Daofu: It is still normal for the 5-10% to adjust the capital outflow from the Hong Kong stock market

"The newspaper" (reporter Lindfing) the recent increase in Hong Kong stock has slowed down, Alistair Lowe, executive vice president of global Investment Management and global asset allocation and money investment, said yesterday that the adjustment of 5% to 10% per cent of Hong Kong equities was normal and there were no signs of capital outflows in the near future, and that there was no bubble in the Hong Kong property market, 　　It is expected that the future will be followed by a rebound in the dance, which is also bullish on Hong Kong's economic prospects. 　　The big adjustment 5-10% is normal, he added, while the World Bank has lowered its global economic forecasts, the market outlook for emerging markets is expected to rise by 15% to 20% over the next 2 years, given the excessive downside of the investment markets last year and the fact that the US property market is showing signs of stabilization. In his view, the inflow of these funds is mainly the search for long-term investment opportunities, as the region's economic growth prospects. 　　In the context of a huge accumulation of funds, he believes that the performance of the stock market will continue to rise in the future, and there is no sign that funds will be flowing in the short term. 　　At the same time, the bank is expected to shrink by 1.1% per cent in the 09 global economy and only to get better by the end of this year, and is confident that the recovery will increase by 4% by 2011. 　　At the same time, the bank is bullish on emerging markets such as China and India, but is wary of the Japanese market in the next few years. The U.S. economy is not stable to see the dollar on the commodity market performance, Alistair Lowe pointed out that if the oil price rose through 75 dollars will have a certain risk, short-term or appear to vomit, but if the market in the early stage of the recovery phase, the proposal to buy commodity stocks, he also bullish technology stocks, because the industry was a result of the economic downturn in a big sale, 　　I believe that the future can be revived with the increase in the swimming cycle. 　　On the dollar, he believes that the dollar's short and long lines are downward, and until the US economy stabilises, it expects the dollar to rise to 89 against the yen, and the pound and the euro will rise 1.45 and 1.65 against the dollar, and the Australian and Canadian dollar are expected to outperform as a result of the benefits of benefiting commodities. On the Fed's Thursday interest rate, he said he believed the United States would not raise interest rates in the short term or would stifle economic recovery, a reference to the Federal Reserve, as Japan's economic recovery was hit by premature interest rate hikes in 1994 during the Great Recession in the 90. He also pointed out that the United States to deduct the core of oil inflation is not high, so the provisional Federal Reserve Bureau does not have the urgency of raising interest rates. It is believed that the day of interest rate hike will be left next year. 　　However, he believes that the future of the global economy will slowly recover and corporate profitability will gradually improve. The ETF market continues to grow. In addition, Exchange traded fund (ETF) trading continued to be active in the first half of this year, said Ye Jiade, director of the Global Investment Management Asia Pacific Exchange listed fund, while the Hang Seng index fell 48% last year, but ETF Asset management continued to rise, At present, the overall ETF turnover in Hong Kong is close to the 07 level, as ETFs are not talented attractive in the market, it is expected that the Exchange trading Fund market, the future will continue to grow. For Hong Kong and Taiwan, ETFs can be listed in the future, Ye Jiade, although the discussion is still a preliminary stage, but I believe that the implementation of both sides can increase the choice of investors, the market development is also a positive.