The third quarter net redemption fund of 87.9 billion debt base net redemption ratio more than 25%

⊙ reporter WuXiaoJing
In the bond market under the background of continuous adjustment, the first half of "unlimited scenery" bond funds in the third quarter suffered a large proportion redemption, and index funds are weak market "unexpected" to be the only one get net purchase fund variety.
Day phase statistics show that 68 fund company's 1090 open-end funds in the third quarter encounter net redemption of 87.887 billion, net redemption ratio reached 3.29%, its total share by 2 quarter of 2.68 trillion dropped to the third quarter of 2.59 trillion.
Debt base net redemption rate of 25.13%
In the bond supply pressure and market funds under double pressures of tight balance, bond market appeared in the third quarter for a quarter of the adjustment. The third quarter with bond market appear adjustment, bond fund "scenery is no longer", bond fund encounter large proportion redemption, investors profits mentality highlights.
Day phase statistical data display, no matter from net redemption dose or net redemption scale, the third quarter bond funds are encountering "hit". In just a quarter inside, bond fund encountered 76.679 billion a net redemption, net redemption ratio reaches as high as 25.13%, the bond fund total share by 2 quarter of 305.15 billion dropped to 3 quarter of 228.508 billion.
Will net redemption ratio larger bond fund is concerned, 25 during only debt base share encountered "ks", net redemption ratio over 50%, among them, 8 only debt base net redemption ratio more than 80%, and the net redemption proportion biggest a debt base even reached 93.93%.
In the fixed income products, in addition to debt base encounter redemption outside, the second quarter by investors favor monetary fund, the third quarter also suffered a small net redemption, 3 quarter monetary fund net redemption of 777 million, accounting for more than 0.22%, as at the end of the third quarter, monetary fund share of 360.15 billion by falling slightly to 359.374 billion a.
Weak market index funds won net purchase
Although boomed in the third quarter show almost all the way down trend, and hit a new low of 1999.48, but the index fund is in such a weak market under, "contrarian" won the net explain buy, be obtained only the third quarter net purchase fund variety.
Day phase statistics data show that the third quarter index funds won the 12.265 billion's share of the net explain buy, net purchase ratio reached 3.24%, the share by the end of the second quarter of 384.107 billion "inverse city" rise to 390.46 billion copies.
Specifically speaking, only 138 index fund, there are 42 only get net explain buy, accounting for nearly thirty percent ratio. It is notable that part of the hierarchical funds and ETF index fund investors by the special favour. Among them, the citic prudential 500 classification fund net purchase ratio over 119.74%, fine fruit 300 etf net purchase ratio reached 59.91%, Yin resources net purchase ratio is more than 50%.
In addition to index funds outside, the rest of the rights and interests kind fund variety are encounter different levels of net redemption, among them, the active investment stock fund net redemption smaller, only net redemption of 7.814 billion, net redemption ratio is 0.88%, the share by the beginning of 888.795 billion dropped to 879.874 billion copies.
Is mixed type fund is concerned, also encounter small net redemption, its share of 652.363 billion by dropped to 641.741 billion copies, encounter net redemption of 10.638 billion, net redemption ratio for 1.63% of she.
QDII fund although in the first three quarters performance good, but investors in the mentality of profits, net redemption ratio also have looked up. Its share by 2 quarter of 90.14 billion dropped to 85.896 billion copies, net redemption of 4.245 billion, net redemption ratio is 4.71%.
Fund companies, "ransom have had the bigger differentiation, among them, bo, citic prudential and the south fund company such as the third quarter are received more than 4 billion net explain buy, however, also have three large fund company with the third quarter net redemption of over yuan.


> related topics:
2012 fund three quarterly report

The third quarter 75 billion fund deficit sharply reduce the cycle stock

The securities times reporter ZhuJingFeng 68 fund company's fund third quarter report released today after all. By the stock market and bond market both adjustment effect, the fund third quarter overall loss of nearly 75 billion yuan, since this year the overall profit shrunk substantially. In the economic decline continuously under the background of the third quarter fund for mechanical equipment, financial real estate and so on traditional cycle greatly to reduce their holdings of shares, such as biological medicine plate is increasing emphasis.
According to the days of good to fund quarterly report statistics, all kinds of fund total losses in the third quarter of 74.974 billion yuan, including stock type, mixed type, bond type and break-even fund loss 57.213 billion yuan respectively, 24.001 billion yuan, 1.16 billion yuan and 155 million yuan. The overseas market in the third quarter performance grab an eye, qualified domestic institutional investors (QDII) fund obtain 3.511 billion yuan profit, money market fund earnings remain stable, the third quarter earn a total of 4.043 billion yuan. According to statistics, in the first half of this year all kinds of fund total profit of 99.756 billion yuan, after the third quarter loss, the fund overall profit shrunk dramatically to only 24.782 billion yuan.
Third quarter fund present the net redemption situation, all kinds of fund of 87.8 billion total to appear net redemption, net redemption rate of 3.29%, among them by short-term financial debt base with huge redemption influence, bond fund share shrink 76.6 billion copies, shrink range reaches 25%. Only the index fund appear of 12.2 billion net purchase.
As the market fell and partial shares fund positions appear sharply. According to statistics, including stock type, mixed type and enclosed fund, the partial shares fund position three season for 76.93%, chain fell by 2.74%. Fund in the third quarter increase shareholding restructuring efforts, to sany (micro Po) (9.16, 0.26, 2.76%), China merchants bank (10.28, 0.09, 0.87%), Shanghai pudong development bank (7.46, 0.07, 0.93%), ltd.gemdale corporation (5.02, 0.17, 3.28%) and zoomlion (8.45, 0.33, 3.76%), and other machinery, finance, real estate plate stocks sharply reduced the, the Shanghai household (50.19, 0.11, 0.22%), dahua shares (42.54, 0.15, 0.35%), and other stocks most obvious increasing.
Looking the fourth quarter, most of the fund still remain cautious attitude. Fine fruit fund assistant to the general manager ShaoJian think that, if continued to the current relevant economic and capital market policy orientation, the next stage a-share market may still lack of significant systematic opportunity. In the economic level, the economic growth can be hard to significant picks up, meanwhile, inflation may be in the fourth quarter to rise, and the next year to continue to restrict the policy formation. In the fourth quarter, the forthcoming eighteen big concern, such as can come about investors widely expected policy or program, is expected to bring capital market gradual market. At the international level, need to focus on the fourth quarter financial cliff progress. In such a background, the future will continue to maintain sustained growth of the investment strategy is given priority to, the configuration through cycle industry, at the same time will continue to track the eighteenth big policy orientation and strive to adjust strategies.


> related topics:
2012 fund three quarterly report

Fund three quarterly report: partial defense drop location guizhou maotai now differences

Fund shareholding proportion of outstanding shares increase more than 10% of the stock has 11 only, in turn, respectively is GuangLian reach (17.89, 0.04, 0.22%), kang edge pharmaceutical (20.91, 0.30, 1.46%), the hundred pharmaceutical (19.98, 0.00, 0.00%), and made - precision (30.20, 0.20, 0.67%), Chinese medicine is consistent (32.03, 0.32, 1.01%), the letter quality motor (21.00, 0.56, 2.60%), China resources san-jiu (22.25, 0.20, 0.89%), dahua shares (42.54, 0.15, 0.35%), DBN's undertaking, worth (20.88, 0.52, 2.43%), sea cisco (30.00, 0.30, 1.01%) and HuaLu (30.350, 0.55, 1.78%)
LiuTian
At present 68 fund company 's fund third quarter report has been released all finished.
Third quarter due to the stock market, bond market both adjustment, fund Third quarter overall loss of nearly 75 billion yuan. With the fall of the stock market, the fund positions have fallen, defensive industry be favorred.
Reduce stock positions
The third quarter, The Shanghai composite index (2066.209, 35.37, 1.68%) fell 6.26%, The third quarter of fiscal fund theme also have become "loss". Meanwhile, The fund has also changed The continuous three quarters and warehouse action to reduce positions. An in The industry configuration, medicine and food and beverage, etc big spending defense industry still favor by The fund.
In the stock market In the process of falling, the fund obviously taken to reduce positions avoid risk strategy. According to the three quarterly report data, active management of stock fund positions from the end of the second quarter to 83.48%; Mixed type fund positions also reduced from 73.02% to 69.87%, Meanwhile, stock fund and Mixed type fund have increased the proportion of bond, active management stock fund increased from 3.58% to 3.97%, Mixed type fund increased from 14.66% to 16.30%.
From the industry configuration scale, the third quarter fund allocation of the high

Fund three quarterly report: the Chinese still to lead YiFangDa before missing three treasures seat

Prior period review: the former public offering "elder brother" WangYaWei back on the streets aim at the third copy the bottom?

The third quarter loss 75 billion fund scale growth approaching 2.5 trillion
Abstract: by 26, 68 fund company's 1175 fund (hierarchical funds combined calculation, A/B/C separate statistics, including connection fund) three quarterly report disclosure finished. Good day of statistics data show that the third quarter in the stock market and bond market callback falling under the action of common, each company's fund current profit, add up to a negative value, total loss 74.974 billion yuan. According to relevant data calculation, at the end of the third quarter, 70 fund company's public offering fund asset management scale increased to 2.467424 trillion yuan (including connection fund).
Small make up comment on: fund three quarterly report also in succession in disclosure, overall, stock fund overall losses. The segmentation type, the third quarter of fiscal "star" is still a bond fund. Data show that by the end of the third quarter, debt base scale has reached 358.757 billion yuan, a medium-term an increase of 69.724 billion yuan, and the end of last year compared to 162.399 billion yuan scale, has doubled. The fastest growth is financing debt base, what is worth mentioning, the third quarter monetary fund scale appear small shrink, in the first half of a decrease of 778 million yuan to 359.374 billion yuan, and the stock fund and mixed type fund scale both down, each a decrease of 63.811 billion yuan and 27.359 billion yuan.
Huge losses + redemption YiFangDa fund (micro Po) the company slipped into "old four"

Abstract: with the fund industry three quarterly report gradually disclosure, fund industry in the third quarter of the overall business circumstance also surface. Wind information statistics show that YiFangDa fund asset scale in the

Fund three quarterly report: 429 fund loss 26.909 billion yuan

s

Although in the premise of losses, many fund appeared net redemption, but there are still many performance excellent fund to realize the share of the purchase. In the published quarterly report of fund company, there are 10 realize share net explain buy, but overall there are still 18.48 billion a net redemption
The third quarter a sharp drop in the stock market, the fund three quarterly report to loss is given priority to inscription, not surprising. As of October 25,, A total of 429 fund (A/B/C calculated separately, hierarchical funds combined calculation) published three quarterly report, total loss 26.909 billion yuan, and the second quarter earnings these funds 19.809 billion yuan; Net asset value amount to 769.463 billion yuan, and at the end of the second quarter 780.809 billion yuan 11.346 billion yuan than shrink, shrink range reaches 1.45%. As for the fourth quarter investment prospects, from performance report disclosed the look of content, the fund manager for the market outlook generally is not optimistic.
But it is worth noting that the third quarter have 10 fund company realize share net explain buy, especially some performance good small and medium-sized firms are also poor third quarter achieved net explain buy, it serves to show market "undercurrent" surging.
Loss has become a habit
Net redemption into a warm current
Although in the premise of losses, many fund appeared net redemption, but there are still many performance excellent fund to realize the share of the purchase. In the published quarterly report of fund company, there are 10 realize share net explain buy, but overall there are still 18.48 billion a net redemption. That investors in the macro economic downturn of funds in the stock market the profitability of the entities concerns. However, some performance good small and medium-sized companies in the third quarter of the purchase. Citic prudential fund such as compared to the second quarter net purchase rate is 28.90%, this is mainly comes from citic prudential select growth share in September increase of about 3.9 billion, including the fund 2012 annual first turn share dividends. "11" long holiday, PuYinAn cheng monetary B by investors chase after hold in both hands. According to statistics, the fund share in September increase nearly 650 million, also makes PuYinAn cheng fund (micro Po) in the third quarter the company overall net purchase rate reached 15.16%. Zhejiang shang peace AnDaHua two companies scale relatively small, investors to redeem the overall stock share larger impact. The third quarter have two companies' net redemption rate in more than 15%.
In addition, as the first three quarters of this year's championship, upthrow emerging power by capital chase after hold in both hands, the third quarter net purchase of 209 million copies, share increased by 78.16%. In addition, the first three quarters of equity funds in the performance ranking the third, fifth central new driving force and xinhua industry cycle wheel dynamic share growth also impressive, and for net purchase ratio up to 49.34% and 60.41% respectively. Since this year partial shares fund sales anomaly difficult situation, these funds depend on "grab an eye" performance gain share growth.
Good buy fund statistics show that in configuration, the third quarter of the fund stock investment value more than the highest three industry in turn is financial insurance, food and beverage and mechanical equipment, accounting for more than 14.20%, 12.31% and 11.15% respectively. From the industry configuration can see, medical biology, food and beverage, etc big consumer plate investment than growth are relatively obvious, the show fund in the macro economic slowdown big background, improve the defensive plates asset allocation. In addition, in China's economy in the process of transformation, the electronic industry showed a certain leading role, since this year like dahua shares (42.54, 0.15, 0.35%), AnJie technology leading enterprises increase as the key configuration electronic plate fund brought the big income.
Pessimistic gradually into a kind of destiny
Eighteen big into industry beacon
The third quarter performance misery, the fourth quarter can have a transfer? From the current three quarterly report disclosure condition looks, fund managers for the market outlook is not optimistic. Reporters through many fund quarterly report, pessimistic atmosphere thick, "the market difficult to have big system opportunities and stock market lack of rising opportunity" and so on the words appear frequently.
Dacheng fund manager core double power in three quarterly report, said the outlook in the fourth quarter, the economy is still in the early stage to capacity, in the long term (3 to 5 years) economic fundamentals look, the present economic big probability won't appear to a larger extent of "V" type fluctuation, in production stage, the economic fluctuation mainly inventory cycle brings small-scope fluctuation is given priority to. The current economic may have the bottom of the cycle into the small area, but the strength of the recovery is weak, based on the judgment, the market trend are hard to show a big market.
"On the one hand, through sustained economic data and policy expected correction, the market expectation has fallen to a low level, valuations have strong attraction, more and more industry capital began to increasing or buy back shares; on the other hand, infrastructure investment began to appear restorative rise, real estate to the progress of inventory is good, developers take to start and the enthusiasm of the recovery, and at the same time, the American economy is going well, the debt crisis stabilises also helps to export turn good, cyclical negative factors to begin to turn positive. But it is undeniable that China's economic structural problem is still outstanding, in view of the real estate prices rebound, monetary policy may also will continue to lag, and long-term economic growth momentum is not clear, the stock market is still lack of systematic rising opportunity." Po concentration when the fund manager in the quarterly report also is "low key".
Oriental strategy growth stock fund managers YuXinZe have expressed optimism. He thought, "the fourth quarter is expected to China's economy went out of whack". At present, China's investment and consumption are steady growth, the domestic demand potential is tremendous. Effect of China's economic growth is mainly export. The debt crisis relief will effectively improve overseas consumption, so as to stimulate China's export. In this case, the enterprise complement inventory behavior of ascending to economic growth. The economy stabilises combined with market's overall undervalued, will help the capital market performance.
Long filled with DE fund managers are more concerned about future strategy, they believe that in the future a quarter, need to balance "economic when exploratory bottom and domestic steady growth policy when essence push" this one contradiction, the short term need more actively balance policy and economic, pay close attention to the fourth quarter eighteen big meeting of the banking industry and the rate of growth of long-term and medium-term loans; policy

The alternative investment fund private gradually into mass games

ZhuXiYan ZhaoJuan
On November 1, first, second level market barriers will be further demolition. The Securities regulatory commission issued revised the fund management company specific customer asset management business pilot method "(hereinafter referred to as the" measures ") will be promulgated in this. Public offering fund will be for the first time allowed into equities, bonds, and other alternative assets investment fields.
To this, public offering funds have different reactions. The reporter understands, some fund companies are preparing to only door was established subsidiary company, equipped with personnel, to enter the private equity market. However, some other fund company's attitude was not clear even cold. "The new capital, organization approach, is expected to stimulate the current low operation of the private equity market once again active. At the same time, because public offering fund to join will also let the private equity market to more popular market. A private equity would say.
Public offering for
"Method" article 9 points out, "asset management plan assets invested in not through the stock exchange transfer of shares, bonds and other property rights". At the same time provisions called it "a particular asset management plan called special asset management plan", and requirements, the fund management company shall set up a special subsidiary, the setting up of specific plans to launch special asset management business.
This is the public offering fund for the first time allowed into equities, bonds, and other alternative assets investment fields, and in the need to recapitalise scale, the need to recapitalise process, regulatory filing, etc all have certain breakthrough, or for private equity need to recapitalise the development of the market to provide a new road.
An recently in a Shanghai fund 's party, each of the methods GuGong offerings for the enthusiasm is not the Sam

Fund favour high growth stocks

-
Along with the economic to inventory cycle phases end, based on the fourth quarter may fill inventory and base effect, the domestic economic third quarter sole, four quarter mild rebound gradually become the market consensus. Part of the funds think that fourth quarter macro economy will reason or bottom wandering, a - share market to maintain shock trend. In the investment strategy, performance stable growth and high growth stocks suffer the favor.
Four quarter or stabilises picks up
Fund think the economy is in the bottom stage, is expected to fourth quarter GDP will likely stabilises even modest recovery, but the a share market is still difficult to appear trend opportunities, or trade sideways.
HuaAn fund (micro Po) deputy general manager and chief investment officer ShangZhiMin think, from the current domestic economic situation look, though still in a downward adjustment in the process, but the existing signs of stabilising, the market is expected to remain concussion uplink. Cinda Australia silver thinks, from the fundamentals perspective, currency data, export data, price data display the current economy stabilises appear the symptom; From the currency credit side, social financing total scale growth, showing the economy stabilises receive money support; From the demand level, due to the overseas market demand downturn, domestic demand and consumption demand is still inadequate, enterprise investment demand decline, the domestic economy will be built to maintain the end of time; From the market level, enter since October, some the market fall has many, in the dimensional stability expectation and economic rebound is expected to promote, the A shares in the round of the bounce of the good time window.
The south fund YangDeLong (micro Po), says that The whole, China 's economy is in rapid decline stage is over, economic growth began to sole, but growth rebound is still difficult to see that The fourth quarter growth remain at

Fund control plate 48 stocks around the third quarter information technology enterprise

Every reporter li na by
Just the disclosure of the fund three quarterly report shows that in the past to the third quarter, the public offering fund although still keen to drink to take medicine, but before the difference is that the third quarter fund to information technology, petroleum chemical industry and electronics plate taken significant increasing action. Donghua software (16.35, 0.21, 1.27%), Shanghai chemical (50.19, 0.11, 0.22%), the hundred pharmaceutical (19.98, 0.00, 0.00%), and a number of listed companies have got the favour of fund.
Straight flush (13.730, 0.39, 2.76%) data show that by the end of the third quarter, public offering the fund heavy warehouse the number of listed companies reached 832 only, the second quarter of 823 stocks held only haven 't changed much. And fund control plate (fund shares of the stock proportion of the total outstanding shares more than 20%) of stocks over the same period the number from 44 only up to 48 only.
Fund "excavation" technology stocks
At the end of the second quarter fund abandon cycle stock to defense, judge stable growth of food and pharmaceutical shares is fund in the secondary market to buy sharply. And long silence of the real estate shares and earnings growth relatively certain stocks, all be fund be included in the investment list.
The third quarter, The Shanghai and shenzhen stock market continued The downturn, The Shanghai index fell below 2000 points. Although recently The macro data in some people seem to have The see bottom signs and but in The eyes of people more institutions, The economy stabilises obviously still need more evidence.
In such background, the fund disclosed three quarterly report shows that funds are not giving up configuration pharmaceutical shares. Good day of statistical data display, the fund In the third quarter mainly around the medical biological industry, increasing rate of 1.37%, By

China and the United States hold the fourth asia-pacific affairs consultation maintain close communication between

 the two countries

China on October 25, - the foreign ministry's website reported that on October 23, 2012, the fourth asia-pacific affairs consultation between China and the United States in the United States held in San Francisco. Chinese vice foreign minister cui tiankai and U.S. assistant secretary of state Campbell co-host.
The relations between China and the United States and the asia-pacific region situation, China and the United States on the interaction, how to further promote regional cooperation and exchange views, etc. The two sides vow to make efforts together to promote next month at the east Asia summit achieve success.
Both sides agree that China and the United States the asia-pacific affairs consultation mechanism is very good, should continue to make good use of this mechanism, the asia-pacific region significant problems keep close communication and coordination.

Negotiations between China and the United States automobile double anti failure WTO will establish expert group

- reporter LinJin elm
Morning news yesterday, the world trade organization has announced the creation of expert group, will judge United States v. China in view of the partial is originated in the United States of the implementation of the automobile products anti-dumping, countervailing measures case, this means that the discussions between the two sides have failed, "double reverse" case will enter a new stage, the panel will make a decision to dispute.
In yesterday's dispute settlement body routine meeting, the United States said China for American car development "double reverse" survey existence "program and virtual defect", in violation of the relevant wto rules; China says dispute for the product involved exist dumping and subsidies, for China's domestic industry caused damage, China to take the measures of the accord with the wto rules.
China's commerce ministry announced in December 2011, because of us exports to China part of the existing car dumping and subsidy behavior, decided to originating in the United States more than 2.5 liters of displacement in imported cars and sport utility vehicle anti-dumping and countervailing duties, the implementation period 2 years, since 15 December 2011 play a dec. 14, 2013 to stop. On July 5, 2012, the United States offer China put forward request for consultations, Both sides then failed to agree discussions.
From the end of last year start, from the United States is one of the large number of facing the "double reverse" tax. According to the "double back" of the relevant requirements, in addition to gm and Chrysler the two beautiful system enterprise outside, still include in the United States and part production imported to China's system, Japan series brand, including BMW and Mercedes, and Honda brand its acura are included in the scope of collection. As we have learned, the world trade organization (wto) is the "double reverse" measures to survey. "Double reverse" soon after the tax collection, hope to open the Chinese market by means of one of all Chrysler had to rise in price, Jeep wrangler, Jeep grand Cherokee rose are two to thirty thousand yuan. Beauty is in the car the other one well-known Cadillac price also appeared prices.

Cofco futures: after a long holiday zheng cotton first after suppression Yang lack of staying power

Cofco futures scarlett
Market trend review
11 after the holidays, the domestic cotton spot prices remained stable small rising trend, mainly by the domestic collection and storage support. By last Friday, CCindex328 index 11 were rising after 21 yuan/ton, or 0.11%.
Zheng cotton futures rose by outside dish driving, more modest. By last Friday, zheng cotton futures main contract settlement price increase 265 yuan/ton, or 1.36%.
International cotton (19585,10.00, 0.05%) comprehensive quotation and external cotton China main port by outside dish futures price rose driven, and fell before the trend to rise. CotLookA index rose 5.57%, and FCIndex M index rose 2.95%.
ICE period cotton rise considerably, after eleven last Friday by a total of 7.11% rise. International news says because of the latest week American cotton export weekly data is very optimistic about the good news of the hype.
Before because of the cotton spot price by ICE period of cotton stimulation also rise considerably, and the domestic MianJia remains modest rise, so MianJia difference inside and outside narrowed, down 379 yuan/ton, the decline range 7.7%. Even so, the price is in 4540 such a high level. Domestic MianJia keep more likely to continue to rise, and cotton variable is bigger, therefore the price there is likely to be late again may expand.
After 11 domestic base difference weakness, by - 780 weakness to - 1024, a weaker 244 by 31.28%. Mainly because zheng cotton futures affects obviously by outside dish, follow outside dish rises to be bigger than the spot price. At present base difference at a low level, but keep in the normal range.
After eleven zheng cotton futures contract price far and near month was basically in a downward trend, last week without breaking up after 0, continue downward, from the current technical level to see, at present this fuchsia phenomenon may continue to continue.
Collection and storage progress
After eleven, domestic accept reserves remain stable growth. By the end of last Friday, the actual into reserves of 1.15 million tons, hand in a store proportion is 57%, among them XinJiangMian into reserves of 900000 tons, accounting for 78.6%. From September start late, the reserves suddenly soar measures, before mainly because showed is not a large number of listed, and processing enterprises processing showed it is certain to should have cycle, with a large number of listed showed, hand in a store enterprise dramatically since October, surrender quantity has also grown dramatically. Now every plan collection and storage general maintained at 10000 tons, hand in storage ratio are in more than 60%, most of them for XinJiangMian, accounting for more than 70%, mainly because of this year XinJiangMian quality is generally the mainland high, some mainland cotton traders also to xinjiang to purchase.
Collection and storage smoothly to domestic MianJia will continue to maintain a more powerful support, which will promote the domestic MianJia continued to rise. But for processing enterprise cotton generally used to pay store, if according to pay store price sell to the downstream textile mill, even with high tariffs imported cotton outside compared also no advantage, therefore the domestic cotton spot market basic in a price no city state.
Seed cotton purchase market
Seed cotton price steadily downward trend, mainly because the current price makes cotton processing enterprise profit is too low, so the intention to purchase is also very low, as long as to cotton enterprises can accept psychological price, it can clinch a deal. If according to China's current cotton seed cotton association issued reference price to calculate words, at present MianJia processing cost remains high, Texas and other regions in 20000 yuan of above, cotton enterprises into words if reservoir profits less than 400 yuan. So late seed cotton purchasing price may have a decreased, but the national policy for the protection, the decline range is not too large.
Conclusion: from the current situation look, zheng cotton rise power shortage, the biggest obstacles or fundamental weak demand. One factor that makes zheng cotton cannot in the collection and storage policy under good rise smoothly. Collection and storage of the rapid propulsion although not enough to drive the zheng cotton smooth rise, but to the domestic spot price is a kind of a solid guarantee. Late zheng cotton more likely to keep concussion.

Cofco property percentile net loss before 24.47 million third quarter net profit fell more than seventy percent

View the latest market
Cofco property (3.84, 0.05, 1.29%) (000031 SZ) on the night of oct. 23 disclosed three quarterly report says, the company to realize the third quarter net loss of 24.4717 million yuan, the same period last year for a profit of 14.6015 million yuan; The third quarter cumulative net profit of 36.3616 million yuan, up 70.65%.
Cofco to prenatal third quarter realized total business revenue of RMB 2.696 billion yuan, up 21.64% increase; The third quarter of the total revenue for 1.473 billion yuan, increased by 141.98% year-on-year. The first three quarters a-share earnings per share 0.25 yuan, up 71.43%.
The company said, 1-9 month, sales of commercial property income can be carried forward resources (shenzhen hong cloud projects) year-on-year increase, so the company revenue growth. Over the same period, the company financial expense for 335 million yuan, compared to the same period last year growth of 48.13% of the 226 million yuan, mainly is to increase loans from financial institutions, interest expenses increase.
Cofco property 23 flat closed at 3.87 yuan.


> related topics:
Focusing the listed company three quarterly report

China's manufacturing PMI better off to promote European shares were up

Sina finance and economics (Beijing time on October 24, afternoon news, Wednesday in early trading, the stock go up, change alternately on Tuesday. Previously the Chinese manufacturing industry data better off, but for enterprise earnings concerns may make or restricted. But Beijing time, pan-european blue FTSEurofirst 300 index rose 0.30%, to 1091.99 points. On Tuesday the index fell 1.7%.
Data shows, oct. HSBC China manufacturing PMI preview value 49.1, the highest for three months; New orders and output growth, showing the economy better. But because of PMI still not as good as expansion contraction watershed 50, recovery may be slow pace.
The third quarter enterprise earnings continue to disappointing, the world's second largest truck maker Volvo performance decline than expected, and is expected to 2013 in key markets no growth.
Hampstead Capital hedge fund manager Lex van Dam said: "performance warning the great number of amazing, so if there is no Spanish for news, the market to have a big progress." (chu ink/compiler)

Chinese elements into Africa South Africa railway development bullish on the Chinese locomotive technology

South Africa state-owned transportation group (Transnet) on October 22, in the country's administrative capital Pretoria and China southern car (4.24, 0.10, 2.30%) zhuzhou electric locomotive co., LTD. Has officially held a signing ceremony, decided to purchase from China 95 sets of electric locomotive, the contract amount for 2.6 billion rand ($1 $8.68 rand).
South Africa with state-owned transportation group subordinate railway freight company to achieve the purchase contract, is China's south car zhuzhou electric locomotive co., LTD. To a local company win together. South Africa "commercial daily 23 report said, this is the first South Africa from China's purchasing locomotive. And report says, this is China electric power locomotive in Africa for the first time.
The winning project localization rate will reach 60.5%
In the 22 a signing ceremony, South Africa minister of state-owned enterprises MaLuXi · auspicious garba representation, this contract is historic, because it marks the railway company in South Africa for the first time from the procurement locomotive. And achish said, at the same time, it shows that South Africa committed to the development of nuggets between countries strategic trade and investment relations, but also on China's global competitiveness in manufacturing equipment made great progress recognition.
It is reported, to ensure that won the contract, Chinese companies preparation time for nearly a year, finally with higher localization rate, delivery time and price, and other comprehensive advantages vanquished 8 competitors. South Africa state-owned transportation group chief executive Brian moller phenanthrene, said the project time tight, Chinese companies can in December next year the first delivery of the locomotive, all locomotive will in September 2014 consign is used, this is the main reason for the contract the win in China, "the company's manufacturing capacity is very strong, they each month can produce 160 sets of locomotive".
And achish said to him, he was sure that the contract will give local bring huge economic benefits, and promote the development of the downstream industry. According to the contract arrangement, the Chinese company will transfer to South Africa electric locomotive manufacturing technology, the earliest provide 10 bike will assemble in China, and the rest of the locomotive will take place in South Africa assembly.
The commercial daily 23 reported that the project of the electric locomotive in South Africa for the localization rate is 60%, Chinese enterprises commitment localization rate will reach 60.5%. Auspicious garba said, the South African government in and suppliers, hope the other party can help strengthen the South Africa its manufacturing industry, this can be established through investment, technology transfer and promote export of South Africa, and other means to realize. South African hope partners will be here as a global business design and manufacturing center, it is not just limited to locomotive supply field.
South Africa are bullish on the Chinese locomotive manufacturing technology
South Africa state-owned transportation group railway freight transportation company chief executive gamma said, these locomotive need both in 3 kv dc, and can be in 25 kv ac nets line pressing the road running, power need up to 3500 horsepower. China said that China has South Africa requirements of the locomotive prototype machine, is currently the domestic testing. South Africa think that Chinese manufacturers design and manufacturing is a problem, because China has manufacturing than South Africa standards higher locomotive ability.
A spokesman for South Africa state-owned transportation group's Bernie line in accepting
South Africa is the move in order to meet the needs of the country's railway freight transportation. South Africa state-owned transportation group announced earlier this year, will be in the future seven years investment of 300 billion rand, its freight capacity from the current 200 million tons per year up to 350 million tons, of their own to create 500000 jobs, including railway freight transportation is an important part of the company. Therefore, in addition to emergency purchasing 95 sets of electric locomotive outside, the company also will purchase 599 units and 465 sets of electric locomotive diesel locomotive.
China enterprise power African railway modernization
South Africa is Africa railway system one of the most developed countries, more than 34000 kilometers of railway operation mileage, of which about 18000 kilometers (miles) for electrified railway, there are more than 2000 sets of electric locomotive, internal combustion engines of 1400 much stage, but 55% of the electric locomotive average life more than 35 years, upgrade of products of the huge market. Now South Africa railway freight volume every year about 175 million tons. In 2010, South Africa also opened the first high speed railway, the operation mileage nearly 80 kilometers, connecting the biggest city of Johannesburg and administrative capital Pretoria.
Other African countries in recent years also started to pay attention to railway transportation, the Chinese railway transportation construction related enterprise into Africa provides opportunity. East African community country 2009, which sets the railway development planning, planning in the future 20 years investment more than $350, upgrade area railway system, and comprehensively improve the transport capacity. In June this year, Ethiopia respectively with China and Turkey company sign railway construction contract, the total value of $3.2 billion, will build two from the country to neighboring djibouti and pull port railway, so as to promote the country to Asia and the Middle East countries export. On October 4,, China communications construction group co., LTD. And Kenya railway administration signed Mombasa to Nairobi scale rail railway project on-line engineering business contract, stood at 1.147 billion usd.
China civil engineering group won the contract amount of $8.3 billion Nigerian railway modernization project, the line general about 1315 km. The project is divided into several section of phased implementation. Among them, the first section is the capital abuja to northern KaDuNaZhou (hereinafter referred to as "akko railway"), this section of single railway project has been in February 20, 2011, formally began, the completion date for February 20, 2014.
China civil engineering group Nigeria co., LTD., deputy general manager LiQingYong 23 in accepting
(the Johannesburg, abuja October 23 report)

Data on China for oil shares to promote European city high charge 0.4%

Sina finance and economics (Beijing time October 25th morning news, Wednesday's European stocks finally ended three even Yin, the main stock index high charge 0.4%. China's encouraging economic data to promote European oil and mining shares rebound. At the same time, science and technology giant earnings to science and technology plate obvious went up.
By the Beijing time now, the stock overall situation vane: stoke 600 index rose 0.42%, to 269.52 points. France, Germany, England shares in turn high charge 0.6%, 0.3%, 0.1%. The previous three trading day, the total shares fell 2.8% yesterday, closing and low one and a half months, mainly to Europe, the United States and the two important enterprise of earnings on the poor.
The world's largest enterprise software developer SAP's share price rose 4.6%. Earlier SAP announced just the past quarter in the performance of the super market expectations, echo the chip maker ARM Holdings on Tuesday issued strong earnings, causing technology plate general goes up. SAP and ARM is its financial times only 300 top share index today one of the highest annual constituent stock.
Crossbridge capital investment competent Singh (Manish Singh) said: "we have seen the stock market fluctuation basically by macroscopic factors drive. Once a batch of new good earnings appear, previous selling pressure are essentially turn."
To promote European shares today go litres of main and energy and basic resources plate, China earlier from the manufacturing data shows that the Chinese economy better momentum enhancement. China is the world's most main raw materials is one of the consumer, and at the same time, still the world's second largest economy. (made realization/compiler)

Shanghai white a batch liquid soap pH value check unqualified

Report from our correspondent reporter wang ying reported liquid soap in recent years are instead of soap, become the ordinary people in washing supplies, for its clean bactericidal action, many people are convinced. But recently, Shanghai pledges inspect bureau announced sampling inspection results show that Shanghai white specialty chemicals co., LTD., production batch number for 120127011 "white" armguard liquid soap (specification: 4 kg) pH values are not qualified. PH value is also known as PH value, reaction after absorption of human body skin irritation index, strong acid or alkaline too big to skin all have stimulation, and PH value is unqualified, also means that liquid soap in the bactericidal also hand injury.
The reporter interviewed the shenyang supermarkets found that put on the shelf liquid soap brand has nearly ten, many products are more a sterilization, embellish skin ", there is found to have rejected batches of the white hand liquid soap in the sale. Residents WangHan introduction, "liquid soap in the people home are very common, pump type also convenient, the price is a little expensive. Reporters contrast found that most of the brands of liquid soap is the price of $15 to 20 yuan between, and soap 3 yuan price, compared to liquid soap is its 5 times.
In fact, the main components of the liquid soap for a called to chloride room xylenol phenols disinfectant, concentration is generally 0.1% to 0.4%, in the period of validity of liquid soap, can ensure that its sterilization effect, can once more than the expiration date, and sterilization effect can reduce or even disappear. So when buying liquid soap, besides brand, efficacy, smell is worth to pay close attention to such factors as the date of expiry, mild or not should be worth consumer attention, to the home in expired liquid soap should be timely stop using.

Shanghai five people daily manufacturing additive bean sprouts and tons of sentenced

"The problem bean sprouts" five production seller respectively in punishment
Qingpu procuratorate issued procuratorial Suggestions to promote special treatment
GuoJianFeng; Green inspection
A production, sales, illegal add chemical "problem bean sprouts," daily output of 26 tons of the giant five the defendant, the people's procuratorate in qingpu in production and sale of fake or substandard products sin to Sue, already were sentenced to fixed-term imprisonment eight months to four and a half years inequality.
In case an end, but the derivative problem to whether get enough attention? The reporter understands, qingpu procuratorate, in adjudicating cases, but also carried out detailed serious investigation, and according to the results of the survey to the qingpu industrial and commercial bureau, agriculture commission, heavy solid ZhenZhen government and other related units issued advice, promote the special governance.
Nissan "poison bean sprouts" 26 tons
In the middle of February, according to reports from the masses, seized a large number of qingpu area has not yet been selling out of adding chemical material soybean (4852,15.00, 0.31%) bud, mung bean sprout. August 7,, qingpu procuratorate to the discipline such as a connection to the defendant five production and sale of fake or substandard products a public prosecution according to sin.
Procuratorial organs charges, five the defendant has qingpu fragrant flower bridge street on loan hengjing village nearby greenhouse canopy production soybean sprout and mung bean sprout, and sold to the city several farmers markets. To shorten the production cycle, increase the output, the defendant in production process of bean sprouts add "AB powder" (A powder including 6 - benzyl adenine, B powder contain gibberellin) and "no root bean sprouts element" (including 4 - chlorobenzene oxygen sodium acetate, etc.), thiram chemical material such as. But the national law has clearly stipulates 4 - chlorobenzene oxygen sodium acetate, 6 - benzyl adenine and no longer as food additives and food processing aid use.
Five the defendant use these methods of bean sprouts production sales of about 1.8 million yuan.
According to the confession, five of the defendant trellis nissan bean sprouts totaled 26 tons, these bean sprouts are through the along road wholesale market, songjiang brick bridge wholesale market and sold to the whole Shanghai, quantity to Shanghai accounted for about a third of the sales area bean sprouts.
Procuratorial Suggestions to promote governance
The case, prosecutors through visit found, because of bean sprouts attribute realize the existing differences, this city to bean sprouts production links the lack of normal supervision; The illegal additives to the source of the regulation is not in place, AB powder, no root element illegal additives is obtained channel unobstructed, this to "poison bean sprouts" production provide a hotbed.
According to research the problems found, qingpu procuratorate to industrial and commercial bureau respectively qingpu, agriculture commission, heavy solid ZhenZhen government and other related units issued advice, advice to strictly illegal additive source supervision and, when necessary, to carry out illegal additives special improvement action; To improve food safety supervision department daily inspection means and ability; To strengthen the publicity of food safety, especially should strengthen the food safety standards of the regulatory documents propaganda; Pay attention to comb and regulatory bean sprouts and bean sprouts similar critical edibles avoid regulatory blind area, etc. These Suggestions got the attention of departments.

The ministry of commerce should start working mechanism to solve shandong province and other vegetables seller difficult

Beijing on October 25, according to the ministry of commerce web site message, in view of the recent shandong, henan, zhejiang and other happen "sell food difficult", the ministry of Commerce Department to start working mechanism, according to local actual, and combined with "sell difficult" vegetable varieties, organize the collection and storage.
The ministry of commerce said, according to the monitoring analysis, the current national vegetable market supply and demand overall balance, individual varieties, regional and period of time temporarily appear imbalances.
Recently, shandong, henan, zhejiang, happen to sell vegetables difficult situation, the ministry of commerce leading party group attaches great importance to, emergency start agricultural products (5.59, 0.11, 1.93%) hard to sell working mechanism. The ministry of commerce in the market monitoring based on statistical data, organizing experts to vegetable production and marketing situation and trend in consultation with.
For this reason, the ministry of commerce emergency take the following measures:
One is to spy out the land quickly. Immediately to the local commerce authorities issued a notice, request immediately to carry out agricultural products "sell" difficult situation regularly, detailed understanding of local vegetables "sell" difficult variety, price and area, to forecast the market in early warning, and proposes the solutions.
The second is to launch online butt. Use of the ministry of commerce fresh agricultural products production and marketing docking platform, release information about the supply and demand, the organization of large supermarket chains and agricultural products wholesale market carry out online automatic docking, dredge circulation channel.
The third is to carry out social assistance. The ministry of commerce and the relevant trade associations formed three working groups to understand all sell difficult situation, and according to the actual situation organizations large supermarkets and large agricultural wholesale market field joint, respectively in the supermarket and wholesale market set up sales area.
Four is to launch reserve mechanism. Request to establish in winter and vegetables reserve north city business departments to coordinate the relevant departments as soon as possible, according to local actual, and combined with "sell difficult" vegetable varieties, organize the collection and storage.
Five is preparation for the production and marketing. The ministry of commerce will be held in the near future the vegetable production and marketing representatives, make full use of "south food north luck" circulation network, to ensure balanced vegetables listed.
Six is to strengthen information guide. Timely release vegetables market overall production and marketing situation and points varieties points area of price information, shorten the time of issue, increase the release frequency and frequency. (Beijing financial channel)

The ministry of commerce about involving foreign investment enterprise stock-rights contribution interim provisions

Ministry of commerce in 2012. 8, the ministry of commerce about involving foreign investment enterprise stock-rights contribution of the interim provisions"
【 release unit 】 the ministry of commerce of the People's Republic of China
【 release number 】 business decree no. 8 in 2012
The release date 】 2012-09-21
The implementation date 】 2012-10-22
The ministry of commerce about involving foreign investment enterprise stock-rights contribution of the interim provisions "has been on August 24, 2012 the ministry of commerce through the 68th ministerial meetings deliberation, are hereby promulgated, on October 22, 2012 and up.
Department long: Chen deming
On September 21, 2012
The ministry of commerce about involving foreign investment enterprise stock-rights contribution of the interim provisions
Article 1 in order to regulate the involving foreign investment enterprise's equity investment behavior, improve the level of investment facilitation, encourage foreign investors to invest in China, according to People's Republic of China foreign investment law, the provisions of the company law and the provisions of relevant administrative regulations, the present provisions are formulated.
Article 2 the investors at home and abroad (hereinafter referred to as equity investors) held by the enterprise within the territory of China (hereinafter referred to as equity enterprise) equity as capital contribution, the establishment and change of enterprises with foreign investment (hereinafter referred to as the company) shall be governed by these provisions, including:
(a) to newly established company form to establish a foreign-funded enterprise,
(2) that the capital of enterprises with foreign investment enterprise with foreign investment changed into;
(3) to increase enterprise with foreign investment changed equity.
The above said enterprise is legally established in China refers to a limited liability company or a joint stock limited company.
Article 3: for the purposes of these provisions for the examination and approval authorities of the People's Republic of China ministry of commerce and local competent commerce departments.
Investors with equity investment establishment and change of enterprises with foreign investment, in addition to the examination and approval administration in accordance with the relevant provisions of foreign investment approved by ministry of commerce of, but the rest of the invested enterprise by the people's governments of provinces, autonomous regions, and municipalities directly under the central government and the city specifically designated in the state plan to the competent department of commerce (hereinafter referred to as "the approval organ at the provincial level) shall be responsible for approval.
Article 4 the capital contribution shall be used as the equity ownership clear and power integrity, and may be transferred according to law; Equity enterprise is a foreign-invested enterprise, the enterprise shall be approved according to law, conform to the foreign investment industrial policies.
Belong to the following situations, equity investment shall not be used for:
(a) equity enterprise's registered capital is not paid in full;
(2) the equity has been set up mortgage;
(3) equity has been frozen in accordance with law;
(4) equity enterprise articles of association (contract) agreement shall not be transferred equity stakes,
(5) not according to stipulations in previous year or not through the foreign investment enterprise under the joint annual check of the foreign investment enterprise's equity;
(6) the real estate enterprises, foreign investment company, foreign investment venture (equity) investment enterprise's equity;
(7) law, administrative regulation or decision of the state council provisions equity transfer shall be reported for approval and without approval;
(8) the laws, administrative regulations or provisions of the state council shall not be transferred to other circumstances.
Article 5 after stock-rights contribution, the invested enterprise and equity enterprise and its direct or indirect holding enterprise shall conform to the guiding the direction of foreign investment regulations, the foreign investment industrial guidance catalogue and other foreign investment related regulations; Don't conform to the relevant provisions, it shall declare stock-rights contribution in before stripping related assets, business or transfer its equity. Investors at home and abroad in equity investment way evade foreign investment management.
Article 6 the equity capital contribution as established in accordance with the law shall be subject to the domestic appraisal institution assessment.
Article 7 equity investor and the investment enterprise's shareholders or other investors in the equity can be based on the evaluation of affirmatory equity amount of pricing, equity investment amount.
Equity refers to the amount of pricing above all parties in the equity evaluation basis for common recognition of the contribution of equity transaction pricing, equity investment amount refers to the amount of equity pricing in the registered capital of the enterprise is included in the investment of equity investment amount shall not be higher than equity evaluation value.
With shares for the value of the invested enterprise capital increase subscription, the amount of equity pricing included in the deals.
Article 8 of the invested enterprise all the shareholders' equity investment amount and other non-monetary properties amount shall not be higher than the sum of its 70% of the registered capital.
Article 9 the company as a limited liability company, the total amount of investment shall be according to the state administration for industry and commerce on sino-foreign joint venture enterprise's registered capital and the total amount of investment proportion of interim provisions ", according to the equity of the invested enterprise capital contribution after the registered capital for sure.
Article 10 investors with equity investment, should by the investors or the investment enterprises to apply for the examination and approval authorities, submit the following documents:
(a) stock-rights contribution application and equity investment agreement;
(2) the equity investors hold legal capital contribution as equity proof;
(3) equity enterprise the business license of enterprise legal person (copy);
(4) equity enterprise is a foreign-invested enterprise, shall be submitted to the foreign investment enterprise approval certificate and photocopy, through the foreign investment enterprise under the joint annual check of the relevant proof;
(5) appraisal institution equity evaluation report;
(6) law firm and its lawyers to the provisions of article 4, article 5 content of legal opinions issued by the;
(7) in accordance with the foreign investment laws, administrative regulations and rules shall be submitted to the other foreign-funded enterprises set up or change the file;
(8) the laws, administrative regulations or decision of the state council provisions equity enterprise shareholder equity transfer shall be subject to approval, need to submit relevant documents of approval;
(9) the examination and approval authorities for submission to the other documents.
Article 11 of the invested enterprise in accordance with the examination and approval authority decides to approve or not to approve. To be approved by the examination and approval organ shall issue or changing of the approval certificate of foreign-invested enterprises (in the remarks column filler "stock-rights contribution outstanding").
Equity enterprise for foreign investment enterprises, and enterprise invested by different points of the examination and approval authorities for approval, the invested enterprise of the examination and approval authority shall ask for equity enterprise is to be located the approval organ at the provincial level opinion, equity enterprise is to be located in the approval organ at the provincial level shall receive for YiJianHan within 20 working days revert suggestion; Fails to reply, regard as agree to.

Vice minister of commerce: at present the international overall economic situation is still not stable

Xinhua guangzhou on October 24, (WangPan, FengLu) vice minister of commerce by zhongshan in the 112th Canton fair, said the whole of the current international economic situation is still not stable, the ministry of commerce will further clarified promote enterprise core competence cultivating new work, makes the Chinese enterprise new competitive advantage.
Canton fair is regarded as a barometer of China's foreign trade and wind vane, also is the competent department in charge of commerce at each level research enterprise operating status of the important position. By the financial crisis, raw materials and artificial cost rises, exchange rate fluctuation, the European and American market atrophy and other factors of comprehensive effect, the current our country foreign trade enterprise had certain challenges and difficulties, but many to participate in the fair export enterprise reflect, already through the increase to the new product research and development dynamics, to increase the product process improvement, design innovation investment, focus on the cultivation of independent brands, reduce the proportion of OEM, completes the supply chain management, etc, in order to transformation and upgrade to meet the challenge, the effect significantly.
To this, attend the Canton fair two issue of zhongshan said that at present, labor cost, land cost, resources such as energy costs of these elements cost rise, plus the yuan appreciation, to the enterprise management difficult, enterprises should grasp the nettle, realize contrarian growth, it is necessary to cultivate as soon as possible with technology, brand, quality and service as the core of the new competitive advantage, make a have high quality, advanced technology and innovative design of independent brands, good play their own advantage, and grasp the good require two markets, they can better deal with fierce competition at home and abroad.
Zhongshan said, the enterprise should develop independent brands have the foundation of development, continuous innovation to keep vitality. And he said, the ministry of commerce in the next step work, will put promote enterprise cultivate emerging core competitiveness work further clarified, the outstanding enterprise experience is extended, makes the Chinese enterprise new competitive advantage.

The state council energy policy: encourage what participate fully in energy projects

Xinhua Beijing on October 24 report (reporter LeiMin) promulgated by the state council information office and the China energy policy (2012) "white paper, a comprehensive account of China's energy development present situation, the face many challenges and try to construct the modern energy industry system and strengthen the international cooperation in the energy of the overall deployment.
The full text white paper about 14000 words, divided into preface, energy development present situation, the energy development policy and goals, and comprehensively promote energy conservation, to develop new energy and renewable energy, promoting fossil energy clean development, improve the energy universal service level, accelerate energy science and technology progress, deepen the energy system reform, strengthen energy international cooperation, concluding remarks and part.
The white paper says that, since the reform and opening up, China's energy rapid industrial growth, realize the coal, electric power, oil and gas, renewable energy and new energy comprehensive development, to ensure the long-term stable and rapid development of the national economy and the people's living standards continue to improve to make an important contribution. In 2011, China's primary energy production amounted to 3.18 billion tons of standard coal, ranked first in the world.
The white paper stressed that China is the biggest developing country in the world, face developing the economy and improving the people's livelihood, the comprehensive construction affluent society's arduous task. Maintain a long-term and stable energy resources sustainable use, is the Chinese government's an important strategic task. The basic content of China's energy policy is: adhere to the "save priority, rely mainly on domestic supply, develop diverse energy resources, protect the environment, science and technology innovation, deepen the reform, international cooperation, improve the people's livelihood" energy development policy, to promote energy production and utilization mode change, building safety, stability, economic and clean modern energy industry system, efforts to energy sustainable development support sustainable economic and social development.
The white paper said, the law of the People's Republic of the national economic and social development twelfth five-year plan outline "put forward: to 2015, China's not fossil energy of primary energy consumption ratio reached 11.4%, the unit GDP energy consumption 16% less than in 2010, unit of gross domestic product carbon dioxide emissions 17% less than in 2010.
The government of China has promised that by 2020 the fossil energy of primary energy consumption ratio will reach 15%, carbon dioxide emissions per unit of domestic gross product dropped by 40% compared with 2005 to 45%. As a big responsible nation, China will make unremitting efforts for this goal.
The white paper puts forward, vigorously develop new energy and renewable energy, is promoting energy multiple clean development, cultivating strategic emerging industry of important strategic measures, but also protect the ecological environment, climate change, realize the sustainable development of the urgent need. China unswervingly develop new energy and renewable energy, to "1025" at the end of the fossil energy consumption accounts for primary energy consumption ratio will reach 11.4%, the fossil energy generating proportion reaches 30%.
The white paper says that, reform is to speed up the transformation of the way that a powerful driving force. China will firmly push energy sector reform, strengthen the top design and overall planning, accelerate the establishment of a scientific development to energy systems and mechanisms, improve the energy development environment, promote energy production and use ways to change, to ensure the national energy security.
The white paper finally stressed that the energy security is a global problem, most countries are impossible to leave international cooperation and achieve energy security. China has never, not now, and will not pose a threat to the world energy security. China will on equality and reciprocity, mutual benefit and win-win principle, to further strengthen and the energy producer, consumer and the international energy agency cooperation, to promote the sustainable development of the world energy, maintaining the international energy market and price stability, ensure the safety and clearing of the international energy channel, to ensure global energy security and climate change to make due contributions.
It is understood that the white paper Chinese book form has the people's publishing house, this date in the national xinhua bookstore issue.

The state council energy policy to encourage 2012 white paper what overall entering

The "finance and economics" comprehensive report 】 according to the sound of economy the wide central financial review report, the state council information office 24th afternoon just issued the China's energy policy 2012 "white paper," China's energy sources development present situation, the energy development policy and goals, and comprehensively promote energy conservation, to develop new energy and renewable energy, promoting fossil energy clean development, improve the energy universal service level, accelerate energy science and technology progress, deepen the energy system reform, strengthen energy international cooperation "and so on nine aspects carried on the detailed elaboration.
The white paper said, in 2011, China's primary energy production amounted to 3.18 billion tons of standard coal, ranked first in the world, the thermal power supply coal consumption than 2006 fell to 10%. From 2006 to 2011, China's per capita primary energy consumption of 2.6 tons of standard coal, increased by 31%; Per capita natural gas consumption increased by 110%, the per capita power consumption increased by 60%, the use of natural gas has a population of more than 180 million.
In a white paper it "deepen energy system reform" has made the detailed introduction, emphasize China will firmly push reform energy field, and give full play to the basic role of the market in resource allocation. All listed in national energy planning project, in addition to the laws and regulations explicitly prohibited beyond, to the folk capital to open. Encourage private capital to participate in energy resources exploration and development, oil and natural gas pipe network construction, the electric power construction, continue to support folk capital fully into the new energy and renewable energy industry. The rapid development of our country economy to energy strategy and energy policy formulation brings great challenge.
China's energy and HanXiaoPing chief information officer, said China's energy industry is walking in the forefront of the world.
HanXiaoPing said, no energy is no economy, these ten years, we of the energy industry to support the rapid development of economy and the rapid development of China's economy this is never before in human history of. Such a big country, so much of the population, so quickly toward modernization, the energy industry made great achievement, whether the electric power, coal or oil, natural gas, each China's energy industry are walking in the forefront of the world.
Energy policy is the core problem of the energy industry, there is no one country, do not take the energy policy formulation. "China's energy policy 2012" mentioned in the white paper, China will firmly push reform energy field, and give full play to the basic role of the market in resource allocation. This made clear our country energy industry development direction. And, among them clearly put forward to encourage private capital to participate in the energy industry. HanXiaoPing think, let the private enterprise into the key industry, for the sustainable development of our economy has a very important role.
HanXiaoPing said, China is now in addition to individual other than energy industry, almost all open, and new signs that the original oil only in the oil, sinopec such company open, and now it is possible to pass shale gas breakthrough, oil and gas industry will also open for private enterprises. The ministry of land and resources in the new round of shale gas bidding, there are 91 companies bought bid ready to bid, of which more than one third is the private enterprise, and local state-owned enterprises and some such as renmin non-oil businesses are to enter the market. Diversified investment is promote and guarantee oil energy supply is very key support, especially in clean energy, only more enterprise for more funds, technology investment, human resources investment, to maintain the sustainable development of the economy, to maintain the environment for continual improvement. So now let more private enterprise into the very key.
Now, wind power, solar private enterprise in almost the entire Chinese clean energy industry plays a leading role. Another recent gas open, natural gas is in the downstream terminal have a lot of company is the non-state-owned economy. In addition, coal private enterprises have been also development good, although during the integration, there are still a lot of large private enterprises. Electric power industry private enterprises in the contraction, but as the distributed energy technology promotion and national attention, more private enterprise also come into the industry. Finally we should optimize the industrial structure, let more enterprises to promote China's economic sustainable development, it needs to have more private enterprise, non-public ownership economy into this industry, through the competition in the industry present optimization.
More enterprises to participate in China's energy development is very good. A recent two years, like the relationship between coal price adjustment, and finished product oil prices, taxes and fees reform linkage, etc., are the hot issues of energy, and is closely linked with people's livelihood. HanXiaoPing says that on these reform as the foundation, in the energy system reform in the future our goal is to attract more investment, reduce the resource price, improve the competitiveness of the country.
HanXiaoPing said, price reform is a very key factor. Now many price are fuchsia, cross subsidies, such as electricity price is cross subsidy, part of the electricity more people enjoy subsidies more, and it is for this kind of cross subsidy, make the power industry produces the product cannot reflect the real cost. Oil and gas also have the same problem, because the product cannot reflect the real cost, many private enterprises could not enter this industry, so aeriform in through a glass door private enterprises out of the gate outside, so the price is very key to straighten out.
The average price of the leadership of the state council, and through the price reform as the most important recent reform to point now, whether natural gas price reform, step electricity price reform, oil price reform, are likely to further promote the process of marketization. Our ultimate goal is to attract more enterprise come in, through the more enterprises to form more investment, formation depression benefit. In all directions to meet the funds came in, resources will be increased, through the competition finally resources price will drop, the competitiveness of the our country is therefore improved.

The state council 1025 energy development plan explicitly seven big key tasks

Beijing on October 24, according to the Chinese government network news, the state council premier wen jiabao 24 presided the state council executive meeting to discuss and through the energy development "1025" plan ".
Meeting to discuss through the "energy development" 1025 "plan" proposed that "1025" period, to speed up the energy production and utilization mode change, strengthening energy conservation priority strategy, improve energy development and transformation and utilization efficiency, reasonable control energy consumption, constructing the safety, stability and economy, clean modern energy industry system.
Key job responsibilities are:
(a) strengthen the domestic resources exploration and development. Safety and efficient development of coal and the conventional oil and gas resources, strengthen the shale gas and coalbed methane exploration and development, and actively and orderly development of hydroelectric and wind, solar and other renewable energy.
(2) to promote energy efficient clean transformation. Development of efficient and cleaner coal, to promote coal washing and screening and processing, intensive development of oil refining processing industry, orderly development of gas power generation.
(3) to promote energy supply mode change. Vigorously develop distributed energy, promote intelligent grid construction, strengthen the construction of new energy automobile energy facilities.
(4) to speed up the energy storage and transportation facilities construction projects, improve the reserve emergency support capacity.
(5) implementing energy the livelihood of the people project, pushing forward integration of urban and rural energy equal access to basic public service.
(6) the reasonable control of energy consumption. Comprehensively promote energy-saving extraction efficiency, strengthen the management in the use of energy.
(7) propulsion power, coal, oil and natural gas in the key fields reform, straighten out the energy price forming mechanism, and encourage private capital into the energy field. To promote technology progress, improve scientific and technological equipment level. Deepen international cooperation, maintain energy security.

China's energy policies promulgated by the state council (2012) the white paper

Promulgated by the state council information office and the China energy policy (2012) "the white paper.

The sixth group under the state council shall cancel and adjust agriculture items of administrative examination

 and approval directory

The ministry of agriculture of the state council on the implementation of the sixth group of cancel adjustment items of administrative examination and approval decision notice
All provinces, autonomous regions, municipalities directly under the central government and cities specifically designated in the state plan agriculture, veterinary, agricultural reclamation, township enterprises, fishery, or the department (bureau, committee, office), department authority related department bureau people, subordinate units concerned:
For the comprehensive implementation of the "state council on the sixth group of cancellation, and adjust items of administrative examination and approval decision (guo fa [2012] no. 52, hereinafter referred to as" decision ") request, to carry items of administrative examination and approval to cancel adjustment subsequent cohesion, to ensure that the administrative examination and approval system reform each work forceful, orderly and effective propulsion, the related matters are notified as follows:
A, earnestly study and understand the spirit of the state council decided to cancel the adjustment
"Decision" the sixth announced the cancellation and adjustment of 314 item of administrative examination and approval items directory, and to further deepen the reform of the administrative examination and approval system put forward clear requirements. Each unit shall carefully organize the learning the "decision" spirit, a deep understanding of the new situation, advancing the administrative examination and approval system reform, the importance of the practical administrative examination and approval system reform as the reform of administrative system important content, as an important measure of the democratic political construction, the change of the government function as the key link, strengthen leadership, clear division of work, pays special attention to the supervision and check, perfect rules and regulations, to ensure that items of administrative examination and approval of the cancellation, and adjustment work put in place in time.
Second, the solid to adjust the following items of administrative examination and approval to cancel the implementation and cohesion
"Decision" is cancelled by the ministry of agriculture and local agricultural administrative departments responsible for administrative examination and approval of the seven, lower management level four, reduce administrative examination and approval of the ministry of agriculture to participate in a, a merger. Each unit to strictly implement the "decision" requirement, earnestly implement and subsequent cohesive work, strengthens the matter later check and inspection, and prevent the regulatory functions of "absence" or "does not reach the designated position" phenomenon.
One is to cancel the administrative examination and approval, since the "decision" release date, no longer the acceptance, examination and approval or by other forms in disguised form for examination and approval. At the same time, we should pay close attention to the study of the work after the cancel of supervision measures, clear supervision responsibility, avoid regulatory vacuum. The second is to adjust especially lower management level items of administrative examination and approval, to strengthen communication, strengthen the responsibility carries out, completes the related work of convergence to avoid management disrupted. The third is to keep items of administrative examination and approval, to further optimize approval process, standardize examination and approval behavior, innovation way of examination and approval, improve the transparency of examination and approval, and earnestly do for approval according to law, efficient examination and approval, the examination and approval, honesty and responsibility for examination and approval.
Three, advancing the administrative examination and approval system reform
The administrative examination and approval system reform is a long-term task. Each unit according to the CPC central committee and the state council deployment and requirements, in the existing basis of the work, and actively adapt to the agricultural rural economic and social development needs, unswervingly advancing the administrative examination and approval system reform.
One is to further remove and adjust items of administrative examination and approval. The existing items of administrative examination and approval to continue cleaning, according to should reduce will subtract, should be put principle, further cancel and adjust items of administrative examination and approval. All citizens, legal persons or other organizations can independent decision, market competition mechanism can effectively adjust, industry organizations can self-discipline management, take after monitoring etc can effective management items, all want to cancel the administrative examination and approval. To explore the examination and approval items to establish dynamic cleaning work mechanism, regular cleaning evaluation, put forward Suggestions to cancel and adjustment, according to the regulations and procedures before implementation.
The second is actively promote the standardization of the construction of the standardization administrative examination and approval. Set items of administrative examination and approval must YuFaYou according to, strictly follow the legal procedure, legitimacy, necessity, rationality review argumentation. No legal basis, and shall not be set or in disguised form set items of administrative examination and approval. In accordance with the administrative examination and approval for the implementation of the project, to item by item make scientific process and the examination and approval work specification, clear responsibility for examination and approval, the examination and approval strictly according to law. To explore the administrative examination and approval to establish agricultural input products management database for law enforcement department strict law enforcement, the farmers use science to provide strong support.
The third is the innovation of administrative examination and approval service mode. To strengthen the administrative examination and approval comprehensive office as the main carrier of the government affairs service construction, the full implementation of the "one window application, one-stop examination and approval, one-stop service, a window fee" operation mode. Whoever and enterprise and masses of the people closely related to the administrative examination and approval items, which shall be incorporated into the comprehensive office hall conduction. Local department of agriculture items of administrative examination and approval, can according to local party committees, the government's unified requirements, into the local government affairs center to deal with. Establish and perfect the online examination and approval service platform, and vigorously carry out the online application, application, consultation and BanFu, achieves truly standard service, convenient service, friendly service.
The fourth is to strengthen the administrative examination and approval power operation of the supervision. According to speed up the establishment of a sound decision, implementation, supervision and relative separation, interacting administrative operation mechanism requirements, strive to perfect the administrative examination and approval supervision system, speed up the promotion of administrative examination and approval electronic monitoring system application, and constantly strengthen the administrative examination and approval power operation process dynamic supervision. To strengthen the administrative examination and approval performance management, strict performance appraisal, strengthen the responsibility to implement. Adhere to the transparent, sunshine operation, advancing the administrative examination and approval open, active accept social supervision.
Each unit to timely research and deal with the items of administrative examination and approval to cancel adjusted possible situation and problems, and conscientiously carry out the subsequent cohesion and supervision work. If there is important condition, please promptly report to the ministry of agriculture.
Attachment: the sixth group under the state council shall cancel and adjustment of administrative examination and approval items directory (the department of agriculture part)
The ministry of agriculture
On October 22, 2012
accessories
The sixth group under the state council shall cancel and adjustment of administrative examination and approval items directory
(the department of agriculture part)
A, cancel the administrative examination and approval items (seven)
1. The commodity grain base water conservancy project annual investment plan for examination and approval;
2. Students drinking milk fixed-point production enterprise qualification;
3. Foreigners into the department of fisheries management of the local nature reserve is examined and approve;
4. For scientific research need to enter the department of fisheries management of the local nature reserve in scientific research core observation, investigation activities for examination and approval;
5. Township collective enterprise establishment, division, merger, transfer, closing, termination and change name, business scope is examined and approve;
6. For teaching and scientific research need

The state department report says 54 home state-owned enterprises fortune 500 list

The state council on the reform of state-owned enterprises and the development work report says
Our newspaper Beijing on October 24 reporter ZhuLei entrusted by the state council, the state-owned assets supervision and administration commission of the state council director wang yong today in the first session of the 11th National People's Congress standing committee meeting 29, about the state-owned enterprise reform and development work report. The report shows that a number of state-owned enterprises in the competition development. List "fortune" the world's top 500 state-owned enterprises from 2003 to 2012 of the six years of 54 home.
When talking about state-owned enterprise layout structure case of major changes, wang yong introduces, one is through the restructuring, merger, leasing, selling, etc, the state-owned enterprise from small level gradually exit, the state-owned enterprise's front greatly contraction, the layout structure optimized. The second is through the implementation of the policy closed bankruptcy, with more than ten years, make 5010 households long-term losses, insolvency, eliminate losses hopeless large and medium-sized state-owned enterprises and the difficulties of mine resources have been exhausted, smooth and orderly to withdraw from the market, and make appropriate arrangements for the worker. The third is to promote state-owned capital gradually from the general production and processing industry exit. In 39 industry, there are 18 industry gross output value of state-owned enterprises accounted for less than 10%, the state-owned capital more to the relationship between the lifeline of the national economy and national security industries and fields concentration. Four is a batch of state-owned enterprise in the competition development. List "fortune" the world's top 500 state-owned enterprises from 2003 to 2012 of the six years of 54 home.
A company type stock reform state-owned enterprises ninety percent complete
Our newspaper Beijing on October 24, ZhuLei reporter the state council on the reform of state-owned enterprises and the development work report showed that more than 90% of the national state-owned enterprise completed a company type stock reform, the central enterprises joint-stock company system GaiZhiMian from 30.4% in 2003 to improve to 72% in 2011.
The report says, most of the state-owned enterprises to establish a shareholder meeting, board of directors, managers and institutions such as the board of supervisors. In the part of the local state-owned enterprise and 50 home central enterprise set up standard of the board of directors of the pilot, the enterprise scientific decision level and risk prevention capacity significantly improve. In addition, the report also pointed out that the labor, personnel and income distribution system reform gradually deepening three.
92 renmin point supporting 189 counties
Our newspaper Beijing on October 24, ZhuLei reporter the state council on the reform of state-owned enterprises and the development work report points out, in the implementation of the development achievements sharing, the state-owned enterprise to make due contributions. From 2003 to 2011 the national state-owned enterprise accumulated over taxes 17.1 trillion yuan, in 2011 accounted for 38.4% of the national tax.
The report introduces, by the end of 2011, the national state-owned enterprise to social security fund state-owned equity 211.9 billion yuan, accounting for all social security fund financial income of 43.1%. Since 2007, the state-owned enterprises began to turn over to the state-owned capital gains. State-owned enterprise take an active part in all kinds of social insurance, regulating the construction worker welfare security system, to guarantee peasant workers' right and LaoWuGong legal rights, but also bear 16.553 million retired worker management. State-owned enterprises to actively participate in fixed point poverty alleviation, and aid in xinjiang and Tibet of all kinds of social welfare undertakings, the 92 central enterprises designated supporting 189 national poverty alleviation work county, 44 enterprises in xinjiang, 40 in Tibet carried out all kinds of aid supporting work.
The burden on problems need to solve
Our newspaper Beijing on October 24, ZhuLei reporter the state council on the reform of state-owned enterprises and the development work report points out, the state-owned enterprise various social burden is heavier.
Wang yong pointed out, one is the state-owned enterprise to do social function is still not fully separation. The second is retired personnel management and difficult group supporting need a large amount of subsidies. The third is reforming some collectively owned factories operated by increasing the difficulty of the reform and solve the problems of state-owned enterprise reforming some collectively owned factories operated by a need to pay the cost of reform.
Wang yong said that, we need to work quickly to solve problems left over by history and enterprise social burden. To formulate relevant policies and measures, and concentrate on solve the separation of state-owned enterprises to do social functions, reforming some collectively owned factories operated by enterprise reform, retirees social management problem. Multi-channel financing, increase of state-owned capital management budget used to solve longstanding problems in soes efforts. To study and solve actual problem that the worker CARES, and arranging the transfer worker, completes the worker skills training and reemployment work, ensure enterprise and social stability.
The layout structure still need further adjustment
Our newspaper Beijing on October 24, ZhuLei reporter the state council on the reform of state-owned enterprises and the development work report points out, the state-owned enterprise development mode is comparatively extensive, the layout structure still need further adjustment.
The report about, one is the layout structure is not reasonable. State-owned enterprise at present are mostly distributed in traditional industries, strategic new industry relatively low proportion. The second is to improve the ability of enterprises to innovate. Compared with the international advanced enterprises, state-owned enterprises r&d input intensity is relatively low, the technical innovation ability is still relatively weak, lack of with independent intellectual property rights of the key technology and famous brands, many key technologies are still. Three is the internationalization management ability is weak. State-owned enterprise multinational management index is far lower than international level, lack of international operation and adapt to the high quality talent team.
The report pointed out that we should focus on promoting the state-owned economic layout optimization. Perfect state-owned capital into a back, the reasonable flow mechanism, vigorously to promote state-owned enterprise restructuring and adjustment, promote the state-owned capital to key industries and key areas concentrated, to advantage enterprise concentration. Encourage enterprise through the cross-border mergers and acquisitions, participation, listing, restructuring joint etc, and to speed up the pace of "going out". To foster a batch of internationally competitive world first-class enterprise, on behalf of the state power, the allocation of global resources, and participate in the international competition. Guide enterprise outstanding business, increase internal resource integration efforts. Is positive to make use of the capital market and property right market, absorb the folk capital to participate in restructuring state-owned enterprise restructuring, the formation of various sorts of ownership economy fair competition, mutual promotion and common development pattern.
In addition, but also accelerate the transformation and upgrading of state-owned economy. Increase the elimination of backward production capacity dynamics, adjust the structure of products. Use informationization to promote the upgrading of traditional industries, promote manufacturing to high-end development.

The state council: only in the coastal arranged a few nuclear power project

Wen jiabao presided the state council executive meeting to discuss and through the energy development "1025" planning "and so on, and the" 1025 "period to the deployment of nuclear power plant construction: don't arrange inland nuclear power project and improve safety requirements
According to xinhua the state council premier wen jiabao 24 presided the state council executive meeting to discuss and through the energy development "1025" planning ", discussed and again by the nuclear safety planning (2011-2020) "and" nuclear power medium and long-term development plan (2011-2020) ".
Meeting to discuss through the "energy development" 1025 "plan" proposed that "1025" period, to speed up the energy production and utilization mode change, strengthening energy conservation priority strategy, improve energy development and transformation and utilization efficiency, reasonable control energy consumption, constructing the safety, stability and economy, clean modern energy industry system.
Meeting to discuss by the nuclear safety planning (2011-2020) "and" nuclear power medium and long-term development plan (2011-2020) ". The meeting pointed out that since march last year, in the operation, construction in nuclear power unit on the basis of comprehensive safety inspection, the state council two discuss the two planning, treat nuclear power security and development is very serious and careful.
The meeting for current and future a period of nuclear power plant construction to make the deployment of: (1) safely returned to normal construction. The construction of a reasonable grasp the rhythm, steady and orderly propulsion. (2) the scientific layout project. "1025" period only in coastal arranged a few a full discussion of the nuclear power project site, not arrange inland nuclear power project. (3) improve the admittance threshold. According to the highest safety requirements new nuclear power project. New nuclear power units must comply with three generations of safety standards.
The meeting stressed that safety is the lifeline of nuclear power. The development of nuclear power, must according to ensure environmental safety, public health and social harmonious overall request, put safety first policy implement to nuclear power planning, construction, operation, retired process and all related industry. To use the most advanced mature technology, continuous development in the service construction in nuclear power unit security reform, and constantly improve our both nuclear power units safety performance. Strengthen nuclear safety management. Increase nuclear power security technology and equipment research and development strength, speed up the construction of the nuclear safety standards and regulations system, improve the nuclear accident emergency management and response ability. Strengthen nuclear safety supervision and social supervision of public opinion. Actively carry out international cooperation.

October HSBC PMI initial value innovation high economy picking up more can stay

【 financial net feature 】 reporter 鲍喆 October HSBC manufacturing PMI initial value of 49.1, a September 47.9 picks up 1.2 points and hit a record high since three months, the market on the economy, demand stabilises milder have more confidence.
HSBC China chief economist and economic research Asia Pacific joint competent QuHongBin (micro Po) in micro bo to October subentry index on the disclosure - new orders index contraction amplitude narrow, from September to October 47.3 49.7, for six months highs. New export orders 47.3 (September 44.9), for five months highs. Manufactured inventory adjustment obviously. As a result, the output index 48.4 (September 47.3), still in shrink interval. The employment index for eight months in under 50; Through the new order fg inventory reduction measure of growth index back up to a year high 1.8 (September 2.9), before the end of the five months of continuous negative record. Inputs and output product price index both back to expansion interval. The former from September to October 43.4 53.3, the latter for 50.6. Despite a rebound, October price index is still less than the data series of long-term average (58.4 and 52.4, respectively).
QuHongBin think, new orders index rebound, HSBC manufacturing PMI in purchasing price index rebounded means that CPI and PPI already close to the bottom, recent cement and steel (3679,5.00, 0.14%) prices have rebounded. The fourth quarter is expected to price index may rise modestly. Even so, output gap still is negative, food prices relative stationary decided the inflation pressure mild controlled.
On the demand side, combined with medium (between macro and micro data between enterprise data industry data) data, domestic demand has begun to appear signs of warmer.
Zhejiang merchants securities macroscopic analysts GuoLei think, from medium have data can see demand picks up the clue, including crude steel, cement, asphalt and other areas of quantity price change, and the port container data recovery. The economy has the initiative to inventory and class a recession into passive to inventory and class FuSuQi, so macroscopic level of data transfer is a logical trend.
However, although October new export orders index hit a high five months, but the future is still difficult to the expect too much. Global trade conditions to improve the synchronous drive the Asian exports of synchronous picks up, from September export data can see China Taiwan, Korea, Vietnam, are synchronous sharply rebounded, beyond the seasonal. It is proved that the export picks up and the reason of China's concern is not big. Moreover, China's export future trend still exists a lot of uncertainty. From 2012 autumn Canton fair 1 issue of the case, in addition to the electronic electric appliance etc terminal consumer products, machinery, electrical and building materials capital goods trade is not optimistic. GuoLei think, capital goods export estimation will bottom wandering, or periodic weak recovery. Structural improvement is far from the future.
In GuoLei opinion, four quarter this year and next quarter, the economy will be recovery cycle. And QuHongBin is further points out, in view of the external challenges still lives and labor market is still confined, more stable growth recovery is dependent on the continuation of loose policy.
The data collection time for October 12, - 22, October final data will be released on November 1.
(securities market weekly contributors)