March 25 Market Information

 1, 60% of the profits of the pharmaceutical industry shall be placed on pharmaceutical companies
Daily News (Xinhua Xiao Wei) rapid growth of the domestic pharmaceutical industry last year, industry insiders estimate that in 2008 the pharmaceutical industry realized 750 billion yuan to increase in 2012 will still be nearly 20% growth rate, then, the nation's largest pharmaceutical companies may reach 1,000 billion size. However, the performance of high growth has not brought substantial profits to enhance the domestic pharmaceutical companies.
yesterday, the competitiveness of enterprises subject of Chinese medicine Group Director Li Lei Quedui pharmaceutical industry have different views. He said: growth in 2007 and did not benefit, the real benefit is the joint pharmaceutical enterprises. Source: Beijing Business Daily)
2, strength: a large hospital regional health planning is an important part of the new medical reform

China Business Times in recent years around the development of new healthcare reform, there is extensive and heated debate, the health reform program is also delay in the final surface. The two of them this year, party secretary of the Ministry of Health, Deputy Minister Gao Qiang has also this year's two sessions, and finally the first times publicly disclosed details of the new health reform program. , then there will be a revised process for implementation as soon as released. gradual reforms to make health policy
drugs to drugs to support medical drugs that increase revenue to the hospital-based compensation mechanism has been implemented in China for many years, but this mechanism in the promotion of hospital development, but also increased patient medical expenses. The medical treatment is difficult, going to school difficult, hard to buy a house in the new period has been dubbed the ; an important reason. It is reported that China Pharmaceutical Enterprise Management Association, the State had handed over a income of more than 500 billion yuan profit, hospitals and doctors from the pharmaceutical companies received an annual to some extent driven by rising drug prices, this must be changed. The upcoming new major hospital for medical reform Reforming the compensation system. strength that in the future by increasing financial subsidies to adjust the way some medical charges to make up the hospital due to drugs make health system reform, the reduction in income, protection of the hospital's basic operation. nonprofit hospitals, infrastructure, large-scale purchase of equipment, personnel training and some loss of policy, the Government must bear the expenses.
In addition, the CPPCC proposal during the consultation process, party secretary of the Ministry of Health, Vice Minister Gao Qiang said another insider medical reform: will the implementation of health reform, the big hospital reforms will not be implemented in community hospitals play an active role in their own development, but those people have to rely on the financing of medical charges to return, in fact, the practice of increasing medical burden of the masses. the development of large hospitals have a regional health planning, regional health planning this health reform is an important part of the program.
OK in the end is that the Hospital, maintain the public welfare, the Government provides free or partially free of public health and basic medical services; the main body of funding to the purchase of medical services to medical institutions.
2008 年 1 month, Health Minister Chen Zhu clear: Government investment in health services will take into account supply-side and demand side, investment priorities for public health, rural health, community health and urban and rural residents in urban basic medical insurance. In addition, several sets of previously collected medical reform program, a dispute. The ratio will be determined according to specific circumstances. expected after the introduction of two medical reform.
Chen Zhu said that health reform program will also subsidize patients and hospitals, and according to the proportion of specific conditions. In the Hospital, the first is to strengthen the grassroots,县乡村三级 community and rural hospitals; and for patients subsidies,cheap UGG boots, subsidies for new rural cooperative medical care on the one hand, on the other hand subsidies to community residents, medical institutions so as to maintain public welfare.
this end, public health agencies will full implementation of budget management, the Government established the urban community health service centers (stations) and township hospitals, and other basic medical and health institutions to explore and expenditure, public health and health care funding and other measures the total amount of advance, the implementation of strict budgetary management and to explore the addition of drug price reform policy. The so-called full implementation of the budget management of public health institutions, that is, the public health sector into the government budget for all revenues and expenditures, the income handed to the finance, spending all funding from the government budget.
Chen Zhu also said that community hospitals would be primarily for the residents and other public health services, disease prevention and general common disease, chronic diseases and other basic public health services, and large hospitals have to bear the Intensive and Diagnosis and treatment of difficult cases.
Not only that, according to Gao Qiang, said health reform program, based on the authorized strength in science, the government will protect the rural and community health infrastructure funding, staff resources, protection of public health services they need funding. public health agencies will implement the full budget management and expenditure. program proposed capital construction of hospitals, large equipment purchase, personnel training and the loss of the hospital have a policy of financial commitment by the government. ; this year's central budget to the health of more than 800 billion yuan in total, with last year's 300 billion left a total of 1100 billion yuan. expansion of vaccination, strengthening the fight against AIDS and so on.
In addition, nonprofit health care services will run at the county level hospitals and township health centers to implement each. In the new health care reform, the government will take various forms of support for village health room construction, substantial improvements in rural health care, and improve health service quality. to county hospitals as a leader, as the backbone of township hospitals and village clinics in rural areas based on three-tier health service network will accelerate the establishment and improvement.
clearly defined profit and nonprofit hospitals
is well known that the reform of medical institutions, health care reform is an urgent task, and one of the key issues is to clearly define the for-profit, non-profit medical organization boundaries.
Hospital public interest, we must also introduce some market mechanisms to promote the rational development of health services. to allow for-profit hospitals and nonprofit hospitals exist, the key is to draw a strict distinction between scientific and standardized criteria. explained to the private hospitals should also carry the same national treatment, we should see them as Chinese medical and health services an important part. For them to develop scientific and rational policy, not necessarily for profit private hospitals and public hospitals is not necessarily is a non-profit.
define the standard for the present unclear. hospitals, the key to it is in line with the Government to formulate standards for nonprofit hospitals.
, can apply to become a non-profit, you can enjoy preferential policies such as tax exemptions, subsidies and so on. However, the hospital must provide the corresponding basic medical services. If the hospital is a profit, then we must follow the rules of business system to manage, adding them with strict sanitary supervision, to ensure that two different types of medical institutions and healthy development. An important part of social capital to absorb more of the development of a number of private hospitals, medical institutions to form a reasonable competition. on the implementation of equal treatment in private hospitals must also develop a number of scientific and rational policy.
, and whether profit or nonprofit, the provision of medical services should be the same. Japan, the new health reform program will soon be for the community to solicit opinions, relevant departments are studying the development of specific reform package file. He organized the State Council Development Research Center of the China Development Forum 2008, speech at the briefing, to deepen the health care system The basic goal of reform is to establish universal coverage of basic health care system, to achieve universal access to basic health services.
Chen Zhu: impact of new health care reform to solve institutional problems in development Yiwei
2008 年 March 23 afternoon, Health Minister Chen Zhu attended the and sexual health services can be significantly enhanced and fairness. He also pointed out that China's health in general lagged behind the development of economic and other social development and deepening health system reform is imperative
3, breaking the RMB against the U.S. dollar 7.05 mark
China News
3 月 25 日 interbank foreign exchange market U.S. dollar central parity of RMB exchange rate: 1 U.S. dollar for 7.0436 yuan, breaking 7.05 mark central parity rate, then a new high since the reform of foreign exchange.
People's Bank of China authorized by China Foreign Exchange Trade Center, March 25, 2008 the interbank foreign exchange market, trading currencies against the dollar and other central parity of RMB exchange rate: 1 U.S. dollar for 7.0436 yuan, 1 euro for 10.8700 yuan, 100 yen RMB was 6.9936 yuan against 1 dollar of 0.90502 yuan, 1 pound of 14.0048 yuan.
4, Asia and the Pacific Summary: Asia-Pacific stocks surge
collective Sina Finance News by U.S. stocks rose of the Asia-Pacific stocks surge 25 collective . Japan's Nikkei closed up 2.1%; the Korean stock market rose sharply higher for six days; Australian shares rose 3.3% to a three-week high; the Chinese mainland market has stabilized stabilized today, slightly. does not close the market, Shares of the Singapore Straits Times Index rose 2.4% to 2998.51 points; half-day Hong Kong Hang Seng Index closed at 22,063 points, up 955 points.
25 in Shanghai and Shenzhen in Mainland China successors continue to decline sharply lower on the day before, early heavyweight re-sell into, pressed the stock's rebound in oil (19.01, -0.82, -4.14%, right), drag Sinopec, the Shanghai Composite Index once again turned down, Zhu Bo down; the afternoon, Bank real estate starting offensive awakening , noon to undertake the broader market before the close of the two cities to launch the offensive momentum of blue chips, both reverse the meteoric rise, but some correction in heavyweights, the Shanghai Composite 3659.21 points in the Mogao down there; late in the Industrial and Commercial Bank (5.72,0.20,3.62 %, bar) to exert upside, driven back into a stock index and the meteoric rise above 3600 points. Shanghai Composite Index opened at 3559.94 points, up 3,659.21 points, the lowest 3,521.53 points to close at 3629.62 points, up 3 points, or 0.09 % turnover of 77.83 billion yuan; Shenzhen Component Index opened 12,889.76 points today, the highest 13,568.50 points, the lowest 12,717.96 points to close at 13,427.29 points, up 329.04 points, or 2.51%, turnover of 36.279 billion yuan.
25 Taiwan stock market Japan fell, and Taiwan weighted index closed at 8,795.09 points a day, down 70.26 points, or 0.79%.
Hong Kong stock market following the U.S. stock market rose 25 Hang Seng Index opened 909 points higher morning session, half-day to close at 22,063 points, up 955 points; the mainland stock market Although fall further, but still state-owned enterprises index surged, up 568 points to 11,404 points.
25, the Korean stock market sharply higher, higher stock index has six consecutive trading days. As of 25 closing, South Korea's Kospi index was at 1674.91 points , 1.18% higher than the previous day. stocks, Kia Motors was up 1%, and affiliates of Hyundai Motor also rose 1.9%.
Japan's Nikkei closed up 2.1% from 25, Canon and other exporters rose ; by the yen against the dollar from last week's nearly 13-year high impact, exporters profit outlook worries eased. The Nikkei closed up 265.13 points at 12,745.22 points. Index ended flat Monday, with three-day suspension rally. TOPIX index was up 1.5% to 1,242.98, rising for the fifth straight day.
Australian stock market in the first trading day after the Easter holidays rose by 3.3%, led financial stocks, mining stocks can stabilize help to stimulate the market sentiment. According to the latest data, S & P / ASX 200 index rose 171.1 points, or 3.3% to 5353.5, for the March 10 closing the highest point since, in one fell swoop regain a 3.1% decline the previous day. individual stocks, Australia's biggest investment bank Macquarie rose 11.7%, to close at 55.30 Australian dollars, driven by good performance of financial stocks. Mining giant BHP Billiton (BHP.AX) rose 1.6% to 34.41 Australian dollars, Rio Tinto (RIO.AX) rose 0.6% to 117.00 Australian dollars.
because investors are increasingly optimistic about the short-term prospects will feel confident that the Singapore Straits Times Index 25 stocks higher midday, blue chip stocks sharply higher since the record high of three weeks. a foreign brokers, traders said, and he certainly believes that investors are increasingly convinced that at least from the short-term view, the worst is over. He believes that the market has bottomed out, will rebound in the future. As investors have buy them in the last trading day plunge in Chinese stocks, these stocks rebounded strongly. Straits Times Index rose 2.4% in midday to 2,998.51 points, rose to 2999.18 points in intraday trading.
by JP Morgan Chase Bear Stearns acquisition price and good second-hand housing sales increase in stimulation, three major U.S. stock index rose 1.5% across the board 24 over, the Dow rose to 1.52%.
5, the top ten institutions on city: Jedi counter opened bounce off the
2008-03-25 17:31:10 Source: NetEase
see more】 【Guangzhou Bandung: initial success and then rebound to watch bottom line
we estimate high, the market from tomorrow will be entered in the rally stage. short-term investors can consider buying, do a wave rally. Moreover, in holding time, you can slightly longer, such as about two weeks. at stock picking, from Today is the real estate section to see the aviation sector came out. If the chase seemed to a little high, and the new hot spot has not come out. Therefore, it is best to further look at tomorrow or the day after the rebound in the broader market out of the formal, then according to to set the disk.
see more】 【Jiuding Dresdner: market multi-defensive back is expected to begin brewing
oversold rally on Tuesday was Xianyihouyang broader trend in the two cities, the plunge in early trading stock index continues to drag on in the heavyweight bottom again, the trend was, fortunately, the market test a low inertia, the previous low of support come into play, expand the oversold rally, the market began to try multi-defensive back, was reported at the bottom line of small K Yang Xian. short-term point of view, some financial stocks intraday transaction, the market has defensive back multi-action, short-term market double bottom shape appeared, the market outlook is expected to brewing oversold rally, short-term trend of more critical heavyweights.
】 【see more Beijing's first card: warming boost markets around the two cities to see upside
run from the stock index, the two cities opened lower Tuesday after the inertia showed a significant upward trend Tandi, while the broader market is no new lows, and the Shenzhen into a mean, while the Shenzhen Composite Index also recovered a 5-day moving average, which Shanghai will naturally continue to rise with a strong demonstration effect. at the same time found that the daily combination of the two cities, although the broader market there are some differences, but both combination of both types are less stable, but turnover continued to shrink the operation of that money remains to be further increased enthusiasm, the market will remain relatively indifferent to chase the recent upward of available space continued to be very likely to be subject to certain restrictions, that is, that the shock upside could be the main tone of the two cities recently.
see more】 【Waring securities: the broader market fell close to the end market is expected to enhance the
currently oversold bounce has been published from the 2007 Annual Report to Look, whether it is large cap, small cap stocks or shares in the offer, the results are more substantial than the average annual growth in 2006. The broader stock index, the average price-earnings ratio from 16 October last year, about 46 times the current dropped to about 35 times, a decline of more than 24%. while the disc stock index average price-earnings ratio fell from about 90-fold to about 88 times the average small-cap stock index by about 80 times price-earnings ratio dropped to about 74 times, a decline was about 2.1% and 6.5%. It can be seen that since last October 16 to adjust the broader market since the current published results in 2007 on large-cap stocks have a greater adjustment of the overall valuation fell by almost 1 / 4; while the disk and adjustment of small cap stocks is relatively small and still maintain a high valuation. Therefore, from a valuation perspective, the market shares of the depth of the pre-adjusted value of their investments gradually emerging.
see more】 【Thailand Securities: technical rebound down the overall market valuation of any opportunity to show
hot market, despite the sharp shock between the two cities, but the market hot spots still visible. One is the full range of plate warmer air. affected by oil prices, Shanghai Airlines, Eastern Airlines, Southern Airlines and Hainan Airlines across the board limit, driving the surge in aviation sector led delivery index rose 3%. In addition to Vanke comprehensive real estate section, represented by the Shenzhen Component Index is the first to rebound in stabilizing the hero. list from the increase observed between the two cities on Tuesday, stocks rose more than 5% up to over a hundred only, showing that the overall valuation as the market down, chances are readily apparent technical rebound.
see more】 【SW: to do more power still further rebound in the broader market is still expected to open lower
Tuesday after the two cities to test a low inertia, the Shanghai Composite Index after the close to 3500 points, in China Ping An, China Merchants Bank, led by blue chip rebound, most stocks rise, the market power still exists naturally do more recently some blue chips such as China Pacific Insurance, China Shipping Container Lines, have been close to the issue price, to some extent irrational sell into the market has entered a stage, it is clear the recovery of market confidence will take time, the CSI 3516 constituted a periodic low point should be, after the second test a low, re-stabilize the broader market into the rebound, rebound upward pressure on the Shanghai Composite Index 3800m3900 points in the region. proposed bargain participation, short-term operation.
【 ],[down, is the broader market 3,500 points Revisited important reason. disk show aviation sector in the Eastern Airlines and Shanghai Airlines closed up, driven by upside, Hainan Airlines, Air China and China Southern Airlines and other firms are doing so well. Among them, Shanghai Airlines (600 591 ) there is still inertia upside opportunities. Shanghai Lujiazui and local shares of plates upside Jielong Industry sealed up, led by Fu Jen Catholic Shanghai, Waigaoqiao, Lansheng shares, Shimao shares of stocks are doing well. which Jielong Industry (600 836) is expected to hit a new high up. the real estate section cover upside in Poly Real Estate was up, driven by Huafa, Golden Group, Shimao shares, the Chinese enterprises and Network Po industry and other stocks also have the first edition of living stocks rose . which, Poly Real Estate (600048) to bargain-hunting participation. Overall speaking, the stage rally is expected to generate, not blindly short.
】 【see more Oriental Wisdom: A stock pick up the three bottom signal the approach of
to see who might have enough space reason to be pessimistic, but we do not ignore these warming signal, which ignited some spark in the U.S. market. Six months ago, the face of the Everyone sought after, and now, the came across the spark makes us feel a glimmer of warmth after the Easter holiday is one of Hong Kong stock market opened red, the Hang Seng Index opened 909 points higher morning session, half-day to close at 22,063 points, up 955 points, the performance of property stocks in particular, strong. So, Tuesday afternoon, A shares, led by property stocks under, and finally meteoric rise.
】 【Three consultants to see more: still time to do more confidence in the recovery index sharply in early trading Wednesday under the call
exploration to the last week lows, down once more than 2.87%. Chinese oil fell below 19 per plate, causing a larger drag on the index. afternoon in the Hong Kong stock index rose, spurred by the opening bounce violently. China Ping An, China Life Insurance, million Section A shares and other indicators have a larger pay. especially the Vanke A, intraday gain was approaching 9%. the larger market sentiment improved. bottomed stock index rebounded to do more to increase the power of the afternoon continued follow-up. Shanghai Composite Index was up 3.43 points throughout the day, recovered a hundred points lost in one fell swoop. The Shenzhen Component Index rose 329 points throughout the day. Bacheng stocks rose more than two cities, completely disappeared early panic, having a rally expected to continue.
】 【bearish Meeting Yang Investment: not yet out of the shock consolidation pattern of the broader market patient
species from today's leading decliners, China accounted for 20% of the oil that the super broader market indexes weight stocks hit a record low of 18.74 yuan from the issue price of 16.7 space for a meager 2 dollars, while the distance of 48.6 yuan on the first day opening price has fallen by nearly 30 yuan / share, shrinking by more than 6 percent. break when only super-carrier fell below 16.7 yuan, for all investors Psychology will form a fatal blow. now look at the broader market has not been finishing out of the pattern of shocks, investors still need to be patient to wait for prices to stabilize, in the afternoon under circumstances not yet clear, the proposed focus on small cap stocks, selected hot spots in some markets wet storage participation, exercise caution, Kuaijinkuaichu.
6, the U.S. electrical appliances: to actively intervene
Source: Securities Times
Rating: Recommended
rating agencies: the Great Wall Securities
recently , Midea shareholders of restricted shares issued an extension to lift restrictions on sale of shares tips bulletin. In this regard, analysts He Qifeng, said the company annual reports from the February 19 plan and the proposed additional disclosure from the February 28 stock since the resumption of trading , Midea is down nearly 40%. and the major shareholder and related parties for extension of lifting restrictions on sale of shares that the company management that the company's share price has become more reasonable, to maintain price stability in the signal is very clear. In addition, HE Qifeng that after the recent sharp decline in stock price after the investment already has a good safety margin, investors can bargain actively involved. The main reasons include: the next three years revenue compound annual growth rate will reach 38.8%; the current stock price and the company management exercise price of incentive stock options, compared with 20% of the space; valuation of higher margin of safety, the dynamic of 2008 P / E is only 18.5 times.
Therefore, the United States to maintain pre-electrical 2008-2010 EPS forecast, respectively, 1.49,1.89,2.37 yuan, to maintain the Today, our reporter Chen Jianjian

board has two cities Tong Ren Tang (market shares) (600,085) and other pharmaceutical companies publish five annual reports. In addition to Tasly (market share it) results fell in 2007, other four-year performance of the company are good news.
the trade, the deepening of the domestic health care reform and health insurance expansion to the pharmaceutical industry has brought a huge market space, but also more stringent drug administration, the pharmaceutical companies requirements continue to increase competition in the market for some time the state will remain fierce. For the ability to grasp the relevant policies, their own research and innovation capacity, product cost control ability, the ability to control the circulation market share until the capacity of the terminal are competition in the market will become the decisive factor in the ability to win.
billion yuan, up 48.89 percent; earnings per share of 0.537 yuan. Company intends to send 1 of 10 yuan (including tax) and to the capital fund of 10 Zhuanzeng 2.
Our main products are traditional Chinese medicine, some varieties of the manufacturer large, intense market competition. the company has been working on in recent years, the traditional varieties of types, specifications diversification, ongoing technical upgrading and transformation of species, complement and complete variety of structures. varieties sold during the reporting period achieved an increase of 63%, 6 % achieved an increase of the varieties more than 100%.
the same main Tasly Chinese medicine industry (600535) 2007 achieved total revenue of 279,491 million yuan, up 15.29% over the previous year; net profit of 17,774 yuan, up down 14.92%; basic earnings per share 0.37 yuan. Company intends to send 3 of 10 yuan (including tax). the company said, the company in January 1, 2007 from the full implementation of new accounting standards. According to relevant regulations, the start-up costs, etc. to into the current management costs, lower than the same period last year net profit result.
Huahai (market share it) the leading generic
Huahai (600521) 2007 operating income of 70,698.10 million, over last year 26.22%; net profit of 13,204.62 million, an increase of 19.19%; earnings per share of 0.57 yuan. Company intends to send 1 of 10 yuan (including tax) and capital reserve of 10 Zhuanzeng 3.
company, after several years of development, companies have been able to reach the international generic pharmaceutical company level, and by the international market, the initial recognition agents, successful integration into the international industrial chain of generic drugs, walk in the forefront of the domestic counterparts.
expects future 8 to 10 years, a large number of blockbuster type of drug patents expire, generic drug industry has entered a golden period of rapid growth. And the next three to five years, will have a lot of generic drug products to transfer to the domestic production, offers a rare opportunity for development.
Jinling Pharmaceutical (market shares) investment income to sing billion, an increase of 11.8% over the same period last year; net profit of 307 million, an increase of 46.2%; earnings per share of 0.61 yuan. Company intends to send 10 2.80 yuan (including tax).
Jinling Pharmaceutical investment income for the performance surge and well.'s 2007 realized investment gains 268 million, most of the stock market investment returns.
* ST potential drug (market shares) (600,568) also report released today. the reporting period the company achieved operating income of 186,016.96 yuan, up 25.23% over the previous year; net profit of 1,843.57 million, an increase of 121.26%; 0.15 yuan per share, the year the company received 14 million yuan of financial subsidies, not a small contribution to the company to profitability .
2008, the company and controlling shareholder of shares in asset replacement beads and non-public offering of shares of the reorganization, the company's assets after restructuring will be major changes in the structure, the company retaining the considerable size of the pharmaceutical assets, will be high-quality real estate and commodities into concrete business, the formation of real estate, pharmaceutical industry, the two main industry-based business structure. (This article Source: China Securities Journal)
8, Guangzhou, Bandung: deregulation policy to disclose the signal
Guangzhou Investment Advisory Group
Bandung growth Abstract: The policy is now revealing the financial deregulation, the market continued to decline to prevent the financial risk of the signal. but in concert with this is that the voice market, more and more rescue large. But ultimately, the interests of the non-tradable shares sold in the complexity of the game at this stage in order to fundamentally reverse the market structure is still very difficult study. at 11 o'clock on the 25th, the central bank website revealed the central bank, the SFC China Insurance Regulatory Commission, China Banking Regulatory Commission jointly issued by four ministries risk monitoring and assessment, early warning capabilities to further improve the financial risks, and guard against systemic risk, the effective protection of national financial security. The article mentioned, the ministries will focus on further enhancing the overall competitiveness of the securities industry, appropriate deregulation measures to step up implementation of the basic system, enrich the stock market products, continue to play a brokerage, proprietary trading, underwriting, asset management and other traditional business support services, and improve the comprehensive management level.
We believe that this opinion reveals financial deregulation, to prevent financial risk falling market signals. but in concert with this is that the market is also growing calls to rescue the market. But ultimately, the interests of the non-tradable shares sold in the complexity of the game at this stage in order to Grid fundamentally reverse the market ...