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Shanghai Securities Daily 12 News Summary Of Major Financial Media

2011/1/12 10:44:00 54

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international capital

Favored last season

External storage increment

Create a historical record

The new foreign exchange reserves in the fourth quarter of last year once again caught the eye.

The latest data from the central bank showed that as of the end of 2010, the balance of the country's foreign exchange reserves was 28473 billion dollars, up 18.7% over the same period last year.

Among them, the fourth quarter increased the foreign exchange reserves by US $199 billion 35 million, creating a new increase in the single quarter.

Meanwhile, in October, the new foreign reserves reached 112 billion 596 million US dollars, a record high.

The analysis found that the factors that support the rapid growth of foreign reserves are partly due to the good development of China's foreign economy, the recovery of FDI and the favorable balance of trade, on the other hand, the possibility of foreign investment and investment income.

Six months breakage shares accounted for 11.5% of the listing, and high price earnings ratio has nothing to do with it.

According to Wan de information statistics, between July and January 11th last year, 21 stocks were broken down, accounting for 11.5% of the 182 companies listed during the period, of which 5 were listed on the main board, 8 were in the small and medium-sized board companies and the second board.

In the same period, Shanghai Composite Index and Shenzhen stock index rose by 20% and 38% respectively.

Among these breakage stocks, there are shares of Songcheng stock market with a price earnings ratio (diluted) of up to 103.92 times, and an agricultural bank with a price earnings ratio (diluted) of only 14.43 times.

In this case, there is no absolute relationship between the breakout and the high issue price earnings ratio.

2010

Credit currency

Both the super objective and the shrinking mobility task are arduous.

According to the data released by the central bank on 11, in December 2010, China's new RMB loans reached 480 billion 700 million yuan, and the annual new RMB loans reached 7 trillion and 950 billion yuan, exceeding the 7 trillion and 500 billion yuan credit scale set at the beginning of the year, which was 450 billion yuan.

Data also showed that by the end of 2010, broad money (M2) grew by 19.7% over the same period last year, and also exceeded the growth target set at the beginning of the year.

Analysts believe that the scale of credit and the amount of money invested exceeded the target set at the beginning of last year, which highlights the difficulty of shrinking liquidity this year. It is expected that the use of monetary policy tools will be frequent in the first half of this year.