of □□measures mostly already □use □, but this central bank □□□□measure in identical □□promoted, the procedure might □□often. Center □the government Friday announces a series of receives □□□the policy □to handle, and expressed □□big US dollar/people's □□rate date transaction □□, □a step of Canada □□□□□□controls dynamics.
PS: direct translation from babelfish
This post has been edited by ~Battousai~: May 22 2007, 10:22 PM