www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

BIZCHINA> Money Market
Decisive steps to shore up capital markets needed
By Zhou Yan (China Daily)
Updated: 2008-12-02 09:16

Decisive and coherent policy measures to revitalize the equity market are needed to materialize the 4 trillion yuan ($586 billion) stimulus package and also shore up China's economy, ten top economists said in a joint plea to the central government.

The hefty fall of the Chinese stock market, often seen as the barometer of the country's economic and social conditions, may lead to systematical risks in the banking and fiscal systems as well as put listed companies into a "vicious spiral", they said. Revitalization of the stock market will spur the country's domestic consumption and investment, they claimed.

Special coverage:
Coping with Financial Crisis
Related readings:
 Chinese stocks close 1.25% higher on month's first trading day
 Premier Wen seeks prompt response
 Official, experts urge gov't to launch buffer fund
 Asian stock markets gain on China stimulus plan
"We noticed the absence of effective policies to stabilize the volatile financial market in the stimulus package and hence seek more moves for this sector," said Wu Shiqiu, a professor from Renmin University of China, who is also among the ten economists.

Authorities have to activate the market within the fourth quarter itself before the companies release their annual financials, otherwise the government may have to pay a higher price to prop up the market and shore up investor confidence, they said.

The economists also suggested plans to deal with the sizable overhang of non-tradable shares. They are of the view that big shareholders, who possess 5 percent or higher stake of non-tradable stocks to set a minimum price, below which share sales should not be permitted.

But some industry insiders said that the proposal, which needs prompt system innovation on the equity market, does not appear feasible now, as the economic fundamentals are still not strong enough.

"The valuation of China's stock market has turned reasonable when the index slips under the level of 2000 points. Therefore a recovery can only come when the fundamentals ameliorate rather than via any direct stimulus policies to the market, " said Zhong Hua, an analyst at Changjiang Securities.

He explained that authorities' move might help propel short-term index advancement, but the turnaround may not come from unitary policies when the real economy is deteriorating.

"Nobody knows how much capital injection into the immature stock market will trigger the recovery. Policies like raising personal income threshold and issuing consumption coupons to the lower-income and retirees sound more feasible to stimulate domestic consumption," said Chen Xian, an economist from Shanghai Jiao Tong University.

The benchmark Shanghai Composite Index rose 1.25 percent to close at 1894.62 points yesterday, led by rally in bank and property stocks.


(For more biz stories, please visit Industries)

 

 

主站蜘蛛池模板: 久久免费手机视频 | 国产无套视频在线观看香蕉 | 女同日韩互慰互摸在线观看 | 深夜福利爽爽爽动态图 | 久久99爰这里有精品国产 | 97国产影院| 我不卡午夜 | 12一15女人a毛片 | 一区二区三区在线观看视频 | 全黄性高视频 | 国产成人深夜福利短视频99 | 亚洲巨乳自拍在线视频 | 性欧美精品 | 日韩国产在线 | 国产精品午夜性视频网站 | 免费国产不卡午夜福在线观看 | 美女扒开腿让男人桶个爽 | 九九99re在线视频精品免费 | 美女黄网站人色视频免费国产 | 国内精品久久久久久久星辰影视 | 性刺激免费视频观看在线观看 | 亚洲女视频| 九九国产在线视频 | 亚洲国产精品成人久久 | 久草社区视频 | 欧美性一区二区三区 | 日本一级全黄大片 | 国产亚洲精品成人久久网站 | 性感美女视频黄.免费网站 性高湖久久久久久久久 | 欧美影院久久 | 亚洲欧洲一区 | 在线观看免费a∨网站 | 亚洲国产成人久久三区 | 国产免费一级高清淫曰本片 | 中文字幕国产亚洲 | 久久极品视频 | 国产第一福利影院 | 国产成人yy精品1024在线 | 日韩a一级欧美一级 | 天天摸天天爽视频69视频 | 97视频在线观看免费 |