Banks are now allowed to invest up to 25% of their paid-up capital in other listed or unlisted companies. Before, they are only allowed up to 5% in selected blue chips. This means that there will be very much more money in the market to buy shares.
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Sunday, January 14, 2007
Think ahead Beat the banks
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2 comments:
I think it is not easy to push down the blue chips.Perhaps other elements would cause it and the banks are waiting for this.In my opinions,dont expect big action from banks in the beginning of 2007.Around March or April the battle shall begin when the goverment shrink its share in the market.
Yes, I agree that the banks will not do anything yet.
If the government wants to sell their shares around March or April, they will push up the price now.
Why do you think the government will sell their shares in March or April? Can you explain?
Thanks.
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