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Foods & Culinary

Comments overseas consumer sales of a new high supply side reforms at the right time 袁东操博客

Comments: overseas consumer sales of a new high supply side reforms at a time when foreign consumer sales of a new high, the supply side reform at a time when today is the 7th day of the first month of the Chinese lunar calendar, the majority of workers all over the Spring Festival holiday, and return to work post. During the Spring Festival, more than 600 nations people choose overseas Chinese new year, although there is no relevant data, but not surprisingly, during the Spring Festival holiday in total in overseas consumption will continue to maintain growth momentum. In addition, according to the Ministry of commerce data show that in 2015, Chinese tourists spending about 1 trillion and 200 billion yuan overseas, continue to maintain the world’s major tourism consumer groups title. It can be said that Chinese tourists are completely worthy of the name of "walking red packets". In 2015 China overseas tourists reached 120 million passengers, but compared China current population of less than 7% of the passport has China overseas travel rate, the future is still huge potential. Despite the slight devaluation of the RMB exchange rate at the beginning of 2016, the enthusiasm of Chinese people to travel abroad and consume is not diminished. In 2015, Chinese consumers consumed 116 billion 800 million dollars of global luxury goods, and the Chinese bought 46% of the luxury goods all over the world. Of these, 91 billion dollars occurred in foreign countries, accounting for 78% of the total. The cause of this situation lies in the price gap, data show that the average price of liquor products up to 64%, the highest price reached 85%; the average price of 33% watches, the highest price of 83%. And consumers often buy clothing, perfume, bags, cosmetics and leather shoes, the price difference is below 30%. The strength of Chinese consumers is changing the world, whether it is outbound travel or overseas consumption (including "sea Amoy"). "China manufacturing" (M ade inChina) for Chinese manufacturing "(M adeforChina), Chinese demand for high-end consumer durable goods, showing a sustained growth trend. For the world, the Chinese market has become increasingly important, for China, relying on consumption and dissemination of China’s voice is also increasingly loud and clear. Taking overseas travel during the Spring Festival as an example, more and more countries begin to pay attention to the Spring Festival in order to attract Chinese tourists. Due to the advantages of domestic prices and services, the attraction of foreign countries is increasing, and international exchanges with consumption as a link are becoming more and more important. A series of scandals in overseas consumption have become the focus of international and domestic, and also played a "extensive education" function. On the whole, the quality of overseas tourists in China has also begun to improve. For the Chinese government and enterprises, the overseas consumption of the record of high innovation, not only exciting, but also a trace of regret. Exciting is that Chinese tourists strong spending power, that Chinese has remarkable economic growth potential, consumption engine can worthy of great regret; lies in the toilet lid, bags, pan and other daily necessities, and tourism, shopping, because the obvious gap between the domestic and international quality and price, more and more people are more willing to choose to go abroad for consumption. Today, the consumer market more and more respect the law, quality and price competition has become the most crucial factor; on the contrary, on foreign goods

评论:境外消费额再创新高 供给侧改革正当其时   境外消费额再创新高,供给侧改革正当其时   今天是农历正月初七,大部分上班族都结束了春节假期,并重新回归岗位开始工作。春节期间,超过600万国人选择在境外过年,尽管还没有相关的数据公布,但不出意料,春节假日期间国人在境外消费的总额将会继续保持增长态势。此外,据商务部的数据显示,2015年中国游客在境外消费约1.2万亿元,继续保持世界主要旅游消费群体称号。可以说,中国游客完全无愧于“行走的红包”这一称呼。   2015年中国境外游客达到1.2亿人次,但相比中国目前人口不足7%的护照拥有率,未来中国境外出行的潜力依旧巨大。尽管2016年伊始,人民币汇率出现小幅贬值,但是国人境外出行、消费的热情丝毫不减。2015年中国消费者全球奢侈品消费达到1168亿美元,全年中国人买走全球46%的奢侈品。这其中,910亿美元在国外发生,占到总额的78%。造成此种状况的原因主要在于价格差距,数据显示,酒类产品平均价差高达64%,最高价差达85%;腕表平均价差33%,最高价差83%。而消费者常买的服装、香水、箱包、化妆品和皮鞋,价差都在30%以下。   无论是境外出行还是境外消费(包括“海淘”),中国消费者的力量正在改变世界。“中国制造”(M ade inChina)在转变为“为中国制造”(M adeforChina),国人对于高端耐用消费品的需求,呈现出持续增长的态势。对于世界来说,中国市场越发变得重要,对于中国来说,依靠消费传播的中国声音也越来越洪亮。以春节期间的境外出行为例,越来越多的国家为了吸引中国游客,开始重视春节。由于相对于国内价格、服务上的优势,境外的吸引能力不断增加,以消费为纽带的国际交流越来越重要。境外消费中出现一系列丑闻,在成为国际国内焦点的同时,也起到了“广泛教育”的功能。总体上,中国境外游客的素质也开始不断提升。   对于中国政府、企业来说,境外消费额的屡创新高,既让人颇感振奋,又存有一丝遗憾。振奋之处在于,中国游客强大的消费力,表明中国经济拥有值得瞩目的增长潜力,消费引擎完全可以堪当大任;遗憾之处在于,马桶盖、箱包、炒锅等日常生活用品,以及旅游接待、购物消费,因为国内外质量和价格的明显差距,越来越多的国人更愿意选择走出国门进行消费。   在今天,消费越来越尊重市场定律,质量与价格的比拼成为最关键的因素;相反,洋货和国货的概念已经逐渐模糊。人们在消费时,对于中国制造并不会特别青睐,趋于理性的消费者最敏感的是价格和质量。尤其伴随中国城市中产群体的不断扩大,越来越多的中产阶级家庭,更愿意选择高质量的耐用品,对此,中国制造似乎往往只能拱手让出市场,缺乏基本的竞争力。   中央提出的“供给侧改革”颇具现实意义。在继续以高投资作为经济增长引擎的策略必须扭转的背景下,必须迅速淘汰政府保护下的落后企业,以市场的方式消除大量只能制造低端劣质商品的企业,同时鼓励研发投入,支持创新,通过简政放权、税制改革,推动中国制造的加速升级。在市场的竞争中,只有中国企业能够越来越规范,不断提升产品和服务质量,才能将异常火爆的境外游客和境外消费部分截留。   全球制造商、服务商都在研究中国消费者的偏好。对于中国企业来说,优势是不言而喻的,毕竟可以更近距离地获取消费者注意;但与此同时,在不断开放的今天,中国企业也面临更加严峻的竞争形势。假如中国制造继续以低端低价物品的形象出现,未来中国企业的竞争力将会进一步下降,未来中国的经济增长也会后劲不足,未来中国消费者所需付出的成本也会更大。   无论是2015年中国境外消费总额的再创新高,还是春节期间持续火爆的境外出行,还是热度不减的海淘代购,都展示出危险与机遇的双面性。如何在危险中捕捉机遇,或是在机遇中规避风险,这都是中国制造在未来想要再上一个台阶所必须考虑和完成的。让市场定律自由发挥,让自己退回监管者的位置,向市场放权的同时构造严密的监督体系,这是危机和机遇面前政府应该做出的必要动作。就此而言,供给侧改革可谓正当其时,未来亦值得期盼。 进入【新浪财经股吧】讨论相关的主题文章:

Ten pilot projects of state owned enterprises reform have been published or launched in the second b 中国护士之歌

Ten large state-owned enterprise reform pilot program today announced the start of the second batch of pilot or morning news reporter Cao Xijing according to several media reports, the SASAC official confirmed today publicly ten reform program, and vigorously promote the reform of state-owned enterprises. As the echo, two tourism industry of the central enterprises, China CITS group and CTS group announced restructuring, if the completion of the merger, the new company is expected to become the number one tourist group, the transaction will hit a record of domestic tourism industry mergers and acquisitions. To tackle tough multi flowering "in 2016, the urgency of the reform of state-owned enterprises reform would also be a hitherto unknown, it is worth looking forward to." SASAC Research Center Director Chu Xuping in 23, the SASAC held the "state owned enterprise reform seminar said that with the" on deepening the reform of state-owned enterprises guidance "to lead, a number of documents to support the" 1+N "file system formed, the reform of state-owned enterprises in 2016 will enter the" policy implementation ", the board of directors selection operation management, advance authorization pilot and a number of major initiatives floor will make substantial progress. SASAC Deputy Secretary General Peng Huagang also said: "this year, the reform of state-owned enterprises should adhere to the pilot first, focusing on the problems of ten reform carried out"." According to the previous plan, including ten reform: the terms of the implementation of the board, the market hiring managers, the implementation of occupation manager system, salary distribution difference, reform of state owned operating company capital investment, merger and reorganization of central enterprises, an important part of the field of mixed ownership reform, mixed ownership ESOP, the state-owned enterprise information disclosure well, stripping corporate social functions and solve historical issues such as the pilot. These are the implementation of last September issued "on deepening the reform of state-owned enterprises guidance" of the relevant requirements, testing the water for many difficult areas of SOE reform. SASAC hopes to make a breakthrough and consensus through pilot, more flowering, to promote institutional innovation. Analysts said the release of the "ten reform", or will start the second batch of pilot reform of state-owned enterprises. To promote mergers and acquisitions mixed coincidentally, the evening of 23, Chinese CITS, CTS logistics announcements made their confirmation of controlling shareholders and actual controllers of China International Travel Service Group is planning a strategic restructuring, the restructuring plan has not yet been determined, determined after the program still need to obtain approval of the relevant authority. This means that, after being widely concerned, China CITS group merger will take place. Yesterday, Huamao logistics trading, Chinese CITS rose over 7%. The industry believes that the two groups only exist in the same competition travel agency business, the future China Travel Agency assets into the Chinese cits. The reorganization of listed companies short-term impact is limited, but the central enterprises mixed change or will restart. This year the central enterprises to accelerate the restructuring. In February 18th, the China National Pharmaceutical Group Corp owned by Tiantan biological announced the suspension due to major issues, but the company did not notice the specific reasons for the suspension. On the same day, belong to Chinese Pharmaceutical Group Sinopharm shares also announced the suspension of large shareholders, disclosure last night will be postponed to March 11, 2017 delivered a year. However, the Chinese medicine group’s two other listed companies on

国企改革十大试点方案今公布 或启动第二批试点   晨报记者 曹西京   据多家媒体报道,国资委相关人士证实,今天公开十项改革试点方案,大力推进国企改革。   作为呼应,两大旅游行业的央企——中国国旅集团和港中旅集团宣布将重组,若合并完成,新公司有望成为国内头号旅游集团,此次交易也将创下国内旅游业的并购纪录。   攻坚克难 多点开花   “2016年,国企改革的迫切性前所未有,改革探索也将十分值得期待。”国资委研究中心主任楚序平在23日国资委举办的“国企国资改革研讨会”上表示,随着以《关于深化国有企业改革的指导意见》为引领、若干文件为配套的“1+N”文件体系基本形成,国企改革2016年将步入“政策落实年”,董事会选聘经营管理层、推进授权试点等一批重大举措落地将迈出实质性步伐。   国务院国资委副秘书长彭华岗也表示:“今年国企改革要坚持试点先行,围绕重点难点问题开展‘十项改革试点’。”根据此前规划,十项改革试点包括:落实董事会职权、市场化选聘经营管理者、推行职业经理人制度、企业薪酬分配差异化改革、国有资本投资运营公司、中央企业兼并重组、部分重要领域混合所有制改革、混合所有制企业员工持股、国有企业信息公开,以及剥离企业办社会职能和解决历史遗留问题等试点。这些都是落实去年9月颁布的《关于深化国有企业改革的指导意见》 相关要求,对国企改革的诸多难点领域进行试水。国资委希望通过试点方式取得突破和共识,多点开花,以点带面,推进体制机制创新。   分析人士称,“十项改革试点”的发布,或将启动第二批国企改革试点。   兼并重组 混改推进   巧的是,23日晚,中国国旅、华贸物流齐发公告,各自确认控股股东国旅集团和实际控制人港中旅正在筹划战略重组事宜,重组方案尚未确定,方案确定后尚需获得有关主管部门批准。这意味着,此前被广泛关注的国旅集团、港中旅合并一事即将成行。昨天,华茂物流涨停,中国国旅涨幅一度超7%。业界认为,两家集团只有旅行社业务上存在同业竞争,未来港中旅旅行社资产或注入到中国国旅。重组短期对上市公司影响有限,但央企混改或将重新启动。   今年央企重组加快。2月18日,中国医药集团总公司旗下的天坛生物宣布因重大事项停牌,但公司并未公告停牌具体原因。同日,同属中国医药集团的国药股份也宣布停牌,昨晚披露大股东将延期履诺一年至2017年3月11日。不过,国药集团旗下另外两家上市公司国药一致和现代制药因国药集团拟筹划重大事项已从2015年10月21日停牌至今,重组框架基本成形。此前的1月25日,中国建筑材料集团与中国中材集团旗下的共12家A股上市公司及2家H股上市公司均公告涉及重组。   市场人士指出,2016年从央企到地方国企重要领域和关键环节的改革有望取得更多实质性进展,预计旨在转向“管资本为主”的国有资本投资与运营公司试点在各个地方层面也会展开,这些平台系公司也将成为国企改革主题投资中的重中之重。 进入【新浪财经股吧】讨论相关的主题文章:

Now the stock is not cheap also should wait for the cheapest time 情非得已的意思

Now the A shares are still not cheap also should wait for the cheapest when Sina Level2:A shares of sina finance client speed Kanpan: the most profitable investors are now A shares are still not cheap now and then need to do things that are cheap. The He Zhichong foundation | value investment is that the fluctuation of stock price in the vicinity of the value of the company. Only in this way can value investors buy stocks at a price lower than the company value and sell stocks at a price higher than the value. It’s easy to say in theory, but it’s not easy. "Market man" is often more prone to be optimistic or pessimistic in some periods, which makes the market price deviate from the value of the majority of investors to the definition of "near". Take A shares as an example, in 2015, the Shanghai composite index opened at 3258.63 points, all the way up to the highest 5178.19 points, and finally closed at 3539.18 points, the annual amplitude of up to 71.95%. In 2015, domestic economic growth continued to decline slightly, the listed company’s 2015 annual report performance growth expected to be -1%. In other words, the volatility of the market in 2015 was largely due to the mood of "Mr. market". The master and the dog German investment guru Andre · wonderful metaphor kosztolanyi on the economy and the stock market in the works of "money game": "there is a man with a dog for a walk in the street, the dog ran to the front, and then back to the owner side. Sometimes it falls behind the owner. Then he ran to the front and saw himself running too far and back again. All the way, the dog goes back and forth. Finally, both of them arrived at the end of the journey, and the man walked a kilometer leisurely, while the dog walked four kilometers. Man is the economy, and the dog is the stock market." From another point of view, the dog is the stock price, and the owner is the value of the listed company. If you want to know where the dog will go? So, should you focus on the owner or the dog? In my view, the first is to study the master, because the owner has a sense of direction and destination, so its trajectory is relatively clear, easy to identify. On the basis of the study of the master, consider the distance between the dog and the owner, make full use of this distance. A shares in the past 10 years of historical valuation, after 2014 – 2015 rise, gem earnings ratio reached 150 times the highest, even after the continued decline since June 2015, the current price earnings ratio (PE_TTM) is still up to 76.24 times. Compared with the same period in history, the valuation is at a higher level is not only the gem and small plates, and all the A shares in Shanghai and Shenzhen 300 compared with the long-term consolidation of the first half of 2014 – 2011 is not low, as shown in Figure 1: down to 7% GDP growth in 2015, the decline in the background of macroeconomic growth. A shares, Shanghai and Shenzhen 300, small plates, the GEM companies in 2015 three quarter net profit growth of 0.77%, respectively -0.10%, 15.48% and 25.13%. Price earnings ratio is divided by profit theory

现在的A股还是不便宜 还应该等待最便宜时候 新浪财经Level2:A股极速看盘 新浪财经客户端:最赚钱的投资者都在用   现在的A股还是不便宜   现在及接下来需要做的事情就是等便宜。   文|何志翀   价值投资的根基在于股票价格在公司的价值附近波动。只有这样,价值投资者才可能以低于公司价值的价格买入股票,以高于价值的价格卖出股票。理论上说着容易,但实操上并不容易。   “市场先生”经常在某些时期更容易受乐观或悲观的情绪所左右,这使得市场价格对于价值的偏离幅度会超出大部分投资者对“附近”的界定。   以A股为例,2015年上证综指以3258.63点开盘,一路上涨至最高5178.19点,最后以3539.18点收盘,全年振幅高达71.95%。而2015年国内的经济增速继续小幅下滑,上市公司2015年报业绩增速预期为-1%。   换句话说,2015年的市场大幅波动绝大部分是由于“市场先生”的情绪所左右。   主人与狗   德国投资大师安德烈·科斯托拉尼在其著作《金钱游戏》中对经济与股市的绝妙比喻:“有一个男子带着狗在街上散步,这狗先跑到前面,再回到主人身边。有时候却又落在主人后面。接着,又跑到前面,看到自己跑得太远,又折回来。整个过程,狗就这样反反复复。最后,他俩同时抵达终点,男子悠闲地走了一公里,而狗走了四公里。男子就是经济,狗则是证券市场。”   换个角度理解,狗是股价,主人则是上市公司的价值。如果你想知道狗会去哪里?那么你应该重点研究主人还是狗?   在笔者看来,首先是要研究主人,因为主人是有方向感和目的地的,因此其运行轨迹较为清晰,易于识别。而在对主人的研究基础上,再考虑狗与主人之间的距离,充分利用这个距离。   以A股近10年的历史估值来看,经过2014—2015年的上涨,创业板市盈率最高曾达到150倍,即便经过2015年6月以来的持续下跌,目前市盈率(PE_TTM)仍高达76.24倍。而与历史同期相比,估值处于较高水平的并不仅是创业板和中小板,全部A股和沪深300相较长期盘整的2011—2014上半年而言也不低,如图1所示:   2015年GDP的增速回落至7%,在宏观经济增速下滑的大背景下,A股、沪深300、中小板、创业板企业2015年三季度净利润同比增速分别是-0.10%、0.77%、15.48%和25.13%。   市盈率为股价除以利润。从公式推导来看,在业绩增速几乎为零的情况下,全部A股的估值要回到合理水平的唯一途径只有股价下跌。而即便考虑创业板有25%的业绩增速,其预期市盈率也维持在60倍上方,依然高估,同样需要通过股价下跌修正估值水平。   预期与现实   投资过程中客观的问题是,当现实依旧而预期发生变化之时,我们如何去面对?   首先我们需要承认股市在绝大部分情况下,预期总是跑在现实的前面。   在此市场环境下,如果恪守需要先有业绩兑现,然后再进行投资,这种策略显然是后知后觉。这将错失大部分投资机会,甚至可能最终的结果是亏损。   其次是要合理的将影响市场价格的预期进行归类,并分析。   格雷厄姆将影响市场股票价格的因素归为两类:投机和投资。投机因素是造成市场混乱的原因之一,包括技术性、操纵性以及心理性的市场交易。投资因素包括经济环境、竞争环境、公司经营管理等影响公司未来销售和利润前景的事件,货币政策、资金成本等影响资产定价的事件等。   投资因素就是未来价值因素。价值投资者大部分时候是基于未来价值的预期与当下市场价格之间的预期差获得超额收益。当然,基于未来价值进行投资在某种程度上就是一种试错交易。既然是试错交易,因此其遵循“先行交易——观察求证——对了坚持,错了纠错”的流程。   两类因素在市场中共同作用于股票价格,主方向是由未来价值所决定,但在股价运行的整个过程中两类因素却在不同阶段交替起着关键性作用。形象地说,投资因素与投机因素就是主人与狗的关系。   本轮下跌的理性与非理性   2015年6月至今,上证综指累计跌幅高达43.8%,历经三波千股跌停潮。市面上有各种报道,分析造成股灾的原因。其归结下来主要将矛头指向了融资去杠杆、大小非减持、期现联动恶意做空、金融监管、熔断机制、汇率波动、经济及上市公司业绩增速预期下滑、散户交易群体的羊群效应等。   笔者并非不认同上述造成股灾的原因,但是有一个问题值得思考:5178点之后的上证综指是继续上涨理性,还是下跌更理性?   不辩自明,显然5178点之后的下跌更理性。只是理性的下跌过程中遭遇了上述种种因素,结果导致市场以非理性的方式下跌。   就本质而言,本次非理性的下跌只是一个“果”,重要的“因”是前面有非理性的上涨。要想根治股灾,就要破除国内A股单向做多的机制。与此同时,监管层也要有一些定力让市场以自己的方式去解决问题。   辩证看待本轮下跌的理性与非理性之后,再来谈谈当下及未来。   非理性的下跌方式会使得投资者情绪偏悲观,导致愿意出手买入股票的投资者可能更少。基于此,或许可以借助本轮下跌出现一个估值水平较低的价格。   截至1月15日,全部A股的市盈率为18.68倍,剔除银行后的全部A股市盈率为30.57倍。而在2014下半年上涨之前,全部A股和剔除银行后的A股市盈率维持在10—13和15—20区间,即便考虑货币政策及全社会资产配置的方向发生变化,加之2015全年业绩增速预期为零,因此目前A股的估值也并不便宜。   既然如此,现在及接下来需要做的事情就是等便宜。   (作者系杭州嘉澳投资管理有限公司风控总监) 新浪声明:此消息系转载自新浪合作媒体,新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章:

German media last year China investment in Europe to record 70% from state-owned enterprises 东方故事乡试

German media: last year Chinese investment in Europe record from 70% state-owned U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes China foreign investment warrants (pictures from the German voice website) reference news network February 16 daily moral media said, the German Mukato (MERICS China Research Center) and the United States Rongding consulting firm (Rhodium Group) a new report shows that in 2015 China to Europe to invest 20 billion euros (about 145 billion 500 million yuan), a record, of which 70% of the investment from state-owned enterprises. In the next 5 years, China is expected to invest 200 billion dollars overseas annually. According to the German voice radio website on February 15th, the report said that China’s investment strategy towards Europe is now changing. Nevertheless, China’s three largest investment countries in Europe are still Germany, France and the United kingdom. But buyers from China now find the treasure trove of southern Europe and Southeast europe". So almost every EU country had bilateral economic ties with Beijing last year. On the other hand, China is trying to use Eastern Europe as an economic zone through the "16+1" cooperation program with central and Eastern European countries. The survey also shows that China’s investment has become increasingly widespread. China buyers dabble range: from Pirelli tire giants (Pirelli), in Germany on the highway runs hundreds of gas station and service station "Tank und Rast", to the agricultural company KTG. The Chinese government hopes to increase investment in German research and high-tech enterprises by the "industry 4" theme fund. In addition, recently, Chinese bidders have received a number of infrastructure projects in Europe, including the acquisition of Romania’s power plants, Spain’s rail projects, and nuclear power plants in the uk. Although China’s economic growth is slowing, the trend of increasing investment in Europe will continue. Chinese Premier Li Keqiang has announced that China’s foreign investment is expected to reach 1 trillion US dollars (about 6 trillion and 500 billion RMB) by 2020. Expert Hu Mikong Chinese Research Institute of Berlin (Mikko Huotari) said the Mercator Reuters reporter, "however, in view of China government crackdown on capital flight, many investors China debt, 2016 also has some risks, but it does not change, China enterprise continues its internationalization strategy. According to Hongkong’s "South China Morning Post" website reported on February 15th, as commodity prices fell, and China plans to implement the "China manufacturing 2025", promote the development of high-end equipment industry, hot Chinese enterprises overseas mergers and acquisitions, the previous two years have been to science and technology resources. Bloomberg data show that in 2015, China announced the amount of overseas M & A transactions doubled compared with the previous year, reaching 123 billion 900 million U.S. dollars (about 806 billion 700 million yuan), the highest record since Bloomberg data record. Editor in chief: Zhang Yujie SF107

德媒:去年中国对欧投资创纪录 七成来自国企 美股行情中心:独家提供全美股行业板块、盘前盘后、ETF、权证实时行情 中国对外投资(图片来源于德国之音电台网站)   参考消息网2月16日报道 德媒称,德国墨卡托中国研究中心(MERICS)和美国荣鼎咨询公司(Rhodium Group)最新公布的一份研究报告显示,2015年中国向欧洲投资200亿欧元(约合1455亿元人民币),创下纪录,其中70%的投资来自国企。未来5年,预计中国每年将向海外投资2000亿美元。   据德国之声电台网站2月15日报道,报告称,中国对欧洲的投资策略目前正发生改变。尽管如此,中国在欧洲投资最多的“三大国”仍是德国、法国和英国。但来自中国的买家如今又发现了南欧和东南欧这块投资“宝地”。因此,去年几乎每个欧盟国家都同北京有着双边经济往来。另一方面,中国试图通过与中东欧国家“16+1”的合作计划,将东欧作为一个经济区。   调查报告还显示,中国的投资愈发广泛。中国买家“涉猎”的范围: 从轮胎巨头倍耐力(Pirelli)、在德国高速公路上经营着上百家加油站和服务站的“Tank und Rast”公司,到农业公司KTG。中国当局希望借“工业4.0”主题基金加大对德国研究和高科技企业的投资。此外,最近中国竞标者又在欧洲获得多项基础设施建设的项目–从收购罗马尼亚的发电厂,西班牙的铁路项目,到英国的核电厂。   尽管中国经济增速放缓,但加大对欧洲的投资趋势将会继续保持下去。中国国务院总理李克强已宣布,到2020年以前,中国的对外投资有望达到1万亿美元(约合6.5万亿人民币)。柏林墨卡托中国研究所的专家胡谧空(Mikko Huotari)对路透社记者表示,“然而鉴于中国政府打击资本外逃、很多中国投资者债台高筑,2016年也存在一些风险”,但这并不会改变,中国企业继续其国际化的战略。   另据香港《南华早报》网站2月15日报道,随着大宗商品价格大跌,而中国计划实施“中国制造2025”,推动高端装备业发展,中国企业海外并购的热点,已经从前两年的资源类转向科技。   彭博数据显示,2015年中国宣布的海外并购交易金额比前年翻番,达1239亿美元(约合8067亿元人民币),创下彭博有数据记录以来的历史最高。 责任编辑:张玉洁 SF107相关的主题文章:

10 classic money saving tips let you spend more money! 韦雪微博

10 classic money saving techniques make you spend more money! [Abstract] cutting coupons and collecting coupons are the most common ways to save money. Some very frugal shoppers put this money saving strategy to perfection, where it’s a sport to edit and collect coupons. According to the Business Insider article, no matter where you live, you can see that many people are trying to reduce their own cost of living in some ways! But in our lives, some money saving strategies look very cheap, but not really. Even some money saving strategies cost us more. There are many ways to save money. Let’s see what strategies seem to save money, but that’s not the case. First, discount coupons, discount coupons, and collecting coupons are the most common ways to save money. Some very frugal shoppers put this money saving strategy to perfection, where it’s a sport to edit and collect coupons. Although discounts offer some discounts, the cost is high. For example, you need to spend hours looking for the best discount coupons, some coupons need to be kept for a while, some coupons, and even need to buy. Overall, the time cost of obtaining coupons is relatively high. In addition, some coupons also lead shoppers to buy goods that they don’t need at all, and the reason they buy is just discount coupons that bring them discounts. In fact, buying the goods that you don’t need is one of the biggest waste. Second, join the big market member to join the mall member has two forms: 1) to the big shopping mall to pay a certain amount of membership fee; 2) one-time consumption of specific amount. And the market will not directly give members discount, but also allow members to score, until the points reach a certain amount, you can exchange some specific goods. A certain amount of integration means that the store has made a lot of money from you, and the exchange of specific goods means that the integral exchange of goods is not necessarily what you really want to buy. In addition, when you join some mall members, you usually leave personal information, such as phone numbers. Whenever a promotion or new product arrives, the store may send you a text message or call. Invisible, your life will be disturbed. If your daily consumption is relatively large, it will be more cost-effective. But if you’re single, it’s better not to join a membership, because you’re spending less, and it’s hard to get the benefits of the mall. Third, the latte effect is that people waste their daily things together to make them millionaires, but people ignore the way money is spent on daily expenses. For example, you don’t care about the cost of buying a cup of coffee, a newspaper, a bottle of mineral water every day, but just trying to reduce the cost of each month, such as monthly phone charges. In daily life, you may not care very much about the cost of a dollar, but if you spend a dollar here and spend a dollar there, you’ll find that the amount of fragmentary expenses is very large. So we should pay attention to the little money of life! Fourth, fill the car with gasoline. Would you fill up the gas because of the gas price at a gas station? You might think a little more.

10个经典的省钱技巧却让你花更多的钱! [摘要]剪打折券、收集打折券是最常见的省钱方法。有些非常节省的购物者更是把这种省钱策略做到了极致,在他们哪里剪辑和收集打折券成了一项运动。据Business Insider文章,无论你生活在那里,你都可会看到许多人都在努力试着用一些方法降低自己的生活成本!但是在我们的生活有些省钱策略看起非常省钱,然而实际上并非如此,甚至有些省钱策略让我们的花费更高。省钱的策略五花八门,下面我们来看看到底哪些策略看起来省钱,但实际上并非如此。第一、打折券剪打折券、收集打折券是最常见的省钱方法。有些非常节省的购物者更是把这种省钱策略做到了极致,在他们哪里剪辑和收集打折券成了一项运动。虽然打折券会提供一些折扣,但是成本也很高。比如,你需要花费数小时寻找最好的打折券、有些打折券需要存起来一段时间才能用、有些打折券甚至需要购买才行。总体而言,获得打折券的时间成本比较高。另外,有些打折券还会引导购物者购买一些他们根本就不需要的商品,他们购买的原因也仅仅是打折券给他们带来了那种商品的折扣。实际上购买自己不需要的商品就是一种最大的浪费。第二、加入大商场的会员要加入商场的会员有两种形式:1)每年给大商场缴纳一定数额的会员费;2)一次性消费特定的金额。而商场一般不会直接给会员折扣,同时是让会员们积分,等到积分达到一定量可以兑换一些特定的商品。积分达到一定量就意味着商场已经从你那里赚了很多钱,兑换特定商品意味着积分兑换的商品也不一定是你真正想购买的。另外,加入一些商场会员时通常留下个人信息,比如电话号码。每当促销或者新品到来的时候,商场可能会给你发短信或者打电话。无形中你的生也会受到干扰。如果你们家日常消费量比较大,那就比较划算。但是如果你是单身,建议最好不要加入会员,因为你消费的量比较小,也很难得到商场给予的实惠。第三、拿铁效应拿铁效应是指,人们每天浪费的东西聚集起来可以让他们成为百万富翁,但是人们却忽视日常的开支的省钱方式。比如,你不去在意每天买一杯咖啡、一份报纸、一瓶矿泉水等小物件的花费,而是仅仅努力降低每个月的花费,比如每月的电话费用。日常生活中,一块钱的开支你可能非常不在意,但是你这里花一块钱、那里花一块钱一个月下来你会发现零碎开支的总量也是非常庞大的。所以要注重生活的小钱!第四、给车加满汽油你会因为一个加油站的油价便宜而加满汽油吗?你可能觉得多加一点会比较省钱,其实也不一定。因为汽车加满油,车的重量会增加,油耗也会上升。如果不是进行长途旅行建议不要加满油。另外,遇到炎热的天气,邮箱的温度会增加,汽油也会挥发,这样既浪费汽油,也会给你的行车带来危险。专业人士认为,邮箱最好加到四分之三或者五分之四的状态。这样既安全,有能达到省油的目的。第五、为了加便宜的汽油不惜跑远路听说村子的镇上的另一头的加油站的汽油价格要比路边这个加油站的价格低1毛钱,你是选择在路边就近加油还是再开上10分钟,到镇上的另一头加油?估计一些人会选择开车去镇上的另一头加油。但是在你做这个决定之前,最好要考虑一下到达镇上另一个加油站所耗的汽油、给汽车带来的损耗、以及所要耗费的时间成本。第六、商店大促销商店工作人员会想尽各种办法影响购物者的行为和购物决策。最简单也最有效的办法就是进行促销活动,引导购物者。实际上“促销”并不意味着划算!一些商店的促销活动,持续存在。在进行促销活动的时候,商店会可以把促销的产品摆放在价格较高产品的附近,让购物者对物价有一个落差感,引导他们购买促销产品。在购买促销产品之前,购物者需要考虑清楚2个问题:1)我真的需要这个促销产品吗?2)仅仅因为价格低购买这个促销产品真的值吗?第七、使用现金支付许多人在购物的时候只使用现金。这种支付方式本无可厚非,但是现金支付背后有一个很大的缺点:很难追踪自己日常花费的去向,也很难觉察出自己是否已经花超自己预定的额度。石油借记卡和信用卡的购物者,可以很清楚地追踪自己钱的去向,这样有利于制定开支计划、培养良好的消费习惯。第八、想用尽信用卡带来的回馈大部分信用卡发卡行都会以积分、打折或者返现的形势回馈在购物中使用信用卡的消费者。但是信用卡带来的优惠通胀都会要求消费者的消费最少达到一定的额度。比如,一次性消费500元以上,使用信用卡可以享受8.5折优惠。有时候为了享受打折优惠,消费者会购买一些自己不需要的产品,这无形中就会提高自己的成本。第九、购买成本较低的产品确切来讲,一分价钱一分货要比物美价廉更值得人们去相信。但是日常生活中,劣质价低的商品通常更能够吸引消费者。其实从长期来看,购买劣质价低的商品成本非常高。举个例子,你5000元买部品牌手机可以用五年,1500元买部手机只能用1年,但是5年买劣质手机的花费总数就会达到7500元。所以要相信一分价钱一分货,毕竟商家也要赚钱,也要生活!第十、花大量时间搜索合适的东西为了寻找一个自己最中意的东西,一般都需要花费大量的时间。比如,你想住旅店,花了5个小时,最终找到了比其它旅店便宜10块钱的一家店。虽说你可以省10块钱,但是你却浪费了5个小时和大量的精力。(翻译 雨辰) 更多精彩内容欢迎搜索关注微信公众号:腾讯财经(financeapp)。相关的主题文章:

BofA Merrill Lynch reiterate credit and home buying rating 天津财经大学是几本

Merrill Lynch: repeated letters and home buy hot column thousand thousand shares on capital flows to the stock diagnosis of the latest rating simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Merrill Lynch published research report, reiterated that the letter (00083.HK) "buy" rating, target price rose 5% to 15.2 yuan, equivalent to a 35% discount to net asset value. The company has net cash 23 billion yuan, plus the annual rental income of 3 billion 300 million yuan, plus stable dividends and stock price in more than group 11 yuan, 12 yuan level when the repurchase of shares that shares limited downside. The bank also raised the group’s expected earnings per share in 2018 to 7% yuan to 0.74 yuan, which is not included in the sale of non core property potential income. Last year, the core profit increased by 1% to 5 billion 400 million yuan, higher than expected by 2%, mainly due to tax expenses drop, dividend of 0.38 yuan per share, less than expected 1 cents. The line refers to the trust company in the real estate industry down cycle, can aggressively participate in the investment, the Hong Kong iron material (00066.HK) Cannes, He Wentian, Wong Chuk Hang and Kam Sheung Road station project will be launched, is expected to have a lot of opportunities to the letter of the soil reservoir. The bank also pointed out that the expected letter due to the lack of project completion, the earnings outlook in the next few years will be flat, but the group can sell non core items to fill the profit, as in the past to sell international trading center, Haicheng Olympic parking spaces. Enter Sina Financial shares] discussion

美银美林:重申信和置业买入评级 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 新浪财经App:直播上线 博主一对一指导 新浪港股APP:实时行情 独家内参   港股还值不值得投资?出现了什么问题?未来出路在哪里?新浪港股发起“港股还有没有吸引力”大讨论,以理性、建设性的态度,欢迎关注港股、关注资本市场的人士,一起为港股建言献策,共谋港股市场的明天。来稿请至hkstock_biz@sina 。   美银美林发表研究报告,重申对信置(00083.HK)“买入”评级,目标价升5%至15.2元,相当於较资产净值折让35%。公司持有230亿元的净现金,加上每年33亿元的租金收入,加上稳定派息,以及集团多於股价处於11元、12元水平时回购股份,认为股份下行空间有限。该行亦上调集团2018年每股盈利预期7%,至0.74元,当中未计入出售非核心物业潜在收益。   信置上年度核心盈利升1%至54亿元,较预期高2%,主因税务开支降,股息为每股0.38元,较预期少1仙。该行指,相信公司在地产行业下行周期时,可进取地参与投地,其中料港铁(00066.HK)康城、何文田、黄竹坑及锦上路站项目将推出,预期有很多机会予信置补充土储。   该行又指,预期信置因缺乏项目落成,盈利前景於未来数年将持平,不过集团可以出售非核心项目填补利润,如过往出售国际交易中心、奥海城车位等。 进入【新浪财经股吧】讨论相关的主题文章:

Former finance minister low inflation is the biggest risk of the United States 庄稼一枝花的下一句

Secretary: inflation is too low is the biggest risk US U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants stocks Beijing time 19 days before the finance minister Summers (Lawrence Summers) believes that the biggest challenge is to make the U.S. inflation closer toward the goal set by the fed. He suggested that the Fed rate hike postponed. This is a new situation, "the challenge is no longer from high inflation, but from inflation less than 2%", and the market does not even believe that inflation will be able to cross the threshold in the next ten years. Summers told Bloomberg TV interview on Thursday that the Fed’s assessment of everything before it pushed up borrowing costs was a constructive choice. The US central bank made its first interest rate hike in 2006 between December, and said it would step up interest rates in the future. Forecasters used to think there might be four increases in interest rates this year, but now most of them think it’s more than two times. Summers stressed that if the Fed really values economic data, they should give up the view of last December, which is difficult to stand in today’s position. Summers found that the Federal Reserve was prone to overly optimistic misjudgment in December, to ensure that the economy had enough to offset inflation growth, and that the Fed should consider making monetary policy based on what was called nominal gdp. Summers explained that this allows them to more accurately grasp the weakness of the economy, to give policy support – after all, inflation will remain sluggish for a long time. Whether the Federal Reserve should aggregate nominal GDP is a question worth considering." Summers said, "if we had done that, we should have begun to worry about the status quo five or six years ago, and that would certainly have an impact on policy incentives." The Fed’s task is to ensure maximum employment and stabilize inflation – the target of the latter is now 2%. The Fed does not set the target of gdp. Minutes from to 27, January, Federal Reserve officials debated the risks of falling commodity prices and financial market turmoil, as well as the prospects for interest rate policy, on Wednesday’s minutes. Summers pointed out that in the past few years, the Federal Reserve in December every year, the economy will be "too optimistic" judgment, the deviation "average 3/4 points."". He stressed that the Fed must learn to adapt to a new pattern of savings relative to excess investment, which I call long-term stagnation". He clarified that he did not think the Fed would quickly turn to nominal GDP, but that was indeed a very worthwhile option. Summers said infrastructure investment, corporate tax reform, and the return of about 2 trillion dollars in overseas profits could help stimulate private sector investment and provide some help for growth. (Zi Jin) editor in chief: Li Wu SF053

前财长:通胀过低是美最大风险 美股行情中心:独家提供全美股行业板块、盘前盘后、ETF、权证实时行情   新浪美股北京时间19日讯 前财政部长萨默斯(Lawrence Summers)认为,美国当前最大的挑战就是要让通货膨胀向着联储设定的目标靠拢,他建议联储推迟加息。   这是个全新的局面,“挑战不再来自通货膨胀的过高,而是来自通货膨胀不足2%”,市场甚至都不相信通胀未来十年内能够越过这个门槛。萨默斯周四接受彭博电视采访时表示,联储在再度推高借贷成本之前对一切重新进行评估,才是“建设性”的选择。   美国央行12月间进行了2006年来的首次加息,并表示未来会循序渐进地加息。预言家们曾经认为今年可能有四次加息,但现在多数都认为至多一两次了。   萨默斯强调,如果联储真的看重经济数据的话,他们就该放弃去年12月的观点,后者站在今天的立场上看去是很难立住脚的。 萨默斯发现联储在12月时总是容易产生过度乐观的误判   要确保经济获得足够的扣除通胀前增长速度,联储应该考虑根据所谓名义国内生产总值来制定货币政策。萨默斯解释说,这可以让他们更准确地把握到经济的疲弱之处,以政策给予相应支持——毕竟,通货膨胀长期都会保持低迷。   “联储是否应该聚集名义国内生产总值,这是个值得好好考虑的问题。”萨默斯表示,“如果我们当初就这么做了,我们五年或者六年前就该开始对现状感到担忧了,而这必然会对政策的刺激倾向产生影响。”   联储的任务是确保最大就业和稳定通胀——后者的目标现在是2%。联储不设定国内生产总值目标。   周三发布的纪要显示,1月26至27日的会议上,联储官员们就商品价格下跌和金融市场动荡给经济带来的风险,以及利率政策的前景进行了争论。   萨默斯指出,过去几年来,联储在每年12月都会对经济产生“过于乐观”的判断,偏差“平均四分之三个点”。他强调,联储必须学会适应一种“储蓄相对于投资过剩的新模式,我将这称为长期停滞”。   他澄清说,他并不认为联储会迅速转向名义国内生产总值,但这确实是非常值得考虑的选项。   萨默斯表示,基础设施投资,企业税改革,以及大约2万亿美元的企业海外利润的回归可能会帮助刺激私营部门的投资,为增长提供一些帮助。(子衿) 责任编辑:李兀 SF053相关的主题文章:

due in July 瑞凰

Tencent rose to 140 yuan to purchase 19905 level Tencent hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client Sina client: the most profitable investors in Hong Kong level2 market through Sina Financial News Agency’s February 17th news, Tencent (0700) had broken up the level of 140 yuan, to close at 139.3 yuan L, 0.7%. Attention to Tencent subscription card (19905), the exercise price of 140 yuan, expires in June, the actual leverage of 6 times. On the contrary, such as bearish Tencent, Tencent may pay attention to put the card (26927), the exercise price of 125.88 yuan, due in December, 3 times the actual leverage. HSBC (0005) closed at 50.35 yuan, up 0.1%. Optimistic investors such as HSBC, may pay attention to HSBC subscription card (26284), the exercise price of 54.88 yuan, due in September, 7 times the actual leverage. On the contrary, such as HSBC HSBC bearish, may pay attention to put the card (25709), the exercise price of 53.28 yuan, due in July, 5 times the actual leverage. China Mobile (0941) reported 83.5 yuan, up 0.4%. Investors such as optimistic about the move, attention to mobile subscription card (25017), the exercise price of 95 yuan, expires in July, the actual leverage of 7 times. On the contrary, if the bearish move, can put the card in the mobile monitor (26291), the exercise price of 77.88 yuan, due in August, 6 times the actual leverage. HKEx (0388) closed at 169 yuan, up 0.8%. If investors are optimistic about the HKEx, they can pay attention to the HKEx subscription card (26045), the exercise price of 178 yuan, October maturity, the actual leverage of 5 times. On the contrary, if the bearish HKEx may pay attention to the Hong Kong Stock Exchange put warrants (26046), the exercise price of 163.88 yuan, due in December, 3 times the actual leverage. AIA (1299) reported 38.55 yuan, up 0.9%. Investors, such as friends, can pay attention to AIA subscription card (26348), the exercise price of 41.88 yuan, expires in October, the actual leverage of 5 times. On the contrary, if the bearish AIA AIA may pay attention to put the card (26349), the exercise price of 36.88 yuan, due in September, 4 times the actual leverage. (nature) go into Sina Finance shares

腾讯升至140元水平 留意腾讯购19905 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 新浪财经客户端:最赚钱的投资者都在用 港股level2行情 翻看机构底牌   新浪财经讯 2月17日消息,腾讯(0700)曾升破140元水平,收报139.3元,升0.7%。可留意腾讯认购证(19905),行使价140元,6月到期,实际杠杆6倍。相反,如看淡腾讯,可留意腾讯认沽证(26927),行使价125.88元,12月到期,实际杠杆3倍。   汇控(0005)收报50.35元,升0.1%。投资者如看好汇控,可留意汇控认购证(26284),行使价54.88元,9月到期,实际杠杆7倍。相反,如看淡汇控,可留意汇控认沽证(25709),行使价53.28元,7月到期,实际杠杆5倍。   中移动(0941)收报83.5元,升0.4%。投资者如看好中移动,可留意中移动认购证(25017),行使价95元,7月到期,实际杠杆7倍。相反,如看淡中移动,可留意中移动认沽证(26291),行使价77.88元,8月到期,实际杠杆6倍。   港交所(0388)收报169元,升0.8%。投资者如看好港交所,可留意港交所认购证(26045),行使价178元,10月到期,实际杠杆5倍。相反,如看淡港交所,可留意港交所认沽证(26046),行使价163.88元,12月到期,实际杠杆3倍。   友邦(1299)收报38.55元,升0.9%。投资者如看好友邦,可留意友邦认购证(26348),行使价41.88元,10月到期,实际杠杆5倍。相反,如看淡友邦,可留意友邦认沽证(26349),行使价36.88元,9月到期,实际杠杆4倍。(自然) 进入【新浪财经股吧】讨论相关的主题文章:

only the formation of the peripheral market fell 深圳大学俯瞰图

The exchange rate worries relieve A shares or short-term will shock stabilized sina finance Level2:A shares of sina finance client speed Kanpan: the most profitable investors are using the jinbailin consulting Qin Hong during the Spring Festival, the global capital market volatility, the political situation in the round edge, so market participants on the stock market after the Spring Festival A produced worries. However, on the one hand because of the global stock market rebounded sharply on Friday, regained some lost ground, on the other hand, the RMB exchange rate stable, short-term A shares fell the lack of new catalyst. Therefore, the trend of the first trading week of monkey should not be too pessimistic. Stable exchange rate, A shares usher in a stable opportunity, from the past trend, A share market and the external market does exist some one-to-one correspondence. However, only when the cause of the external market slump and A share market weak logic formed resonance, only the formation of the peripheral market fell, A shares down the trend of the trend. But the trend fluctuated in the external market during the Spring Festival, the main cause is the global economic slump, especially the lower than expected economic recovery in the United States and the European debt crisis fears rise, so the major European bank stocks fell sharply and become a driving force of the global stock market volatility. Such incentives just show that the RMB exchange rate has stabilized opportunity. One of the reasons is because the U.S. economic recovery than expected, means that reduce the probability of further dollar interest rates, emerging markets including China, the trend of slowdown in capital outflows, therefore, increase the stability of RMB exchange rate. On the other hand is the global economic slump and waves in regional politics, but more prominent in our country economy, capital security advantages, therefore, the basis of continued depreciation of the RMB does not exist. On the contrary, as China’s economic structure reform and strengthen the Chinese 2015 devaluation of the RMB products export competitive advantage and other factors, the basic stability of the RMB exchange rate further solid. The inducement of A stock market to adjust the trend since 2016 is mainly the RMB exchange rate at the beginning of the January 2016 slump, so that market participants worried about capital outflows, capital and concern across the A stock market. Therefore, with the stabilization of the RMB exchange rate, it means that the reason for the further collapse of A shares is eliminated, or that the catalyst for further decline has been eliminated. In this context, the probability of stabilization of A shares indeed increased significantly. The foundation is not solid. To stabilize rebound but this does not mean that the A stock market will usher in a wave of the larger market bounced up, mainly because of the current A shares of the capital side is not overly optimistic. Although the pressure of capital outflow has been weakened, the consequences of the continued slump in the second half of 2015 are still serious. First, because of the continued slump, the elimination of a group of active funds, aggressive funds. Especially the trend continued to fall with the previous A adjust the A-share market trend is not the same, because of the continuing slump is with leverage, so aggressive is the elimination of active funds rather than weakening the strength. Therefore, the current A shares the lack of aggressive active funds, it will not be dashed the K-line form. Two is because of the exchange rate stability theory

汇率之忧舒缓 A股短线或将震荡回稳 新浪财经Level2:A股极速看盘 新浪财经客户端:最赚钱的投资者都在用   ⊙金百临咨询 秦洪   春节期间,全球资本市场大幅震荡,边缘政治局势再起波澜,使得市场参与各方对春节后的A股市场走势产生了担忧情绪。不过,一方面由于上周五全球股市大幅回升,收复了些许失地,另一方面则是人民币汇率趋于稳定,A股短线大跌缺乏新的催化剂。所以,对猴年第一个交易周的走势不宜过于悲观。   汇率平稳 A股迎来企稳契机   从以往走势来看,A股市场与外围市场的确存在着一定的一一对应关系。但是,只有当外围市场暴跌的诱因与A股市场疲软逻辑形成共振时,方才形成外围市场跌、A股跌的跟风态势。而就春节期间外围市场的宽幅震荡走势来说,它们的诱因主要是全球经济不振,尤其是美国经济复苏低于预期以及欧债危机的担忧再起,所以,欧洲主要银行股大幅下跌进而成为全球股市震荡的驱动力。   如此的诱因恰恰说明了人民币汇率有了企稳的契机。一方面是因为美国经济复苏低于预期,意味着美元进一步加息的概率降低,包括我国在内的新兴市场的资本外流趋势放缓,因此,人民币汇率的稳定性大增。另一方面则是全球经济的不振以及区域政治局势的波澜,反而更加突出我国经济、资本的安全优势,因此,人民币继续贬值的基础并不存在。相反,随着我国经济结构改革以及2015年人民币贬值强化了中国制造产品的出口竞争优势等因素,人民币汇率稳定的基础进一步扎实。   而2016年以来的A股市场调整走势的诱因主要是人民币汇率在2016年1月初的不振,从而使得市场参与者担心资本的外流,进而担忧整个A股市场的资金面。所以,随着人民币汇率的企稳,也就意味着A股进一步暴跌的诱因消除,或者说进一步下跌的催化剂已消除。在此背景下,A股企稳的概率的确大增。   企稳而已 大幅反弹的基础不扎实   不过,这并不等于A股市场会迎来一波力度较大的弹升行情,主要是因为当前A股的资金面并不宜过于乐观。虽然资本外流的压力减弱,但是,2015年下半年的持续暴跌所带来的后果还是蛮严重的。一是因为持续暴跌,消灭了一批又一批的活跃资金、进取型资金。尤其是此次的持续暴跌走势与以往A股市场的调整走势不一样,因为此次持续暴跌是带杠杆的,所以,进取型的活跃资金是消灭而不是减弱实力。因此,当前A股缺乏进取型的活跃资金,也就不会出现猛打猛冲的K线形态。   二是因为汇率稳定的基础在增强,但是,过于宽松的货币政策会削弱本币的坚挺基础。因此,去年四季度后市场参与者一直预期的降准、降息政策一直未能够出台。而且,在当前错综复杂的国际经济政治环境的大背景下,在猴年春节后也不会迅速出台新的货币宽松政策。如此就意味着A股市场所背靠的资金面大背景,仍然不宜寄予乐观的猜测。如果资金面环境不能有效改善,那么,A股也难以出现大的有力度的弹升行情。   综上所述,对猴年的第一个交易周的判断是周一A股低开后企稳回升,然后围绕2750点或2800点一线反复拉锯、震荡,形成一个弱势平衡的震荡格局,以等待新的打破这个弱平衡的新动力的出现。   所以,在操作中,建议投资者仍不宜加大仓位,保持着50%左右的仓位。同时,仓位配置也尽量以两类个股为主,一类是2016年业绩有望大幅改善的品种,主要是受益于原料价格大幅回落、2014年至2015年持续降息所带来的财务费用降低的中游产业的相关品种,比如说钢铁、化工等。另一类则是体育、医疗服务、生物技术、旅游酒店等产业需求迅速提升的朝阳性产业股,尤其是医疗服务、生物技术产业股,它们的盈利模式清晰且产业成长空间广阔,有望成为2016年乃至后续数年的高成长股摇篮。(执业证书:A1210612020001)THE_END 新浪声明:此消息系转载自新浪合作媒体,新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章:

保险行业未来2-3年将迎来最好的发展时期 股民老张博客

Benefit from the stock market rebound and dividend insurance industry stocks ushered in the long-term investment opportunities sina finance Level2:A shares of sina finance: App speed Kanpan live on-line blogger to guide after a spring festival, A stock market ushered in a rebound. Three Yang let many investors began to look forward to Shanghai will challenge 3100 points early pressure. With the succession of decision makers, economic stabilization has become the consensus of investors. In addition, the Federal Reserve Chairman Yellen hinted that the Fed will raise interest rates at least in March, but also inject tonic for A stock market. Many brokers believe that the A share market ushered in a rare two sessions market, rebounded or continued into March. Among them, the insurance stocks will significantly benefit from the rising A share market. As the insurance companies invest a large amount of assets in the two tier market, the rise of the stock market will push up the profitability of insurance companies. In 2015 three quarterly, for example, the net income accounted for the highest proportion of the company’s revenue, Xinhua insurance 29.46%. Even if China Pacific Insurance, the proportion of investment income is more than 20%. Xinhua Insurance net income accounted for the proportion of revenue, in the middle of 2015 exceeded 30%. The future development of the insurance industry will also significantly benefit from the industry dividend. The downward pressure on the economy and the reduction of the tax burden have become an important means to combat deflation and promote economic growth. The actual result of the tax burden reduction is that the decrease of social insurance payment means that the rights and interests of the individual will be reduced in the future. In the context of the comprehensive reduction of personal tax burden, it will also increase consumer spending power. In order to improve the personal rights and interests of the future, including the demand for pension, there will be more and more consumers seek commercial insurance as a way to deal with. In this sense, the insurance industry in the next 2-3 years will usher in the best period of development. Overall, the insurance industry from the industry policy to the consumer’s personal wishes have a good momentum of development, the future of the insurance industry will continue to expand the scale of assets. In the A stock market tends to be stable, the investment income of the insurance industry will grow steadily, and improve the profitability of the insurance company. Insurance companies, including 601318.SH, 601336.SH and 601628.SH, will be favored by investors, and pure life insurers will benefit more from the future development of the insurance market. And Xinhua Insurance (601336.SH) because the circulation is small, relatively active stock, stock prices rise more space. Of course, to remind investors, the current insurance stocks did not enter a substantial rise in the channel, although the valuation of insurance stocks is very low, according to the latest closing price estimates of the highest P / E ratio is not more than 20 times. However, in the economic downturn trend is completely changed, the impact of good industry for the company’s earnings truly reflected before the insurance stock is currently suitable for long-term investors to be actively concerned about. Sina statement: this news is reprinted from Sina cooperation media, Sina published this article for the purpose of transmitting more information, does not mean to agree with its views or confirm its description. This article is for reference only and does not constitute investment advice. Investors operate accordingly, wind theory

受益股市回暖和行业红利 保险股迎来中长线投资机会 新浪财经Level2:A股极速看盘 新浪财经App:直播上线 博主一对一指导   春节过后,A股市场迎来反弹。三连阳让不少投资者开始憧憬上证综指将要挑战3100点的前期压力位。随着决策层的接连表态,经济企稳成为投资者的共识。此外,美联储主席耶伦暗示美联储至少在3月份不会加息,也为A股市场注入强心剂。   不少券商认为,A股市场迎来难得的两会行情,反弹或延续到三月份。   其中,保险股将会明显受益于A股市场的上涨。   由于保险公司大量资产投资于二级市场,因此,股市上涨将推升保险公司盈利水平。以2015年三季报为例,投资净收益占公司营收的比重最高为新华保险的29.46%。即使中国太保,投资收益的比重也超过了20%。新华保险投资净收益占营收的比重,在2015年中期超过了30%。   保险行业未来发展还将明显受益于行业红利。   经济下行压力不减,降低税负成为当前对抗通缩和促进经济增长的重要手段。税负降低的实际结果是,由于社保费用缴纳的降低,一定程度意味着个人未来享受的权益将会降低。在个人税负综合降低的背景下,也将提高消费者的消费动力。为提高个人未来权益保障程度,包括对于养老的需求,会有越来越多的消费者寻求商业保险作为应对之道。从这个意义上来讲,保险行业未来2-3年将迎来最好的发展时期。   综合来看,保险行业从行业政策到消费者个人意愿都具备了很好的发展动力,未来保险行业的资产规模将不断扩大。在A股市场趋于稳定的背景下,保险行业的投资收益将稳定增长,并提升保险公司的盈利水平。包括中国平安(601318.SH)、新华保险(601336.SH)、中国人寿(601628.SH)在内的保险公司将会受到投资者青睐,纯寿险公司将会更加明显受益于未来保险市场的发展。而新华保险(601336.SH)由于流通盘较小,股性相对活跃,股价上升空间更大。   当然,提醒投资者的是,当前保险股并未进入大幅上升通道,虽然保险股的估值很低,根据最新收盘价测算的最高市盈率不超过20倍。但是在经济下行趋势完全改观、行业利好对于公司盈利的影响真正体现之前,保险股目前适合中长线投资者予以积极关注。 新浪声明:此消息系转载自新浪合作媒体,新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章:

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