Investment in the property market jam speculation Housing group prepare for stocks

Uping Wan Jing Sales Department: Interested in the stock market on the eve of many 11 long holiday, the property market suddenly encountered a second policy regulation, and the dormant stock market has suddenly started to fire up, from the last trading day to October 19, the market continuously breached 2,800 points and 2,900 points, October 19 closing station 3,000 points,　　of the October 18 turnover of nearly 490 billion yuan, OTC funds in the market signs of obvious. Many analysts believe that under the influence of real estate policy, speculation in the housing funds because of the way out of the market has thrown an olive branch. China Securities newspaper reporter in some securities business department interviews found that there is real estate capital has been in the market, but not sure whether there is a large-scale transfer of funds. Industry insiders said that if the future stock market continued to go cattle, coupled with the expectation of a sharp fall in house prices, more speculative housing funds are expected to enter the stock market. -Our reporter Uping Wan Jing admission of hot money in the capital of speculation October 19, China Securities newspaper reporter visited the Beijing West two ring Jinrongjie near a brokerage business department.　　Although the sales department is located on a less-than-wide road, and backyards is very simple, but according to the Shanghai Stock Exchange's trading rankings, the sales department in the first three quarters of this year's total turnover ranked the top 50 in the country. In the VIP area of the sales department, the Chinese Securities newspaper reporter interviewed several "large" randomly. In the face of the stock index and the volume of daily turnover that has been galloping since October, these stock market "veteran" obviously have their own ideas.　　In addition to the appreciation of the renminbi, inflation, foreign capital inflow, liquidity and other factors, property control triggered by real estate capital to the stock market flow has been repeatedly mentioned. During the interview, China Securities newspaper reporter met a senior investor who was called "Master" by many "big". He, who taught mathematics at a university, has invested in the stock market for more than 10 years, summed up a set of investment ideas and established his own investment model.　　With years of experience, he has become one of the largest VIP clients in the sales department and occupies the VIP room, which is known as "the best scenery". "A lot of people have been asking me about the market recently, and some of them want to put the money into the stock market. Mr. Li disclosed to the reporter, the recent market sudden volume is mainly due to the entry of the hot money. "This part of the hot money is mainly refers to foreign capital and non-financial institutions of funds, especially from enterprises and private funds, and this part of the money has been active in the real estate market." "In fact, both the property market and the stock market have an investment attribute, so it is inseparable from the flow of money." It can be said that the property market and the stock market in the flow of money, like a reservoir, but exports are different. "Mr Li thinks," this sudden influx of money is like a basin of water, the property market exports were blocked, naturally all from the stock market exports gush out.　　He also said that the hot money access to the stock market is usually "Chanping", which will have an impact on the future. China Securities News reporter visits National letter Securities, jointTogether with the securities department, the staff told reporters that after the national day, the number of new accounts is actually slightly higher than the section before, the total customer account has increased, there are signs of incremental capital admission. Shenzhen, a private equity investment director said that as early as April after the first round of the country's housing market regulation policy has been funds to evacuate the property market, but did not immediately enter the stock market.　　But with the recent international second round of currency easing, the stock market regained upward momentum, part of the wait-and-see speculation in the capital began to enter the stock market, private equity has become a lot of big customers choice. During the visit, the Chinese securities News reporter even stumbled into a famous special actor who played a leader. When he first entered the stock market, he looked at the trend of the market and the appearance of the resolute bold on the screen is very different. Referring to the recent surge in turnover in the stock market, he believes that such a large amount of funds, in addition to the renminbi appreciation and other factors, may be related to the state's regulation of real estate. "It is estimated that some of the money into the stock market, but how much is not easy to say." Finally, he smiled and said, "I have just entered the stock market for more than half a year, a lot of things are still groping." "Abandoned housing shares limited" after the national Day does have a small amount of incremental funds come in, but the specific source is not clear. "Guo Xin Securities Shenzhen in the nine road sales department," a customer manager told reporters, may be funds from the real estate market to withdraw, to the stock market.　　But because the property market control policy is suddenly introduced, the national day after the market also came too suddenly, money from the property market to the stock markets will not be so fast, so the scale will not be very big.　　The Account Manager analysis, many big customers are over the years both Fry and Fry House, the funds in both markets have been allocated, now the real estate market regulation and control, the difficulty of increasing the stock market, and suddenly good, so there will be funds to the stock market. However, "really cast a house to fry the customers are not many, we are often exposed to the hands of some idle funds, before ready to buy a house customers, now they feel put into the stock market returns higher."　　"Guotai Shanghai Dapu Sales Department analysts said that the recent increase in the total number of customer accounts has been rapid, on the one hand, because the stock market rally led to the stock market value rise, on the other hand, there are signs of peripheral funds to enter. Many of Wenzhou's big customers have a number of properties in Shanghai, the analyst said, but they have not heard of a massive sell-off of property in their contacts.　　Shanghai local customers also continue to hold property, because of the policy, temporarily do not intend to invest in the property market, the extra money to the stock market. "There are some signs of this, but at present it is small. "Guotai Wuhan Branch, a senior manager said, this round of the market most of the retail and even private equity are instead Ta Kong, even if they want to sell the house into the stock market, a few days time also too late."　　But if the stock market continues to go cattle, speculation may speed up the admission. The future is expected to be the key stock market and the housing market is usually a positive correlation, but at present a sparse special period, the two began to show the negative correlation between the long.　　Insiders point out that investors ' expectations of future stock and property markets are key to capital flows. "The current speculative capital, the stock market is more attractive than the property market, both in terms of policy orientation and profit space. "National Securities Beijing Tong Lin GE Road Sales Department Customer Manager Zhou Jun said," The current stock market bubble is far below the property market, there is a certain increase in space, and the low threshold of stock market investment is easier to attract wait-and-see capital entry. Zhou Jun that, in the short term, because the real estate regulation and no signs of loosening, and the depression effect of the stock market still exists, funds will continue to flow to the securities market for some time. But from the supply and demand relationship, due to the relatively limited supply and the existence of inflation, nominal house prices will be a big trend.　　In contrast, with the expansion of market size, the stock market in the process of rising trend is still inevitable fluctuations, the return of uncertainty is strong, so in China's sustained rapid economic growth process, real estate investment is still a more attractive investment path. Liang Hao Securities analyst, said, do not easily doubt the determination of policymakers to regulate the property market, the decline in house prices is not entirely impossible, this is the current speculation on the property market changes, the funds began to "abandon the house to buy shares" reasons.　　Zhou Xu, analyst at the Nanjing Securities Research Institute, said that if the recent turnover in Shanghai could be amplified at more than 200 billion yuan, it would show that investment in real estate has been heavily diverted into the stock market. CICC's report also pointed out that in the next period of time, the original active in the real estate sector will flow to other areas, capital scale of at least 500 billion yuan.