Leading securities companies to merge? Bull market flag bearer raises limit tide again

category:Finance
 Leading securities companies to merge? Bull market flag bearer raises limit tide again


Signal 1: securities companies set off a tide of trading limits, up to 12 stocks in the plate. With the rapid influx of funds, the daily net inflow of funds in the securities trust sector reached 9.935 billion yuan, close to 10 billion yuan, becoming the most attractive sector in the whole market.

Signal 3: the transaction volume of the two cities has broken the trillion mark.

Signal 4: northward funds entered the market in a large scale, with a net purchase of 17.115 billion yuan, a new high since June 19.

It is worth noting that the trading volume of the two markets exceeded trillion yuan and the trading limit of securities companies was almost the signal of the start of each round of market, and these two signals appeared at the same time today. Moreover, the market today also spread the news of the merger of the two leading securities companies. A senior executive of a relevant securities firm responded that if the matter is true, it must be a high-level secret and has not been heard of at present.

In addition, there are private equity that a bull market may be unfolding. At present, the monetary policy is loose and the market liquidity is abundant, which is conducive to the rise of the overall stock market. At the same time, from the perspective of stock market cycle, it may be at the starting point of a new bull market. However, many institutions believe that it will not be a comprehensive bull market, and the structural market will continue.

Securities companies set off a wave of trading, the market and the merger of two leading securities companies

After pharmaceutical consumption and science and technology in the first half of the year, at the beginning of the second half of the year, securities companies and real estate companies took up the banner of attack, and the Shanghai index finally broke through the 3000 point mark yesterday.

Today, securities companies are ushered in a major outbreak, plate set off a tide of trading. By the end of the day, the brokerage trust board rose 7.41%, including 12 securities companies, including Zhongtai securities, China Merchants Securities, Everbright Securities, Shanxi securities, Zhejiang securities, Pacific, China Securities construction investment, Nanjing Securities, Guojin securities, Huaan securities, Harbin investment shares, Tianfeng securities, etc., and Guohai and Zhongyuan securities rose by more than 8%.

It is worth noting that todays market and two major securities companies leading merger news. According to foreign media reports, people familiar with the matter said that China is speeding up the process of possible merger of the countrys two largest investment banks, which will create an industry giant with a scale of $82 billion and may set off a wave of integration among more than 130 securities companies in the country.

According to foreign media reports, a person familiar with the matter said that according to the latest proposal, CITIC Group, the parent company of Chinas largest securities firm, will act as the main buyer to buy shares of Chinas second largest securities firm, Chinas second largest securities firm. According to people familiar with the matter, CITIC Group will purchase shares from Central Huijin, the state-owned shareholder of CSCI, thus becoming the largest shareholder of CSCI, paving the way for the integration of resources and operations.

However, Yang Minghui, general manager of CITIC Securities, once again said at the shareholders meeting held on June 23 that a clarification announcement had been issued and that the company had not heard of the merger (with CSCI securities). In response to todays market rumors, a senior executive of a relevant securities firm responded that if the matter is true, it must be a high-level secret and has not been heard of at present.

The transaction volume of the two cities exceeded trillion yuan, and the capital flowed into the big finance

In addition to securities companies, the whole financial sector is in an offensive situation today. With the help of big finance, the Shanghai stock index closed up 2.13% today, reaching a new high in five and a half months. The index is close to 3100, and the turnover of the two markets has exceeded the trillion mark.

Among them, the insurance sector rose 6.68% today, PICC once closed up 9.38%, China Life rose 6.79%, Xinhua insurance rose 5.90%, and Ping An of China rose 3.40%.

Bank stocks rose 3.22%, driving the index up. Among them, Qingnong commercial bank rose by 7.74%, Bank of Changshu, Bank of Changsha, Bank of Suzhou, Zhangjiagang bank and other city commercial banks all increased by more than 4%.

In addition, the growth of diversified financial sector also reached 4.51%, of which Jiuding investment, Nanhua futures, Minsheng holdings, Ruida futures, Yuexiu financial holdings and other stocks all increased by more than 5%.

Due to the bullish market, funds have entered the large financial sector, especially the securities trust plate.

According to the data, the net inflow of funds in the trust sector of securities companies reached 9.935 billion yuan, close to 10 billion yuan, making it the most attractive sector in the market; the banking sector received a net inflow of 1.789 billion yuan, ranking second; and the net inflow of funds in the insurance sector was 1.442 billion yuan, ranking third.

Founder Securities Research Institute pointed out that the logic of this round of big finance has three main points:

First, the domestic and foreign economic recovery has been continuously confirmed. The domestic PMI continues to be above the boom and bust line, and the month on month improvement is obvious, and the demand is also accelerating the recovery. The worst time for the overseas economy has passed. Yesterdays US small non farm employment data recorded the largest growth in history, and Citigroups US economic accident index continued to climb to the highest point.

Third, the catalyst in the financial field has been accumulating in recent years. From the discussion of issuing securities license and mixed operation by commercial banks, and then allowing local government special debt to reasonably support small and medium-sized banks to supplement capital, it is particularly important to make the financial industry bigger and stronger under the background of the changeable external environment and financial support for the real economy.

Whenever the A-share market turns warm, the financing customers of the two cities are the most sensitive. According to the data of Oriental Wealth, since the end of June, the balance of financing and financing has continuously reached an all-time high, that is, financiers start to increase leverage and enter the market.

On July 1, the balance of the two financing reached 1176.3 billion yuan, an increase of 12.509 billion yuan over the previous trading day, continuing to reach a record high, with the financing balance reaching 1142.2 billion yuan. Among them, the balance of Shanghai stock market and Shenzhen stock exchange is 617.788 billion yuan and 558.489 billion yuan respectively. On June 1, the balance of financing and financing was 1089 billion yuan, that is, in the past month, the balance of financing and financing increased by 87.3 billion yuan, approaching 100 billion yuan. Obviously, financing customers have increased their positions in the near future.

It is worth noting that in addition to the formal financing channels of securities companies and leverage, according to the reporters understanding, over-the-counter capital allocation has also become active recently. Various kinds of capital allocation advertisements have begun to be issued in groups, claiming that the leverage can be enlarged to 1-10 times, and interest free capital allocation can be publicized.

Boosting the index todays large-scale upward attack is also northward funds running into the field.

By the end of July 2, the net purchase of northbound funds was 17.115 billion yuan, a new high since June 19. Among them, the net inflow of Shanghai Stock connect was 11.161 billion yuan, and that of Shenzhen Stock connect was 5.955 billion yuan. It is worth noting that more than 17 billion yuan of net buying has also entered the top five positions since the opening of Shanghai, Shenzhen and Hong Kong stocks.

Among them, the net inflow of northward funds in June was 52.679 billion yuan, and the total purchase amount of northward funds in the past three months reached 148.929 billion yuan. The positive inflow of northward funds can not be ignored in promoting the A-share market.

Chen Jiande, general manager of private fund, said that a bull market may be under way.

First, from the perspective of monetary policy, since this year, under the influence of the new crown epidemic, the economy is weak, the currency is loose, and the market liquidity is abundant, which is conducive to the rise of the overall stock market;

Second, judging from the stock market cycle, it may be at the starting point of a new bull market. Since 1990, Shanghai Composite Index has experienced several bear markets, and the time is no more than five years. The current bear market has been adjusted from 5178 points in June 2015 to the present five years, and the cycle is long enough;

Third, the situation at the end of this round of bear market is very similar to that from January 2013 to June 2014. The gem index rose from 585 points in early January 2013 to 1400 points in June 2014, an increase of about 140%. During this period, the 50 index and Shanghai composite index basically did not rise. Coincidentally, the gem index has risen from about 1200 points in early 2019 to more than 2400 points now, and the growth rate has doubled. Meanwhile, blue chips such as Shanghai Stock Exchange 50 have not risen in the same period. After July 2014, blue chips started a bull market. History is likely to repeat itself, and this may also be a blue chip bull market.

In terms of investment income, with the easing of monetary policy this year, the cost of market financing has been falling. Now, the coupon of many 3A bonds is only about 3%. Correspondingly, the return on net assets of many companies in the real estate sector is around 15%, and the annual dividend yield is about 4%. The dividend yield alone is higher than the coupon of these 3A bonds. Therefore, high quality blue chips have a very high cost performance ratio, which is conducive to attracting a lot of capital inflows. Chen said.

Chongyang investment said that the stock market is a reflection of hope. With the expected reversal of the two variables of one internal and one foreign (domestic economy and Sino US Relations), we judge that the opportunities of Chinas stock market will outweigh the risks, and there is even room for exceeding expectations, especially for the relevant targets based on the improvement of economic fundamentals. In particular, on the one hand, the valuation of Hong Kong stocks is still at a low historical level. On the other hand, with the implementation of relevant laws, it means that the time for brand lighting is gradually approaching. Since this year, the external uncertainties that have suppressed Hong Kong stocks will also be dispersed, and their good timing is gradually approaching. It is worth noting that, according to the reporter, many institutions have said that even if the next bull market, it will not be a comprehensive bull market, and the structural market will continue. Founder Securities Research Institute pointed out that the core of the market deduction after the financial dance is the economic cycle, and the preliminary judgment will continue the structural market. Judging from the deduction of the market after the past four major financial rises, there are more obvious structural market in 2013 and 2019, which is essentially a sign of stabilization in the short economic cycle. Judging from the current situation, it is likely that the economy will continue to recover. Therefore, the structural market since the second half of 2019 will continue. Niujie Bao Chi restaurant staff to use the air-conditioning condensate and surface has been suspended business bytes, vice president of Tencent again: make complaints about the concept of abuse of influence 370 thousand people were cheated 23 billion? Wang Hanfa apologized: very sad! Source: Securities Times editor in charge: Chen Hequn_ NB12679

Chongyang investment said that the stock market is a reflection of hope. With the expected reversal of the two variables of one internal and one foreign (domestic economy and Sino US Relations), we judge that the opportunities of Chinas stock market will outweigh the risks, and there is even room for exceeding expectations, especially for the relevant targets based on the improvement of economic fundamentals. In particular, on the one hand, the valuation of Hong Kong stocks is still at a low historical level. On the other hand, with the implementation of relevant laws, it means that the time for brand lighting is gradually approaching. Since this year, the external uncertainties that have suppressed Hong Kong stocks will also be dispersed, and their good timing is gradually approaching.

It is worth noting that, according to the reporter, many institutions have said that even if the next bull market, it will not be a comprehensive bull market, and the structural market will continue.

Founder Securities Research Institute pointed out that the core of the market deduction after the financial dance is the economic cycle, and the preliminary judgment will continue the structural market. Judging from the deduction of the market after the past four major financial rises, there are more obvious structural market in 2013 and 2019, which is essentially a sign of stabilization in the short economic cycle. Judging from the current situation, it is likely that the economy will continue to recover. Therefore, the structural market since the second half of 2019 will continue.