Fund to shorten summer vacation while capital city Gold Rush

The July, which has always been seen as a low season, was quiet for two weeks and suddenly came to a lively.　　HONG Kong stocks yesterday not only more than nine, the main board turnover returned one months ago level, it seems that the fund early summer vacation, back to the stock field fight. After the ravages of the financial tsunami, fund managers and securities firms are not shy of the global capital frenzy.　　According to Hong Kong media reports, although in the summer off-season, many fund managers and securities Bank sales staff shorten the summer vacation, Non-stop for Roadshow, hoping to take advantage of the stock market is still reluctant to absorb capital. Will it be possible to avoid third-quarter adjustments? China last week reported a high growth in gross domestic product (GDP), opening up a shortfall in earlier funding stagnation.　　Many securities dealers have increased their economic growth forecasts for today and next year, taking Morgan Stanley as an example, after raising China's GDP forecasts, the rise in Hong Kong's Hang Seng index and corporate earnings forecasts is the driving force behind the new wave of valuations. The investment sector has seen the third quarter as the adjustment period, but the summer off-season is over and the adjustment has been completed.　　However, whether the stock market can avoid the third quarter adjustment depends on the second quarter performance period kicked off in August. HSBC Holdings (00005) will announce interim results on August 3, as the largest proportion of the shares of the index, its performance is able to influence the trend of the city; However, the market is more concerned about the Chinese stocks, especially those who have been "enjoying" higher valuations of growth stocks, such as domestic demand stocks, can deliver in line with, or even exceed the expected interim results,　　This will affect the orientation of the reasonable value of China-Hong Kong stock market. In addition, many large enterprises plan to come to Hong Kong to issue new shares in the second half of the year, although the funds are abundant, but huge "pumping" activities will inevitably add to the volatility of the stock market, and they are at any time a catalyst