The Share Price Of Textile Company Plummeted, And The Asset Market Took The Opportunity To "Stir Up".
分析人士認為由于上調幅度不大，對股價影響不大，建議投資者不要盲目追漲
Successive bankruptcies and liquidation cases show that the financial crisis has begun to play a role in the real economy, and many enterprises will face the test of survival and death. At this juncture, the voice of "saving the economy" is getting louder and louder. Yesterday afternoon, the Ministry of Finance and the State Administration of Taxation jointly issued a notice to appropriately raise the export tax rebate rate of some labor-intensive and high technology content. Among them, the textile and garment industry will be the most affected. However, some analysts believe that due to the modest increase, the impact is limited, the stock price has little impact.
出口嚴峻三月內兩次上調
In response to reporters' questions, the head of the Ministry of Finance and taxation and the State Administration of Taxation pointed out that the export tax rebate adjustment involved a total of 3486 commodities. It mainly includes two aspects: first, we should appropriately raise the export tax rebate rate of labour intensive commodities such as textiles, clothing and toys. The two is to raise the export tax rebate rate of high technology and high added value commodities such as anti AIDS drugs. The export rebate rate of textiles, clothing and toys increased from 13% to 14%.
Not long ago, Hongkong, an old clothing company listed in the market, encountered a crisis of liquidation. This shows that the financial crisis has begun to expand, and the demand for the international market has obviously weakened. With the appreciation of the renminbi, the price of raw materials and the rising cost of labor, China's textile industry is facing a survival crisis. The latest customs data show that China's textile and garment exports still showed a downward trend in eight or nine months, and exports began to show negative growth since June.
Recently, rumours have been made that the export rebate rate of textile and clothing will be raised to 15% again. In August 1st, the state raised the tax rebate rate for textiles and clothing to 13%.
利好有限市場借機炒作
The Shanghai and Shenzhen two cities, after a small opening, were dragged down by heavy weights, and there was a trend of diving at the end of the market. However, under the stimulation of the export tax rebate rate increase, the textile and garment sector was in good shape, of which four shares, such as Sino spinning investment, were closed on a daily basis.
How much will this increase in the export tax rebate rate affect the share price of listed companies? The latest report by Zhang Bin, an analyst with state securities, believes that raising the export tax rebate rate will not change the trend of declining industrial efficiency and negative export growth.
He also believes that the slowdown in textile export growth in 2008 is mainly due to factors such as the economic downturn in Europe and the United States, the acceleration of RMB appreciation, the implementation of the new labor contract law, the increase in environmental protection requirements, and the increase in production costs. The export tax rebate rate is not one of the main factors that affect exports, and the export tax rebate rate is limited. Moreover, because the pricing power of domestic enterprises is not strong enough, once the tax rate is raised, foreign businessmen will inevitably reduce the price of products, which will subsidize foreign investors to a certain extent.
Considering that some of the shares of the sector have already fallen through their net assets, the market funds will not be excluded from this opportunity to hype, but investors are advised not to blindly chase up.
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