www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Finance

Being bullish on convertible bonds in 2013

By Chen Jia (China Daily) Updated: 2013-01-21 11:16

Return rate may be as high as 6 percent in the first six months

The expected rebound of the Chinese securities markets in 2013 is likely to bring investment opportunities for convertible bonds, as economic growth may be at a faster rate compared with 2012, analysts said.

The Shanghai Convertible Bond Index has risen for eight consecutive weeks since Nov 19, 2012. During the week starting on Jan 6, the index was boosted by 0.48 percent, taking it to 284.63 at the close on Friday. Meanwhile, the Chinese stock benchmark index slipped 1.49 percent to 2243.

Being bullish on convertible bonds in 2013

Investors are being advised to hold more convertible bonds than debentures this year in their investment portfolios, according to Xu Xiaoqing, an analyst with the China International Capital Corp. [Photo / China Daily]

At the end of last year, the S&P China Convertible Bond Index, a benchmark indicator of the vitality of the nation's convertible bonds, showed an increase of 4.6 percent, the first gain in three years, following the 12.1 percent decline in 2011 and 3.9 percent fall in 2010.

By contrast, the government loan provided a return of 3.3 percent and the corporate bond brought a 7.3 percent gain to investors in 2012. In the meantime, shares included in the Shanghai Composite Index delivered a 5.8 percent return inclusive of dividends, according to Bloomberg News.

Being bullish on convertible bonds in 2013

Convertible bonds can be converted into a predetermined amount of the company's equity at certain times during their life. Essentially it is a bond with a stock option.

Currently, convertible bonds issued by 15 companies are trading on the Shanghai Stock Exchange. Another six companies are trading them on the Shenzhen securities market.

Investors are being advised to hold more convertible bonds than debenture bonds this year in their investment portfolios, according to Xu Xiaoqing, an analyst with the China International Capital Corp.

Xu predicted that in the first half of this year, the convertible bond return rate may increase to as high as 6 percent, as economic growth shows signs of a moderate rebound, with an expectation of increasing inflation pressure and relatively eased monetary policy, elements that favor equity investment.

China's major industrial companies saw profits rise 22.8 percent from a year earlier to reach 638.5 billion yuan ($102.66 billion) in November, outstripping the 20.5 percent recorded in October and the 7.8 percent in September, according to data from the National Bureau of Statistics.

Rising industrial profits, together with other indicators including the manufacturing Purchasing Managers' Index and industrial output, show that the world's second largest economy is gaining steam after slowing for seven consecutive quarters amid weak global demand.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费人成网站在线播放 | 亚洲狠狠综合久久 | 日韩一级片在线播放 | 国产一级视频播放 | 国产精品久久一区一区 | 日韩黄色在线 | 女人让男人桶的小视频 | 一区二区三区在线播放 | 亚洲视频在线观看地址 | 亚洲成a人 | 国产妇乱子伦视频免费 | 视频一区在线免费观看 | 完整日本特级毛片 | 国产系列在线播放 | 成人在线播放 | 日韩欧美一区二区在线观看 | 最新亚洲精品国自产在线 | 欧美大片一级特黄 | 三级国产精品 | 日韩在线免费 | 99精品国产综合久久久久 | 99热免费在线| 伊人久久综合热青草 | 欧美性色一级在线观看 | 毛片日韩 | 国产舐足视频在线观看 | 精品一区二区三区免费站 | 91精品国产综合久久久久久 | hd最新国产人妖ts视频 | 日韩精品久久久毛片一区二区 | 黄色三区 | 五月色一区二区亚洲小说 | 欧美日韩在线观看视频 | 私人玩物福利视频 | 欧美成人福利 | 一级毛片aaa | 亚洲美女在线播放 | 国产v综合v亚洲欧美大另类 | 国产成人精品亚洲日本在线观看 | 99在线免费观看 | 拍拍拍又黄又爽无挡视频免费 |