Chairman Liu Shiyu delivered four good news over the weekend to stabilize market confidence. Both markets opened higher on Monday. The Shanghai Stock Index rose 0.70% to 2830.08 points, with a turnover of 1.1 billion yuan. The Shenzhen Component Index rose 1.10% to 9466.42 points, with a turnover of 1.7 billion yuan. 【Tent Oxford cloth】
On the market, all sectors rose across the board, with Tibet, software, Internet and other sectors leading the gains, and gold concept stocks led the decline.
The trading volume of the Shanghai Stock Exchange Index continued to shrink last week, the trading volume in the two cities was light, and the intraday fluctuations increased. In this regard, some private equity fund managers pointed out that A-shares have been seriously reluctant to sell, and no one dares to buy the bottom. For old investors, this is a signal that a market change is imminent.
From a financial perspective, the enthusiasm for participating in the Shanghai-Hong Kong Stock Connect has increased significantly. According to media statistics, since March, the Shanghai-Hong Kong Stock Connect has only seen net selling on March 3, and net buying has been achieved on the other trading days. Since March, the cumulative net buying amount of Shanghai Stock Connect has exceeded 8 billion yuan. 【600D Oxford cloth】
Some insiders pointed out that the operation methods of Shanghai-Hong Kong Stock Connect funds are basically the same as those of international funds such as QFII. Generally speaking, they focus on medium and long-term investment and value. In investment, the demand for short-term rise and fall is not strong. If the market is relatively low, they will continue to accumulate.
There was also good news over the weekend. Liu Shiyu, chairman of the China Securities Regulatory Commission, attended the press conference of the Fourth Session of the 12th National People’s Congress on March 12 and accepted interviews with Chinese and foreign media on hot issues of capital market reform and development.
Liu Shiyu said that the registration system must be implemented,” but the registration system is not an isolated or fragmented reform. It cannot be carried out alone. It must be combined with the improvement of a multi-level market system, the promotion of equity financing through multiple channels, and the improvement of the rule of law. The environment must be matched, so it requires a long process and time. [Tent Oxford clothCustomized]
In addition, Liu Shiyu also said that in the market, completely After entering the state of self-repair and development, it has been lifted or is in the process of exiting. However, it is too early to talk about the exit of China Securities Finance Corporation for a long time in the future.
In this regard, financial commentator Guo Shiliang pointed out that for those who have just experienced For the A-share market, which has experienced a round of ups and downs, the current stage does not have the market foundation and supporting foundation to implement the registration system. It is obviously not necessary to implement the registration system willfully. As for the important task of the registration-based reform of the A-share market, it still needs to be A relatively long preparation process.
China Asset Management believes that Chairman Liu’s speech emphasized the management’s care for the stock market, answered a series of market concerns, and provided a “reassurance pill” for the market in the short term. “It will help restore market risk appetite, contribute to the healthy development of China’s capital market in the medium and long term, and become a powerful tool to support supply-side reform. 【600D Oxford clothCustomized】
As for the operating strategy of A-shares, Wang Delun, chief strategist of Industrial Securities, pointed out that looking forward to the market situation after the “Two Sessions” , considerations of medium- and long-term variables have regained dominance, and uncertainty has increased. Looking at the entire second quarter, we still need to beware of adjustments brought about by rising risk premiums. Therefore, investors with larger amounts of funds or stocks with larger rebounds can gradually reap the benefits. rebound results.
It said that under the consumption market of the stock game, the profit space has narrowed and the profit opportunities have decreased, and the idea of ”active defense” needs to be strengthened. On the one hand, we insist on giving priority to defense, and the first task is to flexibly control positions. �On the one hand, we must also actively look for opportunities, even “small” opportunities, accumulate small wins into big wins, and structurally consider switching sectors that have not been fully valued but have produced marginal changes.
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