久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

BIZCHINA> News
Profit, loss not mutually exclusive to funds
By Zhang Yu (China Daily)
Updated: 2007-03-02 10:41

Ripples of the Shanghai stock exchange slump are still being felt across the world. But they don't seem to have affected China's mutual fund market. Just a day before Tuesday's slump, thousands queued before 16 outlets to buy 10 billion yuan ($1.29 billion) worth of CCB Principal Asset Management Co shares in just one hour.

The first mutual fund to be issued after Spring Festival created a selling speed record for open-end funds. Harvest Fund Management Co held the earlier record for attracting 41.9 billion yuan ($5.41 billion) the largest fund in China in a day on December 7 last year. CCB Principal's lightning selling speed is not a one-time exception, for a mutual fund mania has been sweeping the country since mid-2006, when the stock market started its bullish run.

In fact, mutual fund investment was one of the hottest topics at family and friends' gatherings during the lunar New Year holidays. "Have you invested in mutual funds?" seemed to be a common question at such get-togethers.

Profit, loss not mutually exclusive to funds
Books on mutual fund investment are selling like hot cake at bookstores in major cities. [China Daily]

Because of the bullish run, which more than doubled the stocks value, over 90 percent of the 187 open-end funds made a profit last year. Some of them even doubled their net asset value from their issuing price of 1 yuan (12 US cents) to more than 2 yuan (24 US cents). Market analysts are unanimous about the majority of fund investors making money.

The mania has prompted millions of stock investors and bank depositors to turn to mutual funds, with the total number of investors being about 15 million. And not surprisingly, almost half of them (7 million) were added to the list in the last two years. In contrast, only 4.5 million Chinese became new A-share investors in 2005 and 2006.

Huge amounts poured into the funds' market, increasing their assets from 475 billion yuan ($61.37 billion) in 2005 to 900 billion yuan ($116.28 billion) last year. According to the latest figures, the combined assets of the 324 funds were close to 1 trillion yuan ($129.20 billion) on February 9.

Before the mania gripped individual investors, the total value of a mutual fund was up to 10 billion yuan ($1.23 billion). But after Harvest's mega debut, seven new funds have crossed that figure, creating worries for securities regulators. The regulators suspended approvals for new funds temporarily, and since then have given the go-ahead only to CCB Principal. More than 20 are awaiting approval. Market sources say CCB Principal got the green light because it agreed to limit its fund size to 10 billion yuan.

"It's weird to set a ceiling for open-end funds, for they don't have a fixed size. Instead, they fluctuate according to market conditions," says Li Wei, ICBC Credit Suisse Asset Management Co's sales and marketing director. "The 10-billion-yuan limit could soon be applied to four or five new funds that could enter the market in the near future."

Last year was a golden period for mutual funds, says Marketing Assistant General Manager of Tianhong Asset Management Co Zhang Libin. "That happens once in 10 years or so, when no matter which fund you invest in, you have a chance of making profit."


(For more biz stories, please visit Industries)

   Previous page 1 2 3 Next Page  

主站蜘蛛池模板: 欧美日韩视频一区三区二区 | 精品久久一区二区 | 欧美高清性色生活片免费观看 | 久草青青视频 | 国产精品私人玩物在线观看 | 超级碰碰碰在线观看 | 久草视频手机在线观看 | 国产亚洲欧美日韩在线看片 | 久草视频免费 | 亚洲成人免费视频 | 一级在线免费视频 | 日韩欧美综合 | 亚洲一区二区成人 | 步兵社区在线观看 | 男女乱淫真视频免费一级毛片 | 亚洲欧美影院 | 一级v片| 久久中文字幕亚洲精品最新 | 思思91精品国产综合在线 | 国产一级毛片午夜 | 欧美一区二区精品系列在线观看 | 日本一区二区三区四区公司 | 亚洲欧美日韩国产综合高清 | 久久久香蕉视频 | 中文字幕一区二区三区有限公司 | 91免费网站在线看入口黄 | 欧美精品综合一区二区三区 | 91久久青草精品38国产 | 国产成人在线视频免费观看 | 97视频免费观看2区 97视频免费上传播放 | 依依成人综合网 | 99免费精品 | 欧美一区a | 一区二区三区免费精品视频 | 日韩三级影院 | 欧美成人免费xxx大片 | 久久精品一区二区三区日韩 | 一级做a爰片久久毛片美女 一级做a爰片久久毛片免费看 | 久久亚洲欧美成人精品 | 欧美国产日韩在线 | 国产性自拍 |