Gold futures investment analysis

Investment in China's gold analysis

2008-11-03T03:27:00.000-08:00

Since 2001, the international price of gold began to enter the upward trend in 2008, this trend is more evident. Domestic gold enterprises as a result of rising gold prices, and its continued efforts to enhance investment and development, making China the past few years has steadily increased gold production out of the situation, according to the World Gold Mining Company statistics, China has become the world's largest gold-producing countries. At the same time, South Africa, Australia, Canada, the United States and other major gold producing country in recent years, gold production is declining year by year, on a global scale is the elimination Peter up, the change is not significant. From the consumer's point of view, the situation is similar to the price rise year after year many gold-consuming countries such as India, Turkey and other countries in the decline in consumer demand, China's consumption is growing. At the same time, the world's emerging markets of gold reserves over the past few years showed an increasing trend for gold investment fund positions in recent years been on the rise. Private investment, particularly investment demand, China's population is growing. This year, China A-share market fell sharply, the Chinese people's enthusiasm for investment in gold is also rising gradually, the bank's gold business development can be seen, for example, in the first half of 2008, China Construction Bank (601,939, it shares), "Long Dingjin" The trading volume increased by several times the same period last year. And in the first quarter of 2008, the Shanghai Gold Exchange, gold traded up to 1085.60 tons, up nearly six-fold. However, China's investment in the gold market has just started, a relatively small scale, which is China's gold production, sales do not increase in direct proportion to the size of the investment we are making less from the World Gold big a far cry from the country. Not because of gold's pricing power, domestic gold prices tend to change with the international market. Gold supply and demand factors affecting the price of gold futures and the long-term trend. The gold in addition to the short-term trend is particularly weak, and in particular when, in 80% of the time, the trend of the index and the U.S. dollar negatively correlated. Most of the time is the same with the U.S. dollar index negatively correlated with the trend of crude oil futures price movements, they often can be supported by the trend of gold. The world's major political, economic and war events or emergencies, they often can be gold-order phase grid and even the formation of the mid-point level Impact on the price of gold is a multi-factor, to buy gold, if only to consider the level of inflation, which in fact is a biased, CPI index reached a peak, gold may not have been on the rise is trend. High inflation, gold may also be due to the impact of other factors have led to falling prices, it is entirely possible that the gold investment must be carefully considered.

American-style cost-shift: oil and dollar situation inverter

2008-11-03T03:24:00.000-08:00

U.S. financial tsunami triggered by the worldwide financial crisis is still spreading and deepening, and has severely hurt the real economy and the majority of investors. The most severe since the 1929-1933 economic crisis and has been declared free of the capitalist myth of bankruptcy, as well as over-innovation, over-consumption and over-reliance on monetary and economic development model of bankruptcy. This may lead to changes in the pattern of world economic and financial policies of major adjustment. In the financial tsunami which seriously undermine the world leader in the global hegemony of the financial infrastructure, the United States in monetary policy, financial supervision and operation of the IMF and will be more dependent on Europe, Japan and China policy co-ordination between (such as interest rate cuts at the same time). Only China and Japan joined hands in Europe and the United States can continue to play the role of the boss. As a result, the international monetary system, including the International Monetary Fund and the World Bank the right to vote and to monitor the distribution of goals (IMF on the issue of developed countries and non-balance of payments imbalance caused by insufficient attention to the crisis) may have a positive change. End of the six-year dollar The U.S. dollar cycle because of their financial situation will be improved and extended to six years or so, the euro's exchange rate will eventually be broken up 0.9 U.S. dollars / euros of the price. Gathered greater momentum in the financial tsunami, the U.S. government come up with trillions of dollars of funding to rescue the market, many experts and scholars in order to have a recession in the U.S. economy, the fiscal deficit is huge on the ground, the U.S. forecast in July will be short-lived since the pace of appreciation, In turn usher in a new wave of depreciation. But the fact is: the more the oil price drop, the lower U.S. dollar exchange rate or the more Yue Meng, the euro from a peak of 1.62 surging to a record 1.26 U.S. dollars / euros, the Australian dollar, British pound also showed rising momentum, resulting in a Granted options on futures speculation of primary products of domestic enterprises involved in foreign exchange transactions, as well as CITIC Pacific, China Railway, and other Chinese enterprises have suffered huge losses. Dollar Why is there such a "fun" of the situation? This is also from the financial crisis and U.S. strategic intention to seek the answer. On the financial impact of the tsunami, at least three major factors against the U.S. dollar has played a supporting role: First, the global stock markets plunged, the funds in order to seek refuge after another into the U.S. bond market and indirectly raise the popularity of the dollar. Secondly, in order to save the financial markets and macroeconomic, financial and save the market to fill its huge vacancy (for example, 700,000,000,000 new debt limit), the United States must rely on the strong dollar policy to attract foreign capital inflows. For the United States, although the U.S. dollar will reduce the competitiveness of the manufacturing industry, but banking, insurance and other service industries as the main body (the proportion of 70%) of the economy as a whole can benefit from them. Third, the United States to rescue the market will be a substantial increase in short-term government budget deficit, but will not necessarily increase the supply of dollars and long-term budget deficit. The increase in the amount of treasury bonds from its view that the United States to save the city money is actually raised by issuing bonds, the buyers generally can not be separated from Saudi Arabia, Kuwait and the oil-exporting countries such as China, Japan and other large surplus countries. In these countries to buy U.S. treasury bonds only when the foreign exchange reserves to adjust the currency products and structural, but many scholars have said the additional U.S. has no direct contact. The United States on long-term financial situation (with a period of 3-5 years), the United States to rescue the market will not only lead to the loss, it was like Hong Kong Special Administrative Region Government rescue package, market and economic stabilization after a very rich The investment income in order to reduce its government deficit in the proportion of GDP accounted for. To know that the market is in a state of extreme panic, investors and financial institutions are selling over prevalent and the sale of assets at a discount. That is why, from a long cycle, I think the dollar is strong support.

Automotive leverage the financial turmoil banks re-arrested for a car loan business

2008-11-01T02:56:00.000-07:00

Two years later, the bank wishes to regain consumer auto loan business. Compared with the previous, more attention to banks and car dealers. From the industry's argument is that banks and merchants Chery joint venture to build automobile finance companies, will be formally established in July. For risk considerations, since 2006, the bank's car loan business continued to shrink the size. Data show that in 2007 the national financial institutions, consumer credit balance of 3,278,300,000,000 yuan, of which only 110,700,000,000 yuan car loans, housing loans of less than 3%. However, starting this year, as the mortgage business compared with idle talk, car loans by banks once again favored the development of Shenzhen, China Merchants Bank (600036 market, shares it) and so on a number of banks have said that this year will be to develop car loan business. Merchants Bank director of the Office of Dong Hu told reporters that so far this year, the bank's car loan business well, at least in Anhui Province is relatively high in the rankings. However, he did not provide the specific size of the business. He also said that at present, mainly through cooperation with distributors to carry out the business. According to the industry, which will involve the distribution of interests, some of the earlier car dealers to cooperate with the bank's enthusiasm was not high. However, beginning this year, banks and dealers has been enhancing its co-operation. Earlier this year, Shenzhen Development Bank and Shenyang Brilliance Jinbei Automobile Co., Ltd. signed a "vehicle of the financial support of the strategic cooperation agreement." One of the focal points of the agreement, is to provide financing support to the distributor. At the same time, there are banks through the establishment of a joint venture auto finance company's way into the car loan business, Huishang Bank is one of them. Prior to this, merchants and banks have Chery signed a joint venture to set up a "silver emblem Chery Automobile finance company" strategic cooperation agreement, the preparation of the financial companies registered capital for the development of 500,000,000 yuan. As for the concrete to set up a timetable for East Hu said "not yet finalized," the current regulatory authorities are taking the appropriate procedures. He also said that after the establishment of the auto finance company, the main distributor for the system to provide a range of financial support. As early as 2006, the Bank of China (601988 market, shares it) has been adopted by the company's indirect auto and financial companies to set up a joint venture company, became the first curve stake in the company's auto finance commercial banks. It is understood that the auto finance company and the dealer is the usual mode of cooperation to provide wholesale and retail business of credit support. Wholesale distributors are based on the operating and financial situation, auto dealer finance companies awarded a certain amount of financing, mainly on new cars, test drive vehicles and used-car inventory financing to give financial support. The retail business is through the dealer network to the purchase of personal and corporate customers in the form of hire purchase and financing services. According to the China Banking Regulatory Commission announced a new "car of the financial management of the company", the auto finance company business, financing channels, such as restrictions eased. Which allow car companies to issue financial Jinrong Zhai, which is better than the previous shareholders of deposits, bank loans and so on limited sources of funding to relax a lot. The industry said that the car through the car loan finance companies to conduct business there are two advantages: First, can effectively control risk; The second is to expand the size of the business. Data also show that as of February this year, the Asian Games Village Automobile Exchange proportion of car loans has reached 35% of the same period last year increased by 20 percentage points. The auto finance companies accounted for the personal auto consumer credit market share of 48% share of the bank alone, only 5%.

Gold eased back on schedule still room for downward

2008-11-01T02:47:00.000-07:00

See the early part of this carry trade positions to alleviate pressure on China and the United States were to cut interest rates to stimulate the global stock market up, but Africa and the United States for not following the rebound in, gold also dropped again, the difficult sharply higher precious metals market, having not yet Optimism; before yesterday's high interest rates * currency stability, the Federal Reserve to cut interest rates sharply and a half per cent, together with the Chinese central bank also cut interest rates to 0.27 per cent, good, the mood, stimulate the carry trade, gold Shouwen has 700 points after not throwing Pressure, before yesterday's high, silver also aims at steady 9.5 U.S. dollars, days after a breakthrough to high, or at 10.7 U.S. dollars, but the time in the afternoon unable to see Africa and the United States generally up, failed to rise further, high interest rates have started taking money for the precious metals market Added pressure on the financial markets continue to suffer despite the tsunami, but with the multi-national financial conference and the first program to rescue the market, short-term credit markets have been stable, the precious metal as a hedge to reduce the demand for money, the city earlier rally is mostly a rebound, it is difficult Continued to rise, the determination to save the market has, however, because of the Federal Reserve to cut interest rates a half per cent against the U.S. brought about by injury, short-term gold Chonggao, but rose again limited space, limited to the top of the consolidation, the market outlook would break under 730 will be effective Down again, not optimistic about the U.S. tonight will be a number of economic data, including the employee cost index, personal income, personal consumption expenditures, the core personal consumption expenditure price index, the Chicago area for Supply Management index and the University of Michigan consumer sentiment Index is expected to remain data are not, however, still need to pay attention to the global financial market turmoil in the circumstances. Operation: Chonggao gold prices fell after the shock, while hedge funds have been flowing into the city of gold, for the support he once brought, but the market outlook is still downside risk; proposal Gold sold at 738 U.S. dollars, the deficit Stop 3 U.S. dollars, earned only 6 U.S. dollars to make.

Borrowing dollars through improper means is dangerous

2008-11-01T02:45:00.000-07:00

U.S. Federal Reserve over the past six weeks to launch a series of new loans and liquidity support tools, dizzying, once again, to deal with the crisis in the United States in the world's economic leaders, but measures to boost the confidence of the market need for a spate of data to prove , And the key is that it takes time, or to ease the crisis is expected to gradually lose the good. At present, more and more concerned about the market in the United States Treasury and the Federal Reserve how to support the ever-increasing pay tool, as well as the market has been very short-term bonds are more vigilant against the tide, how to have been issued by a massive short-term bonds into Longer-term bonds, this is a super-technical issues. Rebuilding confidence in the present is the key to solve three major problems: First, we must allow the market to see that all of these in the next year the Ministry of Finance will issue new debt instruments will be someone to take over, at least, it was taken over along with the voice. The U.S. Government is under pressure to convince overseas central banks and other institutional investors to absorb most of the new U.S. debt in order to continue to support the market. China and Japan in particular, the current situation can not strengthen our confidence. At the same time, needs a substantial increase in anti-inflation U.S. Treasury bonds (TIPS) issued the proportion that the United States government adopted a laissez-faire inflation will not solve the current difficulties so that buyers peace of mind. In addition, the U.S. government may be in the stability of exchange rates on additional commitments given at least implied through to dispel doubts about the outside world and attract overseas central banks and institutional investors to participate in a high, it will be more difficult. Second, the market needs to see housing prices, corporate cash flow and the default rate stabilizing, the financial crisis in the containment control. Data may attract people to eyeball, except collateral default rate and stable, or rising losses will continue to erode the banking system was added on the basis of the capital, were to become a bottomless pit, the consequences would be unthinkable. The Fed's balance sheet size since September 2008 has almost doubled because of new or expanded a series of new tools for credit for commercial banking system to provide some financial support 750,000,000,000 U.S. dollars. Since the U.S. Treasury Department by the end of August has been lending 876,000,000,000 U.S. dollars. Under normal circumstances, the Ministry of Finance to keep its current account balance in the commercial banks to set up special bank accounts - tax and loan accounts (TTL) to minimize the pressure. Ministry of Finance to be surplus to support its expenditure, reduce the external debt. But in the current financial environment, the U.S. Treasury Department does not exist overnight lending difficult, but again the deficit is inevitable. Third, the United States have not thought about it, failure to save the program and how to solve the crisis? Pass? Ministry of Finance to maximize the use of short-term debt financing instruments, the money will be deposited into the Federal Reserve and commercial banks, in fact, help commercial banks to borrow their own can not borrow the money. Ministry of Finance account at the Federal Reserve more than ordinary capital reserves of the central bank is a way to support the calm and collected. In the commercial bank loans and taxes account for more than ordinary capital reserves, the banking system is a kind of silent support. However, such a large-scale borrowing trouble is that the U.S. Treasury Department is close to its statutory liability limit. The current legal limit is 11,315,000,000,000 U.S. dollars. The U.S. Department of the Treasury of the existing outstanding debt 10,457,000,000,000 U.S. dollars, leaving only the amount 858,000,000,000 U.S. dollars. 700,000,000,000 U.S. dollars of which will be used to issue relief plan assets (TARP), it seems only the Ministry of Finance District 158,000,000,000 U.S. dollars of the loan amount. Otherwise, to be adopted by the Congress to continue to raise the amount. The U.S. government in November's general election is likely to re-convene a special session of Congress, the approval of the Ministry of Finance to raise the statutory borrowing limit, as a larger part of financial reform measures to help home buyers and corporate borrowers to escape rising The wave of bankruptcy. Even so, market conditions do not improve, the next step how to do? Global to buy U.S. bonds to boost the dollar, the problem is with the high deficits continue to increase, the dollar devaluation, not to safeguard the interests of the creditor countries, the United States in order to market and the credibility of the borrowing, the sovereignty of the Fund for money to buy high-dollar, Deficit hurt the dollar in a vicious circle, it seems that the key to unlock the link is some people have to foot the bill for the crisis, in other words, need to pass the crisis, those who are unlucky? The yen rose as a result of the stock market decline, continue to play the role of the anti-risk, high interest rates bottomed out after the currency started to strengthen the trend and the U.S. by the end of the Fund to support the needs of the rebound will not last, the United States in the third quarter GDP is expected to drop below the proof of the U.S. economy The worst recession in sight. Global stock markets rose and the U.S. Federal Reserve (FED, the U.S. Federal Reserve) to cut interest rates Wednesday against the U.S. dollar in the near future will help ease the buying today is the focus of market speculation that the Bank of Japan will cut interest rates in a yard, so increasing the yen sell-off However, this sentiment will not last long because the yen's recent strength has always been and nothing to do with interest rates. U.S. dollar against the euro and other currencies rise in interest rates by fund manager at the end of demand-driven, short-term effect of this is, at present the whole, the dollar largely reflects the trend of the stock market, the dollar and the stock market by risk-averse and will to bear the risk of fluctuations in the lead. Bank of Japan will decide whether to cut interest rates is the Japanese yen in the face additional risks, the U.S. dollar against the yen from 91 yen below the continuation of the 13-year low of the rebound trend, if after the rate cut should be increased speculative buying of the yen Opportunities. The euro against the dollar, down from 1.3300 high, much higher than this week in the electronic trading platform (EBS) touched 1.2329 U.S. dollars, means that the medium-term rebound in the market structure, the end is approaching, the global fund managers are expected to be bought a large amount of U.S. dollars And in order to hedge the U.S. dollar could lead to demand for callbacks the euro, but should rebound to restore the course. Released by the U.S. in the third quarter gross domestic product (GDP) shrinking less than expected, supporting high-yielding currencies such as the popularity of risky assets and pushed up the yen against the dollar, the United States in the third quarter of GDP decline in 2007 is still the best proof of the economic situation The grim, the Federal Reserve to cut interest rates Wednesday by 50 basis points to 1.0 percent in order to further cut interest rates has opened the door to the Federal Reserve Wednesday also approved a number of emerging economies with the central bank currency swap agreement so that they can deal with the U.S. credit crisis, The wishes of the risk of a lasting recovery may not mean that demand for dollars is still intact, but the strength of the U.S. dollar this year came to an end, the fundamentals to consider, in October cut the world's great magnitude, there are likely to cut interest rates over the next few months, the global economy next year Will be a further deterioration, so popular these days to continue next year low-interest currencies, the euro against the dollar may drop to the level of 1.20 U.S. dollars, but this will not occur in the present. The euro is expected to rebound after the fall, waited at the 1.2700 and 1.2580 above the level of support, is expected to continue to challenge 1.3300, and to try to break the resistance 1.3500 and even 1.3800 challenges of the region, so today if the euro's sharp decline to support, it will be bought Opportunity to rebound in the euro's journey is not over yet, most gratifying that the euro would remain at the 1.2500-1.3300 range big shock is the most reasonable and should be below 1.2900 bargain buying opportunity; above 1.2900 should be closed High-sell opportunities.

New motor vehicle insurance cards to speed up agency

2008-10-30T11:52:00.000-07:00

With the cap set fee, see a single fee, such as auto insurance departments as well as the implementation of new policies to further strengthen supervision, in the past, vehicle insurance fees depend on the profit intermediaries, business volume and profit growth will face a severe test. The industry is expected to "see a single fee" only after the implementation of the Shanghai one will have to be eliminated and a half intermediaries. Market participants said the "commercial vehicle insurance fees to the maximum 15% (Commercial Vehicle Insurance) +4% (strong cross-risk)," restrictions, the intermediary company in general operating costs for the full premium of about 10%, excluding other expenses , The intermediary company at an average profit margin of about 2%, narrow profit margins will greatly weaken the insurance intermediary companies and telephone sales business in the auto insurance price competitiveness. One broker said that the authorities have been set up around the fee limit of the number of insurance products in direct telephone access to 7 after the break, but also on this basis will be provided for the China Insurance Regulatory Commission, "% 15% +4" Consumers give preferential fees, and the intermediary company has now unable to support the discounted price. The loss of price advantage, the business volume and the simultaneous decline in operating profit makes a lot of intermediary companies directly facing a shortage of funds. "We have felt the vehicle insurance intermediary than many of the deserted, and then he goes on like this agency will certainly have to reshuffle." A broker who told reporters. According to informed sources, Shanghai currently has a large part of the auto insurance intermediary company of regulatory and insurance trade associations out of the fee cap provision expressed dissatisfaction with the information is preparing to hire a lawyer, could "harm the interests of consumers" v. By the prosecution. But so far, related to auto insurance intermediary company did not confirm this positive news. At the same time, regulatory agencies in various localities in the insurance industry and agencies of the survey and mapping special clean-up, will further accelerate the intermediary cards. A few days ago, the province of Shanxi have a serious violation of laws and regulations 1580 and refused to pay the costs of insurance regulatory agencies and industry to be written off in accordance with the law; in July to August period, Shanghai has 64 insurance agents and be eligible for write-off. A senior industry official said, auto insurance is really the New Deal of the insurance premium due to play a strong role in management, but the premiums receivable management should "practice." Regulatory agencies should further strengthen the agency's supervision, the agency increased market access threshold to avoid disorderly competition. As for the competition can rely on to solve problems, such as auto insurance prices, the rate of fees and other issues can allow the market to themselves.

Gold continued to fall hedge function is weakened?

2008-10-30T11:49:00.000-07:00

The price of gold from the historical point of view, the role of hedge against price movements play a decisive role. For example, the United States in 2007 at the outbreak of the debt crisis in the world economy is pessimistic about the economic outlook and expected inflation, gold push all the way up, and in March this year, 1,000 dollars, the reason is that gold hedge function . However, since mid-September Lehman Brothers has been declared bankrupt, the world's financial markets in turmoil, the financial system gradually exposed to the risk, affected the prospects for the world economy has fallen into serious pessimistic expectations, gold prices should rise sharply However, the continuing fall of prices of gold have to let the market have questioned the function of the hedge. At this stage in our understanding of the function of the gold hedge "weaken"? First of all, the market liquidity directly determine the short-term price movements. At this stage, all countries in the world financial crisis has begun to infiltrate into the real economy, the real economy of production, supply, sales are subject to varying degrees of impact, the most serious problem is that the market's liquidity crunch problem. As the economy of a large number of the lack of cash flow, capital requirements were in the hands of persons who may be able to start liquidating the assets of cash, various types of commodity markets significantly reduce the flow of funds, from which all the major commodity fund a substantial reduction in commodity futures positions in the trend can be seen , And the gold in the flow of funds shortage has also failed to "survive", which directly determines short-term gold prices fell. On the other hand, due to tightening market liquidity, cash flow increased by the desire of the international monetary --- U.S. demand, the market for more cash to strengthen the dollar preference, which promote the U.S. economy in the United States in a strong Aisheng Rising dollar last week, the index is all in the top of the 80 first-line operation, the gold market for investors, no doubt leading to higher stress, gold prices also fell inevitable. Second, oil and other commodity markets into bear market in the world of inflation for the time being to ease the crisis. As the gold to guard against inflation is an important tool when other commodity prices big market, it will to some extent to reflect the world economic system of the state of inflation, which caused investors to the gold market psychology changes, the rise in gold prices Short-term fluctuations. U.S. sub-debt crisis has been transmitted to the real economy level, demand for the real economy by inhibiting the production of various commodities market has been down the impact of commodity market into a bear market phase is a foregone conclusion. With crude oil, for example, the price of crude oil since mid-July high of decline since the unilateral all the way down, in September, October is the rapid decline last week, easily fall below 65 U.S. dollars / barrel support, and in mid-July high of history Bit compared to the price of crude oil fell by half. It is for all types of commodities market crash, the risk of inflation in the world economy has been temporarily relieved of gold to resist the attraction of inflation dropped its guard against inflation risks function has been difficult to play, the prices become inevitable. This shows that in the meeting against the backdrop of deepening debt crisis, the market's shortage of cash flow directly determines the price of gold fell short of the market, and various types of commodity markets fell sharply in the world economy makes the risk of inflation has been temporarily relieved of gold to guard against inflation risks Function is difficult to play, this is the recent collapse of the root causes of gold. In the short term, the situation is still difficult to be improved gold price movements should not be too optimistic.

Car insurance for two months Chuxian 8 insurance proposal surrender

2008-10-29T12:35:00.000-07:00

Car insurance for two months only, Chuxian up to 8 times. Yesterday, the 3-month car Fuzhou Miss Yan received a phone insurance, said insurance companies are willing to refund the remaining 10 months of premiums in the hope of early end of the contractual relationship, but also suggested that she surrender. Miss Yan is on October 13 last year to get a driver's license, in December last year, she bought a used Elantra. Later, she bought an insurance company in 2727 yuan of business insurance. Miss Yan, who lives in her Wuyi oasis in a layer of overhead parking spaces. Parking spaces because of the slope a little channel, channel or a right turn, both sides have a pipeline into the water, often there are other owners pulled up next to the parking. Poor driving skills of her inattentive, or hit the front of the tube into the water, or rub the door of someone else's car, "Chuxian eight, five of which are planted in a parking space on its own." Miss Yan said, "I feel wronged," these are small incidents scratch each time payment of the amount of insurance is not high, "there is no reason why insurance companies to terminate the contract unilaterally." Subsequently, the reporter contacted the insurance company. The company Guojing Li said the Department of Personnel Administration, Miss Yan recommends that they do surrender. He said that she did too much of the Chuxian, Chuxian 8 months, paid a total of 4870 yuan, almost hit the company's record, although she is not that malicious insurance, but at least she's driving related technology, however. "There are a lot of new, insured that all the insurance companies will bear the risk of accidents, the relaxed vigilance." Guojing Li said that virtually created a community safety risk, the surrender of the proposal is actually sounded for her The alarm and urge her to improve driving skills. At the same time, reporters from several major insurance companies in Fuzhou that, at present, to surrender proposal on the grounds Chuxian too often the case, and Fuzhou, the insurance company has also established between the information-sharing platform, has been proposed for the surrender of users They will be particularly sensitive. Some people think, according to the "Contract Law", the two sides since the signing of the contract, the contract does not expire, insurance companies can not unilaterally cancel the contract requirements. In response, the Department of Finance, Xiamen University specializing in insurance studies teacher, said Xu, insurance companies, it is legal. According to the "Insurance Law" stipulates that the subject of the insurance part of the losses occurred in the days following the compensation insurers, policyholders may terminate the contract; In addition to the contract shall not terminate the contract, the insurer can terminate the contract. Insurer to terminate the contract should be notified in advance on the 15th policyholders and insurance losses were not the subject of some of the insurance, liability insurance deduction from the start date until the date of termination of the contract only during the part of the accounts receivable, insurance refund People. She explained that due to the existence of the special nature of the insurance industry itself, in the light of its contract to the "Insurance Law", but not all of the insurance contract can be unilaterally terminated, for example, life insurance and cargo insurance, and so on, but auto insurance is a special case.

China People's Insurance denied from the "Department of Wen-hua" To sell non-core assets

2008-10-29T12:33:00.000-07:00

China has just entered the Trustee of the Chinese People's Insurance Corporation (hereinafter referred to as "Chinese People's Insurance"), has recently spread from the "Department of Wen-hua" from the news. China People's Insurance related to a person in charge denied that the next step would be, "Wen-hua Department of" integration and disposal of assets. It is reported that a few days ago, the Chinese People's Insurance has been completed and China's Wen holding assets, plans to dispose of the assets for cash to get out. For this, these people are denied security, said China from the China People's Insurance can not be heard. However, it pointed out that the Chinese people for their security will be China's Wen to carry out the necessary integration of assets. "China holding its own smell, the more the level of investment overstretched, too scattered in the field of investment, after all, our limited manpower and energy." Last year, the China People's Insurance, through its subsidiary, China People's Insurance Investment Holdings Limited (hereinafter referred to as "human capital investment"), to participate in restructuring of China and China Wen Investment Holdings Limited ( "Wen Hua Holdings"), and in June this year 862,000,000 yuan to its 55% stake in its controlling shareholder. Wen entered China Holdings, means that the Chinese People's Insurance of China to have heard its trust 2 (China and Thailand and the country yuan Trust Trust), a brokerage (joint stock), a fund company (Dacheng Fund), 3 Home Futures (Futures Wen-hua, Maike Futures, futures Ricky), and so on more than one financial license. Wen-hua in addition to holding the securities, funds, trusts, futures and so on the layout of the financial sector, but also have a large number of real estate and media assets. Wen Hua Holdings, a subsidiary of New Huangpu (600,638, it shares) (600638.SH) is listed on the Shanghai real estate business early, holding a number of real estate companies. The Wen-hua, another subsidiary of the media (000,793, it shares) (000793.SZ) will be transformed into the media business, Deputy Securities Times, China Daily, reported that a new culture, and Chinese Chongqing Morning Times and other media advertising, distribution And the printing business. People's Insurance of these people said, "We will take into account the sale has nothing to do with the insurance industry's main assets, the main reservations we can bring value-added business modules." Wu Yan took over the Chinese People's Insurance, an integrated operation to speed up the pace. This month, the Chinese were allowed to enter the security in the Trustee indirectly in the hands of their countries of the securities, futures and sincere in Harvest, and other financial assets of the three. How will a variety of financial resources for effective integration strategy to play a synergistic effect, become the top priority of the Chinese People's Insurance, but also a test of the ability to integrate its resources and management capabilities. According to informed sources, Wu Yan-house in a recent speech, he stressed that restructuring, "Wen-hua" the China People's Insurance is an important task. In addition, according to the People's Insurance investment this year's work, but also do a good job in this year's second project in conjunction wide reorganization. Wen-hua as the controlling shareholder of the People's Insurance investment, although the People's Insurance Group has been given to the operation of the capital, direct investment and the existence of the three major asset management platform for the mission, but only to set up more than a year, from managing the complex relationship between Wen-hua, not without difficulty . According to one insider, the lack of adequate human capital investment in manpower to manage the assets of Wen-hua. It is understood that the company's headquarters staff in the provision of only 30 or so. The Chinese People's Insurance, in addition to the integration of existing resources, continue to explore new areas of work is heavy. According to the People's Insurance Working Group meeting to disclose the information, this year's People's Insurance Group will actively carry out the strategic capital to operate through the reorganization, acquisitions, etc. involved in banking, insurance funds and other non-financial sector, to achieve a consolidated operating breakthrough to the rapid growth of asset size And the development of new profit growth point. It is understood that the Chinese People's Insurance is working with the city, including commercial banks, rural commercial banks (credit cooperatives), securities companies and leasing companies, such as contact potential investors in order to explore possible investment opportunities and cooperation models.

Car insurance tips to save money

2008-10-28T10:48:00.000-07:00

In the face of complex projects, many vehicle owners because auto insurance is not clear on what should be a new car insurance? How renewal is more appropriate and more cost-effective? AA Vehicle Insurance reminded insurance is a matter of fact, many "pay attention". "Renewal" can not be delayed Pay attention to the major car auto insurance each year due date, or in the vehicle when it expired insurance Chuxian, the vehicle that there will be no security, the loss can only carry their own. In addition, the owners get insurance, we must look very carefully to the insurance protection from the date of the expiration of renewal in a timely manner to avoid laying claim to the hidden dangers. The selection of appropriate renewal program UNITA to remind car: If your car has "entered the retirement age," then appears to be too much insurance coverage is not worthwhile, but as strong insurance and pay a third party liability insurance or renewal of the need to avoid an accident; if the owners driving Good technology, also pay attention to maintenance of peace and security, you can choose the relative fundamental renewal of insurance: insurance strong cross-Ju Sunxian + + + third-party liability insurance, and other non-deductible insurance; If you are not a perfect technology, Traffic in the process of small incidents occurred from time to time, under the condition of different parking and law and order situation can be targeted to select additional security risk. The number of claims related to the margin of preference According to the China Insurance Regulatory Commission, the number of Chuxian more than the amount paid or high-owners, their premiums will be raised to varying degrees. Under normal circumstances, the vehicle did not Chuxian year, the second year of renewal when you can enjoy a 10% premium discount, if not years in a row Chuxian record, the maximum discount to 30%.

Car insurance should pay attention to what issues

2008-10-27T10:11:00.000-07:00

I will not repeat the insured Some self-insured for more than a few think Paul can make several more vehicles insured damages. In accordance with the "insurance law," the 40th article stipulates: "The repetition of the vehicle insurance the insurer of the amount of compensation may not exceed the sum of the value of insurance." As a result, even if the insurance policyholders repetition will not be super-value compensation. Second, do not over-insured or not insured in full Some owners of vehicles worth 100,000 yuan obviously, but it insured for 15 million insurance that will be able to spend more and more compensation. The value of the car and some 200,000 yuan, 100,000 yuan of insurance. The two can not be effectively insure protection. Based on the "Insurance Law," the 39th article stipulates: "The amount of insurance shall not exceed the value of insurance, more than the value of the insurance, more than some of the void. Insurance payments that are lower than the value of the insurance, in addition to another contract agreement, the insurer in accordance with the amount of insurance and insurance The proportion of the value of the liability. "Therefore, over-insured, the insurance can not be qualified to obtain additional benefits. Third, to preserve insurance Some car owners in order to save premium, like several small security risk, or just Che Sunxian security, but not a third party liability insurance, or only the main security risk, no additional security risk, and so on. In fact, all have their own insurance liability insurance, if the vehicle is really an accident, insurance companies can only be made based on the original insurance contracts to assume the responsibility to give compensation insurance, and the owners of the other losses may not get compensation. Fourth, timely renewal Some car owners in the insurance contract after the expiry of the renewal can not be in a timely manner, but there are days of the ominous clouds, in case of vehicles in the past few days, an accident, not Huizhiwanyi. Five, it is necessary to carefully review insurance documents When you receive insurance documents, must be carefully checked to see whether the joint document adopted in the third white Carbonless Paper and Printing printed on light brown Shading security, which is the upper left corner of India, "the China Insurance Regulatory Commission produced" Words, whether printed in the upper right corner "in limited × × provinces (autonomous regions) sales," the words, in the absence of refuse signing. Sixth, pay attention to examine the authenticity of agents When the insured to select approved by the state-owned insurance companies insured institutions, and not only be easy to find an insurance agency, insurance, but can not be the so-called "high return" to lure just for the sake of small profits but on leave when the agent. Seven, check policy End procedures for insurance policies to get the original, in a timely manner to check the insurance policy is set out in items, such as the license plate number, engine number and so on, if errors and omissions, it is necessary to put an immediate correction. Eight, to carry insurance card Suijuxiedai insurance card should be the event of an accident, it is necessary to immediately notify insurance companies and traffic management report. Nine, ahead of renewal Remember the deadline for insurance in advance for renewal. 10, Mo attention of the Health, "P & I cheated," trick There are a handful of people, with a total insurance would like to make a fortune as a shortcut, if the first after the Chuxian insurance, and some create Chuxian accident, and some forged, altered, added repair and medical invoices and proof that these are deceiving P & I's scope is in conflict with the law. Therefore all owners on these issues, not manipulation "smart."

Prudential Asia the first three quarters of revenue by only 9%

2008-10-25T09:16:00.000-07:00

According to Prudential released yesterday reported that in the whole group 2,300,000,000 pounds of revenue, its UK retail operations of the financial performance of the most robust growth in the first three quarters of a total of 14% in the third quarter compared to the same period last year Is an increase of 19%. In the previously anticipated reduction in the Asian region, the first three quarters of this year, also an increase of 9% to a total of 1,000,000,000 pounds (about 11,300,000,000 yuan). However, Prudential has also frankly, AIG by the crisis, the decline in consumer confidence to a chain reaction in the third quarter of this year, the Group's new business growth slowed down. "This means that the situation in Asia can not achieve a year ahead of new business profit in 2005 than double the target, but the group remains confident in 2009 of achieving this objective." Of course, Prudential and the three Quarterly Bulletin earnings, more attention is his wish to buy AIG (American International Group) Asia Business hearsay. Prior to this there is news that Prudential is a strategic partnership with in-depth negotiations, to be its 20% stake to raise funds for the purchase of American International Group (AIG) in Asia. And Prudential Insurance to carry out negotiations, including the two strategic investors from the Middle East and China's sovereignty funds, the amount of money involved may be reached 1,200,000,000 pounds. But the rumors, Prudential and refused to make any comment, only to respond to reporters "are closely watching the sale of AIG's plans, and pay attention to any more value for its shareholders the opportunity." Asia insurance industry structure change In Buffett, the Munich insurance group, Allianz Group and other assets of the AIG bid target, the Prudential acquisition of the assets of AIG appears to be more pressing needs. If successful acquisition of Prudential AIG Asian business, will replace the Prudential Assurance Company AIG's become Asia's largest insurance companies. "This pattern of change is bound to be reflected in the pattern of China's insurance industry in the past." Of the Central University of Finance and Economics president of the Insurance Institute of the implementation of Su Hao his assessment of the case.

Prudential abundant cash flow to buy AIA hearsay evidence

2008-10-24T09:34:00.000-07:00

Recently, several network and paper-based media reported that Prudential Life Insurance shareholders of the British Prudential is going to spend 15,000,000,000 U.S. dollars to buy International Assurance (AIA), Prudential became concerned about the hot spots. Prudential recently released third quarter financial results, said "very good performance, individual figures may be able to provide a new confidence in the market, may be able to hearsay evidence." Prudential third-quarter 2008 financial report, said: Third Quarterly Bulletin shows that the whole group of new insurance industry grew by 15% of the 2.3 billion pounds, net cash inflow of more than 5,000,000,000 pounds. Du Jiaqi, president of the Executive Group (Mark Tucker) on a good performance is very gratifying.

Pacific Insurance top 100 enterprises in Shanghai No. 5

2008-10-24T09:25:00.000-07:00

Recently released 2008 Top 100 Enterprises in Shanghai showed that Pacific Insurance ranks No. 5. Top 100 Enterprises in Shanghai in 2008 by the Shanghai Municipal Federation of Enterprises, Shanghai Entrepreneurs Association in accordance with international approach to business in 2007 operating income for the assessment of standards and released. Baoshan Iron and Steel Group, Shanghai Automotive Group, Bailian Group and Bank of Communications breakdown of the top 100 enterprises in Shanghai in 2008 before the 4. China Pacific Insurance has been insisting the value of sustainable growth, sound management, effective risk management, and achieved good results. In the first three quarters of this year to achieve the original insurance premium income 76,700,000,000 yuan.

Insurance agents and industry, more than half of the "class"

2008-10-23T12:13:00.000-07:00

More than 5 months to clean up and rectify the special has come to an end, the province's nearly 3,000 insurance agencies and industry, 1580 as a result of problems in accordance with the law was written off. This is a reporter learned today from the province's Bao Jianju. "The insurance industry and those agencies that have their main business, as well as expand the services to the insurance business institutions such as banks, postal services, taxi companies, travel agencies and so on." Baojian Ju-related provincial official said that prior to rectify the province's insurance Industry and agencies to reach more than 3,000, but these staff did not permit the insurance business credentials, the prevalence of the two aspects. "The first is the lack of staff knowledge of insurance, sales in the process of introducing there is often not in place, not professional, the other, in order to obtain a higher income, and these organizations often based on the level of fees frequent replacement of insurance companies to policy holders The rights and interests of the damage caused. " In addition, individual agencies and industry are still arbitrarily change the terms of insurance, misleading propaganda, the invasion and occupation of misappropriation of insurance premiums. Last year, Mr. Li provincial capital of the public through travel agents to buy travel accident insurance, travel on the way, Mr. Lee by accident, identified covered by the insurance. He came back to travel agents to receive compensation, pushed to the insurance companies, insurance claims and demands, but compensation has been told to travel agents. In the end, Mr. Lee did not receive claims. Mr. Lee is not what is happening in the case of a provincial capital of the insurance industry sources, some of the insurance industry and agencies and insurance companies wrangling between the phenomenon. Industry and agencies in a timely manner will be no premium paid to the insurance companies, insured or not in time to upload the information, and even some time after the event on behalf of their clients to insurance companies. In the event of accidents, insurance companies certainly do not want to claim, "the resulting disputes and a lot." "According to the requirements of the China Insurance Regulatory Commission, Bao Jianju province since May of this year, the province carried out a check." Baojian Ju provincial official said, because of extensive multi-point, non-means very subtle, and the insurance industry has been the insurance agent The difficult market supervision. Through this restructuring, a total of 1580 existed in name only, verified serious violations of laws and regulations, refused to pay the costs of regulatory bodies have been written off in accordance with the law. The official also warned that consumer choice and industry, insurance agencies, we should first look at whether there is the other side, "insurance agents and industry permits." The permit issued by the insurance regulatory authorities and asked to fly in the more obvious. At the same time, attention to the need to have the permit approval period, will expire automatically canceled.

Second loan crisis may not be serious global insurance industry

2008-10-23T12:09:00.000-07:00

Standard & Poor's analysts said in the report, Standard & Poor's, despite many insurance companies are given a negative credit rating, but this was mainly due to the pricing cycle is due to the low, not because of the company's assets in securities of factors. However, Standard & Poor's said the housing loan insurance and property insurance companies, and American International Group, as well as deep in credit default swaps (for a credit providers to avoid the risk of credit contract, is a common credit derivatives Commodities), the insurance company will likely shrink as a result of the U.S. housing market and suffered. Standard & Poor's analyst Chung wrote in the report, Wall Street, the United States under the jurisdiction of the federal government's mortgage agency and a number of banks over the (sub-loan crisis) in the atmosphere of panic, but the insurance industry but powerhouse cast over the same. They believe that this ignores the insurance industry's business model and the insurance industry paid a special effort ... ... the insurance industry in strengthening the capacity of self-protection. Standard & Poor's said that Europe and the Pacific Insurance's capital adequacy ratio of high loan-to-assets held less time and at the same time, Asia Insurance loan-to-face meeting of the crisis "should be easy." Standard & Poor's said that North American insurance industry's financial condition, this can deal with mortgage-related securities losses. Property, casualty insurance business as a whole, the North American insurance industry is not affected by the sub-loan-to-large-related loss is expected to total capital will account for 1.3 percent; but the life insurance industry suffered the impact of large losses expected to exceed the total capital 5%. Despite the outside of the insurance industry had a negative point of view, but the Standard & Poor's analyst said that as long as the insurance industry and capital strength to maintain a good level of mobile phase, the credit rating of the insurance industry will continue to be stability. "However, we found that the U.S. housing market crisis and credit crisis will spread to other assets, such as commercial real estate." Overall, the life insurance industry in the United States has 9.6 percent of assets invested in commercial loans to 1.7 percent in real estate investment, which is equivalent to the U.S. life insurance industry more than 90% of capital surplus.

Referring to the United States and rising gold prices below strong support under the track

2008-10-22T08:48:00.000-07:00

10 Ri Yue 21 (Tuesday) gold (166, -8.71, -5.00%) down low shock. The highest intraday price the day of 803.50 U.S. dollars / ounce, the lowest test the 765.35 U.S. dollars / ounce to close at 771.40 U.S. dollars / ounce, compared to the previous or about 25 U.S. dollars, Japan with K Line was up and down a long line of great impact Line. International crude oil fell sharply Tuesday Chonggao down. The highest intraday price hit 75.69 U.S. dollars / barrel, the lowest lowered to 69.77 U.S. dollars / barrel, down 3.36 U.S. dollars, closed at 70.89 U.S. dollars / barrel. K Line on display, NYMEX-11-month crude closed yesterday at the video taken off the line of a small head Line. Asia City time yesterday, the U.S. dollar in early trading after the stable after a sharp jump in oil prices sharply lower; Europe City time, the dollar continued to rise unilateral posture, continue to test the oil pressure, the average intraday fall 5; New York City time, the decline in oil prices take Europe further down, and for a time below 70 U.S. dollars mark, after bargain hunting in support of the recovery of the mark, but Line is still closed. Information on the surface, the oil minister of Ecuador on the 20th that OPEC needs to cut crude oil output of around 500,000 barrels per day. Ecuador is expected to be scheduled for 24 OPEC meeting to promote production. OPEC will be meeting in advance of its Oct. 24 to be held to discuss the global economic slowdown on oil markets. Khalil said Monday President of the OPEC, non-OPEC oil producing countries should also be cut in order to help stabilize oil prices; oil prices at 70-90 U.S. dollars / barrel between "will all help"; if oil prices fell below 70 U.S. dollars / barrel, many oil projects "will be postponed or canceled." Libyan oil minister said Monday, OPEC is expected to cut the rate to more than 1,000,000 barrels / day; production 1,000,000 barrels / day sufficient to restore market balance of supply and demand; oppose OPEC output in stages. Qatar Oil Minister Attiyah said Monday that he believed that OPEC will be held on October 24 in Vienna at a meeting decided to cut production. At the same time, Iran's oil minister said Tuesday Nuosa Li, a drop in demand may result in OPEC production 2-2.5 million barrels / day, in the long term drop in oil prices will curb oil infrastructure investment, in the final consumer. Rogers well-known investors Monday that the decline in supply, demand and the increased settlement of the current economic slowdown related to the stimulus plan will ensure that the commodity bull market for at least 10 years. The countries in order to help ease the credit crisis to the mass market into the capital, it will eventually lead to price increases and inflation. Comprehensive analysis, OPEC production cuts good news in the past, investors in the economic outlook for demand for crude oil, as well as concerns once again prevail, leading to the resumption of the decline of crude oil today. At present, oil prices have been below average on the 5th, and by the end of September since the formation of the downward trend line still intact, suggesting that the medium-term trend of oil should not be too optimistic.

All of the Shanghai gold futures contract on October 22 lower-round

2008-10-22T08:40:00.000-07:00

Shanghai Gold (166, -8.71, -5.00%) of all futures contracts on October 22 lower-round, the main force in December contract prices closed down 8.71 yuan and 165.35 yuan newspaper / g, or 5.00 percent. Volume 35,828 hand in hand 45,354 for the previous session, the trading day to reduce the hands of 9526; turnover 5,989,000,000 yuan, to 7,894,000,000 yuan in the previous session, the trading day to reduce 1,905,000,000 yuan; As of the close to 40,182 positions in hand And 32,156 for the previous hand, the increase in the 8026 deal in hand.

Shanghai gold 21 wide fluctuations in the 0812 contract was down 1.54 percent

2008-10-21T05:44:00.000-07:00

Shanghai Gold (173, -2.71, -1.54%) Au0812 main futures contract fell 21 shocks, recorded a one-month intraday low, open positions throughout the day 2996 started to increase. Shanghai gold futures contract Au0812 main Dikaidizou 21, the overnight rebound in crude oil prices lifted gold to stabilize the spot, 21 sub-city in early trading, spot gold rise to recover the expansion of 800 U.S. dollars. The domestic gold lower cut-opened after the fall, the contract also targets to increase the level of opening. But as Federal Reserve Chairman Ben Bernanke's speech supporting a stronger dollar, oil prices eased back again to check the trend of rebound in spot gold, gold in the Pan-European city in the early fall below 800 U.S. dollars, but also triggered a long stop-loss. As a result, domestic gold retracement forced, once the contract indicators to see low 172.33 yuan, a new one-month low. Volume on the 20th day than the obvious decline, total less than 50,000 hand position slightly, nearly 3 Senju. Indicators Au0812 gold contract closed at 172.72 yuan / kg more than the previous (October 20) clearing price fell 2.71 yuan or 3.33 percent, the highest 176.30 yuan / kg, the lowest 172.33 yuan / kg and the volume of 45,354 hand position Volume of 32,156 hands.

A global recession gold alone difficult to support

2008-10-20T06:03:00.000-07:00

International spot gold closed yesterday at 805.68 U.S. dollars, the highest 815.1 U.S. dollars, the lowest 772.3 U.S. dollars to close at 783.05 U.S. dollars, down 22.7 U.S. dollars or 2.82 percent, the day after 43 U.S. dollars for the largest amplitude. Economists have said the global economy next year will be lower than the average growth rate of 3%, indicates that the global economy into a recession across the board. U.S. President George W. Bush said the global economy will soon convene summit to invite all members of the G7, as well as China, India and other emerging market countries to discuss global solutions. Last Friday night, the United States announced in September the total number of housing starts in September and construction of the total number of 817,000 and 786,000, which is lower than the expected 880,000 and 850,000. Will be announced this evening the U.S. leading index for September. Recent data from the U.S., we can see the trend of economic recession. Economic recession, commodity prices fell across the board makes gold more attractive to reduce inflation hedge. In addition, the world's richest man, Warren Buffett announced in the near future will be a large number of hunters bought shares of the United States, the remarks could lead to U.S. investors follow-up to promote the U.S. stock market up, gold down further. The crude oil market, the current oil price in July compared to the historical high of 147 U.S. dollars / barrel has dropped more than 50%, OPEC member countries decided on October 24 held an emergency meeting in Vienna is expected to announce production cuts at the meeting. And as of Oct. 14, crude oil fund to reduce the number of single-hand 1654 to 164,118 in hand, an increase of single-space 3935 to 166,017 in hand in hand, at last, after more than half of the drop in oil prices more than the number of single-market atmosphere rich in short, I am afraid the role of production Very limited. Gold last Friday in a continuation of Thursday's decline, currently 780 U.S. dollars by the first-line support, to reach 780 U.S. dollars in the vicinity may be back up slightly. But the 800 line has become a strong short-term resistance, investors may be high in the short, to do more cautious. If the effective price below 780 U.S. dollars, the rate will fall further.

The world's leading gold-kind ready to cut interest rates

2008-10-19T06:00:00.000-07:00

The financial crisis sweeping the global economy, cut interest rates six joint central bank to ease the financial turmoil brought about by fear. In the global economy at a time when access to cut interest rates, despite the experience of the international gold price fluctuations, Gao Chang, president of Golden Satellite speculate in gold and the loss of millions of warehouse explosion, but did not affect investors in gold investment enthusiasm, once again become a kind of gold investment Hot spots. According to data from high-Purcell, the last in September, its sales of gold bars in the country's decline have not been affected, particularly in the areas of Guangdong still reached more than 100 kg. The high-Purcell Research Center analyst Lin Feng Ye to the "China Times" reporter said that as a function of risk assets, the value of gold will not fall quickly, "On the contrary, the public's rising demand for hedging is likely to be On the price of gold to form an effective support to form the rapid decline of other commodity prices and gold prices decline or even a limited situation. " The value of gold is difficult to shake Perhaps it was the "natural money rather than gold and silver, but gold and silver currency is natural," saying it represents a golden financial attributes, even in the eyes of professionals, the largest investment value of gold is still not vanished and in its wing Do not wear the "eternal values." "In fact, on gold investments, whether or inflation as the current financial crisis period, the majority of ordinary investors, gold is a relatively safe investment, which is the best way to ward off risks." Chin Heng-finance Gold, an analyst Tang Guodong told reporters, "As long as there is inflation, the depreciation of the only cash forever." Because it has always been the best way to deal with inflation is to change the cash in kind, particularly precious metals such as gold. High Purcell Research Center analyst Fang Jing also told reporters that in the face of the financial crisis, with inflation the ability of gold can be said to be personal or institutional investors the best "safe haven." Like the "Father of Euro" Robert Mundell said, do not use the dollar and the euro countries, gold remains an important asset. Mondale in the eyes of the euro and the dollar is the world's two most powerful currency, the euro or the dollar once the sharp decline in inflation to accelerate, or the outbreak of war, the gold will be a good tool to hedge. For this reason, in the current financial turmoil, once again shows the kind of gold as a hedging tool for power, the recent gold coins to Fengqiang in the United States a large number of hedge funds into the city of gold pushed up gold prices can be seen in various countries one after another into Cut channels, in-kind gold to become the leading tool to hedge. It is still fresh in our memory, in 2008 on January 2, London spot gold market would be to 861.25 U.S. dollars / ounce price set a new record high of 1980. At that time, the global spread of the stock market is down shocks of the market, "this is why the global financial crisis for a positive impact on gold is more 'sexual impulse', investors can choose during the crisis to avoid the risk of investment in gold, to be After the crisis had to consider other investment channels. " Physical gold bars Inflation as a hedge against inflation and investment tools, not only has the value of gold and stability, safeguard the natural advantages of low cost, but also for ordinary investors to invest. For most ordinary investors, the market is becoming more diversified investment gold varieties tend to feed some people, investors or investment mistakes or simply give up and missed opportunities. In this regard, said Tang Guodong, before making investments, investors, it is best to know the type of gold investment properties and then choose their own investment style. Gold investment on the market today there are five main types of physical gold bars, gold coins, paper gold, gold derivatives, as well as commemorative gold coins and gold jewelry, which, gold jewelry of the investment risk is relatively high. The need for the expertise of the paper gold, and gold derivatives investments, Tang Guodong frankly, both of which investment is not only risky, and in the face of financial crisis, preserve and increase the sum of functions. Tang Guodong pointed out that the current market, compared with the current investment channels is the gold bars of gold coins, and gold, as "in-kind gold in any part of the world can be easily traded, there is no hard cash problems." It should be noted that only if the investment choices of gold coins, pay attention to the best time to buy, if the choice of money market in popular time to buy, then investors are likely to larger losses, "not only because of gold coins in the secondary A high premium on the market, and market cattle the short run is a long bear. " At present, investment in physical gold has a variety of channels, such as China Merchants Bank, Agricultural Bank of sales of gold bars, al higher, the Industrial and Commercial Bank of wishful gold, the bank's Long Dingjin, and Societe Generale, Bank of China, and other agents can not pay on the spot delivery gold The gold bars. In addition, there are some gold stores in gold for the gold on behalf of the shop as well as the launch of their gold bars for investment transactions. Fangjing to remind investors, as investment in physical gold is of no interest in preserving There are also certain risks, so pre-buying, we must fully consider and choose a suitable place to preserve. In addition to the current financial crisis brought about by physical gold investment, in the eyes of the Tang Guodong, to increase the supply and demand will continue to make possible the global gold market more fiery. From the basic supply, China has an annual gold production of basic fixed at 200 tons, but in the current assets 50,000 U.S. dollars more than the number of more or less well-off to about 5% a year in the rate of increase, which will bring a lot of Gold investment demand. "As a result, a certain amount of gold reserves would rise in value-added gold to obtain benefits."

The gold price breaks 800 US dollars to take refuge from danger the demand to be weaken gradually

2008-10-18T07:26:00.001-07:00

In the near future, the American Ministry of Finance said that will purchase 250,000,000,000 US dollar high-level prefered stock to the financial organ with the non-voting stockholder's rights, simultaneously in global new round union reducing the interest rate anticipated, New York gold in December the stock contract on Thursday in the plate breaks 800 US dollars/ounces, on this Friday's electronic transaction time interval, in the plate falls once again to 790.7 US dollars/ounces. The domestic Shanghai gold 0812 contracts Friday receive fall 3.33% to 176.64 Yuan, this week decline range over 7%. the analyst believed that in the near future will rescue the city in the global union under the background, capital market's panic mood will have the change for the better, like this will cause one part of funds to flow out from the gold market, shifts to other investment channel. Moreover, how does the whole world rescue the city final effect or how implements specifically, is filling the very big uncertainty, under such background, will take refuge from danger the fund possibly gradually to weaken to the gold demand. crude oil broken 70 US dollars pulled down gold price the US's financial crisis still to spread to the whole world, and had the possibility to initiate the world economics the decline, on 16th is suffered the sharp drop again this influence international oil price, New York, the London two place oil prices breaks 70 US dollars/barrels in pairs. OPEC took turns on duty president, Algeria Energy Minister ChakibKhelil indicated the other day, the ideal crude price should between each barrels 70 US dollar ~90 US dollars.

The gold took refuge from danger the demand already to attenuate, US dollar index will continue to rise as well as the crude oil falls will pull the low gold rate, later period the gold price will maintain about 800 US dollars/ounces shakes, but the overall was as before spatial.

Japan economy (stock) flows swiftly 11% collars to fall in crazily the global oil price plate to fall into enemy hands 70 US dollars

2008-10-18T07:04:00.000-07:00

The global stock market to the global economic situation worried that yesterday achieves near future peak, Japan the collar falls the Asian stock market at the same day Japan economy (stock) 225 indices, closing falls suddenly 11.41%. The Japanese Osaka Stock exchange is compelled to suspend Japan economy (stock) the index prompt sale.when to deadline for acceptance of drafts, when British national wealth 100 indices fall 4.89%, the French CAC40 index fall 5.72%, German DAX the index fall 4.18%, Dow Jones index fall 3.22%. the shipping sector collar falls a Japanese Yen revaluation to initiate the investor worry about Japan Export enterprise prospective profit, causes the automobile, mechanical and electrical, export class stocks and so on steel and iron on 16th to encounter undersells crazily. the South Korea Stock market on 16th closes drops sharply over 9%, since has created in 2001 " 9 · 11 " the terror attack the greatest decline range, is also in the history the third great decline range. a won exchange rate also considers at the same day falls suddenly, the won receives to US dollar frustrates nearly 10%, creates for 11 year greatest odd-numbered days decline range record. Standard & Poor includes 7 South Korean Bank's rating the negative observation name list, causes the South Korean Bank sector to drop sharply. has the news saying that South Korea Financial service Committee in Friday morning will announce most quickly the new stable stock market's action, the new action will include to the long-line stock fund implementation tax preference. Asia other market decline range also generally above 3%.last Friday in the Hong Kong stock market plate drops sharply 8.0%, HSI approaches new low which for the past three years set the record, in the state-owned enterprise index plate the decline range surpasses 10%. the shipping sector declines in abundance, the cause will be global bulk cargo marine transportation tariff major targets or quotas Baltic Sea does the bulk cargo shipping index to fall 10.7% on Wednesday, derivation brokerage firm FIS describing is " unbelievable one day ". This index already compared the crest which in May sets the record to slide to above at present 86%.

The investor leverages the COMEX time gold to lower 4.1% largely eagerly

2008-10-17T08:24:00.000-07:00

Reuter New York, October 16 ----New York commodity future exchange (COMEX) time gold once dropped 800 US dollars on Thursday, rises again finally to 800 US dollars above. The trading day trend is turbulent, the time gold and other precious metals fall, and the investor in the global market increasingly not bright situation, they sells the current assets, fall the bag peacefully. COMEX- in December the time gold GCZ8 settlement price receives low 34.50 US dollars or 4.1%, to each ounce 804.50 US dollars, the sector delivers about 70 US dollars, lies between 786.70-852.10 US dollars, the former for this contract one month low position. the commodity fund appeared settled account the spot comprehensively, and the risk wish reduced, makes the gold market business volume to be this week low, in the COMEX field gold option trader Jonathan Jossen said.

A precious metal brokerage firm said that the gold falls rapidly, because after dropping main support position 820 US dollars, stops damages the selling price aggravating. the gold walked wearily in the relatively light deal, because was had not levelled the contract to fall largely recently, and Thursday fell the major part to receive other markets the trend to affect by no means that a brokerage firm said. up to October 15, the time gold has not levelled the contract to reduce 2,085 to 321,411. US dollar exchanges a euro rise, initiates presents the sales price by US dollar valuation commodity, for example gold. the 1700GMT, COMEX time gold estimate turnover is 138,174. 1800GMT, on-hand merchandise gold falls 5.6%, reports 801.10/804.10 US dollars, on Wednesday reports 848.00 US dollars. The London gold afternoon the agreed price price is 802.50 US dollars. the silver drops 10 US dollar standard .12 month silver stock SIZ8 to fall 54.50 cents, or 5.4%, to each ounce 9.635 US dollars, close contract low position. On-hand merchandise silver reports 9.62/9.72 US dollars, falls 6%, Wednesday is 10.23 US dollars. COMEX- in January the platinum gold (platinum) stock PLF9 receives low 83.90 US dollars, or 8.6%, to each ounce 891.30 US dollars. On-hand merchandise platinum gold (platinum) the closing reports 872.00/892.00 US dollars. in December porpezite stock PAZ8 receives low 22.50 US dollar or 11.5%, newspaper each ounce 173.10 US dollars, before touch 165.05 US dollar contract low points. On-hand merchandise porpezite reports 168.50/176.50 US dollars.

Life insurance group baton pass Ministry of Finance Cheng Zhong honest trust biggest shareholder

2008-10-17T07:59:00.000-07:00

This Tuesday, the Chinese life insurance group obtains from the Insurance Regulatory Commission confirms it for the honest trust first major stockholder. This indicated that the honest trust integrates the Chinese life insurance group state-owned safe financial group officially. , the honest trust Limited liability company also has received at the same time the related Supervisory department's related notice. The notice indicated that authorizes by the State Council, Ministry of Finance honest trust 32.35% state-owned stockholder's rights which has it, increases the national investment the form to transfer for China the life insurance. Next step, the Chinese life insurance and the honest trust will defer to the related laws and regulations request fulfillment related legal proceedings.

It is known that in view of the fact that the present trust already becomes the full competition profession, the country not to need to the sole Trust company direct investment holding actual situation, Ministry of Finance to propose that has the honest trust stockholder's rights it to transfer for China the life insurance. Thus, on the one hand is advantageous to the optimization state-owned financial capital disposition, increases to the state-owned key financial enterprise's capital support, implements the power-and-power union, forms the survival of the fittest; On the other hand is also advantageous in the promotion state-owned finance enterprise perfect company governs, raises the managerial and administrative expertise, realizes the state-owned financial capital inflation-proofing and appreciation. the professional believed that Ministry of Finance this action may realize “Shi Duoniao” goal. At the same time, this is also to improves the state-owned financial capital layout the beneficial exploration, to the present for the adaptation situation develop, will implement the essential state-owned finance business combination reorganization to have instructs certainly and profits from the significance.Manager Dongxing negotiable securities research institute the silver country great told the reporters, this indicated that although the life insurance group serves under somebody's banner does not have the Commercial bank organization, but the financial holding construction has established basically. This Ministry of Finance the honest trust state-owned stockholder's rights will transfer the Chinese life insurance, is helpful in the Chinese life insurance construction state-owned safe financial group, causes its comprehensive management to make the substantive breakthrough. present, the Chinese life insurance is being in increases the reform reorganization, conformity innovation dynamics, the whole reorganization remanufacture critical moment. The concerned expert analyzes, not only after the stockholder's rights transfer can enhance the Chinese life insurance the enterprise value and the reorganization remanufacture, state-owned stockholder's rights scale, moreover may foresee this part of stockholder's rights to will certainly to obtain the large increment in the future, this meets the state-owned capital inflation-proofing and appreciation requirement completely.