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People’s daily: public placement Fund needs more “stars” managers

Posted in Financial News

     Public placement Fund today, become an important way of ordinary people, only out of profit-oriented approaches to development, public fund to become “Star managers” continuous growth and long-term development of the suitable soil   A few days ago, China asset management company announcements, Wang yawei is no longer as a Fund Manager. For the “public” to leave, questioning, speculation, but more of a sorry. Wang yawei offering funds the management of more than 10 years, although controversial, but his impressive performance, is incomparable other fund managers, also, to a certain extent, investors see hope of a public fund.   According to [...]

Three quarters of the social security fund holdings financial insurance

Posted in Financial News

     After seasons and appears overweight in the third quarter of last year, signs of increased social security fund renewed bunker in the first quarter of this year. From industry-specific, financial, insurance, and food and beverages were overall good, machinery equipment industry has slightly underweight.   Following news that many fund management companies entrusted by the National Council for Social Security Fund, is redoubling its efforts to design a new portfolio of programmes, including interest, and fixed income classes.   On trade preferences, machinery and equipment had been 13 consecutive quarters to keep in the first place, but a slight drop on [...]

845 listed company near 50% pre-67 companies is the first reduction in losses

Posted in Financial News

     WIND statistics, as of May 13, 2012, 845 of the two cities listed companies announced results for the first half of 2012 notice, calculated according to the maximum change in net profit, 327 listed companies are expected to drop a net profit, although another 57 companies did not notice changes in performance, but is expected to have a loss in 42, 15 net profit decline. Overall, the 2012 performance or reduction in loss-making enterprises to reach 384, have been announcements of company 45.4%.   In the reduced performance of listed companies, listed enterprises jiakai loss in the first half of [...]

Huang Jinding vote was not “tiger balm” money to lazy people therefore

Posted in Financial News

  Lazy man financial-gold “vote” quietly the wind blows   Summary   Stock market instability, weak property market, how to get the value of assets in the hands of plagues many people. In recent years, Gold Rally due to hold value well, but because of investment operations are not familiar with, many people are still afraid to step in. And now more and more banks are after this “cake”, have been offering gold for investment and business. Reporter was informed that Zhengzhou has a number of banks, currently launched this business, a “vote” wind in the gold market. This “lazy bones” favorite investment [...]

Tan Yaling: development banks should escort for economic

Posted in Financial News

  According to economic of sound world financial under reported, 16 home shares listed Bank latest announced of a quarterly displayed procedures fee and the with gold net income per cent increases 17.27%, and deep development, and livelihood, and industrial, and CITIC, Bank of procedures fee and the with gold income increases high over 40%, has been yilai Bank single by income difference money profit of profit mode is criticized, so Bank especially joint-stock Bank began seeks transformation, vigorously development middle business, and middle business accounted for than of gradually improve, promote procedures fee and the with gold income rose, This [...]

Russia increased April before the State domestic debt of about 4.3%

Posted in Financial News

  Russia Ministry of finance published the latest statistics show that as of May 1, Russia national debt amounted to 3.697 trillion rubles (about US $ 123.3 billion), an increase earlier this year about $ 151 billion rubles (about US $ 5.03 billion), an increase of approximately 4.3%.   According to the Russian federal budget bill of 2012-2014 over the next three years the Russian Government will gradually expand the scale of national debt, by the end of 2012 Russia’s national debt will reach $ 6.33 trillion rubles (about us $ 211 billion), 2013, and 2014 respectively increased from 7.87 trillion rubles [...]

Deposit rate is expected to cut 50 basis point easing the number space is limited

Posted in Financial News

  In the 11th after a series of bleak economic data, the Central Bank announced late 12th cut deposit reserve ratio by 50 basis points.   The decision surprised the market expected, and reasonable. Monetary authorities seem to be caught in a dilemma: on the one hand to maintain growth of not less than 7.5% of policy objectives to ensure market confidence in the growth and policy; on the other hand to ensure stimulus does not repeat the mistakes of the previous years to warn against excessive easing brings bubbles and overheat. But the number of relying on regulation of the people’s [...]

Finance Watch: drop puzzle entity poor demand

Posted in Financial News

  After the lapse of 3 months, the Central Bank lowered reserve 0.5% again, this is since November last year the Bank opened “drop” after the curtain of the third reduction in reserve. Lower reserve releases monetary policy started to turn signal, but demand remains weak for entities alone the number of tools seems to be difficult to deal with, monetary policy cannot solve the structural problems.   Currently, monetary policy and in the case of last year, if the contradiction lies in the supply side of the last monetary policy (a demand without supply), so this year, monetary policy is the [...]

China cut the deposit rate for the second time during the year experts say has helped the economy rebounds

Posted in Financial News

  People’s Bank of China decided a few days ago, on May 18, 2012, reduced deposit financial institutions renminbi deposit reserve rate 0.5%. Chinese economists said in the current economic slowdown in China under the downward trend, cut deposit reserve rate would stimulate Bank lending, contribute to the economic rebound.   This is the second time this year cut deposit reserve rate, previously cut in February of this year. After this adjustment, large and small and medium-sized financial institutions in China will be performing and 20% reserve.   Growth in China’s GDP in the first quarter compared to 8.1%, 5 consecutive quarters of [...]

JPMorgan’s proprietary trading caused by huge losses of 2 billion dollars, or more stringent supervision

Posted in Financial News

  Zhongxinwang comprehensive report, May 14, United States on 10th largest bank JPMorgan Chase trading loss of 2 billion dollars, the loss event is raised or the supervisory authorities around the world to more stringent supervision of the so-called proprietary trading.   Deal $ 2 billion losses on failed bank   JPMorgan’s huge losses of 2 billion dollars a month. On May 13, for the huge losses, Fitch announced that JP Morgan credit rating reduced by the A+ call to AA-. Other agencies have also started downgraded shares of JP Morgan objective.   JPMorgan Chase’s giant loss, like a heavy bomb exploded on Wall [...]

United States sec to investigate JPMorgan’s trading losses

Posted in Financial News

  Zhongxinwang May 14, according to foreign reports, according to a person familiar with the matter said, for JPMorgan Chase (JPMorgan Chase&Co., JPM) on Thursday $ 2 billion in trading losses, United States Securities and Exchange Commission (Securities and Exchange Commission) has started to investigate.   According to these people, investigations are in the preliminary stage, not yet launched. If a listed company shares fell sharply because of unexpected losses, regulators will normally conduct a routine investigation.   According to Fox Business News Network (Fox Business Network) reported that the Securities and Exchange Commission Chairman Mary Schapiro told reporters Friday, you can determine [...]

Foreign media that JPMorgan’s huge loss stems from managers of risk aversion instructions

Posted in Financial News

  Chinese network messages of zhongxinwang, May 14, according to the Wall Street Journal, and JPMorgan Chase (JPMorgan Chase&Co., JPM) indicates that the trader can evade a few months ago the European crisis deepens risk transactions; but no, these complex transactions not only failed to reduce risk, instead of the company at the end of April to early May that time suffered huge losses of 200 million dollars a day.   According to sources, the United States and United Kingdom regulators are looking into where is out of the question, who should be responsible, whether it should be disclosed to investors sooner [...]

Foreign media reported trading losses or causes JPMorgan bonus cut in half

Posted in Financial News

  Power zhongxinwang, May 14, according to the Wall Street Journal quoted United Kingdom the independent on Sunday reported that JPMorgan Chase (JPMorgan Chase&Co., JPM) bankers are worried that, under the influence of trading scandal last week, they may be cut up to this year’s 50%. The scandal, dubbed “London whale” bankers deal failed, causing the Bank suffered losses of us $ 2 billion.   According to the newspaper, in contrast, JPMorgan spent this whole financial crisis and last year as the world’s 26,000 bankers pay bonuses to pay a total of 5.8 billion pounds, equivalent to 223,000 pounds per person.   However, [...]

14th price of RMB exchange rate: 1 USD to RMB 6.304

Posted in Financial News

  Zhongxinwang, May 14, according to the Central Bank’s official website news, May 14, 2012 Yuan central parity rate for interbank foreign exchange market: 1 $ 6.304 Yuan, 1 euro 8.1328 Yuan, 100 yen for 7.8736 Yuan, 1 Hong Kong dollar of 0.81182 Yuan, 1 pound 10.1318 Yuan, 1 Australia Yuan of RMB 6.3239 Yuan, 1 Canada Yuan of RMB 6.3065 Yuan, RMB $ 1 to 0.48770 ringgit, 1 Yuan on 4.7908 Russia rubles. (Zhongxinwang financial channel)

Japan’s Central Bank released “foreign exchange asset management amendment Bill”

Posted in Financial News

  Advance into “crisis alert” status   Japan’s Central Bank May 11 release “foreign exchange asset management amendment Bill,” said in a statement, given the recent series of international financial and capital market conditions change, the Central Bank has reviewed operational needs as well as the risk of foreign exchange reserves, Central Bank reserves management and using purpose, including international financial cooperation, Japan provides emergency liquidity supply and financial institutions to provide funding to strengthen economic growth.   According to another report, Japan’s Prime Minister Noda said in an interview on 13th, European debt crisis was a driver behind the strength of the [...]

Xiang Songzuo: banking regulation to “permissible”

Posted in Financial News

  European Union finance ministers failed to agree on how to implement the other day the Basel III reached an agreement, has aroused widespread concern and discussion. Basel III is established based on the Basel Committee on the international financial crisis of 2007-2008 in-depth summary of the lesson: first, highly leveraged operation flood. Second, insufficient bank liquidity generally, high leverage and low liquidity severely weakened banks insolvent. After the outbreak of the crisis, the Government and the Central Bank had to come to the rescue of banks, due to public outcry. Third, if the fall of the systemically important banks or [...]

Year low gold prices gold is a safe haven in New York?

Posted in Financial News

  Despite the fears of European debt crisis once again heating up, but as the haven assets of gold “gloss” is no longer, the gold price in New York on May 9, Flash disk again dipped below $ 1600 mark and hit a low for the year. Last week, the New York gold futures Trojan or 3.7%, biggest one-week drop since record this year.   Gold is one of the best performing asset since the financial crisis, its set value, consumption and speculation and other functions of the properties sought after by investors, however in the current “no haven”, and greater emphasis [...]

Important support logging on low altitude under the gold gains

Posted in Financial News

  International gold prices continuously oscillating IAM test $ 1580/ounce short of important support. Fundamentals, due to market concerns over euro-zone economic prospects deepened last week United States JPMorgan Chase raised $ 2 billion trading loss recorded in the published shares fall sharply in Europe and America, hedge funds go into the United States Treasury. At the same time, has also shown a significant slowdown in economic growth in emerging market countries, shows the current global economy is entering a difficult moment. Whether it is the policy of the central banks and enterprises are cautious. Under difficult circumstances in the real [...]

Silver cooperative limited cooperation between banks and securities, or replace “Silver love letter”

Posted in Financial News

  Brokerages began to punch in the banking market, and Bank is near. “Since silver cooperative limited, brokerage financing quickly between the collection and scale of cooperation between banks and securities is expanding. “People in the industry said, judging from the current trend, the departments concerned on cooperation to rein in silver letters and there are no signs of loosening, and the Commission continues to release securities owned pipe business investment, deregulation constraints and efforts to increase innovation, closer cooperation in the banks and brokerages may have sweet” Silver love letter “will eventually give way to” Silver Certificate in love “. [...]

Zheng sugar arbitrage in the Nick of time to buy sell opportunities

Posted in Financial News

  As always low sugar consumption has been, therefore the upcoming consumption season is limited to boost sugar prices, $ 6,850/t/a is insurmountable Jian. However, the destocking phase new poor regression requires investors to arbitrage in case the conditions are met.   Destocking phase in the year   Up is not easy to   Data displayed in public, by the end of April the national sugar production was 11.4533 million tons, because of Yunnan in squeeze production season, national sugar production exceeded 11.5 million tons is not difficult, sugar production by about the year 10%. At the same time, national cumulative sales 5.8096 million [...]

Inventory backlog cotton prices to embarrass the burdens

Posted in Financial News

  Inventory is high, is in the State reserve policy supporting free window period of Zheng cotton weak downward in the near future. Stage of cotton rose from Zheng in late April early highs falling $ 21,500 to $ 20,000 now. American cotton imports because China cotton quotas are being clear and lost support, May 10 and even from United States Department of agriculture and a large increase in inventory and create a two-year low hit a drop.   At present the problems besetting the cotton city when an inventory backlog. As far as the domestic situation, as of April 10, average [...]

Six new ministries publish live pig market regulation plans

Posted in Economy News

  To guard against pork prices rose too quickly and too much to fall   National development and Reform Commission announced yesterday, the departments concerned are now strictly in accordance with the new regulation plans for alleviating swine market prices of cyclical fluctuations (hereinafter referred to as the plan), the Organization conducted freezing pork shouchu, prevent excessive pork prices fell, maintenance of farmers interests.   According to the price of development and Reform Commission Deputy Director Zhou Wangjun introduced, after the Spring Festival this year, under the influence of cyclical fluctuation of live pig, pork prices continued to go down. On April 11, [...]

Red will clean up the money title the hospital must meet qualification

Posted in Economy News

  Recently, the Vice Chairman of the Standing Committee of the Red Cross Society of China Zhao Baige said, Red Crown that will be combined with the Ministry of health on the national hospital for concentrated cleaning, retain the naming of the hospital must meet the qualification.   At present, over a total of more than 2000 Chinese Red Cross Hospital, Red Cross and medical affairs departments at all levels in the authorized red name, qualification is not perfect enough in some hospitals, causing confusion. Now, named hospital Red Cross officials have made it clear to governance into the reform road map. [...]

State administration of taxation: compensation is lower than average 3 times times the duty free

Posted in Economy News

  Whether the economic compensation to the dismissed employees to pay a tax? High-tech enterprise income tax preferences how to identify? Encouraging industries to apply enterprise income tax concessions in the Western region?   Introduction to administration of Internal Revenue Service Tax Services Division, under the existing tax policies, due to termination of labor relations and access to disposable income, revenue in local (district city) average wage of staff and workers of less than 3 times the amount of parts of last year will be exempted from tax. Portion by paying a tax of more than. “No longer renew after expiration of [...]

Guangdong provincial bus reform programme was submitted for approval

Posted in Economy News

  Standing Committee of the provincial CPC Committee and Secretary of the provincial discipline Inspection Commission, Huang Xianyao revealed that upon approval to publish implementation   Bus reform has been a hot topic, yesterday in response to a user on the bus reform issue, Standing Committee of the provincial CPC Committee and Secretary of the provincial discipline Inspection Commission, Huang Xianyao replied, Guangdong province public service reform programme currently being submitted for approval, once approved, can be published.   Friends “take a flying flower bud” asked, “News said that the bus reform programme has also been out of Guangdong, the overall direction of [...]

Survey on household financial reporting in China: behind the high savings to income inequality

Posted in Economy News

  On May 13, University of southwestern China Research Center released a national survey on household finance and first family financial investigation report of China (hereinafter referred to as “the report”).   Report found that including, household savings in China are mainly concentrated in the higher-income families, top cent of household savings rate is 10%. Root cause is in its high savings deposit distribution of differences, the vast number of people do not lack of consumer motivation, but do not have enough income.   In terms of housing assets, family owned home ownership rate of 89.68% in China, imagination and the world of [...]

State acquisition of frozen pork preventing excessive depreciation

Posted in Economy News

  Following the 11th six ministries released this month after the regulation plans for alleviating swine market prices cyclical fluctuation, national development and Reform Commission said yesterday, was ordered on request organize frozen pork shouchu, prevent excessive pork prices fell, maintenance of farmers interests.   After the Spring Festival this year, under the influence of cyclical fluctuation of live pig, pork prices continued to go down. On April 11, showed up with an average price of $ 14.61 per kg of live pigs, pig grain prices fell below break-even point of 6:1 for the first time since last year, some local farmers [...]

Property declaration: State-owned enterprises prior to official

Posted in Economy News

  According to Chongqing in recent days, a number of State-owned enterprises in Chongqing under the leading cadres of the CPC Chongqing Municipal SASAC on 2012 reports of personal notification on the relevant issues. Notification requirements, State-owned enterprise leading cadres to report personal income, property, spouses and children of employees, such as child marriages of 14 categories. Need to report persons, municipal leadership, middle-level managers in key State-owned enterprises and the respective corporations, municipal SASAC Deputy Department level and above. In other words, Chongqing has a “State-owned enterprises better than official” priority of property declaration system.   Chongqing’s capital in recent years [...]

North heaven deep carbon trading scheme developed nearly 2000 businesses are incorporated into

Posted in Economy News

  Half the time, 7 carbon emissions trading pilot provinces and cities in China (Beijing, Tianjin, Shanghai, Chongqing, Hubei, Guangdong Province and Shenzhen City), will start a pilot transaction.   Reporter learned that, at present, this 7 pilot provinces and cities are “Racing” deployment, fast pace of Beijing, Tianjin, Shanghai, Shenzhen, the “overtook” trend (four cities referred to as “North deep”), speed Center of Guangdong Province, Chongqing municipality and Hubei province is somewhat slow.   According to “North deep” the current programme, rough statistics, intended to be included in the pilot, four trade enterprises than in the 2000 homes.   For these companies, carbon [...]

Pump 1.25 trillion the three degree drop as market liquidity

Posted in Economy News

  Credit demand Bank water canal to the real economy not   After the publication of a series of weak economic data, people’s Bank of China announced on 12th, 18th, lowered deposit financial institutions renminbi deposit reserve rate 0.5%. At present, all super 84 trillion yuan RMB deposit balance of financial institutions, market estimates, a move that would release about 420 billion yuan of liquidity.   ANZ Chief Economist for greater Ligang Liu believes that now is not entirely insufficient liquidity in the banking system of corporate loan demand, but companies fall in loan demand, lower the deposit rate to boost the real [...]

Plunge in gold prices decline last week in New York hit a year high

Posted in Financial News

  By the stronger dollar and investor concerns about the European debt crisis to suppress, along with JPMorgan Chase Bank trading loss of confidence in the market affected, leading to 11th New York prices fell again. Last week the price of gold fell by a total of 3.7%, for this year’s biggest one-week drop since.   On Friday, the gold futures market trading on the New York Mercantile Exchange June contract closed at the most active 1584 dollars per ounce, compared to the previous trading day decreased by 11.5 BN, or 0.7%.   Market analysts said that gold prices mainly affected by the [...]

High revenue commitment into a paper words million standard chartered financial losses of 50 million

Posted in Financial News

  Hard earned money to purchase Bank product, expect to achieve value-how definitive refutation of the market, “wealth appreciation” to “wealth strangulation” wipe out thousands of family wealth. For recent financial investors to buy foreign bank product loss case, experts warn, there is no risk of financial products, high yields with high risk.   Superstition foreign banks caused huge losses   A total value of about $ 100 million of bank financing products, losses, litigation has spent $ 12 million of the $ 53 million, took 3 years sth This looks like a dramatic plot is Japan Song Wenzhou experience, founder of the [...]

Monetary easing is expected to rise in bond market ushered in multiple favorable

Posted in Financial News

  Last week, both the fundamental and the money, bond market have ushered in multiple favorable. Continuous reverse repurchase of Central Bank and Treasury cash deposit tender under the funds become loose. In addition, the latest data showed economic growth was still faced with the challenge of market expectations of easing of policy, bond yields also fell.   On Friday, the latest economic data have been released. April CPI rose 3.4%, gains the month before falling slightly. CPI inflation in line with market expectations, relatively neutral effect on the bond market. Hai securities analyst Gao Yongbiao, market reaction, mainly short end in [...]

JPMorgan Chase trader 2,000,000,001 the huge losses dragged down the entire Wall Street

Posted in Financial News

  Event: JPMorgan Chase causes huge losses of 2 billion: CDS got into trouble: a tumbling United States financial stocks   ”The deal showed the huge losses of financial supervision is more necessary than ever. If you do not accept the regulatory Wall Street United States economy into a cliff, as of their 2008. ”   JPMorgan’s huge losses of 2 billion dollars a month. On May 13, for the huge losses, Fitch announced that JP Morgan credit rating reduced by the A+ call to AA-. Other agencies have also started downgraded shares of JP Morgan objective.   JPMorgan Chase’s giant loss, like a [...]

Xinhua insurance Chairman: aging for the life insurance industry to provide historical opportunities

Posted in Financial News

  He rebuke the financial investment community for nearly 30 years, transferred to the trust, leasing, securities, private equity, banking and other financial industries, said “but did not do the insurance”. Over sixty years of age, he be entrusted with a mission at a critical and difficult moment, Xinhua insurance run, and two years later led the Xinhua successfully landing a and h share market, “a wish”.   He is the incumbent, Chairman of Xinhua insurance Procyon Studio, a “more than 60 years old young man”. Today, he is still full of enthusiasm, confident, told reporters, “we have a new understanding of [...]

Different age stages of a mother how to choose insurance?

Posted in Financial News

  Yesterday was derived from ancient Greece, “mother’s day”, on the warm days in recent years, what to my dear mother to express our respect and love? Clothes? Shoe bag? Jewelry sth Life insurance experts say that China and Italy, these mothers do not lack, rather than send MOM a copy of the insurance, protection of the mother in the next days of happiness.   25-35 years old young mother, the main considerations of zhongji and accident insurance coverage. This age of mothers, has just implemented role conversion. Early motherhood, will shoulder responsibilities increase. When after the mother, many modern women to [...]

Banks dark Greece return of old currency

Posted in Financial News

  Greece 12th Cabinet efforts of the three major political parties before parliamentary elections failed, outsiders Greece might eventually leave the eurozone fears deepened. Reports that, in fact, many banks had already secretly prepare corresponding programmes to reduce Greece once the impact of using the old currency to banks.   United States risk management consulting company ICS Hartmut Mehdorn told a press conference, 2009 Greece debt crisis, banks have begun to study Greece possibility of exiting the eurozone. In fact, even in Greece after joining the euro zone, some banks from the drachma was not ruled out bank foreign exchange trading system. [...]

Central Bank’s second “drop” industry is good

Posted in Financial News

  Central Bank decided on May 18, 2012 lowered deposit financial institutions renminbi deposit reserve rate 0.5%, this is 2012 the Bank’s second “falling”, the one-time release of about 420 billion yuan of funds. Many experts are of the view that the deposit rate cut to release liquidity intentions clear, for banking, micro-enterprises and small industries were welcome news.   Stock markets are expected to be boosted   After the cut, large financial institutions deposit rate will fall from 20.5% per cent, medium and small financial institutions deposit rate was down to 16.5%., Director of the British Institute of securities Li Daxiao said, [...]

16 listed banking fees rose in the first quarter 17% development of Super 40%

Posted in Financial News

  16 a-share listed banks in recent days have been released according to a quarterly bulletin, fees and commissions, net income per cent, to 17.27%. Deep development, people’s livelihood, Societe Generale, CITIC Bank’s fee and Commission income rose by more than 40%.   Joint-stock Bank increases significantly above average. Analysts believe that this is about business structure of the Bank, joint-stock banks more emphasis on developing intermediate business.   Shenzhen securities information company limited data showed in the first quarter, 16 a-share listed banks a total net profit of 272.582 billion yuan, an increase of 19.73%. Synchronized in fees and commissions, net income [...]

JPMorgan Chase CEO recognized trading debacle “a big mistake”

Posted in Financial News

  Chinese network messages of zhongxinwang, May 14, according to the Wall Street Journal, and JPMorgan Chase (JPMorgan Chase) CEO Dimon (Jamie Dimon) says the Chief Investment Office (Chief Investment Office) shortly before the reported losses of us $ 2 billion, he thought of the sector’s risky move questioned is a storm in a teacup, but now he thinks he “get it wrong”.   On Sunday, in the United States in an interview with national television broadcast, Mr Dimon said: “just four weeks ago, we told you outright error message. ”   Before the trading debacle, Dimon was the 2008 financial crisis on [...]