亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Chinese funds report record-high losses in 1H
Adjust font size:

Chinese funds suffered record losses in the first half of the year, mainly from changes in fair value caused by the weakening stock market at both home and abroad.

TX Investment Consulting Co. reported on Friday the country's 364 funds managed by 59 funds companies incurred record losses totaling 1.08 trillion yuan (157.9 billion US dollars) between January to June. The company said 961.9 billion yuan was from changes in fair price, accounting for about 88.9 percent of the total losses.

Fair value is a rational and unbiased estimate of the potential market price of goods, services or an asset.

Due to the stock market slump in the first half, stock-based funds suffered huge losses valued at 1.055 trillion yuan, accounting for 97.52 percent of the total losses. Principal guaranteed funds and bond funds lost 2 billion yuan and 1.2 billion yuan, respectively, according to the report.

During the period, the country's A shares index and Hushen 300 index (the fund performance benchmark) plunged 48 percent and 47.7 percent, respectively. This was in reaction to the tightening monetary policy, the economic slowdown and pressure of huge freed-up non-tradable shares coming onto the market.

The US sub-prime mortgage crisis and global inflation also dented investor confidence. The softening overseas equity market resulted in losses of 24.7 billion yuan to Qualified Domestic Institutional Investor (QDII) funds.

Losses were also incurred from stock trading price difference and other expenses, including securities custodian fees, management fees and commission expenses, which stood at 101.4 billion yuan and 35.5 billion yuan respectively.

However, the risk-free money funds turned out to be the only survivor from the shaky stock market. They gained profits of about 1.30 billion yuan.

China Nature Asset Management manager He Yun said it was normal for money funds to be popular in a sluggish market as their investment went to short-term, low-risk securities, such as short-term bonds and treasury bonds repurchase, among others.

An unidentified manager at China International Fund Management Co. said the rising earning rates of central bank bills provided money funds with good opportunities for investment.??

(Xinhua News Agency August 29, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Chinese funds lose US$10b in 4th quarter
- Chinese funds expand over 2 times in 2007
Most Viewed >>
- China's Top 500 Enterprises catching up with global giants
- Law on circular economy adopted
- China's continuing telecom investment causes waste
- China Shenhua first-half net profit up 43.6 percent
- Benz GLK350
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码