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Basicintroduction

Afterthestockmarketcontinuedtoriseyesterday,inthemorning,drivenbytherapidriseofmanyindividualstocksandthestrongriseofChinaMerchantsBank,theshort-sellingmarketcontinuedtobestaged.Thestockindexrosebymorethan37points.Andsetanewhighof1583pointsinthisroundofmarket,justonestepawayfromthe1600pointmark.However,startingat2pm,themarketsituationsuddenlychanged,andthemarketfellrapidly.Atthecloseofthemarket,theShanghaiCompositeIndexfellby8.3points.TheShanghaistockmarket'sunilateraltradingvolumeexceededthe40billionmark.Forthefirsttimeinthisyear.

Thewide-rangingvolatilityarrangementcameasscheduled,whichcausedalotofhardshipfortheinvestorswhochasedthehigh,andalsoallowedpeopletoexperiencemarketriskswhentheywerecrazy.

AccordingtothepublicinformationofChinaSecuritiesDepositoryandClearingCorporation,inthefirsttwotradingdaysofMay,thenumberofstockholders'accountopeningsoared.Onthefirsttradingday,May8,thenumberofnewA-shareaccountopeningsreached17,568Thenumberofhouseholdscontinuedtoincreaseto20,590onthe9th,anewhighsincethestartofthesharereform.StartingfromApril12,thenumberofnewlyopenedA-shareaccountsinShanghaiandShenzhenhasexceeded10,000almosteveryday.Atthesametime,thestockholders'marginsthatflowedintotheA-sharemarketinAprilincreasedbymorethan8billion.

Notice

Thecurrenthotaccountopeningsituationisundoubtedlycloselyrelatedtotheactivestockmarket.However,itmustbenotedthatalthoughtheindexrosegratifyingly,theindividualstockswereuneven,andthenumberofbullstocksandbearstocksaccountedforalmosthalf.Withoutprofessionalinvestmentvision,accurateindividualstockgraspandcertaininvestmentskills,eveninsuchahotmarket,therearemanypeoplewhoearntheindexbutnotmakemoney.Novices,whileaimingatbenefits,mustnotputinvestmentrisksaside.

Accordingtoanaccountmanagerofasecuritiesbusinessdepartment,althoughtheretaillobbyofeachsecuritiesbusinessdepartmentiscurrentlyverypopular,mostpeoplearestillkeentodiscusstopicssuchasLaozhuangstocksandSTstocks,andinvestmentthinkingneedstobechanged.

Forthecurrentmarket,WuhanNewlandZhuHandongbelievesthattheextremeenlargementoftradingvolumeindicatesthatthemarkethasalargegapbetweenlongsandshorts.Short-termshockswillinevitablycontinue.Investorscanappropriatelyadjusttheirpositions,reducetheirholdingsofstocksthathavegainedtoomuchinthepreviousperiod,andinterveneinsomestocksthathavenotyetstarted.Forthemid-linetrendofthebroadermarket,wecanstillremainoptimistic.

Role

Expandinvestmentchannelsforstockinvestors,expandthescopeofinvestmentchoices,andadapttoinvestors’diverseinvestmentmotives,transactionmotivesandinterests.Generallyspeaking,itcanProvideinvestorswiththepossibilityofobtaininghigherreturns.

Aiheeseen liittyvät kirjat

Perustiedot

Kirjan otsikko: "StockMarketPracticeEncyclopedia"

Kirjoittaja: editoi ChenRong

Julkaisija:EnterpriseManagementPress

Julkaisuaika: 1.9.2009

Sanat: 350000

Painos:1

Sivut:430

Contentintroduction

Thereareonlytwotypesofstockmarket:risingandfalling.Thisbookwilluseavarietyofpracticalandfeasiblestockmarkettechniques,focusingonhowtojudgethegeneraltrendofthestockmarket,howtoconductstockinvestmentanalysis,howtousetechnicalanalysismethods,howtochooseindividualstocks,andhowtodetermine.

Timingofbuyingandsellingstocks,howtodetermineinvestmentstrategies,etc.Fromtheshallowertothedeeper,fromtheoutsidetotheinside,helpinvestorsunderstandthestockmarket,analyzethestockmarket,andthengraspthestockmarket.

Howtodigdeeperintohigh-qualitystockswithcompetitiveadvantages

Howtoconfirmthatthestocksinyourhandsmustbeworthholdingforalongtime

HowtofindoutwhichmaycausemajorlossestoyourinvestmentWarningsignal

Kuinka valita oikea aika toimitukseen

Howtospendverylittletimetodecidewhetheritisworthwhiletoinvestinresearchinganewstock

IfyouwantEasilymasterthetipsandsimplemethodsforgettingstartedinthestockmarket.Thisbookwillbethebestreadingforyoutoenterthestockmarket.

Ifyouwanttomakealotofmoneyinthestockmarketcontinuouslyandsteadily,thisbookwillgiveyouinspirationandhelpyouquicklygrowingup.

Ifyoutakestockinvestmentasaseriousinvestmentbehavior,thisbookwillbeyourguidinglightonthewayforward

Opportunitiesareunlimited,butfundsarelimited.DoagoodjobSufficientknowledgepreparationisacompulsoryhomeworkbeforeenteringthestockmarket.

Author

ChenRong:GraduatedfromXi’anUniversityofFinanceandEconomics,manageroftheaccountingdepartmentofacommercialbank,andaninternationalsecuritiesfinancialplanner.Hehasmanyyearsofexperienceincapitaloperationofcommercialbanks,isfamiliarwiththeoperationmodesandpracticesofvariousinvestmentchannelsfrombonds,fundstostocks,andhasservedasaninvestmentandfinancialadvisorformajorclientsformanyyears.Hehaspublishedmanybooksonaccountingpractice,andhasrichtheoreticalandpracticalexperienceinassetmanagement,securitiesinvestment,financialmanagementandotherfields.

Sisällysluettelo

Luku 1OppiminenK-Line Chart for Beginners

1.1WhatisK-Line

1.2Eri K-LinesApplicationof

1.3PunainenThreeSoldiersand BlackThreeSoldiers

1.4HammerLineandHangingNeckline

1.5RisingResistanceFormandFallingResistanceForm

1,6 Tornin muotoinen pohja

1.7Aamutähti jaIltatähti

1.8Nousevan ja putoavan trilogia

1.9 Raskaana Liujia, Lävistykset ja murtuneet jalat ja crossstar

1.10Dayangxianin ja Yinxianin tunnistaminen

1.11Thedawnofdawnandtheidentificationofthedarkcloudcover

1.12TherisingsunRecognitionofdownpouranddownpour

1.13 Tasaisen nousun ja jatkuvan laskun tunnistaminen

Käytännön pora: K-linjasovellusharjoitus

Aiheeseen liittyvät tiedot

Alku

OnAugust5,1986,thePeople'sBankofChinaapprovedtheShenyangSecuritiesMarketsponsoredbyShenyangTrustandInvestmentCompanytostartthetransferofsecuritiesoverthecounter.OnSeptember26ofthesameyear,theJing'anSecuritiesDepartmentoftheIndustrialandCommercialBankofChinaShanghaiTrustandInvestmentCompanybegantolistthesharesof"XiaoFeile"and"YanzhongIndustrial".ShenzhenSpecialZoneSecuritiesCompanywasestablishedonSeptember27,1987,anditwasalsothefirstsecuritiescompany.OnJuly9,1988,thePeople'sBankofChinaheldasecuritiesmarketsymposiumledbythePeople'sBankofChinatoformastockexchangeresearchanddesignteam.OnDecember19,1990,ShanghaiheldtheopeningceremonyoftheShanghaiStockExchange.ZhuRongji,themayorofShanghaiatthetime,soundedthefirstgongfortheopeningoftheShanghaiStockExchangeatthePujiangHotel.Only30typesofTreasurybills,bonds,andstockscalled"oldeightstocks"(Yanzhong,Dianvac,Dafei,Xiaofeile,Aishi,Shenhua,Yuyuan,Xingye)werelistedandtraded.Atthattime,thestockpricewaslimited.Is5%.OnJuly3,1991,theShenzhenStockExchangeofficiallyopened.InNovember1990,ShenzhenSecuritiesRegistrationCo.,Ltd.starteditstrialoperation.InAprilandJuly1991,theShenzhenandShanghaiStockExchangesrespectivelyreleasedstockpriceindices.OnApril22,1991,theShenzhenstockmarkethadzerotradingvolumeonthatday,andtheShenzhenStockExchangeCompositeIndexfelltoitslowestpointof45.65onSeptember6ofthesameyear.OnMay21,1992,theShanghaistockmarketfullyliberalizedstockprices,andthestockmarketroseacrosstheboard,reachingamaximumof1,429points,drivingthefirstbullmarketinChina'sstockmarket.OnAugust10,1992,Shenzhensoldthe1992IPOsubscriptionlotteryform,andthe"8·10storm"thatshockedthewholecountryoccurred.AlargenumberofinvestorsflockedtoShenzhenandevenusedtheacquiredIDcardsubscriptionlotteryform,whichcausedsocialchaosandthegovernmentintervened.OnOctober12,1992,theSecuritiesCommissionoftheStateCouncilandtheChinaSecuritiesRegulatoryCommissionwereestablished.Duringtheperiod,thestockpricesofthetwomarketsfellacrosstheboard,andthebullmarketended.In1992,ShenzhenYuanyeCompanywasinvestigatedandsuspendedduetoissuessuchasthetransferofthechairmanoftheboardandtheembezzlementofthefundsofthelistedcompany.Thiswasthefirststocktobesuspendedfromtrading.

Pörssitila ja 5.1markkinaolosuhteet

In1993,theStateCouncilissuedthe"InterimRegulationsonStockIssuanceandTradingManagement",whichwasthefirstadministrativeregulationonstockissuanceandtrading.Inthesameyear,regulationssuchasthe"RegulationsontheAdministrationofCorporateBondsandBonds"andthe"InterimMeasuresfortheAdministrationofStockExchanges"werealsoissued.FromJuly1993toMarch1994,TsingtaoBrewery,ShanghaiPetrochemicalandothercompaniesissuedHsharesforlistinginHongKong.AttheendofJuly1994,theChinaSecuritiesRegulatoryCommissionlaunchedanumberoffavorablepolicies.OnAugust1,thetwomarketsreboundedstronglybymorethan30%.Onemonthlater,theShanghaiStockExchangeIndexexceeded1,000points,whichwasmorethanthreetimeshigherthaninJuly.InJuly1995,ChinaSecuritiesRegulatoryCommissionformallyjoinedtheinternationalorganizationofChinaSecuritiesRegulatoryCommission.TheSecuritiesCommissionoftheStateCouncilwithdrewin1998.OnFebruary23,1995,the"327turmoil"occurredintheShanghaigovernmentbondmarket.TheChinesefuturesmarketunderwentacomprehensiverectificationin1995,andfundsweretransferredtothestockmarket.InAugustofthesameyear,SichuanChanghongtransferreditslegalpersonsharestoanillegallisting,exposingtheriskofviolationsofregulationsandlawsbyvariousentitiesinthesecuritiesmarket,includingthestockexchange.TheShenzhenmarketexperiencedabriefperiodofprosperityin1996,andthenfellundertheinfluenceofpolicies.TheQiongMinyuancase,thelargestfraudcasesincetheestablishmentoftheChinesesecuritiesmarketin1997,wasinvestigatedanddealtwith.Inthesameyear,theChinaSecuritiesRegulatoryCommissionimposedpenaltiesoncompaniesthatviolatedShenzhenDevelopment,JunanSecurities,HaitongSecurities,Shenyin&Wanguo,GuangfaSecurities,andDapengSecurities.In1998,KaiyuanandJintaiclosed-endfundswereissuedandlistedonthetwoexchanges,markingtheofficiallaunchofChina'ssecuritiesinvestmentfunds.Attheendofthesameyear,the"SecuritiesLaw"waspassedbytheStandingCommitteeoftheNationalPeople'sCongressandformallyimplementedonJuly1ofthefollowingyear.OnMay19,1999,drivenbytheleadingstocksSichuanChanghong,ShenzhenDevelopmentandTechnologyNetworkconceptstocks,the5.19marketstarted,anewroundofbullmarketappeared,thistimethemarketreachedaround2245points.OnDecember12,2000,BaosteelCo.,Ltd.waslisted,andtheChinesestockmarketusheredinthefirstsuperlarge-capstock.OnAugust8,2001,anothersuperlarge-capstock,Sinopec,wentpublic,andtheChinesestockmarketbeganalongbearmarket.

Valtion omistamien osakkeiden vähentäminen

ThebiggestfeatureofChina’sstockmarketisthatstate-ownedsharesandlegalpersonsharesarepromisedtobenon-tradablewhentheyarelisted.Therefore,onlytradablesharesaretradedinthemarketaccordingtothestockprice.However,theindexisWeightedcalculationaccordingtothetotalequity,thusformingthecharacteristicsof"controlmorewithless"inthetrader.Forexample,NortheastElectricandJilinChemicalbefore1997aremoreprominent,becausetheirtotalequityisrelativelylargeandthenumberofoutstandingsharesissmall,soonlyasmallamountoffundsareusedtoaffectthesetwostocks,whichcanformpartofthecontroloftheindex.

After2001,theChinaSecuritiesRegulatoryCommissiongraduallyproposedtosolvetheproblemofnon-circulationofstate-ownedsharesandtorevitalizestate-ownedassets.Ithasintroducedsomeplans.However,intheinitialstageoflistingandissuance,tradableshareholderspurchasedtradablesharesatanultra-highprice-earningsratio,andtheseproposalshavemoreorlessharmedtheinterestsoftradableshareholders.Themarket'sdisapprovalofthestate-ownedsharereductionplan,coupledwiththeoutbreakoftheSeptember11incident,theburstingoftheUSInternetstockbubble,andtheShanghaiCompositeIndexfellfrom2,245tomorethan1,500,andenteredabearmarketsincethen.Undermarketpressure,theChinaSecuritiesRegulatoryCommissionannouncedthesuspensionofthereformof"reductionofstate-ownedshares".

Jaa jakomuoto

InJune2005,theShanghaiStockExchangeIndexofChina’sstockmarketfelltoabout998points.16.8%ofGDP.TheChinaSecuritiesRegulatoryCommissiononceagainproposedthe"share-tradingreform",theessenceofwhichisstillthereductionofstate-ownedshares.Thedifferenceisthatthisreformaimstoeliminatetheshare-trading,andeventhecirculationoflegalpersonsharesisincluded.Variouscompensationpoliciesfortradableshareholders(includingbonusshares,issuanceofwarrants,assetrestructuring,etc.),torealizethecirculationofequityformajorshareholders.Themarkethashugedivergenceontheshare-tradingreform,andsomepeoplethinkthatthejudgmentofthecompensationmethodisnotfair.However,startingfromthemiddleofthatyear,theChinesestockmarketonceagainenteredabullmarket.TheShanghaiCompositeIndexoncereachedmorethan6,000points,anamazingincrease,andaseriousbubbleinthestockmarket.

Pörssiromahdus

SincetheendofNovember2007,China'sstockmarkethasbeguntofallduetotheimpactoftheUSsubprimeloanproblemandtheexcessiveexpansionofthemarket.OnSeptember5,2008,theChinesestockmarketbrokethrough2245pointsinonefellswoop,fallingmorethan63%fromthehighestpointofthecurrentroundofthemarket,markingthedeepestdeclineintheglobalstockmarketatthattime.Mostmarketparticipantsbelievethatthemainreasonisthatthesizeofthenon-liftingbanhascompletelychangedtherelationshipbetweensupplyanddemandinthemarket.Inthefaceofdoubtsfrommarketinvestorsthattheconsiderationofthesharereformisobviouslytoolowandthesharereformhasfailed,thegovernmenthasneverresponded,norhasitintroducedpoliciesthatareconducivetotherecoveryofthemarket.Asthisroundofbullmarkethasattractedparticipationofallclasses,includingthemiddleclass,theirspendingpowerandbehaviorareaffectedtovaryingdegrees,whichhascausedhugechallengestotheChineseeconomytoexpanddomesticdemandandreducedependenceoninvestmentandexports.

Terminologia

Avaamishinta: viittaa päivittäisen tapahtuman ensimmäisen tapahtuman hintaan.

Päätöshinta: viittaa viimeisen pörssikaupanpäivän hintaan, eli päätöshintaan.

Numberoftransactions:Referstothenumberofstocksthatweretransactedontheday.

Highestprice:Referstothehighesttransactionpriceatwhichthevariouspricesofthestockstradedonthedayarethehighest.

Minimumprice:referstothelowesttransactionpriceamongthedifferentpricesthatweretransactedontheday.

Upgrade:Itmeansthattheopeningpriceismuchhigherthantheclosingpriceofthepreviousday.

Openlow:referstotheopeningpriceismuchlowerthantheclosingpriceofthepreviousday.

Marketstall:Referstoinvestorswhoarenotactivelybuyingandselling,andtakeawait-and-seeattitude,sothatthestockpricechangesverylittleontheday.Thissituationiscalledamarketstall.

Reorganization:Afteraperiodofsharpriseordecline,thestockpricebeginstofluctuateslightlyandentersastageofstablechanges.Thisphenomenoniscalledreorganization.Reorganizationisthestageofpreparationforthenextmajorchange.

PanJian: Osakkeiden hinnat nousevat hitaasti, jota kutsutaan PanJianiksi.

Softdisk: Varaston hinta laskee hitaasti, jota kutsutaan pehmeäksi levyksi.

Gap:Referstothestockpricestartingtofluctuategreatlyduetostrongbullishorbadnews.Agapusuallyoccursbeforethestartorendofamajorstockpricemovement.

Retracement:Referstothephenomenonthatthestockpricerisestemporarilyduetotheexcessiverise.

Rebound:referstothephenomenoninwhichthestockpricesometimesreboundstemporarilyduetotherapiddeclineinthefallingmarket.Thereboundwassmallerthanthedecline,andthedowntrendresumedaftertherebound.

Numberoftransactions:Referstothenumberoftransactionsofvariousstocksthatday.

Liikevaihto:viittausyhteisyritysten kokonaishintaan sinä päivänä.

Thelastbidprice:referstothepriceatwhichthebuyerwantstobuyafterthemarketclosesontheday.

Viimeinen tarjous: viittaa myyjän pyytämään hintaan markkinoiden sulkemisen jälkeen.

Longposition:Peoplewhoareoptimisticaboutthestockmarketoutlook,buystocksfirst,waitforthestockpricetorisetoacertainprice,andsellthestockstoearnthedifference.

Short:Referstoaninvestorwhohasbecomeastockpricethathasrisentoitshighestpointandwillsoonfall,orwhenthestockhasbeguntofall,itwillcontinuetofallandsellwhenthepriceishigh.

Riseandfall:Thedailyclosingpriceiscomparedwiththepreviousday'sclosingpricetodeterminewhetherthestockpricerisesorfalls.Itisgenerallyindicatedby"+"and"-"signsonthebulletinboardabovethetradingdesk.

Price:Referstotherisingandfallingunitoftheoutcry.Thepricelevelvarieswiththepriceofeachstockmarket.TaketheShanghaiStockExchangeasanexample:thepriceofeachstockmarketattheendof100yuanis0.10yuan;thepriceofeachstockmarketpriceof100-200yuanis0.20yuan;thepriceofeachstockmarketpriceof200-300yuanis0.30yuan;thepriceofeachstockmarketis300-400yuanTheyuanpriceis0.50yuan;thepriceofeachstockmarketpriceismorethan400yuanis1.00yuan;

Firmness:Referstothesituationthatstockpricesoftenfluctuateandstagnateinthestockmarket.Notcomingdown,Shanghaiinvestorscallthisadeadlock.

Allotmentofshares:Whenthecompanyissuesnewshares,itwillbeallocatedtoshareholdersforsubscriptionataspecialprice(lowerthanthemarketprice)accordingtothenumberofsharesheldbytheshareholders.

Askprice,quotation:Thelowestpriceatwhichaselleriswillingtosellastockinastocktransaction.

Quotecard:Largeelectronicscreenssetupbysomemajorbanks,brokeragecompanies,andstockexchangescanprovidecustomerswithstockquotationsatanytime.

Profitandlosscriticalpoint:Thebasepointofstocktradingvolumeonanexchange,beyondwhichaprofitwillbeachieved,otherwise,alosswillbeachieved.

Fillinginterest:Beforeex-dividend,thestockmarketpriceisapproximatelyequaltothemarketpricebeforetheex-dividendannouncementplusthedividendtobedistributed.Therefore,thestockpricewillriseaftertheex-dividendannouncement.Aftertheex-dividendiscompleted,thestockpricetendstodropbelowthestockpricebeforetheex-dividend.Thedifferencebetweenthetwoisapproximatelyequaltothedividend.Ifaftertheex-dividendiscompleted,thestockpricerisesclosetoorexceedsthestockpricebeforetheex-dividend,thedifferencebetweenthetwoismadeup,whichiscalledinterest-filling.

Parvalue:Referstotheparvalueofthestockoriginallyorderedbythecompany.

Viimeisimmät markkinahinnat

Yhdysvaltain pörssi

As"Sandy"isabouttolandontheeastcoastoftheUnitedStates,majorUSexchangesclosedthetradingfloorandelectronicplatformsonthe29th.Allstockandoptiontransactions.

Euroopan osakemarkkinat

Londonstockmarket"FinancialTimes"keskimääräinen hintaindeksi100osakkeestasuljettiin edellisenä kaupankäyntipäivänä.SaksanFrankfurtin osakemarkkinoidenDAX-indeksi suljettiin 7203,16 pistettä, laskua 28,69 pistettä tai 0,4 % edellisestä kaupankäyntipäivästä.

Taloudelliset tiedot

AffectedbyHurricaneSandy,followingthesuspensionoftradingonthe29th,theNewYorkstockmarketwillremainclosedonthe30th,whichwillbetheNewYorkStockExchangeformorethanacenturyForthefirsttimesince,themarketwasclosedfortwoconsecutivedaysduetoweather.

Hyödykkeet

As"Sandy"isabouttolandontheeastcoastoftheUnitedStates,majorUSexchangesclosedthetradingfloorandelectronicplatformsforallstockandoptiontransactionsonthe29th.

Ulkomaanvaluuttatilanne

As"Sandy"isabouttolandontheeastcoastoftheUnitedStates,majorU.S.exchangesclosedallstockandoptiontransactionsonthetradingfloorandelectronicplatformsonthe29th.

Viimeisimmät uutiset

[U.S.companies’performanceinthisearningsseasonshowsthatthehighertheproportionofoverseasbusiness,ortheworsetheperformance]FormanyU.S.companies,thisearningsseasonisscaryenough,Andforthosecompanieswithhugeoverseasbusiness,thisissimplyahorrorshow.

[Greekbankersmustmeetcapitaladequacyrequirementsthroughcommonstocks,etc.-news]PeoplefamiliarwiththematterItwasrevealedonMondaythattheGreekbankingindustrywillfaceacoreTier1capitaladequacyratioof9%whenitadvancesitscapitalrestructuringplan,andmustissueordinarysharestomeetacoreTier1capitaladequacyratioofatleast6%,andtheremainingpartwillbeItwillberaisedthroughtheissuanceofconvertibleinstruments.

[Europeanstockscloseddownandthehurricanehitsinsurancestocks]EuropeanstocksfellonMonday,andinsurancestocksledthedecline.MarketexpectationsareapproachingthepossibilityofastronghurricaneontheeastcoastoftheUnitedStatesThedamagecausedwillhurttheprofitsofinsurers.

[U.S.gasolinefuturesjumpedduetoHurricaneSandy,crudeoilfuturespricesfell]U.S.gasolinefuturesrosesharplyonMonday,andtheindexcrudeoilfuturespricesfellduetoHurricaneSandy.DiledtoasignificantslowdowninfueldeliveryontheeastcoastoftheUnitedStates,majorrefineriesclosed,oilpipelinesandportsclosed.

[Googlereleasedthefirst10-inchNexustabletandNexus4mobilephone]Googleannouncedtheadoptionof10onMonday.Nexus10tabletwithaninchscreen,andupdatedthemobileproductlineandonlinecontent.

[Sinopecin kolmannen vuosineljänneksen voitto kasvoi 65 % vuosineljänneksestä]Aasian suurin jalostaja, Sinopec, sanoi, että tämän vuoden kolmannella neljänneksellä voitto kasvoi 65 % vuosineljänneksestä,joka olipaljon kemiallistaturnausta tappiot voitoksi.

[Chinahasbecometheworld'slargestforeigndirectinvestmentdestination-MinistryofCommerce]Chinabecametheworld'slargestforeigndirectinvestmentdestinationinthefirsthalfofthisyear.Inthisregard,theChineseMinistryofCommerceTheheadoftheForeignInvestmentDepartmentsaidonMondaythat,despitethecurrentslowandtortuousglobaleconomicrecoveryandtheincreaseinuncertaintiesandunstablefactorsfacinginternationalinvestmentcooperation,Chinastillmaintainsastrongcompetitivenessinattractingforeigninvestment.

[Renminbiclosedslightlyhigherthantheintradayhigh]ChinaForeignExchangeTradingCenter'sRenminbiroseslightlyagainsttheU.S.dollaronMonday,breakingfromtheintradayrecordhigh.Intheafternoon,therewasaconcentratedpurchaseofforeignexchangeintheoilpan,andtheU.S.dollarindex.DXYstrengthened,bothThegrowthrateoftherenminbihasnarrowed.

[China'sSMEDevelopmentIndexcontinuedtodeclineinthethirdquarter]AccordingtodatareleasedbytheChinaAssociationofSmallandMediumEnterprises,China’sSMEDevelopmentIndexinthethirdquarterofthisyearwas87.5,adecreaseof2.8fromthesecondquarter.Point,thecontinueddownwardtrendhasnotbeenreversed,andtheindustrialindexhasfallenthemost.

[PenguinGroupandRandomHousewillmergetoformanewjointventure]PearsonandBertelsmannAGagreedonMondaytoPenguin,itsbookpublishingbusiness,mergedwithRandomHousetocreatePenguinRandomHouse,theworld'slargestbookpublishingbusiness.

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