Shanghai and Shenzhen stock markets rose sharply in Europe and America.

<P> Mainland China Hong Kong stocks pushed the stock market rose </ P> <P> Mainland China stock market, and promote the Shanghai benchmark index hit a new high, the index in Hong Kong caused a chain reaction. .</ P> <P> Hong Kong Hang Seng (Hang Seng) index today hit in the 5 trading days in the first four intraday record high of 23,557.74 points after hitting the final points to close at 23,221.69, lower than the intraday high of 1.5%. .</ P> <P> tracking Mainland enterprises listed in Hong Kong China Enterprises Index (China Enterprises Index, China Enterprises Index) had also hit a record intraday record of 13,593.29 points. .</ P> <P> led the Chinese insurance companies, after the Chinese government issued new regulations to allow more of their assets abroad. .</ P> <P> European and American stock markets fell sharply on Thursday </ P> <P> European and American stock markets fell sharply yesterday as investors fled risky credit assets, and the bank's growing number of leveraged buyout loans concerned. .</ P> <P> midday in New York, the Dow Jones Industrial Average Index (Dow Jones Industrial Average) fell nearly 300 points, or up to 2.1%. .In London, the FTSE 100 index (FTSE 100) fell 3.2% in March 2003 the largest single-day drop since. .European stock markets fell 2.8% in February this year, the biggest one-day drop since. .</ P> <P> investors fled risky assets led to a substantial appreciation of the yen and bond yields fell sharply. .Rising oil prices also contributed to investor concerns. .</ P> <P> the investment bank's shares have declined as investors worried that they will have to use their own assets, its commitment to provide financing for leveraged buyout loans. .This week, a number of failed investment bank sold to investors for Chrysler (Chrysler) and the Joint Boots (Alliance Boots) leveraged buyouts 200 billion in debt. .</ P> <P> British "Financial Times" an analysis shows that investment banks need to use their own assets, more than 400 billion dollars for the high-yield bond financing, the bonds sold in the past weeks of the program. .Well-known banker said that the current LBO debt sales market has been basically shut down, but in the remainder of the year, the lending institutions faced with a large number of outgoing bonds. .Among them, only the value of U.S. bonds to be issued to more than 300 billion U.S. dollars. .</ P> <P> largest lending institutions, including JPMorgan Chase (JPMorgan Chase), Bank of America (Bank of America) and Citigroup (Citigroup) and other large commercial banks. .But the major investment banks - to Goldman Sachs (Goldman Sachs), led by - committed to leveraged buyouts this year, the amount of money to finance increased substantially. .</ P> <P> regulatory filings show that as at the end of May this year, Goldman Sachs, Morgan Stanley (Morgan Stanley), Lehman Brothers (Lehman Brothers) and Bear Stearns (Bear Stearns) commitment to non-investment grade bonds issued .a total of about 180 billion U.S. dollars, most of which related to leveraged buyouts. .</ P> <P> line of these investments declined since the end of May this year, their commitment to the issue of treasury bonds in place to change. .But bankers said the bond is expected compared to the scale and momentum, their total debt issuance appears high. .</ P>.