Category Archives: Real Estate

The new world department store was accused of three years in supplier Dun million activities. 河北医科大学教务处

The new world department store was accused of three years in supplier Dun million activity fee hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client new world department store was accused of three years in supplier Dun million shop general activity fee settlement One event succeeds another. Not yet struggling out of the downturn in performance, the new world department store Chongwen stores into the contradiction between zero supply tension. The Oriental world and PR company a responsible person to reflect the Beijing Daily reporter said yesterday that the new world department store in Chongwen stores activities paid more than 200 yuan, some of the money has been in arrears for nearly three years. New world department stores in Chongwen have responded to reconciliation, but it was east of heaven and earth and the PR company denied. This cut, revealing the tangled strife, facing the lonely business situation of the department store industry, high sensitive and unspoken rule is hugely magnified. The contradiction between zero supply and zero supply seems to be a stubborn problem forever. New world department store Chongwen store is the new world department store in China’s star stores, with "60 hours without closing" and other marketing activities, and excellent brand relationship, the store has become a vane of inland Department stores. However, the scenery behind the undercurrent surging. Oriental world and PR company Wang Qing (a pseudonym) to reflect the Beijing Daily reporter, new world department store in Chongwen for nearly three years in the Corporate Events paid more than 200 yuan, including creative planning, design, production fees of 1 million 697 thousand and 400 yuan, 473 thousand and 600 yuan for easy activities. Wang Qing said that several negotiations the two sides end section is not smooth, the new world department store in Chongwen in terms of mutual prevarication, activities involving arrears of 14 activities, 3 of these activities make the contract return, the remaining 11 event contracts remand in Chongwen stores. According to the Oriental and heaven and earth to provide materials, from September 2013 -2015 year in May, Beijing Xixin World Department Store Co. Ltd. (Chongwen New World Department Store), and repeatedly commissioned Eastern promotion. At present, the Oriental world and can only provide with new world department stores Chongwen signed "love spell ping-pong", "the Qixi Festival production schedule service", three copies of the contract and the activities of the new world department store "national VIP linkage" production, and a 2014 annual barter contract. For the king of fine, outstanding and has not yet returned in arrears of contract activities, Oriental heaven and earth also took out activities at the time the contract signed with supplier. Wang Qing said that the two sides began to cooperate in 2008, the early relationship is more harmonious, although the contract and the activities of the delay, but they can smooth the money. Until the last few years, in the new world department store Chongwen store frequent flow of personnel, the contract return speed is more and more slow, activity refund even by shopping malls refused. An insider familiar with the new world department store told the Beijing Daily reporter, Oriental, and long-term cooperation with the new world department stores in Chongwen have some activities, there is also a outstanding situation. As for the reasons, there are clear words, there are also unclear places. Execution is prior to signing a contract

新世界百货遭供应商讨债 被指三年拖欠百万活动费 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端   新世界百货遭供应商讨债   被指三年拖欠百万活动费 商场店总称已和解   一波未平,一波又起。还未从业绩下滑的漩涡中挣扎出,新世界百货崇文门店又陷入零供矛盾的紧张关系里。东方天地人和公关公司一位负责人昨日向北京商报记者反映称,新世界百货崇文门店拖欠活动款200余万元,部分款项已拖欠近三年之久。新世界百货崇文门店方面回应已经和解,但这却被东方天地人和公关公司方面否认。这场剪不断,理还乱的纷争中透露出,面对百货行业落寞的经营态势,敏感的隐疾和潜规则被无限放大。   零供矛盾激化   零供矛盾似乎是一道永远难解的顽固话题。新世界百货崇文门店是新世界百货在华的明星门店,凭借“60小时不打烊”等营销活动,和过硬的品牌关系,这家店一度成为内地百货的风向标。然而,风光背后暗流涌动。   东方天地人和公关公司负责人王晴(化名)向北京商报记者反映,新世界百货崇文门店近三年拖欠该公司活动款200余万元,其中包括创意策划、设计、制作费等169.74万元,活动易货款47.36万元。王晴表示,双方多次交涉结款并不顺利,新世界百货崇文门店方面相互推诿,活动欠款涉及14个活动,其中3项活动制作合同返回,剩余11项活动合同还押在崇文门店。   根据东方天地人和方面提供的材料,从2013年9月-2015年5月期间,北京易喜新世界百货有限公司(新世界百货崇文门店)多次委托东方天地人和做促销、推广活动。目前,东方天地人和仅能提供与新世界百货崇文门店签订完成的“爱情拼乒乓”、“七夕档期制作服务”,以及新世界百货“全国VIP联动”制作的三份活动合同,和一份2014年易货年度合同。对于王晴提出的,未结清又尚未有合同返回的欠款活动中,东方天地人和也拿出了当时活动合作供应商与之签订的合同。   王晴表示,双方从2008年开始合作,早期关系较为融洽,合同与活动款虽有延迟,但都能够顺利结款。直到近几年,在新世界百货崇文门店频繁的人员流动下,合同返回的速度越来越慢,活动回款甚至遭到商场方面的拒绝。   一位熟悉新世界百货的知情人士告诉北京商报记者,东方天地人和与新世界百货崇文门店的确有长期合作关系,部分活动款确实也有未结清的情况。至于其中原因,有说的清也有说不清的地方。   执行先于签合同   一纸合同本是制约、保护合作双方关系、利益的重要文件,但在百货公司与活动服务商“先执行,后签合同”的行规下失去分量。   据一位接近新世界百货的人士透露,新世界百货每月大大小小的活动很多,虽然活动从策划、执行到验收等多环节都有流程规定,但实际操作一般无法按部就班,活动执行前基本来不及走完合同流程。   其实,无论是新世界百货还是合作活动商都有无奈。一场活动,活动商方面需与市场部谈策划和执行,行政部与市场部共同谈判合同。在活动完成后,市场部方面验收活动,行政部方面走合同流程。上述人士表示,新世界百货走合同的流程也颇为复杂,活动费用超过一定数额还需向上海管理公司方面审批。   在这场零供矛盾的纷争中,新世界百货崇文门店总经理刘刚昨日回应称,对于与东方天地人和方面此前的合作合同,商场法务方面并不认同,合作中涉嫌舞弊行为。部分活动项目手续不全,存在很多不确定因素无法界定,这导致部分活动款项未能结清。   对于活动欠款问题,目前,东方天地人和与新世界百货崇文门店方面各执一词。刘刚表示,昨日下午双方已达成和解,东方天地人和方面已撤销仲裁,此前不确定的东西只要再提供证据,欠款就能结清。王晴昨日晚间表示,双方尚未和解,“明日(9月7日)将在律师陪伴下再进行一轮谈判”。   揭开行业隐疾   合作扣点也是这个零售行业的隐疾。据一位资深商业地产圈人士透露,在大型商业企业运营中,市场部是对外洽谈活动的重要部门,面对大大小小的供应商,有时选中的供应商不一定是最合适的,但一定熟悉其中套路。一般合作中,市场部管理层会要求有一定比例的扣点作为合作前提。   上述接近新世界百货的人士也表示,如果一个部门负责人离开,也会牵动曾经供应商的合作关系。人员流动带走的还有关系和利益,后人会重新布置新的利益关系网。   在与新世界百货崇文门店的多次交涉中,王晴表示,新世界百货方面提出她如果能再让出几个点,合同会“好走”很多。不过,这一建议并未最终获得采纳。王晴表示,新世界百货内部相互推诿。据她介绍,现任负责人给出的理由是,合作发生在此前的市场部负责人任职期间,没必要给前任买单。王晴表示,她曾试图联系新世界百货更高层级人员,但对方只是表示,具体工作由门店总经理负责。   北京商报记者昨日致电新世界百货区域相关负责人,但对方并未应答。   对于多次未结款却还在执行活动,王晴给出的解释是,新世界百货会用一些方法,比如这次活动不执行,上次的款项就更不可能结清。在未结款中,新世界百货方面还提出,以场地置换的易货形式抵偿。然而实际执行中,新世界方面常常以无法报批、没有档期为由未兑现承诺。不过,这一说法并未得到新世界百货方面的确认。北京商报记者 刘宇 进入【新浪财经股吧】讨论相关的主题文章:

Comments after compensation, the stock market rebounded rapidly, and then the stock index went up to 上海海洋大学是几本

Comments received: a rebound quickly after the stock index to 2900 points long form of attack does not change – Sohu securities Sohu financial news Tuesday morning, the two cities almost flat open, the Shanghai index opened slightly lower after 0.05%, low volatility, to fill a vacancy, the afternoon stock index fell, accelerated after 13:30 by success, as of the closing stock index closed 2903 the point is down 0.81%, Shenzhen Component Index fell 0.69%, down 1.22% gem. Plate, securities, insurance and other heavyweights callback, the consumer sector and cyclical industry related stock movements rose sharply in early trading, including liquor, oil, steel, nonferrous metals and other rare earth plate good performance; reaching for the stars hat incoming tide, ST active plate; afternoon fried map plate activity, among them, Chongqing, Hainan plate have transaction. Stocks, stocks, two cities more than 800 shares rose, most stocks profit taking, differentiation is obvious. Little logistics, Dongshan precision, TICO fashion, JT shares, Hua Changda, Jiangnan Chemical, rising colored, Suzhou design, Haili metal, allied electronics, Nantong forging, MacLeod shares, deep Wafa A, Maoye communications, sying universal, Tuopai willing, Zhejiang Jinke, Guang Bo shares, Oriental fashion, science intelligent, Chun Hing Seiko, Sichuan Shuangma 50 stock trading, hi tech limit. The spring breeze advisory group pointed out that from today’s disk, although the index showed a state of adjustment, but the IPO performance is very eye-catching, the plate by a few strong stocks led the continuous reaching record highs, the market turbulence become a beautiful scenery, confirmed on Thursday post the time new view: " for dynamic; new plate natural regeneration characteristics of the plate, let each market have the topic of speculation and imagination, where is the direction of sustainable late speculation. " today the market adjustment is still benign range, investors do not get too flustered, the active new monster varieties and new shares is still the key to lock the current state varieties, investors may be appropriate to do more. AVIC Securities believes that today the market is still adjusting benign range, investors do not get too flustered, the active new monster varieties and new shares is still the key to lock the current state varieties, investors may be appropriate to do more. Jufeng investment adviser believes that two city upside resistance down, in the short-term consolidation. On the surface, the virtual reality concept of continuous fermentation, supply side reforms gradually warming, while the rest of the local market but continued hot spots at least here shows that the operability; the message, the gem 10 companies in the delisting crisis, this is one of the reasons or the gem lower today, and this influence, or will continue to gem but throughout history, the delisting, the impact will not be too big; technical index, yesterday gapped upward, facing pressure zone near 3000 point, short-term shocks digestion are normal, while in the gap, short-term also tend to form down, therefore, here in line with the trend of normal logic. In general, Jufeng investment adviser Guo Yiming believes that the recent stock shocks will also focus on the impact of the 3000 point mark, the current policy stimulus, confidence recovered slightly and the operation to enhance the enthusiasm of the present stage.

收评:补缺之后迅速反弹沪指再上2900点 多头攻击形态不改-搜狐证券  搜狐财经讯 周二早盘,两市几乎平开,沪指略微低开0.05%,此后低位震荡,意在补缺,午后沪指在13时30分后加速下跌,补缺成功,截至收盘,沪指收2903点跌0.81%,深成指跌0.69%,创业板跌1.22%。   板块方面,证券、保险等权重股集体回调,消费板块和周期性行业早盘 相关公司股票走势 大幅上涨,其中白酒、油改、钢铁、稀土有色等板块表现不俗;脱帽摘星潮来袭,ST板块活跃;午后炒地图板块活跃,其中,重庆、海南板块纷纷异动。   个股方面,个股方面,两市800多股上涨,多数个股获利回吐,分化明显。皖江物流、东山精密、天创时尚、劲拓股份、华昌达、江南化工、广晟有色、苏州设计、海立美达、新联电子、南通锻压、高乐股份、深华发A、茂业通信、商赢环球、沱牌舍得、浙江金科、广博股份、东方时尚、科大智能、春兴精工、四川双马等50只股票涨停,佛塑科技跌停。   春风顾问团指出,从今日盘面来看,指数虽然呈现调整的状态,但次新股表现则非常抢眼,该板块由几只强势个股率领连续创出历史新高,成为震荡行情一档靓丽的风景,印证了上周四博文中对次新股的观点:"因为次新股板块天然的动态更新特点,让这个板块每次行情都有炒作的话题感和想象空间,也是后期可持续炒作的方向所在。"今日市场的调整还在良性范围内,投资者不好太过慌张,底部启动活跃的新妖股品种以及次新股依然是重点锁定品种,目前状态下投资者可适度做多。   中航证券认为,今日市场的调整还在良性范围内,投资者不好太过慌张,底部启动活跃的新妖股品种以及次新股依然是重点锁定品种,目前状态下投资者可适度做多。   巨丰投顾认为,两市上行遇阻回落,短期迎来整理。盘面上,虚拟现实概念持续发酵,供给侧改革逐步升温,市场虽然休整但局部性热点的延续至少表明此处的可操作性;消息上,创业板10公司陷退市危机,这或是今日创业板走低的原因之一,而这种影响,或将继续创业板的表现,但纵观退市史,这种影响不会太大;技术上,指数昨日跳空上行后,面临3000点附近的压力区,短期震荡消化较为正常,而在缺口下,短期也往往容易形成冲高回落,因此,这里的走势符合正常逻辑。总体上,巨丰投顾郭一鸣认为,股指近期震荡后还将集中力量冲击3000点关口,目前政策刺激、信心稍有恢复以及操作热情提升的当下,阶段性反弹或将延续至"两会"前。至于明日,股指震荡居多,但个股或将卷土重来,逢低继续以个股操作为主。相关的主题文章:

Insider Sino Thai securities IPO and refinancing projects are not affected by the survey 浙江卫视秦原

Informed sources: IPO, Thailand securities refinancing project from investigating the influence of source: WeChat public number China securities "(original title: Naka Taicheng fourth year investigation by the broker, the origin of the new board, the IPO project was not affected by Thailand securities) investigation, 20 companies implicated IPO? Sino Thai securities in the past two days have been plagued by this false rumor. How about the truth? China Securities reporter learned from informed sources, China Securities recently filed by the Commission for investigation, because the alleged violation of the securities and futures related laws and regulations in the new three board market. But the new three board market is not sponsor system, does not apply to sponsor business management measures. Therefore, IPO and refinancing projects are not affected. China Securities Regulatory Commission recently announced that the fourth securities companies in September 1st this year, China Securities Regulatory Commission issued a notice of investigation issued by the Commission on suspicion of violation of securities and futures related laws and regulations, China Securities Regulatory Commission decided to investigate the company on file. Zhongtai securities has become the fourth registered securities broker after Societe Generale Securities, Southwest Securities and Sino German securities since this year. Previously, Societe Generale Securities, Southwest Securities and Sino German securities were filed investigation, the sponsor of the IPO and refinancing projects have been suspended audit. Many media speculated that the securities of China and Thailand were investigated by the SFC, the sponsor of the IPO and refinancing projects will be suspended audit. However, Societe Generale Securities, Southwest Securities and securities project was suspended audit, the cause is in violation of the sponsor of the project "the issuance of securities listed on the sponsor business management measures" provisions of article seventieth of the sponsor, the sponsor representative because of alleged illegal business sponsor in the investigation period, Chinese Commission will not be accepted by the sponsor recommended; they will not accept the relevant sponsor representative responsible for the recommendation. Obviously, the securities and Securities Commission was investigated by the Commission for the reasons for the "three new board" market, and the new three board listing and market making are not directly related to the sponsor business, therefore, does not apply to the securities issuance and listing sponsor business management measures. A number of people familiar with the situation confirmed the judgment. Informed sources said that the Sino Thai securities investigation is indeed because the new three board market making business, the current sponsor of the IPO project and refinancing project is normal. Registration investigation and investment banking projects have been suspended can not be equated, it is worth mentioning that, at present, the community has been in the subconscious will be "SFC investigation" and "sponsor project termination audit" linked, which has seriously affected the normal investment banking business. For example, the relevant departments of China and Thailand securities recently received a large number of media and investment bank project inquiries, causing unrest. In fact, with the securities company’s business diversification, innovation project is complicated, the investigation by the SFC is not an individual phenomenon, but only the sponsor of the project is to initiate an investigation, it is only a securities company is a criminal investigation, the sponsor of the project of the affected joint. The industry therefore called for the relevant departments in the securities companies issued a notice of investigation, should specify whether the sponsor business, in order to stabilize the relevant IPO projects and refinancing projects. Of course, the securities companies on investigation should also respond positively to social concerns. For example, in November 27th last year, a large securities company in Beijing

知情人士:中泰证券IPO、再融资项目不受调查影响 文章来源:微信公众号“券商中国”(原标题:中泰成今年第4家遭立案调查券商,缘起新三板, IPO项目未受影响)中泰证券被立案调查,20家公司IPO受牵连?近两日的中泰证券饱受这一不实传言困扰。实情如何呢?券商中国记者从知情人士处获悉,中泰证券近日被证监会立案调查,原因是涉嫌在新三板做市中违反了证券期货相关法律法规。但新三板做市并非保荐制,不适用保荐业务管理办法。因此,IPO、再融资项目未受影响。成今年第四家被立案调查券商中泰证券近日公告称,该公司在今年9月1日收到证监会出具的调查通知书,因涉嫌违反证券期货相关法律法规,中国证监会决定对公司进行立案调查。中泰证券成为今年以来继兴业证券、西南证券、中德证券后第四家被立案调查的券商。此前,兴业证券、西南证券和中德证券被立案调查后,其保荐的IPO和再融资项目纷纷被中止审核。不少媒体猜测,中泰证券此次被证监会立案调查后,其保荐的IPO和再融资项目也会被中止审核。不过,兴业证券、西南证券和中德证券项目被中止审核,起因均是保荐项目违反了《证券发行上市保荐业务管理办法》第70条的规定——保荐机构、保荐代表人因保荐业务涉嫌违法违规处于立案调查期间的,中国证监会暂不受理该保荐机构的推荐;暂不受理相关保荐代表人具体负责的推荐。很显然,中泰证券此次遭证监会立案调查的原因是“新三板做市”,而新三板挂牌和做市均和保荐业务无直接关系,因此也不适用《证券发行上市保荐业务管理办法》。多位知情人士证实了这一判断。知情人士称,中泰证券被调查确实是因为新三板做市业务,目前其所保荐的IPO项目和再融资项目一切正常。立案调查和投行项目被中止不能划等号值得一提的是,目前社会各界已在潜意识里将“遭证监会立案调查”和“保荐项目终止审核”挂钩,这已严重影响到投行业务的正常进行。比如,中泰证券相关部门近日接到大量媒体和投行项目方询问,引发各方不安。实际上,随着证券公司业务多元化,创新项目复杂多变,被证监会立案调查已不是个别现象,但只有保荐项目被立案调查,才是唯一一个证券公司被立案调查,其保荐项目连带受影响的情况。业界因此呼吁,相关部门在给证券公司下发的立案调查通知书中,应该列明是否涉及保荐业务,以稳定相关的IPO项目和再融资项目方。当然,被立案调查的证券公司也应该积极回应社会关注。比如,去年11月27日,北京某大型证券公司收到中国证监会调查通知书,因公司涉嫌违反《证券公司监督管理条例》相关规定,中国证监会决定对公司进行立案调查。3日后,该公司积极发布公告:经核实,本次调查的范围是本公司在融资融券业务开展过程中,存在违反《证券公司监督管理条例》第八十四条“未按照规定与客户签订业务合同”规定之嫌。可见,被立案调查和投行项目被中止并不能划等号,而且及时回应十分必要。股市早报,投资前瞻,涨停预测,牛股捕捉,尽在微信号【凤凰证券】或者【ifengstock】盘后剖析A股走势,指点明日走势,请关注微信号【复盘大师】或【fupan588】相关的主题文章:

China and the United States central bank assets and the total amount of money contrast is worth stud 血浓于水的意思

The two countries central bank assets and total amount of money is worth studying the huge contrast Sina Financial e (WeChat public No.: sinaeguancha) columnist Wang Yongli for a long time, many people put the central bank to expand the scale of assets (base money) mechanical sense money total will grow exponentially, but forget the total base money and money and monetary multiplier! Since the end of 2008 the global financial crisis, the Central Bank of the United States (FED) assets rapid scale expansion (from the end of 2008 to $about 900000000000 to expand to about 2012 since the $4 trillion and 500 billion expanded to about 5 times), was once widely criticized as "irresponsible full capacity to print money, but the amount of money actually and not as people imagine multiple expansion. The size of China’s central bank did not expand as fast as the Fed did (compared with 2007 by the end of 2014, about 70% by the end of the year). In 2015, the size of the central bank assets decreased, but the total amount of money in China became the fastest growing major economy in this period (from 2007 at the end of 40 trillion to 2015 yuan by the end of 139 trillion, expanding more than 3 times). However, there is such a huge contrast between the central bank assets and the total amount of money in China and the United States, which has not attracted enough attention and studied seriously for a long time, and learned from experience and lessons. For a long time, many people think that the expansion of the central bank asset scale (basic money) is understood as the total amount of money will inevitably grow exponentially, but forget that there is a monetary multiplier between the base money and the total amount of money! The Fed’s quantitative easing policy after the crisis, the crisis is actually a large amount of international capital from commercial banks to buy government bonds and bank deposit based on (hedging), and commercial bank loans shrink, expand cash reserves, make a market liquidity dried up, and the central bank asset passive expansion. In this case, the central bank will not expand the investment, the financial market is likely to collapse! In this case, although the central bank hype printing money, the money multiplier is not improved, the growth of monetary aggregates sharply as natural as people think! At that time, the situation is completely different Chinese after the crisis, a large number of international capital flows Chinese, central banks to curb the appreciation of the renminbi, passively buying foreign exchange, base money, plus the government push for stimulus policies than on bank loans, the money multiplier is greatly improved, the rapid expansion of monetary aggregates is inevitable! Since the crisis, China and the United States monetary policy and policy results of the great contrast, which implies a profound philosophy, it is worth careful study! (the author introduces: music as the financial CEO, former vice governor of China Bank), this paper is the author authorized sina finance use, please do not reprint. The statements made do not represent the views of the station.

中美两国央行资产及货币总量巨大反差值得研究   文 新浪财经金融e观察(微信公众号:sinaeguancha)专栏作家 王永利   长期以来,很多人把央行资产规模的扩张(基础货币的投放)机械地理解为货币总量就必然会成倍的增长,却忘了基础货币和货币总量之间还有个货币乘数!   2008年底全球金融危机爆发以来,美国央行(美联储)资产规模快速大规模扩张(从2008年底9000多亿美元扩大到2012以来的4.5万亿美元左右,扩大了约5倍),一度也被世人广泛诟病为“不负责任开足马力印钞票”,但其货币总量实际上并没有像人们想象的那样成倍的扩张。   而中国央行资产规模并没有像美联储那么快的扩张(相对于2007年底,2014年底大约扩大了70%。2015年央行资产规模有所减少),但中国货币总量成为这一时期货币总量扩张最快的主要经济体(从2007年底的40万亿元扩大到2015年底的139万亿元,扩大了3倍以上)。   但是,中美两国央行资产与货币总量出现如此巨大的反差,很长时间内并没有引起足够关注、认真研究,并吸取经验教训。   长期以来,很多人把央行资产规模的扩张(基础货币的投放)机械地理解为货币总量就必然会成倍的增长,却忘了基础货币和货币总量之间还有个货币乘数!   美联储在危机后推出量化宽松政策,实际上是基于危机后大量国际资本从商业银行转而购买国债和存放央行(避险),加之商业银行收缩贷款,扩大现金储备,使市场流动性一下子趋于枯竭,并使央行资产被动扩张。   在这种情况下,央行不出面扩大投放,金融市场完全可能崩溃!而在这种情况下,尽管央行“开足马力印钞票”,货币乘数却没有提升,货币总量自然不像人们想象的那样大幅增长!   而当时中国的情况完全不同,危机后大量国际资本流入中国,央行为抑制人民币升值,被动购买外汇,投放基础货币,再加上政府大力推动刺激政策,银行比着放贷款,货币乘数大幅度提高,货币总量必然急速扩张!   危机以来中美两国货币政策和政策结果的巨大反差,其中隐含着深刻的哲理,非常值得认真研究!   (本文作者介绍:乐视金融CEO,前中国银行副行长)   本文为作者独家授权新浪财经使用,请勿转载。所发表言论不代表本站观点。相关的主题文章:

but narrowed compared with last month. Due to the impact of the Spring Festival 深圳大学内部网

Boshijijin Wei Fengchun: let fly optimistic about the five big market rebound Fund Channel – a week after the holiday, A shares are subject to external shocks during the festival opened lower after a steady rebound, the main stock index rose. Among them, small and medium-sized stock index rose larger, partial stock index rose slightly smaller, of which the CSI 500 rose 5.6%, leading the other indexes. Market style differentiation is obvious, small and medium, high valuation and light asset style gainers, big market, underestimate value and heavy asset style increase is small. Large categories of industries, technology and cyclical plate leading, consumption growth in the middle, financial and real estate rose in the post. Overseas economy: large class assets show that risk preferences tend to improve. Do not rule out the stage of European monetary policy differentiation may appear to converge: the Fed’s March interest rate hike, the superposition of Europe and Japan in March may loose overweight, and this situation is very similar to 15 years at the end of September -10 month: the fed in September at the same time, halt the troops and wait, Europe at the end of easing is expected to increase. The reason was very similar to the current one: the RMB exchange rate unexpectedly depreciated, and the oil price plummeted. Domestic economy: the bright spot in the numbers comes from the huge expansion of credit in January. We believe that the main driving is steady growth, rather than credit demand or foreign exchange; market last week reacted positively, but the credit need to closely track the subsequent performance. Another concern is that the manufacturing industry, or in the case of policy overweight appear steady recovery momentum. In January, PPI fell by 5.3%, but narrowed compared with last month. Due to the impact of the Spring Festival, manufacturing activity should be slowed down, but manufacturing PPI performance is still improved, manufacturing sector has stabilized recovery momentum, the future of the recovery is sustained remains to be seen. In other public opinion, the government’s media control and content review may be further tightened. SFC leadership change, historically bullish overall performance of A shares. Put into operation, trend continue to be optimistic about this week’s rally, for several reasons, 1, overseas risk appetite; 3, to further reduce the pressure on the exchange rate; 3, market sentiment began to recover; 4, the Commission will stimulate short-term market changes. Industry sees light manufacturing, computers, electronic components, media and coal.

博时基金魏凤春:让反弹飞 看好五大行情-基金频道   节后一周,A股受节日期间外围冲击低开后稳步反弹,主要股指普遍上涨。其中,中小盘股指涨幅较大,偏大盘股指涨幅稍小,其中中证500上涨5.6%,领涨其他指数。市场风格分化明显,中小盘、中高估值与轻资产风格涨幅居前,大盘、低估值与重资产风格涨幅较小。大类行业方面,科技与周期板块涨幅领先,消费涨幅居中,金融地产涨幅居后。   海外经济方面:大类资产显示风险偏好趋于提升。不排除阶段性出现欧美货币政策分化出现收敛的可能:美联储3月不加息,叠加欧日3月可能加码宽松,这就与非常类似15年9月底-10月的情形:美联储9月按兵不动,于此同时欧日年底宽松预期加大。其原因当时与当前亦十分类似:人民币汇率意外贬值,及油价暴跌。   国内经济方面:数字上的亮点来自1月信贷巨幅扩张。我们认为其主要驱动是稳增长,而非信贷需求回暖或者外债置换;市场上周对此反映积极,但信贷后续表现需要密切跟踪。另值得关注的是,制造业或在政策加码的情况下出现企稳复苏的势头。1月份PPI同比下降5.3%,但相比上月下降幅度有所收窄。由于受到春节的影响,制造业活动理应有所放缓,但制造业PPI的表现依然有所改善,显示制造业有企稳复苏的势头,未来复苏是否具有持续性仍需观察。   其他舆情方面,政府在传媒方面的管制、内容审查可能会进一步收紧。证监会领导更换,从历史来看总体利多A股表现。   落实到操作上,大势上继续看好本周反弹,基于几点理由,1、海外风险偏好回升;3、汇率压力进一步减轻;3、市场人气开始恢复;4、证监会人事变动会刺激短期市场表现。行业看多轻工制造、计算机、电子元器件、传媒和煤炭。相关的主题文章: