OVERMAN FORUM

the inflow of foreign investment has gradually been expected, including banks underestimate the value of blue-chip valuation gap has been gradually repaired AH; fourth, the overseas liquidity point of view,, by the end of 2012 the global launch of the risk on mode, but this is a risk off. In summary, the Vanguard fund is hard to believe that this foreign short squeeze catalyze similar market by the end of 2012.The inflow of foreign capital to promote Hong Kong and mainland stock markets,, including the main reasons: First, the orientation of China's monetary policy easing, the market expects China's economy stabilized; Second, Shanghai and Hong Kong through, prompting begin to repair the A-share market is expected valuation discount. In addition, overseas start risk off mode, also prompted some overseas funds flee Europe and the United States, entry into Hong Kong and A shares and other emerging markets. Recently, the Fed's wording on the economy and inflation expectations more optimistic that the Fed was forced to tighten the pressure rises, stocks experienced a sharp correction, the dollar continued to strengthen, the market consensus for the Fed to raise interest rates gradually toward the first half of next year. In this context.
after "I learned that forced him first hospital Check, which thought he is terminally ill ... "Reporters interview that, as early as April of this year,, just after the 40-year-old Chinese had learned that he had cancer, but he has been telling organizations and even family,, has six courses of chemotherapy is the use of work time to the hospital, did not please day off.
the Vanguard fund expected capital into Hong Kong stocks and shares more fancy A relatively low valuations,, rather than the A shares of the long-term trend in this assumption, the expected inflow of funds into the stock market is limited.Ten thousand Fund believes that market expectations for further easing may be in vain. Recently, the central bank cut repo rate,, the market has been gradually on the expected rate cut. However, from the current understanding of the situation, the probability of a rate cut small. M2 growth is expected to fall. Thus, the positive support of wide credit market will gradually decrease.Funds to promote the stock market since late July,, mainly from: a) foreign capital inflows; 2) pre-Ta funds; 3) the return of funds to fight the new, which is a foreign inflows sustainable future. Vanguard fund analysis summary,, the inflow of foreign capital more A shares participating in the Shanghai and Hong Kong through-catalyzed repair valuation arbitrage, continuous follow-up is not strong. Therefore, we highly cautious post-market.On sector allocation, may be concerned about the high side AH discount stocks. Currently, the largest bank valuation discount more,, but need a lot of money promoting upward, not recommended for concern. In addition, animal husbandry and fishery, nuclear power, and new energy vehicles UHV concern. Sina statement: Sina posted this article for more information to pass, does not mean agree with their views or confirm the description. Article content is for reference only and does not constitute investment advice. Investors operate your own risk.According to Xinhua News Agency, Washington, June 5 - Chinese Ambassador Cui Tiankai said in a joint permanent major American news media interviews China on the 5th.
to plan,, to make it better benefit the two peoples and the peoples of the world.(Original title: "Xi Olympic" strategic and historic signMetropolis Daily News (Reporter correspondent Wu Changhua blue) suffering from cancer last more than five months, while quietly continued to work while undergoing chemotherapy until the last week of life, before being informed by the family unit. Wuhan Tianhe Airport Public Security Bureau deputy director of the Chinese was only 40 years old died young, the memorial service held on the 24th, more than 400 people participated in sad farewell maximum sentence is "I did not expect."Airport police cried to a reporter recalled, September 1,, Haikou, China National Bureau went to exchange experiences, Shengruhongzhong, "Our hair falls on his shoulders a bit strange, but he later explained that exertion heat stroke." "Just this month on the 8th,, he was helped by his nephew to the top class, explained that abdominal pain,, saying it was like after a while." Airport police chief Xie is very sad.
the President Xi Jinping and President Obama will be local time on the 7th to the 8th meeting in California ,, the meeting was the first face to face contact between China and the heads of the two countries after the change of government,, but also a strategic and historic meeting. The two leaders will focus on the construction of the new Sino-US relations among major powers in this thread,, it is a matter of major issues of the future development of bilateral relations in-depth communication.Cui said that since the establishment of diplomatic relations, bilateral relations have achieved great development. Under the new situation, how the development of Sino-US relations is not only related to the interests of both countries, but also related to peace, stability and development in the Asia-Pacific region and the world. The two sides should be the two peoples and the world people's fundamental interests, focus on the overall situation and the future,, to meet the requirements of the times and embark on a new path of development of relations between big powers.Cui said the new feature of relations between big powers should be equality and mutual trust, tolerance and mutual learning, cooperation and win-win,, long-term healthy and stable development of bilateral relations on this basis. This is a common cause between the two countries, but also an "unprecedented, Kai arrivals' career, will lead the Sino-US relations have entered a new stage of development, will also open a new chapter in international relations.Cui said, we look forward to a positive outcome of this meeting made important for the future development of Sino-US relations for a period specified in the direction.
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