Short term, deep adjustment and long-term confidence: a share the most beautiful reverser has been launched

category:Finance
 Short term, deep adjustment and long-term confidence: a share the most beautiful reverser has been launched


Just like the production, transportation and epidemic situation of various epidemic prevention materials, the recent regulatory support policies and measures for the financial market are also racing with the impact of the epidemic situation and market anxiety.

The Ministry of finance, the peoples Bank of China, the two sessions of the peoples Bank of China and the foreign exchange bureau jointly issued 30 anti epidemic measures to ensure market liquidity. The central bank rarely made a large-scale public market operation in advance of the trading day. The CSRC system collectively provided policy support and fee relief to the affected enterprises. The CBRC also emphasized guiding the bank and insurance institutions to meet the reasonable financing needs of listed companies and the financial subsidiaries of banks Strengthen the reinforcement of institutional investors. In addition, the Ministry of finance, the national development and Reform Commission, the Ministry of Commerce and other ministries and commissions coordinate their work to reduce the impact of the epidemic on the real economy.

However, due to the strong emotional pollution ability of negative news, the audiences perception of it is usually much higher than that of positive information, coupled with the short-term, medium-term and long-term effects of policy effectiveness, the markets actual sense of access to various favorable policy measures is still insufficient.

Second, the anxiety index caused by the lack of investor confidence is not balanced with the actual economic data.

Before the Spring Festival, some heavy-duty 2019 economic and financial data have been released, consumption, investment and import and export of Troika have improved beyond expectations, reflecting the relatively strong resilience of Chinas economy.

Although the outbreak will affect the first quarter of this years economic data to some extent, historically, its impact on the economy is usually very limited. According to the situation of SARS in 2003, the three industries most affected by the epidemic are transportation, wholesale and retail, accommodation and catering. However, these industries recovered quickly one to three months after the epidemic was lifted.

Lian Weiliang, deputy director of the national development and Reform Commission, also said yesterday that the impact of the epidemic on the economy is periodic and temporary, and will not change the fundamentals of Chinas long-term economic growth.

Third, investors perceptions of A-share market resilience are inconsistent, and anxiety is dominant among retail investors, but the most beautiful against the trend has entered the market to copy the bottom.

In recent years, the comprehensive deepening reform measures have been gradually implemented and effectively empowered the capital market. The quality of listed companies has been continuously improved, and the market vitality and toughness have been enhanced. At the end of last year, the new version of the securities law was officially promulgated, which has made a more perfect and up-to-date standard for the basic system related to the development of the capital market. The immunity of the A-share market to emergencies has been continuously improved.

From yesterdays market sentiment, some investors, especially individual investors, havent clearly perceived the market resilience, and their sentiment has been greatly disturbed by the epidemic. However, not all funds have insufficient awareness of the market resilience. At present, institutional investors have taken actions or made statements to clarify their confidence in the market, and become the most beautiful contrarian in the A-share market. In terms of domestic investment, insurance funds are preparing to increase their positions, banks issue financial products to qualified investors, and the funds invested in the stock market remain stable. Institutional seats appeared on the list of top 5 yesterday. In terms of foreign investment, the author noted that on February 3, there was a clear sign that the capital from the North was bottoming out the A-share market - the total net inflow was nearly 20 billion yuan, and in different periods, the net inflow accelerated significantly at the end of yesterday, showing a certain desire to scramble for funding. The author believes that under the encouragement of the policy effect and the leadership of the most beautiful and rebellious, the confidence of A-share market will gradually return and the operation will be more rational. February 4 is the beginning of spring in the 24 solar terms, and the A-share market is also in sight! Source: responsible editor of Securities Daily: Yang qian_nf4425

In terms of domestic investment, insurance funds are preparing to increase their positions, banks issue financial products to qualified investors, and the funds invested in the stock market remain stable. Institutional seats appeared on the list of top 5 yesterday. In terms of foreign investment, the author noted that on February 3, there was a clear sign that the capital from the North was bottoming out the A-share market - the total net inflow was nearly 20 billion yuan, and in different periods, the net inflow accelerated significantly at the end of yesterday, showing a certain desire to scramble for funding.

The author believes that under the encouragement of the policy effect and the leadership of the most beautiful and rebellious, the confidence of A-share market will gradually return and the operation will be more rational. February 4 is the beginning of spring in the 24 solar terms, and the A-share market is also in sight!