the disintegration was inevitable

Guangdong investment General Manager Li Wenhui da Ke: recently, the peripheral European debt crisis to drag on index of shares in retreat, the Shanghai composite index again falling below 2,400. At a time when market panicked again, Guangdong star g Investment Management Ltd General Manager Li Wenhui to recent business news of the financial literacy of reporters: "this time, the team has been committed to the selectionOut of the Fund's portfolio, the subject does not exceed 8, an interval below our index of 2,400 points, fixed investment and gradually build positions will be taken, as down as possible. 　　"The main capital stocks (eleven-twenty fifths) unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved! Of the financial literacy: youRunning on to the market's future?　　What factors influenced the market run? Li Wenhui: recent adjustment of a shares was largely influenced by the domestic impact of austerity measures on economic entities, as well as under the influence of such policies, market expectations of self-reinforcing; also, under the influence of peripheral European debt crisis. As long as expected cash, this expectation will be deprecated, therefore, the broader market nextContinuing may down. From the domestic fundamentals, China has a lot of companies, particularly in the company of some traditional industries, their growth encountered a bottleneck. Under the influence of rising cost of fixed assets, relatively high cost of domestic enterprises as a whole, it also puts pressure on emerging industries. New industry prospects while very good, very great growth potential, butIs really going to start these industries, and involves the problem of the cost of capital, many new industries intervention are VCs, expect 10 times, 20 times times earnings, capital costs are too high can affect the persistence of the venture capital.　　Of the financial literacy: what factors could change the market's decline in the future? Li Wenhui: a-shares more factors involved than, one Fund, one is politicalStrategies, these improvements can bring up confidence, confidence in change depending on the funding side, policies of change. Monetary policy is relaxed in the late is a more important factor, markets had a similar expected before, but can't have such a big change. Prior to the CPI, the market also needs to go sideways for a period of time. Prices remained stable at least. PropertyPrice, real estate, raw materials as a whole. Late 2008 early 2009, invest 4 trillion when quotes are not immediately. Some localities have similar voices the old republic power leveling, such as Wuhan is composed of 10 trillion, but these are empty words. Some speculators to take this opportunity to shipment, and local policies have little effect, the main or Central is the substantialPolicies.　　Only Central had relaxed voice of the clearer there, would be more clear.　　Of the financial literacy: now it's time to layout did? Li Wenhui: from 2,400 to 2,200, downside risks to these 200 points still could afford, if the 2,200 point ~2400 point continues to fear, not to wait for the clear upMarket intervention stock may have reached 2,800 points.　　If there was no positions may takong. Seen from the time span, time interval positions are by March next year. Before and after the Spring Festival next year, gradually built positions to at least to 50%. The five positions (even 80%) positions cost towards near the 2,200 range. The rest of the funds, Consider doing lower-band. Now is the end of 2011 approaching in early 2012, from the 2007 point to its 5th year now, bears for 4 years, total cow's time has arrived. From childhood, we cycle Division to seize the market, the 2012-2014 between the years, there are two big rebound cycle, approximately in January 2012~2012 in June or July, the September time period of December 2012 to 2014, we will be more positive.　　The financial literacy of you is how to do this in the near future? Li Wenhui: from July to now, we basically dominated by fixed-income, other subject-matter of Supplement. Stocks we have been doing short, positions are not high. Now have about 40% shortPositions, but there are strict wind control indicators; this year after spending four seasons before February next year, we may be referred to higher status positions. It is time to slowly change from short to long term. The next two years, I have 90%, and 3~5 and selected stocks as the combination. Long-term investment in the future can do at least two years. Problem is that your funds are long-term funding,Investors are short of funds, that his style must be short.　　And our policy is quarterly, policy set in late in the third quarter of this quarter, next quarter's policy has not been decided, in December.　　Of the financial literacy: whether the two-year term investment means that the bull market is coming? Li Wenhui: bull market it is hard to say, I hope that the future is a bull market, but the rootsAccording to my present model, data came up inflection points. If these data generated inflection points, you can have beyond the two-year bull market. Fundamentals is now variable, when these factors are also very easy to judge direction. Take a separate factor of view, may not be a crisis, but rather opportunities. But everything is still in deadlock, it is difficult to judge the bull market coming. WeThe crux of economic structural adjustment and transition in the future, the disintegration was inevitable swtor power leveling, with "demand-driven" as the main line, "structured investment."　　Of the financial literacy: is there any good plates? Li Wenhui: bullish on food safety, environmental protection, medical (equipment), new materials and technology, focusing on economic restructuring, domestic demand-oriented stocks, stressedStaying power. Stocks broke out of time is only 2 years, but do not know when it starts, when the end.