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|Investor smiles at a securities brokerage in Fuyang city nike air max 2017 womens uk , East China's Anhui province, May 11, 2015. [PhotoIC] The saying that "bravery never goes out of fashion" sounds familiar in ChiNext, a Nasdaq-style index tracking growth enterprises listed on the Shenzhen Stock Exchange, as rallies have pushed its average market price-earnings ratio to more than 100 times.
The measure soared 110 percent since beginning of the year as of Monday, beating the 34 percent increase of the benchmark Shanghai Composite Index by afar. The latter has an average market multiples of no more than 22 times.
"It's OK to be expensive as long as your call is right", said Xun Yugen nike air max 2017 white uk , chief strategist of Haitong Securities, the country's second-largest brokerage, in a note on Tuesday, adding that ChiNext stocks will play a leading role in the market bull.
Bull or bubble?
The ChiNext rallied 5.8 percent on Monday, with only two stocks edging down and more than 90 jumping by the daily limit of 10 percent. The transaction value surged to a record high of 170 billion yuan ($27.4 billion).
"The ChiNext is like real estate stocks between 2005 and 2007," said Xun, adding that first-quarter report reveals funds significantly overweighted telecommunication nike air max 2017 red uk , media and technology (TMT), as well as healthcare, compared to the weightings in the CSI 300 index, a gauge of Shanghai- and Shenzhen-listed shares.
Banking information system provider Amarsoft became the first stock in China that edged over 400 yuan. Its share closed at 427 yuan on Monday, up 6.6 percent.
Another ChiNext stock Guangdong QTone Education, an application and information service provider for fundamental education, surged 7.7 percent to 408.8 yuan.
However nike air max 2017 pink uk , as gains are surging, so is fear. China Business News cited a manager of a Shenzhen-based hedge fund, saying it's time to downweight the ChiNext, for he fears a bubble burst like what Nasdaq experienced in 2000. "The measure has surged to above 3,000, and it's too crazy."
BEIJING， March 22 (Xinhua) -- An unnamed official with the newly established Chinese Basketball Association (CBA) League Beijing Sports Company Limited has called for referee professionalization in the CBA to be carried out as soon as possible.
This official also called Yao Ming's election as the president of the Chinese Basketball Association an epoch-making event. He also said he had raised the issue of referee professionalization before with Yao.
"If we want the league to be professional， then the coaches， players and the referees need to be professional as well. But the problem is the lack of proficiency among the referees. Only a dozen of them are capable of being chief umpire， and they are usually too old，" said the official.
"Through professional operations， we need to reform the hereditary and apprentice system among referees. Judges should be selected according to criteria such as experience， physique， English language proficiency and professional integrity， and a professional training organization should be established as well. It takes 8 to 12 years to nurture a qualified referee， as he is responsible for the appeal， smoothness and impartiality of each game，" the official added.
The official also called for the concentration of more efforts in youth training. He says the CBA should cooperate with the Ministry of Education to establish junior and senior middle school basketball leagues at the local， provincial and national levels in order to nurture more young talents for Chinese basketball.
The official also talked about the presence of foreign players in the CBA league. From his perspective， foreign players contribute greatly to the league， but a lack of domestic basketball talent remains a problem.
"There are 20 teams in the league， and in average， only 7 to 8 domestic players in each team are able to play regularly. So the total number is about 160， which is too small. Therefore we need to concentrate more efforts in youth training，" the official said.
Wang Xia, 86 nike air max 2017 orange uk , is assisted to walk into a test venue of the national college entrance exams, known as Gaokao, in Nanjing city, capital of East China’s Jiangsu province, June 7, 2015. Wang has participated in the tough annual exams 15 times since 2001 when China abolished the age limit for Gaokao. Unfortunately, he has failed each attempt.
Wang Xia nike air max 2017 mens uk , 86, is assisted to walk into a test venue of the national college entrance exams, known as Gaokao, in Nanjing city Wang Xia, 86, is assisted to walk into a test venue of the national college entrance exams, known as Gaokao nike air max 2017 leather uk , in Nanjing city Wang Xia, 86, is assisted to walk into a test venue of the national college entrance exams, known as Gaokao, in Nanjing city Wang Xia, 86, is assisted to walk into a test venue of the national college entrance exams nike air max 2017 kpu uk , known as Gaokao, in Nanjing city Wang Xia, 86, is assisted to walk into a test venue of the national college entrance exams, known as Gaokao, in Nanjing city
NANNING - Rainstorms have left two people missing and more than 940,000 affected in South China's Guangxi Zhuang autonomous region over the past week.`As of 4 pm Thursday nike air max 2017 grey uk , the downpour had caused floods in 36 counties in 11 cities, said the regional civil affairs department. Some 52,500 people were evacuated to safe places.
Between July 23 and 29, the maximum accumulated precipitation recorded was 855 mm in Fangchenggang city.
Due to the storms, 1,657 houses collapsed and 3,700 more were damaged. The heavy rain has caused direct economic losses of 271 million yuan ($44 million). Disaster relief work is under way.
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