Shau: Normal adjustment to maintain HSI 20,000 point target price

Henderson (00012) The chairman, Shau, said yesterday that the funds had not been withdrawn and investors did not have to panic, and it was estimated that when the Hang Seng index rose more than 20,000 points, it would have a chance of outflow. The current stock market falls is a normal adjustment, now is "foreign capital market, the funds do not go, we do not panic." As to whether or not to reduce some of the shares, Shau responded that he has not made any move, he has been at all four points to the six points has been in the opening, if the Hang Seng index rose more than 20,000 points, will consider hedging, reduce some of the money to earn shares. At the same time, will continue to pay attention to the trend of capital, once the withdrawal will also consider the usual but Shau first warning may be the second wave of financial turmoil, and will make Hong Kong's inflation worse. He warned: "I think there will be a second wave of financial turmoil, and the money stranded in the long run will weaken the silver paper and inflation will be very serious." "He advises investors to buy long term holdings such as local and mainland property stocks and mainland resources stocks, mainly metals, steel, oil, coal and energy stocks."