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Page 1: Bank financial products or the "Fund" of looking back
in 2008, the Chinese financial market has experienced ups and downs of the sorrows
and joys: from "playing the new" products all the rage, back
"zero income" of the bear to recall, from the bond market
bullish, back ups and downs of commodity markets ... ... the Chinese capital market
investors with the turbulent and emotionally. In 2009, investors are hard to level mood:
after all, how kind of investment and financial management approach is more suitable
for current severe market environment? "Money along the" try
to find the answer for the reader, for the new development of one-year investment life,
they feel.

Financial products or "mutual funds"

The first half of fiscal 2008, the bank market, because the central bank to implement
the policy of the credit crunch makes the issue almost all financial products and credit
products linked to assets and instruments, financial products markets were showing a
special critical "homogenization" phenomenon . Analysis of the
industry, with the abolition of credit restrictions in 2009, financial products and the
birth of power will change the future of its "fund" of the trend
or significant, relevant market competition will intensify.

"From the current situation to look next year, the issue of financial
products may have to scale down." Southwestern University of Finance
and Banking Trust Senior Fellow, Institute deeper Lee told reporters. According to his
analysis of the star product in the first half of 2008 - Cooperative Bank letter of credit
products, in the last quarter of 2008, a decline in the number and size distribution has
been very clear.

In fact, the polishing machine, credit such a large class of financial products there, and
after the policy-related credit crunch, financing difficulties of the enterprises have to
obtain the relevant funds through this route. "But in 2009 monetary policy
will become more relaxed, a direct result of corporate finance is not difficult,
therefore the issue of credit products will be greatly affected by the fall."

According to the wealth of general interest statistics, in 2008 the credit bank wealth
management products occupy important financial market in the first issue, accounting
for up to scale back more than 50%, commensurate with the bank financial market,
"half."

However, what products will the future of credit products to fill empty it? Everbright
Bank Shanghai Branch retail assistant general manager, said Xu Xin, 2009, financial
products, one of the main direction will be "mutual funds
operation." Its basic form, the bank issued a set of products will form the
pool of assets. Down time, the banks will raise capital from investors to do here, an
asset management work, the direction of investment may also be bonds, notes and
other warm door subject, environmental equipment, it may be the other direction.
"Of course, these products will increase liquidity, will set the redemption
return date, also has its open day." This means that such products will be
the same as a redemption and purchase funds such as increased financial liquidity
investment in facilities, the rights of copyright owners are bound by the original
works; and if investors want to join the relevant redemption, also need to pay a certain
fee. Who holds the stock market change "trend", who is the
winner.

Wealth management products for banks, this new trend, Lee to deep hold the same
viewpoint. He said the unity of the industry view is that the bank financial market in
2009     will    be     2008's        "extensive"         to
"intensive-type"        product     transition.    "Asset
management products will be an important development direction." Guer,
the next bank in the financial market will play a more active role in governance,
"the banks compete with the level of asset management, will also carve the
detailed product the abilities of the relevant competition will be more intense.
"

(Editor: Wang), p. 1: financial products or "mutual funds" may
concern the market arbitrage opportunities

Experienced a bull market in 2007 and 2008 bear market, the largest investor
sentiment, perhaps: investment market have to take a look at his face - a bull market,
buy and consequently the money; the case of a bear market, losses are not spared.

Immediately back to the 2009, the entire macro will continue to face challenges: the
profitability of listed companies also declined, deflationary pressure is higher.
Industry insiders estimate, the stock market in 2009 will be in the low vibration; and
fixed income markets due to the inter-bank funds in Stinting reasons pushed market,
leading to a decline in yields down on the ... ... in the market to maintain succession
volatility, investors opportunities to learn how to find "gold"
mean? Industry experts point out, in a volatile market, it can be concerned about the
market opportunity for arbitrage gains.

"The experience of investors to the opportunity to make money over and
over again is the unilateral market, only the bull market have the opportunity to make
money." Easy forex "But the bear market down to allow more
institutions to consider, Kunshan Translation, how to operate strategy into the
adjustments, so that investors can make money in Bull and Bear. "SDIC
Trust Senior Trust Manager said Dr. Wen-Sheng. Therefore, the arbitrage strategy in
the coming year will be a very good investment.

Wen-Sheng said the characteristics of arbitrage is whether changes in the market, can
make investments with stable returns. Sharp fluctuations in the overall price situation,
the frequency of arbitrage will be more space. In 2009, as there are many uncertainties
in the market, so regardless of stock market is up is down, as long as there is a price
volatility, arbitrage space will appear, Touzi Zhe also be able to get benefits.

According to report, the market arbitrage opportunities have been offered similar
financial products. Bank of East Asia had issued such a "profit Po
& rdquo, foam board; Series 13, the product linked to BNP Paribas
all-weather index, through dynamic configuration, adopted simultaneously long and
short strategies, the rise and fall of the market and benefit both. Dr. Wen-Sheng said
the country has invested a commensurate investment trust research efforts to study the
relevant market, in 2009, as arbitrage opportunity to the timely availability and type
of trust products.

Time, such arbitrage products "will be a big market concept, not limited to
a certain market making arbitrage, it will not solely on the stock market or bond
market, the market will open up, increasing capital earnings capabilities.
"This kind of operation of the trust products, investors can invest directly
in high-trust issue related products, and once the larger of these products, retail
investors can be concerned about the banks and trust companies to launch the
arbitrage-based financial products silver letters.

Need to be reminded that arbitrage generally not suitable for retail investors own
operation. On the one hand, arbitrage because it involves a great amount of
computation down, spending a lot of effort to track. Arbitrage occurs when, with the
individual is difficult to estimate. Professional organizations according to their own
advantage to do this arbitrage products than the average investor to operate, more
stability and advantages.

(Editor: Wang), p. 1: Bank financial products or the "Fund" of
fried gold Chaohui or succession Selling Well

Loans to buy a house is a lot of Chinese people's dream of a shortcut to live,
and in 2008, and the house slaves were closely related to the mortgage policy has
gone through in the shortest period of time down by the tight 180 degree turn loose.

The first three quarters of this year, China has been in a tight monetary policy, the fast
food, anti-inflation, capital growth as a major task. The financial institutions credit is
tight, mortgage rates are also a fair financial return recalled this year, laying the
biggest winner on stage than gray fried gold Chao Hui's agency. Their
business is booming also thanks to foreign exchange margin business during the year
and gold t + d personal business Ming stop.

Previously, the country, including Bank of Communications, China Minsheng Bank
and Bank (600,016, stock it), including a few commercial banks offer two-way
operation, you can enlarge a certain multiple of Leverage Foreign Exchange Trading.
In June this year, the CBRC documents to an abrupt end. Industry sources, the
magnification of individual banks has led some customers too much out of control is a
direct incentive for investment losses. Coincidentally, the same with the levers of gold
t + d business is suspended in November by the Commission Ming personal account,
with the subject matter is also ignited speculation Kim Chang satellite warehouse
explosion case.

"Now, we can only sigh at home and derivatives trading was a stumbling
block to progress on the road there in a timely manner, if the pace of liberalization in
2005, then step away, bringing the current financial tsunami, the loss of domestic
investors may be more important." One in the foreign exchange, engaged
in trading the gold market for years, analysts said.

The reporter, the face of the huge domestic demand for investment of margin trading,
Bank of Communications in November re-run of a 1-fold magnification only the
foreign exchange margin business, which is obviously not satisfied with a lot of hope
for investors in the foreign exchange market, the demand game. There are a lot
outside the deputy foreign exchange trading platform, which can not be inverted in the
domestic legal protection. "In order to circumvent the laws of the general
formal institutions do not speculate in gold G ***, do not occur directly and customer
financial transactions, and require investors to sign indemnity. & Rdquo, jet
mill; fx168 Research Li Jun, general manager told reporters. Meanwhile, gold t + d
after the individual business is halted, all gold trading agency is satisfied through
other channels Leverage the needs of those who speculate in gold.

"In the sub-prime crisis, the storm has not calmed down at home and
abroad, before the pace of domestic derivatives are not too fast, re-release of gold and
foreign exchange margin trading will take some time." Prior to the analyst
said. But the ability to take risks, and investment experience with a certain speculate
in gold, Chao Hui investors, in choosing a good agency and secure platform could be
considered prior to the temporary departure.

Road is long distance, in 2009 we have or will inherit in the gray zone migration, but
we also look forward to the dawn of view down.

Foreign investment gone?

Last year, at home and investors understand the first time back to share the concept of
global capital markets, while on the train in Hong Kong shares were suspended
shortly after the Ming in 2008, represented a to qdii warming trend experienced
overseas investment shock.

Looking back in 2008, whether or fund Banking Department qdii gives the repeated
& ldquo, cleaning products; surprise ", two wool, San
Mao's net worth investors devastated. But in the end, we understand more
overseas investment profound.

"After a short-term operation, 2 months my account 16.6% of capital
profits." Bought one of products of a fund company qdii investors to a
reporter. Is qdii have bottomed out, overseas investment in 2009 began to show a
good dream? To this end, the reporter observed several special funds and banks qdii
performance, found that only a highly speculative gamble.

The operation of the market system qdii 9 fund products, the vast majority of
investment targets for Hong Kong's capital market, while the prefix is the
Awkwardness stock. The so-called "global market share, investment
overseas" qdii have insufficient purity.

Starting from January this year, there is no way a qdii escaped the net down, and the
decline of almost no shock routine, down more than half, 4 gross interval, 3 Mao
Mao ... ... until 2 in November, due in overseas markets bailout the effectiveness of
the previews, the investment banking department qdii such as the stock market CITIC
Bank (601,998, stock it), "Hong Kong stocks Morning"
overseas financial management and the emerging markets the Bank of China Bank of
China (r) have also experienced a rebound. The Fund is among the cast qdii Castrol
overseas such as Asia Pacific and the net are obviously picked up.

"For Duanchao qdii or bargain-hunting investors will, I have recommended
prudently. As a stock market investment at home and have to stock selection, choose
the same theme, the choice of overseas funds to look first investment target, as most
funds are Department of qdii with Hong Kong stocks as the main investment targets,
in turn, closely linked and the United States market. in the U.S. market to stabilize
before the rush of speculative investor is not recommended. "Hong Kong
office of a foreign OK, a personal high-end business director told reporters, with
compression Filter. In other words, qdii below a dime, there is the possibility, and
since there is no single-day Hong Kong stock market, price limits, short-term risk of a
huge operation.

So, when someone sent a stock market valuation range into a reasonable time, does
not mean that overseas markets are also applicable. Furthermore, operating costs
come from the concept, qdii of liquidity is not as good as imagined. Banking qdii
have a lot of redemption can not only set the subscription of the species, even if the
fund can qdii daily purchase and redemption, the down time and fees account is very
high. Therefore, foreign investment in the next repeat, we should do what is within.

3 (Editor: Wang), p. 1: Bank financial products or the "Fund" of
looking back in 2008, the Chinese financial market has experienced ups and downs of
the sorrows and joys: from "playing the new" products all the
rage, back "zero income" The unbearable go first, from the
bond market bull market ups and downs of commodity markets down ... ... investors
along with China's surging capital markets and an upsurge of emotion.
Shop Wang in 2009, investors are hard to level mood: after all, how kind of
investment and financial management approach is more suitable for current severe
market environment? "Money along the" try to find the answer
for the reader, for the new development of one-year investment life, they feel.

Financial products or "mutual funds"

The first half of fiscal 2008, the bank market, because the central bank to implement
the policy of the credit crunch, making the issue of almost all financial products and
credit products linked to assets and instruments, financial products markets were
showing a special critical "homogenization" phenomenon .
Analysis of the industry, with the abolition of credit restrictions in 2009, financial
products and the birth of power will change the future of its
"fund" of the trend or significant, relevant market competition
will intensify.

"View from the current circumstances, bleaching agents, the issue of
financial products next year may have to scale down." Southwestern
University of Finance and Banking Trust Senior Fellow, Institute deeper Lee told
reporters. According to his analysis of the star product in the first half of 2008 -
Cooperative Bank letter of credit products, in the last quarter of 2008, a decline in the
number and size distribution has been very clear.

In fact, such a large scale credit class financial products emerge, with the previous
policy-related credit crunch, financing difficulties of the enterprises have to obtain the
relevant funds through this route. "But in 2009 monetary policy will
become more relaxed, a direct result of corporate finance is not difficult, therefore the
issue of credit products will be greatly affected by the fall."

According to the wealth of general interest statistics, in 2008 the credit bank wealth
management products occupy important financial market in the first issue, accounting
for up to scale back more than 50%, commensurate with the bank financial market,
"half."

However, what products will the future of credit products to fill empty it? Everbright
Bank Shanghai Branch retail assistant general manager, said Xu Xin, 2009, financial
products, one of the main direction will be "mutual funds
operation." Its basic form, the bank issued a set of products will form the
pool of assets. Down time, the banks will raise capital from investors to do here, an
asset management work, the direction of investment may also be bonds, notes and
other subject warm door may also be other direction. "Of course, these
products will increase mobility, FRP cooling tower, will set the redemption period,
also has its open day." This means that such products will be with the Fund,
such as a redemption and subscription increase the liquidity of the investment in
facilities; and investors to conduct relevant, once redeemed, are required to pay a
certain fee.

For financial products, this new trend, Lee to deep hold the same viewpoint. He said
the unity of the industry view is that the bank financial market in 2009 will be
2008's                      "extensive"                  to
"intensive-type"         product      transition.   "Asset
management products will be an important direction into the shop." Guer,
the next bank in the financial markets will play a more active management role,
"the banks compete with the level of asset management, more products
will also be high score, the relevant competition will be more intense. "
?

				
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posted:8/17/2010
language:English
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