China Financial News Headlines

October 14, 2008

Fluctuate From Stock

Filed under: financial news — Tags: , , , — kinpoo @ 11:40 pm -0500

It needs more actions to save the market
Following up last night after both trends of Europe and the United States’ adjustments in the , the A shares in trading yesterday after diving, continued to fall today, again below the 2000 point of integer. And the is in a condition of tumble without stops, so investors have no confidence with the fall into cold hole.

Domestic futures market appeared a short-lived rebound
(Reporter Liu Yang):affected by the United States to upgrade the stock and the sharp rebound of crude oil, the domestic happened a large rebound. Dalian soybean, soybean meal, soybean oil, palm oil futures closed at one time were trading, but subsequently fell back, unable to shut trading.

Multi-Game & 2000 points into the central stage of shock
A Straddle for shares remains very intense.Given the recent trend, the basic point in 2000 became the center stage of shock, and 1800 points at the bottom, no effective breakthrough of 2300 points at the top. From the invisible hand of the performance point of view it is the fact. When the fell out of hand when in 2000 and the started up right away to retreat, even if the emergence of a huge rebound in Europe and the United States does not change the A shares fell.

The volatile range of A-stock can be sensible and understanding
U.S. stocks continue to fluctuate around the periphery of the trend. The U.S. stock shaked widely down last night, which led the index of the overall around today fell. A shares yesterday at the “Hutch”, part of the financial stocks, particularly brokerage plate as a whole under the influence of short, the stock index is “a crane standing among chickens” and “independence of their evil,” so the trend is difficult to understand.

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Influence from Financial Crisis and Measure to Rescue the Market

Filed under: financial news — Tags: , , , , , — Nancy @ 7:04 pm -0500

Leaders from 38 Countries will go to Beijing, Seeking an Antidote for Global Financial Crisis
Chinese Assistant Foreign Minister Liu Jieyi said on Oct.14, from Oct.24 to Oct.25, Beijing will hold the seventh Asia-Europe Summit (meeting). Now there are 38 leaders from foreign countries having confirmed to attend this conference, which is the highest attendance rate firstly and another important international event held by China after the Olympic Games.

Bush Announced the Specific Measures to rescue the Market
On October 14, U.S. President George W. made a speech in Washington, the White House. said they would launch specific measures to rescue the , including buying banking shares.
700 Billion USD as one of measure to rescue the , the United States will use 250 billion USD to directly purchase banking shares so as to restore the stability in financial markets.

Whether EU summit will put out joint rescue the market become the suspense
Leaders from 27 countries of European Union will hold summit meeting in Brussels from Oct.15 to Oct.16. It has been revealed, in the face of the continuing turmoil in financial markets, the EU leaders at the summit will seek a joint strategy to deal with financial crises.

Financial Crisis makes Property of Russian Magnates Shrink
Russian media on October 12 revealed that from May to now, Russian stock value has shrunk by 62%. This makes property of Russian plutocrats greatly reduced.

Russian Ministry of Economic Development: Financial Crisis has no Influence on Russia-China trade growth
Russian Economic Development Minister thinks that, despite the in the world, the between Russia and China have maintained a growing trend.

Data in Chinese Domestic

Chinese National Foreign Exchange Reserves until the End of September
Until the end of September, our national were 1905.6 billion USD, which increased nearly 33% compared with the same period last month.

1 Million Access Threshold on Financing and Securities
Most of the brokerages have established the access threshold into 1 million yuan capital and over one year and a half period of opening accounts for customers participating in financing and securities business.

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Precious Oil

Filed under: financial news — Tags: , , , — kinpoo @ 9:08 am -0500

The Russian Government has pledged to provide 9 billion Dollars to the Four Major Oil and Gas Companies
The Russian Government has reponded to the request to provide loan funds and repayment for the four major oil and gas companies. Thereinto 4.2 billion dollars of the total funds belong to the Russian oil company.

Chairman of the World Oil Council: the reasonable Prices of Oil should between 80-100 U.S. Dollars
At 2008 China International Energy forum meeting with reporters held today, the World Petroleum Council Chairman Ferguson said that, the international oil price should between 80-100 dollars per barrel. 

Non-State-Owned Oil Imports expand of 15% Next Year
Expert Analysis: the private-owned oil sources problem is still no real progress. Yesterday it is announced the oil input tolerance of non-state-owned enterprises allowed to 22 million tons, increasing nearly 15% compared to the permitted amount of this year.

other news:

United Nations: It is extremely urgent to reform the international Monetary and Financial System
Sha Zukang, the director of the United Nations economic and social affairs under-secretary, pointed out that on 13th, putting the U.S. dollars as the world’s main reserve currency and controlling the  national financial institutions by the developed countries, is the important reason causing the global financial imbalances.

Australia announced put 10.4 billion Australian Dollars to stimulate the Economy
In response to the global , Australian Prime Minister Kevin Rudd and the Finance Minister Swan announced the programs to stimulate the which is totally more than 10.4 billion.

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