Zhongjin Company Profile
Zhongjin Company is known as China International Finance. Founded in 1995, the famous financial institutions and companies at home and abroad were jointly investing in China's first Chinese and foreign joint venture investment banks, with registered capital of $ 125 million.
The largest shareholders of Zhongjin Company were originally a China Construction Bank in China's four major state-owned commercial banks. On September 17, 2004, China Construction Bank was divided into China Construction Bank Co., Ltd. and China Jianyin Investment Co., Ltd., China Golden Maximum shareholders changed to China Jianyin Investment Co., Ltd.
Other shareholders include Morgan Stanley International, China Economic and Technological Investment Guarantees, Singapore Government Investment Corporation, Common Group.
The so-called "Zhongjin Strategy Report" points ● Quarterly report performance see the top, the company's profit period falls, and the market segmentation will be lost, and once the funds of the funds disappear, the premium of the A-H shares cannot exist in theoretically. ● The three industries affecting interest rates are real estate, civil aviation, highways. According to the data last year, this loan interest rose by 27 BP, and the total profit of the civil aviation industry will decrease in more than 30%. Industries that have been hurt by raising interest rates are: airport, petrochemical, steel, agriculture, chemical fiber, pipeline transportation and other industries. The minimum impact is the shipping industry, and the interest rate hikes are only 0.30% influence on industry profits. ● From the experience of the stock market, there is a significant positive correlation between the market price level and the rate level of interest rates, and the A-share market is no exception. Referring to the pre-period (interest rate cut phase) event analysis statistics, such as 25 points of the benchmark interest rate, the impact on the valuation is around 10%. Considering the current level of the market currently on the rate of interest rates, we believe that the impact of this raising interest rate on the market valuation level is about 10%. The benchmark interest rate in the year will still be improved. If the benchmark interest rate changes 50 points, the market is still facing a large extent. ● This adjustment target bit is 1100-1140 points. Do not rule out the market may have a unilateral fall trend similar to June and September 2004, and investors should pay attention to risk control.
