A-share trading in half a day 940 billion fund raising ends ahead of time

category:Finance
 A-share trading in half a day 940 billion fund raising ends ahead of time


In the first half of this year, 11 funds with a scale of 10 billion yuan were born, with a total scale of 170.397 billion yuan. Nine of them are equity funds mainly invested in the stock market. The bull market in 2015 can match this year. At that time, there were 13 funds with a scale of 10 billion yuan, with a total scale of 2011.76 billion yuan, including 11 equity funds.

In terms of share of establishment, the total shares of newly established funds in the first half of 2020 reached 1064.836 billion, a new record in the scale of half a year in the past decade. At the same time, this figure ranks the third among the total number of new funds in the past ten years, with 1426.536 billion and 1326.589 billion respectively in 2019 and 2015. If the fund issuance market in the second half of the year can continue the hot sales of the first half of the year, this year may become the most popular year of fund sales in the past decade.

Shenwan Hongyuan recently research paper analysis, at least in the second half of the year is very much like a bull market rebound, A-share fundamental trend is expected to be confirmed. We should innovate direct monetary policy tools to help enterprises improve their financial statements. The residents savings rate has improved, and the sales potential of real estate and optional consumption needs to be released. Novel coronavirus pneumonia is now at the end of the recession. The new crown pneumonia epidemic has brought more thorough clearance. Inventory and manufacturing investment cycles are delayed rather than absent.

Yao Shuang, chief macro strategy analyst of China Merchants Fund, told the first finance and economics reporter that although the domestic monetary policy has passed the most relaxed time point, liquidity will not be significantly tightened in view of the foreign epidemic situation and economic uncertainty. Structurally, it is expected that the broad credit is in the window period of acceleration, and the deepening of economic recovery will continue to drive the rebalancing of value and growth style. Last week, the incremental capital inflow accelerated. We can continue to pay attention to the opportunities for the underpriced and stagflation sectors, and the valuation repair opportunities for cyclical sectors brought about by the continuous recovery of interest rates and economic expectations. In terms of sectors, in addition to the selection of individual stocks in the consumer medicine and technology sectors, we focus on the infrastructure and real estate industry chain with upward industry prosperity and relatively reasonable valuation, and the financial sector with undervalued value. Yao Shuang said. Wei Fengchun, chief macro strategy analyst of Boshi fund, believes that the current policy environment is relatively friendly, the economic recovery trend remains unchanged, and the attraction of Chinas assets is enhanced. At the transaction level, there are signs of acceleration in the transfer of technology in the near future, and the cycle and finance will continue to make up for the gains. Source of this article: Yang Bin, editor in charge of the first finance and Economics_ NF4368

Yao Shuang, chief macro strategy analyst of China Merchants Fund, told the first finance and economics reporter that although the domestic monetary policy has passed the most relaxed time point, liquidity will not be significantly tightened in view of the foreign epidemic situation and economic uncertainty. Structurally, it is expected that the broad credit is in the window period of acceleration, and the deepening of economic recovery will continue to drive the rebalancing of value and growth style. Last week, the incremental capital inflow accelerated. We can continue to pay attention to the opportunities for the underpriced and stagflation sectors, and the valuation repair opportunities for cyclical sectors brought about by the continuous recovery of interest rates and economic expectations.

Wei Fengchun, chief macro strategy analyst of Boshi fund, believes that the current policy environment is relatively friendly, the economic recovery trend remains unchanged, and the attraction of Chinas assets is enhanced. At the transaction level, there are signs of acceleration in the transfer of technology in the near future, and the cycle and finance will continue to make up for the gains.