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February 8th, 2010 by level89917hBusiness Daily February 5 to listen to this year,aoc power leveling, while inflation is expected to strengthen the central bank is also working to strengthen the management of inflation expectations. China’s economy will grow this year, nine expect this year’s consumer price index will reach what level of%? Below the inflation rate, how to configure their assets in order to run faster than the Consumer Price Index? These issues have become a focus of attention of many investors. To this end, “Daily Economic News” (hereinafter referred to as the next business day) and China Merchants Bank (Quote stock Bar) Shanghai Xintiandi, Wang Yong, wealth management center, Bank of Communications (news, stock bar, general manager of interview) Research Analyst Tang Jianwei, building BOT International Investment Consulting Co., Ltd. Research Center Qie Yongzhong, an investor point of view the problem. Theme 1 What do you think inflation expectations? Next day: For the first time in November’s consumer price index rose last year, after standardization, and in December last year, 1.9%, the industry is expected in 2010, the consumer price index for the 3% ~ 5%. Do you think the current inflation expectations? In the central bank said that under the management of inflation expectations, in your opinion, how much inflation this year will reach? Inflation on the financial products will have any effect? Wang Yong: December 2009 consumer price index rose 1.9%, exceeding market expectations. China’s economy will exceed 9%, this year’s consumer price index at 3% ~ 5% of the target growth is reasonable. I think the most months of this year’s consumer price index of 2% ~ 4% of the possibility that the inflation rate in 2010, but the inflation rate is not high, investment income and more than 4% or more cautious. Tang Jianwei: From 2009 to form the second half of the current inflation expectations. In November 2009,lotro power leveling, the consumer price index reached regularization, existing data indicate that the Consumer Price Index has increased for two consecutive months. January 2010 Consumer Price Index will also be continued growth of the Chinese New Year, according to the driving force in February this year, and even push the consumer price index of 3%. But from another perspective, the current inflation rate is still relatively modest. Because the current gross domestic product growth of about 10%, such a high economic growth, can withstand a 3% consumer price index. QIE Yongzhong: On January 21 macroeconomic data released in 2009, my observations, in addition to the overall macro-economic recovery than expected, the price index of the rapid rise of concern. In December 2009 consumer price index for market growth is mainly expected to be 1.2% this year, ~ 1.6%, while the actual was 1.9%, to nearly one third of the food price index basket of the third, is to spend the rise of more than 5%. Ring than the current rise in the consumer price index track, even more than the summer of 2007 was even steeper, in this century than in the first 10 years in Central national housing price index rose only 0.5% of today’s growing and then 3 times. In addition, the producer price index for the same. Although the producer price index last year, positive growth only in December, but in April the chain has been positive. From the money supply, money supply M1 and M2 given in November 2009 reached the highest level in history, despite the recent decline in December, but in January 2010 could lead to excessive credit growth, money supply M1 and M2, another record high . Since 2009, the rapid economic recovery, as well as the articulation of concerns about inflation in the early 2010 release is awash in liquidity, in 2009, consumer price index and producer price index for the end of regularization, and a great recovery speed and economy within the progressive realization of endogenous growth, consumer price index is greater than the factors that Alice America rebounded in 2008. In the first quarter consumer price index, producer price index is likely to continue to gradually rise,world of warcraft power leveling, especially in the February 2 pick-up rate is expected to be relatively large, the consumer price index is likely to rise to nearly 3%, while the producer price index, consumer price index of annual growth rate of more than years of growth. Thus, in the first quarter of this year, consumer price inflation is likely to be relatively clear. Theme 2: What assets could be the fight against inflation? Next day: inflation will shrink the value of assets held by investors. For investors, the assets will be better able to withstand the threat of inflation? Investors how to configure their own assets, in order to prevent inflation? Wang Yong: This year is expected to moderate inflation, the assets is unlikely to shrink significantly, as long as a reasonable asset allocation, investment diversification implementation will still be able to obtain a better return on the excess. The fight against inflation, first proposed by the high-end properties a good choice for many. China’s demographic dividend, urban construction, the next 3 ~ 5 years to restore a large number of returns, as well as along the coast the further development of an international city, will contribute to the high-end properties appreciated. Second, the holders of gold will be very likely to be a good way to preserve and increase the value. As the U.S. fiscal deficit, the dollar depreciation trend will continue, investors, assets, particularly large customers, the allocation should focus on the wealth of gold taken into account, there are some customers experience in stock investment, you can also actively participate in the stock market investments, in line with national This year’s industrial restructuring and investment in key industries to explore the depression, the potential value of the shares; while the stock did not have time customers can purchase the fund, it is recommended to buy big decline, rose for sale. I believe that the personal financial assets, the larger customers to avoid investment risk through diversification, for example, you can configure a private equity investment in the number of products, these products of absolute return funds is higher than the relative interests of the public offering. Tang Jianwei: From the first half of last year, gold, commodities have a big rebound. At present, the assembly is expected to digest the previous part of the market is expected to have some changes. To withdraw the policy stimulus, which may lead to liquidity pressures. Inflation expectations, the upstream industry, in particular, is the foundation, resources, and monopoly industry will benefit the middle and downstream industries will bear the impact of rising costs. Specific investment product, gold can maintain and enhance the value-added features, real estate inflation is possible in some cases increasing the value, value-added features, cause for concern. In short, investors do not put a basket of eggs. QIE Yongzhong: Now take the initiative to invest the time has come, but too much investment in the growth of final demand in the enthusiasm, coupled with market liquidity, especially consumer demand, the ever-increasing cases, will further push up prices, thus increasing inflationary pressures . In the inflation expectations, I think investors in financial management and rational allocation of resources to invest to fight price index. Channels for domestic investment banks are increasingly diverse, stocks, funds, gold, works of art more. In my observation, the next one or two years, China’s economic recovery will be a lot of difficulties and twists and turns through the twists and turns serious, yet dynamic performance of the stock market will continue to be standardized, and in the volatile market opportunities, therefore, have to rely on the strategic upper hand in the right direction understanding of investments, asset allocation and industrial control wheel rhythm. Topic 3 How to run faster than the Consumer Price Index? Next day: specific to the bank’s financial products, financial products, investors how to select, configure, can run faster than the Consumer Price Index? Wang Yong: This year, for most customers, the investment should be much larger than last year’s difficulties, particularly in the banking and financial product selection. At present, the short-term financial products, first-class income is higher than bank deposit interest rates over the same period the bank introduced a short time, liquidity, interest rates may be encountered in the timely replacement of high-yield products. But for more of a customer’s personal financial assets, in addition to a strong investment flows, short-term bank financial products, but also to invest in gold funds or business, it is recommended to take the Fund will vote in order to prevent the buying market has experienced a substantial adjustment belt to risk. In addition, banks sold a number of branches of dividend-based insurance, dividend income to repay debt and to obtain insurance products expire, because of funding for infrastructure construction projects, bonds and deposits, including protocol, mainly including bank deposits, therefore, the risk is small,aion power leveling, in access to capital preservation and stable income, but also received insurance coverage from one investment style is suitable to achieve a more stable customer base. For very hot and structured products in 2007, since 2008, the global financial crisis, a global stock market crash, so most of the loss is relatively large. Finance and investment, this year’s financial products, the risk of fluctuations in income should be larger, while the structured fixed-income products will be more popular. Infrastructure products and 6% decline in revenue in the current rate of return can not be regarded as particularly high. It is worth mentioning that in 2008 stock market crash, a number of private equity products, performance is better. Market volatility this year’s transactions, such as more flexible products, private equity investments, but the position of the stock market will bring high returns no minimum limit. QIE Yongzhong: I think some of the recommendations to investors, a number of different investment channels. I think this year’s stock for long-term long-term holders. On the one hand, the financial crisis, China’s economy has been showing signs of reversal of the V; the other hand, stock index futures and margin trading business will help the stock market launch of the long-term healthy development. Thus, by a long-term blue-chip company has a broad market, investors certainty beyond the consumer price index target. In addition, the configuration of the necessary funds. Currently on the market is relatively stable monetary fund and the main varieties of bond funds, public finance. On the point of view, the mature markets, the stock funds are on inflation and long-term, effective tool. In the stock and bond market investors, in the short-term profit goals, in order to achieve participation, in order to avoid, capital can be divided into money market funds, the risk of conversion. Personally, I think, banking and financial products relatively more powerful ability of the consumer price index. At present, the bank’s financial products, to subscribe for new shares of the products, trust products more stable income, while in the Fund’s investments, gold, foreign exchange and other financial products have a higher chance. In general, playing new products and trust products are better protected. However, the need to be reminded that, in the banks to purchase financial products, investors should be according to their degree of risk preference, select the investment objectives of different products, must pay attention to the product period, I think 6 months to a one-year short-term investment products appropriate. Gold can be said to increase the value of the assets of choice. Gold investment should be noted that: First, choose the appropriate way to hold gold. With regard to the current gold investment channels, the market generally three types: paper gold, physical gold and gold margin trading. Short-term profits for investors can buy paper gold, it is necessary to maintain and improve the investor should choose to invest in physical gold, investors, risk control awareness, better gold margin trading. Investors need to note that gold prices have hovered at record highs, its asset bubble, more and more of the major investment should be chosen at the appropriate moment. Finally, I would like to suggest, if there is interest to increase the reserve to collect a matter of fact,runescape power leveling, not just art collection. At present, there are many domestic investors, such as the art collection of scarce goods, precious jewelry, as a hedge against inflation, value-added investment behavior. As the collection has been very limited, the market value of the unique nature, tend to make it at an alarming rate. To Maotai, for example, 30 years ago, Mao-tai is 8 yuan a bottle, and now 30 years of Moutai aging can be sold, or even a few hundred million years, so the collection of investment appreciation potential is obvious. (This article Source: Economic Daily News Author: HU Jun-Hua Malcolm out internship)
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