July M1 Annual growth expected average of 23.4%

August 6, "The Securities market Weekly" by the Sina Finance exclusive network released "Crystal ball china macroeconomic July consensus" shows that July M1 year-on-year growth rate is expected to average 23.4%, the true value of the chain June decreased by 1.2%.　　Central bank data show that 2009 M1 Year-on-year growth continued to rise to January 2010 to reach the highest point in the history of 38.96% began to decline, of which May M1 year-on-year growth of 29.9%, June M1 growth of 24.6%, a large drop. Credit Securities analyst Lin Pine, said in a telephone interview with reporters, June M1 growth significantly lower the reason for the unusually high base.　　A slowdown in July is expected to slow down.　　Industrial Securities Chief macro Analyst Dongxiangan in a telephone interview, said, M1, M2 has reached the chain freezing point, the second half of the economic contradictions have been converted to prevent economic depth decline, rate hike probability is not. Mr Tung said further that even if interest rates were raised, there would be no change in policy easing and recovery trends.　　The central economic authorities have recently released some positive signals, such as: encouraging private investment, expanding fiscal spending, subsidizing new energy vehicles, accelerating the development of the western region, increasing the investment in affordable housing and so on.　　Consistent expected survey data show that July M1 year-on-year growth rate of 26.7%, the lowest value is 18.4%, the expected median value is 23.5%. The agencies involved in this survey include Bank of China (601988.SH,03988.HK), Bank of Communications (601328.SH,03328.HK), Guotai Securities, Everbright Securities (601788.SH), Haitong Securities (600837.SH), Merchants Securities ( 600999.SH), Bank of America Merrill Lynch, France Paris Securities, as well as Standard Chartered banks, HSBC and so on.