Important News in Securities Market
Three Types of Funds will determine the Direction of Market Orientation
Three types of funds, funds from country, increased holdings of major shareholders in listed companies and industrial capital funds could determine the direction of market Orientation.
Great Return of Chinese Business Climate Index in Third Quarter
Bureau of Statistics released the latest results of survey that the national business climate index in the third quarter was 128.6, which reduced 8.8 and 16.1 points compared with the previous quarter and the same period last year respectively. So it is not optimistic!
Complementary Provisions from Securities Regulatory Commission
Securities Regulatory Commission established “Complementary Provisions for the Share Repurchase via Centralized Bidding Transaction by Listed Companies”, which would come into effect on October 9, 2008. Moreover, in the refinancing aspect, refinancing listed companies must meet the requirement that the cash dividends being accounting for 30% net profit ratio, while the dividend shall not be subject to the limit of sensitive period.
Huijin will invest 20 Billion USD to Agricultural Bank of China
Huijin will invest 20 billion USD to the shares of Agricultural Bank of China, so it will bring the share reform of agricultural bank into the substantive stage.
Haitong Securities will Develop Cooperative Business with Japanese Firms
Haitong Securities announced today that their company had reached a formal cooperation with Japan Chuo Mitsui Trust Holdings Co., Ltd. on basic intention on October 9, 2008; so two companies will carry out a wide range of business cooperation in asset management, trust, securities and other related business.
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