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　　“十八大”明确提出 "Eighteen big"Clearly put forward

　　居民收入倍增目标 Residents income multiplier target

　　11月8日公布的中共“十八大”报告提出，到2020年，实现国内生产总值和城乡居民人均收入比2010年翻一番。这是中共首次明确提出居民收入倍增目标。中共“十六大”、中共“十七大”均未对居民收入增长提出具体量化目标。中共十七届五中全会首次提出努力实现居民收入增长和经济发展同步，但亦未提收入增长具体量化目标。国家统计局的数据显示，2010年，中国城镇居民人均可支配收入为19109元。

On Tuesday of the communist party of China"Eighteen big"report,By 2020,Gross domestic product and to realize urban and rural residents per capita income more than double by 2010.This is the first communist party put forward residents income multiplier target.the"16 big"/the"17th"Were not on the residents' income growth will put forward some concrete quantification target.The fifth plenary session of the 17th CPC for the first time puts forward that to realize income growth and economic development synchronous,But also did not mention income growth specific quantitative target.The national bureau of statistics data show,In 2010,,China's urban per capita disposable income for 19109 yuan.

　　点评：如果这个目标能实现，就不用怀疑未来十年内上证指数重上6000点，甚至登上10000点。

Comment on:If this goal can be realized,Need not doubt the future ten years the Shanghai index weight on 6000 points,Even on 10000 points.

　　10月CPI同比升1.7% October year-on-year CPI rise up to 1.7%

　　创33个月最低 Gen 33 months minimum

　　2012年10月份，全国居民消费价格总水平同比上涨1.7%。其中，城市上涨1.8%，农村上涨1.5%；食品价格上涨1.8%，非食品价格上涨1.7%；消费品价格上涨1.5%，服务项目价格上涨2.3%。1~10月平均，全国居民消费价格总水平比去年同期上涨2.7%。10月份，全国居民消费价格总水平环比下降0.1%，全国工业生产者出厂价格同比下降2.8%，环比上涨0.2%。工业生产者购进价格同比下降3.3%，环比上涨0.1%。1~10月平均，工业生产者出厂价格同比下降1.6%，工业生产者购进价格同比下降1.7%。

In October 2012,China's consumer prices rose 1.7% year-on-year in the general level.the,City rose 1.8%,Rural rose 1.5%;Food prices rose by 1.8%,Non-food prices rose by 1.7%;Consumer prices rose by 1.5%,Services prices 2.3%.1 ~ 10 months average,The national consumer price total level than the same period last year rose 2.7%.In October,The national consumer price total level link fell by 0.1%,The national industrial producers ex-factory price 2.8% year-on-year drop,Link up 0.2%.Industrial producers purchase prices fell 3.3% year-on-year,Link up 0.1%.1 ~ 10 months average,Industrial producers ex-factory price 1.6% year-on-year drop,Industrial producers purchase prices fell 1.7% year-on-year.

　　点评：整体看目前通胀压力较小，但具体分析，非食品项仍高于历史水平。

Comment on:The overall look at present small inflationary pressures,But a concrete analysis,The food item is still higher than the level of history.

　　玻璃期货将在近期上市交易 Glass futures will be in recent listing for trading

　　原油、国债、焦煤、菜籽油、土豆、鸡蛋等期货品种正在积极推进中，证监会主席助理张育军11月7日透露，玻璃期货已经获得国务院批准，近期将在郑商所上市交易。同时，证监会正在认真研究论证以原油期货为突破口，推动我国期货市场对外开放的基本思路和总体规划。他介绍，今年期货市场继续保持了健康稳定良好发展势头。今年5月，上期所成功推出白银期货，目前保持了平稳运行，有序发展。商品指数、碳排放权、期权等新的交易工具和战略性研发工作也取得了重大进展。

Crude oil/National debt/Coking coal/Rapeseed oil/potatoes/Eggs and futures varieties are actively pushing forward to the,Securities regulatory commission chairman assistant ZhangYuJun November 7 revealed,Glass futures has won the approval of the state council,In the near future will be in the listing for trading of zce.At the same time,Securities regulatory commission is careful research to crude oil futures as a breakthrough,To promote the country's futures market opening up the basic train of thought and overall planning.He introduced,This year the futures market continue to maintain a healthy and stable good momentum of development.In may this year,Prior period have successfully launched in silver futures,Current is kept a running smoothly,Orderly development.Commodity index/Carbon emissions/Option and so on the new trading tools and strategic research and development work also has made a great progress.

　　点评：期货交易品种确实日益丰富了，但是更需要的是完善的期货管理制度。

Comment on:Futures trading varieties really increasingly enriched,But more need is perfect futures management system.

　　首只场内T+0货币基金获批 Only the first floor T + 0 monetary fund approved

　　据悉，首只场内T+0货币产品——汇添富收益快线货币市场基金（简称“添富快线”）获批，将于近期发行。“添富快线”由汇添富基金联手上海证券交易所和中国证券登记结算公司共同推出。该货币基金的申购和赎回均在证券账户中操作，无需资金转入或转出。有别于传统货币基金申购T+1日生效、赎回T+N（不同基金的N值不同）到账的模式，该基金的申购、赎回均实现了T+0，即申购当日即可享受基金收益，而赎回当日资金即可到账，大幅提高了投资者的资金使用效率。投资者的证券账户成为综合财富管理账户，资本市场服务于广大投资者的功能进一步增强，资本市场进一步获得巨大的潜在资金来源。

It is reported,Only the first floor T + 0 currency product -- exchange add rich income express money market funds(Referred to as"Add rich fast line")approved,Will be issued in the near future."Add rich fast line"By the exchange fund to add rich Shanghai stock exchange and the China securities depository and clearing corporation together with.The monetary fund explain buy and redemptive are in the securities account operation,No funds into or roll out.Different from the traditional monetary fund purchase T + 1 effect/Redemption T + N(Different fund N value different)To account the mode of,The fund purchase/Redemption are realized T + 0,Namely explain buy day can enjoy fund income,And on that day can redeem funds to the account,Greatly improve the efficiency of using the capital investors.Investors securities account become comprehensive wealth management account,Capital market services to all the investors function further enhance,Capital market further have great potential source of fund.

　　点评：只要其收益率高于银行活期存款利率，该基金的发行将直接对银行活期存款产生冲击，最先使用该理财工具的应该主要是企业和机构。

Comment on:As long as its yield higher than the current deposit interest rate of the bank,The fund will be issued directly to deposit money impact,The first to use the financial tool should be mainly enterprises and institutions.

　　柯兰钻石：投资钻石成新趋势 Lorrin Koran diamond:Investment diamond into new trend

　　近期，除了黄金及其他贵金属之外，钻石投资成为部分投资者的新选。据柯兰钻石相关人士透露，目前，一些百万级的钻石成为这些买家的目标，其主要原因为钻石的稀缺性。据介绍，钻石是开采成本昂贵的矿产，目前大部分资源垄断在少数机构手中，钻石供货价格一直掌握在国际供应商手中。

recent,In addition to gold and other precious metals outside,Diamond investment become part of new investors choose.According to relevant personage diamond lorrin Koran said,At present,Some millions of the diamond of class become these buyers goal,The main reason for diamond scarcity.According to introducing,Diamonds are mining cost expensive mineral,At present most of the resource monopoly in a few institutions hand,Diamond supply price has been master international suppliers in hand.

　　点评：钻石品质的鉴别需要较强的专业性，因此投资需要谨慎。

Comment on:The diamond quality identification need strong professional,Therefore need careful investment.

　　单祥双：PE进入深度调整期 Shan double:PE into the depth adjustment process

　　“作为从业人员，我的体会是，这个行业的负增长是80%，到了2012年，全行业资产缩水至少三分之一以上，PE行业的严冬真正到来了。”10月31日，投中集团年会当中，中科招商董事长单祥双表示，PE行业开始进入深度调整期，目前，大部分机构的应付策略为“猫冬”。

"As employees,My experience is,The industry's negative growth is 80%,By 2012,The industry assets shrink at least more than a third,PE industry winter really arrived."October 31,Hit group of annual meeting,Zhongke investment chairman shan double said,PE industry starts to enter the depth adjustment process,At present,Most agencies coping strategy for"Feline winter".

　　点评：冬天来了，春天也就不远了，坚持熬过去，就能看到曙光。

Comment on:If winter comes,Spring is just around the corner,Adhere to the boil over the past,Can see the dawn.

　　看多理由 See many reasons

　　上投摩根认为，目前A股市场受到政策预期不明确和投资者情绪影响仍处震荡格局，后续经济数据如能进一步强化经济复苏信号，将为市场带来明显支持，板块上我们中长期看好契合中国经济转型的成长性行业。如果政策放松力度加大，市场拐点明朗，金融、地产、机械和建材会有阶段性机会。预期到年底前，市场大致仍是窄幅震荡态势，上行空间略大于下行空间，年底有望震荡收红。

For Morgan think,At present A share market by policy expectations are not clear and investor sentiment influence still at concussion pattern,Subsequent economic data such as can further strengthen economic recovery signal,For the market will bring obvious support,Plate our long-term value fit China's transition economy growth industry.If policy relaxation efforts to strengthen,Market inflection point clear,financial/Real estate/Mechanical and building materials will be phased opportunity.Expected by the end of the year,The market generally is still a narrow range of shock trend,Ascending the space is slightly bigger than descending space,The end of the year is expected to shock the red.

　　华富基金认为，未来政策将进入一个真空期，考虑到流动性指标与市场情绪指标低位徘徊的态势未有根本改善，预期市场在底部盘整的概率较大，看好金融、地产行业。市场估值方面，上证综指、中小板指数与创业板指数均处于估值低位，具备一定的吸引力。

Or fund think,The future policy will enter a vacuum period,Considering the liquidity index and market sentiment index low wandering situation no fundamental improvement,Expected the market consolidation at the bottom of the larger probability,Valued financial/Real estate industry.Market valuations aspects,Shanghai composite index/Small and medium-sized plate index and gem index are in valuations low,Have a certain appeal.

　　大摩华鑫基金认为，经济数据向好支持市场维稳。短期内，政策呵护和经济短周期反弹可能促使市场上涨，但市场的长期走势仍然取决于经济的未来走向。向好的经济数据有力地支撑了市场，投资者由关注政策“维稳” 转而关注经济见底企稳，市场信心显著增强。投资者偏好由稳定增长的防御类板块转向低估值的周期类板块。

Morgan JHNCC fund think,Economic data is going well support market dimensional stability.In the short term,Care policy and economic short period rebound is likely to make the market's upward,But the market long-term trend still depends on the future direction of the economy.To good economic data effectively support the market,Investors by attention to policy"Dimensional stability" To focus on economic see bottom stabilises,Remarkable increase of market confidence.Investor preference by the steady growth of the defense class plate to low valuation of the cycle class plate.

　　国海富兰克林认为，对于四季度的股市不宜过分悲观，四季度经济增长将在流动性环比改善、制造业投资短期反弹以及基建保持当前环比节奏的前提下出现环比回升，但同比可能继续小幅下降。

GuoHai franklin think,For the fourth quarter of the stock market shoulds not be too pessimistic,Four quarter economic growth will be in liquidity link to improve/Manufacturing investment short-term rebound and infrastructure to keep the current link under the premise of rhythm in link picks up,But up may continue to decline slightly.

　　看平理由

See flat reason

　　●大成基金近日认为，短期经济数据出现回暖的概率较大，但市场信心仍然不足，对经济向好的持续性存在很多分歧，影响后续走势的不确定因素仍较多，预计短期仍将维持震荡格局。

Dacheng fund that had recently,The short-term economic data appear warms up in the larger probability,But the market confidence insufficient still,To economy to a good sustainable existence many differences,Influence subsequent movements still more uncertainty factors,Expected short-term will remain concussion pattern.

　　●博时基金认为，证监会近期正在讨论扩大RQFII试点机构范围，增加1000亿元至2000亿元投资额度，并有计划未来逐步推进内地与香港跨境基金互认与销售。这对A股市场是利好消息，但即使增加1000亿额度，对于整体A股市场的影响力度有限，更多是心理的影响。

- when rich fund think,Securities regulatory commission recently are discussing RQFII expanding the pilot range of institutions,An increase of 100 billion yuan to 200 billion yuan investment quota,And in a planned way future gradually promote the mainland and Hong Kong cross-border fund recognition and sales.The a-share market is good news,But even an increase of 100 billion line,For the overall a-share market influence strength limited,More is psychological impact.

　　●富国基金(博客,微博)认为，本轮反弹行情恐充满波折。市场观望情结依然较浓，追涨意愿不强。一方面市场本身持续热点不太突出；另一方面在当前形势下，做空的动力减弱，在跌至2053点附近时，两市成交额迅速下降。

- rich fund(blog,Micro bo)think,This rallies fear of full of twists and turns.Market wait-and-see complex remains relatively concentrated,To chase after go up is not strong.On the one hand the market itself continuous hot spot is not quite outstanding;On the other hand, in the current situation,Do empty power abate,In the fall to the near 2053,Two city turnover fell rapidly.

　　看空理由

See empty reason

　　某私募基金经理认为，如果政策面没有有效地被市场认同，未来创出新低的概率很大。

A private equity fund managers think,If the policy surface are no effective market recognition,The future makes new lows and great probability.

　　某私募基金经理认为，本月中后期，因为政策真空、资金陆续出局等因素，市场则将以下跌为主。

A private equity fund managers think,In this month,Because policy vacuum/In such factors as fund out,The market will drop to give priority to.