日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Interest tax slash won't impact stock market seriously

By Shangguan Zhoudong (Chinadaily.com.cn)
Updated: 2007-06-28 13:53

China's top legislature yesterday began discussing a draft bill that would suspend or cut the longstanding tax on interest earned on personal savings, but experts said the interest tax slash won't impact the stock market seriously, the China Economic Times reported today.

"The role of canceling or reducing interest tax in increasing banks' deposit is limited," said Zhao Xijun, finance professor with the Renmin University of China.

"The outflow of deposits to the stock market is due to (the fact that) investors expect a higher return from the more attractive stock market," Zhao said.

The interest tax slash won't immediately change the money outflow, and in the meantime, if China's inflation keeps at 3 percent growth within this year, the role of the slash will be limited to stop capital inflowing to the stock market, according to Lin Chaohui, an analyst at Guotai Junan Securities.

"Even if the interest tax was cancelled, when the rising inflation is taken into account, the true rate will still maintain in negative territory," Zhao said.

Special coverage:
Markets Watch

Related readings:
 Interest tax may be cut or suspended soon
 A duo of measures considered to stop deposit outflow
 Special bond issuance targets excess liquidity
 
Hot money inflows to be curbed

If the real interest rate remains negative for a long time, it will not be good for the economy, said assistant central bank governor Yi Gang during the weekend.

According to Zhao, with the improvement of China's economic structure, institutions and residents will pay more attention to investment products with higher yields, such as securities.

"Due to Chinese residents are able to bear risks and willing to invest money for higher returns, so the bull stock market is their first choice of course," said Huang Changzhong, a researcher with China Securities Research Co Ltd.

"It's difficult to stop the deposit flowing to the stock market by only canceling or halving the current interest tax," Huang added.

"Compared with the interest rate hike, the interest tax slash will have a very limited negative impact on listed companies, because they won't suffer from the unchanged interest rate as the credit costs are still unchanged," Huang said.
12  

(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 婷婷色在线 | 亚洲一区二区视频在线 | 在线观看国产一区 | 亚洲精品美女 | 激情国产在线 | 国产精品入口 | 色婷婷在线视频 | 亚洲观看黄色网 | 激情国产在线 | 黄色一级免费网站 | 超碰黄色 | 蜜臀99久久精品久久久久久软件 | 日韩成人动漫 | 国产精品毛片久久久久久久av | 日本丰满少妇黄大片在线观看 | 精品视频久久久久久 | 国产精品video | 国产欧美日韩久久 | 久久久久久精 | 精品国产成人 | 国产精品国产高清国产 | 视频一区在线观看 | 黄色影院av | 91精品国产乱码久久久张津瑜 | 欧美日韩亚洲综合 | 欧美三级一级 | 毛片在线免费播放 | 四虎永久免费影院 | 欧美视频在线观看免费 | 国产三级精品三级观看 | 国产精品视频网 | 欧美一区二区视频在线 | 免费成人视屏 | 黄色av一区二区 | 国产一区综合 | 欧美亚视频 | 婷婷色中文网 | 在线免费中文字幕 | 国产一区二区三区在线看 | 三年中国国语在线播放 | 欧美激情小视频 |