Released on: October 5, 2008, 7:54 pm

Press Release Author: Peter Brice

Industry: Financial

Press Release Summary: “First Prime Group” suggest that turmoil in the West has not
impacted upon China’s growth plans.

Press Release Body: Asian-based asset management firm, First Prime Group, are
thought to be expecting fresh and sustained pressure to befall credit markets
following US Congress’ rejection of the $700 billion bailout package for the banking
system.

Sources close to First Prime Group said that policymakers were incredulous at the
result despite wide acknowledgement the outcome was likely to be a close-run matter.

One of the First Prime Group sources alluded to the fact that the severity of the
sell-off in US stocks would be useful if only to remind naysayers of the
consequences of a similar rejection of an amended bill. Many commentators blame the
result on a fundamental reluctance to help Wall Street banks who are seen as largely
responsible for the crisis.

Although the Dow Jones Industrial Average fell by nearly 800 points, First Prime
Group apparently believe that an amended bill will eventually be passed which should
draw a line under prices.




Web Site: http://www.firstprimegroup.net

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