China Stock 中国证券

In the sea the first anniversary of the expiration of the Fund from the Department of QDII hit last month. Major investment by the Hong Kong stock market fell sharply the impact of the Department of QDII fund in October net shrunk dramatically, with an average net decline in unit reached 18.78 percent, reaching the sea over the past year the largest single month decline. The index of state-owned enterprises is also low so that only QDII on October 27 hit a new low since the establishment of units of the net.

10 a record monthly drop in

, according to TX Investment’s statistics, October 8 Department of QDII fund units fell by an average of 18.78% net for the QDII since last September to sea Since the largest single month decline, this is already the QDII consecutive six month net down.

funds from a single situation, a high position on the vote of ICBC Asia-Pacific region and the world’s largest decrease, respectively, to reach 22.47% and 21.49%. Castrol overseas Chinese worldwide (as of October 30), South global and global units Yinhua net down 17.89%, respectively, 17.74 percent, 16.56 percent and 15.97 percent. Fortis Haitong lower positions overseas and overseas Warburg more resilience, unit net fell 13.78 percent and 10.20 percent.

debt crisis by the United States at the worsening impact of the global stock market in October a rare simultaneous slump in history, in which the financial turmoil in the center of the U.S. stock market plunge, the Dow Jones index lost 13.95% a single month, in order to August 1998 decades the largest single month decline. U.S. stocks plummeted by

impact, as is currently the largest investment destination for QDII of the Hong Kong stock market performance even worse, it has become QDII net drag the main reason. According to Wind information statistics, Hong Kong’s Hang Seng index in October was the test of 10,000-point mark and hit a new low this year, and ultimately fell 22.47 percent, a record 11 years, the largest single month decline, while the QDII investment in state-owned enterprises the main index plummeted 27.11 percent. Asia-Pacific stock market, India and South Korea both decline in stock market index more than 23%, the Australian stock market fell 14%.

see also the lowest net

Department of QDII fund major investment in state-owned enterprises index October 27 record closing low of 4990 points, suffering from the impact, the only unit of the net value of QDII next to a new level, creating a new low since the establishment.

Among them, the Southern global, the Chinese world, the global unit ICBC in October fell below the net value of 0.5 yuan mark, the lowest, respectively, to explore the 0.4760 yuan, 0.4150 yuan and 0.4760 yuan, overseas and on Castrol Asia-Pacific vote in October on both below 0.4 yuan mark, the lowest reached 0.3390 yuan and 0.3220 yuan. May 7 this year to set up overseas in the Warburg October 27 mark below 0.6 yuan to 0.5880 yuan, May 26 Yinhua established a minimum net worth of global unit to 0.6290 yuan, June 27 the establishment of Fortis Haitong Overseas below 0.8 to 0.7680 yuan.

by governments at all costs to save the city of positive stimulus, global stock markets in October in the last four trading days of sharp rebound in October 28 to 31, state-owned enterprises index rose by 32%, QDII net bottom ensuing rebound, as of October 31, QDII units than the lowest point in the net generally rose more than 10%, of which overseas or Castrol is nearly 20% by the end of October and stocks made a strong rebound in a loss of QDII Range can be temporarily narrowed. it still takes time

inversion

Department of QDII fund in September last year to date in full year net during most of the time continued to fall in the embarrassing position, but QDII to achieve in a short time to see the possibility of reversal is still relatively small, the QDII managers for some time about the future trend of global stock markets is still not optimistic. South

three global fund managers said the Quarterly Bulletin, the fourth quarter of the global financial situation is likely to remain very difficult for the expected global economic growth can hardly be optimistic. U.S. and European authorities to take action to a certain extent to stabilize the financial situation and avoid further deterioration of credit risk. But the global economic slowdown fears out of the capital market is still the biggest obstacle to the haze. Warburg

overseas fund managers were of the view that the global financial crisis may still be in the next few years spread to the real economy. Financial system and the real economy “to leverage” and will be a long process, so even if the level of the current valuation is very low, but can only hope that the market rebounded slightly. The rising trend of the process of reversal occurred only in the fundamentals of the case before it would start.2008-11-04

QDII的资金部经历了净比例最大单月降幅下一步

在海上对从QDII的部门基金届满一周年，上月触及。香港股市大幅下跌，主要投资的平均单位净值跌幅在10月的净系QDII基金大幅缩水的影响，达到百分之18.78，达到过去一年海上最大单月跌幅。国有指数的国有企业也很低，只有10月27日QDII的袭击以来净单位的设立一个新的低点。

10月创纪录的下降

，根据天相投资的统计，10月8日QDII的基金单位处下跌了18.78％，为QDII的平均净值自去年九月以来，出海最大单月降幅，这已是连续第六个月QDII的净下降。

从单一的局面资金，对工银亚洲投票亚太地区和世界上最大的跌幅，分别高位，达到22.47％和21.49％。嘉实海外华人世界（截至10月30日），南方全球和银华全球单位净值下跌17.89％，分别为百分之17.74，百分之16.56和百分之15.97。海富通较低的位置华宝海外及海外更多弹性，单位净值下跌了百分之13.78和百分之10.20。

债务危机，美国在全球股市的影响日益恶化，10月下滑了难得的历史的同时，即在美国股市大跌的金融风暴的中心，道琼斯指数下跌13.95％的单月，1998年为20年8月单月的最大跌幅。美国股市大幅下跌

影响，是目前香港股市的表现QDII的最大的投资目的地，更糟糕的是，它已成为拖累QDII的主要原因。据风资料统计，香港恒生指数自10月是1.0万测试点大关，并创下今年新低，最终下跌了百分之22.47，创下11年来最大的单月降幅，而QDII的投资在国有企业的主要指数下跌27.11百分之。亚太股市，印度和韩国都在股市指数超过23％的跌幅，澳大利亚股市下跌了14％。

又见最低净

的QDII基金主要投资于国有部门，国有企业指数10月27日创下收盘的4990点低点，受此影响，该单位净值只QDII的下到一个新水平，创造了成立以来的新低。

其中，南方全球华人世界，全球单位，低于10月工商银行的0.5亿元大关，最低，分别净值，探索0.4760元，0.4150元和0.4760元，海外和嘉实多亚太表决都在0.4以下10亿元大关上，最低的达到0.3390元和0.3220元。 5月7日，今年在海外设立二十七马克低于0.6元的华宝10月0.5880元，银华5月26日成立了一个全球性的最低单位净值0.6290元，6月27日的海富通海外低于0.80.7680元成立。
由政府
不惜一切代价挽救正面刺激的城市，在10月全球股市在过去4个交易日大幅反弹，在10月28日至31日，国有企业指数上升了32％，QDII的网底随后反弹，截至10月31日，QDII的单位数目比净最低点普遍上涨10％以上，其中海外和嘉实多近20％的股票和10月结束时，出现亏损的强劲反弹QDII的范围可以暂时缩小。还需要时间

反转

年9月的QDII基金部全年净去年至今，在大部分时间持续下跌的尴尬地位，但QDII的实现1短的时间内看到逆转的可能性仍比较小，对一些对全球股市未来走势时的QDII经理仍然不容乐观。南

三个全球基金经理人表示，季报，全球第四季度的财务状况可能依然十分困难，预计全球经济增长难以乐观。美国和欧洲当局采取行动，在一定程度上稳定金融状况和避免信用风险进一步恶化。但是，全球经济放缓了资本市场的担忧仍是最大障碍阴霾。华宝

海外基金经理人认为全球金融危机仍可能在未来数年将蔓延到实体经济。金融体系和实际经济“杠杆”，将是一个漫长的过程，因此，即使在目前的估值水平非常低，但只能希望市场小幅反弹。在逆转的过程中出现上升趋势，只有在案件的基本原则才会开始。2008-11-04