|
BIZCHINA> Photos
![]() |
|
Market climbs despite rate rise
By Jin Jing (China Daily)
Updated: 2007-09-18 10:54
"The things that are worrying the central bank are asset prices and the potential for bubbles, and the inflationary consequences of asset price inflation," said Stephen Green, an economist at Standard Chartered Bank. The Shanghai Composite Index has already surged 102.6 percent since the beginning of this year, and the average price-earnings ratio of A shares is as high as 43 times, a jump of 44 percent from the start of the year, according to TX Investment Consulting Co ltd. Shang Fulin, chairman of the China Securities Regulatory Commission, recently cited stock market "abnormalities" to illustrate the "accumulated" risk that has long been ignored by investors. The government has taken many financial measures to mop up liquidity this year, including issuing 150 billion yuan worth of treasury bonds, speeding up the return of red chips to the mainland, and a pilot scheme to allow mainlanders to invest in the Hong Kong market. We are waiting for the 17th National Congress of the Communist Party of China to see what the government will do to fight inflation, and the stock market may respond to that," said Zhu. (For more biz stories, please visit Industries)
|
年辖:市辖区| 始兴县| 南丰县| 富源县| 香格里拉县| 潞城市| 太仆寺旗| 昆山市| 达拉特旗| 壶关县| 宽甸| 阿坝县| 中江县| 霞浦县| 濉溪县| 西藏| 山丹县| 孟津县| 抚远县| 福海县| 潮州市| 乌兰浩特市| 邯郸市| 武隆县| 图们市| 裕民县| 平原县| 汾西县| 龙川县| 乌海市| 蓬安县| 辽宁省| 金堂县| 高碑店市| 江孜县| 灌南县| 广安市| 唐海县| 夏邑县| 腾冲县| 阜城县|