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发帖数: 4796 | 1 'Emperor' stocks soar in China as Xi cleared for indefinite reign
Chinese speculators pounced on stocks with "emperor" in their name
on Monday, after the ruling Communist Party set the stage for President Xi
Jinping to stay in office indefinitely.
The party proposed on Sunday to remove a constitutional clause limiting
presidential service to just two terms in office, boosting prospects of Xi
remaining in power after the end of an all but certain second term set to
start next month.
Shenzhen Emperor Technology Co Ltd surged nearly 10 percent in morning trade
, while Anhui Yingjia Distillery Co - whose Chinese name includes the phrase
"greeting the emperor's carriage" - rose as much as 4 percent.
Harbin VITI Electronics Corp, which has words meaning "powerful emperor
" in its name, shot up over 7 percent at one point.
The broader market, meanwhile, rose less than 1 percent.
"This is pure 'stir-frying'. It has got nothing to do with
fundamentals," said Yang Hongxun, Shanghai-based analyst at investment
consultancy Shandong Shenguang, adding he expects those shares to be dumped
"pretty soon".
The "emperor" stock boost isn't the first such play by Chinese
speculators.
Last October, Hangzhou Huning Elevator Parts Co, a little-known Chinese
elevator maker whose name is similar to Chinese Communist Party theoretician
Wang Huning, surged after Wang got promoted to China's top political
body.
In November, 2016, when news headlines pointed to the likely presidential
election win for Donald Trump, shares jumped in Wisesoft Co Ltd - whose
Chinese name sounds like "Trump's big win". Yunan Xiyi
Industrial, whose Chinese sounds similar to "Aunt Hillary",
meanwhile slumped.
Bets on so-called "concept" stocks - a popular practice in China -
underscore the enduring influence of short-term speculators, despite a
campaign by regulators against "pump and dump" trading ahead of the
inclusion this June of China's A-shares in MSCI's global indexes.
Shandong Shenguang's Yang said the possible extension of Xi's tenure
could help ensure political stability and would be good for promoting
deeper and wider economic reforms.
Yang's view was echoed by brokerage Everbright Sun Hung Kai, which said
a more powerful Xi could make policy implementation more efficient, for
example at local government and state-owned enterprise (SOEs) levels.
But the market's knee-jerk response to the proposed constitutional
change already showed signs of being short-lived.
Vatti Corp, whose name stands for "Chinese emperor" in Chinese,
opened up 7.3 percent, but had retreated to be up just 1 percent by midday.
And meat products maker Huangshanghuang, whose name mimics an address by
subordinates to an emperor, also gave up sharp early gains.
(Reporting by Samuel Shen and John Ruwitch; Editing by Kim Coghill) | h*****3
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【在 W*****B 的大作中提到】
: 'Emperor' stocks soar in China as Xi cleared for indefinite reign
: Chinese speculators pounced on stocks with "emperor" in their name
: on Monday, after the ruling Communist Party set the stage for President Xi
: Jinping to stay in office indefinitely.
: The party proposed on Sunday to remove a constitutional clause limiting
: presidential service to just two terms in office, boosting prospects of Xi
: remaining in power after the end of an all but certain second term set to
: start next month.
: Shenzhen Emperor Technology Co Ltd surged nearly 10 percent in morning trade
: , while Anhui Yingjia Distillery Co - whose Chinese name includes the phrase
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