国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

China's stocks drop most in 8 months

(Shanghai Daily)
Updated: 2007-01-31 17:03

China's stocks tumbled the most in at least eight months. China Vanke Co. and China Merchants Bank Co. led the drop after lawmaker Cheng Siwei said the country's shares are overvalued, adding to speculation the government will step up efforts to keep funds from flowing into the market.

"Mature investors should have realized gradual corrections from irrational levels are better than a sudden burst," said Leo Gao, who helps manage the equivalent of US$2.3 billion with APS Asset Management Ltd. in Shanghai, Bloomberg reported.


"The government is right to tighten the regulations without intervening in the market," Gao said.

The Shanghai and Shenzhen 300 Index, which tracks yuan-denominated A shares listed on China's two exchanges, plunged 182.65, or 7.2 percent, to 2369.24 at 2:48pm local time, cutting this month's gain to 16 percent. That's the biggest one-day drop since the measure was introduced in April 2005.

China Vanke, the nation's biggest publicly traded property developer, fell 1.67 yuan, or 9.9 percent, to 15.23. China Merchants Bank, the third-largest lender, lost 1.30 yuan (17 US cents), or 7.1 percent, to 17.15. Citic Securities Co., the country's biggest brokerage, lost 3.48 yuan, or 9.2 percent, to 34.19.

Only 30 percent of companies on the Shanghai Stock Exchange are good to invest in by Western standards, and investors in 70 percent of the companies on the exchange will probably lose money, Cheng, vice chairman of the National People's Congress, said yesterday at a conference in Dubai.

The Financial Times, which sponsored the conference, quoted Cheng saying China's stock market showed signs of a "bubble."

"Every investor thinks they can win," the paper quoted him saying. "But many will end up losing."

China's banking regulator ordered banks to make proper checks and stop lending to companies and individuals that use the money for stock investments, the Shanghai Securities News reported on January 27.

Commercial banks should guard against those who apply for loans in the name of purchasing consumer goods, or other legal uses, but in reality use them to buy stocks, the newspaper said, citing the China Banking Regulatory Commission.


(For more biz stories, please visit Industry Updates)



奉新县| 云林县| 富宁县| 巴里| 甘德县| 库尔勒市| 保亭| 道真| 康乐县| 渝北区| 英山县| 全椒县| 调兵山市| 长子县| 长武县| 竹溪县| 盘锦市| 景泰县| 长沙县| 阜宁县| 府谷县| 定陶县| 密云县| 慈利县| 河间市| 射洪县| 林甸县| 屏山县| 牙克石市| 若尔盖县| 济宁市| 托里县| 德州市| 盈江县| 辽阳市| 遂溪县| 台北市| 九江市| 年辖:市辖区| 封开县| 天水市|