Showing posts with label stock market. Show all posts
Showing posts with label stock market. Show all posts

Friday, March 16, 2012

Mar 16 - China’s National Social Security Fund Makes Average Annual Returns of 18.6%


Source: National Council for Social Security Fund, ChinaScope Financial (Data)
+       A report released on March 15 shows that since the National Social Security Fund started investing in the stock market in June 2003, 19.22% of assets have been stocks. The cumulative returns from stock investments were CNY 132.6 billion, representing 46% of total investment returns. The cumulative rate of return on investment was 364.5%, with average annual returns of 18.61%.
+       At the end of 2011, the asset composition of the Social Security Fund was; 50.66% fixed income, 32.39% stock assets, 16.31% industrial investments, and 0.64% cash and cash equivalents.

The second largest portion of the Social Security Fund’s investment portfolio is stock investments.
Other News Headlines:
n China’s National Social Security Fund Makes Average Annual Returns of 18.6%
n Incoming FDI Decreases 0.9% YoY in February
n Net Profit in Gold Industry Increases 36.18% to Nearly CNY 2 Billion in January
n Ping An Insurance made a Net Profit of CNY 19.4 Billion in 2011
n 7 Days Group to Enter Mid-range Hotel Market

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Thursday, March 15, 2012

Mar 15 - Premier WEN Reiterate That Housing Policies Will Not be Relaxed


Source: 21st Century Business Herald, ChinaScope Financial (Data)
+       The stock market fell after Premier WEN Jiabao commented on March 14 that housing prices still are far from their reasonable level and that regulations therefore cannot yet be relaxed.
+       WEN said that housing prices should be adjusted to reflect residents’ income and that there must be a reasonable match between housing prices, investments, and profit.

The ratio of housing price to disposable income for the entire country peaked in 2009

Slower growth in housing prices is the main reason why the housing price/disposable income ratio is declining

The rate of return in the real estate industry is not as high as previously, and is lower than that of other industries

Other News Headlines:
n Premier WEN Reiterate That Housing Policies Will Not be Relaxed
n Total Electricity Consumption in Feburary Increased 22.95% YoY
n CBRC Raises Loan-to-Deposit Ratio Target to Encourage Lending
n Pinggao Electric Wins Bid for State Grid’s UHV Project
n Tencent’s Revenue in Q4 2011 Increased 43% to CNY 7.92 Billion

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us:newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here