Hot money frenzy helps boost Hong Kong stock market

The United States, Europe desperately printing money, the machine is hot; All the way out of debt, printing money all the way, the U.S. economy is still no obvious signs of improvement. And the huge influx of hot money to spur economic growth has been focused on the Chinese economy, which is showing signs of recovery. Hong Kong, which serves as China's economic outpost, is the dock where hot money is currently being bombed. According to media reports, in May, Hong Kong shareholders for this large number of millions of people, including economists, many insiders believe that the dollar is not the end of the devaluation.　　The influx of hot money into Hong Kong will help raise the mainland's capital markets. Hong Kong investors earn millions in the average monthly "go to Hong Kong to buy the country garden." I did not have time to open an account, borrow a colleague's account to buy some, rose a big cut. It's still too late to buy. Ms. Wu, of Zhuhai, told reporters recently on M SN. Shenzhen investors have also felt the recent heat of the Hong Kong stock market, and some investors have shifted their gaze to the Hong Kong market. "I bought an H-share stock of 1 million shares and bought 0.1 yuan, and now it's up to 0.8, and I'll sell it up to 1 yuan," he said. Mr Chen of Shenzhen said, "I bought earlier and the Hong Kong market was good."　　According to media reports, in May, Hong Kong shareholders made millions. The market trend is often unexpected. Shanghai, Hong Kong, Taiwan stock Market, May are all the way up, the increase is about 6%, 15%, 14%. Among them, Hong Kong is the most eye-catching, the market value of a single monthly inflation of 2 trillion yuan, the territory of about 2 million investors on average per capita strength to earn 1 million yuan. Since the recent rebound, H-shares trend significantly stronger than a-shares.　　Data showed that, as of June 3, the latest premium rate for H shares was only 45.27%, creating a new low since mid-April, with 5 shares A and H shares upside down. Dollar devaluation of the global massive hot money analysis of the reasons for the basic consensus: the economic plight of countries, the United States dollar depreciation, and China's economy is expected to lead the recovery. Hong Kong's stock market immediately became the target of global hot money landing. "Do not rule out some hot money want to infiltrate the mainland capital market."　　"Guo Tianyong, director of China Banking Research Center at the Central University of Finance and Economics, said yesterday. Liu Yan, deputy general manager of the National Yuan Securities Research Center, said: The US buys $300 billion trillion of bonds from 3 to September this year, which means that the dollar will increase by at least 30% in circulation in the four-quarter period, and that it could be as high as 40% to 50% if the currency multiplier is 30%,m. According to U.S. debt issuance in 2009 and 2010 respectively 2.56 trillion U.S. dollars and 1.14 trillion U.S. dollars analysis, this September is the peak of the U.S. debt issuance. When the market does not have enough dollars in cash to take on a huge amount of US Treasury debt, the Fed has to use the Fed's cheque directly to exchange US Treasuries.　　Starting a printing machine is equivalent to large-scale additional base currency, the long-term weak dollar has become liquidity. "There is growing market evidence that more sensitive hedge funds have begun to return to the commodities market and the people of Hong KongCapital market of currency assets.　　"Liu Yan thinks. Guo Tianyong said: The rapid depreciation of the dollar, there are foreign hedge fund speculation factors, but the main reason is the U.S. economic fundamentals are not good, speculation is only to magnify the impact. "The dollar has been relegated to the head?" It's not easy to say. If the United States does not continue to expand the fiscal deficit and raise money to stimulate the economy, the devaluation situation may also be ended. "But from now on, the US real economy has not seen a clear signal of recovery." So the policy of stimulating the economy in the future will not be stopped easily. "The United States even wants European currencies to depreciate along with the dollar. The global hot money, in particular, is looking for new avenues of investment. The Hong Kong market is one of the world's top hot money choices. "I have been thinking that some of the funds that are not excluded from entering Hong Kong are transiting Hong Kong into the mainland market." "The global hot money flooding" Hong Kong from the current data analysis, Hong Kong's banking system is being "flooded" with funds.　　Liu Yan said that the Hong Kong bank balance of HK $256.967 billion May 18 created the highest point in Hong Kong's history. According to a recent Citibank study, in the past six weeks, the average weekly inflow of capital to Asia, especially to Hong Kong, has reached the weekly inflow of capital during the peak 2007 bull market, which has led to a low overnight lending rate of 0.05% per cent in the interbank markets in Hong Kong, the lowest level since November 2004, indicating There is ample liquidity in the capital.　　May 21 HSBC Holdings announced the reduction of the Hong Kong dollar savings deposit rate from 0 1% to 0.001%, forcing bank deposit rates to be lowered to almost 0 interest rates, aimed at driving the outflow of hot money into Hong Kong into the capital markets of the virtual economy. The HKMA was forced to inject HK $ billions of a day into the money market to cope with the raging hot money and dampen the pressure on Hong Kong's appreciation.　　According to Mr Joseph Yam, chief executive of the Hong Kong Monetary Authority, $43.9 billion has been purchased and port funds have increased to HK $340.4 billion, while hot money has not slowed inflows. "Hot money poured into the H-share market rather than the A-share market, Hong Kong shares are cheap." "Shenzhen Mingda Investment Management Co., Ltd. Investment director Guo Dawei explained that" at the same time to enter a-share market to convert to Q FII, therefore, hot money into the Hong Kong market is an international asset allocation is difficult to bypass the choice. "Foreign investment institutions are very optimistic about China's assets, China's concept, in the financial crisis relatively good resistance."　　"Top Stone Investment executive Director Dong Siven stressed.　　The Great Wall Securities analyst Wutu King that Hong Kong is an international open market, because we generally look at the weak U.S. Treasury bonds, so capital flows into the commodity market, emerging markets and equities. Guo Dawei also believes that the size of Hong Kong's market is smaller than that of Europe, America and Japan, "stocks are small, but they gather money from around the world, and naturally rise faster."　　"The hot money boom continues, the risk will come?" Wutu King predicted that this wave of hot money inflows will continue at least until the second half of the year, "hot money into the Hong Kong stock market will lead a a-share higher, estimatedThe second half will spread to the mainland, while international hot money is keen to invest in domestic financial assets and real estate. "A number of industry insiders, including Wutu King, said that the current market of hot money in Hong Kong has not shown how much negative impact, the risk is small." "Market risk exists at any time, and the H-share market also has the risk of adjusting, and in the long run it is in medium valuations and there is no bubble." "Dong Siven said. "The money frenzy is not reversed, so let's all swim together now!"　　"Wutu King looks very optimistic and relaxed. Even so, Guo Dawei said, historically there has been a precedent of excessive inflows of hot money causing instability in the capital markets. "Too much money to impact asset prices, causing market volatility, the impact on the people and the economy are very large." But I do not think our government will tolerate excessive inflation.　　"he said. Guo Tianyong reminded: from the historical experience, foreign banks of international capital, when the media found that the slightest sign of trouble, the basic has to complete the layout. "Foreign capital is generally quietly entered. Afternoon there may be a sharp rise in the market, at this time the risk is relatively large. is to pull high escape phase, into the risk accumulation stage, investors should pay special attention to. "Newspaper reporter Liang Yongjian intern Yang Heart